Global Online Charging System Market 2023-2030

Description

List of Tables

Title: Global Online Charging System Market Size, Share & Trends Analysis Report by Component (Services and Software), by Deployment Mode (Cloud and On-Premise), by Industry Vertical (Mobile Network and Fixed Network), and by Vertical (Telecom and Communication, Banking, Financial Services, and Insurance (BFSI), Media and Entertainment, Healthcare, and Others),Forecast Period (2023-2030).

The global online charging system market is anticipated to grow at a CAGR of 5.5% during the forecast period. The market growth is attributed to factors including the increasing demand for digital transformation across the globe. Accordingly, market players are coming up with new products to cater to the demand for digital programs, such as, the installation of online charging system to improve functionality. For instance, in April 2022, Netcracker Technology announced that as part of an ongoing digital transformation program, it has installed its online charging system for Telenet to provide the Belgian operator with improved capabilities and functionality. Converged single-stack support for fixed-line services (Internet, fixed telephony, and digital TV) and wireless services is planned to be offered through Netcracker's digital BSS system, including online charging system.

Segmental Outlook

The online charging system market is segmented based on component, deployment mode, industry vertical, and vertical. Based on components, the market is divided into services and software. Based on deployment mode, the market is segmented into cloud, and on-premise. Based on industry verticals, the market is segmented into mobile networks and fixed networks. Furthermore, based on vertical channels, the market is divided into telecom and communication, BFSI, media and entertainment, healthcare, and other verticals. Among the deployment mode segments, the on-premises sub-segment is projected to hold a significant market share owing to the increasing demand for service suppliers to operate the online charging system network potentially on-site or through cloud-based services to increase flexibility and adaptability.

The Services Sub-Segment is Projected to Experience a Substantial Growth of the Global Online Charging System Market

Among the component segments, the services sub-segment is anticipated to hold a prominent market share. The growth of the market is attributed to the growing demand for prepaid billing and real-time charging systems across the globe. Prepaid billing systems provide customers with more control and flexibility over their spending and enable companies to provide tailored billing plans, while real-time charging updates the subscriber's account balance in real-time for greater control and transparency. Accordingly, market players are coming up with new products to cater to the demand for online charging systems. For instance, in October 2022, BillingHub designed and developed a new and reliable Online Charging System. Prepaid services require the customer to pay an amount equal to the plan that is provided prior to utilizing the services. The service is ineffective until a prepaid payment (or top-up) has been completed. Prepaid services need to be implemented and rendered available utilizing the online charging system.

Regional Outlook

The online charging system market is analyzed based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, the Asia-Pacific region is projected to experience a prominent growth, driven by the increased demand for efficient telecommunication network along with growing dependency and usage of online and mobile phone.

North America is Anticipated to Hold a Significant Share in the Online Charging System Market

Among all the regions, North America is anticipated to hold a significant share of the market over the forecast period. The primary factor supporting the regional market growth includes the presence of robust and well-efficient telecom architecture. The online charging system plays an important role in ensuring the profitability of telecom service providers by allowing them to monetize and manage subscriber's accounts effectively in real-time. Owing to which, the major telecom service providers including Netcracker, CSG Systems, and others are adopting various strategies such as mergers and acquisitions, among others to expand their presence in online charging system market and stay competitive. For instance, in April 2023, Netcracker Technology announced to implement Netcracker Digital BSS and professional services in partnership with SLT-MOBITEL, the national ICT solutions provider of Sri Lanka. Both the solutions are implemented with an aim to consolidate billing system for upgraded fixed, mobile and online charging capabilities.

Market Players Outlook

The major companies serving the global online charging system market include: Alepo, CSG Systems International, Inc., Huawei Technologies Co., Ltd., Lifecycle Software Ltd., and Netcracker Technology Corp., among others. These market players are considerably contributing to market growth by adopting various strategies such as mergers and acquisitions, partnerships, collaborations, funding, and new product launches to stay competitive. For instance, in January 2023, Amdocs expanded its strategic collaboration with Globe Telecom, to modernize Globe's existing charging capabilities, speeding up time to market for new products and services. Amdocs is to deploy its real-time charging solution throughout the global numerous data centers in accordance with the agreement, which will help subscriber in transition and charging system to the new platform.

The Report Covers:

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global online charging system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2027534

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. Amdocs
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. Cerillion Technologies Ltd.
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Comviva Technologies Ltd.
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Key Strategy Analysis

4. Market Segmentation

4.1. Global Online Charging System Market by Component
- 4.1.1. Services
- 4.1.2. Software
4.2. Global Online Charging System Market by Deployment Mode
- 4.2.1. Cloud
- 4.2.2. On-Premises
4.3. Global Online Charging System Market by Network Type
- 4.3.1. Mobile Network
- 4.3.2. Fixed Network
4.4. Global Online Charging System Market by Vertical
- 4.4.1. Telecom and Communication
- 4.4.2. Banking, Financial Services, and Insurance (BFSI)
- 4.4.3. Media and Entertainment
- 4.4.4. Healthcare
- 4.4.5. Others (Transportation, and E-Commerce)

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Alepo
6.2. CSG Systems International, Inc.
6.3. Huawei Technologies Co., Ltd.
6.4. Lifecycle Software Ltd.
6.5. Netcracker Technology Corp.
6.6. Nexign
6.7. Nokia
6.8. Optiva Inc.
6.9. Oracle Corp.
6.10. Telefonaktiebolaget LM Ericsson
6.11. SAP SE
6.12. Sinch
6.13. Subex
6.14. ZTE Corp.