Global Convergent Billing Market Size & Outlook, 2022-2030
Global convergent billing market, 2018-2030 (US$M)
Related Markets
Global convergent billing market highlights
- The global convergent billing market generated a revenue of USD 14,106.6 million in 2022 and is expected to reach USD 67,335.5 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 21.6% by 2030.
- In terms of segment, solution accounted for a revenue of USD 9,104.6 million in 2022.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 14,106.6 million |
| Market revenue in 2030 | USD 67,335.5 million |
| Growth rate | 21.6% (CAGR from 2022 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 26.6% of the global convergent billing market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 1,430.6 million by 2030.
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Convergent Billing Market Scope
Convergent Billing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global convergent billing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to convergent billing market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 64.54% in 2022. Horizon Databook has segmented the Global convergent billing market based on solution, service covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Convergent Billing Component Outlook (Revenue, USD million, 2018-2030)
- Solution
- Customer Relationship Management
- Settlement and Payment Management
- Mediation
- Voucher Management
- Others
- Service
- Consulting Services
- Managed Services
- Customization Services
- Solution
- Global Convergent Billing Deployment Outlook (Revenue, USD million, 2018-2030)
- Cloud
- On-premise
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Target buyers of Global convergent billing market databook
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Our clientele includes a mix of convergent billing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global convergent billing market , including forecasts for subscribers. This global databook contains high-level insights into Global convergent billing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global convergent billing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Convergent billing market size, 2022 (US$M)
Global convergent billing market share, by component, 2022 & 2030 (%, US$M)
Convergent billing market: Opportunity assessment by country
Global convergent billing market, by region, 2022 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,185.2 | 2,478.8 | 2,789.7 | 3,215.3 | 3,749.9 | 4,417.8 | 5,261.2 | 6,337.7 | 7,706.9 | 9,473.5 | 11,756.1 | 14,733.9 | 18,627.9 | 22.2% |
| Europe | 1,821.7 | 2,066.4 | 2,325.7 | 2,680.4 | 3,101.2 | 3,624.5 | 4,282.1 | 5,117.2 | 6,173.2 | 7,527.8 | 9,267.2 | 11,522.1 | 14,451.4 | 21.2% |
| Asia Pacific | 2,036.5 | 2,310.1 | 2,599.9 | 2,996.5 | 3,508.6 | 4,150.0 | 4,961.9 | 6,001.0 | 7,326.5 | 9,041.7 | 11,264.9 | 14,174.6 | 17,992.1 | 22.7% |
| Latin America | 1,268.2 | 1,438.5 | 1,619.0 | 1,866.0 | 2,152.4 | 2,508.0 | 2,954.1 | 3,519.6 | 4,233.2 | 5,146.5 | 6,316.6 | 7,830.0 | 9,791.1 | 20.9% |
| MEA | 1,075.3 | 1,172.1 | 1,265.9 | 1,398.0 | 1,594.6 | 1,836.4 | 2,136.4 | 2,512.2 | 2,980.3 | 3,571.1 | 4,316.5 | 5,265.2 | 6,473.1 | 19.1% |
| Overall | 8,386.8 | 9,465.9 | 10,600.2 | 12,156.2 | 14,106.6 | 16,536.7 | 19,595.6 | 23,487.6 | 28,420.0 | 34,760.5 | 42,921.4 | 53,525.8 | 67,335.5 | 21.6% |
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