Global market for telecom cloud billing to reach US $23.2 billion by 2026

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Voice&Data Bureau
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Telecom cloud billing

Amid the Covid-19 crisis, the global market for telecom cloud billing estimated at US $6.3 billion in the year 2020, is projected to reach a revised size of US $23.2 billion by 2026, growing at a CAGR of 24% over the analysis period.

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Convergent, one of the segments analyzed in the report, is projected to record a 24.2% CAGR and reach US $10.9 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the prepaid segment is re-adjusted to a revised 25.8% CAGR for the next 7-year period.

The US market is estimated at $2.4 billion in 2021, while China is forecast to reach $4.1 billion by 2026.

The telecom cloud billing market in the U.S. was estimated at US$2.4 billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.1 billion by the year 2026 trailing a CAGR of 23.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.5% and 20.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.8% CAGR.

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Postpaid segment is set to reach US $3.8 billion by the year 2026. In the global postpaid segment, USA, Canada, Japan, China and Europe will drive the 22.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US $900.5 million in the year 2020 will reach a projected size of US$3.7 billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.