A study by ‘Stratistics MRC’, a leading global survey company, reveals that global telecom billing market is expected to grow from $8.98 billion in 2017 to $20.99 billion by 2026. This stat shows a compound annual growth rate of nearly 10%, which indicates quite a prominent rise in the importance of telecom billing management system. The projected growth in the field of billing clearly shows that most companies realize its potential as the difference maker and consider it to be the tool that breaks the tie between competitors.
Another reason why the focus of telecom companies is on telecom billing management is due to the blurring lines between OSS and BSS in telecom. The legacy hardware utilized in telecom billing was specifically created for handling OSS BSS telecom tasks separately. BSS tasks were tied to BSS hardware and OSS tasks were bound with OSS hardware. However, this way of operation leads to underutilization of the system.
Reason for Underutilization of OSS BSS Telecom Hardware
The biggest reason for this underutilization is that there are certain applications in OSS/BSS operations that reach their peak at specific times. For example, billing application that is a part of BSS is only run frequently at the end of the billing cycle and ticketing application is executed frequently when the network is congested. At other times, BSS and OSS hardware remains underutilized, which is a complete waste of precious hardware resources. Read More information: https://www.vcarecorporation.com/blog/telecom-billing-management-system
