Market research firm Infonetics Research via its latest Convergent Charging Software and Services report, published that the global convergent charging market, including software and services, grew 42% in 2012 to just under $1.7 billion, with healthy growth expected to continue in 2013. Read More
"As the rapid ramp-up in data traffic continues to strain the network, operators are looking to better correlate the value of resources consumed to the price charged,” notes Shira Levine, directing analyst for service enablement and subscriber intelligence at Infonetics Research."
“New service and payment models such as hybrid accounts, shared data plans, content packages, and location-based pricing all represent ways for operators to differentiate themselves while generating more revenue from their networks,” Levine adds. “But the bottleneck is frequently their legacy billing and charging environments.”