Global convergent charging market is forecast to grow to $5.3 billion in 2018, according to Infonetics' latest Convergent Charging Software and Services report. The report which tracks charging software built for communications providers highlights that the charging market totaled $2.3 billion in 2013.
Key Hightlights from the report
Asia Pacific’s share of the global convergent charging market passed the 50% mark in 2013, and by 2018, Infonetics expects more will be spent on convergent charging in Asia than in all the other world regions combined.
Convergent charging allows operators to offer service tiers, location-based pricing, over-the-top (OTT) content packages, shared data plans, and sponsored data
Operators looking to capitalize on opportunities in the enterprise market are investing in convergent charging as a way to expand the range of services and features available to their business customers
Increasingly being sought out by operators are convergent charging solutions that can be deployed in a network functions virtualization (NFV) environment, though few are actually doing so at this point