Telcordia Ranked Number One in Convergent Charging Market
PISCATAWAY, New Jersey, July 19, 2011 /PRNewswire/ --
- Infonetics Research Recognizes Market-Leading Solutions that Enable Full-Featured, Real-Time Charging Convergence
Telcordia, a global leader in the development of Mobile, Broadband and Enterprise software and services, today announced that it has been named the global revenue leader in the convergent charging software and services market by analyst firm Infonetics Research. With 15.4 percent of the market share in a USD$862.3 million segment, Telcordia was the fastestgrowing vendor by revenue in 2010, finishing in the number-one spot.
The firm's June 2011 report, "Convergent Charging Software and Services: Biannual Worldwide and Regional Market Share, Size, and Forecasts," offers a detailed market-share analysis for convergent charging software and services, projecting segment growth to USD$3.3 billion by 2015, driven in large part by communications service providers' (CSPs') need to support multiple services with a single payment system. The report cites Telcordia's "significant presence in India, where rapid subscriber growth is translating to rapid license revenue" as a primary contributor to the company's market leadership.
Infonetics highlights that "Convergent charging represents a way for operators to enable convergence without necessarily needing to do a billing forklift project." Telcordia considers that convergence is more than prepaid and postpaid, but over five types of convergence are emerging; Mobile/Fixed, Pre/Postpaid, 2G/3G/4G, GSM/CDMA, and TV. By implementing convergent charging capabilities, operators can accelerate time to market, profitability and an interactive customer experience.
"Telcordia has gained traction in emerging markets, where operators want to expand their business and deliver multi-play offerings to drive customer acquisition," said Shira Levine, Directing Analyst, Next Gen OSS and Policy at Infonetics Research. "With its market leadership, Telcordia is well positioned to capitalize on a segment that grew by 37 percent last year and will continue a steady growth trajectory for the next five years."
"This recognition validates the innovative Converged Charging work that Telcordia has performed in emerging markets all over the world, but especially in India, where our solutions manage 30 percent of the country's new subscribers, which numbers more than one hundred million," said Michael Wojcik, President, Service Delivery Solutions, Telcordia. "The key to success is helping our service provider customers apply flexible, real-time, customerspecific rating and charging features that deliver a consistent customer experience. Telcordia Converged Charging makes it easy and affordable to apply tailored promotions, features, rate plans and cross-product bundles to any type of customer account."
Telcordia's Converged Charging solutions allow CSPs to turn pricing into a powerful brand differentiator by enabling them to maintain balances for prepaid users; manage credit limits and usage balances for postpaid users; automatically generate and transfer call detail records to their billing and back-office financial systems to manage collections; and offer the same features, policies, service controls and packages to all customers.
For more information about Telcordia, visit http://www.telcordia.com. For more information on Telcordia's Converged Charging solutions, visit http://www.telcordia.com/portfolios/service_delivery/index.html?int_cid=Homepage-Image
About Telcordia
Telcordia, a global leader in the development of mobile, broadband and enterprise communications software and services, enables Communications Service Providers (CSPs), enterprises, suppliers and governments to successfully deploy innovative and advanced services that help our clients realize operational efficiencies, drive revenue, and maintain a competitive edge. As the industry's go-to expert for solving the most complex communications challenges, Telcordia is known for getting it right the first time and for having the depth of expertise to fully understand our customers' situation, respond appropriately, and deliver as promised. Telcordia has globally trusted expertise in software and services to meet the needs of customers and partners, including, consulting (http://www.telcordia.com/services/consulting_services.html), next-generation OSS ( http://www.telcordia.com/portfolios/next-generation-oss/index.html), network and application interconnection ( http://www.telcordia.com/services/interconnection/interconnection.html), service delivery and charging solutions ( http://www.telcordia.com/portfolios/service_delivery/index.html), industry research (http://www.telcordia.com/innovation/index-research.html) and new technology development (http://www.telcordia.com/innovation/index.html). Telcordia is headquartered in Piscataway, N.J., with offices throughout North America, Europe, Asia, Central and Latin America. (http://www.telcordia.com).
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