Stratecast | Frost & Sullivan 2016 analysis: Global billing market continues to grow, Huawei maintains leadership within the billing mediation market
Aug 19, 2016
Shenzhen, China, August 19, 2016
According to recently released research by Stratecast | Frost & Sullivan titled “Global CSP Billing 2016 Edition Part 2: Billing Mediation Forecast and Market Share Analysis”, Huawei continues to maintain its leadership within the billing mediation market. This research is based on analysis of approximately 50 billing suppliers delivering billing mediation functionality to all global markets. Stratecast | Frost & Sullivan believes Huawei’s strength in mediation lies within the company's product portfolio that addresses all end-to-end billing functions and through its growth within the mediation domain, which it has done without any merger and acquisition (M&A) activity.
"Huawei continues to gain momentum within the global business and operations management sectors of the communications industry. The company has shown market growth with its billing solutions, particularly over the past seven years, equal to or exceeding the growth rate of the global end-to-end billing market. Huawei has achieved success in the global CSP mediation market by winning new CSP customers each year, and by expanding its billing solution capabilities with existing customers—a formula that works in any industry. Stratecast expects Huawei’s success to continue through its strengthening capabilities with its solution and the market." said Karl Whitelock, Global Director Operations, Orchestration and Monetization Strategy at Stratecast | Frost & Sullivan.
“It’s an honor for Huawei to receive this high praise. Looking toward the future, Huawei will consistently provide excellent mediation products to help global customers address the massive data exchange challenge, bring together real-time and high quality data integration, and help customers succeed in the digital economy.” said Zang Weisong, General Manager of Huawei BSS product line.
According to Stratecast | Frost & Sullivan, the global billing mediation market is growing rapidly, at a 7.2% CAGR over the next five years. Key business drivers for this growth include: customer experience improvement, digital transformation, new business models, real-time contextual awareness, time-based mobile data access, and virtualized network functions.
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