Real-Time Transaction Billing Market Grows

Stratecast, a division of Frost & Sullivan, has assessed the overall billing market for the converging communications sector through a series of six research reports. Part three of the series focuses on the billing mediation market, which is projected to grow at a 5.8 percent compound annual growth rate (CAGR) through 2013. The report found that real-time transaction processing volumes are exponentially increasing as networks become more distributed, online applications become more prominent, and interactive content increases.

"Collecting, aggregating and correlating customer usage events from various network elements and IT nodes is a monumental task, given the sheer volume of events to be processed and the number of devices from which data is obtained," said Karl Whitelock, senior consulting analyst in Stratecast’s OSS BSS competitive strategies practice. "Online event mediation–high volume, bi-directional, real-time transaction processing–is the central core from which customer life changing services are now governed."

The billing mediation research report is based on assessments and market profiles for 43 suppliers operating within this sector.