Based on its recent analysis of the communications service provider (CSP) billing marketplace, Stratecast | Frost & Sullivan has recognized Huawei Technologies by awarding it with the ‘2016 Stratecast Global Growth Excellence Leadership Award’ in the CSP Billing Market.
The award is given to the company that demonstrates excellence by growing strongly and capturing additional market share in the global CSP billing market, both over the short and long term. In recent years, Huawei has shown impressive market growth, with its billing solutions exceeding the growth rate of the global end-to-end billing market. Huawei has accomplished this feat through the support it provides to CSP customers across the world.
“After assessing over 100 suppliers worldwide that deliver solutions in the global CSP billing market, Huawei’s success stands out,” said Troy Morley, Operations, Orchestration, Data Analytics & Monetization (ODAM) Strategy Analyst at Stratecast | Frost & Sullivan. “This crowded market has exhibited a compound annual growth rate (CAGR) of approximately 5% from 2009 to 2015. Huawei, during this same period, exhibited a CAGR of over 14% for its billing solutions, more than two and a half times the rate of the overall market.”
Wang Rui, the President of Huawei Revenue Management Domain said, “It’s an honor for Huawei to receive this high praise. Operators are looking to transform themselves from connectivity suppliers to providers of a full range of digital services, which necessitates changes in their billing and charging environments.
“Over the last few years, Huawei has fully understood the challenges faced by operators, and built a next-generation digital billing system to meet those requirements. Looking towards the future, Huawei will consistently enhance the solution to help global customers get ready for digital,” continued Wang Rui.
Huawei growth can also be demonstrated by the number of CSP customers it supports globally with its business management and billing solutions. In 2015, Huawei served 1.7 billion customers from 190 CSPs across 107 countries and regions in the world. Perhaps more impressive is the number of CSPs Huawei has added as billing customers in the last three years, with almost 20 new CSP billing customers obtained each year.
Huawei’s Convergent Billing Solution offers a full complement of billing, policy, customer, and partner management solutions that span all segments of CSP billing. Huawei ranks amongst the leaders in every segment of CSP billing, and currently leads the billing mediation segment.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
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