The billing systems market will triple by 2030

After a two-fold drop in 2022, the Russian billing systems market will grow more than 3 times in the next seven years – from 4.7 billion to 14.4 billion rubles. The average annual growth rate until 2030 will be 22.4%, analysts at Strategy Partners predict. Vedomosti reviewed the results of the company’s research on the IT market.

Billing systems are software that allows you to calculate tariffs, issue invoices for the use of services, and record information about the user’s account balance. Billing allows you to automatically issue an invoice to the client for the services that were provided to him, explains Ilya Rogov, director of the St. Petersburg branch of Atomdata. Traditionally, companies in the telecommunications sector have been and remain one of the key users of billing systems, many of them are now developing areas related to cloud services, notes Timofey Khoroshev, partner, leader of the technology consulting practice at DRT (formerly Deloitte).