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Infonetics Research has released its updated report on convergent charging software and services. The report provides in depth information about convergent related services such as consulting and integration services. It also covers convergent charging software that can handle multiple payment transactions at the same time. One can use any network (wired or wireless) and any type of services such as data, video or voice to do the transaction.

Shira Levine, directing analyst at Infonetics (News - Alert) research, said “The convergent market is one of the most dynamic markets today. It has established its base today primarily in Eastern Europe, India and South East Asia. The operators in these regions face low ARPU and high churn rates. In the long term, the other market drivers such as charging from one machine to another and mobile wallet services will become very popular.”

The report forecasts the global convergent market to grow 5 times between 2009 and 2014 from $333 million to $2.6 billion.

The push by telecom operators will be the most important factor for convergent markets as they will concentrate on increase average revenues per user through flexible payment options and loyalty programs.”

Ericsson (News - Alert) and Comverse are neck to neck when it comes to gaining the number one position in providing convergent technology where Comverse has a slight edge.

There are other software vendors also contributing in a smaller way. These vendors include Openet (News - Alert), Volubill, Openet and Comptel.

In related news TMC recently reported about Comverse (News - Alert) enabling value added services such as mobile internet, mobile advertising and voice messaging. It also provides services such as active customer management and IP communications. The company revealed the finalists in the Fifth annual innovation awards for telecom operators.