According to new market research report on"Cloud Billing
Market by
Type (Subscription Billing, Metered Billing), Providers (CSP, Telecom and
Communication Provider, & MSP), Application (Customer, Revenue, &
Account Management, Organization Size, Vertical, and Region - Global forecast
to 2021",
The cloud billing market size is estimated to grow from USD 5.68 Billion in
2016 to USD 16.59 Billion by 2021, at expected Compound Annual Growth Rate (CAGR)
of 23.9% from 2016 to 2021.
High demand for billing operations, centralized, and
convergent billing solutions and the growing need to lower capital and
operating expenditure is increasing the demand for cloud billing in the market.
Browse and
in-depth TOC on “Cloud Billing Market”
64
- Tables
50
- Figures
151
- Pages
“Cloud Service Billing is expected to grow at the
highest CAGR during the forecast period”
Cloud carrier billing is anticipated to develop at
the highest CAGR in the course of the forecast duration. Advancement in cloud
era has extended the client base appreciably inside the billing marketplace and
raised the call for for cloud billing. Among the diverse kinds of cloud
provider billing, SaaS-primarily based offerings are becoming more popular
because of its capability to offer clean customization and revolutionary
functionality.
“Customer Management is expected to gain prominent
traction during the forecast period”
The cloud billing market is anticipated to grow at
an excellent CAGR at some stage in the forecast length. Customer retention and
patron comments are the two maximum crucial elements businesses are that
specialize in, thereby growing the software of customer control in the cloud
billing market. Moreover, cloud billing no longer only allows in retaining the
clients but additionally gives you value by organising healthful
customer-company relationship.
“Media & Entertainment and Telecommunication
& ITES are expected to grow at the highest CAGR during the forecast period.
“
The media and leisure enterprise is witnessing a
ability boom in the cloud billing market throughout areas attributable to the
growth in the adoption of virtual channels. Moreover, the telecommunications
and ITES quarter has usually been at the forefront while adopting
cloud-primarily based technologies to serve their customers better.
“APAC is expected to witness a high growth potential
during the forecast period”
North America is expected to keep the largest market
proportion in 2016 while APAC would be the fastest maturing in phrases of CAGR.
Factors which includes pinnacle obligatory government guidelines, increasing
want to focus on consumer courting management, rising cloud-based solution are
the fundamental elements helping the increase of cloud billing market in APAC.
The major service providers in the cloud billing
market include Amazon Web Service, Inc. (U.S.) , CSC (U.S.), IBM Corporation
(U.S.), NEC Corporation (Japan), Oracle Corporation (U.S.), Amdocs, Inc.
(Israel), Aria System, Inc (U.S.)., CGI Group, Inc. (Canada), SAP SE (Germany),
and Zuora, Inc. (U.S.)
Restraints
Continuously Changing Technologies
Time-Consuming Transition From On-Premises to Cloud-Based
Billing
Opportunities
Demand for Crm
Emergence of Real-Time
Billing
Challenges
Lack of Awareness
Lack of Security
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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