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”
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“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.
“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.
“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 organizing healthful
customer-company relationship.
“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.
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.
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.).
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