The global cloud billing market is anticipated to witness
tremendous growth over the specified period of time owing to virtualized
workplaces and simplified operations. Increasing popularity of service-oriented
culture and consumer-oriented services among organizations is expected to drive
industry growth. Growing importance of transparency in charging process is
expected to favor industry.
In
depth research report on Cloud billing market
These solutions provide flexibility to up-scale with
increase customer base. Benefits such as scalability and flexibility are
anticipated to propel its demand tremendously. Additionally, low capital and
operational expenses, enhanced process, convergence, and centralization are
expected to boast revenue of the industry players.
Benefit such as real time management of large amount of data
is anticipated to propel the industry growth over the forecast period. These
solutions eliminate over and under-charging by supporting granular billing,
dynamic price plans, and sophisticated rating, by extending support for
variable billable units.
Growing demand for improved billing operations is a key
factor for the growth of the global cloud billing market. Cost effective
solution is expected drive demand in small and medium businesses. Industry can
be segmented based on verticals as retail, public sector and utilities, Banking
& Financial Service & Insurance (BFSI), telecom, healthcare, IT and
media, logistics and transportation.
It can also be segmented based on type as subscription,
embedded, metered, cloud, and professional service. It can also be segmented on
the basis of deployment models as private, public, and hybrid. Managed service
providers, cloud service providers, and communication service providers &
network operators are offering such solution.
Industry player may tap customer with merged or bundled
service to cater to wide need of customers with single solution and enhance
customer experience.
Asia Pacific is expected to be key region over the specified
period of time owing to popularity of these services in small and medium business.
Benefit such scalability and cost is expected to play a major role in growth of
these solutions worldwide.
Key industry players include Aria Systems, Amazon Web
Services (AWS), Blusynergy, Amdocs, Blueoss, CSC, Cerillion, and Cloudability,
CGI Group. Other prominent vendors include Comverse, Chargebee, CSG
International, Globetom, Comarch, Interworks, Monexa, IBM, Metratech, Oracle,
Mphasis, SAP, NEC Corporation, Redknee, Talligent, Utilibill, and Zuora.
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