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Cloud Billing Market Worth 14,600.0 Million USD by 2020


News provided by

MarketsandMarkets

28 Jul, 2015, 15:00 GMT

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DALLAS, July 28, 2015 /PRNewswire/ --

According to a new market report, "Cloud Billing Market by Type (Embedded, Subscription, Metered, Convergent, Cloud Service Billing, Professional Services, and others), Service Provider (Cloud, Communication and Network Operator, and MSP) - Global Forecast (2015 - 2020)", published by MarketsandMarkets, The Cloud Billing Market is expected to grow from USD 4,550.0 Million in 2015 to USD 14,600.0 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 26.3%.

Browse 67 market data Tables and 44 Figures spread through 155 Pages and in-depth TOC on "Cloud Billing Market"

http://www.marketsandmarkets.com/Market-Reports/cloud-billing-market-1022.html

Early buyers will receive 10% customization on this report. 

The market report defines and segments the Cloud Billing Market into various sub-segments with an in-depth analysis and estimation of market size. It also identifies the drivers and restraints for this market with insights on trends, opportunities, and challenges

Ask for PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=1022

The adoption of cloud billing solutions is proliferating as businesses move to the cloud. With increase in the adoption of the pay-as-you-use pricing model, tracking the usage of allocated resources and providing real-time view of an account's resource consumption is necessary to enhance customer experience and to avoid revenue leakages. The cloud billing solutions bring flexibility and scalability to comply with the changing needs of billing. The billing services on cloud provide organizations with several advantages, including increased transparency in the charging and billing processes, virtualized workplaces, flexibility to upscale with increase in the number of customers, and simplified operations, along with accelerated performance.

MarketsandMarkets has broadly segmented the Cloud Billing Market by type: embedded billing, subscription billing, metered billing, convergent billing, cloud service billing, professional services, and others; by vertical: Banking, Financial Services, and Insurance (BFSI), retail & wholesale, healthcare, public services & utilities, telecommunication & Information Technology (IT), media & entertainment, transportation & logistics, and others; and by region: North America, Europe, Latin America, Asia-Pacific (APAC), and the Middle East and Africa (MEA).

MarketsandMarkets believes that time consumption and ongoing maintenance are the major constraints in the Cloud Billing Market. These limitations carry a significant potential for hampering the adoption rate of cloud billing in various Small and Medium Businesses (SMBs) across a wide range of verticals.

The Cloud Billing Market is expected to grow from USD 4,550.0 Million in 2015 to USD 14,600.0 Million by 2020, at a Compound Annual Growth Rate (CAGR) of 26.3%. In regional segmentation, North America is expected to be the largest market in terms of market size while Asia-Pacific (APAC), Latin America, and the Middle East and Africa (MEA) are expected to emerge rapidly in this market at high CAGRs.

Browse Related Report 

Cloud Collaboration Market by Solution (Enterprise Content Management/ Document Management System, Unified Communication, Project Management, Enterprise Social Collaboration): Worldwide Forecast and Analysis (2014-2019)
http://www.marketsandmarkets.com/Market-Reports/cloud-collaboration-market-204230770.html

Disaster Recovery as a Service Market by Solution (Disaster Planning & Testing, Real-Time Replication, Backup Solution, and Data Security & Compliance), by Service Provider (Disaster Recovery, Cloud, Telecom & Communication): Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/recovery-as-a-service-market-962.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us: http://www.linkedin.com/company/marketsandmarkets

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