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Cloud Billing Market Worth 16.59 Billion USD by 2021


News provided by

MarketsandMarkets

05 Aug, 2016, 15:30 GMT

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PUNE, India, August 5, 2016 /PRNewswire/ --

According to a new market research report "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 by Region - Global forecast to 2021", published by MarketsandMarkets, the 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.

     (Photo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 64 market data Tables and 50 Figures spread through 151 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.

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.

"Cloud Service Billing is expected to grow at the highest CAGR during the forecast period" 

Cloud service billing is expected to grow at the highest CAGR during the forecast period. Advancement in cloud technology has increased the customer base significantly in the billing market and raised the demand for cloud billing. Among the various types of cloud service billing, SaaS-based services are becoming more popular due to its capability to offer easy customization and innovative functionality.

"Customer Management is expected to gain prominent traction during the forecast period" 

The Cloud Billing Market is expected to grow at an impressive CAGR during the forecast period. Customer retention and customer feedback are the two most important factors companies are focusing on, thereby increasing the application of customer management in the Cloud Billing Market. Moreover, cloud billing not only helps in retaining the customers but also delivers value by establishing healthy customer-provider relationship.

"Media & Entertainment and Telecommunication & ITES are expected to grow at the highest CAGR during the forecast period. " 

The media and entertainment industry is witnessing a potential growth in the Cloud Billing Market across regions owing to the increase in the adoption of digital channels. Moreover, the telecommunications and ITES sector has always been at the forefront while adopting cloud-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 hold the largest market share in 2016 while APAC would be the fastest maturing in terms of CAGR. Factors such as top mandatory government regulations, increasing need to focus on customer relationship management, rising cloud-based solution are the major factors supporting the growth of Cloud Billing Market in APAC.

Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=1022

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.)

Browse Related Reports: 

Telecom Billing Market and Revenue Management by Software (Mediation, Billing & Charging, and Others), by Services (Planning & Consulting, Operations & Maintenance, and Others), by Deployment Type and by Geography - Global Forecast to 2019

http://www.marketsandmarkets.com/Market-Reports/telecom-billing-revenue-management-market-148187276.html

Convergent Billing Market by Solution (Customer Relationship Management, Settlement and Payment Management, Voucher Management, Mediation), and by Modes (Managed Services, Consulting Services, Training and Education) - Global Forecast to 2019

http://www.marketsandmarkets.com/Market-Reports/convergent-billing-market-116286937.html

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide 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 a 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
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


Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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