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Cloud Billing Market Research Report 2016

Tuesday, November 8, 2016 4:05
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(Before It's News)

Cloud Billing Market

Cloud Billing Market is projected to witness a compound annual growth rate of 26.14% to reach the total market size of US$15.182 billion in 2021, from US$3.768 billion in 2015. Cloud billing solutions enable generation of bills from the resource usage data, using a set of predefined billing policies. Adoption of Cloud Billing is accompanied by a number of advantages, such as enhanced performance, higher transparency in billing and charging processes, flexibility, virtualized workplaces and simplified operations. Some of the key factors driving the growth of this market are increasing demand for billing operations, need to lower capital and operating expenditure, centralized and convergent billing solutions. Other factors include increased adoption of cloud technology by Small and Medium Enterprises, increasing use of subscription-based billing and pay-per-use model. As companies are working on improving customer experience and focusing on customer retention, Cloud billing market is expected to grow significantly during the forecasted period. However, the transition from on-premises to cloud-based billing, dynamic technology and lack of awareness are few factors hindering the Cloud Billing Market growth. Americas region is expected to dominate the global cloud billing market with dominant market share, whereas the Asia-Pacific (APAC) region is expected to exhibit the highest growth rate over the next six years.

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Research Methodology

Firstly, the report provides a brief introduction of the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.

Market Dynamics

Next, the section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Cloud Billing. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

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Segmentation

Thirdly, Cloud Billing Market has been segmented on the basis of application, provider, organization size, industry vertical and geography as follows:

By Application
Account Management
Revenue Management
Customer Management
Others
By Organization Size
Small
Medium
Large
By Industry Vertical
BFSI
Education
Retail
Energy and Power
Government
Healthcare
Manufacturing
Media and Entertainment
Communication and Technology
Others
By Geography
Americas
North America
South America
Europe Middle East and Africa
Europe
The Middle East and Africa
Asia Pacific
Market Players

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Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section are Amazon Web Services, Computer Sciences Corporation (CSC), International Business Machines Corporation, NEC Corporation and Oracle Corporation among others

For more information or any query mail at sales@wiseguyreports.com

About Us

Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.

Contact Us:
Norah Trent
+1 646 845 9349 / +44 208 133 9349
Follow on LinkedInhttps://www.linkedin.com/company/wise-guy-research-consultants-pvt-ltd-?trk=biz-companies-cym

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