Cloud Billing Market worth 16.59 Billion USD by 2021

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MarketsandMarkets Presents
Cloud Billing Market worth 16.59 Billion
USD by 2021 .http//www.marketsandmarkets.com/Mar
ket-Reports/telecom-cloud-billing-market-163676005
.html
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The 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 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.
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Browse 64 market data Tables and 50 Figures
spread through 151 Pages and in-depth TOC
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 http//www.mark
etsandmarkets.com/Market-Reports/cloud-billing-mar
ket-1022.html Early buyers will receive 10
customization on this report.
 
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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.
 
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Cloud Billing Market Breakdown of Primary
Profiles 

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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.

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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.

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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. 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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Cloud Billing Market By Region, 2021 (USD
Million)

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