Zion Market Research, the market research group announced the analysis report titled "Cloud Billing Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 07/11/2017 -- Global Cloud Billing Market: Overview
A method where bills are generated from the resource data by using the set of policies that are predefined is called cloud billing. The bill that is generated can be either for real money or it can be for an exchange that is abstract, this depends on the cloud computing general policies. The cloud billing system provides the solutions for both non-digital and digital services. The servers of cloud computing providers provide cloud services to the users via the internet. The cloud service providers provide the services that are scalable to access applications, easy, and are fast.
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Global Cloud Billing Market: Segmentation
The cloud billing market is segmented globally into type, provider, application, organization size, and vertical. On the basis of type, the global market is segregated into subscription billing, cloud service billing, metered billing, provisioning, and others. Based on the provider, the market is categorized into telecom and communication service provider, cloud service provider, and managed service provider. On the basis of application, the cloud billing market is classified into customer management, account management, revenue management, and others. Depending on the organization size, the market is divided into large enterprise and small and medium enterprise (SME). Based on the verticals, the global market is segmented into telecommunications & ITES, healthcare and life sciences, public sector and utilities, media and entertainment, BFSI, retail, manufacturing, education, and others.
Global Cloud Billing Market: Growth Factors
To gain the competitive edge in the industry, business organizations are looking out for cost effective ways that will help them in improving their business. Cloud billing solutions are cost efficient as they help in reducing the cost of resources and the IT infrastructure, thus driving the demand for cloud billing system. The additional benefits that are provided by the cloud billing system include flexibility to upscale with the increase in customers, simplified operations along with accelerated performance, transparency in billing and charging processes, and virtualized workplaces. Owing to the flexibility provided by the cloud billing system there has been an increase in the opportunities across the different sectors, which is driving the demand of the cloud billing system. In order to sustain the competition in the market and to avoid the leakage of the revenue, there has to be a proper establishment of the cloud services.
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Global Cloud Billing Market: Regional Analysis
The cloud billing segment can be segmented geographically into regions such as North America, Asia-Pacific, Europe, and Rest of the World. The region that holds the largest market is the North America. Asia-Pacific region is the fastest maturing market. The factors that are attributing to the market growth in the Asia-Pacific region are the importance to focus on the customer relationship management, the mandatory regulations of the government, and the increasing cloud-based solution. Europe is also contributing a good share in the cloud billing market.
Global Cloud Billing Market: Competitive Players
The major market players in the cloud billing system include Amazon Web Service, Inc., IBM Corporation, Oracle Corporation, Aria System, Inc., SAP SE, CSC, NEC Corporation, Amdocs, Inc., CGI Group, Inc., and Zuora, Inc.
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