Global Cloud Billing Services market to grow at a CAGR of 27.61 percent over the period 2014-2019.

Deerfield Beach, FL -- (SBWire) -- 08/25/2015 --Billing management systems enable telecom operators to effectively handle all tasks and processes related to financial transactions. It facilitates customer account operations and provides invoicing flexibility for multiple payment models, methods, and channels. It also supplies tools for personalization of billing services and customized invoice calculation. It also enables resolution of end-to-end billing-related disputes. With changes in technology, vendors are shifting toward customized platforms on the cloud. Cloud billing is the method of generating bills from restored data using billing policies. The cloud billing services caters to both functional and non-functional requirements. The functional requirements include policies, payment schedules, user IDs, and conversion functions. The non-functional requirements include security, scalability, and standards.

Global Cloud Billing Services market to grow at a CAGR of 27.61 percent over the period 2014-2019.

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Covered in this Report

This report covers the present scenario and the growth prospects of the Global Cloud Billing Services market for the period 2015-2019. To calculate the market size, the report considers revenue generated from sales of cloud billing services including subscription and update charges. Moreover, the revenue includes:

Billing services on cloud

Billing of cloud services

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It also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

Key Regions:
Americas
APAC
EMEA

Key Vendors:
Amdocs
CGI Group
Computer Science
Oracle

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Other Prominent Vendors:
Amazon Web Services
Aria Systems
BMC Software
Cerillion
Chargebee
Chargify
Cloudability
Comarch
IBM
NEC
Recurly
RedKnee
SAP
Vindicia
Zuora

Market Driver:
Demand for Enhanced Billing Operations
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Market Challenge:
Issues Related to Data Security
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Market Trend:
Outsourcing of Telecom Billing by Small and Medium-sized Telecom Operators
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