Lewes, DE -- (SBWIRE) -- 03/30/2015 -- Report forecast the Global Cloud Billing Services market to grow at a CAGR of 27.61 percent over the period 2014-2019.

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.

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

According to the report, one of the key drivers of the market's growth is the high demand for improved billing operations. Cloud-based billing services improve billing operations by describing the pattern of purchasing, thus enhancing customer experience. Also, the growing need to streamline the billing process and to make it easy for operators to understand and track data requires the implementation of cloud-based billing services.

Further, the report states that with advances in technology and growing volumes of structured and unstructured data, there has been a rise in data security issues. These data include the personal data of customers, which need to be protected from third parties.

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 players in the Global Cloud Billing Services Market: Amdocs Inc., CGI Group Inc., Computer Sciences Corp. (CSC) and Oracle Corp.

Other Prominent Vendors in the market are: Amazon Web Services, Aria Systems, BMC Software, Cerillion, ChargeBee, Chargify, Cloudability, Comarch, IBM, NEC, Recurly, Redknee, SAP, Vindicia and Zuora

Key Regions
- Americas
- APAC
- EMEA

Market Driver
- Demand for Enhanced Billing Operations
- For a full, detailed list, view our report

Market Challenge
- Issues Related to Data Security
- For a full, detailed list, view our report

Market Trend
- Outsourcing of Telecom Billing by Small and Medium-sized Telecom Operators
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 81 pages and 31 Exhibits "Global Cloud Billing Services Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Description, Market Landscape, Market Segmentation by Application, Market Segmentation by Technology, Market Segmentation by End-user, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-cloud-billing-services-market-2015-2019

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