Research and Markets (http://www.researchandmarkets.com/research/47vn7q/cloud_billing)
has announced the addition of the "Global
Cloud Billing Market Forecasts & Opportunities, 2018"
report to their offering.
It is expected that the cloud billing market will grow from $2.4 billion
in 2013 to $9.58 billion in 2018, at a CAGR of 31.9% during the forecast
Cloud billing solutions merge convergent billing solutions with cloud
technology to deliver value to the customers through the billing
systems. Cloud billing solutions help in reducing the large upfront
costs as the real-time, multi-tenant billing systems are maintained by
the vendor. The billing solutions for cloud services help in avoiding
under and over-charging by supporting sophisticated rating, dynamic
price plans and granular billing by extending support for variable
This report indicates an increasing uptake of cloud billing solutions
across verticals as the investments to refine business agility grow. The
adoption of these solutions is proliferating as enterprises are
redesigning the business models with a customer centric approach. Cloud
billing solutions are expected to gain traction with enterprises
transfering their finances from on-premise to cloud billing solutions.
Cloud billing is a result of the evolution of cloud technology, thereby
enabling automation of the billing function by addressing the
intricacies related to the billing process. Though the regulatory and
compliance standards confine the adoption of cloud billing solutions,
businesses are gradually realizing the benefits of lean billing
processes for customer retention. The global adoption scenario of cloud
billing solutions across verticals for digital as well as non-digital
services is an indication of optimistic growth as early adopters
advocate the benefits of this service.
This research study categorizes the global market for cloud billing to
forecast the revenues and analyze the trends for billing of cloud
services and billing services on cloud in the following sub-markets:
For more information visit http://www.researchandmarkets.com/research/47vn7q/cloud_billing
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