DUBLIN--(BUSINESS WIRE)--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 period.
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 billable units.
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 transferring 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:
- Software as a Service (SaaS)
- Platform as a Service (PaaS)
- Infrastructure as a Service (IaaS)
- Direct to Customer (D2C)
- Small and Medium Businesses (SMB)
- Public Sector and Utilities
- Telecom, IT and Media
- Transportation and Logistics
- Account Management
- Revenue Management
- Customer Management
- Amazon Web Services (AWS)
- Aria Systems
- Bmc Software
- CGI Group
- Csg International
- NEC Corporation
For more information visit http://www.researchandmarkets.com/research/47vn7q/cloud_billing