DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Telecom Cloud Billing Market by Type of Billing (Convergent, Prepaid, Postpaid, Interconnect), Cloud Platform, Deployment, End User, Service, Rate of Charging Mode, and Region - Global Forecast to 2021" report to their offering.
The telecom cloud billing market size is estimated to grow from USD 2.49 billion in 2016 to USD 8.22 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.0% from 2016 to 2021
Lower operational & administration cost, advancement & increase in adoption of cloud-based technologies, increasing mobile penetration and high subscriber growth, need for real-time billing, and increased demand for bundled services are some of the driving forces in the telecom cloud billing market. Telecom regulations across the globe and usage of legacy systems would be the restraining factors for the telecom cloud billing market.
The customer management application is expected to hold the largest market share during the forecast period. It is the backbone of any business process and encompasses many functionalities such as customer-interface management, order management, product catalogue, customer service offering, subscriber self-care management, sales & marketing, rate plans and rating, discounting, invoicing, problem handling, auditing, and security.
Among cloud platforms, SaaS platform is expected to dominate the telecom cloud billing market and hold the largest market share. SaaS model allows CSPs to quickly support new services and also enables the converging of multiple billing systems like prepaid and postpaid onto a single platform. It brings new services to market more economically without installing the entire infrastructure and to support it. One of the major benefits of adopting cloud-based SaaS operations is reduced initial capital costs.
The various key vendors profiled in the report are as follows:
- Amdocs (U.S.)
- Oracle Corporation (U.S.)
- CGI Group, Inc. (Canada)
- Ericsson (Sweden)
- Netcracker Technology (U.K.)
- Cerillion (U.K.)
- AsiaInfo (China)
- Computer Science Corporation (U.S.)
- Redknee Solutions, Inc. (U.S.)
- Huawei Technologies (China)
- Tech Mahindra (India)
For more information about this report visit http://www.researchandmarkets.com/research/69bfk4/telecom_cloud