The report "Cloud Billing Market by Type (Subscription Billing, Metered Billing), Providers (CSP, Telecom and Communication Provider, & MSP), Application (Customer, Revenue, & Account Management, Organization Size, Vertical, and Region - Global forecast to 2021", The cloud billing market size is estimated to grow from USD 5.68 Billion in 2016 to USD 16.59 Billion by 2021, at expected Compound Annual Growth Rate (CAGR) of 23.9% from 2016 to 2021. High demand for billing operations, centralized, and convergent billing solutions and the growing need to lower capital and operating expenditure is increasing the demand for cloud billing in the market.

Browse 64 market data Tables and 50 Figures spread through 151 Pages and in-depth TOC on "Cloud Billing Market by Type (Subscription Billing, Metered Billing), Providers (CSP, Telecom and Communication Provider, & MSP), Application (Customer, Revenue, & Account Management, Organization Size, Vertical, and Region - Global forecast to 2021"

http://www.marketsandmarkets.com/Market-Reports/cloud-billing-market-1022.html

Early buyers will receive 10% customization on this report.

“Cloud Service Billing is expected to grow at the highest CAGR during the forecast period”

Cloud service billing is expected to grow at the highest CAGR during the forecast period. Advancement in cloud technology has increased the customer base significantly in the billing market and raised the demand for cloud billing. Among the various types of cloud service billing, SaaS-based services are becoming more popular due to its capability to offer easy customization and innovative functionality.

“Customer Management is expected to gain prominent traction during the forecast period”

The cloud billing market is expected to grow at an impressive CAGR during the forecast period. Customer retention and customer feedback are the two most important factors companies are focusing on, thereby increasing the application of customer management in the cloud billing market. Moreover, cloud billing not only helps in retaining the customers but also delivers value by establishing healthy customer-provider relationship.

“Media & Entertainment and Telecommunication & ITES are expected to grow at the highest CAGR during the forecast period. “

The media and entertainment industry is witnessing a potential growth in the cloud billing market across regions owing to the increase in the adoption of digital channels. Moreover, the telecommunications and ITES sector has always been at the forefront while adopting cloud-based technologies to serve their customers better.

“APAC is expected to witness a high growth potential during the forecast period”

North America is expected to hold the largest market share in 2016 while APAC would be the fastest maturing in terms of CAGR. Factors such as top mandatory government regulations, increasing need to focus on customer relationship management, rising cloud-based solution are the major factors supporting the growth of cloud billing market in APAC.

The major service providers in the cloud billing market include Amazon Web Service, Inc. (U.S.) , CSC (U.S.), IBM Corporation (U.S.), NEC Corporation (Japan), Oracle Corporation (U.S.), Amdocs, Inc. (Israel), Aria System, Inc (U.S.)., CGI Group, Inc. (Canada), SAP SE (Germany), and Zuora, Inc. (U.S.)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: [email protected]
Visit Our Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets