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Increasing Demand to Lower Operational and Capital Expenses in Organizations to Fuel Global Cloud Billing Industry

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Published on : Sep 21, 2016

ALBANY, New York, September 21, 2016: ResearchMoz.us has announced the addition of a new report, titled “Global Cloud Billing Industry 2016, Trends and Forecast Report” to its offering. The research methodology employed to forecast and estimate the cloud billing market starts by capturing data on the prime vendor revenue by the use of secondary research. The study encapsulates the new trends in the market with a special highlight of the business environment globally. A detailed assessment of the weaknesses, opportunities, threats, and strengths faced by the main vendors dominant in the market has also been presented.

The first part of this study highlights the definition and classification of cloud billing. This section also presents the industry chain structure analysis and the industry development overview. Cloud billing refers to a process that aids enterprises in generating bills by the application of predefined policies. The billing service module is defined by the authors by elaborating upon the functional needs such as quote service, payment schemes, etc. 

Cloud billing has redefined the conventional billing systems by blending them with cloud technology. Cloud billing solutions are scalable and flexible and are utilized to suit the increasing requirements of businesses, by enabling billing process streamlining and enhancing the levels of customer satisfaction. The benefits related to these solutions such as their cost-effectiveness and management of huge data volume in real-time will positively impact the development of the global cloud billing industry

In the next part of the study, the factors driving and restraining the development of the overall cloud billing industry have been detailed. The growing inclination toward improved billing operations and low capital expenses involved in cloud billing solutions are amongst the main factors stimulating the growth of the industry. 

In addition, the increasing preference of businesses for a service-oriented culture and the rising requirement to comply with the evolving business environments globally are expected to work in favor of cloud billing solutions. On the other hand, factors such as time consumption and increased maintenance of cloud billing solutions may negatively impact the development of the global cloud billing industry.

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Cloud billing solutions are employed in a number of industry verticals including public service and utilities, retail and wholesale, BFSI, telecommunication and IT, healthcare, transportation and logistics, media and entertainment, manufacturing, and education, among others. Moving further, the report elaborates upon the applications of cloud billing solutions. In terms of application, the market can be segmented into account management and customer management. By provider, the cloud billing industry can be categorized into network operators, communication service providers, and managed service providers. 

The report also studies the development of the global cloud billing industry in regions such as Europe, Asia, and North America and in countries such as China, Japan, Germany, and the U.S.

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