Cloud computing has revolutionized the way in which we live our daily lives. One of the lesser-known applications for the technology is billing, which is explored in the following reports.
When a company needs to bill a customer, it has one of several options: it can send a paper invoice, send a digital invoice via traditional systems, or leverage the power of the cloud. The latter, known as cloud billing, offers several unique benefits. Cloud-based billing solutions are easily accessible to all customers, regardless of their location or status. And being that it's hosted on the cloud, data is automatically backed up.
The Global Cloud Billing Market Research 2016 report by ReportsNReports is a comprehensive study of the global cloud billing market. Spread across 107 pages and profiling 10 leading companies, it covers the market from all angles.
The Amazon Web Services Inc, Computer Sciences Corporation, International Business Machines Corporation, NEC Corporation Oracle Corporation, Amdocs, Aria Systems, CGI Group, SAP SE, Zuora Inc and Key Innovators.
According to 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 by Markets and Markets, the global telecom cloud billing market is expected to grow at a compound annual growth rate (CAGR) of 27% through the forecast period to reach $8.22 billion. Featuring 160 professionally researched and written pages, along with 75 market table tables and 59 figures, it's a comprehensive study of the telecom cloud billing market. The report cites market drivers as being lower operational costs, lower administration costs, advancements in cloud technology, greater adoption of cloud technology, increasing usage of mobile devices in conjunction with the technology, a growing number of subscribers, a growing need for real-time billing, and increased demand for bundled services. With so many forces driving the market, it's no wonder why researchers predict such strong growth for the cloud billing market.
The report goes on to cite convergent billing as accounting for the largest share of the telecom cloud billing market. Researchers believe this segment is expected to grow the fastest because telecom operators want to provide combined services to their customers, including IPTV, voice, data, prepaid, post-paid and more.
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