The telecom cloud billing comprises of a wide array of activities which ranges from the process of usage tracking for voice and data, levying charges upon respective tariffs, generating invoices to the customers among others through the various cloud based solutions on public, private, or hybrid deployment. The need for real-time billing and increased demand for bundled services are some of the drivers fuelling the growth of this market.
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The Global Telecom Cloud Billing Market accounted for USD 2.3 billion in 2016 growing at a CAGR of 26.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major Market Drivers & Restraints:
- Lower Operational and Administration Cost
- Need for Real-Time Billing
- Increased Demand for Bundled Services
- Increasing Mobile Penetration
- Telecom Regulations
- Legacy Systems
Major Market Competitors:
Some of the major players of the global telecom cloud billing market are Oracle, Huawei Technologies Co., Ltd., Netcracker Technology, Cerillion PLC, Redknee Inc., CGI Group Inc., Ericsson AB, AMDOCS, AsiaInfo, Inc., Tech Mahindra Limitedamong others.
On the basis of billing
On the basis of application
- Revenue Management
- Account Management
- Customer Management
On the basis of cloud platform
- Software As A Service
- Infrastructure As A Service
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On the basis of deployment
On the basis of rate of charging mode
- Subscription Based
- Usage Based
On the basis of service
On the basis of end user
On the basis of geography, global telecom cloud billing market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
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Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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