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SOURCE Research and Markets
DUBLIN, February 4, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/665wqk/cloud_billing) has announced the addition of the "Concise Analysis on the International Cloud Billing Market - Forecasts to 2018" report to their offering.
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Cloud billing solutions are experiencing a rapid adoption pace as they address the needs of changing business models. These solutions help to monetize the cloud services market and bring along the benefits of cloud technology. They are designed to be flexible and scalable to suit growing businesses and are focused on streamlining the billing process and improving customer satisfaction. Cloud billing solutions bring various benefits beyond cost effectiveness such as transparent rating and charging, large volume of data management in real-time, billing expertise and thus, better focus on core business.
Cloud billing solutions merge convergent billing solutions with cloud technology to deliver value to the customers through the billing systems. Cloud billing solutions help in reducing the large upfront costs as the real-time, multi-tenant billing systems are maintained by the vendor. The billing solutions for cloud services help in avoiding under and over-charging by supporting sophisticated rating, dynamic price plans and granular billing by extending support for variable billable units.
Cloud billing is a result of the evolution of cloud technology, thereby enabling automation of the billing function by addressing the intricacies related to the billing process. Though the regulatory and compliance standards confine the adoption of cloud billing solutions, businesses are gradually realizing the benefits of lean billing processes for customer retention. The global adoption scenario of cloud billing solutions across verticals for digital as well as non-digital services is an indication of optimistic growth as early adopters advocate the benefits of this service.
This report indicates an increasing uptake of cloud billing solutions across verticals as the investments to refine business agility grow. The adoption of these solutions is proliferating as enterprises are redesigning the business models with a customer centric approach. Cloud billing solutions are expected to gain traction with enterprises transferring their finances from on-premise to cloud billing solutions. It is expected that the cloud billing market will grow from $2.4 billion in 2013 to $9.58 billion in 2018, at a CAGR of 31.9% during the forecast period.
Key Topics Covered:
2 Executive Summary
3 Market Ecosystem And Dynamics
4 Cloud Billing: Market Size And Forecast For Billing Of Cloud Services
5 Cloud Billing: Market Size And Forecast For Billing Services On Cloud
6 Cloud Billing: Market Size And Forecast For Services
7 Cloud Billing: Market Size And Forecast For Regions
8 Cloud Billing: Market Analysis, Trends And Insights
9 Cloud Billing: Competitive Landscape
10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/665wqk/cloud_billing
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