What is Telecom Cloud Billing Market?
Telecom cloud billing is the process of generating bills from resource usage data using a set of predefined billing policies. It provides the enterprise greater on-demand scalability to act and react to market opportunities such as the ability to scale up or down as needed without costly investments into additional infrastructure and resources.
The market study is being classified, by Application (Transportation, Government, Media and Entertainment, Healthcare, BFSI, Retail and Other) and major geographies with country level break-up.
Amdocs (United States), Oracle Corporation (United States), CGI Group, Inc. (Canada), Ericsson (Sweden), Netcracker Technology (United Kingdom), Cerillion (United Kingdom), AsiaInfo (China), Computer Science Corporation (United States), Redknee Solutions, Inc. (United States), Huawei Technologies (China) and Tech Mahindra (India) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Telecom Cloud Billing market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Telecom Cloud Billing market by Type, Application and Region.
On the basis of geography, the market of Telecom Cloud Billing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand for Bundled Services
- Lower Operational and Administration Cost
- Increased Transparency of Leading Cloud Providers
Market Trend
- Increase in the Adoption of Cloud-based Technologies
Restraints
- Continued use of Legacy Systems
Opportunities
- Rising growth in Operation Support Systems’ (OSS) and Business Support Systems’ (BSS) solutions
- Increasing Demand for Data and Vas Services
Challenges
- Stringent Government Rules and Regulations
Key Target Audience
Telecom Cloud Billing Service Providers, Research Professionals, Emerging Companies and End-users