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Cloud Billing Market by (Solution, Delivery, Users) Worth $9.58 Billion By 2018 – New Report by Marketsandmarkets
Date:8/26/2013

reasing Capex pressure, businesses adopting service oriented culture and offering consumer oriented services, the reporting feasibility the cloud billing solutions deliver and the market trend of employing cloud technology.

MarketsandMarkets broadly segments the cloud billing market for billing solutions for cloud services, by type of delivery: Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS); by type of deployment models: on-premise and hosted; by type of billing modes: embedded and direct to customer (D2C) and for the billing services on cloud the segmentation is by type of users: Small and Medium Businesses (SMB) and enterprises; by type of verticals: Banking, Financial Services and Insurance (BFSI), retail, public sector and utilities, telecommunication, information technology (IT) and media, healthcare, transportation and logistics and other sectors.

The cloud billing market is also segmented by type of services: account management, revenue management, customer management, integration and other services and by regions: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).

MarketsandMarkets believes that the need to increase business agility, along with cost control measures is playing a key role in embodying the cloud billing market. Though the adoption of these solutions is gradual due to concerns of loss of data and third party dependence, these solutions are expected to experience a tremendous growth, owing to the evolution of cloud and growing demand for automation of billing processes as a result of pricing intricacies. The assimilation of cloud billing solutions within the existing organizational framework will further amplify the growth of businesses by embedding best practices for consistency and accuracy of operations.

MarketsandMarkets forecasts the cloud billing market to grow from $2.4 billion in 2013 to $9.58 billion in
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Source: PRWeb
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