Placing into Perspective – Cloud Technology in Telecom Cloud Billing Market

Cloud computing being looked as a mainstream IT strategy is leading to growth in the global telecom cloud billing market. It is set to chart an impressive CAGR (Compound Annual Growth Rate) over the coming few years by bringing in important modifications in the landscape. This growth will translate into two major outcomes. One would be generation of lucrative opportunities that players would hustle to make the most of and, two is that it will lead to positive contribution towards market worth.

Seen as transformative in terms of improvements in billing concepts, it is actually a perfect solution to IT resources scalability (over the web) in terms of being a service.  It is the future of billing in terms of bringing to the table agility, flexibility and in times to come, it will be an affordable solution as compared to traditional options.

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The global telecom cloud billing market will be driven by businesses striving to give superior customer care service too. As they move towards a holistic customer service approach, bringing about seamless user experience, customer management will dominate the market landscape. It is primarily because for any business to be successful, it is required for it to retain consumers, while cutting costs associated with operations and administration.

And, as the world witnesses rise in subscription models and auto billings, the market would only see an upward growth trajectory over the coming years. It is attributable to the fact that IP based mobile technology helps addressing concerns related to costs and services better. Besides, there are the benefits of flexibility and reliability in billing operations.

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Adding to this upward slope are also factors like development in cloud technology and presence of a good number of service providers. Also, there is observed a rising number of mobile phone subscribers in the market.

Telecom Cloud Billing In-depth Assessment of the Market by 2025

Global Telecom Cloud Billing Market: Snapshot

The global telecom cloud billing market is projected to be a forward-looking breeding ground of lucrative prospects birthing from the advent of cloud computing as a mainstream IT strategy. Cloud computing is the new in telecom billing that catalyzes important modifications in traditional billing architectures. Anticipated to reshape conventional billing concepts, cloud computing enables the deliverance of highly scalable IT resources directly over the web as a service. Not many years from now, cloud computing could take the lead in becoming a self-governing billing model that is affordable, agile, flexible, and effective. The possibility of cloud computing becoming a vital technology distribution platform for billing systems is predicted to be on the cards.

Cloud service providers (CSP) could be immensely advantaged by customer management to manage every aspect of their customer relationship and deliver an unswerving user experience throughout the overall business system. As a result, the global telecom cloud billing market is prognosticated to witness the dominance of customer management as an application since it is considered to be the spine of any business process.

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Software as a service (SaaS) is prophesied to top the global telecom cloud billing market in terms of share for the next few years. SaaS facilitates the convergence of various billing systems such as postpaid and prepaid onto a single platform and CSPs to promptly support new services. Reduction of initial capital costs is one of the chief profits of implementing cloud-based SaaS operations. SaaS could be the ideal for bringing new services to market in a more economical way.

Global Telecom Cloud Billing Market: Overview

In the highly competitive telecom industry, wherein cost of products and quality of service are key to customer retention and successful business returns, ways of cutting operational and administration costs are always sought. In the past few years, the vast developments in the field of cloud computing have significantly helped the telecom industry in addressing cost and service quality related concerns, which were intensified due to the shift from landline telephones to IP-based mobile technology. With the rising adoption of subscription billing model to keep up with the changing dynamics of business transactions and consumer demands, the telecom industry is increasingly favoring cloud billing solutions for highly cost competitive, flexible, and reliable billing operations.

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This report on the global telecom cloud billing market presents a holistic account of the past and present growth dynamics of the market and its key segments. The study includes an analytical account of the key factors expected to have a notable impact on the overall development of the market over the period between 2017 and 2025. The report includes analysis of factors such as growth drivers, popular trends, opportunities, challenges, and regulatory liabilities surrounding the market. The report includes an in-depth analysis of the market across key regional markets and a country-level analysis for different segments covered.

Global Telecom Cloud Billing Market: Trends and Opportunities

The promise of lower operational and administrative costs, significant technological advancements in the cloud technology, a large number of cloud service providers across the globe, and the rising number of mobile subscribers are some of the key factors driving the increased demand for cloud billing solutions in the telecom industry. The demand for these solutions has seen a significant rise also owing to the increased subscriptions for bundled services across key regional markets. Although the market has excellent growth prospects over the forecast period, certain factors such as stringent telecom regulations in many established markets and the continued use of legacy systems in emerging economies are expected to restrain the growth of the market to a certain extent.

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Of the key regional markets for telecom cloud billing, the report states that the Asia Pacific market will lead to the most promising growth opportunities for the global market over the report’s forecast period. The thriving telecom industry of the region, which also boasts the largest number of people using smartphones, will allow growth opportunities to international as well as regional vendors.

Global Telecom Cloud Billing Market: Competitive Landscape

The report presents a detailed overview of the competitive landscape of the global cloud billing market, analyzing key players according to their historical roadmap, geographic presence, market position, competitors, and recent developments. The report presents a detailed analysis of the comparative strength of companies active in the telecom cloud billing market. Key business strategies adopted by these companies to stay ahead of the competition, recent developments, and their market positioning have been identified in the report. The report also includes a distinct representation of the competition in the market in terms of share of international and domestic/regional players.

Under the company profile section, the report includes a detailed overview of some of the leading vendors operating in the global telecom cloud billing market, the growth strategies adopted by them, revenue generated by them in the past few years, and their revenue for the relevant business segment. The report also includes a detailed market share analysis of the global telecom cloud billing market.

Some of the market’s leading players are Ericsson, Amdocs, Oracle Corporation, Redknee Solutions, Inc., Cerillion, AsiaInfo, Tech Mahindra, Huawei Technologies, Netcracker Technology, and Computer Science Corporation.

Telecom Cloud Billing Market Flourishing for Reduced Operation Costs they Offer

San Francisco, California, October 17, 2017: A fresh intelligence study by TMR Research has detected that the global Telecom Cloud Billing Market is healthy, and that the demand will continue to increment at a notable CAGR throughout the forecast period of 2017 to 2025, primarily driven by the ubiquity of smartphones, both in developed as well as emerging economies. The report, developed by a group of professional market research analysts, aims to act as a business document for its targeted audiences such as telecom cloud billing vendors, content providers, network operators, communication service providers, mobile virtual network operators (MVNOs), mobile virtual network enablers (MVNEs), telecom operators, system integrators, and telecom equipment providers. The report presents analysis of all market dynamics including drivers, restraints, trends, and opportunities, segments it into small aspects, gauges the potential of various important regions and countries, and overviews the business and strategies of some of the key companies currently operating in the global telecom cloud billing market.

The report attributes a number a factors for the prosperity of the telecom cloud billing market, such as advancement and increase in the adoption of cloud-based technologies as they securely enable transactions at any point of time, reduced operational and administration cost that ultimately leads to profits for the vendors, increasing penetration of mobile phones with various end-users using more than one connection, and growing need for real-time billing.

The providers of cloud services have come a long way towards managing customers in every aspect of their relationship with the company and delivers satisfactory user experience in the overall business infrastructure. Consequently, the global telecom cloud billing market is anticipated to experience the strong demand for customer management as an application since it is considered to be the spine of any business process. In addition to that, software as a service (SaaS) is expected lead the global telecom cloud billing market on the basis of overall shares over the course of the forecast period. SaaS enables the integration of various billing systems, including prepaid and postpaid, on a single platform, helping cloud service providers to punctually support new services.

While telecom regulations that frequently change in various emerging economies and the dominance of legacy systems will continue to obstruct the prosperity, the vendors of the telecom cloud billing market will continue to gain new opportunities from the increasing demand for data and Vas services.

Application-wise, the global telecom cloud billing market can be segmented into customer management, revenue management, and account management, whereas on the basis of type of billing, the market can be bifurcated into postpaid, prepaid, convergent, roaming, interconnect, and others such as direct to consumer and metered. Currently, convergent billing segment is mostly preferred by the telecom operators, as they need to provide combined offerings for their services that are used by both kinds of users equally, although postpaid customers are considered more reliable with consistent revenue generation. Telecommunication operators diversefy with a range of services such as data, voice, VOIP, IPTV, postpaid, and prepaid services, which can all have different payment models. Allowing the customers to select is a great help for the operator.

SaaS, IaaS, and PaaS can be the categories of cloud platform, whereas deployment can be hybrid, private, or public. Geographically, the report takes stock of the potential of telecom cloud billing market in every important region and country, such as North America including the U.S. and Canada, Europe including France, Germany, and the U.K., and Asia Pacific including China, India, Japan, Malaysia, Thailand, and South Korea.

Some of the prominent companies currently operating in the global telecom cloud billing market are Oracle Corporation, Amdocs, Netcracker Technology, Ericsson, Redknee Solutions, Inc., AsiaInfo, Cerillion, Tech Mahindra, Huawei Technologies, and Computer Science Corporation.

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