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Telecom Cloud Billing Market to Showcase Continued Growth in the Coming Years

Author : Ronak Bora | Published Date : 2019-04-08 

Global Market Insights, Inc. present the report on Telecom Cloud Billing Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2017-2024.

By platform, telecom cloud billing market can be bifurcated into IaaS, PaaS, and SaaS. The SaaS platform is anticipated to lead the industry share as the platform allows service providers to speedily support new clients and also enable the congregating of postpaid and prepaid billing systems into a single platform. SaaS platforms in the telecom cloud billing market are an ideal way for offering new services to the telecom market in an economical manner.

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The rising focus of telecom providers to offer multiple & bundled services due to the rising demand across the prepaid customer segment is further anticipated to drive the telecom cloud billing market growth. Rising competition in the industry has encouraged the operators to offer several Value-Added Services (VAS) such as prepaid, postpaid, data, voice, Internet Protocol Television (IPTV), and Voice Over Internet Protocol (VOIP) with various payment methods.

In the exceedingly competitive telecom industry, the quality of service and cost of products are key factors for high business returns and customer retention. The competition is also driving the industry players to embrace telecom billing software thereby impacting telecom cloud billing market growth. Moreover, players are always trying to seek ways for lowering administration and operational costs.

Over the years, advancements in cloud computing have helped the telecom industry in addressing the service quality and cost-related issues, which were strengthened owing to the shift toward IP-based mobile technology from landline telephones. With the growing adoption of subscription-based billing models, the telecom industry is gradually favoring cloud billing solutions for highly flexible, cost competitive, and reliable billing operations. These factors are anticipated to provide an impetus to the telecom cloud billing market.

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Asia Pacific telecom cloud billing market is anticipated to grow at a high rate over the coming years owing to the burgeoning population in China and India, which is leading to a vast customer base. Moreover, factors, such as demonetization, growing internet usage among users, and economic developments in several countries, are contributing to the regional growth. Increasing penetration of smart devices is projected to drive telecom cloud billing market. In India, telecom operators provide flexible rate plans and flexible services due to the growing competition.

Key players operating in telecom cloud billing market include Computer Science Corporation, Amdocs, CGI Group, Aria Systems, Oracle Corporation, Redknee Solutions, Inc., Netcracker Technology, Ericsson, Cerillion, Chargify, Cloudability, Asia Info, Huawei Technologies, and Tech Mahindra.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/telecom-cloud-billing-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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