Telecom Cloud Billing Market trends research and projections for 2017-2024

Statistics of Telecom Cloud Billing Market covering market size, industry share numbers, regional outlook, competitive landscape with data about leading companies is now available in the latest report by Global Market Insights, Inc.

Telecom Cloud Billing Market size is anticipated to witness several growth opportunities over the forecast time span owing to the growing demand for bundled billing solutions, low billing costs, and rise in mobile infiltration. The major share in the industry is led by prepaid customers with over 80% of the GSM users utilizing the cloud billing systems across the globe.

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.

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The growing demand for the upgrading of a large number of legacy telecom systems formerly installed is offering ample growth opportunities for telecom cloud billing market. Furthermore, operators are shifting toward online billing transactions for the development of bills and expense receipts, which is anticipated to propel the industry demand over the forecast time span. The rise in the usage of data services offered by telecom providers has created a strong need for billing systems. Rising growth in Operation Support Systems’ (OSS) and Business Support Systems’ (BSS) solutions, is helping in supporting a large customer base for online billing transactions.

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.

Telecom cloud billing market has excellent growth opportunities over the forecast timeline; however, factors, such as the continued use of legacy systems and stringent telecom regulations in well-established markets, are anticipated to hinder the growth. The presence of countries such as China and India with their constantly changing competitive & regulatory landscape and large subscriber base has increased the demand for revenue and billing management solutions.

Telecom cloud billing market based on services can be segmented into customer management, account management, and revenue management. The customer management segment is anticipated to grow at a significant rate as the services are allowing Cloud Service Providers (CSPs) to provide a steady client experience and are managing the relationship with the clients, which is anticipated to provide several growth opportunities.

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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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.

This latest Telecom Cloud Billing Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Telecom Cloud Billing from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

• Global Telecom Cloud Billing Market size & forecast by product & application.

• Growth drivers, pitfalls & industry challenges.

• Key Telecom Cloud Billing Market growth opportunities & emerging business models.

• Competitive benchmarking with market share analysis and company profiles.

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.

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Infrastructure as a Service Market trends research and projections for 2017-2024

Infrastructure as a Service industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.

IAAS Market size is anticipated to witness growth over the forecast timeline, owing to the high demand for safety and storage of business data across BFSI, IT and Telecom sectors. Integration of technologically advanced solutions coupled with growing demand in enterprises may significantly propel growth of the IaaS market.

Growing need for high speed interaction between various networks, fast access to data, running real time queries may cater to the growth of IaaS market. Moreover, the growing volume of business and financial data is creating the demand for wide adoption of IaaS by organizations.

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High price of the software and the network complexity concerns needs to be addressed. Moreover, lack of awareness about the technology may curb the IaaS market growth. Factors such as dependency on a single network of servers may prove to be risky in crucial times. Moreover, to protect confidential information of business entities against any misdemeanors, strong encryption techniques must be implemented.

Stringent regulatory compliances might hinder the IaaS market growth. For instance, the EU Data protection act seeks to keep personal information with the European union. Furthermore, multi tenancy and de-provisioning might pose challenges such as violation of protocol, compromising data with other business entities along with growing complexity in the password authentication methods.

Based on deployment, the global IaaS market can be segmented into public, private and hybrid cloud services. Growing popularity of public cloud services from small and medium businesses owing to the high operational efficiency offered by these services followed by low set-up cost is expected to propel the industry demand over the forecast timeline. For instance, IBM Blue Cloud, based on open standards and open source software enable data centers to operate as internet allowing computing across accessible and distributed resources worldwide.

Private cloud services are developed by enterprises for their internal use for the purpose of storage and regulation of sensitive data. In addition, private cloud services have a high growth rate owing to its flexibility and scalability and resource sharing advantages among large number of networks. For instance, Pearson established private cloud network to transform the way it delivers education worldwide.

Hybrid Cloud market is anticipated to grow at a significant rate in the IaaS market owing to its widescale applications and providing integrated services utilizing both private and public cloud computing services in the same organization. Having access to hybrid cloud, enterprises will have the capability to perform fast data exchange, with increased security features. Moreover, the technology can perform quick data processing securely, sharing of huge amount of data over the cloud network which will augment the IaaS market growth. Moreover, it also helps organizations in lowering the overhead costs. Architectural flexibility of hybrid cloud technology helps enterprises in organizing the workload in an efficient manner. Moreover, quick recovery of data is one of the attractive features contributing to the growing industry size.

Based on services, the IaaS market can be segmented into Disaster recovery as a Service(DraaS), Communication as a Service(CaaS), Database as a Service(DbaaS). DraaS is anticipated to witness high growth owing to its capability to replicate virtual servers by a third party to recover data in an event of natural data failure and any security breach.

By end use, the IaaS market can be segmented into small, medium and large enterprises. Furthermore, the segments can be classified into various industries such as banking financial and insurance sector (BFSI), IT, Telecom, Hospitality, Healthcare, Manufacturing. IT &Telecom and BFSI industry are anticipated to dominate the industry in a view to the rising demand for virtualization of data center and efficient data management. SMBs owing to its cost efficiency and operationally efficient services.

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Presence of huge IT infrastructure in the U.S may drive the demand for IaaS market growth. Technological advancements and innovations in cloud computing is expected to contribute to the regional growth. Economies such as India, China, North Korea in the Asia Pacific region is anticipated to witness high growth in IaaS market owing to the integration of increasing internet accessibility with various technological advancements in the wireless technology. In Latin American IaaS market growth is characterized by increasing demand for infrastructure virtualization, various cloud based solutions and efficient data management.

IaaS market is very competitive owing to the presence of many industry participants. Industry players include Amazon, IBM, Google, CSC Corp., Microsoft and Rackspace. Amazon Elastic Compute Cloud (EC2) finds its use in accessing servers, software’s, storage devices. Moreover, elastic load balancing is one of the attractive features owing to distributing traffic in multiple instances. Other notable players in the IaaS market are.

This latest Infrastructure as a Service Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Infrastructure as a Service industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Reasons to Buy This Report

  • Global Infrastructure as a Service Market size & forecast by product & application.
  • Growth drivers, pitfalls & industry challenges.
  • Key Infrastructure as a Service Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

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.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: sales@gminsights.com

Web: https://www.gminsights.com

Blog: https://gminsights.wordpress.com

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