Albany, NY -- (SBWire) -- 03/09/2017 --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.
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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.
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Telecom Cloud Billing Market Forecast by End-Use Industry 2017 - 2025
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.