Telecom Cloud Billing Market Worth $8.22 Billion by 2021

According to a new market research report “Telecom Cloud Billing Market by Type of Billing (Convergent, Prepaid, Postpaid, Interconnect), Cloud Platform, Deployment, End User, Service, Rate of Charging Mode, and Region – Global Forecast to 2021″, published by MarketsandMarkets, the market size is estimated to grow from USD 2.49 Billion in 2016 to USD 8.22 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.0% from 2016 to 2021.

Among applications, the customer management application segment is expected to grow at the highest rate in the Telecom Cloud Billing Market during the forecast period. Customer management is the backbone of any business process. Customer management encompasses much functionality such as customer-interface management, order management, product catalogue, customer service offering, subscriber self-care management, sales & marketing, rate plans and rating, discounting, invoicing, problem handling, auditing, and security. Customer management enables Cloud Service Providers (CSPs) to deliver a consistent user experience across the overall business system and to manage all aspects of their relationship with the customers.

The major vendors in the Telecom Cloud Billing Market are Amdocs (U.S.), Oracle Corporation (U.S.), CGI Group, Inc. (Canada), Ericsson (Sweden), Netcracker Technology (U.K.), Cerillion (U.K), AsiaInfo (China), Computer Science Corporation (U.S.), Redknee Solutions, Inc. (U.S.), Huawei Technologies (China), and Tech Mahindra (India).

Read the full release at marketsandmarketsblog.com