[March 17, 2015]

TechNavio Says the Global Cloud Billing Services Market Will Gain Traction as Customers Demand More Cost-Effective Billing Solutions

The Global Cloud Billing Services Market is expected to grow at a CAGR of 27.61 percent from 2014-2019, thanks to heightened demand for improved billing operations, says research firm TechNavio.

Telecom service providers always look for new billing solutions to update old practices and offer additional customer services at reduced costs. Billing systems help telecom providers offer cost-effective, flexible, scalable and easy-to-deploy billing solutions.

“Service providers can also rely on record and payment processing history managed by billing systems to improve billing operations and offer improved services,” says Faisal Ghaus, Vice President of TechNavio.

The latest report by TechNavio emphasizes the fact that many small and medium-sized telecom operators are outsourcing their billing functions to third-party vendors. For SMEs, the primary reason for outsourcing is low cash liquidity and a deficiency in sizable working capital.

“As the implementation of billing software requires a large initial investment, small telecom operators find it advantageous to outsource to third-party vendors, as it enables enterprises to concentrate on their core business while reducing costs,” says Ghaus.

TechNavio currently has more than 3000 market research reports on a huge range of topics, including:

• Global Healthcare Cloud Computing Market 2015-2019
• Global Cloud based Video Conferencing Market 2015-2019

About TechNavio

TechNavio is a leading global technology research and advisory company.

Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at [email protected].

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