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Research and Markets: Global Cloud Billing Market 2015 Report With Forecasts to 2020Research and Markets (http://www.researchandmarkets.com/research/zdlvcx/cloud_billing) has announced the addition of the "Cloud Billing Market by Type (Embedded, Subscription, Metered, Convergent, Cloud Service Billing, Professional Services, and others), Service Provider (Cloud, Communication and Network Operator, and MSP) - Global Forecast (2015 - 2020)" report to their offering. Cloud billing redefines the traditional billing systems by blending it with cloud technology. Cloud billing solutions help organizations monetize the cloud services and bring along the benefits of cloud technology. These solutions are rated to be flexible and scalable, further suiting the growing needs of the businesses, focusing on streamlining the billing processes, and improving the customer satisfaction levels. One of the key benefits of cloud billing solutions is cost-effectiveness. There are many other benefits such as transparent rating and charging, management of large volume of data in real-time, and bringing in billing expertise. Overall, cloud billing allows the organizations to focus on their core businesses. The major drivers of the cloud billing market are the increasing demand for enhanced billing operations, lower capital and operational expenses, and centralization andconvergence. The cloud billing market faces challenges such as lack of security and legacy architecture. The major factors restraining the growth of the market are time consumption and higher on-going maintenance. Globally, cloud billing solutions and services are used by various industry verticals such as BFSI, retail and wholesale, public service and utilities, healthcare, telecommunication and IT, media and entertainment, transportation and logistics, and others, including education and manufacturing. Cloud billing adoption is increasing due to the growing need for managing billing systems across the regions. Major vendors that offer cloud billing solutions and services are Aria Systems, Zuora, NEC Corporation, and CGI (News - Alert) Group. These companies offer different types of cloud billing solutions and services such as embedded billing, subscription billing, metered billing, convergent billing, cloud services billing, and professional services. Key Topics Covered
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