World Consumer Billing Management Software Market (6.61% CAGR) to 2021

ReportsnReports.com adds Global Consumer Billing Management Software Market 2017-2021 latest research report; the analysts forecast global consumer billing management software market to grow at a CAGR of 6.61% during the period 2017-2021.

March 27, 2017 /MarketersMedia/ —

The global consumer billing management software market analyst says one trend in market is increased adoption of next generation (NG) billing management solutions. The adoption of NG billing management solutions and its popularity in the telecom sector will increase during the forecast period. NG billing solutions offer a converged solution to end-users.

Complete report on consumer billing management software market spread across 70 pages, analyzing 7 major companies and providing 27 data exhibits are now available at http://www.reportsnreports.com/reports/929181-global-consumer-billing-management-software-market-2017-2021.html

Multiple add-on features are being deployed by telecom operators that use SaaS-based solutions. NG billing management solutions help capture key information about customers. They also offer standard features and functionalities such as transaction processing, offline and online charging, event handling, voucher management and billing cards, and roaming and balance management. This helps telecom operators improve the efficiency of their billing systems. These solutions equip billing products with enhanced features. NG billing solutions are a comprehensive and economical option for payment, network, and services.

The following companies are the key players in the global consumer billing management software market: Amdocs, EnergyCAP, Harris ERP, Healthpac, Huawei, Mckesson, and Oracle. Other prominent vendors in the market are: athenahealth, CareCloud, Cerillion Technologies, CSG International, Continental Utility Solutions, Dataman Computer Systems, Ericsson, Formula Telecom Solutions, Gentrack, Logics Solutions, LogNet Systems, LogiSense, National Information Solutions Cooperative, Netcracker, Redknee, and United Systems and Software. Order a copy of Global Consumer Billing Management Software Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=929181

According to the consumer billing management software market report, one driver in market is vendor's pricing strategies. Software vendors are adopting new customer-centric pricing strategies to sustain themselves in the market competition. CBM software vendors are adopting value-based pricing models that focus on customer demand and value perception. Software pricing and delivery are based on the vendor's ability to offer differentiating value of products for customers. The customer considers certain economic and market factors before adopting CBM software.

The consumer billing management software market factors are ROI, constrained IT budgets, and the ability to opt for free models. The ability to accommodate varying customer pricing preferences and budgets is imperative for vendors. Constrained IT budgets and overpriced software have compelled them to re-evaluate the software pricing and delivery models. Thus, vendors are offering term licensing, SaaS, and commercial open-source models to meet the changing customer demands. The varying price structures of CBM software will accelerate its adoption among industry verticals.

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Further, the report states that one challenge in market is threat from open-source CBM software. Open-source CBM software poses a serious threat to on-premises and cloud-based CBM software market. It can be downloaded and run on all platforms and is becoming increasingly popular in the developing economies such as India and China. Most of the small-scale enterprises in these economies cannot afford to invest in expensive on-premises and cloud-based CBM software. Hence, enterprises are adopting open-source solutions that do not require capital investment. Open-source solutions are a very economical option for organizations with limited resources and expertise. The increasing adoption of open-source CBM software is reducing the overall revenue generated in the global consumer billing management software market.

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Release ID: 180955