21 December 2018
– The Global Consumer
Billing Management Software Market is anticipated to rise at a
significant rate in the next couple of years owing to augmentation in the
applications and expansion of scope across the globe. Consumer Billing
Management Software can be defined as an adaptable billing management device
that handles and programs the demands as well as promoting practices for any
kind of business. It can be simply abbreviated as CBM software. It is said that
the software could be recurring-based, subscription, as well as a conventional
one-time payment model. In addition, it assists in the understanding of the
effective business processes by supporting the end users to firmly handle and
administer the customer account data comprising statements as well as bills.
The CBM software market is attaining huge recognition across various sectors
owing to burgeoning demands and prerequisites.
The key factors that are influencing the overall Consumer
Billing Management Software market growth in an optimistic manner may entail
increasing inclinations towards cloud-based CBM software, rise in the
industrialization, developing pharmaceutical and telecom sector, rapid
urbanization, rise in the awareness among the end users concerning its
efficiency, technological enhancements, developing nations, increasing
prerequisites, and emergence of huge companies.
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Moreover, the manufacturers are also taking up joint
ventures, partnerships as well as acquisitions as their major steps that is
ultimately contributing in the inorganic growth of the Consumer Billing
Management Software industry. Owing to all the above-mentioned factors, it has
been expected that the CBM software Market will register a healthy CAGR in the
forecast period. Consumer Billing Management Software market is classified by
type as On-premises, Cloud, and others. Among the types segmentation,
On-premises is leading the market, the reason being high data security as well
as customization properties of the segment.
Consumer Billing Management Software market is segmented by
application as Telecom sector, Utility sector, Pharmacy sector, and others.
Among all the end users, it has been found that the Telecom sector is lately
taking up a significant share in the market, the reasons being increasing
frequency of subscribers across the world, rise in the Internet employment
among the masses, and mounting approval of business mobility solutions across
the world. The market is segregated by geography as North America, Europe,
China, Japan, Southeast Asia, and India.
Geographically, North America is taking up the largest share
in the Consumer Billing Management Software market and it is estimated that the
region will continue holding the topmost position in the market until next few
years. The main factors boosting up the growth may include robust approval of
cloud-based products in large as well as medium-sized companies, rise in the
investments for CBM solutions, burgeoning applications related to digital
technology, and augmentation in the research and development activities.
The key players contributing in the development of the
Consumer Billing Management Software market are recognized as Harris ERP,
Healthpac, Huawei, CareCloud, Amdocs, EnergyCAP, Cerillion Technologies, Ericsson,
Formula Telecom Solutions, Gentrack, CSG International, Dataman Computer
Systems, Mckesson, and Oracle.
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Market Segment:
Market segment by
Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
Market segment by
Type, the product can be split into
• Cloud
• On-premises
Market segment by
Application, Consumer Billing Management Software can be split into
• Utility
• Pharmacy
• Telecom
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