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Technavio’s market research report predicts that the global consumer billing management (CBM) software market will grow at a CAGR of nearly 7% during the forecast period. The increased adoption of cloud-based CBM software is one of the primary drivers of the market growth. Features like cost-effectiveness, pay-per-use option, limited maintenance costs, limited hardware infrastructure, the omission of licensing costs, and much more increase the adoption of cloud-based CBM software. Moreover, the cloud-based model also assists organizations to access data and services remotely through web browsers without the need for an application software. Additionally, recent technological developments and the requirement for automated billing processes will propel the growth for cloud-based CBM software in the future.
In terms of geography, the Americas dominated the global CBM software market during 2016. Factors, like rising implementation of digital technology and increasing investments in CBM solutions in the region drive the growth of the market. Moreover, factors like the increasing adoption of cloud-based CBM software in SMEs and huge enterprises will positively influence the consumer billing management software industry size.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Economic overview
PART 06: Market assumptions
PART 07: Market landscape
PART 08: Market segmentation by deployment
PART 09: Market segmentation by end-user
PART 10: Geographical segmentation
PART 11: Buying criteria
PART 12: Decision framework
PART 13: Drivers and challenges
PART 14: Market trends
PART 15: Five forces model
PART 16: Vendor landscape
PART 17: Key vendor analysis
PART 18: Appendix
Tags: invoice software, billing software, enterprise software, online security, enterprise application industry analysis, enterprise application market research,
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