Global Cloud Billing Market is accounted for $2.55 billion in 2019 and is expected to reach $9.39 billion by 2027 growing at a CAGR of 17.7% during the forecast period. Increasing revenue leakages across industries, emergence of real-time billing, and need for lower operating expense (OPEX) and capital expenditures (CAPEX) are the major factors propelling the market growth.
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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the increasing investments in cloud-based technology from China, India, and other emerging economies to save costs and make business process efficient. Additionally, the growing implementation of cloud billing among small scale organizations and increasing awareness benefits associated with cloud-based billing solutions in the region will supplement the market growth in this region during the forecast period.
Some of the key players profiled in the Cloud Billing Market include AppDirect, Amazon Web Services (AWS), Aria System, Cerillion, CGI, Chargebee, Chargify, Cloud Assert, ConnectWise, Jamcracker, Oracle, Recurly, Salesforce, SAP, Zoho, and Zuora.
Components Covered in Cloud Billing Market
• Services
• Solutions
Service Models Covered:
• Infrastructure as a Service (IaaS)
• Platform as a Service (PaaS)
• Software as a Service (SaaS)
Organization Sizes Covered:
• Large Enterprises
• Small and Medium-sized Enterprises (SMEs)
Billing Types Covered:
• Cloud Service Billing
• Convergent Billing
• Metered Billing
• One-Time
• Provisioning
• Subscription
• Usage Based
Deployment Types Covered:
• Private Cloud
• Public Cloud
• Hybrid Cloud
Applications Covered:
• Account Management
• Customer Management
• Revenue Management
End Users Covered:
• Banking, Financial Services and Insurance (BFSI)
• Consumer Goods & Retail
• Education
• Healthcare and Life Sciences
• Information Technology (IT)
• Manufacturing
• Media & Entertainment
• Public Sector and Utilities
• Telecommunications
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