Cloud Billing Market Size, Share, Analysis, Global Research Report 2020- 2027

 

Cloud Billing Market

Cloud Billing Market was estimated at USD 2,517 Million in 2019 and is predicted to witness a CAGR of 16% over the forecast period, owing to the rising adoption of cloud computing. Cloud billing solutions offer safe services, cost advantages, scalability, and operational efficiency.

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Cloud billing solutions tracks third-party billing, reduces services costs and licensing costs, better mobility, extensibility, and enhanced customer relationships. As per the Software Alliance, the BSA, and a member of the International Intellectual Property Alliance, cloud computing is projected to witness 60 percent increase through 2020. This is likely to offer huge opportunities to the market. Growing demand for cloud and web-driven network software and solution, growing demand for converging billing solutions has propelled the market share. However, the huge installation cost and expensive maintenance might hamper the cloud billing market size.

By deployment, the public cloud is predicted to expand at a faster CAGR over the forecast period owing to its easy usage, lower initial investment, and easy availability over the internet.

By end-use industry, the retail segment is predicted to hold a larger share over the forecast period, owing to the rising sales of pay as you consumer services, expansion across e-commerce platforms, and rising digital platforms such as invoices and bills.

By region, Asia Pacific is forecast to witness a promising growth during the forecast period, due to the growing demand for cloud-based solutions among retail, healthcare, and telecommunication industries.

Prominent Cloud Billing companies in the market include SAP SE, Telefonaktiebolaget LM Ericsson, Zuora Inc., Microsoft Corporation, Oracle Corporation, Salesforce.com, Inc., Recurly, Inc., Jamcracker, Inc., BillingPlatform, and Aria Systems, Inc. among others.

Cloud Billing Market Segmentation:

Cloud Billing Market by Deployment

·         Public Cloud

·         Private Cloud

·         Hybrid Cloud

Cloud Billing Market by Component

·         Platform

·         Services

Cloud Billing Market by End-Use Industry

·         Retail

·         Power & Energy

·         Healthcare

·         Telecommunications

·         BFSI

·         Others

Cloud Billing Market by Region:

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

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