Cloud Monetization Market — Pin-Point Analysis For Changing Competitive Dynamics

Posted by RASHMI on May 6th, 2019

Cloud monetization offers a revenue management system for digital service providers by delivering hosted services through the Internet with significant cost benefits and on-demand access to any service or resource in any volume. It is used to manage customer relationships, create customer accounts, charge for services, and analyze and collect revenue. Gemalto Inc. offers a Sentinel Cloud, a cloud-based licensing and enforcement solution, for cloud monetization. 

The global cloud monetization market is primarily driven by the increase in demand from enterprises for a single bill that includes all cloud services and cloud-specific service level agreements (SLAs). Additionally, expansion of managed and professional services for cloud monetization is expected to boost the demand for cloud monetization across the globe. Rise in focus on generating recurring revenue by enterprises is also driving the demand for cloud monetization across the globe.

Currently, increase in demand for secure, scalable, and reliable solution for cloud billing is anticipated to boost the demand for cloud monetization globally. Increase in demand for developing long customer relationship by enterprises is another key factor driving the global market. Cloud monetization reduces risk and time by providing simplified and easy-to-use cloud billing model.

This is boosting the demand for cloud object storage globally. Rise in demand for backup and recovery services is another key factor driving the demand for cloud monetization market across the globe. However, high cost of cloud billing model or subscription is estimated to hamper the demand for cloud monetization in the near future.

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