Global Cloud Billing Market

Posted by geeta narwade on November 18th, 2019

Global Cloud Billing Market is expected to reach US$ 16.55 Bn by 2026 at a CAGR of 23.7% during the forecast period. Cloud billing market is a technology that generates bills from resource usage data using a set of predefined billing policies.

High demand for centralized and convergent billing solutions, billing operations, and the need to lower operating and capital expenditure are some of the factors expected to drive the cloud billing market during the forecast period. The transition from on-premises to cloud-based billing, continuously changing technology, and lack of awareness are some of the restraining factors would hinder the growth of the cloud billing market.

Cloud billing market is segmented by type, provider, application, organization size, industry vertical and region. While using types, cloud service billing segment is classified into Subscription Billing, Metered Billing, Cloud Service Billing, Provisioning and Others. Among these, the cloud service billing market is expected to reach at the highest CAGR during the forecast period, as the demand for cloud billing market has raised and advancement in cloud technology has increased the customer base significantly in the billing market.

Based on application, the Customer Management is likely to reach at the highest CAGR during the forecast period, as companies are focusing on customer retention and customer feedback and looking for ways to enhance their customer experience.

Among verticals, Media and Entertainment vertical is likely to grow at the highest CAGR during the forecast period, due to a rise in the need for adoption of digital channels. Furthermore, the telecommunications and ITES sector is likely to grow at an impressive CAGR in future, as this sector is at the forefront while adopting cloud-based technologies.

Based on regions, cloud billing market is classified into North America, Asia Pacific, Europe, Latin America and the Middle East and Africa. Among these, North America is expected to have a larger cloud billing market share during the forecast period, owing to a rise in adoption of cloud-based technology. However, APAC is one of the fastest growing region in terms of CAGR for cloud billing market, owing to the rise in a cloud-based solution, increase in need to focus on customer relationship management.

Key Players Profiled and Analysed in the Report

CGI Group Inc, Amdocs Inc, Oracle Corporation, Chargebee, Aria Systems, Inc., Talligent, Cloudability, Utilibill, SAP SE etc.

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Scope of the Cloud Billing Market

Cloud Billing Market by Type

• Subscription Billing
• Metered Billing
• Cloud Service Billing
• Provisioning
• Others

Cloud Billing Market by Provider

• Cloud Service Provider
• Telecom and Communication Service Provider
• Managed Service Provider

Cloud Billing Market by Application

• Account Management
• Revenue Management
• Customer Management
• Others

Cloud Billing Market by Organization Size

• Small and Medium Enterprise (SME)
• Large enterprise

Cloud Billing Market by Industry Vertical

• BFSI
• Telecommunications & ITES
• Retail
• Healthcare and life sciences
• Manufacturing
• Public sector and Utilities
• Education
• Media and Entertainment
• Others

Cloud Billing Market by Region

• North America
• Europe
• Middle East and Africa (MEA)
• Asia-Pacific (APAC)
• Latin America

Key Players of Cloud Billing Market

Zuora Inc.

Computer Sciences Corporation

NEC Corporation

Amazon Web Services, Inc.

International Business Machines Corporation

CGI Group Inc

Amdocs Inc

Oracle Corporation

Chargebee

Aria Systems, Inc.

Talligent

Cloudability

Utilibill

SAP SE

Ericsson

Netcracker Technology

Huawei Technologies

Cerillion PLC

Tech Mahindra Limited

Redknee Solutions Inc.

Asiainfo, Inc. 

 This Report Is Submitted By : Maximize Market Research Company

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