Cloud Billing Industry Strategic Assessment, Research, Size and Share

Posted by Sakshi Mishra on March 26th, 2021

Market Synopsis

Market Research Future (MRFR) studies different forces that can promote the global cloud billing market 2020 across the review period. The cloud billing market expansion can be attributed to the high infiltration of cloud solutions in different sectors. MRFR analysed the impact of COVID 19 on the cloud billing market. The assessment is offered with the report. The cloud billing market is expected to rise at 25% CAGR in the forecast period 2017 to 2023. The cloud billing market is expected to value at USD 20 billion by the end of the analysis period. 

The ease of cloud-based billing services deployment in different levels of organization can promote the expansion of the billing market across the analysis period. The flexible pricing and on-demand scalability advantage of these players can promote the expansion of the cloud billing market in the forecast period. Rise in technological developments in the cloud can improve the impetus of the cloud billing global market across the study period.

Market Segmentation

The segment assessment of the global cloud billing market is done by organization size, deployment, providers, type, application, and end-users. 

The type based segments of the cloud billing market are cloud service billing, subscription billing, provisioning, metered billing, and others. 

The application based segments of the cloud billing market are revenue management, account management, and customer management among others. 

The deployment based segments of the cloud billing market are hybrid cloud, public cloud, and private cloud. 

The providers based segments of the cloud billing market are communication service providers, managed service providers, and network operators among others. 

The organization size based segments of the cloud billing market are SME and large enterprises. 

The end-users based segments of the cloud billing market are logistics, BFSI, media & entertainment, retail, manufacturing, and education among others.

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Regional Analysis

The expansion of the global cloud billing market across North America is likely due to the increase in the demand for cloud driven solutions across multiple enterprises. EU and Asia Pacific and rest of the world. In North America, the expansion of the cloud billing market can be attributed to the pressing demand for cloud technology by the tech savvy populace of the region. The spreading awareness about benefits of cloud billing can prompt the expansion of the cloud billing market in the years to come. In Europe, the expansion of the cloud billing market can be attributed to the expansion of the IT sector and surge in the adoption of cloud billing in the region. The availability of low cost solution for deployment of cloud solutions and exercising high flexibility and convenience in billing procedures can support the rise of the market in the years to come. In Asia Pacific, the rise in the need for robust technical solutions and increase in popularity of cloud services and solutions can spur the rise of the cloud billing market through the analysis period. The high adoption of cloud-based billing services across government sectors in rising economies can add to the momentum of the cloud billing market in the analysis period. 

Key Players 

Redknee (Canada), IBM Corporation (U.S.), Zuora Inc. (U.S.), Amdocs (U.S.), Chargebee (U.S.), CGI Group Inc. (Canada), SAP SE (Germany), Zuora (U.S.), NEC Corporation (Japan), Amazon Web Services, Inc. (U.S.), Oracle Corporation (U.S.), BMC Software (U.S.), Metratech (U.S.), Aria Systems, Inc. (U.S.), Computer Sciences Corporation (CSC) (U.S.), Cloudability (U.S.), Interworks (U.S.), Utilibill (Australia), Verizon Wireless (U.S.), Comverse Technology, Inc. (U.S.), Aria Systems, Inc.(U.S.), CSG International (U.S.), Globetom (South Africa), Blusynergy (U.S.), and Comarch (Poland). 

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Sakshi Mishra

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Sakshi Mishra
Joined: September 30th, 2020
Articles Posted: 512

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