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.
For More Information Visit @:https://www.maximizemarketresearch.com/market-report/cloud-billing-market/13974/
Scope of the Cloud Billing Market
Cloud Billing Market by Type
Cloud Billing Market by Provider
Cloud Billing Market by Application
Cloud Billing Market by Organization Size
Cloud Billing Market by Industry Vertical
Cloud Billing Market by Region
Key Players of Cloud Billing Market
Computer Sciences Corporation
Amazon Web Services, Inc.
International Business Machines Corporation
CGI Group Inc
Aria Systems, Inc.
Tech Mahindra Limited
Redknee Solutions Inc.
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About the Authorgeeta narwade
Joined: September 2nd, 2019
Articles Posted: 100
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