The global Cloud Billing Market is forecasted to be worth USD 8.84 Billion by 2027, according to a current analysis by Emergen Research. Cloud billing ensures cost-efficiency as they reduce the IT infrastructure and resources, which leads to the adoption of these services. It also offers various benefits such as increased transparency in charging and billing processes, virtualized workplaces, simplified operations, flexibility to upscale, and enhanced performance.
The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Cloud Billing market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.
The use of cloud billing improves the record-keeping procedure, which makes it faster to access and also provides the ability to access information from anywhere. The increasing popularity of service-oriented culture and consumer-oriented services are fueling the demand for the product. The cloud billing services enable services that focus on both functional as well as non-functional requirements. An increase in demand for centralized and convergent billing solutions and a rise in demand for billing operations are propelling the growth of the market.
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Key Highlights From The Report
Cloud billing solutions are tools that are used to bill for cloud-based infrastructure and software. These solutions can be deployed on-premises or cloud themselves. The segment will hold a significant share of xx% in 2019.
A public cloud is a multi-tenant platform with millions of users. Large public clouds have complicated billing models. For e.g., AWS provides "on-demand instances,” which the company refers to as “pay as you go.”
Infrastructure as a Service (IaaS) is a rapid computing infrastructure, managed and provisioned, over the internet. It swiftly scales up and down with demand, allowing one to pay for only what they use.
SMEs have a low marketing budget and often lack the resources needed to transition to cloud-based services. However, intense competition in the market has encouraged these companies to invest in cloud billing solutions and gain information from large data for business growth.
The telecommunication sector dominated the market for cloud billing. The sector is witnessing a massive increase in subscribers, and the advent of 5G has also encouraged the demand for the service. The telecommunication sector is adopting opportunities for digital transformation at a rapid pace.
The Asia Pacific region will witness a high growth rate owing to the rise in adoption of cost-effective technology by small and medium-sized enterprises as well as large enterprises. Benefits such as high scalability are also expected to propel the market demand.
Key participants include SAP, Oracle, Aria Systems, Recurly, Cerillion, ConnectWise, Salesforce, Zuora, Chargify, and AppDirect, among others.
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Component Outlook (Revenue, USD Billion; 2017-2027)
Solution
Services
Billing Type Outlook (Revenue, USD Billion; 2017-2027)
Subscription
Usage-based
One-Time
Others
Deployment Type Outlook (Revenue, USD Billion; 2017-2027)
Private
Public
Service Model Outlook (Revenue, USD Billion; 2017-2027)
IaaS
PaaS
SaaS
Organization Size Outlook (Revenue, USD Billion; 2017-2027)
Large Enterprises
Small and Medium-Sized Enterprise
Vertical Outlook (Revenue, USD Billion; 2017-2027)
BFSI
IT
Telecommunications
Education
Consumer Goods and Retail
Media & Entertainment
Healthcare
Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Cloud Billing Market Definition
1.2. Cloud Billing Market Research Scope
1.3. Cloud Billing Market Methodology
1.4. Cloud Billing Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Cloud Billing Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Cloud Billing Market Segmentation & Impact Analysis
Continued…
