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 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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The global Cloud Billing market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Cloud Billing market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Cloud Billing market.
Emergen Research has segmented into the global Cloud Billing Market on the basis of component, billing type, deployment type, service model, organization size, vertical, and region:
Component Outlook (Revenue, USD Billion; 2017-2027)
Billing Type Outlook (Revenue, USD Billion; 2017-2027)
Deployment Type Outlook (Revenue, USD Billion; 2017-2027)
Service Model Outlook (Revenue, USD Billion; 2017-2027)
Organization Size Outlook (Revenue, USD Billion; 2017-2027)
Small and Medium-Sized Enterprise
Vertical Outlook (Revenue, USD Billion; 2017-2027)
Consumer Goods and Retail
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The global Cloud Billing market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Cloud Billing market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some players analyzed in the report are:
SAP, Oracle, Aria Systems, Recurly, Cerillion, ConnectWise, Salesforce, Zuora, Chargify, and AppDirect, among others.
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.
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North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
Who are the leading players in the Cloud Billing industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Cloud Billing?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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