Global Cloud Billing Market by Types, Applications, End-users, and Regions– Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The global cloud billing market was valued at USD 9 billion in 2019 and is expected to reach USD 53 billion by 2026, expanding at a CAGR of around 24.5% during the forecast period, 2020–2026. Increasing demand for centralized billing solutions, billing operations, and the growing need to lower operating and capital expenditure is growing the demand for cloud billing in the market. Reduction in errors along with the ability to generate faster invoices are the major factor contributing to the growth of the market globally. Reduction in chance of type errors and reaching the client quickly are some advantages of cloud billing system.

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Using a set of defined billing policies, a cloud billing involves the process of generating bills from resource data. For a service-oriented architecture, a cloud billing service module is used that covers functional requirements such as conversion policies, payment schemes, quote service, and user identification along with others such as standards, scalability, security, and fault tolerance. From a solution that supports multi-tenancy the billing solutions are generated from the cloud where vendors allow multiple operators to access it and run it on cloud. With the computer resources being paid this process does not provide any customization on the basis of usage or on weekly basis rather than long-term contract.

Market Trends, Drivers, Restraints, and Opportunities:

Lower operational and capital expenses are the major factors diving the growth of the market.
Convergence, centralization, and enhanced process are some factors contributing to the growth of the market
Advantages such as real time management of large amount of data is estimated to drive the growth of the market during the forecast period.
Increasing demand for improved billing operations is a key factor fueling the demand for the cloud billing market.
Higher maintenance cost and time consumption may restrain the growth of the market.
Growing cyber threats around the globe may hamper the market growth during the forecast period.

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Competitive Landscape:

Major companies in the global cloud billing market include AWS, Oracle Corporation, Computer Sciences Corporation, Acronis International GmbH, SAP SE, IBM, NEC Corporation, Amdocs, CGI Group, Zuora, Aria Systems, and Key Innovators. The competition in global cloud billing market is highly intense and competitors use strategies such as collaborations, ventures, partnerships, acquisitions, new product launches, and agreements to gain new market share.

The global cloud billing market has been segmented on the basis of

Types

Metered Billing
Provisioning Billing
Subscription Billing
Cloud Service Billing

Applications

Metered Billing
Provisioning Billing
Subscription Billing
Cloud Service Billing

End-users

BFSI
Manufacturing
Healthcare
IT & ITES
Media & Entertainment
Others

Regions

Asia Pacific
Europe
North America
Middle East & Africa
Latin America

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
Cloud Billing Market Overview
Global Cloud Billing Market Analysis and Forecast by Type
Global Cloud Billing Market Analysis and Forecast by Application
Global Cloud Billing Market Analysis and Forecast by Sales Channel
Global Cloud Billing Market Analysis and Forecast by Region
North Cloud Billing Market Analysis and Forecast
Latin Cloud Billing Market Analysis and Forecast
Europe Cloud Billing Market Analysis and Forecast
Asia Pacific Cloud Billing Market Analysis and Forecast
Middle East & Africa Cloud Billing Market Analysis and Forecast
Competition Landscape

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