Introduction of the Cloud Billing Market Report

Cloud billing can be defined as the procedure of generating bills using resource data with a set of predefined billing policies. The cloud billing solutions are used to bill for cloud-based software and infrastructure and offer benefits including customer identification, low investment, secured service, higher scalability, and service availability, among others.

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Market Dynamic

Key Drivers and Emerging Trends

Growth in the adoption of virtualized workplaces and cloud and web scale enabled network software solutions by organizations; increasing demand for centralized and convergent billing solutions, are some of the major factors expected to drive the growth of the cloud billing market over the forecast period. Additionally, cloud billing solutions offer advantages that includes the ability to easily accommodate pricing changes; unlimited number of transactions support, accurate usage charges calculation; tracking of third-party billing; reduced licensing costs, and service costs; security and data protection; increased scalability, portability and mobility; and improved customer relationships. This is further expected to accelerate the market growth. Moreover, according to BSA, the Software Alliance, and a member of the International Intellectual Property Alliance, the demand for cloud computing is expected to represent 60 percent of growth through 2020. This is expected to provide growth opportunities to the cloud billing market during the forecast period.

Restraint in the Cloud Billing Market

However, high initial costs of investment, installation, and maintenance of cloud billing solutions is expected to hinder the growth of the market. In addition, huge rise in the number of data breaches and cyberattacks is further anticipated to restraint the market growth.

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Deployment – Segment Analysis

Based on the deployment, the public cloud is expected to hold the significant share in the cloud billing market over the forecast period owing to its various benefits that includes low initial investment, easy deployment, and immediate availability over the internet, and no infrastructure maintenance, among others.

Component – Segment Analysis

Based on the component, platform segment is projected to account for a large share in the market. This can be attributed to the advantage of cloud billing solution providing faster, easy, and secure process of provisioning and billing the services. The surging demand of online billing and subscription based services among consumers is further contributing to the market growth.

End-Use Industry – Segment Analysis

Based on the end-use industry, the retail segment is expected to grow at a significant rate over the forecast period owing to the rising number of e-commerce platforms, growth in the sales of subscription-based products and services to pay only on a consumption basis, increasing the number of digital documents such as invoices and bills. Additionally, according to the United Nations Conference on Trade and Development, the e-commerce sales reached $25.6 trillion globally in 2018, with an increase of 8% from the previous year, which is expected to augment the market growth.

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Regional – Segment Analysis:

Based on region, Asia Pacific is anticipated to grow at a significant CAGR during the forecast period. This can be attributed to the increase in the demand of cloud-based solutions among retail, healthcare, and telecommunication industries in the region. Moreover, according to the India Brand Equity Foundation (IBEF), e-commerce business in India is expected to US$ 99 billion by 2024, growing at a CAGR of 27% over 2019. This will further propel the market growth of cloud billing solutions.

Top Market Players

Several leading Cloud Billing companies operating in the market, include, Microsoft Corporation, SAP SE, Telefonaktiebolaget LM Ericsson, Zuora Inc., Oracle Corporation, Salesforce.com, Inc., BillingPlatform, Recurly, Inc., Jamcracker, Inc., and Aria Systems, Inc. among others. 

Key Developments: 

• • In 2020, Aria Systems, Inc., launched Aria Marketplace Suite, which is an extension to the Aria billing and monetization platform that enables B2B and B2C marketplace providers to streamline digital marketplace operations. The Aria Marketplace Suite help enterprises in growing subscription and usage-based revenue and provide seamless billing and payments experience for end customers.

Segments covered in the Report:

The global Cloud Billing Market has been segmented on the basis of deployment, component, end-use industry, and key regions. Based on deployment, the market is segmented into public cloud, private cloud, and hybrid cloud. Based on the component, the market is segmented into platform and services. Based on the end-user industry, the market is segmented into retail, power & energy, healthcare, telecommunications, BFSI, and others. 

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Key questions answered in this research report:

• • • At what pace is global Cloud Billing Market growing? What will be the growth trend in the future?
    • What are the key drivers and restraints in Cloud Billing Market? What will be the impact of drivers and restraints in the future?
    • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Cloud Billing Market?
    • Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?
    • What are the various end-use industries of global Cloud Billing Market and how they are poised to grow?
    • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Deployment, By Component, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Microsoft Corporation, SAP SE, Telefonaktiebolaget LM Ericsson, Zuora Inc., Oracle Corporation, Salesforce.com, Inc., BillingPlatform, Recurly, Inc., Jamcracker, Inc., and Aria Systems, Inc. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Cloud Billing Market by Deployment

• • Public Cloud
  • Private Cloud
  • Hybrid Cloud

Global Cloud Billing Market by Component

• • Platform
  • Services

Global Cloud Billing Market by End-Use Industry

• • Retail
  • Power & Energy
  • Healthcare
  • Telecommunications
  • BFSI
  • Others

Global Cloud Billing Market by Region

• • North America Cloud Billing Market (Option 1: As a part of the free 25% customization)
    • North America Cloud Billing Market by Deployment
    • North America Cloud Billing Market by Component
    • North America Cloud Billing Market by End-Use Industry
    • US Cloud Billing Market All-Up
    • Canada Cloud Billing Market All-Up
  • Europe Cloud Billing Market (Option 2: As a part of the free 25% customization)
    • Europe Cloud Billing Market by Deployment
    • Europe Cloud Billing Market by Component
    • Europe Cloud Billing Market by End-Use Industry
    • UK Cloud Billing Market All-Up
    • Germany Cloud Billing Market All-Up
    • France Cloud Billing Market All-Up
    • Spain Cloud Billing Market All-Up
    • Rest of Europe Cloud Billing Market All-Up
  • Asia-Pacific Cloud Billing Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Cloud Billing Market by Deployment
    • Asia-Pacific Cloud Billing Market by Component
    • Asia-Pacific Cloud Billing Market by End-Use Industry
    • China Cloud Billing Market All-Up
    • India Cloud Billing Market All-Up
    • Japan Cloud Billing Market All-Up
    • Rest of APAC Cloud Billing Market All-Up
  • RoW Cloud Billing Market (Option 4: As a part of the free 25% customization)
    • RoW Cloud Billing Market by Deployment
    • RoW Cloud Billing Market by Component
    • RoW Cloud Billing Market by End-Use Industry
    • Brazil Cloud Billing Market All-Up
    • South Africa Cloud Billing Market All-Up
    • Saudi Arabia Cloud Billing Market All-Up
    • UAE Cloud Billing Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Cloud Billing Market All-Up

Major Players Operating in the Cloud Billing Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Microsoft Corporation
  • SAP SE
  • Telefonaktiebolaget LM Ericsson
  • Zuora Inc.
  • Oracle Corporation
  • com, Inc.
  • BillingPlatform
  • Recurly, Inc.
  • Jamcracker, Inc.
  • Aria Systems, Inc.