Cloud Billing Market Research Report: Information By Type (Subscription Billing, Cloud Service Billing, Metered Billing, One Time and Provisioning), Deployment (Public Cloud, Private Cloud and Hybrid Cloud), End User (BFSI, IT & Telecom, Energy & Utility, Healthcare, Media & Entertainment, Retail, Transportation & Logistics and Others), Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027
Market Overview
According to Market Research Future, the Global Cloud Billing Market has been segmented based on Component, Type, Deployment and Region.
The process of generating bills using resource data with predefined billing policies is referred to as cloud billing. The purpose of having a cloud billing component is to provide an interface for generating usage bills. The end-users of the cloud billing service module enable service-oriented architecture that comprises both functional and non-functional requirements. The functional requirements include a quote service, conversion functions & policies, payment schemes, and user identification, whereas the non-functional requirements include security, scalability, standards, and fault tolerance. Cloud billing in an organization benefits by lowering overall investment, higher scalability & service availability, and secured services.
Based on type, the global cloud billing market has been divided into subscription billing, cloud service billing, metered billing, one-time, and provisioning.
Based on deployment, the global cloud billing market has been divided into public cloud, private cloud, and hybrid cloud.
By end user, the global cloud billing market has been divided into BFSI, IT & telecom, energy & utility, healthcare, media & entertainment, retail, transportation & logistics, and others.
The cloud billing market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
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Regional Analysis
By region, the cloud billing market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to be the largest contributor to the cloud billing market mainly due to the higher adoption of cloud billing solutions and services among industry verticals such as BFSI, IT & Telecom, and media & entertainment, a large number of cloud-based services providers offering IaaS, PaaS, and SaaS and major industry players operating in the region.
Key Players
The key players in the global cloud billing market are Zuora Inc. (US), IBM Corporation (US), Cerillion (UK), AMDOCS (US), Oracle (US), Amazon Web Services, Inc. (US), NEC Corporation (Japan), SAP SE (Germany), Aria Systems, Inc. (US), Cloudability (US), Jamcracker, Inc. (US), FinancialForce (US), ReckNap (US), CLOUD ASSERT LLC (US), and Tridens d.o.o. (Slovenia).
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