Cloud Billing Market

Cloud Billing Market by Verticals (Banking & Financial Service & Insurance (BFSI), Retail, Public Sector and Utilities, Telecom, IT and Media, Healthcare, Transportation, and Logistics), Types (Embedded, Subscription, Convergent, Metered, Cloud Service, and Professional Service), Deployments (Public, Private, and Hybrid), Services (Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS)), Applications (Revenue Management, Customer Management, and Account Management) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-500
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 195
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The global cloud billing market is anticipated to expand at a robust CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to simplified operations and virtualized workplaces along with high performance.
 

Cloud Billing Market Key Takeaways


Cloud billing is a blend of electronic billing and cloud computing. Most businesses prefer on-premises billing platform. Cloud billing is transforming the computer system by offering flexibility for billing and gathering data easily. These solutions assist in minimizing under & over-charging by supporting granular billing, sophisticated rating, dynamic price plans and variable billable units. Cloud billing software functions on remote servers and is available from any authorized computer.

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising number of businesses offering consumer-oriented services and opting for service-oriented culture are expected to fuel the market.
  • Growing necessity for transparency in charging process is projected to drive the market.
  • Rising number of customers along with flexibility is likely to boost the market.
  • Need to cope up with the changing business environment is inducing majority of organizations to opt for cloud billing.
  • Worldwide implementation of such services or solutions in both digital and non-digital verticals is anticipated to drive the market during the forecast period.
  • Increasing demand for low capital, enhanced process, convergence & centralization, and operational expenses are projected to fuel the market.
  • Factors such as real time management of huge data are estimated to boost the market.
  • Rising demand for enhanced billing solutions is major factor driving the market.
  • Cloud billing helps in tracking customer experience, analyze purchasing pattern, and streamlining the process, making it easy to understand for operators.
  • High maintenance costs and time consumption are estimated to hamper the market growth.
  • Rising data thefts and cyber-attacks are estimated to hinder the market growth.

Scope of the Report:

The report on the cloud billing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Global Cloud Billing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Verticals (Banking & Financial Service & Insurance (BFSI), Retail, Public Sector and Utilities, Telecom, IT and Media, Healthcare, Transportation, and Logistics), Types (Embedded, Subscription, Convergent, Metered, Cloud Service, and Professional Service), Deployments (Public, Private, and Hybrid), Services (Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS)), Applications (Revenue Management, Customer Management, and Account Management), and Regions

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Aria Systems, Amazon Web Services, CSC, Cerillion, Blusynergy, Amdocs, CGI Group, Blueoss, Cloudability, Csg International, Chargebee, Interworks, Metratech, Oracle, Redknee, Globetom, NEC Corporation, Zuora, Comverse, Talligent, Comarch, Utilibill, IBM, SAP, Monexa, and Mphasis

 

Market Segment Insights:

The BFSI segment is expected to hold a major market share of the total revenue during the forecast period
Based on verticals, the global cloud billing market is segregated as banking & financial service & insurance (BFSI), retail, public sector and utilities, telecom, IT and media, healthcare, transportation, and logistics. The BFSI segment is projected to expand at a rapid pace during the forecast period. Rapid technological advancement and digitization are projected to drive the segment. It helps in reducing large capital expenditure by minimizing the need for investment in software & hardware coupled with staff to maintain it. Moreover, it helps banks and insurance companies to concentrate on customer functions. Additionally, it provides a whole data backup, making it reliable for use in BFSI. Data security is a major concern for the BFSI industry. The cloud keeps all the data secure from unauthorized access, which fuels the segment.

The healthcare segment is projected to expand at a high CAGR during the forecast period. Earlier the major concern was about keeping patient records safe and secure. Digital records are encrypted with password and therefore safe from any loss. If the computer crashes, the data is safe in the cloud. Cloud billing provides free access to data in remote locations via desktop computer or mobile devices. This is essential for organizations, , as it becomes easy to track claims from every patient in real time. With cloud billing, healthcare professionals can dedicate more time on patient care, getting paid, and submitting clean claims.

It is difficult for the telecom sector to maintain data, improve customer experience, and retain existing customers. Companies are focusing on reducing revenue loss. Cloud billing solutions may help telecom enterprises to integrate data usage with invoicing.

The public segment is projected to hold a large market share of the total revenue during the forecast period
On the basis of deployments, the global cloud billing market is fragmented as public, private, and hybrid. The public segment is estimated to expand at a rapid pace during the forecast period. Services provided by public deployment are either offered under subscription or free. Public model includes several resources such as storage, virtual servers, applications, and hardware through internet. It assists enterprises to fulfill their demands for scalability, ease of deployment, and provides pay per use pricing package. Cloud deployment helps enterprises to work efficiently. It generates bills and provides monthly, weekly, and daily performance reports.

Hybrid segment integrated with both private and public models is expected to expand at a robust CAGR during the forecast period. Hybrid deployment is expected to be the most preferred type of deployment model among industries, which is expected to drive the cloud industry.
 

Cloud Billing Market By Deployments


The software as a service segment is projected to hold a major market share of the total revenue during the forecast period
In terms of services, the global cloud billing market is segregated as Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). SaaS denotes a cloud-based solution of providing software to users. Users subscribe to the application instead of buying it. Users are able to access SaaS application from any mobile device over the internet. The main application functions in the cloud server, hence there is no need to install the software on each user’s device. It helps to minimize the cost of scales and deploys and upgrades business applications rapidly.

The market in Asia Pacific is likely to grow at a rapid pace during the forecast period
Based on regions, the global cloud billing market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Growth of cloud billing solutions in Asia Pacific is attributed to large number of adoption by small and medium businesses. Cost & scalability are estimated to play a vital role in the purchase decision of the consumers during the forecast period.
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cloud Billing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Cloud Billing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Cloud Billing Market - Supply Chain
  4.5. Global Cloud Billing Market Forecast
     4.5.1. Cloud Billing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Cloud Billing Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Cloud Billing Market Absolute $ Opportunity
5. Global Cloud Billing Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Cloud Billing Market Size and Volume Forecast by Types
     5.3.1. Embedded
     5.3.2. Subscription
     5.3.3. Convergent
     5.3.4. Metered
     5.3.5. Cloud Service
     5.3.6. Professional Service
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Cloud Billing Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Cloud Billing Market Size and Volume Forecast by Applications
     6.3.1. Revenue Management
     6.3.2. Customer Management
     6.3.3. Account Management
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Cloud Billing Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Cloud Billing Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Cloud Billing Demand Share Forecast, 2019-2026
8. North America Cloud Billing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Cloud Billing Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Cloud Billing Market Size and Volume Forecast by Types
     8.4.1. Embedded
     8.4.2. Subscription
     8.4.3. Convergent
     8.4.4. Metered
     8.4.5. Cloud Service
     8.4.6. Professional Service
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Cloud Billing Market Size and Volume Forecast by Applications
     8.7.1. Revenue Management
     8.7.2. Customer Management
     8.7.3. Account Management
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Cloud Billing Demand Share Forecast, 2019-2026
9. Latin America Cloud Billing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Cloud Billing Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Cloud Billing Market Size and Volume Forecast by Types
     9.4.1. Embedded
     9.4.2. Subscription
     9.4.3. Convergent
     9.4.4. Metered
     9.4.5. Cloud Service
     9.4.6. Professional Service
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Cloud Billing Market Size and Volume Forecast by Applications
     9.7.1. Revenue Management
     9.7.2. Customer Management
     9.7.3. Account Management
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Cloud Billing Demand Share Forecast, 2019-2026
10. Europe Cloud Billing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Cloud Billing Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Cloud Billing Market Size and Volume Forecast by Types
     10.4.1. Embedded
     10.4.2. Subscription
     10.4.3. Convergent
     10.4.4. Metered
     10.4.5. Cloud Service
     10.4.6. Professional Service
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Cloud Billing Market Size and Volume Forecast by Applications
     10.7.1. Revenue Management
     10.7.2. Customer Management
     10.7.3. Account Management
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Cloud Billing Demand Share Forecast, 2019-2026
11. Asia Pacific Cloud Billing Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Cloud Billing Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Cloud Billing Market Size and Volume Forecast by Types
     11.4.1. Embedded
     11.4.2. Subscription
     11.4.3. Convergent
     11.4.4. Metered
     11.4.5. Cloud Service
     11.4.6. Professional Service
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Cloud Billing Market Size and Volume Forecast by Applications
     11.7.1. Revenue Management
     11.7.2. Customer Management
     11.7.3. Account Management
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Cloud Billing Demand Share Forecast, 2019-2026
12. Middle East & Africa Cloud Billing Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Cloud Billing Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Cloud Billing Market Size and Volume Forecast by Types
     12.4.1. Embedded
     12.4.2. Subscription
     12.4.3. Convergent
     12.4.4. Metered
     12.4.5. Cloud Service
     12.4.6. Professional Service
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Cloud Billing Market Size and Volume Forecast by Applications
     12.7.1. Revenue Management
     12.7.2. Customer Management
     12.7.3. Account Management
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Cloud Billing Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Cloud Billing Market: Market Share Analysis
  13.2. Cloud Billing Distributors and Customers
  13.3. Cloud Billing Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Aria Systems
     13.4.2. Amazon Web Services
     13.4.3. CSC
     13.4.4. Cerillion
     13.4.5. Blusynergy
     13.4.6. Amdocs
     13.4.7. CGI Group
     13.4.8. Blueoss
     13.4.9. Cloudability
     13.4.10. Csg International
     13.4.11. Chargebee
     13.4.12. &

Segments Covered in the Report:
The global cloud billing market has been segmented on the basis of

Verticals

  • Banking & Financial Service & Insurance (BFSI)
  • Retail
  • Public Sector and Utilities
  • Telecom
  • IT and Media
  • Healthcare
  • Transportation
  • Logistics

Types

  • Embedded
  • Subscription
  • Convergent
  • Metered
  • Cloud Service
  • Professional Service

Deployments

  • Public
  • Private
  • Hybrid

Services

  • Software as a Service (SaaS)
  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)

Applications

  • Revenue Management
  • Customer Management
  • Account Management

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key players in the global cloud billing market include Aria Systems, Amazon Web Services, CSC, Cerillion, Blusynergy, Amdocs, CGI Group, Blueoss, Cloudability, Csg International, Chargebee, Interworks, Metratech, Oracle, Redknee, Globetom, NEC Corporation, Zuora, Comverse, Talligent, Comarch, Utilibill, IBM, SAP, Monexa, and Mphasis. In July 2014, Ericsson declared the acquisition of MetraTech to improve its enterprise and cloud billing capabilities. In May 2013, Mphasis launched Billing as a Service (BaaS) to increase operational efficiency.
 

Cloud Billing Market By Key Players

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