Global Cloud Billing Market is valued approximately USD 3.9 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 15.3% over the forecast period 2022-2029. Cloud billing aids in the charging of cloud-based software and infrastructure. Either private or public clouds can be used for the deployment of cloud systems. Cloud billing is a method that helps organizations create bills by enforcing particular requirements. Additionally, firms can speed their billing procedures through cloud, which enhances the overall client experience. The use of cloud billing solutions decreases the amount of IT infrastructure and resources needed because there is less need for pricey hardware integration. The increasing penetration of subscription-based business models and growing adoption of cloud application & services are key factors driving the market growth.
The rising penetration of subscription-based business models is contributing towards the growth of the Global Cloud Billing market. For instance - according to Statista - in 2020, the market size of the digital subscription economy worldwide was estimated at USD 650 billion, and as per projections the global digital subscription economy would reach to USD 1500 billion by 2025. Additionally, according to Statista - in 2021, the global cloud applications market was valued at USD 133.6 billion and is expected to grow to USD 168.6 billion by 2025. Also, rising need for convergent and centralized billing solutions and growing emergence of IoT & ML Technologies would create lucrative growth prospectus for the market over the forecast period. However, rising concern over data thefts and cybersecurity attacks stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Cloud Billing Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the availability of robust technological infrastructure and rising adoption of cloud-based billing solutions in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising adoption of public cloud services, and growing use of cloud-based billing solutions and services as well as increasing popularity of subscription services in the region.
Major market players included in this report are:
- Oracle Corporation
- Amazon Web Services Inc.
- Amdocs Inc.
- NEC Corporation
- IBM Corporation
- Corporation Service Company
- Chargify LLC
- CloudXchange.io
- Cloud Assert
- SAP SE
Recent Developments in the Market:
- July 2020 - Aria Systems announced launch of Aria Marketplace Suite. This new solution is intended for B2B and B2C marketplace providers to streamline their operations. Aria Marketplace Suite offers revenue and products management tools for market operations, seamless billing, and payments experience.
- September 2020 - SAP announced upgradation in its SAP Subscription Billing. The new upgrade facilitates sending notifications before and after an allowance expires, completing pending subscription, setting prices for allowance, and setting cancellation notice dates.
Global Cloud Billing Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Billing Type, Deployment Type, Enterprise Size, End User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Billing Type
- Subscription Billing
- Usage-based
- One-Time
By Deployment Type
- Private Cloud
- Public Cloud
By Enterprise Size
By End-user
- Telecommunication
- Education
- Retail and Consumer Goods
- Media and Entertainment
- Healthcare
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Cloud Billing Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Cloud Billing Market, by Billing Type, 2019-2029 (USD Billion)
- 1.2.3. Cloud Billing Market, by Deployment Type, 2019-2029 (USD Billion)
- 1.2.4. Cloud Billing Market, by Enterprise Size, 2019-2029 (USD Billion)
- 1.2.5. Cloud Billing Market, by End User, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Cloud Billing Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Cloud Billing Market Dynamics
- 3.1. Cloud Billing Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing penetration of subscription-based business models
- 3.1.1.2. Growing adoption of cloud application & services
- 3.1.2. Market Challenges
- 3.1.2.1. Concern over data thefts and cybersecurity attacks
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising need for convergent and centralized billing solutions
- 3.1.3.2. Growing emergence of IoT & ML Technologies
Chapter 4. Global Cloud Billing Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Cloud Billing Market, by Billing Type
- 6.1. Market Snapshot
- 6.2. Global Cloud Billing Market by Billing Type, Performance - Potential Analysis
- 6.3. Global Cloud Billing Market Estimates & Forecasts by Billing Type 2019-2029 (USD Billion)
- 6.4. Cloud Billing Market, Sub Segment Analysis
- 6.4.1. Subscription Billing
- 6.4.2. Usage-based
- 6.4.3. One-Time
- 6.4.4. Others
Chapter 7. Global Cloud Billing Market, by Deployment Type
- 7.1. Market Snapshot
- 7.2. Global Cloud Billing Market by Deployment Type, Performance - Potential Analysis
- 7.3. Global Cloud Billing Market Estimates & Forecasts by Deployment Type 2019-2029 (USD Billion)
- 7.4. Cloud Billing Market, Sub Segment Analysis
- 7.4.1. Private Cloud
- 7.4.2. Public Cloud
Chapter 8. Global Cloud Billing Market, by Enterprise Size
- 8.1. Market Snapshot
- 8.2. Global Cloud Billing Market by Enterprise Size, Performance - Potential Analysis
- 8.3. Global Cloud Billing Market Estimates & Forecasts by Enterprise Size 2019-2029 (USD Billion)
- 8.4. Cloud Billing Market, Sub Segment Analysis
- 8.4.1. Large Enterprises
- 8.4.2. SMEs
Chapter 9. Global Cloud Billing Market, by End User
- 9.1. Market Snapshot
- 9.2. Global Cloud Billing Market by End User, Performance - Potential Analysis
- 9.3. Global Cloud Billing Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
- 9.4. Cloud Billing Market, Sub Segment Analysis
- 9.4.1. Telecommunication
- 9.4.2. Education
- 9.4.3. Retail and Consumer Goods
- 9.4.4. Media and Entertainment
- 9.4.5. Healthcare
Chapter 10. Global Cloud Billing Market, Regional Analysis
- 10.1. Cloud Billing Market, Regional Market Snapshot
- 10.2. North America Cloud Billing Market
- 10.2.1. U.S. Cloud Billing Market
- 10.2.1.1. Billing Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Deployment Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Enterprise Size breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. End User breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Cloud Billing Market
- 10.3. Europe Cloud Billing Market Snapshot
- 10.3.1. U.K. Cloud Billing Market
- 10.3.2. Germany Cloud Billing Market
- 10.3.3. France Cloud Billing Market
- 10.3.4. Spain Cloud Billing Market
- 10.3.5. Italy Cloud Billing Market
- 10.3.6. Rest of Europe Cloud Billing Market
- 10.4. Asia-Pacific Cloud Billing Market Snapshot
- 10.4.1. China Cloud Billing Market
- 10.4.2. India Cloud Billing Market
- 10.4.3. Japan Cloud Billing Market
- 10.4.4. Australia Cloud Billing Market
- 10.4.5. South Korea Cloud Billing Market
- 10.4.6. Rest of Asia Pacific Cloud Billing Market
- 10.5. Latin America Cloud Billing Market Snapshot
- 10.5.1. Brazil Cloud Billing Market
- 10.5.2. Mexico Cloud Billing Market
- 10.5.3. Rest of Latin America Cloud Billing Market
- 10.6. Rest of The World Cloud Billing Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Oracle Corporation
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Amazon Web Services Inc.
- 11.2.3. Amdocs Inc.
- 11.2.4. NEC Corporation
- 11.2.5. IBM Corporation
- 11.2.6. Corporation Service Company
- 11.2.7. Chargify LLC
- 11.2.8. CloudXchange.io
- 11.2.9. Cloud Assert
- 11.2.10. SAP SE
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption