According
to new market research report on"Cloud Billing Market by Component (Solutions, Services),
Billing Type (Subscription, Usage-Based, One-Time, Others), Deployment Type,
Service Model (IaaS, PaaS, SaaS), Organization Size, Vertical, and Region -
Global Forecast to 2025",
published by MarketsandMarkets™,
the Cloud Billing Market size
is expected to grow from USD 3.0 billion in 2020 to USD 6.5 billion by 2025, at
a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period.
The key
factors that are expected to drive the growth of the market are the need for
lower OPEX and CAPEX and increasing revenue leakages across industries.
Browse and
in-depth TOC on “Cloud Billing
Market”
205 – Tables
42
- Figures
207
- Pages
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1022
Solutions segment to hold a larger market size during the
forecast period
Cloud billing solutions
are tools that perform the billing of cloud-based software and infrastructure
and act as a single source of invoicing. Cloud billing solutions include
features such as the ability to easily accommodate new SKUs or pricing changes,
calculate usage charges, and track third-party billing & payouts. For
instance, it can combine solutions such as Microsoft Office 365, Azure, and
Cisco into one billing engine and eliminate disparate portals and invoices.
SMEs segment to grow at
the highest CAGR during the forecast period
Organizations with less
than 1,000 employees are categorized under the SMEs segment. They have a low
marketing budget and often lack the resources and capabilities required for
effective marketing orchestration. Customer data is important for any
organization. SMEs, with their limited marketing budget, try to scale up their
business through cost-effective marketing techniques to generate maximum RoI
from their marketing spend. The intense competitive market scenario has
encouraged SMEs to invest in cloud billing solutions & services and derive
insights from a large pool of data for their business growth.
Consumer goods &
retail vertical to grow at the highest CAGR during the forecast period
The consumer goods &
retail vertical is adopting advanced technologies such as cloud computing, Big
Data analytics, DevOps, digital stores, and social networks at a high rate. The
various factors driving this adoption are the rising purchasing power of
customers and the increasing customer expectations, leading to existing
customer retention and new customer acquisition. Online retailing and cloud
technologies have significantly disrupted the retail & consumer goods
vertical, leading to the adoption of cloud computing mainly for storage, backup,
and security services. Cloud computing services enable retailers to access
customer data with just one click from any store located anywhere, leading to
better customer service delivery.
Get Special
Pricing on Bundle Reports:
https://www.marketsandmarkets.com/RequestBundleReport.asp?id=1022
North America to account for the highest market share
during the forecast period
Stable economic
conditions and increasing SaaS adoption are expected to offer major significant
drivers for the Cloud Billing Market
in North America. The US is estimated to hold the largest share of the North
America Cloud Billing Market in
2020, and the trend is expected to continue until 2025. It is a technologically
advanced country due to the high level of technology awareness and the presence
of a large number of CSPs, TSPs, and MSPs. The presence of giant cloud players,
such as Microsoft, AWS, and IBM (all headquartered in the US), contributes to
the growth of cloud computing in the US.
The major players in the Cloud Billing Market are Oracle (US), SAP (Germany), Salesforce(US), Zuora(US), Aria
System(US), BillingPlatform(US), Recurly(US), Jamcracker(US), Cerillion(UK),
CGI(Canada), ConnectWise(US), Zoho(India), AppDirect(US),
CloudBilling(Netherlands), Chargebee(US), RecVue(US), Cloud Assert(US),
CloudXchange.io(India), and Chargify(US).
The study includes an
in-depth competitive analysis of key players in the Cloud Billing Market with their company profiles, recent
developments, COVID-19 developments, and key market strategies.
About MarketsandMarkets
MarketsandMarkets is the largest
market research firm worldwide in terms of annually published premium market
research reports. Serving 1700 global fortune enterprises with more than 1200
premium studies in a year, M&M is catering to a multitude of clients across
8 different industrial verticals. We specialize in consulting assignments and
business research across high growth markets, cutting edge technologies and
newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are
tracking global high growth markets following the "Growth Engagement Model
– GEM". The GEM aims at proactive collaboration with the clients to
identify new opportunities, identify most important customers, write
"Attack, avoid and defend" strategies, identify sources of
incremental revenues for both the company and its competitors.
M&M’s flagship competitive
intelligence and market research platform, "RT" connects over 200,000
markets and entire value chains for deeper understanding of the unmet insights
along with market sizing and forecasts of niche markets. The new included
chapters on Methodology and Benchmarking presented with high quality analytical
infographics in our reports gives complete visibility of how the numbers have
been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired
to help our clients grow by providing apt business insight with our huge market
intelligence repository.
Contact:
Mr. Aashish Mehra
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/cloud-billing.asp
Report: https://www.marketsandmarkets.com/Market-Reports/cloud-billing-market-1022.html
