Cloud Monetization Market Size, Share, Trends, Industry Analysis, Industry Analysis 2031

The cloud monetization market is set to witness robust growth of around 16% during 2021-2031. One of the major growth drivers for the cloud monetization market happens to be the increase in demand for reliable, scalable, and secure solution for cloud billing models.

The cloud monetization market is predominantly driven by the increase in demand from enterprises for one bill that includes all cloud service level agreements and other cloud based services. Cloud monetization helps in reducing the risk and time by providing easy and simplified cloud billing models.

This happens to be one of the major factors boosting the demand for cloud monetization market globally. Furthermore, rise in demand for recovery and backup services is another major factor driving the demand for cloud monetization market across the globe.

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What is Driving Demand for Cloud Monetization?

Cloud monetization offers a cloud-based charging, payments, billing, and revenue management platform for subscription-based products and services. Increasing demand for a single bill for all services is one of the major factor driving the growth of cloud monetization market. Cloud monetization offers numerous benefits such as scalability, security, and operational efficiency.

It also improves customer retention by providing feasible monetization cloud billing models. It is used to create customer accounts, manage customer relationships, charge for services, and analyze and collect revenue. Most of the organizations operating in the market prefer the private cloud model for security and compliance purposes. On the other hand, increasing prices of cloud billing subscription models is expected to cause hindrance in the growth of cloud monetization market over the forecast period.

IT & Telecom Industry is Expected to Hold the Largest Share of the Cloud Monetization Market by Industry

On the basis of industry, the cloud monetization market has been bifurcated in to BFSI, healthcare, IT & telecom, e-commerce & retail, manufacturing, and others. Out of which, IT & telecom segment is expected to hold the largest share of the global cloud monetization market. This is owing to the increasing demand for cloud based software solutions across the IT industry. Moreover, increase in demand for connected devices is further fueling the growth of cloud monetization market.

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US and Canada Cloud Monetization Market Outlook

U.S. happens to be one of the largest markets for cloud monetization across the globe. The growth in U.S. is attributed to the presence of established players such as Aria Systems, Inc., Oracle Corporation, and Comverse Technology, Inc., among others in the region.

Moreover, there has been a considerable rise in the transition to more software-based business models thereby driving the demand for cloud monetization market. Furthermore, the market for cloud monetization in Canada is estimated to expand at a considerable rate and grow at the highest CAGR during the forecast period.

Europe Demand Outlook for Cloud Monetization

The cloud monetization market in Europe is projected to grow at a significant rate over the forecast period. The Europe region is projected to generate attractive opportunities in the cloud monetization market over the forecast period. Technological advancements and increasing urbanization in the region are driving the demand for cloud monetization market.

Moreover, increase in awareness about the recurring revenue with the help of cloud billing models is further driving the demand for cloud monetization in the region.

Who are the Key Manufacturers and Suppliers of Cloud Monetization?

Some of the leading providers of cloud monetization include

Aria Systems Inc.
Aspire Systems
Oracle Corporation
SAP SE
Comverse Technology Inc.
Computer Associates International Inc.
AppDirect Inc.
Cisco Systems
Hewlett-Packard Enterprise
Gemalto Inc.
Others.

Companies like Oracle are providing cloud monetization solutions and services with end-to-end revenue management system for digital service providers. With the help of cloud monetization offerings, the customers are then able to configure product offerings, charge for services, create customer accounts, collect and analyze revenue, and manage customer relationships accordingly.

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Key Segments

By Type

Software as a service
Infrastructure as a service
Platform as a service
By Services

Professional Services
Managed Services
By Enterprise Size

SMEs
Large Enterprises
By Industry

BFSI
Healthcare
IT & Telecom
E-commerce & Retail
Manufacturing
Others

By Region
North America
US
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
UK
France
Germany
Italy
Spain
BENELUX
Russia
Rest of Europe
East Asia
China
Japan
South Korea
South Asia & Pacific
India
Thailand
Indonesia
Malaysia
Australia & New Zealand
Rest of South Asia & Pacific
Middle East & Africa
GCC Countries
Turkey
South Africa
Rest of Middle East and Africa

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This release was published on openPR.