Press release
Cloud Billing Market is Expected to Grow at a CAGR of 14.31 % during the forecast period of 2023-2030 : Cognitive Market Research
Cloud Billing Market is Expected to Grow at a CAGR of 14.31 % during the forecast period of 2023-2030 : Cognitive Market Research
Cloud billing is a collection of tools, which help track and understand google cloud spending, pay bills, and optimize your costs. These are used in billing for cloud-based infrastructure and software. Cloud billing assists businesses in generating invoices by enforcing specific standards. In addition, these permit organizations to update their billing process, thus improving the customer experience.
Summary:
The Cloud Billing Market Size Was Valued at USD 3.92 Billion In 2022 And Is Expected to Grow at A CAGR Of 14.31 % During the Forecast Period, Reaching USD 14.96 Billion By 2030.
• In terms of billing type, the usage-based segment has the largest revenue share in the cloud billing market.
• North America has the largest revenue share in the cloud billing market.
To know more The Cloud Billing Market statistics click here: https://www.cognitivemarketresearch.com/cloud-billing-market-report
Market Dynamics:
Increasing demand for cloud billing in IoT technology industries, lower operational and administration expenditures, and lower OPEX & CAPEX are key factors expected to drive the growth of the target market. However, the increasing cost of investment compared with on-premises billing is anticipated to restrict the growth of the cloud billing market. Furthermore, the increasing need for enterprises to leverage BI creates growth opportunities in the cloud billing market.
Segmentation Analysis:
Deployment type:
• Private Cloud
• Public Cloud
• Hybrid Cloud
Service Model
• IaaS
• PaaS
• SaaS
Enterprise Size:
• Large Enterprises
• Small and Medium-sized Enterprises
Industry Vertical
• BFSI
• IT and Telecommunication
• Education
• Construction
• Healthcare
• Others
• Media and Entertainment
Component:
• Solution
• Services
Billing Type:
- In terms of billing type, the usage-based segment has the largest revenue share in the cloud billing market. This is due to the increasing use of usage-based billing in the SaaS company billing as their pricing models are expected to drive the growth of this segment.
• Subscription
• Usage Based
• One-Time
• Others
The Major Players in Cloud Billing Market are:
Amazon Web Services Inc. (AWS), Computer Sciences Corporation (CSC), International Business Machines Corporation (IBM), NEC Corporation, Oracle Corporation, Amdocs Inc., Aria Systems Inc., CGI Group Inc., SAP SE, Zuora Inc.
News:
- SAP has introduced the cloud billing concept in SAP Subscription Billing.
In September 2020, SAP has introduced the cloud billing concept in SAP Subscription Billing. These are advanced technology, there are a variety of features including modern elements like sending notifications before and after an allowance expires, defining prices for allowances, completing delayed subscriptions, and setting aside cancellation notice dates.
- Aria Systems has introduced the aria marketplace suite, enabling provide of B2B and B2C marketplaces
In July 2020, Aria Systems has launched Aria Marketplace Suite, the process is an extension of the Aria billing and monetization platform, which helps enable B2B and B2C marketplace providers to distribute their operations more profoundly. Aria Marketplace Suite shares products and revenue management apparatus for marketplace operations that help in customer interactions.
Get free sample pages of latest published Cloud Billing Report: https://www.cognitivemarketresearch.com/cloud-billing-market-report
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Cloud Billing Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary
• 3.1 Global Cloud Billing Market Size 2018 - 2030, (USD Million)
• 3.2 Global Cloud Billing Market: Snapshot
Chapter 4 Global Cloud Billing Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Cloud Billing Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Mergers and Acquisition Analysis
• 5.2 Global New Launches Analysis
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Cloud Billing Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Cloud Billing Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Cloud Billing Market Regional Analysis
Chapter 11 North America Cloud Billing Market Outlook (2018 - 2030)
Chapter 12 Europe Cloud Billing Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Cloud Billing Market Outlook (2018 - 2030)
Chapter 14 Latin America Cloud Billing Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Cloud Billing Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Cloud Billing Market TOC click here: https://www.cognitivemarketresearch.com/cloud-billing-market-report#table_of_contents
Regional Analysis:
- North America accounted for the largest share of the cloud billing market
North America has the largest revenue share in the cloud billing market. This is due to the increasing demand for cloud billing in emerging countries such as the US and Canada in the region.
Related Reports:
• Industrial Cloud Market - https://www.cognitivemarketresearch.com/industrial-cloud-market-report
• Cloud Services Market - https://www.cognitivemarketresearch.com/cloud-services-market-report
• Telecom Cloud Billing Services Market - https://www.cognitivemarketresearch.com/telecom-cloud-billing-services-market-report
• Cloud Billing Services Market - https://www.cognitivemarketresearch.com/cloud-billing-services-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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