Press release
Cloud Billing Market Global Report 2025: Trends, Growth Drivers, and Forecast To 2034
Cloud Billing Market
Explore the notable expansion of the $8.66 billion Cloud Billing Market, set to hit $20.59 billion by 2029, steered by demand for efficient billing systems and advancements in technology like AI, blockchain integration and evolving pricing models.
What Is The Projected Market Size Of The Global Cloud Billing Market And Its Growth Rate?
Cloud billing seizes rapidly growing market size due to:
• The market size increased from $8.66 billion in 2024 to $9.79 billion in 2025, marking a CAGR of 13.1%. This growth spurt was prompted by increased demand for subscription-based services, scalability requirements, and centralized billing systems' need.
• The market will grow exponentially to $20.59 billion in 2029 at a CAGR of 20.4%, with the growth attributed to adoption of hybrid and multi-cloud environments, growing focus on real-time billing, increased emphasis on cloud billing compliance and security, and rising demand for sustainable cloud billing solutions.
What Is Driving The Growth In The Cloud Billing Market?
Cloud billing market is seeing robust growth fuelled by the need for lower capital and operating expenditure. With cloud adoption, billing has transitioned from a separate back-office product to an integral part of the quote-to-cash process. Businesses afford cost savings through cloud billing, while maintaining excellent customer service. This is evident with the public cloud services market in India projected to reach US$ 17.8 billion by 2027, indicating the influence of capital and operational expenditure in cloud billing market growth.
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Who Are the Key Players Driving Cloud Billing Market Growth?
Prominent players in the cloud billing market include:
• Aria System Inc.
• Amdocs Inc.
• Oracle Corporation
• NEC Corporation
• Jamcracker Inc.
• IBM Corporation
• CGI Group Inc.
• SAP SE
• Zuora Inc.
• BillingPlatform Corp.
What Are The Key Trends In The Cloud Billing Market?
Key trendshaping the cloud billing market include:
• Integration of Artificial Intelligence in billing processes.
• Blockchain integration for secure and transparent transactions.
• Demand for personalized, customizable billing experiences.
• Continuous evolution of pricing models.
• Increasing collaboration between cloud service providers and billing solution providers.
What Are The Segments Of The Global Cloud Billing Market?
Key segments of the global cloud billing market include:
1) By Type: Subscription Billing, Metered Billing, Cloud Service Billing, Provisioning, Other Types
2) By Deployment Type: Private Cloud, Public Cloud
3) By Organization Size: Large Enterprises, SMEs
4) By Application: Account Management, Revenue Management, Customer Management, Other Applications
5) By Vertical: BFSI, Telecommunications And ITES, Consumer Goods And Retail, Healthcare and life sciences, Other Verticals
Which Region Leads The Cloud Billing Market?
In 2024, North America was the largest region in the cloud billing market. However, Asia-Pacific region is expected to manifest the fastest growth in the forecast period. Other regions covered in this analysis include Western Europe, Eastern Europe, South America, Middle East and Africa.
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What Is Covered In The Cloud Billing Market Global Market Report?
- Market Size Analysis: Analyze the Cloud Billing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cloud Billing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cloud Billing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cloud Billing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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