Learn about the global cloud billing market through The Business Research Company, which provides information on cloud billing market size, cloud billing market drivers and restraints, cloud billing market players, the COVID-19 impact on the cloud billing market, and more.

The global cloud billing market is expected to grow from $4.76 billion in 2020 to $5.92 billion in 2021 at a compound annual growth rate (CAGR) of 24.2%. The change in growth trend is mainly due to the growing demand for cloud billing owing to its lower operating costs. The cloud billing market is expected to reach $12.40 billion in 2025 at a CAGR of 20.3%.

The rising need for lower capital and operating expenditure is expected to drive innovation in cloud billing, thus driving the market during the forecast period.

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The cloud billing market consists of sales of cloud billing services by entities (organizations, sole traders, and partnerships) that are engaged in the providing of cloud-based billing solutions. The term cloud billing refers to a combination of cloud computing and electronic billing. Several firms are broadening their horizons by implementing an on-premises billing infrastructure. Cloud billing is transforming the computer system, allowing for greater billing flexibility and easier data access.

Global cloud billing market segments include:

By Type: Subscription Billing, Metered Billing, Cloud Service Billing, Provisioning, Others

By Deployment Type: Private Cloud, Public Cloud

By Organization Size: Large Enterprises, SMEs

By Application: Account Management, Revenue Management, Customer Management, Others

By Vertical: BFSI, Telecommunications And ITES, Consumer Goods And Retail, Healthcare And Life Sciences, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the cloud billing market in 2020.

Advancements in technology are shaping the cloud billing market. Major companies operating in the cloud billing sector are focused on developing technological solutions for cloud billing to accelerate business growth.

TBRC’s cloud billing market report covers:

Major Market Players: Aria System Inc., Amdocs Inc, Oracle Corporation, NEC Corporation, Jamcracker, IBM Corporation, CGI Group Inc., SAP SE, Zuora Inc., BillingPlatform Corp., Recurly, Cerillion, ConnectWise, AppDirect, Chargebee, RecVue, Chargify, Salesforce, Orbitera Inc., and Amazon Web Service Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Cloud Billing Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides cloud billing market overviews, analyzes and forecasts market size, share, cloud billing market players, cloud billing market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s cloud billing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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