The researchers have considered all the factors influencing the growth of the Cloud Billing market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Cloud Billing market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Cloud Billing market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
The global Cloud Billing Market is forecasted to be worth USD 8.84 Billion by 2027, according to a current analysis by Emergen Research. Cloud billing ensures cost-efficiency as they reduce the IT infrastructure and resources, which leads to the adoption of these services. It also offers various benefits such as increased transparency in charging and billing processes, virtualized workplaces, simplified operations, flexibility to upscale, and enhanced performance.
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The use of cloud billing improves the record-keeping procedure, which makes it faster to access and also provides the ability to access information from anywhere. The increasing popularity of service-oriented culture and consumer-oriented services are fueling the demand for the product. The cloud billing services enable services that focus on both functional as well as non-functional requirements. An increase in demand for centralized and convergent billing solutions and a rise in demand for billing operations are propelling the growth of the market.
The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Cloud Billing market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
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Some players analyzed in the report are:
SAP, Oracle, Aria Systems, Recurly, Cerillion, ConnectWise, Salesforce, Zuora, Chargify, and AppDirect, among others.
Furthermore, the report covers a comprehensive overview of the key regions and market segmentation into types and applications. The regional analysis of the global Cloud Billing market considers key geographical regions of the world to study different aspects of the market. The market is segmented into key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa.
Emergen Research has segmented into the global Cloud Billing Market on the basis of component, billing type, deployment type, service model, organization size, vertical, and region:
Component Outlook (Revenue, USD Billion; 2017-2027)
Solution
Services
Billing Type Outlook (Revenue, USD Billion; 2017-2027)
Subscription
Usage-based
One-Time
Others
Deployment Type Outlook (Revenue, USD Billion; 2017-2027)
Private
Public
Service Model Outlook (Revenue, USD Billion; 2017-2027)
IaaS
PaaS
SaaS
Organization Size Outlook (Revenue, USD Billion; 2017-2027)
Large Enterprises
Small and Medium-Sized Enterprise
Vertical Outlook (Revenue, USD Billion; 2017-2027)
BFSI
IT
Telecommunications
Education
Consumer Goods and Retail
Media Entertainment
Healthcare
Others
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Key Highlights of Report
Cloud billing solutions are tools that are used to bill for cloud-based infrastructure and software. These solutions can be deployed on-premises or cloud themselves. The segment will hold a significant share of xx% in 2019.
A public cloud is a multi-tenant platform with millions of users. Large public clouds have complicated billing models. For e.g., AWS provides "on-demand instances,” which the company refers to as “pay as you go.”
Infrastructure as a Service (IaaS) is a rapid computing infrastructure, managed and provisioned, over the internet. It swiftly scales up and down with demand, allowing one to pay for only what they use.
Key Benefits of Buying the Global Cloud Billing Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Cloud Billing Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Cloud Billing Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Cloud Billing Market
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