Cloud Billing Market Research Report 2021-2031
The Cloud Billing market is expected to register a CAGR of 16.8% during 2023–2031. The emergence of real-time billing is likely to remain a key trend in the market.
Cloud Billing Market Analysis
- Historically, billing systems were labor-intensive and used static, on-premises software. In contrast, cloud billing systems are housed on web servers and provide real-time data processing and billing information.
- This configuration is appropriate for firms that provide services with varied consumption patterns since it correctly tracks and bills for services utilized.
- With cloud billing, real-time insights into billing data can help businesses make strategic decisions and spot patterns and opportunities for improvement.
Cloud Billing Market Overview
- Cloud billing is a method of generating bills based on resource consumption data in a cloud setting. This billing approach enables billing processes to be managed automatically, scalable, and customizable.
- It is especially beneficial for services like software, infrastructure, and online platforms.
- It is a dynamic, adaptable, and efficient approach for organizations to manage their billing demands, particularly in an environment where services and consumption vary considerably from one customer to the next.
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Cloud Billing Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Cloud Billing Market: Strategic Insights
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Cloud Billing Market Drivers and Opportunities
Scalability and Automated Features.
- Scalability is an important aspect of cloud billing. As a company grows or encounters variable demand, the cloud billing system can adjust accordingly, allowing firms to bill accurately without the need for frequent system upgrades or adjustments.
- Furthermore, cloud billing frequently incorporates advanced capabilities such as automatic invoicing, integrated payment processing, and comprehensive financial reporting. These capabilities simplify the billing process while also providing useful insights into income streams and client usage habits.
Need for lower OPEX and CAPEX
- Cloud billing systems provide customizable billing cycles, pricing structures, and payment choices to fit the needs of varied consumer segments.
- Cloud billing systems enable you to automate common operations like invoicing, payment processing, and revenue recognition, resulting in fewer errors and administrative overheads.
- These solutions are often subscription-based, allowing firms to avoid substantial upfront investments in hardware and software. This also helps to reduce costs connected with IT maintenance and upgrades.
Cloud Billing Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Cloud Billing market analysis are component, billing type, deployment type, service model, enterprise size, and industry vertical.
- By component, the market is divided into solutions and services.
- Based on billing type, the market is divided into subscription, usage-based, one-time, and others.
- Based on deployment type, the market is divided into private cloud and public cloud.
- Based on the service model, the market is divided into IaaS, PaaS, and SaaS.
- By enterprise size, the market is divided into large enterprises and small & medium-sized enterprises.
- By industry vertical, the market is divided into BFSI, IT and telecommunication, education, healthcare, media & entertainment, and others.
Cloud Billing Market Share Analysis by Geography
- Cloud Billing Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Cloud Billing market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Cloud Billing market in these regions.
Cloud Billing Market Report Scope
Cloud Billing Market News and Recent Developments
The Cloud Billing market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Cloud Billing market are listed below:
- The FinOps Foundation made generally available version 1.0 of FinOps Open Cost and Usage Specification (FOCUS) specifications that promise to make it simpler to compare the cost of comparable cloud services. Launched at a FinOps X 2024 conference, FOCUS provides a uniform format for cloud bills that are supported by Amazon Web Services (AWS), Microsoft, Google, and Oracle. (Source: FinOps Foundation, Press Release, June 2024)
Cloud Billing Market Report Coverage and Deliverables
The "Cloud Billing Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Cloud Billing market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Cloud Billing market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Cloud Billing market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Cloud Billing market
- Detailed company profiles
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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Frequently Asked Questions
The global Cloud Billing market is expected to grow at a CAGR of 16.2% during the forecast period 2023 - 2031.
The adoption of IoT technology and scalability and automated features are the major factors driving the Cloud Billing market.
The emergence of real-time billing is likely to remain a key trend in the market.
The leading players operating in the Cloud Billing market are Oracle, SAP, Salesforce, Zuora, Aria System, One8ill, BillingPlatform, Recurly, Jamcracker, and Cerillion.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Cloud Billing Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Cloud Billing Market - By Providers
3.2.2 Cloud Billing Market - By Billing Type
3.2.3 Cloud Billing Market - By Enterprise Size
3.2.4 Cloud Billing Market - By Application
3.2.5 Cloud Billing Market - By Region
3.2.5.1 By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis
4 Cloud Billing Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 Cloud Billing Market Analysis- Global
5.1 Global Cloud Billing Market Overview
5.2 Global Cloud Billing Market Forecasts and Analysis
6 Cloud Billing Market Revenue and Forecasts to 2028 - Providers
6.1 Overview
6.2 Providers Market Forecasts and Analysis
6.3 Cloud Service Providers Market
6.3.1 Overview
6.3.2 Cloud Service Providers Market Forecasts and Analysis
6.4 Telecom and Communication Service Providers Market
6.4.1 Overview
6.4.2 Telecom and Communication Service Providers Market Forecasts and Analysis
6.5 Managed Service Providers Market
6.5.1 Overview
6.5.2 Managed Service Providers Market Forecasts and Analysis
7 Cloud Billing Market Revenue and Forecasts to 2028 - Billing Type
7.1 Overview
7.2 Billing Type Market Forecasts and Analysis
7.3 Cloud Service Billing Market
7.3.1 Overview
7.3.2 Cloud Service Billing Market Forecasts and Analysis
7.4 Subscription Billing Market
7.4.1 Overview
7.4.2 Subscription Billing Market Forecasts and Analysis
7.5 Metered Billing Market
7.5.1 Overview
7.5.2 Metered Billing Market Forecasts and Analysis
7.6 Others Market
7.6.1 Overview
7.6.2 Others Market Forecasts and Analysis
8 Cloud Billing Market Revenue and Forecasts to 2028 -Enterprise Size
8.1 Overview
8.2 Enterprise Size Market Forecasts and Analysis
8.3 Small and Medium Enterprise Market
8.3.1 Overview
8.3.2 Small and Medium Enterprise Market Forecasts and Analysis
8.4 Large Enterprise Market
8.4.1 Overview
8.4.2 Large Enterprise Market Forecasts and Analysis
9 Cloud Billing Market Revenue and Forecasts to 2028 - Application
9.1 Overview
9.2 Application Market Forecasts and Analysis
9.3 Banking, Financial services and Insurance (BFSI) Market
9.3.1 Overview
9.3.2 Banking, Financial services and Insurance (BFSI) Market Forecasts and Analysis
9.4 Healthcare and Life Sciences Market
9.4.1 Overview
9.4.2 Healthcare and Life Sciences Market Forecasts and Analysis
9.5 Retail Market
9.5.1 Overview
9.5.2 Retail Market Forecasts and Analysis
9.6 Public Sector and Utilities Market
9.6.1 Overview
9.6.2 Professional Services Market Forecasts and Analysis
9.7 Media and Entertainment Market
9.7.1 Overview
9.7.2 Media and Entertainment Market Forecasts and Analysis
9.8 Telecommunication Market
9.8.1 Overview
9.8.2 Telecommunication Market Forecasts and Analysis
9.9 Others Market
9.9.1 Overview
9.9.2 Others Market Forecasts and Analysis
10 Cloud Billing Market Revenue and Forecasts to 2028 - Geographical Analysis
10.1 North America
10.1.1 North America Cloud Billing Market Overview
10.1.2 North America Cloud Billing Market Forecasts and Analysis
10.1.2.1 North America Market Forecasts and Analysis - By Countries
10.1.2.1.1 US market
10.1.2.1.2 Canada market
10.1.2.1.3 Mexico market
10.1.2.2 North America Market Forecasts and Analysis - By Providers
10.1.2.3 North America Market Forecasts and Analysis - By Billing Type
10.1.2.4 North America Market Forecasts and Analysis - By Enterprise Size
10.1.2.5 North America Market Forecasts and Analysis - By Application
10.2 Europe
10.2.1 Europe Cloud Billing Market Overview
10.2.2 Europe Cloud Billing Market Forecasts and Analysis
10.2.2.1 Europe Market Forecasts and Analysis - By Countries
10.2.2.1.1 France market
10.2.2.1.2 Germany market
10.2.2.1.3 Italy market
10.2.2.1.4 Spain market
10.2.2.1.5 UK market
10.2.2.2 Europe Market Forecasts and Analysis - By Providers
10.2.2.3 Europe Market Forecasts and Analysis - By Billing Type
10.2.2.4 Europe Market Forecasts and Analysis - By Enterprise Size
10.2.2.5 Europe Market Forecasts and Analysis - By Application
10.3 Asia pacific (APAC)
10.3.1 Asia Pacific Cloud Billing Market Overview
10.3.2 Asia Pacific Cloud Billing Market Forecasts and Analysis
10.3.2.1 Asia Pacific Market Forecasts and Analysis - By Countries
10.3.2.1.1 Australia market
10.3.2.1.2 China market
10.3.2.1.3 India market
10.3.2.1.4 Japan market
10.3.2.2 Asia Pacific Market Forecasts and Analysis - By Providers
10.3.2.3 Asia Pacific Market Forecasts and Analysis - By Billing Type
10.3.2.4 Asia Pacific Market Forecasts and Analysis - By Enterprise Size
10.3.2.5 Asia Pacific Market Forecasts and Analysis - By Application
10.4 Middle East and Africa (MEA)
10.4.1 Middle East and Africa Cloud Billing Market Overview
10.4.2 Middle East and Africa Cloud Billing Market Forecasts and Analysis
10.4.2.1 Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.2.1.1 South Africa market
10.4.2.1.2 Saudi Arabia market
10.4.2.1.3 UAE market
10.4.2.2 Middle East and Africa Market Forecasts and Analysis - By Providers
10.4.2.3 Middle East and Africa Market Forecasts and Analysis - By Billing Type
10.4.2.4 Middle East and Africa Market Forecasts and Analysis - By Enterprise Size
10.4.2.5 Middle East and Africa Market Forecasts and Analysis - By Application
10.5 South America (SAM)
10.5.1 South America Cloud Billing Market Overview
10.5.2 South America Cloud Billing Market Forecasts and Analysis
10.5.2.1 South America Market Forecasts and Analysis - By Countries
10.5.2.1.1 Brazil market
10.5.2.2 South America Market Forecasts and Analysis - By Providers
10.5.2.3 South America Market Forecasts and Analysis - By Billing Type
10.5.2.4 South America Market Forecasts and Analysis - By Enterprise Size
10.5.2.5 South America Market Forecasts and Analysis - By Application
11 Industry Landscape
11.1 Mergers & acquisitions
11.2 Market Initiatives
11.3 New developments
11.4 Investment scenarios
12 Competitive Landscape
12.1 Competitive Product mapping
12.2 Market Positioning/ Market Share
13 Cloud Billing Market, Key Company Profiles
13.1 Oracle Corporation
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Amazon Web Services, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 NEC Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Computer Sciences Corporation (CSC)
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 SAP SE
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 IBM
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Amdocs Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Aria Systems, Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 CGI Group Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Zuora, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14 Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
14.3 Research Methodology
The List of Companies
1. Oracle Corporation
2. Amazon Web Services, Inc.
3. NEC Corporation
4. Computer Sciences Corporation (CSC)
5. SAP SE
6. IBM
7. Amdocs Inc.
8. Aria Systems, Inc.
9. CGI Group Inc.
10. Zuora, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.