Overview and Scope
Cloud billing refers to a combination of cloud computing and electronic billing. Many 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.
Sizing and Forecast
The cloud billing market size has grown rapidly in recent years. It will grow from $7.74 billion in 2024 to $8.85 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to increased demand for subscription-based services, scalability requirements of growing businesses, need for efficient and centralized billing systems, expansion of digital transformation initiatives, growing demand for cost optimization and efficiency in business operations.
The cloud billing market size is expected to see rapid growth in the next few years. It will grow to $16.79 billion in 2028 at a compound annual growth rate (CAGR) of 17.4%. The growth in the forecast period can be attributed to growing adoption of hybrid and multi-cloud environments, increasing focus on real-time billing and invoicing, emphasis on compliance and security in cloud billing, increasing demand for sustainable and eco-friendly cloud billing solutions, growing demand for cloud billing solutions in the retail, healthcare, and telecommunications sectors. Major trends in the forecast period include integration of artificial intelligence in billing processes, integration of blockchain for secure and transparent transactions, demand for personalized and customizable billing experiences, continuous evolution of pricing models, increasing collaboration between cloud service providers and billing solution providers.
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Segmentation & Regional Insights
The cloud billing market covered in this report is segmented –
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
Top 5 Major Players:
- Aria System Inc
- Amdocs Inc
- Oracle Corporation
- NEC Corporation
- Jamcracker Inc
North America was the largest region in the cloud billing market in 2024. Asia-Pacific is expected to be the fastest region in the forecast period. The regions covered in the cloud billing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rising need for lower capital and operating expenditure is expected to drive the growth of the cloud billing market in the coming years. With the advent of the cloud, billing transitioned from a separate back-office product to an essential component of the entire quote-to-cash procedure. Cloud billing allows businesses to save costs while also allowing them to give excellent customer service. For instance, according to a Flexera report published in 2021, 93% of companies are using some type of cloud-based system, and 73% preparing to optimize existing cloud usage for cost savings. Therefore, the rising need for lower capital and operating expenditure fuels the growth of the cloud billing market.
Key Industry Players
Major companies operating in the cloud billing market report are Aria System Inc., Amdocs Inc., Oracle Corporation, NEC Corporation, Jamcracker Inc., IBM Corporation, CGI Group Inc., SAP SE, Zuora Inc., BillingPlatform Corp., Recurly Inc., Cerillion plc, ConnectWise LLC, AppDirect Inc., Chargebee Inc., RecVue Inc., Chargify Inc., Salesforce. com Inc., Orbitera Inc., Amazon Web Services Inc., ChargeOver Inc., Fusebill Inc., Chargezoom LLC, Gotransverse Inc., SaaSOptics LLC, Cheddar Inc., PayStand Inc., Invoiced Inc., Zoho Corp., Paddle Ltd.
The cloud billing market report table of contents includes:
1. Executive Summary
2. Cloud Billing Market Characteristics
3. Cloud Billing Market Trends And Strategies
4. Cloud Billing Market – Macro Economic Scenario
5. Global Cloud Billing Market Size and Growth
31. Global Cloud Billing Market Competitive Benchmarking
32. Global Cloud Billing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Cloud Billing Market
34. Cloud Billing Market Future Outlook and Potential Analysis
35. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Cloud Billing Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Cloud Billing Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Cloud Billing Market, Segmentation By Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Aria System Inc. Financial Performance
Table 75: Amdocs Inc. Financial Performance
Table 76: Oracle Corporation Financial Performance
Table 77: NEC Corporation Financial Performance
Table 78: Jamcracker Inc. Financial Performance
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