Cloud Billing Market
Cloud Billing Market Size, Share & Trends Analysis Report by Component (Solutions and Services), by Billing Type (Subscription Type, Usage-Based, and Others), by Deployment Type (Private and Public), by Service Type (Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS)), and by End-use (BFSI, IT & Telecommunication, Education, Healthcare, Consumer Goods and Retail, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Cloud billing market is anticipated to grow at a considerable CAGR of 17.2% during the forecast period. The market growth is attributed to several factors which include the growing advancements along with the increased use of cloud-based technologies, and the rising demand for real-time billing. Further, the rising integration of cloud-based billing systems by enterprises is another factor fuelling the demand for the market. For instance, in August 2022, Aarav Solutions completed System Integrator (SI) project on Equifax Canada's Global Financial System (GFS) billing platform. The company build an automated, cloud, and event-based global billing solution for Equifax Canada. The GFS initiative is part of Equifax's mission to streamline multiple billing processes into one global billing system and replaces Equifax Canada's accounting and invoicing system.
Segmental Outlook
The global cloud billing market is segmented based on its component, billing type, deployment type, service type, and end-use. Based on its component, the market is sub-segmented into solutions and services. Based on the billing type, the market is categorized into subscription type, usage-based, and others. Based on the deployment type, the market is bifurcated into private and public. Based on the service type, the market is categorized into IaaS, PaaS, and SaaS. Further, based on the end-use, the market is sub-segmented into BFSI, IT & telecommunications, education, healthcare, consumer goods and retail, and others. Among the deployment type, the private sub-segment is anticipated to hold a prominent market share owing to the rising adoption of automated and personalized cloud-based services by enterprises.
Among the end-use, the IT & telecommunications sub-segment is anticipated to register significant growth over the forecast period. Telecom billing systems include a wide range of tasks such as bill creation, data tracking, modulation of voice, aggregating, and levying charges according to tariffs along with allowing CRM (customer relationship management) software, all by using a variety of cloud-based solutions on public, private, and hybrid cloud. Telecom operators offer various services which include data, voice, IPTV, post-paid, VOIP, and prepaid services with various payment methods. All such services are required to be delivered through a single system, further resulting in increased use and growth of the cloud billing market. Thus, the telecom cloud billing industry is benefiting from fast economic expansion coupled with increased smartphone penetration.
Regional Outlooks
The global cloud billing market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the European regional market is anticipated to cater to prominent growth over the forecast period.
Global Cloud Billing Market Growth, by Region 2022-2028
North America is Anticipated to Hold a Significant Share in the Global Cloud Billing Market
Among all regions, North America is expected to hold a significant market share during the forecast period. The increasing growth of online applications is the major factor propelling the market growth. In addition, the growing investment in companies and start-ups offering cloud-based platforms is further anticipated to bolster the demand for cloud-based billing in the region. For instance, in October 2021, Gotransverse, a provider of enterprise order-to-cash solutions received an investment of $25 million from German private equity investors. The company aims to use the investment in expanding its global operations via increased sales and marketing efforts for its cloud-based billing and subscription management platform, further enabling the company to monetize its products and services at scale.
Market Players Outlook
The major companies serving the global cloud billing market include Oracle Corp., Salesforce, Inc., SAP SE, Zuora, Inc., Aria Systems, Inc., Recurly, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2020, OneBill partnered with DocuSend, a cloud-based mailroom that automates the printing and mailing of invoices, billing statements, and other important customer communications using proprietary PDF technology. Through this partnership, OneBill will provide its customers with a remote print-to-mail service, which in turn will drive billing efficiency along with less reliance on manual processes such as printing, stuffing, and mailing invoices.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cloud billing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Cloud Billing Market by Component
4.1.1. Solutions
4.1.2. Services
4.2. Global Cloud Billing Market by Billing Type
4.2.1. Subscription Type
4.2.2. Usage Based
4.2.3. Others (One-Time)
4.3. Global Cloud Billing Market by Deployment type
4.3.1. Private
4.3.2. Public
4.4. Global Cloud Billing Market by Service Type
4.4.1. Infrastructure-as-a-Service (IaaS)
4.4.2. Platform-as-a-Service (PaaS)
4.4.3. Software-as-a-Services (SaaS)
4.5. Global Cloud Billing Market by End-use
4.5.1. BFSI
4.5.2. IT & Telecommunication
4.5.3. Education
4.5.4. Healthcare
4.5.5. Consumer Goods and Retail
4.5.6. Others (Media & Entertainment)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AppDirect, Inc.
6.2. Aria Systems, Inc.
6.3. BillingPlatform
6.4. Cerillion Technologies Ltd.
6.5. CGI Inc.
6.6. CHARGEBEE INC.
6.7. Chargify, LLC
6.8. CLOUDBILLING
6.9. ConnectWise, LLC
6.10. Jamcracker, Inc.
6.11. ONEBILL
6.12. Oracle Corp.
6.13. Recurly, Inc.
6.14. RecVue, Inc.
6.15. Salesforce, Inc.
6.16. SAP SE
6.17. Zoho Corp.
6.18. Zuora, Inc.
1. GLOBAL CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL CLOUD BILLING SOLUTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL CLOUD BILLING SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY BILLING TYPE, 2021-2028 ($ MILLION)
5. GLOBAL SUBSCRIPTION-BASED CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL USAGE-BASED CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL OTHERS CLOUD BILLING TYPE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
9. GLOBAL PRIVATE CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL PUBLIC CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY SERVICE TYPE, 2021-2028 ($ MILLION)
12. GLOBAL IAAS BILLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL PAAS BILLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL SAAS BILLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
16. GLOBAL CLOUD BILLING FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL CLOUD BILLING FOR IT & TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL CLOUD BILLING FOR EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL CLOUD BILLING FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. GLOBAL CLOUD BILLING FOR CONSUMER GOODS AND RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21. GLOBAL CLOUD BILLING FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
22. GLOBAL CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
23. NORTH AMERICAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. NORTH AMERICAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
25. NORTH AMERICAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY BILLING TYPE, 2021-2028 ($ MILLION)
26. NORTH AMERICAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
27. NORTH AMERICAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY SERVICE TYPE , 2021-2028 ($ MILLION)
28. NORTH AMERICAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
29. EUROPEAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. EUROPEAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
31. EUROPEAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY BILLING TYPE, 2021-2028 ($ MILLION)
32. EUROPEAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
33. EUROPEAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY SERVICE TYPE , 2021-2028 ($ MILLION)
34. EUROPEAN CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
35. ASIA-PACIFIC CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
36. ASIA-PACIFIC CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
37. ASIA-PACIFIC CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY BILLING TYPE, 2021-2028 ($ MILLION)
38. ASIA-PACIFIC CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
39. ASIA-PACIFIC CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY SERVICE TYPE , 2021-2028 ($ MILLION)
40. ASIA-PACIFIC CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
41. REST OF THE WORLD CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
42. REST OF THE WORLD CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
43. REST OF THE WORLD CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY BILLING TYPE, 2021-2028 ($ MILLION)
44. REST OF THE WORLD CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2021-2028 ($ MILLION)
45. REST OF THE WORLD CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY SERVICE TYPE , 2021-2028 ($ MILLION)
46. REST OF THE WORLD CLOUD BILLING MARKET RESEARCH AND ANALYSIS BY END-USE, 2021-2028 ($ MILLION)
1. GLOBAL CLOUD BILLING MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
2. GLOBAL CLOUD BILLING SOLUTIONS MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL CLOUD BILLING SERVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL CLOUD BILLING MARKET SHARE BY BILLING TYPE, 2021 VS 2028 (%)
5. GLOBAL SUBSCRIPTION-BASED CLOUD BILLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL USAGE-BASED CLOUD BILLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL OTHER CLOUD BILLING TYPES MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL CLOUD BILLING MARKET SHARE BY DEPLOYMENT TYPE, 2021 VS 2028 (%)
9. GLOBAL PRIVATE CLOUD BILLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL PUBLIC CLOUD BILLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL CLOUD BILLING MARKET SHARE BY SERVICE TYPE, 2021 VS 2028 (%)
12. GLOBAL IAAS BILLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL PAAS BILLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL SAAS BILLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL CLOUD BILLING MARKET SHARE BY END-USE, 2021 VS 2028 (%)
16. GLOBAL CLOUD BILLING FOR BFSI MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL CLOUD BILLING FOR IT & TELECOMMUNICATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL CLOUD BILLING FOR EDUCATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. GLOBAL CLOUD BILLING FOR HEALTHCARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
20. GLOBAL CLOUD BILLING FOR CONSUMER GOODS AND RETAIL MARKET SHARE BY REGION, 2021 VS 2028 (%)
21. GLOBAL CLOUD BILLING FOR OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
22. GLOBAL CLOUD BILLING MARKET SHARE BY REGION, 2021 VS 2028 (%)
23. US CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
24. CANADA CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
25. UK CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
26. FRANCE CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
27. GERMANY CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
28. ITALY CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
29. SPAIN CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF EUROPE CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
31. INDIA CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
32. CHINA CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
33. JAPAN CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
34. SOUTH KOREA CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
35. REST OF ASIA-PACIFIC CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD CLOUD BILLING MARKET SIZE, 2021-2028 ($ MILLION)
