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.
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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.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Cloud Billing Market by Component
- Solutions
- Services
Global Cloud Billing Market by Billing Type
- Subscription Type
- Usage Based
- Others (One-Time)
Global Cloud Billing Market by Deployment type
- Private
- Public
Global Cloud Billing Market by Service Type
- Infrastructure-as-a-Service (IaaS)
- Platform-as-a-Service (PaaS)
- Software-as-a-Services (SaaS)
Global Cloud Billing Market by End-use
- BFSI
- IT & Telecommunication
- Education
- Healthcare
- Consumer Goods and Retail
- Others (Media & Entertainment)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AppDirect, Inc.
- Aria Systems, Inc.
- BillingPlatform
- Cerillion Technologies Ltd.
- CGI Inc.
- CHARGEBEE INC.
- Chargify, LLC
- CLOUDBILLING
- ConnectWise, LLC
- Jamcracker, Inc.
- ONEBILL
- Oracle Corp.
- Recurly, Inc.
- RecVue, Inc.
- Salesforce, Inc.
- SAP SE
- Zoho Corp.
- Zuora, Inc.
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.
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