Cloud Billing Market 2023 Research Revenue and Prospects Details for Business Development (Technology, Market Size, Growth, Factors & players)

Global Cloud Billing Market Research Report By Type (Subscription Billing, Cloud Service Billing), Application (Account Management, Revenue Management), Deployment (Public, Private Hybrid), Providers, Organization Size, End-Users — Forecast Till 2023

Market Overview:

Cloud billing gives the information of on-going costs for cloud resources. Cloud billing is fabricated on metadata-driven architecture where it allows organizations to create or replace existing services. On the basis of type the segment is further classified into subscription billing, cloud service billing, metered billing, provisioning and others.

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In the case of metered billing model, the organizations can manage the usage of cloud utilities and helps in capitalizing needs and upgrades. Zuora an American software enterprise company which offers SaaS (Software as a Service) applications is offering billing software which possess many added advantages like recurring billing, real-time tax calculations, multi-entity management and many more. The company offers cloud billing solutions on basis of subscription models, metering model and specifically designed mobile and computer applications. The cloud service billing can be further classified into infrastructure as a service, platform as a service and software as a service. 

The software as service plays the major role in cloud billing market. Users get the liberty to pay for what they use. SaaS helps in deploying applications on any device remotely and helps in maintain healthy cash flow. Since most of the organizations deployed cloud as their integral part, SaaS-based cloud billing helps in fuelling the market growth. However, managing the customer subscriptions in SaaS model is the major concern for the cloud providers.

The end-users of cloud billing market are BFSI, retail, manufacturing, logistics, media & entertainment, education among others. In the area of retail, the cloud billing is speedily gaining prominence due to its numerous advantages. It helps in establishing easy Point of Sale (POS) billing which helps to establish kiosks or tabs for billing. The software will possess inbuilt tools like customer engagement tools, inventory management and dashboard of sales which helps to monitor the performance of retail store.

The SMEs are expected to hold major market share for global cloud billing market. The prominence of cloud-based solutions and availability of software as a service and metering solutions of cloud availability are driving SMEs to adopt cloud-based solutions.

Some of the key players in the global cloud billing market are Zuora Inc. (U.S.), Amdocs (U.S.), Oracle Corporation (U.S.), Amazon Web Services, Inc. (U.S.), IBM Corporation (U.S.), NEC Corporation (Japan), Computer Sciences Corporation (CSC) (U.S.), SAP SE (Germany), Aria Systems, Inc. (U.S.), Cloudability (U.S.), Aria Systems, Inc.(U.S.), CGI Group Inc (Canada) among others.

Some key innovators are Utilibill (Australia), Verizon Wireless (U.S.), Chargebee (U.S.), BMC Software (U.S.), Comverse Technology, Inc. (U.S.), CSG International (U.S.), Comarch (Poland), Globetom (South Africa), Interworks (U.S.), Redknee (Canada), Zuora (U.S.), Metratech (U.S.), Blusynergy (U.S.) and others.

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