The global Cloud Billing Market is forecasted to be worth USD 8.84 Billion by 2027, according to a current analysis by Emergen Research. Cloud billing ensures cost-efficiency as they reduce the IT infrastructure and resources, which leads to the adoption of these services. It also offers various benefits such as increased transparency in charging and billing processes, virtualized workplaces, simplified operations, flexibility to upscale, and enhanced performance.

The use of cloud billing improves the record-keeping procedure, which makes it faster to access and also provides the ability to access information from anywhere. The increasing popularity of service-oriented culture and consumer-oriented services are fueling the demand for the product.   The cloud billing services enable services that focus on both functional as well as non-functional requirements. An increase in demand for centralized and convergent billing solutions and a rise in demand for billing operations are propelling the growth of the market.

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An increase in demand for real-time billing and maintenance of customer relationship management provides lucrative opportunities for the development of the cloud billing market. However, time-consuming changes from on-premises to cloud-based billing and constant change in the technologies hamper the growth of the market.

The report is a comprehensive research study of the global Cloud Billing Market inclusive of the latest trends, growth factors, developments, opportunities, and competitive landscape. The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report is formulated with data gathered from primary and secondary research examined and validated by industry experts. The report provides an overview of the market leaders, segmentation by type, application, and region, and technological advancements.

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Emergen Research has segmented into the global Cloud Billing Market on the basis of component, billing type, deployment type, service model, organization size, vertical, and region:

Component Outlook (Revenue, USD Billion; 2017-2027)

Solution

Services

Billing Type Outlook (Revenue, USD Billion; 2017-2027)

Subscription

Usage-based

One-Time

Others

Deployment Type Outlook (Revenue, USD Billion; 2017-2027)

Private

Public

Service Model Outlook (Revenue, USD Billion; 2017-2027)

IaaS

PaaS

SaaS

Organization Size Outlook (Revenue, USD Billion; 2017-2027)

Large Enterprises

Small and Medium-Sized Enterprise

Vertical Outlook (Revenue, USD Billion; 2017-2027)

BFSI

IT

Telecommunications

Education

Consumer Goods and Retail

Media Entertainment

Healthcare

Others

The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.

Some players analyzed in the report are:

SAP, Oracle, Aria Systems, Recurly, Cerillion, ConnectWise, Salesforce, Zuora, Chargify, and AppDirect, among others.

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Detailed Regional Analysis covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The report addresses the following key points:

The report estimates the expected market size from 2020-2027

The report provides a forecast of market drivers, restraints, and future opportunities for the Cloud Billing market

The report further analyses the changing market dynamics

Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

Extensive competitive landscape mapping with profiles of the key competitors

In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies

Revenue forecast, country scope, application insights, and product insights

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