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Cloud Billing Market is estimated to grow at a CAGR of 27.28% by 2023

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Cloud Billing Market is estimated to grow at a CAGR of 27.28% by 2023

In the Report “Cloud Billing Market: By Type (Subscription Billing, Metered Billing, Cloud Service Billing, Provisioning); By Application (Customer, Revenue, Account); By Verticals (BFSI, Retail, Education, Public Sector & Utilities, Healthcare, others); By Geography - (2018-2023)” published by IndustryARC, the market is driven by the growing need to deploy low cost, convenient, and flexible billing solutions. This report covers cloud billing Market Size by Product and applications, cloud billing market share by top 5 companies and also the market share by start-ups during the forecast period. Global Cloud Billing Market is estimated to grow at a CAGR of 27.28% and to hit revenue of $11.89 billion by 2023.

North America continues to lead with major growth in the Cloud Billing Market

North America is the foremost region for cloud billing market, witnessing a revenue of $1.35 billion in 2017. The market size is predicted to reach $3.9 billion by 2023. The higher level of adoptions for this market is basically due to high acceptance of cloud server applications in various industry verticals. The region to lead the market is Europe, generating revenue of $3401 million in 2023 and growing at a CAGR of 17.79% throughout the forecast period. Germany and U.K. are the dominant regions for cloud billing market in this region. Asia-Pacific is the fastest growing region at a CAGR of 22.87% for the forecast period of 2018-2023.

To access / purchase the full report browse the link below

https://www.industryarc.com/Report/16303/cloud-billing-market.html

Report Price: US $5250

Selected Type and Deployment Model Analysis done in the full Report:

Depending upon the type of cloud of billing, it is segmented into subscription billing, metered billing, cloud service billing, and provisioning. Metered billing is one of the major types of cloud billing market, which generated revenue of $1.24 billion in 2017and is estimated to grow at a CAGR of 20.22% by 2018-2023, owing to the multifold adoption of SaaS, PaaS and IaaS in the future. It is followed by cloud service billing, which generated revenue of $1.083 billion by 2017 and is projected to reach $3.36 billion by 2023.Global cloud service billing market was analyzed to be dominated by laaS with a share of 55.4% of global value in 2017. This is analyzed to be followed by SaaS, and PaaS with a share of 24.3% and 20.3% respectively.However, SaaS vertical is analysed to witness the highest growth of 25% during 2018-2023 for the adoption of online application software in the B2C sphere in the future. Subscription and provision billing is set to witness the lowest growth owing to the tough competition from the other types of cloud billing solution integrated with similar features.

Excerpts on Market Growth Factors

• Increasing adoption of real time billing solutions as well as cloud service providers are creating opportunities for the market. Example: increase in mobile subscribers for using the facility of real time billing is creating a huge scope for the cloud billing software market.
• Adoption of public clouds among the SMEs and, private and hybrid clouds by large enterprises, is set to drive various DCIM and Operation solutions in the future including cloud billing solutions.

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=16303

Key players of the Cloud Billing Market

The Global Cloud Billing Market study across various end user industries is incorporated in the report. Amazon and SAP AG arethe dominant players of Global Cloud Billing Market, with a share of 23% and 20%respectively. Amazon’s major development is Amazon Elastic Compute Cloud, Amazon Virtual Private Cloud, AWS Cloud Trail, AWS Cloud HSM, etc. and SAP’s services in SAP Hybris Revenue Cloud. IBM accounted for 14% of share which is the third highest revenue in the global market. Oracle has been developing new software for the cloud technologies including billing for the media and entertainment industry. Some of the major applications of Oracle Corporation are as follows: Oracle Infrastructure (IaaS), Oracle Platform (Paas), Oracle Application (SaaS)and Oracle Database (DaaS). Aria Systems, Chargify, MagnaQuest, MetraTechare few more companies having equal level of combined share in the market.

Related Report:

A. Web Real Time Communication Market

https://www.industryarc.com/Report/16341/web-real-time-communication-rtc-market.html

B. Blockchain Market

https://www.industryarc.com/Report/16303/cloud-billing-market.html

About IndustryARC:

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business.

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