Global Cloud Billing Market Overview:
Cloud billing is the process of generating bills from resource usage data using a set of predefined billing policies. Cloud billing covers functional requirements such as quote service, conversion functions, and policies, payment schemes, and user identification and non-functional requirements such as security, scalability, standards, and fault tolerance. The need to increase business agility, along with cost-control measures, is playing a key role in the adoption of cloud-based solutions. Some of the key players profiled in the study are Amazon Web Services (United States), IBM (United States), Aria Systems (United States), Cerillion Technologies (England), BMC Software (United States), CSG International (United States), CGI Group (Canada), Blusynergy (United States), Amdocs (United States), Blulogix (United States) and Comarch (Poland).
On the basis of geography, the market of Cloud Billing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industries, the sub-segment i.e. BFSI will boost the Cloud Billing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Providers, the sub-segment i.e. Managed Service Providers will boost the Cloud Billing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Hybrid Cloud will boost the Cloud Billing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Business Needs and Changing Consumer Preferences
- Growing Demand for the Automation of Billing Processes
- Automated and Real-Time Usage
- Cost–Savings from the Cloud
- Customer Self-Service
- As Existing Billing Solutions Are Not Capable Of Representing These Usage-Based Price Models, Due To That Cloud Billing Having Strong Market Growth Potential In Future
- Ensuring Infrastructure Security and Compliance.
- Controlling the Cloud Costs.
- The Psychological Barriers like – Will the Cloud Be More Secure than My Internal Data Center,Can My Cloud Provider Maintain My Uptime Standards? Will Their Technical Support Address My Problems Quickly
Major Market Developments:
In Feb 2019, Majesco Announced The Release Of New Digital Online Billing And Payment Application, Electronic Billing & Payments. The Availability Of EBP Will Enable Insurers To Make Billing And Payment Digital And Easier. Additionally, In Jan 2019, Polaris Media Selected Aria Systems’ Cloud-Based, Billing And Monetization Platform To Meet Growing Demand For Digital Content.
Billing Solution from the Cloud from Highly Secure Computer Centers Subject To German Law
In This Market Major Players Are Focusing Towards Adopting Organic and Inorganic Growth Strategies by Taking Initiatives Such As Merger & Acquisitions, Enhancement of Products Offerings, and Expanding Global Reach
Service Providers, Government Bodies, End Users and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Cloud Billing market on the basis of product  , application [Customer Management, Account Management and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Cloud Billing market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Cloud Billing industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Zuora (United States), Cloud Billing (Netherlands) and Sterlite Technologies (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Cloud Billing market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.