Cloud Billing Market Size, Share & Analysis – 2030

1. Cloud Billing Market To Achieve A High CAGR Of 16.6% During Forecast Period -2025 The global Cloud Billing Market size is expected to grow from USD 3.0 billion in 2020 to USD 6.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period according to report published by MarketsandMarkets. The key factors that are expected to drive the growth of the market are the need for lower OPEX and CAPEX and increasing revenue leakages across industries. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1022 Solutions segment to hold a larger market size during the forecast period Cloud billing solutions are tools that perform the billing of cloud-based software and infrastructure and act as a single source of invoicing. Cloud billing solutions include features such as the ability to easily accommodate new SKUs or pricing changes, calculate usage charges, and track third-party billing & payouts. For instance, it can combine solutions such as Microsoft Office 365, Azure, and Cisco into one billing engine and eliminate disparate portals and invoices. SMEs segment to grow at the highest CAGR during the forecast period Organizations with less than 1,000 employees are categorized under the SMEs segment. They have a low marketing budget and often lack the resources and capabilities required for effective marketing orchestration. Customer data is important for any organization. SMEs, with their limited marketing budget, try to scale up their business through cost-effective marketing techniques to generate maximum RoI from their marketing spend. The intense competitive market scenario has encouraged SMEs to invest in cloud billing solutions & services and derive insights from a large pool of data for their business growth. Consumer goods & retail vertical to grow at the highest CAGR during the forecast period The consumer goods & retail vertical is adopting advanced technologies such as cloud computing, Big Data analytics, DevOps, digital stores, and social networks at a high rate. The various factors driving this adoption are the rising purchasing power of customers and the increasing customer expectations, leading to existing customer retention and new customer acquisition. Online retailing and cloud technologies have significantly disrupted the retail & consumer goods vertical, leading to the adoption of cloud computing mainly for storage, backup, and security services. Cloud computing services enable retailers to access customer data with just one click from any store located anywhere, leading to better customer service delivery. Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1022 North America to account for the highest market share during the forecast period Stable economic conditions and increasing SaaS adoption are expected to offer major significant drivers for the cloud billing market in North America. The US is estimated to hold the largest share of the North America cloud billing market in 2020, and the trend is expected to continue until 2025. It is a technologically advanced country due to the high level of technology awareness and the presence of a large number of CSPs, TSPs, and MSPs. The presence of giant cloud players, such as Microsoft, AWS, and IBM (all headquartered in the US), contributes to the growth of cloud computing in the US. The major players in the cloud billing market are Oracle (US), SAP (Germany), Salesforce (US), Zuora (US), Aria System (US), OneBill (US), BillingPlatform (US), Recurly (US), Jamcracker (US), Cerillion (UK), CGI (Canada), ConnectWise (US),

2. Zoho (India), AppDirect (US), CloudBilling (Netherlands), Chargebee (US), RecVue (US), Cloud Assert (US), CloudXchange.io (India), and Chargify (US). The study includes an in-depth competitive analysis of key players in the cloud billing market with their company profiles, recent developments, COVID-19 developments, and key market strategies. About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are moulded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit MarketsandMarkets™ or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com