The North America Cloud Billing Market would witness market growth of 14.4% CAGR during the forecast period (2022-2028).
Cloud billing software plays an essential role in maintaining and building profitable consumer relationships. Due to the most fragile parts of a trade relationship, the consumers must trust that they are receiving appropriate value for money spent and are being invoiced correctly. The trust could be irreversibly damaged when the billing procedure doesn’t go smoothly.
Cloud billing software developed for current complexities provides protection against possible setbacks. From flexible billing, pricing, and payment options to automation of recurring billing, the cloud-based billing platform allows support for any company’s model and repeatedly provides high-quality transactions.
The capability to efficiently and quickly roll out combinations of recurring, subscription, and usage-based payment models, is increasingly becoming important as technological development accelerates. For example, the IoT (Internet of Things) is now stimulated through 5G technology. In contrast to on-premise billing systems, cloud-based billing software allows the conversion and collection of a vast amount of raw data from various sources and, utilizes the data for diversified offerings, and turns utilization into revenue.
In addition, IT professionals are better equipped with cloud software which helps in meeting the demands of the various portfolio of projects and programs set by the government of Canada. By accepting cloud, the GC could bring balance into IT s demand & supply. Additionally, businesses across Canada and the US are utilizing hybrid telco cloud services to implement best-in-class artificial intelligence and data analytics accessible in the public cloud for better accomplishment. Thus, the rising adoption of cloud computing services and supportive government initiatives will increase the growth of the cloud billing market throughout the predicted period.
The US market dominated the North America Cloud Billing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,451.2 million by 2028.The Canada market is poised to grow at a CAGR of 17% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 15.9% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Service Model, the market is segmented into SaaS, IaaS and PaaS. Based on Billing Type, the market is segmented into Usage Based, Subscription, One Time and Others. Based on Deployment Type, the market is segmented into Public, Private and Hybrid. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Sized Enterprises. Based on Vertical, the market is segmented into Telecom & IT, BFSI, Media & Entertainment, Education, Construction, Healthcare, Consumer Goods & Retail and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Aria Systems, Inc., Recurly, Inc., Zuora Inc., SAP SE, Oracle Corporation, Cerillion PLC, Salesforce.com, Inc., Zoho Corporation Pvt. Ltd., and CGI, Inc.
Cloud billing software plays an essential role in maintaining and building profitable consumer relationships. Due to the most fragile parts of a trade relationship, the consumers must trust that they are receiving appropriate value for money spent and are being invoiced correctly. The trust could be irreversibly damaged when the billing procedure doesn’t go smoothly.
Cloud billing software developed for current complexities provides protection against possible setbacks. From flexible billing, pricing, and payment options to automation of recurring billing, the cloud-based billing platform allows support for any company’s model and repeatedly provides high-quality transactions.
The capability to efficiently and quickly roll out combinations of recurring, subscription, and usage-based payment models, is increasingly becoming important as technological development accelerates. For example, the IoT (Internet of Things) is now stimulated through 5G technology. In contrast to on-premise billing systems, cloud-based billing software allows the conversion and collection of a vast amount of raw data from various sources and, utilizes the data for diversified offerings, and turns utilization into revenue.
In addition, IT professionals are better equipped with cloud software which helps in meeting the demands of the various portfolio of projects and programs set by the government of Canada. By accepting cloud, the GC could bring balance into IT s demand & supply. Additionally, businesses across Canada and the US are utilizing hybrid telco cloud services to implement best-in-class artificial intelligence and data analytics accessible in the public cloud for better accomplishment. Thus, the rising adoption of cloud computing services and supportive government initiatives will increase the growth of the cloud billing market throughout the predicted period.
The US market dominated the North America Cloud Billing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,451.2 million by 2028.The Canada market is poised to grow at a CAGR of 17% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 15.9% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Service Model, the market is segmented into SaaS, IaaS and PaaS. Based on Billing Type, the market is segmented into Usage Based, Subscription, One Time and Others. Based on Deployment Type, the market is segmented into Public, Private and Hybrid. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Sized Enterprises. Based on Vertical, the market is segmented into Telecom & IT, BFSI, Media & Entertainment, Education, Construction, Healthcare, Consumer Goods & Retail and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Aria Systems, Inc., Recurly, Inc., Zuora Inc., SAP SE, Oracle Corporation, Cerillion PLC, Salesforce.com, Inc., Zoho Corporation Pvt. Ltd., and CGI, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Solution
- Services
By Service Model
- SaaS
- IaaS
- PaaS
By Billing Type
- Usage Based
- Subscription
- One Time
- Others
By Deployment Type
- Public
- Private
- Hybrid
By Enterprise Size
- Large Enterprises
- Small & Medium Sized Enterprises
By Vertical
- Telecom & IT
- BFSI
- Media & Entertainment
- Education
- Construction
- Healthcare
- Consumer Goods & Retail
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Aria Systems, Inc
- Recurly, Inc
- Zuora Inc
- SAP SE
- Oracle Corporation
- Cerillion PLC
- Salesforce.com, Inc
- Zoho Corporation Pvt. Ltd
- CGI, Inc
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cloud Billing Market, by Component
1.4.2 North America Cloud Billing Market, by Service Model
1.4.3 North America Cloud Billing Market, by Billing Type
1.4.4 North America Cloud Billing Market, by Deployment Type
1.4.5 North America Cloud Billing Market, by Enterprise Size
1.4.6 North America Cloud Billing Market, by Vertical
1.4.7 North America Cloud Billing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Cloud Billing Market
Chapter 4. North America Cloud Billing Market by Component
4.1 North America Solution Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Cloud Billing Market by Service Model
5.1 North America SaaS Market by Country
5.2 North America IaaS Market by Country
5.3 North America PaaS Market by Country
Chapter 6. North America Cloud Billing Market by Billing Type
6.1 North America Usage Based Market by Country
6.2 North America Subscription Market by Country
6.3 North America One Time Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Cloud Billing Market by Deployment Type
7.1 North America Public Market by Country
7.2 North America Private Market by Country
7.3 North America Hybrid Market by Country
Chapter 8. North America Cloud Billing Market by Enterprise Size
8.1 North America Large Enterprises Market by Country
8.2 North America Small & Medium Sized Enterprises Market by Country
Chapter 9. North America Cloud Billing Market by Vertical
9.1 North America Telecom & IT Market by Country
9.2 North America BFSI Market by Country
9.3 North America Media & Entertainment Market by Country
9.4 North America Education Market by Country
9.5 North America Construction Market by Country
9.6 North America Healthcare Market by Country
9.7 North America Consumer Goods & Retail Market by Country
9.8 North America Others Market by Country
Chapter 10. North America Cloud Billing Market by Country
10.1 US Cloud Billing Market
10.1.1 US Cloud Billing Market by Component
10.1.2 US Cloud Billing Market by Service Model
10.1.3 US Cloud Billing Market by Billing Type
10.1.4 US Cloud Billing Market by Deployment Type
10.1.5 US Cloud Billing Market by Enterprise Size
10.1.6 US Cloud Billing Market by Vertical
10.2 Canada Cloud Billing Market
10.2.1 Canada Cloud Billing Market by Component
10.2.2 Canada Cloud Billing Market by Service Model
10.2.3 Canada Cloud Billing Market by Billing Type
10.2.4 Canada Cloud Billing Market by Deployment Type
10.2.5 Canada Cloud Billing Market by Enterprise Size
10.2.6 Canada Cloud Billing Market by Vertical
10.3 Mexico Cloud Billing Market
10.3.1 Mexico Cloud Billing Market by Component
10.3.2 Mexico Cloud Billing Market by Service Model
10.3.3 Mexico Cloud Billing Market by Billing Type
10.3.4 Mexico Cloud Billing Market by Deployment Type
10.3.5 Mexico Cloud Billing Market by Enterprise Size
10.3.6 Mexico Cloud Billing Market by Vertical
10.4 Rest of North America Cloud Billing Market
10.4.1 Rest of North America Cloud Billing Market by Component
10.4.2 Rest of North America Cloud Billing Market by Service Model
10.4.3 Rest of North America Cloud Billing Market by Billing Type
10.4.4 Rest of North America Cloud Billing Market by Deployment Type
10.4.5 Rest of North America Cloud Billing Market by Enterprise Size
10.4.6 Rest of North America Cloud Billing Market by Vertical
Chapter 11. Company Profiles
11.1 Oracle Corporation
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.6 SWOT Analysis
11.2 SAP SE
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Segmental and Regional Analysis
11.2.4 Research & Development Expense
11.2.5 Recent strategies and developments:
11.2.5.1 Partnerships, Collaborations, and Agreements:
11.2.6 SWOT Analysis
11.3 Amazon Web Services, Inc. (Amazon.com, Inc.)
11.3.1 Company Overview
11.3.2 Financial Analysis
11.3.3 Segmental Analysis
11.3.4 SWOT Analysis
11.4 CGI, Inc.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Regional Analysis
11.4.4 Research & Development Expense
11.4.5 SWOT Analysis
11.5 Salesforce.com, Inc.
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Regional Analysis
11.5.4 Research & Development Expense
11.5.5 Recent strategies and developments:
11.5.5.1 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 Cerillion PLC
11.6.1 Company Overview
11.6.2 Financial Analysis
11.6.3 Segmental and Regional Analysis
11.6.4 Research & Development Expense
11.7 Zuora Inc.
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Regional Analysis
11.7.4 Research & Development Expenses
11.7.5 Recent strategies and developments:
11.7.5.1 Acquisition and Mergers:
11.8 Aria Systems, Inc.
11.8.1 Company Overview
11.8.2 Recent strategies and developments:
11.8.2.1 Partnerships, Collaborations, and Agreements:
11.9 Zoho Corporation Pvt. Ltd.
11.9.1 Company Overview
11.10. Recurly, Inc.
11.10.1 Company Overview
11.10.2 Recent strategies and developments:
11.10.2.1 Partnerships, Collaborations, and Agreements:
11.10.2.2 Acquisition and Mergers:
Companies Mentioned
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Aria Systems, Inc.
- Recurly, Inc.
- Zuora Inc.
- SAP SE
- Oracle Corporation
- Cerillion PLC
- Salesforce.com, Inc.
- Zoho Corporation Pvt. Ltd.
- CGI, Inc.
Methodology
LOADING...
