Need for lower operational and administration expenditure driving the cloud billing market growth. Cost of the product and quality of service are the key factors in any market to retain the business. The promising feature of cloud billing to reduce operational and administration expenditure is creating new opportunities in various end-user industries. In addition, need for lower OPEX and CAPEX and adoption of IoT technology in cloud billing in process industries. Thus, these factors drives the growth of the cloud billing market size. However, increasing cyberattacks and data theft activities and high cost for investment compared with on premises billing hampering the growth of the credit card issuance market size. On the contrary, growing need among enterprises to leverage BI will provide major lucrative opportunities for growth of the cloud billing market.
The cloud billing market is segmented on the basis of component, billing type, deployment type, service model, enterprise size and industry vertical. By component, it is segmented into life solution and services. By billing type, it is bifurcated into subscription, usage based, one time and others. By deployment type, it is segmented into private cloud, public cloud and hybrid cloud. By service model, it is segmented into IaaS, PaaS and SaaS. By enterprise size, it is bifurcated into large enterprises and small and medium-sized enterprises. By industry vertical, BFSI, IT and telecommunication, education, construction, media and entertainment, healthcare and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the cloud billing market such as Amazon Web Services, Inc. Aria Systems, Inc., Cerillion, Chargify, ConnectWise, LLC, Maxio LLC, Oracle, Recurly, Inc., SAP, and Zuora Inc. These players have adopted various Strategies to increase their market penetration and strengthen their position in the cloud billing market share.
Key benefits for stakeholders
- The study provides in-depth analysis of the global cloud billing service market also along with the current & future trends to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the global cloud billing service market size are provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global cloud billing service market from 2022 to 2031 is provided to determine the market potential.
Key Market Segments
By Deployment Type
- Private Cloud
- Public Cloud
- Hybrid Cloud
By Service Model
- IaaS
- PaaS
- SaaS
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Industry Vertical
- BFSI
- IT and Telecommunication
- Education
- Construction
- Healthcare
- Media and Entertainment
By Component
- Solution
- Services
By Billing Type
- Subscription
- Usage Based
- One-Time
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Cerillion
- Recurly, Inc.
- Amazon Web Services, Inc.
- Chargify LLC.
- SAP
- Maxio LLC.
- Oracle
- Zuora, Inc.
- Aria Systems, Inc.
- ConnectWise, LLC.
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Table of Contents
CHAPTER 1: INTRODUCTION1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Market dynamics
3.4.1.Drivers
3.4.1.1. Rise in need for transparency in the payment system
3.4.1.2. High growth potential in developing economies
3.4.1.3. Increase in flow of remittances from foreign countries
3.4.2.Restraints
3.4.2.1. Lack of awareness about bitcoin mining hardware among people
3.4.2.2. Implementation of various government regulations against bitcoin
3.4.3.Opportunities
3.4.3.1. Untapped potential in emerging economies
3.5.COVID-19 Impact Analysis on the market
CHAPTER 4: CLOUD BILLING MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2. Solution
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Services
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
CHAPTER 5: CLOUD BILLING MARKET, BY BILLING TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2. Subscription
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Usage Based
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. One-Time
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5. Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
CHAPTER 6: CLOUD BILLING MARKET, BY DEPLOYMENT TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2. Private Cloud
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Public Cloud
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4. Hybrid Cloud
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
CHAPTER 7: CLOUD BILLING MARKET, BY SERVICE MODEL
7.1 Overview
7.1.1 Market size and forecast
7.2. IaaS
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3. PaaS
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4. SaaS
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
CHAPTER 8: CLOUD BILLING MARKET, BY ENTERPRISE SIZE
8.1 Overview
8.1.1 Market size and forecast
8.2. Large Enterprises
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market share analysis by country
8.3. Small and Medium-sized Enterprises
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market share analysis by country
CHAPTER 9: CLOUD BILLING MARKET, BY INDUSTRY VERTICAL
9.1 Overview
9.1.1 Market size and forecast
9.2. BFSI
9.2.1 Key market trends, growth factors and opportunities
9.2.2 Market size and forecast, by region
9.2.3 Market share analysis by country
9.3. IT and Telecommunication
9.3.1 Key market trends, growth factors and opportunities
9.3.2 Market size and forecast, by region
9.3.3 Market share analysis by country
9.4. Education
9.4.1 Key market trends, growth factors and opportunities
9.4.2 Market size and forecast, by region
9.4.3 Market share analysis by country
9.5. Construction
9.5.1 Key market trends, growth factors and opportunities
9.5.2 Market size and forecast, by region
9.5.3 Market share analysis by country
9.6. Media and Entertainment
9.6.1 Key market trends, growth factors and opportunities
9.6.2 Market size and forecast, by region
9.6.3 Market share analysis by country
9.7. Healthcare
9.7.1 Key market trends, growth factors and opportunities
9.7.2 Market size and forecast, by region
9.7.3 Market share analysis by country
9.8. Others
9.8.1 Key market trends, growth factors and opportunities
9.8.2 Market size and forecast, by region
9.8.3 Market share analysis by country
CHAPTER 10: CLOUD BILLING MARKET, BY REGION
10.1 Overview
10.1.1 Market size and forecast
10.2 North America
10.2.1 Key trends and opportunities
10.2.2 North America Market size and forecast, by Component
10.2.3 North America Market size and forecast, by Billing Type
10.2.4 North America Market size and forecast, by Deployment Type
10.2.5 North America Market size and forecast, by Service Model
10.2.6 North America Market size and forecast, by Enterprise Size
10.2.7 North America Market size and forecast, by Industry Vertical
10.2.8 North America Market size and forecast, by country
10.2.8.1 U.S.
10.2.8.1.1 Key market trends, growth factors and opportunities
10.2.8.1.2 Market size and forecast, by Component
10.2.8.1.3 Market size and forecast, by Billing Type
10.2.8.1.4 Market size and forecast, by Deployment Type
10.2.8.1.5 Market size and forecast, by Service Model
10.2.8.1.6 Market size and forecast, by Enterprise Size
10.2.8.1.7 Market size and forecast, by Industry Vertical
10.2.8.2 Canada
10.2.8.2.1 Key market trends, growth factors and opportunities
10.2.8.2.2 Market size and forecast, by Component
10.2.8.2.3 Market size and forecast, by Billing Type
10.2.8.2.4 Market size and forecast, by Deployment Type
10.2.8.2.5 Market size and forecast, by Service Model
10.2.8.2.6 Market size and forecast, by Enterprise Size
10.2.8.2.7 Market size and forecast, by Industry Vertical
10.3 Europe
10.3.1 Key trends and opportunities
10.3.2 Europe Market size and forecast, by Component
10.3.3 Europe Market size and forecast, by Billing Type
10.3.4 Europe Market size and forecast, by Deployment Type
10.3.5 Europe Market size and forecast, by Service Model
10.3.6 Europe Market size and forecast, by Enterprise Size
10.3.7 Europe Market size and forecast, by Industry Vertical
10.3.8 Europe Market size and forecast, by country
10.3.8.1 UK
10.3.8.1.1 Key market trends, growth factors and opportunities
10.3.8.1.2 Market size and forecast, by Component
10.3.8.1.3 Market size and forecast, by Billing Type
10.3.8.1.4 Market size and forecast, by Deployment Type
10.3.8.1.5 Market size and forecast, by Service Model
10.3.8.1.6 Market size and forecast, by Enterprise Size
10.3.8.1.7 Market size and forecast, by Industry Vertical
10.3.8.2 Germany
10.3.8.2.1 Key market trends, growth factors and opportunities
10.3.8.2.2 Market size and forecast, by Component
10.3.8.2.3 Market size and forecast, by Billing Type
10.3.8.2.4 Market size and forecast, by Deployment Type
10.3.8.2.5 Market size and forecast, by Service Model
10.3.8.2.6 Market size and forecast, by Enterprise Size
10.3.8.2.7 Market size and forecast, by Industry Vertical
10.3.8.3 France
10.3.8.3.1 Key market trends, growth factors and opportunities
10.3.8.3.2 Market size and forecast, by Component
10.3.8.3.3 Market size and forecast, by Billing Type
10.3.8.3.4 Market size and forecast, by Deployment Type
10.3.8.3.5 Market size and forecast, by Service Model
10.3.8.3.6 Market size and forecast, by Enterprise Size
10.3.8.3.7 Market size and forecast, by Industry Vertical
10.3.8.4 Italy
10.3.8.4.1 Key market trends, growth factors and opportunities
10.3.8.4.2 Market size and forecast, by Component
10.3.8.4.3 Market size and forecast, by Billing Type
10.3.8.4.4 Market size and forecast, by Deployment Type
10.3.8.4.5 Market size and forecast, by Service Model
10.3.8.4.6 Market size and forecast, by Enterprise Size
10.3.8.4.7 Market size and forecast, by Industry Vertical
10.3.8.5 Spain
10.3.8.5.1 Key market trends, growth factors and opportunities
10.3.8.5.2 Market size and forecast, by Component
10.3.8.5.3 Market size and forecast, by Billing Type
10.3.8.5.4 Market size and forecast, by Deployment Type
10.3.8.5.5 Market size and forecast, by Service Model
10.3.8.5.6 Market size and forecast, by Enterprise Size
10.3.8.5.7 Market size and forecast, by Industry Vertical
10.3.8.6 Rest of Europe
10.3.8.6.1 Key market trends, growth factors and opportunities
10.3.8.6.2 Market size and forecast, by Component
10.3.8.6.3 Market size and forecast, by Billing Type
10.3.8.6.4 Market size and forecast, by Deployment Type
10.3.8.6.5 Market size and forecast, by Service Model
10.3.8.6.6 Market size and forecast, by Enterprise Size
10.3.8.6.7 Market size and forecast, by Industry Vertical
10.4 Asia-Pacific
10.4.1 Key trends and opportunities
10.4.2 Asia-Pacific Market size and forecast, by Component
10.4.3 Asia-Pacific Market size and forecast, by Billing Type
10.4.4 Asia-Pacific Market size and forecast, by Deployment Type
10.4.5 Asia-Pacific Market size and forecast, by Service Model
10.4.6 Asia-Pacific Market size and forecast, by Enterprise Size
10.4.7 Asia-Pacific Market size and forecast, by Industry Vertical
10.4.8 Asia-Pacific Market size and forecast, by country
10.4.8.1 China
10.4.8.1.1 Key market trends, growth factors and opportunities
10.4.8.1.2 Market size and forecast, by Component
10.4.8.1.3 Market size and forecast, by Billing Type
10.4.8.1.4 Market size and forecast, by Deployment Type
10.4.8.1.5 Market size and forecast, by Service Model
10.4.8.1.6 Market size and forecast, by Enterprise Size
10.4.8.1.7 Market size and forecast, by Industry Vertical
10.4.8.2 Japan
10.4.8.2.1 Key market trends, growth factors and opportunities
10.4.8.2.2 Market size and forecast, by Component
10.4.8.2.3 Market size and forecast, by Billing Type
10.4.8.2.4 Market size and forecast, by Deployment Type
10.4.8.2.5 Market size and forecast, by Service Model
10.4.8.2.6 Market size and forecast, by Enterprise Size
10.4.8.2.7 Market size and forecast, by Industry Vertical
10.4.8.3 India
10.4.8.3.1 Key market trends, growth factors and opportunities
10.4.8.3.2 Market size and forecast, by Component
10.4.8.3.3 Market size and forecast, by Billing Type
10.4.8.3.4 Market size and forecast, by Deployment Type
10.4.8.3.5 Market size and forecast, by Service Model
10.4.8.3.6 Market size and forecast, by Enterprise Size
10.4.8.3.7 Market size and forecast, by Industry Vertical
10.4.8.4 Australia
10.4.8.4.1 Key market trends, growth factors and opportunities
10.4.8.4.2 Market size and forecast, by Component
10.4.8.4.3 Market size and forecast, by Billing Type
10.4.8.4.4 Market size and forecast, by Deployment Type
10.4.8.4.5 Market size and forecast, by Service Model
10.4.8.4.6 Market size and forecast, by Enterprise Size
10.4.8.4.7 Market size and forecast, by Industry Vertical
10.4.8.5 South Korea
10.4.8.5.1 Key market trends, growth factors and opportunities
10.4.8.5.2 Market size and forecast, by Component
10.4.8.5.3 Market size and forecast, by Billing Type
10.4.8.5.4 Market size and forecast, by Deployment Type
10.4.8.5.5 Market size and forecast, by Service Model
10.4.8.5.6 Market size and forecast, by Enterprise Size
10.4.8.5.7 Market size and forecast, by Industry Vertical
10.4.8.6 Rest of Asia-Pacific
10.4.8.6.1 Key market trends, growth factors and opportunities
10.4.8.6.2 Market size and forecast, by Component
10.4.8.6.3 Market size and forecast, by Billing Type
10.4.8.6.4 Market size and forecast, by Deployment Type
10.4.8.6.5 Market size and forecast, by Service Model
10.4.8.6.6 Market size and forecast, by Enterprise Size
10.4.8.6.7 Market size and forecast, by Industry Vertical
10.5 LAMEA
10.5.1 Key trends and opportunities
10.5.2 LAMEA Market size and forecast, by Component
10.5.3 LAMEA Market size and forecast, by Billing Type
10.5.4 LAMEA Market size and forecast, by Deployment Type
10.5.5 LAMEA Market size and forecast, by Service Model
10.5.6 LAMEA Market size and forecast, by Enterprise Size
10.5.7 LAMEA Market size and forecast, by Industry Vertical
10.5.8 LAMEA Market size and forecast, by country
10.5.8.1 Latin America
10.5.8.1.1 Key market trends, growth factors and opportunities
10.5.8.1.2 Market size and forecast, by Component
10.5.8.1.3 Market size and forecast, by Billing Type
10.5.8.1.4 Market size and forecast, by Deployment Type
10.5.8.1.5 Market size and forecast, by Service Model
10.5.8.1.6 Market size and forecast, by Enterprise Size
10.5.8.1.7 Market size and forecast, by Industry Vertical
10.5.8.2 Middle East
10.5.8.2.1 Key market trends, growth factors and opportunities
10.5.8.2.2 Market size and forecast, by Component
10.5.8.2.3 Market size and forecast, by Billing Type
10.5.8.2.4 Market size and forecast, by Deployment Type
10.5.8.2.5 Market size and forecast, by Service Model
10.5.8.2.6 Market size and forecast, by Enterprise Size
10.5.8.2.7 Market size and forecast, by Industry Vertical
10.5.8.3 Africa
10.5.8.3.1 Key market trends, growth factors and opportunities
10.5.8.3.2 Market size and forecast, by Component
10.5.8.3.3 Market size and forecast, by Billing Type
10.5.8.3.4 Market size and forecast, by Deployment Type
10.5.8.3.5 Market size and forecast, by Service Model
10.5.8.3.6 Market size and forecast, by Enterprise Size
10.5.8.3.7 Market size and forecast, by Industry Vertical
CHAPTER 11: COMPETITIVE LANDSCAPE
11.1. Introduction
11.2. Top winning strategies
11.3. Product Mapping of Top 10 Player
11.4. Competitive Dashboard
11.5. Competitive Heatmap
11.6. Top player positioning, 2021
CHAPTER 12: COMPANY PROFILES
12.1 Cerillion
12.1.1 Company overview
12.1.2 Key Executives
12.1.3 Company snapshot
12.1.4 Operating business segments
12.1.5 Product portfolio
12.1.6 Business performance
12.1.7 Key strategic moves and developments
12.2 Recurly, Inc.
12.2.1 Company overview
12.2.2 Key Executives
12.2.3 Company snapshot
12.2.4 Operating business segments
12.2.5 Product portfolio
12.2.6 Business performance
12.2.7 Key strategic moves and developments
12.3 Amazon Web Services, Inc.
12.3.1 Company overview
12.3.2 Key Executives
12.3.3 Company snapshot
12.3.4 Operating business segments
12.3.5 Product portfolio
12.3.6 Business performance
12.3.7 Key strategic moves and developments
12.4 Chargify LLC.
12.4.1 Company overview
12.4.2 Key Executives
12.4.3 Company snapshot
12.4.4 Operating business segments
12.4.5 Product portfolio
12.4.6 Business performance
12.4.7 Key strategic moves and developments
12.5 SAP
12.5.1 Company overview
12.5.2 Key Executives
12.5.3 Company snapshot
12.5.4 Operating business segments
12.5.5 Product portfolio
12.5.6 Business performance
12.5.7 Key strategic moves and developments
12.6 Maxio LLC.
12.6.1 Company overview
12.6.2 Key Executives
12.6.3 Company snapshot
12.6.4 Operating business segments
12.6.5 Product portfolio
12.6.6 Business performance
12.6.7 Key strategic moves and developments
12.7 Oracle
12.7.1 Company overview
12.7.2 Key Executives
12.7.3 Company snapshot
12.7.4 Operating business segments
12.7.5 Product portfolio
12.7.6 Business performance
12.7.7 Key strategic moves and developments
12.8 Zuora, Inc.
12.8.1 Company overview
12.8.2 Key Executives
12.8.3 Company snapshot
12.8.4 Operating business segments
12.8.5 Product portfolio
12.8.6 Business performance
12.8.7 Key strategic moves and developments
12.9 Aria Systems, Inc.
12.9.1 Company overview
12.9.2 Key Executives
12.9.3 Company snapshot
12.9.4 Operating business segments
12.9.5 Product portfolio
12.9.6 Business performance
12.9.7 Key strategic moves and developments
12.10 ConnectWise, LLC.
12.10.1 Company overview
12.10.2 Key Executives
12.10.3 Company snapshot
12.10.4 Operating business segments
12.10.5 Product portfolio
12.10.6 Business performance
12.10.7 Key strategic moves and developments
List of Tables
Table 1. Global Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 2. Cloud Billing Market for Solution, by Region, 2021-2031 (Revenue, $Million)
Table 3. Cloud Billing Market for Services, by Region, 2021-2031 (Revenue, $Million)
Table 4. Global Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 5. Cloud Billing Market for Subscription, by Region, 2021-2031 (Revenue, $Million)
Table 6. Cloud Billing Market for Usage Based, by Region, 2021-2031 (Revenue, $Million)
Table 7. Cloud Billing Market for One-Time, by Region, 2021-2031 (Revenue, $Million)
Table 8. Cloud Billing Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 9. Global Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 10. Cloud Billing Market for Private Cloud, by Region, 2021-2031 (Revenue, $Million)
Table 11. Cloud Billing Market for Public Cloud, by Region, 2021-2031 (Revenue, $Million)
Table 12. Cloud Billing Market for Hybrid Cloud, by Region, 2021-2031 (Revenue, $Million)
Table 13. Global Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 14. Cloud Billing Market for Iaas, by Region, 2021-2031 (Revenue, $Million)
Table 15. Cloud Billing Market for Paas, by Region, 2021-2031 (Revenue, $Million)
Table 16. Cloud Billing Market for Saas, by Region, 2021-2031 (Revenue, $Million)
Table 17. Global Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 18. Cloud Billing Market for Large Enterprises, by Region, 2021-2031 (Revenue, $Million)
Table 19. Cloud Billing Market for Small and Medium-Sized Enterprises, by Region, 2021-2031 (Revenue, $Million)
Table 20. Global Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 21. Cloud Billing Market for Bfsi, by Region, 2021-2031 (Revenue, $Million)
Table 22. Cloud Billing Market for IT and Telecommunication, by Region, 2021-2031 (Revenue, $Million)
Table 23. Cloud Billing Market for Education, by Region, 2021-2031 (Revenue, $Million)
Table 24. Cloud Billing Market for Construction, by Region, 2021-2031 (Revenue, $Million)
Table 25. Cloud Billing Market for Media and Entertainment, by Region, 2021-2031 (Revenue, $Million)
Table 26. Cloud Billing Market for Healthcare, by Region, 2021-2031 (Revenue, $Million)
Table 27. Cloud Billing Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 28. Cloud Billing Market, by Region, 2021-2031 (Revenue, $Million)
Table 29. North America Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 30. North America Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 31. North America Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 32. North America Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 33. North America Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 34. North America Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 35. North America Cloud Billing Market, by Country, 2021-2031 (Revenue, $Million)
Table 36. U.S. Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 37. U.S. Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 38. U.S. Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 39. U.S. Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 40. U.S. Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 41. U.S. Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 42. Canada Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 43. Canada Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 44. Canada Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 45. Canada Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 46. Canada Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 47. Canada Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 48. Europe Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 49. Europe Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 50. Europe Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 51. Europe Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 52. Europe Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 53. Europe Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 54. Europe Cloud Billing Market, by Country, 2021-2031 (Revenue, $Million)
Table 55. UK Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 56. UK Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 57. UK Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 58. UK Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 59. UK Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 60. UK Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 61. Germany Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 62. Germany Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 63. Germany Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 64. Germany Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 65. Germany Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 66. Germany Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 67. France Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 68. France Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 69. France Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 70. France Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 71. France Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 72. France Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 73. Italy Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 74. Italy Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 75. Italy Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 76. Italy Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 77. Italy Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 78. Italy Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 79. Spain Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 80. Spain Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 81. Spain Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 82. Spain Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 83. Spain Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 84. Spain Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 85. Rest of Europe Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 86. Rest of Europe Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 87. Rest of Europe Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 88. Rest of Europe Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 89. Rest of Europe Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 90. Rest of Europe Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 91. Asia-Pacific Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 92. Asia-Pacific Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 93. Asia-Pacific Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 94. Asia-Pacific Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 95. Asia-Pacific Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 96. Asia-Pacific Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 97. Asia-Pacific Cloud Billing Market, by Country, 2021-2031 (Revenue, $Million)
Table 98. China Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 99. China Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 100. China Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 101. China Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 102. China Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 103. China Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 104. Japan Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 105. Japan Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 106. Japan Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 107. Japan Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 108. Japan Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 109. Japan Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 110. India Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 111. India Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 112. India Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 113. India Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 114. India Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 115. India Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 116. Australia Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 117. Australia Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 118. Australia Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 119. Australia Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 120. Australia Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 121. Australia Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 122. South Korea Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 123. South Korea Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 124. South Korea Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 125. South Korea Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 126. South Korea Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 127. South Korea Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 128. Rest of Asia-Pacific Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 129. Rest of Asia-Pacific Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 130. Rest of Asia-Pacific Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 131. Rest of Asia-Pacific Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 132. Rest of Asia-Pacific Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 133. Rest of Asia-Pacific Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 134. LAMEA Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 135. LAMEA Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 136. LAMEA Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 137. LAMEA Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 138. LAMEA Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 139. LAMEA Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 140. LAMEA Cloud Billing Market, by Country, 2021-2031 (Revenue, $Million)
Table 141. Latin America Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 142. Latin America Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 143. Latin America Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 144. Latin America Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 145. Latin America Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 146. Latin America Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 147. Middle East Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 148. Middle East Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 149. Middle East Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 150. Middle East Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 151. Middle East Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 152. Middle East Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 153. Africa Cloud Billing Market, by Component, 2021-2031 (Revenue, $Million)
Table 154. Africa Cloud Billing Market, by Billing Type, 2021-2031 (Revenue, $Million)
Table 155. Africa Cloud Billing Market, by Deployment Type, 2021-2031 (Revenue, $Million)
Table 156. Africa Cloud Billing Market, by Service Model, 2021-2031 (Revenue, $Million)
Table 157. Africa Cloud Billing Market, by Enterprise Size, 2021-2031 (Revenue, $Million)
Table 158. Africa Cloud Billing Market, by Industry Vertical, 2021-2031 (Revenue, $Million)
Table 159. Cerillion: Key Executives
Table 160. Cerillion: Company Snapshot
Table 161. Cerillion: Operating Segments
Table 162. Cerillion: Product Portfolio
Table 163. Cerillion: Net Sales
Table 164. Cerillion: Key Strategies
Table 165. Recurly, Inc.: Key Executives
Table 166. Recurly, Inc.: Company Snapshot
Table 167. Recurly, Inc.: Operating Segments
Table 168. Recurly, Inc.: Product Portfolio
Table 169. Recurly, Inc.: Net Sales
Table 170. Recurly, Inc.: Key Strategies
Table 171. Amazon Web Services, Inc.: Key Executives
Table 172. Amazon Web Services, Inc.: Company Snapshot
Table 173. Amazon Web Services, Inc.: Operating Segments
Table 174. Amazon Web Services, Inc.: Product Portfolio
Table 175. Amazon Web Services, Inc.: Net Sales
Table 176. Amazon Web Services, Inc.: Key Strategies
Table 177. Chargify LLC.: Key Executives
Table 178. Chargify LLC.: Company Snapshot
Table 179. Chargify LLC.: Operating Segments
Table 180. Chargify LLC.: Product Portfolio
Table 181. Chargify LLC.: Net Sales
Table 182. Chargify LLC.: Key Strategies
Table 183. SAP: Key Executives
Table 184. SAP: Company Snapshot
Table 185. SAP: Operating Segments
Table 186. SAP: Product Portfolio
Table 187. SAP: Net Sales
Table 188. SAP: Key Strategies
Table 189. Maxio LLC.: Key Executives
Table 190. Maxio LLC.: Company Snapshot
Table 191. Maxio LLC.: Operating Segments
Table 192. Maxio LLC.: Product Portfolio
Table 193. Maxio LLC.: Net Sales
Table 194. Maxio LLC.: Key Strategies
Table 195. Oracle: Key Executives
Table 196. Oracle: Company Snapshot
Table 197. Oracle: Operating Segments
Table 198. Oracle: Product Portfolio
Table 199. Oracle: Net Sales
Table 200. Oracle: Key Strategies
Table 201. Zuora, Inc.: Key Executives
Table 202. Zuora, Inc.: Company Snapshot
Table 203. Zuora, Inc.: Operating Segments
Table 204. Zuora, Inc.: Product Portfolio
Table 205. Zuora, Inc.: Net Sales
Table 206. Zuora, Inc.: Key Strategies
Table 207. Aria Systems, Inc.: Key Executives
Table 208. Aria Systems, Inc.: Company Snapshot
Table 209. Aria Systems, Inc.: Operating Segments
Table 210. Aria Systems, Inc.: Product Portfolio
Table 211. Aria Systems, Inc.: Net Sales
Table 212. Aria Systems, Inc.: Key Strategies
Table 213. Connectwise, LLC.: Key Executives
Table 214. Connectwise, LLC.: Company Snapshot
Table 215. Connectwise, LLC.: Operating Segments
Table 216. Connectwise, LLC.: Product Portfolio
Table 217. Connectwise, LLC.: Net Sales
Table 218. Connectwise, LLC.: Key Strategies
List of Figures
Figure 1. Segmentation of Cloud Billing Market,2021-2031
Figure 2. Cloud Billing Market,2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Cloud Billing Market:Drivers, Restraints and Opportunities
Figure 10. Cloud Billing Market,By Component,2021(%)
Figure 11. Comparative Share Analysis of Solution Cloud Billing Market, 2021 and 2031(%)
Figure 12. Comparative Share Analysis of Services Cloud Billing Market, 2021 and 2031(%)
Figure 13. Cloud Billing Market,By Billing Type,2021(%)
Figure 14. Comparative Share Analysis of Subscription Cloud Billing Market, 2021 and 2031(%)
Figure 15. Comparative Share Analysis of Usage Based Cloud Billing Market, 2021 and 2031(%)
Figure 16. Comparative Share Analysis of One-Time Cloud Billing Market, 2021 and 2031(%)
Figure 17. Comparative Share Analysis of Others Cloud Billing Market, 2021 and 2031(%)
Figure 18. Cloud Billing Market,By Deployment Type,2021(%)
Figure 19. Comparative Share Analysis of Private Cloud Cloud Billing Market, 2021 and 2031(%)
Figure 20. Comparative Share Analysis of Public Cloud Cloud Billing Market, 2021 and 2031(%)
Figure 21. Comparative Share Analysis of Hybrid Cloud Cloud Billing Market, 2021 and 2031(%)
Figure 22. Cloud Billing Market,By Service Model,2021(%)
Figure 23. Comparative Share Analysis of IaaS Cloud Billing Market, 2021 and 2031(%)
Figure 24. Comparative Share Analysis of PaaS Cloud Billing Market, 2021 and 2031(%)
Figure 25. Comparative Share Analysis of SaaS Cloud Billing Market, 2021 and 2031(%)
Figure 26. Cloud Billing Market,By Enterprise Size,2021(%)
Figure 27. Comparative Share Analysis of Large Enterprises Cloud Billing Market, 2021 and 2031(%)
Figure 28. Comparative Share Analysis of Small and Medium-Sized Enterprises Cloud Billing Market, 2021 and 2031(%)
Figure 29. Cloud Billing Market,By Industry Vertical,2021(%)
Figure 30. Comparative Share Analysis of Bfsi Cloud Billing Market, 2021 and 2031(%)
Figure 31. Comparative Share Analysis of IT and Telecommunication Cloud Billing Market, 2021 and 2031(%)
Figure 32. Comparative Share Analysis of Education Cloud Billing Market, 2021 and 2031(%)
Figure 33. Comparative Share Analysis of Construction Cloud Billing Market, 2021 and 2031(%)
Figure 34. Comparative Share Analysis of Media and Entertainment Cloud Billing Market, 2021 and 2031(%)
Figure 35. Comparative Share Analysis of Healthcare Cloud Billing Market, 2021 and 2031(%)
Figure 36. Comparative Share Analysis of Others Cloud Billing Market, 2021 and 2031(%)
Figure 37. Cloud Billing Market by Region,2021
Figure 38. U.S. Cloud Billing Market,2021-2031($Million)
Figure 39. Canada Cloud Billing Market,2021-2031($Million)
Figure 40. UK Cloud Billing Market,2021-2031($Million)
Figure 41. Germany Cloud Billing Market,2021-2031($Million)
Figure 42. France Cloud Billing Market,2021-2031($Million)
Figure 43. Italy Cloud Billing Market,2021-2031($Million)
Figure 44. Spain Cloud Billing Market,2021-2031($Million)
Figure 45. Rest of Europe Cloud Billing Market,2021-2031($Million)
Figure 46. China Cloud Billing Market,2021-2031($Million)
Figure 47. Japan Cloud Billing Market,2021-2031($Million)
Figure 48. India Cloud Billing Market,2021-2031($Million)
Figure 49. Australia Cloud Billing Market,2021-2031($Million)
Figure 50. South Korea Cloud Billing Market,2021-2031($Million)
Figure 51. Rest of Asia-Pacific Cloud Billing Market,2021-2031($Million)
Figure 52. Latin America Cloud Billing Market,2021-2031($Million)
Figure 53. Middle East Cloud Billing Market,2021-2031($Million)
Figure 54. Africa Cloud Billing Market,2021-2031($Million)
Figure 55. Top Winning Strategies, by Year
Figure 56. Top Winning Strategies, by Development
Figure 57. Top Winning Strategies, by Company
Figure 58. Product Mapping of Top 10 Players
Figure 59. Competitive Dashboard
Figure 60. Competitive Heatmap of Top 10 Key Players
Figure 61. Top Player Positioning, 2021
Figure 62. Cerillion.: Net Sales ($Million)
Figure 63. Recurly, Inc..: Net Sales ($Million)
Figure 64. Amazon Web Services, Inc..: Net Sales ($Million)
Figure 65. Chargify LLC..: Net Sales ($Million)
Figure 66. SAP.: Net Sales ($Million)
Figure 67. Maxio LLC..: Net Sales ($Million)
Figure 68. Oracle.: Net Sales ($Million)
Figure 69. Zuora, Inc..: Net Sales ($Million)
Figure 70. Aria Systems, Inc..: Net Sales ($Million)
Figure 71. Connectwise, LLC..: Net Sales ($Million)
Executive Summary
According to the report titled, 'Cloud Billing Market,' the cloud billing market was valued at $3.9 billion in 2021, and is estimated to reach $15.8 billion by 2031, growing at a CAGR of 15.3% from 2022 to 2031.Cloud billing is a tool that helps in billing for cloud-based infrastructure and software. Cloud solutions can either be deployed on private or public clouds. Cloud billing is described as a technique that assists businesses in generating invoices by enforcing specific standards. Moreover, the cloud permits organizations to streamline their billing process, thus improving the overall customer experience. The deployment of cloud billing solutions reduces IT resources and infrastructure required through the minimal need for integration and expensive hardware.
Adoption of IoT technology in cloud billing in process industries driving the cloud billing market growth. IoT helps in improving efficiency of cloud billing. There has been increasing demand for adoption of IoT system in industries as this system is integrated with cloud billing. In addition, need for lower operational and administration expenditure and need for lower OPEX and CAPEX. Thus, these factors drives the growth of the cloud billing market size. However, increasing cyberattacks and data theft activities and high cost for investment compared with on premises billing hampering the growth of the credit card issuance market size.
On the contrary, growing need among enterprises to leverage BI will provide major lucrative opportunities for growth of the cloud billing market. Business intelligence includes the collection, integration, analysis, and presentation of business information using various technologies and different practices. It provides businesses insights about customer behavior and products as well as assists in effective decision making. Moreover, in the current scenario, the impact of BI on online shopping is increasing, whereas brick-and-mortar shops are striving to get in-depth information about their businesses. In addition, due to the IoT system's integration with cloud billing, there has been an increase in demand for its adoption in various businesses. IoT can therefore be used to boost cloud billing's effectiveness and performance, which will cut maintenance costs and foster a safer working environment, ultimately driving the cloud billing market. Therefore, these factors will provide major lucrative opportunities in the growth of the market.
The cloud billing market is segmented on the basis of component, billing type, deployment type, service model, enterprise size and industry vertical. By component, it is segmented into life solution and services. By billing type, it is bifurcated into subscription, usage based, one time and others. By deployment type, it is segmented into private cloud, public cloud and hybrid cloud. By service model, it is segmented into IaaS, PaaS and SaaS. By enterprise size, it is bifurcated into large enterprises and small and medium-sized enterprises. By industry vertical, BFSI, IT and telecommunication, education, construction, media and entertainment, healthcare and others. By region, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the study are Amazon Web Services, Inc. Aria Systems, Inc., Cerillion, Chargify, ConnectWise, LLC, Maxio LLC, Oracle, Recurly, Inc., SAP, and Zuora Inc. These players have adopted various Strategies to increase their market penetration and strengthen their position in the cloud billing market. For instance, In July 2020, Aria Systems launched Aria Marketplace Suite, it is an extension of the Aria billing and monetization platform, which enables B2B and B2C marketplace providers to streamline their operations. Aria Marketplace Suite offers product and revenue management tools for marketplace operators as well as a seamless billing and payments experience. Which provided a strategic advantage to the company and cloud billing market size.
Key Market Insights
By component, the solution segment was the highest revenue contributor to the market, and is estimated to reach $9,429.16 million by 2031, with a CAGR of 14.3%. However, the service segment is estimated to be the fastest growing segment with the CAGR of 17.2% during the forecast period.By billing type, the usage-based segment dominated the global market, and is estimated to reach $1626.59 million by 2031, with a CAGR of 13.1%. However, the one-time segment is expected to be the fastest growing segment during the cloud billing market forecast.
Based on deployment mode, the public cloud segment was the highest revenue contributor to the market, with $1,928.68 million in 2021, and is estimated to reach $6,189.75million by 2031, with a CAGR of 12.6%.
By service model, the SaaS segment was the highest revenue contributor to the market, and is estimated to reach $6,872.77 million by 2031, with a CAGR of 13.0%. However, the PaaS segment is estimated to be the fastest growing segment with the CAGR of 18.5% during the forecast period.
Based on enterprise size, the large enterprises segment was the highest revenue contributor to the market, with $2,503.86 million in 2021, and is estimated to reach $9,288.11 million by 2031, with a CAGR of 14.3%.
Based on industry vertical, the IT and telecommunication segment was the highest revenue contributor to the market, with $961.92 million in 2021, and is estimated to reach $ 2,506.63 million by 2031, with a CAGR of 10.2%.
Based on region, North America was the highest revenue contributor, accounting for $1,444.94 million in 2021, and is estimated to reach $4,870.08 billion by 2031, with a CAGR of 13.2%.
Companies Mentioned
- Cerillion
- Recurly, Inc.
- Amazon Web Services, Inc.
- Chargify LLC.
- SAP
- Maxio LLC.
- Oracle
- Zuora, Inc.
- Aria Systems, Inc.
- ConnectWise, LLC.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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