Market Overview:
The global cloud billing services market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based billing solutions by small and medium businesses (SMBs) and large enterprises. In addition, the growing trend of Bring Your Own Device (BYOD) is also fueling the demand for cloud-based billing solutions. The global cloud billing services market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into embedded billing, convergent billing, D2C Billing, prepaid Billing,, and others. The embedded billing segment is expected to hold a major share in terms of revenue in 2018 owing to its ability to provide comprehensive functionality within an organization’s existing IT infrastructure without any additional hardware or software requirements. On the basis of application,, telecom & IT accounted for majority share in 2017 due to rising adoption rates among small businesses for managing their voice and data traffic expenses through centralized control panels. Healthcare,. transportation,. food retail,. power & energy,.
Product Definition:
Cloud billing services provide a way for customers to track and manage their spending on cloud services. Cloud billing services can help businesses more accurately budget for their cloud usage, as well as identify opportunities to optimize their spending on cloud resources. Additionally, many cloud billing providers offer reporting features that give businesses insights into how they are using the cloud, helping them to further optimize their deployments.
Embedded Billing:
Embedded billing is a method, where the telecom service providers sell services and charge the customers based on their usage. The embedded billing system has been widely used in mobile telephony due to its cost effectiveness and ease of use. However, with growing demand for value-added services such as M2M communication; cloud computing; voice over internet protocol (VoIP); video over internet protocol (VP8) etc.
Convergent Billing:
Convergent billing is a process where different services and products of an organization are brought together to provide a single customer view of the price and other charges. In the case of cloud-based services, all the applications, software, and hardware are integrated into one system that provides customers with transparent pricing for every resource they use. The major advantage provided by convergent billing is that it allows an organization to offer its service at one low price to attract more customers.
Application Insights:
The telecom & IT segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growing demand for cloud billing services from telecommunication companies is attributed to increasing usage of smartphones, tablets and other devices that require internet connectivity. Furthermore, the need to upgrade or change existing infrastructure as a result of digital transformation initiatives at various levels in organizations is expected to drive growth over the forecast period.
Healthcare segment was one of the fastest-growing application segments with a revenue-based CAGR exceeding 11% from 2017 to 2030. Increasing penetration of electronic medical records that are managed through cloud computing has resulted in increased use of billing solutions by healthcare organizations and service providers. Moreover, an increase in healthcare spending coupled with rising awareness about preventive care measures has resulted in increased utilization of medical services which further drives market growth across regions.
Regional Analysis:
The North American region dominated the global market in 2017. The growth of the regional market can be attributed to the presence of a large number of service providers and enterprises in U.S. These companies offer cloud-based billing services to their customers on account of rising demand for internet-enabled devices, coupled with growing dependence on electronic services for business operations and communication purposes.
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increasing investments by telecom operators, IT companies, energy & power suppliers, among others in countries such as India and China for offering their hosted applications and related services through hosted infrastructure rather than owning it themselves thereby reducing operational costs while enhancing customer experience.
Growth Factors:
- Increased demand for cloud-based services: The market for cloud-based services is growing at a rapid pace and is expected to continue to do so in the coming years. This is mainly because of the benefits that businesses can reap by moving to the cloud, such as increased agility, scalability, and flexibility. As a result, more businesses are moving their operations to the cloud, which is driving demand for cloud billing services.
- Rapid adoption of BYOD policies: With employees increasingly using their own devices (BYOD) for work purposes, there is an increased need for effective mobile device management (MDM) solutions. Cloud billing services can help organizations manage and track usage of devices and applications across different platforms effectively and efficiently. This helps organizations save on costs while ensuring compliance with security requirements.
- Growing number of SaaS providers: The market for software as a service (SaaS) continues to grow at a rapid pace with more providers entering the fray every day. This presents an opportunity for billing service providers who can help these SaaS providers monetize their offerings effectively and efficiently while providing added value in terms of features and functionality..
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Billing Services Market Research Report
By Type
Embedded Billing, Convergent Billing, D2C Billing, Prepaid Billing, Others
By Application
Telecom & IT, Healthcare, Transportation, Food Retail, Power & Energy, Others
By Companies
Google, Amazon Web Services, Znet (RackNap), IDI, IBM, FinancialForce, STL.Tech, Apple, TrueIDC, Comarch SA, Amdocs, Aria Systems, CGI, NEC, Oracle, SAP, Zuora, Billing Platform, DOUBLEHORN, CloudBilling, Intelligent Technologies, Globetom, Cerillion, Jamcracker, UnionPay, Alibaba, Tencent
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Billing Services Market Report Segments:
The global Cloud Billing Services market is segmented on the basis of:
Types
Embedded Billing, Convergent Billing, D2C Billing, Prepaid Billing, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Telecom & IT, Healthcare, Transportation, Food Retail, Power & Energy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Google
- Amazon Web Services
- Znet (RackNap)
- IDI
- IBM
- FinancialForce
- STL.Tech
- Apple
- TrueIDC
- Comarch SA
- Amdocs
- Aria Systems
- CGI
- NEC
- Oracle
- SAP
- Zuora
- Billing Platform
- DOUBLEHORN
- CloudBilling
- Intelligent Technologies
- Globetom
- Cerillion
- Jamcracker
- UnionPay
- Alibaba
- Tencent
Highlights of The Cloud Billing Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Embedded Billing
- Convergent Billing
- D2C Billing
- Prepaid Billing
- Others
- By Application:
- Telecom & IT
- Healthcare
- Transportation
- Food Retail
- Power & Energy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloud Billing Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cloud billing services are a way for businesses to pay for cloud-based services using a monthly subscription. The service allows customers to access the cloud resources they need, when they need them, without having to worry about the cost.
Some of the major players in the cloud billing services market are Google, Amazon Web Services, Znet (RackNap), IDI, IBM, FinancialForce, STL.Tech, Apple, TrueIDC, Comarch SA, Amdocs, Aria Systems, CGI, NEC, Oracle, SAP, Zuora, Billing Platform, DOUBLEHORN, CloudBilling, Intelligent Technologies, Globetom, Cerillion, Jamcracker, UnionPay, Alibaba, Tencent.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud Billing Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cloud Billing Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud Billing Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cloud Billing Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cloud Billing Services Market Size & Forecast, 2020-2028
4.5.1 Cloud Billing Services Market Size and Y-o-Y Growth
4.5.2 Cloud Billing Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Embedded Billing
5.2.2 Convergent Billing
5.2.3 D2C Billing
5.2.4 Prepaid Billing
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Telecom & IT
6.2.2 Healthcare
6.2.3 Transportation
6.2.4 Food Retail
6.2.5 Power & Energy
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud Billing Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cloud Billing Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Embedded Billing
9.6.2 Convergent Billing
9.6.3 D2C Billing
9.6.4 Prepaid Billing
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Telecom & IT
9.10.2 Healthcare
9.10.3 Transportation
9.10.4 Food Retail
9.10.5 Power & Energy
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Embedded Billing
10.6.2 Convergent Billing
10.6.3 D2C Billing
10.6.4 Prepaid Billing
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Telecom & IT
10.10.2 Healthcare
10.10.3 Transportation
10.10.4 Food Retail
10.10.5 Power & Energy
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Embedded Billing
11.6.2 Convergent Billing
11.6.3 D2C Billing
11.6.4 Prepaid Billing
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Telecom & IT
11.10.2 Healthcare
11.10.3 Transportation
11.10.4 Food Retail
11.10.5 Power & Energy
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Embedded Billing
12.6.2 Convergent Billing
12.6.3 D2C Billing
12.6.4 Prepaid Billing
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Telecom & IT
12.10.2 Healthcare
12.10.3 Transportation
12.10.4 Food Retail
12.10.5 Power & Energy
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Embedded Billing
13.6.2 Convergent Billing
13.6.3 D2C Billing
13.6.4 Prepaid Billing
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Telecom & IT
13.10.2 Healthcare
13.10.3 Transportation
13.10.4 Food Retail
13.10.5 Power & Energy
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cloud Billing Services Market: Competitive Dashboard
14.2 Global Cloud Billing Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Google
14.3.2 Amazon Web Services
14.3.3 Znet (RackNap)
14.3.4 IDI
14.3.5 IBM
14.3.6 FinancialForce
14.3.7 STL.Tech
14.3.8 Apple
14.3.9 TrueIDC
14.3.10 Comarch SA
14.3.11 Amdocs
14.3.12 Aria Systems
14.3.13 CGI
14.3.14 NEC
14.3.15 Oracle
14.3.16 SAP
14.3.17 Zuora
14.3.18 Billing Platform
14.3.19 DOUBLEHORN
14.3.20 CloudBilling
14.3.21 Intelligent Technologies
14.3.22 Globetom
14.3.23 Cerillion
14.3.24 Jamcracker
14.3.25 UnionPay
14.3.26 Alibaba
14.3.27 Tencent
