According to new market research report on"Cloud Billing Market by Component (Solutions, Services), Billing Type (Subscription, Usage-Based, One-Time, Others), Deployment Type, Service Model (IaaS, PaaS, SaaS), Organization Size, Vertical, and Region - Global Forecast to 2025",  published by MarketsandMarkets™, the 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.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.Browse and in-depth TOC on “Cloud Billing Market”205  – Tables42 - Figures207 - Pages            Download PDF [email protected] https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1022 Solutions segment to hold a larger market size during the forecast periodCloud 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 periodOrganizations 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.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 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.
According to new market research report on "Cloud Billing Market by Type (Subscription Billing, Metered Billing), Providers (CSP, Telecom and Communication Provider, & MSP), Application (Customer, Revenue, & Account Management, Organization Size, Vertical, and Region - Global forecast to 2021", The cloud billing market size is estimated to grow from USD 5.68 Billion in 2016 to USD 16.59 Billion by 2021, at expected Compound Annual Growth Rate (CAGR) of 23.9% from 2016 to 2021.High demand for billing operations, centralized, and convergent billing solutions and the growing need to lower capital and operating expenditure is increasing the demand for cloud billing in the market.Browse and in-depth TOC on “Cloud Billing Market” 64 - Tables50 - Figures 151 - Pages            Download [email protected] https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1022 “APAC is expected to witness a high growth potential during the forecast period”North America is expected to keep the largest market proportion in 2016 while APAC would be the fastest maturing in phrases of CAGR.Factors which includes pinnacle obligatory government guidelines, increasing want to focus on consumer courting management, rising cloud-based solution are the fundamental elements helping the increase of cloud billing market in APAC.“Media & Entertainment and Telecommunication & ITES are expected to grow at the highest CAGR during the forecast period.Moreover, the telecommunications and ITES quarter has usually been at the forefront while adopting cloud-primarily based technologies to serve their customers better.“Customer Management is expected to gain prominent traction during the forecast period”The cloud billing market is anticipated to grow at an excellent CAGR at some stage in the forecast length.Customer retention and patron comments are the two maximum crucial elements businesses are that specialize in, thereby growing the software of customer control in the cloud billing market.Moreover, cloud billing no longer only allows in retaining the clients but additionally gives you value by organizing healthful customer-company relationship.Speak To Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1022“Cloud Service Billing is expected to grow at the highest CAGR during the forecast period” Cloud carrier billing is anticipated to develop at the highest CAGR in the course of the forecast duration.Among the diverse kinds of cloud provider billing, SaaS-primarily based offerings are becoming more popular because of its capability to offer clean customization and revolutionary functionality.The major service providers in the cloud billing market include Amazon Web Service, Inc. (U.S.) , CSC (U.S.), IBM Corporation (U.S.), NEC Corporation (Japan), Oracle Corporation (U.S.), Amdocs, Inc. (Israel), Aria System, Inc (U.S.)., CGI Group, Inc. (Canada), SAP SE (Germany), and Zuora, Inc. (U.S.).About MarketsandMarketsMarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports.
According to new market research report on"Cloud Billing Market by Type (Subscription Billing, Metered Billing), Providers (CSP, Telecom and Communication Provider, & MSP), Application (Customer, Revenue, & Account Management, Organization Size, Vertical, and Region - Global forecast to 2021", The cloud billing market size is estimated to grow from USD 5.68 Billion in 2016 to USD 16.59 Billion by 2021, at expected Compound Annual Growth Rate (CAGR) of 23.9% from 2016 to 2021.High demand for billing operations, centralized, and convergent billing solutions and the growing need to lower capital and operating expenditure is increasing the demand for cloud billing in the market.Browse and in-depth TOC on “Cloud Billing Market” 64 - Tables50 - Figures 151 - Pages               Ask For PDF @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1022 “Cloud Service Billing is expected to grow at the highest CAGR during the forecast period”Cloud carrier billing is anticipated to develop at the highest CAGR in the course of the forecast duration.Advancement in cloud era has extended the client base appreciably inside the billing marketplace and raised the call for for cloud billing.Among the diverse kinds of cloud provider billing, SaaS-primarily based offerings are becoming more popular because of its capability to offer clean customization and revolutionary functionality.“Customer Management is expected to gain prominent traction during the forecast period”The cloud billing market is anticipated to grow at an excellent CAGR at some stage in the forecast length.Customer retention and patron comments are the two maximum crucial elements businesses are that specialize in, thereby growing the software of customer control in the cloud billing market.Moreover, cloud billing no longer only allows in retaining the clients but additionally gives you value by organising healthful customer-company relationship.“Media & Entertainment and Telecommunication & ITES are expected to grow at the highest CAGR during the forecast period.“The media and leisure enterprise is witnessing a ability boom in the cloud billing market throughout areas attributable to the growth in the adoption of virtual channels.
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