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
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Cloud Billing Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2021 Market Research Report to It’s a Database.
The cloud billing market size is estimated to grow from USD 5.68 billion in 2016 to USD 16.59 billion by 2021, at an estimated CAGR of 23.9% from 2016 to 2021. The cloud billing market is driven by factors such as increased adoption of cloud technology by Small and Medium Enterprises (SMEs) and the organization’s inclination toward subscription-based billing and pay-per-use model.
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Subscription billing is expected to have the largest market share during the forecast period.
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Moreover, its ability to predict the revenue of the business process helps companies to further plan their business has contributed to its popularity.
Account Management is expected to have the largest market share during the forecast period because the major part of account management include customer handling and managing their account. Cloud billing solutions and services help organizations maintain a better professional relationship with their customers and solve their issues.
This advantage of cloud billing has led to its penetration in the account management area.
Real-time billing, pay per use billing model, SaaS-based offerings, and customer-relationship management are some of the upcoming trends in the cloud billing market. Moreover, this would also help the organizations to avoid the vendor lock-ins, thereby enabling customers to have the flexibility to deploy various cloud-based applications and offerings from multiple vendors through a seamless interface.
The increasing demand for cloud managed services among SMEs has further enhanced the demand for it across many verticals.
Key Points From Table Of Content:
14 Company Profiles
14.2 Amazon Web Services, Inc. (AWS)
14.2.1 Business Overview
14.2.2 Solutions Offered
14.2.3 Recent Developments
14.2.4 MnM View
18.104.22.168 Key Strategies
22.214.171.124 SWOT Analysis
14.3 Computer Sciences Corporation (CSC)
14.3.1 Business Overview
14.3.2 Solutions Offered
14.3.3 Recent Developments
14.3.4 MnM View
126.96.36.199 Key Strategies
188.8.131.52 SWOT Analysis
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14.4 International Business Machines Corporation (IBM)
14.4.2 Solutions and Services Offered
14.4.3 Recent Developments
14.4.4 MnM View
184.108.40.206 Key Strategies
220.127.116.11 SWOT Analysis
14.5 NEC Corporation
14.5.2 Services Offered
14.5.3 Recent Developments
14.5.4 MnM View
18.104.22.168 Key Strategies
22.214.171.124 SWOT Analysis
14.6 Oracle Corporation
14.7 Amdocs Inc.
14.8 Aria Systems, Inc.
14.9 CGI Group Inc.
14.10 SAP SE
14.11 Zuora, Inc.
14.12 Key Innovators
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