United States Cloud Billing Market Unique Trends Unique Analytics New technologies New Vision And Forecast Research Report 2017-2022
Cloud billing can be defined as the process of generating bills from the resource usage data with the help of predefined data sets and billing policies. Cloud billing offers low cost of ownership, ability to add new services emerging in the dynamic environment, set of connectors, device and independent access to billing information.
The cloud billing system enables users to easily manage and retrieve data from various locations and, also helps in serving their customers in a better manner. Globally, a shifting focus from the product centric approach to the customer centric approach is expected to propel the growth of market during the period of study.
Cloud billing market is segmented based on the type, application, deployment model, industry vertical and geography. By type, the market is categorized into subscription billing, metered billing, cloud service billing and provisioning.
On the basis of application, the market is segmented into customer management, revenue management and account management. Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) are considered under deployment model segment.
When segmented by industry vertical, the cloud billing market is segmented into banking financial & insurance, retail, education, public sector and utilities, healthcare, manufacturing, media and entertainment, telecom, and others. The market has also been segmented on the basis of geography that includes a detailed study of the key economies across each region such as North America, Asia-Pacific, Europe and RoW.
The overall market is projected to reach $xx.xx billion by the end of 2022 growing at a CAGR of over xx.xx% during the forecast period from 2017 to 2022. North America is dominating the cloud billing market owing to the higher demand and consumption of advanced technologies in various retailing functions such as retailing and among other business practices.
North America was followed by Europe and Asia-Pacific as second and third largest market for the global market. Asia Pacific is projected to have the fastest growth rate during the forecast period, owing to a rapidly developing retail business network and growing technological adoption in business practices in major developing economies such as China and India in this region.
In this report, the market is forecasted from 2017 to 2022.
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