The growing need for strong cloud billing tools and government initiatives are boosting the demand for the market.

Vancouver, BC -- (SBWire) -- 12/22/2020 --Cloud Billing Market

The Global Cloud Billing Market size is anticipated to reach a value of USD 8.84 Billion by 2027 at a CAGR of 16.7%, according to an analysis by Emergen Research. The cloud billing market has gained popularity as it ensures cost-efficiency as it reduces the IT infrastructure and resources. It also offers various benefits such as increased transparency in charging and billing processes, simplified operations, virtualized workplaces, enhanced performance, and flexibility to upscale.

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Prominent Players Profiled in the Nerve Repair and Regeneration Market:

SAP, Oracle, Aria Systems, Recurly, Cerillion, ConnectWise, Salesforce, Zuora, Chargify, and AppDirect, among others.

Market Drivers

The large enterprise segment is observed to hold the largest share of 65.7% in the Cloud Billing Market in the year 2019. The adoption of advanced technologies and substantial capital by large enterprises will encourage the growth of the cloud billing market. However, the telecommunication segment will dominate the cloud billing market, in terms of revenue, with USD 503.9 Million in the year 2019, owing to the rise in the number of subscribers for 5G services. The telecommunications sector is adopting various measures for a digital transformation, which would aid the market growth during the forecast period.

Component Outlook (Revenue, USD Billion; 2017-2027)
Solution
Services

Billing Type Outlook (Revenue, USD Billion; 2017-2027)
Subscription
Usage-based
One-Time
Others

Deployment Type Outlook (Revenue, USD Billion; 2017-2027)
Private
Public

Service Model Outlook (Revenue, USD Billion; 2017-2027)
IaaS
PaaS
SaaS

Organization Size Outlook (Revenue, USD Billion; 2017-2027)
Large Enterprises
Small and Medium-Sized Enterprise

Vertical Outlook (Revenue, USD Billion; 2017-2027)
BFSI
IT
Telecommunications
Education
Consumer Goods and Retail
Media & Entertainment
Healthcare
Others

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Key Objectives of the Cloud Billing Market Report:

Analysis and forecast of the Global Cloud Billing Market by segmentation of the market
Analysis of various macro and micro-economic factors influencing the growth of the market
Extensive SWOT analysis and Porter's Five Forces analysis to offer a detailed view of the competitive landscape
Insights into drivers, restraints, opportunities, limitations, threats, and challenges
Analysis of the key players operating in the industry
Strategic recommendations to the new entrants pertaining to entry-level barriers and to established players for formulating fruitful business plans

Regional Outlook

The market in the Asia Pacific region is forecasted to grow with a significantly high CAGR of 17.8% during the forecast period. The huge number of small, medium-sized, and large enterprises of the region have adopted cloud billing solutions, which have resulted in the growth of the regional market by a huge extent. The benefits of high scalability is another factor favouring the growth of the industry in the region during the forecast period.

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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