The Business Research Company's Cloud Billing Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034
LONDON, GREATER LONDON, UNITED KINGDOM, January 31, 2025 /EINPresswire.com/ -- Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!The cloud billing market has experienced rapid growth in recent years. It is projected to increase from $8.66 billion in 2024 to $9.79 billion in 2025, reflecting a compound annual growth rate (CAGR) of 13.1%. The growth during the historic period can be attributed to the rising demand for subscription-based services, the scalability needs of expanding businesses, the necessity for efficient and centralized billing systems, the expansion of digital transformation initiatives, and the increasing focus on cost optimization and operational efficiency.
How Big Is the Global Cloud Billing Market Expected to Grow, and What Is Its Annual Growth Rate?
The cloud billing market is expected to experience significant growth in the coming years. It is projected to reach $20.59 billion by 2029, with a compound annual growth rate (CAGR) of 20.4%. The anticipated growth during the forecast period can be attributed to the rising adoption of hybrid and multi-cloud environments, an increasing emphasis on real-time billing and invoicing, a stronger focus on compliance and security in cloud billing, a growing demand for sustainable and eco-friendly cloud billing solutions, and the expanding need for cloud billing solutions across the retail, healthcare, and telecommunications industries.
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What Is Driving the Growth of the Cloud Billing Market?
The increasing demand for reduced capital and operational expenses is expected to fuel the growth of the cloud billing market in the coming years. The adoption of cloud technology has transformed billing from a standalone back-office function into a crucial part of the entire quote-to-cash process. Cloud billing enables businesses to lower costs while simultaneously enhancing customer service.
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Which Leading Companies Are Driving The Growth Of The Cloud Billing Market Share?
Major companies operating in the cloud billing market include Aria System Inc., Amdocs Inc., Oracle Corporation, NEC Corporation, Jamcracker Inc.
What Are The Key Trends Driving The Growth Of The Cloud Billing Market Size?
Technological advancements are driving the evolution of the cloud billing market. Leading companies in the sector are prioritizing the development of innovative cloud billing solutions to enhance business growth.
How Is the Global Cloud Billing Market Segmented?
The cloud billing market covered in this report is segmented –
1) By Type: Subscription Billing, Metered Billing, Cloud Service Billing, Provisioning, Other Types
2) By Deployment Type: Private Cloud, Public Cloud
3) By Organization Size: Large Enterprises, SMEs
4) By Application: Account Management, Revenue Management, Customer Management, Other Applications
5) By Vertical: BFSI, Telecommunications And ITES, Consumer Goods And Retail, Healthcare and life sciences, Other Verticals
Subsegments:
1) By Subscription Billing: recurring payments, Usage-Based Subscriptions, Tiered Subscription Plans
2) By Metered Billing: Pay-As-You-Go Models, Usage Tracking And Reporting, Tiered Usage Pricing
3) By Cloud Service Billing: Infrastructure As A Service (IaaS) Billing, Software As A Service (SaaS) Billing, Platform As A Service (PaaS) Billing
4) By Provisioning: Automated Provisioning Systems, Resource Allocation Management, Service Activation And Deactivation
5) By Other Types: Hybrid Billing Models, One-Time Payment Billing, Free Trial Billing
The Leading Region in the Cloud Billing Market is:
North America was the largest region in the cloud billing market in 2024.Asia-Pacific is expected to be the fastest region in the forecast period.
What Is the Cloud Billing Market?
Cloud billing refers to a combination of cloud computing and electronic billing. Many firms are broadening their horizons by implementing an on-premises billing infrastructure. Cloud billing is transforming the computer system, allowing for greater billing flexibility and easier data access.
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