Updated 2025 Market Reports Released: Trends, Forecasts to 2034 — Early Purchase Your Competitive Edge Today!
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What Does The Cloud Billing Market Research Indicate About Its Size and Growth Rate?
The cloud billing market size has been witnessing robust growth in recent years. The market, valued at $8.66 billion in 2024, is predicted to reach $9.79 billion in 2025, growing at a compound annual growth rate (CAGR) of 13.1%. This surge during the historic period has been propelled by increased demand for subscription-based services, scalability needs of expanding businesses, requirements for efficient and centralized billing systems, amplification of digital transformation initiatives, and the rising demand for cost optimization and efficiency in business operations.
The market size is projected to reach a substantial $20.59 billion by 2029, growing at a CAGR of 20.4%. Anticipated growth factors include the increasing adoption of hybrid and multi-cloud environments, a growing focus on real-time billing and invoicing, an emphasis on compliance and security in cloud billing, and an uptick in demand for sustainable and eco-friendly cloud billing solutions in the retail, healthcare, and telecommunications sectors. Emerging trends include the integration of artificial intelligence in billing processes and blockchain for secure transactions, demand for personalized billing experiences, evolving pricing models, and increased collaboration between cloud providers and billing solution providers.
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What Are The Key Drivers Propelling the Cloud Billing Market Growth?
The cloud billing market’s growth is expected to be driven by the rising need for lower capital and operating expenditure. The introduction of cloud technology has enabled billing to transition from a standalone back-office product to an integral part of the entire quote-to-cash process. Cloud billing allows businesses to realize cost savings while delivering excellent customer service. For instance, according to the India Brand Equity Foundation, India’s total public cloud services market is predicted to reach US$ 17.8 billion by 2027. Thus, the mounting need for lower capital and operating expenditure is fueling the growth of the cloud billing market.
What Are the Main Segments of the Cloud Billing Market?
• By Type: Subscription Billing, Metered Billing, Cloud Service Billing, Provisioning, Other Types
• By Deployment Type: Private Cloud, Public Cloud
• By Organization Size: Large Enterprises, SMEs
• By Application: Account Management, Revenue Management, Customer Management, Other Applications
• By Vertical: BFSI, Telecommunications And ITES, Consumer Goods And Retail, Healthcare and life sciences, Other Verticals
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Who Are The Major Players in The Cloud Billing Market?
Major players in the cloud billing market include Aria System Inc., Amdocs Inc., Oracle Corporation, NEC Corporation, Jamcracker Inc., IBM Corporation, CGI Group Inc., SAP SE, Zuora Inc., BillingPlatform Corp., Recurly Inc., Cerillion plc, ConnectWise LLC, AppDirect Inc., Chargebee Inc., RecVue Inc., Chargify Inc., Salesforce.com Inc., Orbitera Inc., Amazon Web Services Inc., ChargeOver Inc., Fusebill Inc., Chargezoom LLC, Gotransverse Inc., SaaSOptics LLC, Cheddar Inc., PayStand Inc., Invoiced Inc., Zoho Corp., Paddle Ltd.
What Emerging Trends Are Influencing the Cloud Billing Market Landscape?
Technology advancements are reshaping the cloud billing market. Key players are focused on developing innovative tech solutions to bolster business growth. For example, in May 2023, US-based FinOps Foundation launched FOCUS, an initiative to develop open specifications for presenting cloud usage, billing, and pricing information. FOCUS aims to facilitate collaboration between key cloud providers, FinOps tools manufacturers, significant SaaS providers, and sophisticated FinOps organizations.
Which Is the Largest Region In The Cloud Billing Market?
In 2024, North America was the largest region in the cloud billing market, with Asia-Pacific predicted to be the fastest-growing region in the forecast period. The cloud billing market report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Market Definition: What Does The Cloud Billing Market Report 2025 Offer?
Cloud billing refers to a combination of cloud computing and electronic billing. As firms expand their capabilities and implement on-premises billing infrastructure, cloud billing is revolutionizing computing systems, offering enhanced billing flexibility and easier data access. The Cloud Billing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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