Valued to be $33.1 Billion by 2026, Cloud Billing Slated for Robust Growth Worldwide

SAN FRANCISCO, June 29, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Cloud Billing - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

• Global competitiveness and key competitor percentage market shares
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Edition: 17; Released: January 2022
Executive Pool: 38886
Companies: 11 - Players covered include Amazon Web Services, Inc.; AMDOCS Ltd.; Aria Systems, Inc.; AsiaInfo Technology Holdings Co., Ltd.; Cerillion Technologies Limited; CGI Group, Inc.; Chargebee Inc.; Cloudability, Inc.; Huawei Technologies Co., Ltd.; IBM Corporation; NEC Corporation; NetCracker Technology Corp.; Oracle Corporation; SAP SE; Tech Mahindra Ltd.; Telefonaktiebolaget LM Ericsson; Utilibill Pty Ltd; Zuora, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Type (Cloud Service Billing, Metered Billing, Provisioning, Subscription Billing, Other Types); Vertical (Telecommunications, BFSI, IT, Media & Entertainment, Consumer Goods & Retail, Healthcare, Education, Other Verticals)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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Amid the COVID-19 crisis, the global market for Cloud Billing estimated at US$11.6 Billion, is projected to reach a revised size of US$33.1 Billion by 2026, growing at a CAGR of 18.7% over the analysis period. Metered Billing, one of the segments analyzed in the report, is projected to record a 19.2% CAGR and reach US$10.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Provisioning segment is readjusted to a revised 18.2% CAGR for the next 7-year period.

The Cloud Billing market in the U.S. is estimated at US$4.3 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.9 Billion by the year 2026 trailing a CAGR of 18.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.6% and 15.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13% CAGR.

In the global Subscription Billing segment, USA, Canada, Japan, China and Europe will drive the 15.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion will reach a projected size of US$3.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com 
Email: [email protected] 

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SOURCE Global Industry Analysts, Inc.