Market Trends

Cloud billing is a technique of generating bills for the clients based on the resource usage data and policy. The global cloud billing Market is estimated to be   $3.9 billion in 2017   and is estimated to surpass $9.3billion mark by growing at a CAGR of 19.07% during 2018-2023. Metered billing holds the largest market share and generated revenue of  $1.2billion in 2017   and is estimated to surpass $3.1 billion by growing at a   CAGR of 20.22%   during 2018-2023. By region Americas holds the largest market share with 35%.  What is Cloud Billing? Cloud billing refers to the process of generating bills from the resource usage data catering its application in revenue management and  customer management . This type of billing are set of predefined billing policies and can leverage both recurring and usage-based revenue models. Cloud based billing solutions manage the difficulty associated with the delivery of digital and non-digital services, and provide robust support for integration. R