Cloud Monetization Market Segmented By Type such as Software as a service, Infrastructure as a service, Platform as a service Provides Professional Services, Managed Services
Industry: IT and Telecommunication
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32603
The cloud monetization market is set to witness robust growth of around 16% during 2021-2031. One of the major growth drivers for the cloud monetization market happens to be the increase in demand for reliable, scalable, and secure solution for cloud billing models.
The cloud monetization market is predominantly driven by the increase in demand from enterprises for one bill that includes all cloud service level agreements and other cloud based services. Cloud monetization helps in reducing the risk and time by providing easy and simplified cloud billing models.
This happens to be one of the major factors boosting the demand for cloud monetization market globally. Furthermore, rise in demand for recovery and backup services is another major factor driving the demand for cloud monetization market across the globe.
Cloud monetization offers a cloud-based charging, payments, billing, and revenue management platform for subscription-based products and services. Increasing demand for a single bill for all services is one of the major factor driving the growth of cloud monetization market. Cloud monetization offers numerous benefits such as scalability, security, and operational efficiency.
It also improves customer retention by providing feasible monetization cloud billing models. It is used to create customer accounts, manage customer relationships, charge for services, and analyze and collect revenue. Most of the organizations operating in the market prefer the private cloud model for security and compliance purposes. On the other hand, increasing prices of cloud billing subscription models is expected to cause hindrance in the growth of cloud monetization market over the forecast period.
On the basis of industry, the cloud monetization market has been bifurcated in to BFSI, healthcare, IT & telecom, e-commerce & retail, manufacturing, and others. Out of which, IT & telecom segment is expected to hold the largest share of the global cloud monetization market. This is owing to the increasing demand for cloud based software solutions across the IT industry. Moreover, increase in demand for connected devices is further fueling the growth of cloud monetization market.
U.S. happens to be one of the largest markets for cloud monetization across the globe. The growth in U.S. is attributed to the presence of established players such as Aria Systems, Inc., Oracle Corporation, and Comverse Technology, Inc., among others in the region.
Moreover, there has been a considerable rise in the transition to more software-based business models thereby driving the demand for cloud monetization market. Furthermore, the market for cloud monetization in Canada is estimated to expand at a considerable rate and grow at the highest CAGR during the forecast period.
The cloud monetization market in Europe is projected to grow at a significant rate over the forecast period. The Europe region is projected to generate attractive opportunities in the cloud monetization market over the forecast period. Technological advancements and increasing urbanization in the region are driving the demand for cloud monetization market.
Moreover, increase in awareness about the recurring revenue with the help of cloud billing models is further driving the demand for cloud monetization in the region.
Some of the leading providers of cloud monetization include
Companies like Oracle are providing cloud monetization solutions and services with end-to-end revenue management system for digital service providers. With the help of cloud monetization offerings, the customers are then able to configure product offerings, charge for services, create customer accounts, collect and analyze revenue, and manage customer relationships accordingly.
By Type
By Services
By Enterprise Size
By Industry
By Region
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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