The global demand for Cloud Monetization Market is presumed to reach the market size of nearly USD 11.94 MN by 2028 from USD 3.24 MN in 2021 with a CAGR of 20.5% under the study period 2022 - 2028.
Cloud Monetization provides a revenue management platform through the internet to digital service providers. It is used to maintain customer relationships, create customer accounts, analyze and charge for services and collect revenue. Cloud monetization has various advantages; it provides security, scalability and is easy to operate. Additionally, the availability of flexible monetization cloud billing models helps in retaining customers. This system saves time and reduces risk as it has a simplified cloud billing model.
Market Dynamics
Rising urbanization and technological advancement are key drivers fuelling the market demand for cloud monetization. Also, increasing demand for a single bill for all services is another crucial factor boosting the market demand for cloud monetization. The rising demand for secure, scalable, reliable cloud billing will likely propel market growth. Enterprises willing to develop long customer relationships is projected to boost the market demand further. Growing awareness about the recurring revenue with the help of the cloud billing model is expected to enhance the market growth. The requirement of backup and recovery services is another factor anticipated to stimulate the market growth of cloud monetization. There is also increasing demand for cloud-based software solutions from the IT industry. However, the high cost of the cloud billing subscription model is expected to cause restraint in the growth of the cloud monetization market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cloud monetization. The growth and trends of cloud monetization industry provide a holistic approach to this study.
Market Segmentation
This section of the cloud monetization market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Software As A Service
- Infrastructure As A Service
- Platform As A Service
By Application
- BFSI
- Healthcare
- IT & Telecom
- E-Commerce & Retail
- Manufacturing
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cloud Monetization market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cloud Monetization Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cloud monetization market include Aria Systems Inc., Aspire Systems, Oracle Corporation, SAP SE, Comverse Technology Inc., Computer Associates International Inc., AppDirect Inc., Cisco Systems, Hewlett-Packard Enterprise, Gemalto Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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