Market Forecast by Countries (United States, Canada), By Component (Solutions, Services), By Service Model (IaaS, PaaS, SaaS), By Billing Type (Subscription, Usage-Based, One-Time, Others), By Organization Size (Large Enterprises, SMEs), By Deployment Type (Private Cloud, Public Cloud), By Vertical (BFSI, IT, Telecommunications, Education, Consumer Goods & Retail, Media & Entertainment, Healthcare, Others) And Competitive Landscape
Product Code: ETC4621393 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America Cloud Billing Market |
Forecast Period | 2025-2031 |
Forecast Size | USD 951.19 billion By 2031 |
CAGR | 6.5% |
Growing Sector | BFSI |
North America Cloud Billing Market report thoroughly covers the market by Countries, By Component, By Service Model, By Billing Type, By Organization Size, By Deployment Type, By Vertical Type . The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Cloud Billing Market was valued at USD 495.30 billion and is expected to reach USD 951.19 billion , growing at a CAGR of around 6.5% from 2025-2031. The market growth is driven by the increasing adoption of cloud-based services, the growing demand for automated billing processes, and the rise in digital transformation among businesses. Additionally, factors such as cost-effective and scalable solutions provided by cloud billing, along with the increasing need for real-time billing and invoicing, are also contributing to the market growth.
The North America Cloud Billing market is expected to witness significant growth during the forecast period. This can be attributed to the increasing number of small and medium-sized enterprises (SMEs) adopting cloud-based solutions for their billing processes, as it allows them to streamline their operations and reduce costs.
According to 6Wresearch, the North America Cloud Billing Market size is expected to grow at a significant CAGR of 6.5% during the forecast period 2025-2031. This growth can be attributed to the increasing adoption of cloud-based services and digital transformation across various industries in North America. Additionally, government initiatives promoting cloud technology adoption, such as the US Federal Cloud Computing Strategy, are also contributing to the market growth. Moreover, the rising trend of subscription-based models in various industries, such as healthcare, retail, and media & entertainment, is also boosting the demand for cloud billing solutions. These solutions offer flexible pricing structures and convenient payment options for customers, making them more appealing than traditional billing methods.
The North America Cloud Billing market is witnessing several trends that are shaping the future of the industry. One such trend is the increasing use of artificial intelligence (AI) and machine learning (ML) in cloud billing solutions. These technologies help automate and optimize various billing processes, reducing errors and improving overall efficiency.
Another trend in the market is the integration of cloud billing with other business systems, such as customer relationship management (CRM) and enterprise resource planning (ERP). This enables businesses to have a more comprehensive view of their operations and improve decision-making processes. Moreover, with the growing demand for personalized services, many companies are adopting usage-based and pay-per-use models for their cloud billing. This allows customers to pay for only the services they use, leading to higher customer satisfaction and retention.
The North America Cloud Billing market offers numerous investment opportunities for businesses and investors. With the increasing demand for cloud-based services, there is a huge potential for growth in this market. One opportunity lies in developing innovative and specialized cloud billing solutions for specific industries, such as healthcare, retail, and media & entertainment. These industries have unique billing requirements that can be addressed through tailored cloud billing solutions.
Additionally, investing in research and development to improve existing cloud billing technologies or develop new ones can also lead to significant advantages in this competitive market. Furthermore, partnerships and collaborations with established players in the market can help businesses expand their reach and offer comprehensive solutions to customers.
The North America Cloud Billing market is subject to various government regulations and policies, which play a crucial role in its performance. For instance, data privacy laws such as the General Data Protection Regulation (GDPR) in the EU and the California Consumer Privacy Act (CCPA) in the US have a significant impact on how companies collect, store, and process customer data for billing purposes. Moreover, government initiatives promoting cloud technology adoption, along with regulations related to data security and compliance, also influence the market dynamics. Businesses operating in this market must stay updated with these regulations to ensure legal compliance and maintain their reputation.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Dhaval, Research Manager, 6Wresearch, The US and Canada are expected to dominate the North America Cloud Billing market during the forecast period due to the early adoption of cloud services and the presence of major players in these countries.
The solutions segment is expected to dominate the North America Cloud Billing market during the forecast period. This can be attributed to the increasing demand for automated billing processes and real-time invoicing, which are driving businesses towards adopting cloud billing solutions.
SaaS is expected to witness significant growth in the North America Cloud Billing market. This can be attributed to the increasing adoption of subscription-based models and the benefits of scalability and cost-effectiveness offered by SaaS solutions.
The subscription billing segment is expected to dominate the North America Cloud Billing market during the forecast period. This can be attributed to its compatibility with various business models and flexibility in pricing structures, making it a preferred choice for many businesses.
Large enterprises are expected to dominate the North America Cloud Billing market due to their greater financial resources and higher adoption of cloud-based services. However, with the increasing availability of cost-effective solutions and the rising trend of digital transformation among small and medium-sized enterprises (SMEs), this segment is also expected to witness significant growth in the coming years.
The private cloud segment is expected to dominate the North America Cloud Billing market due to its security and control benefits. However, with the increasing adoption of hybrid cloud solutions, the public cloud segment is also expected to witness significant growth.
The BFSI sector is expected to dominate due to its high adoption rate of cloud-based services for various financial operations such as online banking and payment processing. The IT industry also holds a significant share in the market with the increasing use of cloud computing for software development and testing.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Cloud Billing Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Cloud Billing Market Revenues & Volume, 2021 & 2031F |
3.3 North America Cloud Billing Market - Industry Life Cycle |
3.4 North America Cloud Billing Market - Porter's Five Forces |
3.5 North America Cloud Billing Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Cloud Billing Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.7 North America Cloud Billing Market Revenues & Volume Share, By Service Model , 2021 & 2031F |
3.8 North America Cloud Billing Market Revenues & Volume Share, By Billing Type , 2021 & 2031F |
3.9 North America Cloud Billing Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.10 North America Cloud Billing Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.11 North America Cloud Billing Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 North America Cloud Billing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Cloud Billing Market Trends |
6 North America Cloud Billing Market, 2021 - 2031 |
6.1 North America Cloud Billing Market, Revenues & Volume, By Component , 2021 - 2031 |
6.2 North America Cloud Billing Market, Revenues & Volume, By Service Model , 2021 - 2031 |
6.3 North America Cloud Billing Market, Revenues & Volume, By Billing Type , 2021 - 2031 |
6.4 North America Cloud Billing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
6.5 North America Cloud Billing Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
6.6 North America Cloud Billing Market, Revenues & Volume, By Vertical, 2021 - 2031 |
7 United States Cloud Billing Market, 2021 - 2031 |
7.1 United States Cloud Billing Market, Revenues & Volume, By Component , 2021 - 2031 |
7.2 United States Cloud Billing Market, Revenues & Volume, By Service Model , 2021 - 2031 |
7.3 United States Cloud Billing Market, Revenues & Volume, By Billing Type , 2021 - 2031 |
7.4 United States Cloud Billing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
7.5 United States Cloud Billing Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
7.6 United States Cloud Billing Market, Revenues & Volume, By Vertical, 2021 - 2031 |
8 Canada Cloud Billing Market, 2021 - 2031 |
8.1 Canada Cloud Billing Market, Revenues & Volume, By Component , 2021 - 2031 |
8.2 Canada Cloud Billing Market, Revenues & Volume, By Service Model , 2021 - 2031 |
8.3 Canada Cloud Billing Market, Revenues & Volume, By Billing Type , 2021 - 2031 |
8.4 Canada Cloud Billing Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
8.5 Canada Cloud Billing Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
8.6 Canada Cloud Billing Market, Revenues & Volume, By Vertical, 2021 - 2031 |
9 North America Cloud Billing Market Key Performance Indicators |
10 North America Cloud Billing Market - Opportunity Assessment |
10.1 North America Cloud Billing Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Cloud Billing Market Opportunity Assessment, By Component , 2021 & 2031F |
10.3 North America Cloud Billing Market Opportunity Assessment, By Service Model , 2021 & 2031F |
10.4 North America Cloud Billing Market Opportunity Assessment, By Billing Type , 2021 & 2031F |
10.5 North America Cloud Billing Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
10.6 North America Cloud Billing Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
10.7 North America Cloud Billing Market Opportunity Assessment, By Vertical, 2021 & 2031F |
11 North America Cloud Billing Market - Competitive Landscape |
11.1 North America Cloud Billing Market Revenue Share, By Companies, 2024 |
11.2 North America Cloud Billing Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |