Cloud billing Market refers to billing solutions for digital as well as non-digital services. The flexibility of using cloud services such as Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS) anytime and anywhere has created business opportunities across various verticals but at the same time proper monetization of these services is critical so as to avoid revenue leakage and sustain through the intense competition. The billing solutions on the cloud provide organizations with several advantages including increased transparency in the charging and billing processes, virtualized workplaces, flexibility to up-scale with increase in customers, and simplified operations along with accelerated performance.