Global Subscription & Billing Management Market, By Component (Software, Services), Deployment Type (Cloud, On-Premises), Organization Size (SMEs, Large Enterprises), Vertical (BFSI, Retail and E-Commerce, IT, Telecom, Media and Entertainment, Public Sector and Utilities, Transportation and Logistics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Subscription & Billing Management Market
The subscription & billing management market is expected to witness market growth at a rate of 13.50% in the forecast period of 2021 to 2028 and is expected to reach USD 11.52 billion by 2028. Data Bridge Market Research report on subscription & billing management market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing adoption of subscription business models is escalating the growth of subscription & billing management market.
Subscription billing refers to a complicated business model involving a digital or physical method and allows the subscribed customers to pay their bills. Large number of websites and businesses access these services for a better management of subscribers. Multiple service providers from the subscription and billing management provide an automatic payment option that could be done by linking the user’s credit or debit card or bank account.
The rise in need for upgrading legacy systems, growing need for adhering to compliance and adoption of subscription business models by several enterprises are the major factors driving the subscription & billing management market. The growing focus on reducing subscriber churn to improve customer retention, the rising concerns regarding customer churn causing problems for businesses as gaining new customers is more expensive than retaining existing ones and high adoption of subscription & billing management solutions to eliminate such challenges by various organizations accelerate the subscription & billing management market growth. The preference for personalized services including new services and customized promotion based on customers’ past activity and purchase history among others encouraging the customer retention rate and integration of business tactics to leverage user’s viewing behavior and provide customized recommendation as per the customer’s preference influence the subscription & billing management market. Additionally, rising adoption of subscription business models, high need for upgrading legacy systems, growing investments towards the implementation of advanced marketing technologies and surge in investment positively affect the subscription & billing management market. Furthermore, ML to optimize subscription billing and scalability of SaaS business model extend profitable opportunities to the subscription & billing management market players in the forecast period of 2021 to 2028.
On the other hand, data synchronization complexities and lack of consistent recurring payment infrastructure are factors expected to obstruct the subscription & billing management market growth. The rise in the concerns regarding cloud data security and privacy and in-house subscription billing practice are projected to challenge the subscription & billing management market in the forecast period of 2021 to 2028.
This subscription & billing management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on subscription & billing management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Subscription & Billing Management Market Scope and Market Size
The subscription & billing management market is segmented on the basis of component, deployment type, organization size and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of component, the subscription & billing management market is segmented into software and services. Services are further segmented into consulting, implementation, and support and maintenance.
- On the basis of deployment type, the subscription & billing management market is segmented into cloud and on-premises.
- On the basis of organization size, the subscription & billing management market is segmented into SMES and large enterprises.
- On the basis of vertical, the subscription & billing management market is segmented into BFSI, retail and ecommerce, IT, telecom, media and entertainment, public sector and utilities, transportation and logistics and others.
Global Subscription & Billing Management Market Country Level Analysis
The subscription & billing management market is analyzed and market size, volume information is provided by country, component, deployment type, organization size and vertical as referenced above.
The countries covered in the global subscription & billing management market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the subscription & billing management market due to the presence of the world’s leading telecom service providers and subscription & billing management vendors, rise in adoption of bring your own device (BYOD) and cloud-based services, high investment on subscription & billing software and increasing adoption of mobile devices in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Subscription & Billing Management Market Share Analysis
The subscription & billing management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to subscription & billing management market.
The major players covered in the subscription & billing management market report are SaaSOptics, Zuora Inc., Aria Systems, Inc., Gotransverse, Sage Intacct, Inc., BillingPlatform, 2Checkout, cleverbridge AG, Recurly, Inc., Digital River, Inc., Oracle, Bright Market, LLC, JustOn GmbH, Apttus Corporation, Vindicia, Inc., Fusebill, Zoho Corporation Pvt. Ltd., Chargebee, Chargify LLC, SAP Salesforce.com, inc. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-