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Subscription & Billing Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Subscription billing is a business model in which a customer pays a subscription charge to access a product or a service. This model is employed by various businesses and websites. A subscription billing model offers periodic access to a service or product. Renewal of a subscription may be automatically activated and periodic, such that the cost for a new period is automatically charged to a customer’s checking account or a credit card. Subscription and billing management software is used to store payment data and process charges to automatically manage recurring revenue from customer subscriptions. Subscription and billing software facilitates effective management and up-gradation of subscription plans. E-commerce businesses use subscription and billing management software to retain consumers and create brand loyalty. Subscription and billing software adds to the payment functionality of a payment gateway and integrates with other tools such as catalog management software, e-commerce tools, and platform solutions. Products in the subscription and billing management category are offered as a standalone tool or a software suite. The overall subscription process is managed by software suites, while the standalone tools consists of specialized add-ons that facilitate businesses to add subscription models to their product offerings.

The proliferation of technology and the growing demand for efficient management of subscription and billing processes are the major factors driving the growth of the subscription and billing management market. Industries such as media and entertainment, and public sector and utilities are expected to deliver on –time and quality services, which mandates them to adopt efficient and robust payment processes. Furthermore, various advantages offered by subscription and billing management software such as automated invoicing, reduced initial setup cost, accurate billing process, and multiple payment processing options are further fueling the growth of this market. However, security concerns regarding the usage and deployment of subscription and billing management solutions pose challenges in the growth of this market. Moreover, these solutions require frequent up-gradations and maintenance costs that present hurdles in their widespread adoption.

The subscription and billing management market can be categorized by type of deployment, solutions, end-use, services, user type, and geography. By type of deployment, the market can be sub-segmented into cloud and on-premise. By solutions, the market can be further categorized into quote and pricing management, subscription order management, dispute management, receivables management, and credit and collection management. By end-use, the market can be further segmented into banking, financial services and insurance (BFSI), healthcare, retail, media and entertainment, manufacturing, public sector and utilities, transportation and logistics, and IT and telecom. Furthermore on the basis of services, the market is further divided into managed and professional services. Also, by user type, the market is further categorized into small and medium enterprises (SMEs) and large enterprises. Geographically, the market is segmented into North America, South America, Asia-Pacific, Europe, and Middle East and Africa.

The key players operating in the subscription and billing management market include Oracle Corporation, Zuora Inc., NetSuite, Inc., SAP SE, Computer Sciences Corporation, Cleverbridge AG, Avangate, Inc., Cerillion Technologies Limited, Aria Systems, Inc., Apptus Corporation, Blusynergy, Transverse LLC, d.b.a. goTransverse, LogiSense Corporation, and Recurly, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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