DUBLIN–(BUSINESS WIRE)–The “Global Subscription & Billing Management Market (2021-2026) by Type, Solution, Deployment, Organization Size, Industry Vertical, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Subscription & Billing Management Market is estimated to be USD 7.3 Bn in 2021 and is expected to reach USD 14.2 Bn by 2026, growing at a CAGR of 14.2%.
Key factors such as an increasing number of customers preferring subscription-based models in different industries are promoting the growth of the Global Subscription & Billing Management market. Today, businesses face difficulties in identifying higher customer churn rates, i.e., tapping new customers vis-a-vis existing ones. The adoption of subscription & billing management solutions helps the enterprises offer benefits and further enhance the service delivery to their customers, making it more personalized, which can help retain the existing customers. This aids in reducing the subscriber churn rate, and therefore these solutions are being adopted by different enterprises for their billing and subscription requirements. This has aided the growth of the market.
The complexities involved in data synchronization with existing IT infrastructure and the costs involved in upgrading these solutions can be a deterrent to market growth.
The Global Subscription & Billing Management Market is segmented further based on Type, Solution, Deployment, Organization Size, Industry Vertical, and Geography.
Global Subscription & Billing Management Market, By Type
Introduction Software Services Consulting Implementation Support and Maintenance Global Subscription & Billing Management Market, By Solution
Introduction Subscription Order Management Billing Mediation Pricing & Quote Management Financial Customer Care & Dispute Management Others Global Subscription & Billing Management Market, By Deployment
Introduction Cloud On-premises Global Subscription & Billing Management Market, By Organization Size
Introduction Small and Medium-sized Enterprises Large enterprises Global Subscription & Billing Management Market, By Industry vertical
Introduction BFSI Retail and E-Commerce IT Telecom Media and Entertainment Public Sector and Utilities Transportation and Logistics Others Global Subscription & Billing Management Market, By Geography
Introduction North America South America Europe Asia Pacific Rest of the World Why buy this report?
The report offers a comprehensive evaluation of the Global Subscription & Billing Management Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies. The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry. The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report. The report also contains the competitive analysis using Competitive Quadrant, Infogence’s Proprietary competitive positioning tool. Report Highlights:
A complete analysis of the market including parent industry Important market dynamics and trends Market segmentation Historical, current, and projected size of the market based on value and volume Market shares and strategies of key players Recommendations to companies for strengthening their foothold in the market Market Dynamics
Drivers
Rising Adoption of Subscription Business Models Increasing Need for Upgrading Legacy Systems Need for Reduction in Complex Monetization Models and Reducing Billing Errors Increasing Demand for Improvising Customer Retention by Reducing Subscriber Churn rate Restraints
Data Synchronization Complexities Costs associated with up-gradation and deployment Opportunities
Rising adoption to SaaS Business Models Need for Paperless Billing & invoicing Adoption of Machine Learning (ML) Technology to Further Optimize Subscription Billing Processes Challenges
Cloud Data Security and Privacy Concerns In-House Subscription Billing Practice Lack of Consistent Recurring Payment Infrastructure Companies Mentioned
Checkout.Com Inc Apttus Corporation Aria Systems Inc BillingPlatform LLC Salesforce.com Inc SAP SE Chargebee Inc Chargify LLC Zoho Corporation Vindicia Inc Oracle Corporation Netsuite, Inc. Cerillion PLC Computer Sciences Corporation Avangate B.V. Zuora Gotransverse Sage Intacct Checkout Cleverbridge Recurl Digital River FastSpring Juston SaaSOptics Fusebil For more information about this report visit https://www.researchandmarkets.com/r/3sin89