Subscription and billing management market trends, subscription and billing management market scope, subscription and billing management market insights, subscription and billing management market size, subscription and billing management market forecast, subscription and billing management market growth
What Are the Projections For the Subscription & Billing Management Market Size And Growth Rate?
The subscription & billing management market size is undergoing substantial expansion, growing from $7.52 billion in 2024 to $8.55 billion in 2025, reflecting a robust compound annual growth rate (CAGR) of 13.7%. This growth run in the historic period can be attributed to the shift towards subscription-based models, the emergence of SaaS and cloud services, rising consumer demand for flexibility, the advent of IoT and connected devices, and heightened regulatory compliance and security concerns.
The upward trend in the subscription & billing management market is set to accelerate with the forecasted market value reaching $15.92 billion in 2029 at a compound annual growth rate (CAGR) of 16.8%. This anticipated market growth is largely due to continuous innovation and product development, broader adoption of subscription models in new industries, the need for scalability and flexibility, the expansion of partner ecosystems, and an intensified focus on enhancing customer experience. Major trends for the forecast period include a shift to subscription-based business models, rise in SaaS and cloud services, increased demand for personalization and customization, complexity in pricing and packaging, and a relentless focus on customer experience.
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What Are The Key Drivers of the Subscription & Billing Management Market?
The subscription & billing management market is gaining significant traction due to the growing proliferation of electronic media and devices. Electronic media and devices’ increased use offer customers better access to online products or services necessitating an enhanced management of subscription and billing of customers. For instance, LG, a South Korea-based consumer electronics company, reported its highest annual revenue ever in January 2023, an increase of 12.9% from 2021. LG’s Home Appliance & Air Solution Company’s revenue in 2022 was $22.5 billion, rising by 10.3% from 2021. This rise in electronic media and device penetration is emerging as a key propellant of the subscription & billing management market.
What Are The Primary Segments In The Subscription & Billing Management Market?
1) By Payment: Fixed, Variable
2) By Component: Software, Services
3) By Deployment Type: Cloud, On-Premises
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Who Are The Major Players In The Subscription & Billing Management Market?
The booming subscription & billing management market is home to several key players including Zuora Inc., Aria Systems, Gotransverse, BillingPlatform, cleverbridge AG, SAP SE, Apttus Corporation, Oracle Corporation, NetSuite Inc., LogiSense Corporation, BLUSYNERGY BUSINESS SERVICES LLP, Cerillion Technologies Limited, Recurly Inc., Computer Sciences Corporation, Transverse LLC, Chargebee Inc., Chargify LLC, SaaSOptics LLC, Chargezoom Inc., PaySimple Inc., Zoho Corporation Pvt. Ltd., AppFrontier LLC, Chargefox Pty Ltd, Billsby, ChargeKeep Inc., Rebilly, Vindicia, Spreedly, Cheddar, Paddle, Subscription DNA, PayClix.
What Are The Emerging Trends In The Subscription & Billing Management Market?
The subscription & billing management market is experiencing a substantial shift with advanced technological and cloud platform implementations gaining prime importance. Major companies operating in this sphere are focusing on providing technologically advanced solutions to strengthen their market stronghold. They are integrating next-gen subscription and billing technologies into their software and services to achieve hardware optimization, enhance security and reduce IT and other recurring costs. One such instance is the partnership formed between TCS and MATRIXX Software in February 2022 to provide a comprehensive next-generation subscription management platform for CSPs that is cloud-native. This comprehensive solution will support Communication Service Providers (CSPs) in transforming their businesses, enhancing customer experience and propelling growth.
What Regions Are Fastest Growing In The Subscription & Billing Management Market?
The North American region claimed the largest share in the subscription & billing management market in 2024. However, Asia-Pacific is projected to register the fastest growth in the forecast period. The subscription & billing management market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Subscription & Billing Management Market Report 2025 Offer?
The subscription & billing management market refers to the provision of subscription and billing management software to individual companies to manage the customer’s journey from price setup to subscribing to a product or paid service. Subscription and billing management aids in trial management, credit assignment, refunds, and mid-cycle subscription modifications for subscribers. The Subscription & Billing Management Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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