The Business Research Company’s Subscription And Billing Management Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Subscription And Billing Management Global Market Report 2023 evaluates subscription and billing management market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global subscription and billing management market is expected to grow from $10,096.5 million in 2026 at a rate of 14.6%. The market is then expected to grow at a CAGR of 15.9% from 2026 and reach $21,103.1 million in 2031.
During the forecast period, the rising adoption of SaaS business models will support the growth of the market. SaaS (Software as a Service) is a cloud-based technology that allows customers to access and use software over the internet. The SaaS business model is built on the subscription-based sale of cloud-based software. The subscription fee for cloud-based software is often paid monthly or yearly, and it may typically be accessed through mobile, desktop, and online apps. For example, in September 2021, the SaaS market is expanding by 18% annually. At least one SaaS solution will be used by 99% of businesses by the end of 2021. SaaS possibilities have previously been financed by over 78% of small enterprises. Healthcare industry usage of SaaS is increasing at a 20% annual rate. According to a recent report, agility and scalability are two of the top reasons given by Chief information officers (CIOs) for employing SaaS apps, and roughly 78% of firms have already made the investment. Thus, the adoption of SaaS business models will support the growth of the market.
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The subscription and billing management market segments in the report are:
1) By Component: Software; Services
2) By Payment: Fixed; Variable
3) By Organization Size: Small And Medium Enterprises (SMEs); Large Enterprises
4) By Deployment Type: Cloud; On-Premise
5) By Industry: Retail And E-commerce; Banking, Financial Services And Insurance; Healthcare; IT And Telecom; Media And Entertainment; Public Sector And Utilities; Transport And Logistics; Other Industries
The table of contents in TBRC’s subscription and billing management market report includes:
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