The subscription & billing management market size is expected to see rapid growth in the next few years. It will grow to $12.36 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to continuous innovation and product development, adoption of subscription models in new industries, scalability and flexibility requirements, expansion of partner ecosystems, focus on enhancing customer experience. Major trends in the forecast period include shift to subscription-based business models, rise in saas and cloud services, demand for personalization and customization, complexity in pricing and packaging, focus on customer experience.
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Scope Of Subscription and Billing Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The growing penetration of electronic media and devices is expected to drive the growth of the subscription & billing management market. Using electronic media and devices such as mobile devices and laptops by customers provides greater access to the use of products or services over the internet, which requires better management of subscription and billing of customers. Furthermore, Internet traffic has rocketed the numerous digital activities due to lockdowns and restrictions provoked by the COVID-19 pandemic. According to Gartner, a US-based consulting firm, in 2021, 125 million additional laptops and tablets are anticipated to be in use. Therefore, the increasing penetration of electronic media and devices will drive subscription and billing management.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The subscription & billing management market covered in this report is segmented –
1) By Payment: Fixed, Variable
2) By Component: Software, Services
3) By Deployment Type: Cloud, On-Premises
4) By Organization Size: Small And Medium Enterprises (SMEs), Large Enterprises
5) By Industry: Aerospace And Defense, Automotive And Transportation, Banking, Financial Services And Insurance, Building, Construction And Real Estate, Consumer Goods And Retail, Education, Energy And Utilities, Government And Public Sector, Healthcare And Life Sciences, Information Technology, Media And Entertainment, Telecommunication, Travel And Hospitality
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Regional Insights –
North America was the largest region in the subscription & billing management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the subscription & billing management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the subscription & billing management market report are 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
Table of Contents
1. Executive Summary
2. Subscription and Billing Management Market Report Structure
3. Subscription and Billing Management Market Trends And Strategies
4. Subscription and Billing Management Market – Macro Economic Scenario
5. Subscription and Billing Management Market Size And Growth
…..
27. Subscription and Billing Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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