PUBLISHER: QKS Group | PRODUCT CODE: 1669295
PUBLISHER: QKS Group | PRODUCT CODE: 1669295
This product includes two reports: Market Share and Market Forecast.
QKS Group Reveals that Subscription and SaaS Billing Management Application Market is Projected to Register a CAGR of above average by 2028.
The subscription and billing management market has grown significantly due to technological advancements and increased investments. This growth is driven by the integration of artificial intelligence, IoT, and blockchain into subscription and billing solutions, along with the widespread adoption of machine-to-machine (M2M) solutions across various industries such as transportation, manufacturing, energy, utilities, and retail. Additionally, customer demands for personalized services and the rise of subscription-driven business models in various sectors are further boosting the adoption of these applications.
Quadrant Knowledge Solutions defines "Subscription and billing management as a framework for handling a customer's entire lifecycle with regard to a product or service and charging them appropriately throughout the agreement. It is implemented when a customer signs up for the purchase of a product or a service and terminates when they cancel or end the subscription."
QKS Group Reveals that Subscription and SaaS Billing Management Application Market is Projected to Register a CAGR of above average by 2028.
The subscription and billing management market has grown significantly due to technological advancements and increased investments. This growth is driven by the integration of artificial intelligence, IoT, and blockchain into subscription and billing solutions, along with the widespread adoption of machine-to-machine (M2M) solutions across various industries such as transportation, manufacturing, energy, utilities, and retail. Additionally, customer demands for personalized services and the rise of subscription-driven business models in various sectors are further boosting the adoption of these applications.