PUBLISHER: QKS Group | PRODUCT CODE: 1669297
PUBLISHER: QKS Group | PRODUCT CODE: 1669297
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 in the USA.
USA is rapidly emerging as a key market for Subscription and SaaS Billing Management (SSBM) applications. The country is experiencing a surge in digital transformation across various industries, driven by a growing need for strategic alignment between business and IT. This transformation is fueling the demand for robust SSBM solutions. USA organizations are increasingly recognizing the value of SSBM applications that offer flexible pricing models-such as flat rate, usage-based, tiered, and combinations of multiple pricing models. These applications help organizations accurately calculate and recognize revenue based on usage patterns and the actual value delivered to customers. Consequently, the Canadian market is witnessing significant growth in the implementation of SSBM applications. Businesses are leveraging these solutions to streamline operations, enhance agility, and gain a competitive edge in the evolving subscription and billing management landscape.
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 in USA.
The United States has emerged as one of the most rapidly expanding markets for SSBM applications. The increasing adoption of digital transformation initiatives across various industries, coupled with the growing need for strategic alignment between business and IT, has fueled the demand for robust SSBM solutions in the country. Organizations are recognizing the value of SSBM applications facilitating flexible pricing models, such as flat rate, usage-based, and tiered, and a combination of multiple pricing models. The software helps organizations calculate and recognize revenue based on the usage pattern and actual value delivered to the customers. As a result, the U.S. market is witnessing significant growth in the implementation of SSBM applications, with businesses leveraging these solutions to streamline their operations, enhance agility, and gain a competitive edge in the ever-evolving subscription & billing management 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."