PUBLISHER: QKS Group | PRODUCT CODE: 1669298
PUBLISHER: QKS Group | PRODUCT CODE: 1669298
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 Middle East and Africa.
The Middle East and Africa are rapidly emerging as key markets for Subscription and SaaS Billing Management (SSBM) applications. The region 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. Organizations in the Middle East and Africa 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 Middle Eastern and African markets are 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 the Middle East and Africa.
Middle East & Africa (MEA) is increasingly becoming a pivotal market for Subscription and SaaS Billing Management (SSBM) applications. The region is undergoing rapid digital transformation across diverse sectors, spurred by the need for closer alignment between business strategies and IT capabilities. This transformation is driving a strong demand for robust SSBM solutions. Organizations in MEA are realizing the benefits of SSBM applications that offer versatile pricing models, including flat rate, usage-based, tiered structures, and combinations thereof. These solutions enable businesses to accurately calculate and recognize revenue based on consumption patterns and the actual value delivered to customers.
Consequently, the MEA market is experiencing substantial growth in the adoption of SSBM applications. Companies are deploying these solutions to streamline processes, boost operational agility, and enhance competitiveness within the dynamic 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."