PUBLISHER: QKS Group | PRODUCT CODE: 1669301
PUBLISHER: QKS Group | PRODUCT CODE: 1669301
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 China.
China 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. Chinese 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 Chinese 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 China.
China is rapidly emerging as a critical market for Subscription and SaaS Billing Management (SSBM) applications. The country is undergoing extensive digital transformation across various sectors, driven by a pressing need for strategic alignment between business operations and technological advancements. This transformation is fueling a growing demand for robust SSBM solutions. Chinese enterprises are increasingly recognizing the value of SSBM applications that offer flexible pricing models, such as flat rate, usage-based, tiered pricing, and combinations thereof.
As a result, the Chinese market is witnessing significant growth in the implementation of SSBM applications. Businesses are leveraging these solutions to streamline operations, enhance flexibility, 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."