PUBLISHER: Value Market Research | PRODUCT CODE: 1342961
PUBLISHER: Value Market Research | PRODUCT CODE: 1342961
The global demand for Subscription Billing Management Market is presumed to reach the market size of nearly USD 35.22 MN by 2030 from USD 9.1 BN in 2022 with a CAGR of 18.43% under the study period 2023 - 2030.
Subscription billing management manages customer lifecycle processes like credit assignment, refund issuance, trial management, and mid-cycle subscription modifications. It assists in managing the operational aspects of subscriptions. Subscription billing management also refers to subscription management applications that allow automation of subscription payment collection.
The subscription billing management market will flourish through the growing use of subscription-driven business models across a variety of sectors, from the manufacturing industry to financial institutions. Additionally, more businesses are adopting subscription-based business models to improve client retention rates. The subscription and billing management market is augmenting primarily due to factors such as the rising demand for better customer retention and a reduction in subscriber churn, an increase in subscription-based business models, and strict government regulations. Additionally, the market for subscription & billing management is positively impacted by increasing usage of cloud-based services, the critical requirement for upgrading legacy systems, increased investments in adopting advanced marketing technologies, and the rise in investment. Additionally, the SaaS business model's scalability and optimization of subscription billing through machine learning will further offer lucrative potential for the subscription and billing management market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of subscription billing management. The growth and trends of subscription billing management industry provide a holistic approach to this study.
This section of the subscription billing management market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Subscription Billing Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the subscription billing management market include Aria Systems Inc., Oracle, BluSynergy, SAP SE, Conga, Recurly Inc., Gotransverse, cleverbridge, Zuora Inc., LogiSense Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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