Online Subscription Management Software Market Definition
Online subscription management software is the automation in managing the subscription for the products and services online that allows the timely monthly or annual billing options and marketing activities. The increasing number of SaaS businesses across the world is contributing to the increase in the online subscription management software market. The software manages all the processes of managing the free trial of the product or service, issuing refunds, making subscriptions, and many other things.
The market study is broken down by Type (Recurring Billing, Self Service Portal and Subscription Plan Management), by Application (Small and Medium Enterprises (SMEs) and Large Enterprises) and major geographies with country level splits.
NetSuite (United States), SubscriptionFlow (United Kingdom), Zoho Corporation (India), Subbly Limited (Scotland), Zuora (United States), SaaSOptics, LLC (United States), Sage Intacct, Inc. (United States), Cougar Mountain Software (United States) and Deskera (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Online Subscription Management Software market by Type, Application and Region.
On the basis of geography, the market of Online Subscription Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Desktop will boost the Online Subscription Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Online Subscription Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Cancellation Management will boost the Online Subscription Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 22nd January 2020, SaaSOptics, the only subscription management platform designed for emerging and growing B2B SaaS and subscription-based businesses, announced its integration with cloud-based accounting platform Xero. The integration allows B2B SaaS businesses to seamlessly use SaaSOptics alongside Xero to mature their financial operations, manage the entire order-to-cash and renewal process, and gain the metrics, analytics, and reporting needed to get funded, stay funded and grow.
- Rising SaaS Business Worldwide Leading to the Popularity of Online Subscription Management Software
- Increasing Use of Online Subscription Management Software for Online Payment and its Convenience
- Demand for Automation in Handling the Monthly Subscription Payment Online Accurately and Effectively with the Less Error
- Increasing Consumption of Subscription-based Software in an Organisation
- Surging Consumption of Online Platform for various Activities Like Shopping, Entertainment, and Other Activities will Boost the Online Subscription Management Software
- The requirement of the Skilled Professionals for Managing the Online Subscription Management Software
- Technical Issues with the Online Subscription Management Software
Key Target AudienceOnline Subscription Management Software Developers, Research and Development, Potential Investors, Regulatory Bodies and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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