Subscription and Billing Management Market Scope
Subscription management refers to customer lifecycle operations such as assigning credits, managing trials, issuing refunds and making mid-cycle subscription changes. While recurring billing is automated, subscription management includes billing actions, which cannot always be scheduled. Increasing demand for reducing subscriber churn and improving customer retention and growing need for adhering to compliances are some of the key drivers fuelling the growth of the market.
According to AMA, the Global Subscription and Billing Management market is expected to see growth rate of 15.09% and may see market size of USD7956.35 Million by 2026.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Subscription and Billing Management market throughout the predicted period.
Zuora (United States), BillingPlatform (United States), SAP (Germany), Salesforce.com, Inc. (United States), Gotransverse (United States), 2Checkout (United States), Cleverbridge AG (Germany), Aria Systems (United States), Sage Intacct (United States), Recurly (United States), Digital River (United States), Oracle NetSuite (United States), FastSpring (United States) and Juston (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Apttus (United States), Vindicia (United States), SaaSOptics (United States), Fusebill (Canada), Zoho (United States), Chargebee (United States) and Chargify (United States).
The 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.
The study have segmented the market of Global Subscription and Billing Management market and Region with country level break-up.
On the basis of geography, the market of Subscription and Billing Management 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).
Market Leaders and their expansionary development strategies
On 4 June 2019, Zuora, Inc., the leading cloud-based subscription management platform provider, today at Subscribed San Francisco, announced its Summer ‘19 product release featuring enhancements to Zuora’s suite of applications and the introduction of the new Zuora Central Developer Platform.
On 3 April 2017, Avangate, the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, announced its acquisition of 2Checkout, a global payment processor. The combined company will offer the industry's most comprehensive product and service suite in the subscription billing and eCommerce space, linking payment model flexibility with advanced eCommerce, recurring revenue management, and marketing capabilities on a global level.
- Rising Adoption of Subscription Business Models
- Increasing Demand for Reducing Subscriber Churn and Improving Customer Retention
- Growing Need for Adhering to Compliances
- Increasing Need for Upgrading Legacy Systems
- Scalability of SaaS Business Model
- ML to Optimize Subscription Billing
- Data Synchronization Complexities
- Cloud Data Security and Privacy Concerns
- In-House Subscription Billing Practice
- Lack of Consistent Recurring Payment Infrastructure Trends
Key Target AudienceSubscription & Billing Management Software Providers, Subscription & Billing Management Service Providers, Technology Investors, Regulatory & Government Bodies, End Users and Others