Subscription billing management market is anticipated to grow at a CAGR of 15.8% during the forecast period. Subscription billing management allows users to set up the collection of recurring payments from customers. Subscription businesses constantly change their pricing models with new product rollouts, promotions, and trials. The subscription billing software allows users to make these changes along with maintaining the active billing and accounting systems that manage recurring revenue. Businesses that use the subscription pricing model are making gains and are accessing new customers along with new revenue streams. The rising adoption of subscription business models is expected to drive the subscription billing management Market during the forecast period. According to an IBM report study 2020, the subscription market has shown inclining growth, by one account there has been more than 300% growth in subscribers over the past decade. Additionally, IBM has also seen that many consumers intend to begin or add to their subscription collections.
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The global subscription billing management market is segmented based on the component, deployment, and end-users. Based on the component, the market is bifurcated into software and services. The software segment is further sub-segmented into credit and collection management, receivables management, quote and pricing management, subscription order management, dispute management, and others. Based on the deployment, the market is sub-segmented into the cloud and on-premises. Based on the end-users, the market is augmented into BFSI, retail and e-commerce, IT and telecom, media and entertainment, healthcare, and others. The above-mentioned segments can be customized as per the requirements. The IT and telecom industry is expected to hold lucrative growth in the market due to the high transitions of traditional software and technology players to a subscription-based model.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Subscription Billing Management Market Report Segment
By Component
- Software
o Credit And Collection Management
o Receivables Management
o Quote And Pricing Management
o Subscription Order Management
o Dispute Management
o Others
- Services
By Deployment Type
- Cloud
- On-Premise
By End-Users
- BFSI
- Retail & E-Commerce
- IT & Telecom
- Media & Entertainment
- Healthcare
- Others
Global Subscription Billing Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global subscription billing management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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