The "Subscription Billing Management Market Size, Share & Trends Analysis Report by Software, by Services, by Deployment, by Enterprise Size, by End-use, by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global subscription billing management market size is expected to reach USD 17.95 billion by 2030, registering a CAGR of 16.1% during the forecast period.
Companies Mentioned
- Aria Systems, Inc.
- Oracle
- Blusynergy
- Sap Se
- Conga
- Recurly, Inc.
- Gotransverse
- Cleverbridge
- Zuora Inc.
- Logisense Corporation
The growing adoption of the billing management and subscription models in utilities, media & entertainment, and the public sector will create more growth opportunities for the subscription billing management industry during the forecast period.
Service providers in these industries are focused on providing high-quality and better solutions to clients. Additionally, the desire to reduce operating expenses and the demand for cloud-based software would further broaden the scope of the market for subscription billing management.
Several subscription billing management service providers also provide periodic bill payments, which can be obtained by attaching the user's debit and credit cards or bank account. This ensures that greater importance is needed on adding a high level of security to each payment process to gain more trust from the customer and avoid financial ramifications in the event of hacking or fraud.
The subscription model is also gaining importance across the travel industry. Travel companies are shifting to this model to offer cheaper travel to frequent travelers and save their time at ticket counters. Major commercial airlines are making efforts to introduce subscription services to boost customer loyalty and retention.
The outbreak of the COVID-19 pandemic had a moderately positive impact on the demand for subscription billing management software. Companies worldwide are expected to adapt to new customer norms and new business models. They need to respond to long-term social changes, including how customers select products and channel preferences. Changes in customer behavior are expected to accelerate the need to integrate enhanced digital payment solutions into subscription billing management platforms.
Subscription Billing Management Market Report Highlights
- Subscription order management held the largest share in the software segment, as it helps companies in winning new customers by providing subscriptions containing the appropriate mix of products, recurring and one-time services, and third-party content
- Professional services held the largest share in the services segment as they help businesses in installing the software, aligning the software with the existing systems, and operating the software efficiently
- The cloud segment is expected to continue its dominance over the forecast period, as cloud deployment can potentially make the subscription management process more efficient
- Various factors, such as the increasing adoption of cloud-based solutions across the U.S., have resulted in the increased automation of subscription methods in the North American regional market
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Subscription Billing Management Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Subscription Billing Management Market - Value Chain Analysis
3.4 Subscription Billing Management Market - Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Rising adoption of subscription business models
3.4.1.2 Increasing demand for reducing subscriber churn and improving customer retention
3.4.2 Market challenge analysis
3.4.2.1 Data security and privacy concerns
3.4.3 Market opportunity analysis
3.4.3.1 Use of machine learning to optimize subscription billing
3.5 Penetration and Growth Prospect Mapping
3.6 Subscription Billing Management Market - Porter's Five Forces Analysis
3.7 Subscription Billing Management Market - PESTEL Analysis
Chapter 4 Subscription Billing Management Software Outlook
Chapter 5 Subscription Billing Management Services Outlook
Chapter 6 Subscription Billing Management Deployment Outlook
Chapter 7 Subscription Billing Management Enterprise Size Outlook
Chapter 8 Subscription Billing Management End-Use Outlook
Chapter 9 Subscription Billing Management Regional Outlook
Chapter 10 Competitive Analysis
10.1 Recent Developments & Impact Analysis, By Key Market Participants
10.2 Company Categorization
10.3 Vendor Landscape
10.3.1 Company Market Share Analysis, 2021
10.3.2 Vendor landscape
10.4 Company Analysis Tools
10.4.1 Company Market Position Analysis
10.4.2 Competitive Dashboard Analysis
Chapter 11 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/6efz0h
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