Subscription & Billing Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
- Transparency Market Research
Global Subscription & Billing Management Market: Overview
Subscription billing can be a complicated business model that involves physical and/or digital means for a customer subscribed to a service to pay for it and maintain access to it. A great number of businesses and websites are currently accessing these services to obtain a better management of their clientele and subscribers. Several services providers from the global subscription and billing management market are also providing automatic payment options or a periodic payment of bills, which can be done by linking a user’s credit or debit cards or bank account. This brings into perspective the heavy layer of security that needs to be added to each billing and payment process in order to generate a greater credibility from a customer and to avoid legal and financial issues in the event of frauds or hacking. A lot of players from the global subscription and billing management market also provide loyalty perks and added services to gather a greater favor from clients into using their solutions. Value addition thus becomes a key trend in the market for the time being.
The global subscription and billing management market can be segmented on the basis of deployment, user types, services, end users, and solutions. By type of deployment, the market can be sub-segmented into cloud and on-premise. By solutions, the global subscription and billing management market can be categorized into subscription order management, quote and pricing management, receivables management, dispute management, and credit and collection management. The key end users in the market include financial services and insurance (BFSI), banking, retail, healthcare, manufacturing, media and entertainment, transportation and logistics, public sector and utilities, and IT and telecom. Services offered in global subscription and billing management market include managed and professional services. By user types, the market is divided into small and medium enterprises (SMEs) and large enterprises.
The report provides an accurate analysis of the global subscription and billing management market on the basis of its current drivers and restraints, the factors that may influence it over the coming years, and the nature of its competitive landscape. The report does this through the use of key research methodologies and tried and true analytical processes such as Porter’s Five Forces analysis and SWOT analysis.
Global Subscription & Billing Management Market: Key Trends and Opportunities
One of the leading drivers augmenting the global subscription and billing management market currently, is the increasing penetration of electronic media and devices coupled with the high demand for advanced subscription management tools and billing software. The industries of utilities, media and entertainment, and the public sector, are commonly the areas where the demand for subscription and billing management tools is exceptionally high. Service providers and companies from these industries are expected to deliver quality services and on-time management, which is what the global subscription and billing management market is currently proceeding towards fulfilling. The modern payment processes and subscription management tools need to be robust and highly efficient when it comes to delivering these requirements.
The players in the global subscription and billing management market are also expected to provide value additions such as multiple payment options, lower initial setup costs, accuracy driven billing, and automated invoicing. These factors help create differentiators between the several key players as well as the new entrants to the global subscription and billing management market. However, the market is currently being restricted by the growing security issues and concerns regarding the use of online platforms that could make billing systems more prone to external cyber-attacks. At the same time, clients are deterred from implementing advanced processes due to the high costs associated with upgrading and maintaining the used billing solutions.
Global Subscription and Billing Management Market: Region-wise Outlook
The geographical segmentation of the global subscription and billing management market includes the key regions of North America, Europe, Asia Pacific, South America, and the Middle East and Africa. High customer volume, the early presence of advanced technologies and cloud platform implementations, and a greater volume of expenditure on the concerned industries has led to North America being the leading region in the global subscription and billing management market for the past few years. Similar scope has been witnessed in Europe. On the other hand, Asia Pacific and the MEA are providing players with a massive scope of opportunities over the coming years, thanks to growing consumer subscription counts, the skyrocketing demand for advanced billing methods, and the growing disposable income of consumers.
Some of the leading players in the global subscription and billing management market include Zuora Inc., Oracle Corporation, SAP SE, NetSuite, Inc., Cleverbridge AG, Computer Sciences Corporation, Cerillion Technologies Limited, Avangate, Inc., Apttus Corporation, Aria Systems, Inc., Transverse LLC, Blusynergy, LogiSense Corporation, and Recurly, Inc. among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from ICT
TechnologyHigh-Performance Computing-Thematic Research