Product Code: TC 4555
Rising adoption of subscription business models to drive the demand for subscription & billing management software
MarketsandMarkets forecasts the global subscription & billing management market size to grow from USD 4.0 billion in 2020 to USD 7.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period. Major factors expected to drive the growth of the subscription & billing management market include rising adoption of subscription business models, increasing demand for reducing subscriber churn and improving customer retention, growing need for adhering to compliances, and increasing need for upgrading legacy system. However, data synchronization complexities might hinder the growth of this market.
Based on organization size, the SMEs segment to grow at a higher rate during the forecast period
Companies without their own cloud services are partnering with other cloud service organizations to provide cloud-based subscription & billing management software to the SMEs. The availability of low-cost capabilities helps Small and Medium-sized Enterprises (SMEs) sustain and give stiff competition in the service market space. This enables SMEs to increase customer engagement by providing efficient services and benefits to increase their sales. The increasing focus on providing better customer experience and the growing need to automate manual accounting and financial processes is increasing subscription & billing management software adoption. The low cost and high adoption of cloud-based software is boosting the market growth.
Based on deployment type, the cloud segment to hold a larger chunk of the subscription & billing management market share during the forecast period
The cloud deployment type is expected to hold a higher market share, with an increase in the adoption of the cloud deployment model by the Software as a Service (SaaS) enterprises. Low set-up costs and high Return on Investment (RoI) are also driving the growth of the cloud segment. The cloud deployment model provides the instant accessibility of billing information from anywhere, thereby boosting the growth of the cloud segment. Cloud-based software increases agility and assists in rapidly launching new subscription services to meet customer demands. Therefore, the adoption of cloud is increasing at a rapid pace.
Among regions, Asia Pacific to grow at the highest CAGR during the forecast period
The APAC subscription & billing management market is expected to record the highest growth rate during the forecast period, the rapid development of IT in APAC, and growing technological advancements in this region. The developed countries in APAC, namely, Australia, Malaysia, Japan, and Singapore have expansively considered the usage of subscription & billing software to cater to the unparalleled needs of organizations in the region. The adoption of Machine-to-Machine (M2M) solutions in various industry verticals such as transportation, manufacturing, energy and utilities, and retail has further opened the doors for advanced subscription & billing management software.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the subscription & billing management market.
The breakup of the profiles of the primary participants is given below:
- By Company Type: Tier 1 - 20%, Tier 2 - 35%, and Tier 3 - 45%
- By Designation: C-Level - 40%, Directors - 20%, Managers-15%, and Others -25%
- By Region: North America - 35%, Europe - 30%, APAC - 20%, and RoW - 15%
The following key subscription & billing management vendors are profiled in the report:
- 2Checkout (US)
- Apttus (US)
- Aria Systems (US)
- BillingPlatform (US)
- Chargebee (US)
- Chargify (US)
- cleverbridge (Germany)
- Gotransverse (US)
- Recurly (US)
- SaaSOptics (US)
- Sage Intacct (UK)
- Salesforce (US)
- SAP (Germany)
- Vindicia (US)
- Zuora (US)
- Digital River (US)
- NetSuite (US)
- FastSpring (US)
- JustOn (Germany)
- Zoho (US)
- Fusebill Canada)
Research Coverage:
The subscription & billing management market is segmented by component (software and services), organization size, deployment type, vertical, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overview; services; key strategies; new service and product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the subscription & billing management market.
Reasons to Buy the Report:
The report would help the market leaders and new entrants in the following ways:
- It comprehensively segments the subscription & billing management market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
- It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities.
- It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and expansions.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 OBJECTIVES OF THE STUDY
- 1.2 MARKET DEFINITION
- 1.2.1 INCLUSIONS AND EXCLUSIONS
- 1.3 MARKET SCOPE
- 1.3.1 MARKET SEGMENTATION
- 1.3.2 REGIONS COVERED
- 1.4 YEARS CONSIDERED FOR THE STUDY
- 1.5 CURRENCY CONSIDERED
- 1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Breakup of primaries
- 2.2 MARKET BREAKUP AND DATA TRIANGULATION
- 2.3 KEY INDUSTRY INSIGHTS
- 2.4 MARKET SIZE ESTIMATION
- 2.5 MARKET FORECAST
- 2.6 ASSUMPTIONS FOR THE STUDY
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES IN GLOBAL SUBSCRIPTION & BILLING MANAGEMENT MARKET
- 4.2 SUBSCRIPTION & BILLING MANAGEMENT MARKET, BY COMPONENT, 2020 VS. 2025
- 4.3 SUBSCRIPTION & BILLING MANAGEMENT MARKET, BY SERVICE, 2020 VS. 2025
- 4.4 SUBSCRIPTION & BILLING MANAGEMENT MARKET, BY ORGANIZATION SIZE, 2020
- 4.5 SUBSCRIPTION & BILLING MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2020 VS. 2025
- 4.6 SUBSCRIPTION & BILLING MANAGEMENT MARKET, BY VERTICAL, 2018-2025
- 4.7 SUBSCRIPTION & BILLING MANAGEMENT MARKET: MARKET INVESTMENT SCENARIO (2020-2025)
5 MARKET OVERVIEW AND INDUSTRY TRENDS
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Rising adoption of subscription business models
- 5.2.1.2 Increasing demand for reducing subscriber churn and improving customer retention
- 5.2.1.3 Growing need for adhering to compliances
- 5.2.1.4 Increasing need for upgrading legacy systems
- 5.2.2 RESTRAINTS
- 5.2.2.1 Data synchronization complexities
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Scalability of SaaS business model
- 5.2.3.2 ML to optimize subscription billing
- 5.2.4 CHALLENGES
- 5.2.4.1 Cloud data security and privacy concerns
- 5.2.4.2 In-house subscription billing practice
- 5.2.4.3 Lack of consistent recurring payment infrastructure
- 5.3 INDUSTRY TRENDS
- 5.3.1 INDUSTRY USE CASES
- 5.3.1.1 Use Case 1: Fusebill enables ClearPathGPS to power high-volume billing with Fusebill platform
- 5.3.1.2 Use Case 2: 2Checkout improved Visicom Media's eCommerce Revenue and enabled seamless Transition to Subscription-based model
- 5.3.1.3 Use Case 3: Zuora helped The Seattle Times migrate to subscription management system
6 SUBSCRIPTION & BILLING MANAGEMENT MARKET, BY COMPONENT
- 6.1 INTRODUCTION
- 6.2 SOFTWARE
- 6.2.1 SOFTWARE: SUBSCRIPTION & BILLING MANAGEMENT MARKET DRIVERS
- 6.3 SERVICES
- 6.3.1 CONSULTING
- 6.3.1.1 Consulting: Subscription & billing management market drivers
- 6.3.2 IMPLEMENTATION
- 6.3.2.1 Implementation: Subscription & billing management market drivers
- 6.3.3 SUPPORT AND MAINTENANCE
- 6.3.3.1 Support and maintenance: Subscription & billing management market drivers
7 SUBSCRIPTION & BILLING MANAGEMENT MARKET, BY ORGANIZATION SIZE
- 7.1 INTRODUCTION
- 7.2 SMALL AND MEDIUM-SIZED ENTERPRISES
- 7.2.1 SMALL AND MEDIUM-SIZED ENTERPRISES: SUBSCRIPTION & BILLING MANAGEMENT MARKET DRIVERS
- 7.3 LARGE ENTERPRISES
- 7.3.1 LARGE ENTERPRISES: SUBSCRIPTION & BILLING MANAGEMENT MARKET DRIVERS
8 SUBSCRIPTION & BILLING MANAGEMENT MARKET, BY DEPLOYMENT TYPE
- 8.1 INTRODUCTION
- 8.2 CLOUD
- 8.2.1 CLOUD: SUBSCRIPTION & BILLING MANAGEMENT MARKET DRIVERS
- 8.3 ON-PREMISES
- 8.3.1 ON-PREMISES: SUBSCRIPTION & BILLING MANAGEMENT MARKET DRIVERS
9 SUBSCRIPTION & BILLING MANAGEMENT MARKET, BY VERTICAL
- 9.1 INTRODUCTION
- 9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
- 9.2.1 BANKING, FINANCIAL SERVICES, AND INSURANCE: SUBSCRIPTION & BILLING MANAGEMENT DRIVERS
- 9.3 RETAIL AND ECOMMERCE
- 9.3.1 RETAIL AND ECOMMERCE: SUBSCRIPTION & BILLING MANAGEMENT MARKET DRIVERS
- 9.4 TRANSPORTATION AND LOGISTICS
- 9.4.1 TRANSPORTATION AND LOGISTICS: SUBSCRIPTION & BILLING MANAGEMENT MARKET DRIVERS
- 9.5 INFORMATION TECHNOLOGY
- 9.5.1 INFORMATION TECHNOLOGY: SUBSCRIPTION & BILLING MANAGEMENT MARKET DRIVERS
- 9.6 TELECOM
- 9.6.1 TELECOM: SUBSCRIPTION & BILLING MANAGEMENT MARKET DRIVERS
- 9.7 MEDIA AND ENTERTAINMENT
- 9.7.1 MEDIA AND ENTERTAINMENT: SUBSCRIPTION & BILLING MANAGEMENT MARKET DRIVERS
- 9.8 PUBLIC SECTOR AND UTILITIES
- 9.8.1 PUBLIC SECTOR AND UTILITIES: SUBSCRIPTION & BILLING MANAGEMENT MARKET DRIVERS
- 9.9 OTHERS
10 SUBSCRIPTION & BILLING MANAGEMENT MARKET, BY REGION
- 10.1 INTRODUCTION
- 10.2 NORTH AMERICA
- 10.2.1 UNITED STATES
- 10.2.1.1 United States: Subscription & billing management market drivers
- 10.2.2 CANADA
- 10.2.2.1 Canada: Subscription & billing management market drivers
- 10.3 EUROPE
- 10.3.1 UNITED KINGDOM
- 10.3.1.1 United Kingdom: Subscription & billing management market drivers
- 10.3.2 GERMANY
- 10.3.2.1 Germany: Subscription & billing management market drivers
- 10.3.3 REST OF EUROPE
- 10.4 ASIA PACIFIC
- 10.4.1 CHINA
- 10.4.1.1 China: Subscription & billing management market drivers
- 10.4.2 AUSTRALIA
- 10.4.2.1 Australia: Subscription & billing management market drivers
- 10.4.3 REST OF ASIA PACIFIC
- 10.5 LATIN AMERICA
- 10.5.1 BRAZIL
- 10.5.1.1 Brazil: Subscription & billing management market drivers
- 10.5.2 MEXICO
- 10.5.2.1 Mexico: Subscription & billing management market drivers
- 10.5.3 REST OF LATIN AMERICA
- 10.6 MIDDLE EAST AND AFRICA
- 10.6.1 UNITED ARAB EMIRATES
- 10.6.1.1 United Arab Emirates: Subscription & billing management market drivers
- 10.6.2 KINGDOM OF SAUDI ARABIA
- 10.6.2.1 Kingdom of Saudi Arabia: Subscription & billing management market drivers
- 10.6.3 REST OF MIDDLE EAST AND AFRICA
11 COMPETITIVE LANDSCAPE
- 11.1 INTRODUCTION
- 11.2 COMPETITIVE SITUATION AND TRENDS
- 11.2.1 NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
- 11.2.2 AGREEMENTS AND PARTNERSHIPS
- 11.2.3 BUSINESS EXPANSIONS
- 11.3 MARKET RANKING OF KEY PLAYERS
12 COMPANY PROFILES
(Business overview, Platforms, Products, and Services offered, Recent developments & SWOT analysis)*
- 12.2 ZUORA
- 12.3 ARIA SYSTEMS
- 12.4 GOTRANSVERSE
- 12.5 SAGE INTACCT
- 12.6 BILLINGPLATFORM
- 12.7 2CHECKOUT
- 12.8 CLEVERBRIDGE
- 12.9 RECURLY
- 12.10 DIGITAL RIVER
- 12.11 ORACLE NETSUITE
- 12.12 FASTSPRING
- 12.13 JUSTON
- 12.14 APTTUS
- 12.15 VINDICIA
- 12.16 SAASOPTICS
- 12.17 FUSEBILL
- 12.18 ZOHO
- 12.19 CHARGEBEE
- 12.20 CHARGIFY
- 12.21 SAP
- 12.22 SALESFORCE
- 12.23 RIGHT-TO-WIN
Details on Business overview, Platforms, Products, and Services offered, Recent developments & SWOT analysis might not be captured in case of unlisted companies.
13 APPENDIX
- 13.1 DISCUSSION GUIDE
- 13.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3 AVAILABLE CUSTOMIZATION
- 13.4 RELATED REPORTS
- 13.5 AUTHOR DETAILS
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