Subscription and Billing Management Software Market
Subscription management software, also called subscription billing or recurring billing software, automates the billing cycle for subscription revenue models. These tools have become increasingly important with the rise of SaaS businesses. For start-ups especially, lighter weight subscription billing applications (which are inexpensive and fast to implement) can allow businesses to start processing online payments quickly. Fewer legal, finance, and accounting resources are required to manage different subscription cycles across different customers/accounts.Subscription management software builds out of a combination of automated payment gateway functionality, Dunning tools, and customer subscription information management. Together, these capabilities mitigate billing friction and declined card disruption by automating payment processes and ensuring that stored payment information is still valid and up to date. Subscription management software also enables better visibility into recurring revenue streams, forecasting, and other analyses vai native analytics and dashboards.This report focuses on global and United States Subscription and Billing Management Software market, also covers the segmentation data of other regions in regional level and county level.Due to the COVID-19 pandemic, the global Subscription and Billing Management Software market size is estimated to be worth USD 4745.2 million in 2022 and is forecast to a readjusted size of USD 11920 million by 2028 with a CAGR of 16.6% during the review period. Global Subscription and Billing Management Software key players include Oracle Corporation, Zuora, SAP, Cleverbridge, Sage Group etc. Global top five manufacturers hold a share about 40%.North America is the largest market, with a share about 40%, followed by Europe and Asia-Pacific, both have a share over 50%. In terms of product component, Solution is the largest segment, with a share over 60%. And in terms of application, the largest application is IT and Telecom, followed by BFSI, Retail and E-commerce, etc.Subscription and Billing Management Software market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Subscription and Billing Management Software market will be able to gain the upper hand as they use the report as a powerful resource.
Major players covered in Subscription and Billing Management Software Market are:
- Oracle Corporation
- Sage Group
- SAP
- Zuora
- Digital River
- 2Checkout (now Verifone)
- Aria Systems
- Chargify
- Conga (Apttus)
- Vindicia (Amdocs)
- BillingPlatform
- Chargebee
- Cleverbridge
- Gotransverse
- FastSpring
- JustOn
- Zoho
- Fusebill
- Recurly
Market Segment by Type:
- Cloud Based
- On-premises
Market Segment by Application:
- Retail and E-commerce
- BFSI
- IT and Telecom
- Healthcare
- Media and Entertainment
- Public Sector and Utilities
- Transportation and Logistics
- Others
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