Subscription Billing Management Market
Subscription Billing Management Market Size, Share & Trends Analysis Report by Component (Software and Services), by Deployment (Cloud and On-Premises), and by End-Users (BFSI, Retail and E-Commerce, IT and Telecom, Media and Entertainment, Healthcare, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
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.
Segmental Outlook
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.
Among the deployment segment, the cloud-based sub-segment is expected to hold a remarkable share in the global subscription billing management market during the forecast period. The growing adoption of cloud computing across the globe due to factors such as ease of adoption, minimal requirement infrastructure, and easy installation are expected to accelerate the growth of the market. Thus, the benefits associated with cloud-based subscription billing management are driving market growth. The market players are offering cloud-based subscription billing management which is further propelling the market growth. For instance, in August 2022, Aarav Solutions enabled Equifax Canada to launch new automated and cloud-based billing and invoicing system.
Regional Outlooks
The global subscription billing management market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific region is expected to provide a substantial growth rate in the subscription billing management market during the forecast period due to the rising technological advancements coupled with the increasing adoption of smartphones. Thus, these factors will contribute to market growth.
Global Subscription Billing Management Market Growth, by Region 2022-2028
North America is Expected to Hold a Prominent Share in the Global Subscription Billing Management Market
Among all the regions, North America is expected to hold a prominent market share during the forecast period. The government initiatives to accelerate technological advancements in the region, which further propels the subscription billing management market. The US Equal Employment Opportunity Commission (EEOC) was among the first of several Federal agencies to implement a “Bring Your Own Device” that allowed employees to “opt-out” of the government-provided mobile device program and install third-party software on their smartphones that enabled the use of their device for official work purposes. Thus, the rise in “Bring Your Own Device” is expected to surge the demand for the subscription billing management market.
Market Players Outlook
The major companies serving the global subscription billing management market include 2Checkout, Inc., BillingPlatform, Chargebee Inc., Oracle Corp., Recurly, Inc., Salesforce.com Inc., Sap SE, Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2022, Chargebee partnered with Razorpay to offer its billing management services in the Indian market. Recent RBI guidelines regarding streamlining recurring payments in India and the transformations with the launch of UPI Autopay have furthered Chargebee’s decision to enter the market. The partnership is optimized for collecting recurring revenues across cards, UPI mandates, and net banking mandates, which is aimed at supporting merchants provide these preferred payment options to their customers. Further, the company also launched e-invoicing capabilities and the functionality to support TDS in March 2022.
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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Segmentation
4.1. Global Subscription Billing Management Market by Component
4.1.1. Software
4.1.1.1. Credit and Collection Management
4.1.1.2. Receivables Management
4.1.1.3. Quote and Pricing Management
4.1.1.4. Subscription Order Management
4.1.1.5. Dispute Management
4.1.1.6. Others
4.1.2. Services
4.2. Global Subscription Billing Management Market by Deployment
4.2.1. Cloud
4.2.2. On-Premises
4.3. Global Subscription Billing Management Market by End-Users
4.3.1. BFSI
4.3.2. Retail & E-Commerce
4.3.3. IT & Telecom
4.3.4. Media & Entertainment
4.3.5. Healthcare
4.3.6. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. 2Checkout, Inc.
6.2. Aria systems, Inc.
6.3. Apttus Corp.
6.4. BillingPlatform
6.5. Cerillion Technologies Ltd.
6.6. Chargebee Inc.
6.7. Chargify LLC
6.8. Cleverbridge AG
6.9. Computer Science Corp.
6.10. Digital River, Inc.
6.11. Fusebill
6.12. Gotransverse LLC
6.13. Juston GmbH
6.14. LogiSense Corp.
6.15. Netsuite, Inc.
6.16. Oracle Corp.
6.17. Recurly, Inc.
6.18. Sage Intacct, Inc.
6.19. Salesforce.com Inc.
6.20. Sap SE
6.21. Vindicia Inc.
6.22. Zoho Corp.
1. GLOBAL SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL SUBSCRIPTION BILLING MANAGEMENT SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SUBSCRIPTION BILLING MANAGEMENT SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
5. GLOBAL CLOUD-BASED SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL ON-PREMISES SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
8. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR RETAIL & E-COMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR IT & TELECOM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR MEDIA & ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR OTHERS END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. NORTH AMERICAN SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
17. NORTH AMERICAN SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
18. NORTH AMERICAN SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
19. EUROPEAN SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
21. EUROPEAN SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
22. EUROPEAN SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
27. REST OF THE WORLD SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
29. REST OF THE WORLD SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
30. REST OF THE WORLD SUBSCRIPTION BILLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
1. GLOBAL SUBSCRIPTION BILLING MANAGEMENT MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
2. GLOBAL SUBSCRIPTION BILLING MANAGEMENT SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL CREDIT & COLLECTION MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL RECEIVABLES MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL BY QUOTE & PRICING MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL SUBSCRIPTION ORDER MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL DISPUTE MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL SUBSCRIPTION BILLING MANAGEMENT BY OTHER SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL SUBSCRIPTION BILLING MANAGEMENT SERVICES MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL SUBSCRIPTION BILLING MANAGEMENT MARKET SHARE BY DEPLOYMENT, 2021 VS 2028 (%)
11. GLOBAL CLOUD-BASED SUBSCRIPTION BILLING MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL ON-PREMISES SUBSCRIPTION BILLING MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL SUBSCRIPTION BILLING MANAGEMENT MARKET SHARE BY END-USERS, 2021 VS 2028 (%)
14. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR BFSI MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR RETAIL & E-COMMERCE MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR IT & TELECOM MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR MEDIA & ENTERTAINMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR HEALTHCARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. GLOBAL SUBSCRIPTION BILLING MANAGEMENT FOR OTHER MARKET SHARE BY REGION, 2021 VS 2028 (%)
20. GLOBAL SUBSCRIPTION BILLING MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
21. US SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
22. CANADA SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
23. UK SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
24. FRANCE SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
25. GERMANY SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
26. ITALY SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
27. SPAIN SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF EUROPE SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
29. INDIA SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
30. CHINA SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
31. JAPAN SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
32. SOUTH KOREA SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF ASIA-PACIFIC SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
34. REST OF THE WORLD SUBSCRIPTION BILLING MANAGEMENT MARKET SIZE, 2021-2028 ($ MILLION)
