“Subscription and Billing Management Market by Solution (Subscription Order Management, Billing Mediation, Pricing and Quote Management), Service (Professional and Managed), Deployment (Cloud and On-Premise), User Type, Vertical – Global Forecast to 2021
[160 Pages Report] MarketsandMarkets estimates the subscription and billing management market to grow from USD 2.90 Billion in 2016 to USD 6.01 Billion by 2021, at a CAGR of 15.7%.
The base year considered for the study is 2015 and the market size has been projected from 2016 to 2021.
The report includes the market size of subscription and billing management solutions and services along with the growth rate of solutions such as subscription order management, billing mediation, pricing & quote management, financial customer care & dispute management, and others. This report provides a brief introduction of the subscription and billing management solutions and the current trends across five main regions. The objectives of this market study include analysis of each sub-segment with respect to individual growth trends and contribution toward the overall market; and forecast the market size of each and every segment with respect to the five major regions, namely, North America, Asia-Pacific (APAC), Middle East and Africa (MEA), Europe, and Latin America. Furthermore, the report also analyzes the opportunities in the market for stakeholders and draws competitive landscape for market leaders.
Major players and their offerings and distribution channels in the subscription and billing management ecosystem were also identified across the regions. The average revenue generated by these players segmented by region was used to arrive at the overall subscription and billing management market size. This overall market size was used in the top-down procedure to estimate the sizes of other individual markets via percentage splits from secondary and primary research.
All percentage splits and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market covered in this research study have been verified through primary research and analyzed from the market knowledge.
To know about the assumptions considered for the study, download the pdf brochure
The ecosystem of the subscription and billing management market consists of solution providers such as NetSuite Inc., FastSpring, Aria Systems, Zuora Inc., and Chargebee Inc.; cloud service providers such as MetraTech, Oracle Corporation, Blusynergy, and Netfunda Technologies; and Platform providers such as Recurly, Inc., Aria Systems, Inc., and OneBill. The subscription and billing management solution providers deliver their solutions to customers as per their needs, which are later assisted by service providers for implementing solutions properly.
Target Audience:
• Software Providers
• Cloud Service providers
• Platform Providers
• Channel Partners
• Enterprises
• Professional Service Providers
In solutions, financial customer care and dispute management segment is expected to have a significant market growth rate and would dominate the subscription and billing management market from 2016 to 2021. Due to the rise in demand for consolidated disparate systems, many organizations have started adopting these solutions for managing their order, billing, and payment processes. Moreover, in services segment, managed services are expected to grow at a higher rate because of rise in demand for cloud-based solutions.
The cloud-based subscription and billing management solutions are rapidly gaining traction in the deployment type segment. The cloud deployment type offers better access to order, billing, and payment data with faster implementation and reduced total cost of ownership. The market for cloud is expected to grow in the coming years since it provides secured access to flexible platform that empowers enterprises to create dynamic business models. It also enables users to access mobile and desktop devices virtually from any device.
The major vendors in the subscription and billing management market include SAP SE (Germany), Oracle Corporation (U.S.), NetSuite (U.S.), Computer Sciences Corporation (CSC) (U.S.), and ZUORA (U.S.). These players have adopted various strategies, such as new product launches and partnerships/agreements, to cater to the needs of the subscription and billing management users. For instance, NetSuite had recently launched a new solution, SuiteBilling solution. This new addition to the subscription and billing management portfolio would enable organizations to adopt any business model, including product-based, time-and services-based, and subscription-based. The SuiteBilling solution unifies both billing and revenue recognition processes irrespective of the business model with complete controls and auditability.
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