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Allied Market Research

Subscription and Billing Management Market by Component (Software and Services), Deployment Mode (On-Premise and Cloud), Organization Size (SMEs and Large Enterprises), and End User (BFSI, Retail, IT, Healthcare, Media and Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Jun 2021 | 402 Views
 
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Subscription and Billing Management Market Insights:

Subscription and billing management also refers to subscription management software that allows automation of payment collection of subscriptions. It offers the ability to manage operational side of subscriptions. Customer lifecycle operations such as assigning credits, issuing refunds, managing trials, and making mid-cycle subscription changes are performed by this software. Software-as-a-Service (SaaS) companies, eCommerce sites, education portals, media outlets, and various businesses intend to turn customers into recurring subscribers. Adoption of subscription and billing software is leading to increased revenue streams, along with more confidence and stability in their projections. Effective subscription management software enable businesses to eradicate problems accompanied with subscription-based business models. 

Subscription and Billing Management Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

Component, Deployment Mode, Organization Size, End User, and Region

  Regions covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Oracle Corporation, Netsuite, Inc., Cerillion PLC, SAP SE, Aria Systems, Inc., Computer Sciences Corporation, Avangate B.V., Salesforce.com Inc., BillingPlatform LLC., and Zoho Corporation.

 

Impact of COVID-19 on Subscription and Billing Management Market: 

  • The worldwide COVID-19 pandemic had a damaging and quick impact on the global economy. However, among these supply chain restrictions, operational disruptions, and a global recession situation, subscription businesses are sustaining to be resilient. 
  • Various subscription-based companies have not observed an impact on their subscriber growth; which is leading subscription and billing management market to keep pace with the economic slowdown. 
  • As the population enforced to stay home, subscription services such as OTT video streaming, E-learning, digital news and media, and communications software are accelerating. Also, the subscription services for B2B and B2C software and Information services is observing limited impact. 
  • However, some of sectors are observing negative impact on its growth, which include consumer Internet of Things (IoT), Travel & hospitality, business IoT services, Sports-related services, and Software for small businesses. 
  • Due to the fluctuating adoption of subscription services in various industries, it is anticipated that the COVID-19 pandemic may not harm growth of the market; however, it is both healthy as well as hampering the market to some extent in respective industries. 

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Factors such as increase in need of improved customer retention and reducing subscriber churn, growth in adoption of subscription-based models, and regularities by governments majorly drive growth of the subscription and billing management market. The customer churn is the major problem for organizations, as creating new customers is far expensive as compared to retaining existing ones. To eliminate this challenge, numerous organizations are implementing subscription & billing management solutions. However, higher upgradation and deployment costs of subscription & billing management software hamper growth of the market. On the other hand, surge in Bring Your Own Device (BYOD) as well as cloud-based services adoption leading to be opportunistic for the market growth. 

The global subscription and billing management market trends are as follows:

Rise in adoption of subscription-based business model 

There has been a growing trend in recurring revenue from subscriptions for both B2C and B2B companies. Subscription as a service (SAAS) reached is widely being adopted across businesses as customers prefer to rent the software rather than buying it. As per the survey, it is estimated that around 15% of shoppers online are enrolled in any of the subscription plans and receives products to on a recurring basis.

For instance, prominent technology companies such as Uber, Spotify, Apple Inc., and Google LLC have transformed their business models to adapt to evolving customer demand and are moving from a static & linear product offering to a subscription-based model to encourage predictable, recurring, and stable revenue.

Need of paperless billing & invoicing 

Organizations are considering the adoption of efficient billing strategies to create agile business processes and reduce capital expenditure. The paperless billing processes helping businesses save cost of paper, printing, and delivery. It is helping customers to better organize their payment schedules, finances, and avoid unnecessary late fees through streamlined financial management.     

Key segments covered:

Segments

Subsegments

  Component

  • Software
  • Services

  Deployment Mode

  • On-Premise
  • Cloud

  Organization Size

  • SMEs
  • Large Enterprises

  End User

  • BFSI
  • Retail
  • IT
  • Healthcare
  • Media and Entertainment
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global subscription and billing management industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global subscription and billing management market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global subscription and billing management market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global subscription and billing management market analysis based on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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