Global Subscription and Billing Management Market to Reach $12.8 Billion by 2030
The global market for Subscription and Billing Management estimated at US$5.7 Billion in the year 2023, is expected to reach US$12.8 Billion by 2030, growing at a CAGR of 12.3% over the analysis period 2023-2030. Subscription Order Management, one of the segments analyzed in the report, is expected to record a 12.6% CAGR and reach US$4.9 Billion by the end of the analysis period. Growth in the Billing Mediation segment is estimated at 13% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 16.4% CAGR
The Subscription and Billing Management market in the U.S. is estimated at US$1.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3 Billion by the year 2030 trailing a CAGR of 16.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.2% and 9.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2 Billion by the year 2030.
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