Global Subscription and Billing Management Software Market Growth (Status and Outlook) 2023-2029

Global Subscription and Billing Management Software Market Growth (Status and Outlook) 2023-2029

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.
LPI (LP Information)' newest research report, the “Subscription and Billing Management Software Industry Forecast” looks at past sales and reviews total world Subscription and Billing Management Software sales in 2022, providing a comprehensive analysis by region and market sector of projected Subscription and Billing Management Software sales for 2023 through 2029. With Subscription and Billing Management Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Subscription and Billing Management Software industry.
This Insight Report provides a comprehensive analysis of the global Subscription and Billing Management Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Subscription and Billing Management Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Subscription and Billing Management Software market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Subscription and Billing Management Software and breaks down the forecast by deployment mode, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Subscription and Billing Management Software.
The global Subscription and Billing Management Software market size is projected to grow from US$ 3933.5 million in 2022 to US$ 11960 million in 2029; it is expected to grow at a CAGR of 17.2% from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Subscription and Billing Management Software market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by deployment mode
Cloud Based
On-premises
Segmentation by application
Retail and E-commerce
BFSI
IT and Telecom
Healthcare
Media and Entertainment
Public Sector and Utilities
Transportation and Logistics
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Please note: The report will take approximately 2 business days to prepare and deliver.