Subscription And Billing Management Market Growth, Size, Share, Insights, Trends And Industry Forecast 2023-2032 | Zuora, Aria Systems, Gotransverse, BillingPlatform, Cleverbridge

As per The Business Research Company's Subscription And Billing Management Opportunities And Strategies Market Report 2023, the global subscription & billing management market size will grow from $5.79 billion in 2022 to $6.58 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the subscription & billing management is expected to grow to $11.15 billion in 2027 at a CAGR of 14.1%.

The growing penetration of electronic media and devices is expected to drive the growth of the subscription & billing management market. Using electronic media and devices such as mobile devices and laptops by customers provides greater access to the use of products or services over the internet, which requires better management of subscription and billing of customers. Furthermore, Internet traffic has rocketed the numerous digital activities due to lockdowns and restrictions provoked by the COVID-19 pandemic. According to Gartner, a US-based consulting firm, in 2021, 125 million additional laptops and tablets are anticipated to be in use. Therefore, the increasing penetration of electronic media and devices will drive subscription and billing management.

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Advanced technologies and cloud platform implementations are a key trend is gaining popularity in the subscription & billing management market. Major companies operating in the subscription and billing management market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation subscription and billing technologies into their software and services, such as computing, big data, and analytics, machine learning, cybersecurity, backup, application development, DevOps, marketing automation, analytics management system, and others to help with hardware optimization, enhanced security while reducing the IT and other on-going expenses for the companies. For instance, in February 2022, TCS and MATRIXX Software partnered up to provide a comprehensive next-generation subscription management platform for CSPs with the cloud-native. This complete solution will assist Communication Service Providers (CSPs) in transforming their prepaid and postpaid businesses, improving customer experience, and driving growth.

Subscription And Billing Management Market Segmentation:
The subscription and billing management market is segmented by payment , by component, by deployment type and by type of organization size .
By Payment -
a) Fixed
b) Variable

By Component -
a) Software
b) Services

By Deployment Type -
a) Cloud
b) On-Premises

Organization Size -
a) Small and Medium Enterprises (SMEs)
b) Large Enterprises

Major players in the subscription and billing management market include Zuora, Aria Systems, Gotransverse, BillingPlatform, Cleverbridge.

The regions covered in the global subscription and billing management market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Subscription And Billing Management Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Subscription And Billing Management Market Report Table Of Content
1. Executive Summary
2. Subscription & Billing Management Market Characteristics
3. Subscription & Billing Management Market Trends And Strategies
4. Subscription & Billing Management Market - Macro Economic Scenario
5. Subscription & Billing Management Market Size And Growth
……
26. Africa Subscription & Billing Management Market
27. Subscription & Billing Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Subscription & Billing Management Market
29. Subscription & Billing Management Market Future Outlook and Potential Analysis
30. Appendix

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