Press release
Emerging Trends to Drive Automated Recurring Billing Market Growth at 14.1% CAGR Through 2029
Automated Recurring Billing
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Automated Recurring Billing Market Size Growth Forecast: What to Expect by 2025?_x000D_
The market size of automated recurring billing has experienced a significant surge in the recent past. The market size is expected to expand from $5.86 billion in 2024 to $6.71 billion in 2025, marking a compound annual growth rate (CAGR) of 14.5%. The notable growth in the historical period can be credited to an increased requirement for effective billing systems, enhancement in customer retention via automation, escalated usage of cloud-based billing platforms, a growing necessity for precise revenue recognition, along with an amplified focus on curtailing billing inaccuracies and manual work._x000D_
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How Will the Automated Recurring Billing Market Size Evolve and Grow by 2029?_x000D_
In the forthcoming years, the market size for automated recurring billing is predicted to exhibit swift expansion, with a projection of reaching $11.37 billion in 2029 at a compound annual growth rate (CAGR) of 14.1%. This growth in the predicted span is mainly due to the ongoing transition to digital modalities in billing procedures, an increased demand for a flawless customer experience, expansion of e-commerce and online services, a surge in demand for bespoke and usage-based billing models, and the escalating requirement for scalable billing alternatives. Significant trends on the horizon encompass progress in AI-powered billing automation, creative developments in usage-based and hybrid billing structures, upgrades in mobile-centric billing solutions, evolution in cloud-based billing infrastructure, and inventive moves in real-time invoicing and data analysis._x000D_
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https://www.thebusinessresearchcompany.com/report/automated-recurring-billing-global-market-report_x000D_
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What Drivers Are Propelling the Growth of Automated Recurring Billing Market Forward?_x000D_
The surge in online commerce is anticipated to drive the expansion of the automated recurring billing market. E-commerce, the act of buying and selling goods or services online via websites or applications, is on the rise due to the increasing use of smartphones and internet accessibility. This makes online shopping more user-friendly and available to shoppers whenever, wherever. Automated recurring billing within the realm of e-commerce allows vendors to charge customers routinely for subscribed goods or services, ensuring uninterrupted payments and consistency. For example, the US Census Bureau, a government agency, reported that e-commerce sales in the US grew by 7.6% between the third quarter of 2022 and the third quarter of 2023 in May 2024. Hence, the e-commerce boom is fueling the growth of the automated recurring billing market._x000D_
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Which Emerging Trends Are Transforming the Automated Recurring Billing Market in 2025?_x000D_
Leading companies in the automated recurring billing market are concentrating their efforts on the creation of innovative solutions like real-time consumption analytics. This allows them to provide immediate insight into how customers are using their services. In turn, this allows for on-the-fly adjustments in billing, as well as the establishment of personalized pricing strategies that enhance customer satisfaction and revenue growth. Real-time consumption analytics is a tool that allows for the immediate tracking and analysis of customer usage data to ensure accurate billing and timely decision-making based on current insights. To demonstrate, in January 2023, Zuora, Inc., a software company based in the US, introduced a billing and revenue recognition solution specifically designed for consumption business models. This means businesses can introduce flexible pricing plans while adhering to ASC 606 and IFRS 15 rules. The solution offered by Zuora aids companies in improving their customer retention and subscriber growth through real-time visibility, usage-based pricing models, and automatic revenue recognition. Furthermore, finance teams gain the ability to more effectively predict revenue and mitigate risks associated with unpredictable consumption patterns._x000D_
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What Are the Key Segments in the Automated Recurring Billing Market?_x000D_
The automated recurring billing market covered in this report is segmented -_x000D_
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1) By Component: Software, Services_x000D_
2) By Deployment Mode: On-Premises, Cloud_x000D_
3) By Customer Type: Business-To-Business (B2B), Business-To-Consumer (B2C), Direct-To-Consumer (DTC)_x000D_
4) By Enterprise Size: Small And Medium Enterprises, Large Enterprises_x000D_
5) By End-User: Banking, Financial Services, and Insurance (BFSI), Information Technology (IT) And Telecommunications, Healthcare, Retail, Media And Entertainment, Other End-Users_x000D_
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Subsegments:_x000D_
1) By Software: Billing And Invoicing Software, Subscription Management Software, Revenue Recognition Software, Payment Gateway Integration Software, Customer Relationship Management (CRM) Integration_x000D_
2) By Services: Implementation And Integration Services, Consulting Services, Support And Maintenance Services, Training And Education Services, Customization Services_x000D_
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Who Are the Key Players Shaping the Automated Recurring Billing Market's Competitive Landscape?_x000D_
Major companies operating in the automated recurring billing market are Oracle Corporation, SAP SE, PayPal Holdings Inc., Salesforce Inc., Intuit Inc., Zoho Corporation, Sage Group plc, Stripe Inc., Razorpay Software Private Limited, Zuora, Inc., FreshBooks, GoCardless Ltd., Chargebee Inc., Recurly Inc., Paddle.com Market Limited, Maxio, Aria Systems Inc., Block Inc., BlueSnap Inc., ChargeOver LLC_x000D_
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What Geographic Markets Are Powering Growth in the Automated Recurring Billing Market?_x000D_
North America was the largest region in the automated recurring billing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated recurring billing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_
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