The global subscription billing management market is anticipated to grow at a CAGR of 15.8% during the forecast period. Subscription billing is the payment model where companies have established a relationship with the customer to bill and invoice based on a specific schedule. The benefits associated with subscription billing management such as generating invoices quickly, faster payments, reduced manual workload, tracking of ongoing activities, and others are accelerating the growth of the market during the forecast period. The strategic initiatives by market players such as new offerings, mergers and acquisitions, and others are expected to incline the growth of the subscription billing management market during the forecast period. For instance,
Browse the full report description of “Subscription Billing Management Market Size, Share & Trends Analysis Report by Component (Software and Services), by Deployment (Cloud and On-Premises), and by End-Users (BFSI, Retail and E-Commerce, IT and Telecom, Media and Entertainment, Healthcare, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/subscription-billing-management-market
• In October 2021, Stax launched a new subscription and invoice management platform Stax Bill, reducing time spent on billing operations up to 80%. Stax Bill simplifies subscription billing and invoice management by automating manual financial processes. It helps businesses improve accountability with clean and accurate books by eliminating the need to manually handle complex tasks. Additionally, the platform automates the dunning process to reduce customer churn and revenue leakage.
• In August 2021, Square launched a new paid subscription, Invoices Plus. The company’s free invoicing software is becoming the next big subscription service. It offers sellers a set of advanced features, including some that had previously been available with the free service.
• In November 2019, Sage launched “Sage Intacct” to Customers in the UK. The platform will provide insights and automation to the team they need to deliver a value-add, strategic service, keeping up with the ever-changing demands of the business environment.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Component
o By Deployment
o By End-Users
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including 2Checkout, Inc., BillingPlatform, Chargebee Inc., Oracle Corp., Recurly, Inc., Salesforce.com Inc., Sap SE, Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Subscription Billing Management Market Report Segment
By Component
• Software
o Credit And Collection Management
o Receivables Management
o Quote And Pricing Management
o Subscription Order Management
o Dispute Management
o Others
• Services
By Deployment Type
By End-Users
Global Subscription Billing Management Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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