Subscription and Billing Management Market Size, Share, Trends, Growth 2032

Subscription and Billing Management Market Insights

According to a report from Zion Market Research, the global Subscription and Billing Management Market was valued at USD 5.53 Billion in 2023 and is projected to hit USD 20.79 Billion by 2032, with a compound annual growth rate (CAGR) of 15.86% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Subscription and Billing Management Market industry over the next decade.

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Subscription and Billing Management Market: Overview

The report gives a transparent view of the subscription and billing management market. We have included a detailed competitive scenario and portfolio of leading vendors operative in the global subscription and billing management market. To understand the competitive landscape in the subscription and billing management market, an analysis of Porter’s Five Forces model for the subscription and billing management market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Subscription and Billing Management Market: Growth Drivers

The increasing use of automation in the healthcare industry has paved the way for the growth of the subscription and billing management market in the past few years. Some subscription models used by numerous organizations are direct primary care, concierge medicine, and healthcare insurance. Global organizations in the healthcare industry, such as Falck A/S, offer subscription services to their patients, which include emergency medical services, doctor visits, baby healthcare, discounted specialty visits, etc. In 2018, the organization announced that it had over 1 million subscribers in Latin America. 

The global subscription and billing management market is anticipated to grow significantly in the future owing to the increasing demand for subscription and billing management services by the IT and telecom sector. Telecom organizations generate huge revenue through customer retention. With the increasing adoption of mobile TV, telecom organizations are focusing on solutions that help them in effectively managing subscribers and deliver content and services based on subscriber’s preference.

However, rising cyber-attacks have led to customer data security issues may hinder the subscription and billing management market globally. The rising demand for customer relationship solutions is projected to open new growth avenues for the market over the forecast time period.

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Subscription and Billing Management Market: Segmentation

The global subscription and billing management market is segmented on the basis of the component, deployment, enterprise, and end-user industry.

By deployment, the global subscription and billing management market is bifurcated into on-premises and cloud.

Software and services comprise the component segment of the global subscription and billing management market. Small & medium enterprises (SMEs) and large enterprises form the enterprise segment of the subscription and billing management market.

The end-user industry segment includes retail, BFSI, IT and telecom, healthcare, media and entertainment, and others. The media and entertainment sector is likely to grow significantly over the forecast timespan, owing to the escalating demand for online streaming of movies and web series. 

Subscription and Billing Management Market: Report Scope

Subscription and Billing Management Market: Regional Analysis

The regional segmentation of the market comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe with its further division into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina.

By region, North America is expected to hold a significant share of the global subscription and billing management market over the forecast time period. The U.S. is projected to make vital contributions toward this regional market. With the presence of key market players, such as Oracle Corporation, Netsuite, Inc., and Computer Sciences Corporation, this region is likely to witness a huge software demand. The Middle East and Africa are projected to witness considerable growth in the subscription and billing management market over the estimated timeframe, owing to the increasing technological usage in the retail sector.

Subscription and Billing Management Market: Competitive Analysis

The global subscription and billing management market is dominated by players like:

• Netsuite, Inc
• Computer Sciences Corporation
• Fastspring
• Cerillion PLC
• Aria Systems, Inc
• Cleverbridge AG
• Avangate B.V
• Zuora, Inc
• Oracle Corporation
• SAP SE

The report segments the global subscription and billing management market into:

Global Subscription and Billing Management Market: Deployment Analysis

• On-Premises
• Cloud

Global Subscription and Billing Management Market: Component Analysis

• Software
  • Billing Mediation
  • Subscription Order Management
  • Financial customer Care and Dispute Management
  • Pricing and Quote Management
  • Others
• Services
  • Managed
  • Professional

Global Subscription and Billing Management Market: Enterprise Analysis

• Small and Medium Enterprises (SMEs)
• Large Enterprises

Global Subscription and Billing Management Market: End-User Industry Analysis

• Retail
• BFSI
• IT and Telecom
• Healthcare
• Media and Entertainment
• Others

Global Subscription and Billing Management Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa