According to the latest report by IMARC Group, titled “Subscription and Billing Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the subscription and billing management market growth. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global subscription and billing management market is expected to exhibit a growth rate (CAGR) of 13.8% during 2023-2028.

Subscription and Billing Management Market Overview:

Subscription and billing management is the process of managing and administering recurring payments and charges for products or services that are provided on a subscription basis. This includes handling customer billing information, invoicing, and collecting payments, as well as monitoring subscription plans, managing upgrades and downgrades, and handling cancellations. It provides personalized experiences by engaging with subscribers through various channels and delivering products and services efficiently.

Additionally, it enhances customer experiences by creating the best plans and promotions. It also aids in tracking customer acquisition cost (CAC) while precisely managing the inventory. As a result, it is extensively adopted by e-commerce sites, software-as-a-service (SaaS) companies, media outlets, and education portals in order to gain recurring subscribers.

Get Free Sample Copy of Report at – https://www.imarcgroup.com/subscription-billing-management-market/requestsample

Global Subscription and Billing Management Market Trends:

The increasing need for improving customer retention rate is driving the global market. Along with this, the growing popularity of subscription-based services among consumers is catalyzing the growth of the market. Moreover, the integration of machine learning (ML) technology in subscription and billing management systems is acting as another growth-inducing factor.

Besides, the increasing employment of software-as-a-service (SaaS) subscription models to purchase online software services is impacting the market favorably. Furthermore, continual advancements in technology, and the proliferation of mobile devices and other digital platforms, are creating a positive market outlook. Other factors, including rapid digitization, intensive business competition, the emerging information technology (IT) sector, and extensive research and development (R&D) activities conducted by key players, are also influencing the market.

Do you know more information, Contact to our analyst at– https://www.imarcgroup.com/subscription-billing-management-market

Key Market Segmentation:

Top Key Players in Subscription and Billing Management Industry:

• 2Checkout.com Inc. (VeriFone Holdings Inc.)
• Aria Systems Inc.
• BillingPlatform LLC
• Bright Market LLC dba FastSpring
• Cerillion, Chargebee
• Fusebill
• Oracle Corporation
• SaaSOptics
• Salesforce Inc.
• SAP SE
• Zoho Corporation
• Zuora.

Breakup by Component:

• Software
• Services

Breakup by Deployment Mode:

• On-premises
• Cloud-based

Breakup by Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises

Breakup by End User:

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

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800