Subscription & Billing Management Market by Component, Deployment Model, Enterprise Size, Industry – Global Market Analysis and Forecast (2020 – 2025)

Global subscription & billing management market generated revenue of US$ 3.9 billion in 2020 and is expected to reach US$ 7.4 billion by 2025 with a CAGR of 13.3% in the forecast period. Main factors that drive the growth of subscription & billing management market are increasing adoption of subscription business models, increasing demand for reducing subscriber churn and improving customer retention, growing need for adhering to compliances, and increasing need for upgrading legacy system. Customer churn is one of the significant problem for businesses as gaining new customers is more expensive than retaining existing ones. In order to eliminate such challenges, various organizations are adopting subscription & billing management solutions. The subscription & billing management market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report. In addition, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors.
 Solution segment accounts the dominating position in the market. 
• Based on components, the subscription & billing management is segmented into solutions and services. The solution segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout the forecast period. Moreover, the service segment is further segmented into professional and managed services. The professional services segment accounts the dominant position in the market in 2020, whereas the managed services segment is projected to grow with the highest CAGR during the forecast period.
 Cloud based deployment model is expected to grow with the highest CAGR.
• Based on the deployment model, the subscription & billing management is segmented into on-premises and cloud-based. The cloud-based deployment model is expected to grow with the highest CAGR during the forecast period. Moreover, the on-premises deployment model holds the dominating position of the market in 2020 and is expected to retain its dominance throughout the forecast period.
 Large Enterprises segment accounts the dominating position in the market.
• Based on enterprise size, the subscription & billing management is segmented into small & medium enterprises and large enterprises. The small & medium enterprises segment is expected to grow with the highest CAGR during the forecast period. Moreover, the large enterprise segment holds the dominating position in the market in 2020 and is expected to retain its dominance throughout the forecast period.
 IT & telecom segment account the dominating position in the market.
• Based on industry, the subscription & billing management is segmented into IT & telecom, retail and ecommerce, BFSI, media and entertainment, public sector and utilities, transportation and logistics, and others (healthcare, education, and manufacturing). The IT & telecom sector hold a leading market position in 2020 and are projected to stay leading over the forecast period. 
 North America accounts the dominating position in the market.
• Based on the region, the subscription & billing management market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America has a dominant position in the market in 2020 and is predicted to remain dominant over the projected period. The United States and Canada are the largest market-driven countries in the world. Moreover, Asia Pacific is projected to rise at the fastest CAGR in the forecast period. China, India, and Japan are some of the major market-driven countries in the world.
 Subscription & Billing Management Market Players:
• Some of the major players of subscription & billing management market are Zuora Inc., Oracle Corporation, SAP SE, NetSuite, Inc., Cleverbridge AG, Computer Sciences Corporation, Cerillion Technologies Limited, Avangate, Inc., Apttus Corporation, Aria Systems, Inc., Transverse LLC, Blusynergy, LogiSense Corporation, and Recurly, Inc. The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances and mergers and acquisitions to create disruptive technologies and consumer networks.
The subscription & billing management market report provides a detailed study on the following segments:
Subscription & Billing Management Market, by Component
 Solution
 Services
• Professional Services
• Managed Services
Subscription & Billing Management Market, by Deployment Model
 On- Premises
 Cloud Based
Subscription & Billing Management Market, by Enterprise Size
 Small & Medium Enterprises
 Large Enterprises
Subscription & Billing Management Market, by Industry
 IT & Telecom
 Retail and ecommerce
 BFSI
 Media and Entertainment
 Public Sector and Utilities
 Transportation and Logistics
 Others (Healthcare, education, and manufacturing)

Subscription & Billing Management Market, by Region
 North America
 Europe
 Asia Pacific
 Middle East & Africa
 Latin America
 Key questions the report answers
• What are the major driving factors that accelerate the growth of the market?
• What are the restraints which hinders the growth of the market?
• What segment offers the most development opportunities?
• Which region provides the key growth opportunity to the market?
• Who are the major industry players?
• What are the key strategies adopted by the market players?