The Asia Pacific Subscription Billing Management Market would witness market growth of 16.3% CAGR during the forecast period (2022-2028).
The method for managing user customers and their choices across the whole customer lifecycle is known as subscription management. A subscription management tool keeps track of a user's product catalog, prices, subscribers' data (such as subscriptions, add-ons, and transaction histories), and billing cycles. Along with managing trials, grandfathering in case of a price change, trial-to-paid upgrades, write-downs, and cancellations over the whole subscription lifecycle, this also includes managing pricing changes. Recurring payment and membership management go together, as the user may anticipate. In the following sections, users will learn how better subscription billing management can affect revenue operations down to revenue recognition.
Subscription billing software, which is tightly interwoven with subscription management, gives businesses the choice to automatically fee is calculated at predetermined intervals, ensuring almost a guaranteed income. From the standpoint of the customer, all they have to do is enroll in "auto-pay," which records their payment info and secures authorization for suppliers to debit their accounts. Businesses can charge customers however they see fit under subscription agreements to maintain stable cash flows and satisfy customer wants.
The Digital India initiative has evolved into a technological empowerment campaign for the average Indian. Numerous social media platforms have expanded their presence in India due to the widespread availability of mobile phones, the Internet, etc. Common people also substantially utilize these sites. Some portals that produce research about social media platforms and whose findings have not been contested have reported the following user bases for India's top social media platforms. Due to an upsurge in the adoption of subscription billing management services within the healthcare infrastructure of regional countries, the rising burden on hospitals and clinics throughout the region would stimulate the growth of the regional subscription billing management market.
The China market dominated the Asia Pacific Subscription Billing Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,206.5 million by 2028. The Japan market is registering a CAGR of 15.6% during (2022 - 2028). Additionally, The India market would generate a CAGR of 17% during (2022 - 2028).
Based on End-use, the market is segmented into BFSI, Retail & E-Commerce, Media & Entertainment, IT & Telecom, Healthcare & Life Sciences and Others. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Component, the market is segmented into Software and Service. Based on Software Type, the market is segmented into Subscription Order Management, Quote & Pricing Management, Credit & Collection Management, Receivables Management and Dispute Management & Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Subscription Billing Management Market is Projected to reach USD 14.1 Billion by 2028, at a CAGR of 15.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, SAP SE, Zuora Inc., BluSynergy, Recurly, Inc., Gotransverse, Cleverbridge GmbH, LogiSense Corporation, Aria Systems, Inc., and Conga (Thoma Bravo, LP).
By End-use
By Organization Size
By Deployment Type
By Component
By Country
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