The Latin America, Middle East and Africa Subscription Billing Management Market would witness market growth of 18.6% CAGR during the forecast period (2022-2028).
The process of maintaining a customer's subscriptions and ensuring that their interaction with a product or service is positive is known as subscription management. When a customer "subscribes" to a product or service, the process begins, and it stops when the consumer terminates their subscription. In exchange for access to a good or service for a defined chargeable period—monthly, quarterly, half-yearly, or annually—subscription pricing models produce recurring revenue at predictable intervals. Traditionally, ownership rights, service, and maintenance costs are covered in a single transaction with a single payment (if applicable). The opportunity to build more dynamic and fluid interactions with clients is provided by subscription pricing structures, on the other hand.
By incorporating technology solutions, restorations, and maintenance to the advertised price, subscription pricing increases value in contrast to fee-for-service models, which may require payment for each repair, servicing, and support interaction. Consumers have access to a wide selection of offerings with subscription pricing.
In the United Arab Emirates, both the federal and emirate authorities oversee healthcare. The Ministry of Health and Prevention is the most influential federal regulatory body in the UAE's healthcare industry. The UAE government is liberalizing regulations to attract foreign investment and improve the country's healthcare system. The adoption of subscription billing services throughout the region is estimated to bolster as the banking industry and healthcare infrastructure of regional countries become robust. This factor would drive the growth of the regional subscription billing management market.
The Brazil market dominated the LAMEA Subscription Billing Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $283.3 million by 2028. The Argentina market is anticipated to grow at a CAGR of 19.2% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 18.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Subscription Billing Management Market is Predict to reach $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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