According to a new report, published by KBV research, The Global Subscription Billing Management Market size is expected to reach $14.1 billion by 2028, rising at a market growth of 15.7% CAGR during the forecast period.
The BFSI market acquired the highest revenue share in the Global Subscription Billing Management Market by End-use in 2021, thereby, achieving a market value of $3.7 billion by 2028. The increased use of cutting-edge technology by BFSI incumbents is a key factor driving the expansion of the subscription and billing management market. Several payment service providers are forming alliances with subscription administration technology vendors to provide smooth payment solutions.
The SMEs market is showcasing a CAGR of 17.6% during (2022 - 2028). Small and medium-sized businesses are anticipated to adopt subscription billing management software as a result of a rising requirement for automating manual accounting and financial procedures and deliver efficient services to clients.
The Cloud market is generating the high revenue share in the Global Subscription Billing Management Market by Deployment Type in 2021, thereby, achieving a market value of $9.8 billion by 2028. The ability of cloud-based billing solutions to adapt to change and effectively handle the organization's altering demands will be a crucial element driving this segment's development in the coming years.
The Service market has shown the growth rate of 17.8% during (2022 - 2028). Integration and deployment, support and maintenance, and training and consulting services are all included in the professional services section. These services are very important to help companies in software installation, aligning the operating systems with the current systems, and trying to operate the software efficiently.
The North America market dominated the Global Subscription Billing Management Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.75 billion by 2028. The Europe market is poised to grow at a CAGR of 15.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 16.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/subscription-billing-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
Unique Offerings 
