Subscription Management Software Market: Global Industry Analysis and Forecast (2022-2029)

Subscription Management Software Market size was valued at US$ 4.93 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 14% through 2022 to 2029, reaching nearly US$ 14.08 Bn.

Subscription Management Software Market Overview:

Subscription management software automates subscription-related tasks such as pricing, payments, and recurring billing. From recurring payments to client subscriptions, this software helps organisations to govern and manage the whole consumer life cycle. BFSI, Healthcare, IT and Telecom, Hospitality, Government, Travel and Logistics, and E-Commerce and Retail are the industries that are using subscription management software. Global Subscription Management Software MarketTo know about the Research Methodology :- Request Free Sample Report

Subscription Management Software Market Dynamics:

The increased need for an integrated billing platform is a prominent trend in the subscription management software market. Due to features such as pricing flexibility, dunning, security, and others, the implementation of subscription management software is quickly rising in several industry verticals, resulting in a competitive advantage for end-users. Rising adoption of subscription business models, increasing demand for minimising subscriber churn and enhancing customer retention, rising requirement for compliance, and increasing need for modernising old systems are all expected to drive the global market growth during the forecast period 2022-2029. The global subscription management software market is fuelled by the increasing acceptance of cloud-based solutions and the adoption of subscription-based pricing for all products. The market is expected to be driven by growth in emphasis on effective management, time efficiency, and cost reduction by large and small businesses. However, one of the key restraining factors to the global subscription management software market's growth is the high cost of deployment, as well as the cost of maintaining and upgrading the software.

Subscription Management Software Market Segment Analysis:

Based on the Deployment Type, the market is segmented into On-Premise, Cloud-Based, and Hybrid. Cloud-Based deployment type segment is expected to hold the largest market share of 14% by 2029. This is due to the increased usage of cloud-based products by Software as a Service (SaaS) businesses. Cloud-based software increases agility and aids in the rapid development of new subscription services in response to consumer demand. Due to this factors, cloud adoption is rapidly increasing. These are the key benefits that are expected to boost the growth of the Cloud-Based deployment type segment in the global market during the forecast period 2022-2029. Based on the Vertical, the market is segmented into BFSI, Healthcare, IT and Telecom, Hospitality, Government, Travel and Logistics, E-Commerce and Retail, and Others. IT and Telecom segment is expected to grow rapidly at a CAGR of 14% during the forecast period 2022-2029. This is due to the rapid rate of migration of traditional software and technology enterprises to a subscription-based model is credited with this increase. The acceptance and shift is increasing from the traditional license approach to a subscription model. This has led in widespread use of subscription management software, particularly cloud-based subscription management software. These are the factors that are expected to drives the growth of the IT and Telecom segment in the global market during the forecast period 2022-2029. Global Subscription Management Software Market

Global Subscription Management Software Market Regional Insights:

North America dominates the Global Subscription Management Software market during the forecast period 2022-2029. North America is expected to hold the largest market share of 14% by 2029. This is due to the presence of the world's largest telecom service providers and subscription management software suppliers in North America, the subscription management software market is expected to generate optimum revenue prospects for vendors. With the rise in acceptance of Bring Your Own Device (BYOD) and cloud-based applications, subscription processes have become more automated. Due to this factor, large businesses in North America are willing to invest more in subscription management software. With the growing use of mobile devices, countries such as the United States and Canada have been aggressively deploying subscription management software. The widespread adoption of cloud-based solutions by large organisations and SMEs, especially in the United States, is the most significant growth driver in this region. These are the major factors that drive the growth of this region in the Global market during the forecast period 2022-2029. The objective of the report is to present a comprehensive analysis of the Global Subscription Management Software Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Subscription Management Software Market dynamic, structure by analyzing the market segments and project the Global Subscription Management Software Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Subscription Management Software Market make the report investor’s guide.

Global Subscription Management Software Market Scope: Inquire before buying

Global Subscription Management Software Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 4.93 Bn.
Forecast Period 2022 to 2029 CAGR: 14% Market Size in 2029: US $ 14.08 Bn.
Segments Covered: by Deployment Type • On-Premise • Cloud-Based • Hybrid
by Industry • BFSI • Healthcare • IT and Telecom • Hospitality • Government • Travel and Logistics • E-Commerce and Retail • Others

Global Subscription Management Software Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Subscription Management Software Market Key Players

• Aria Systems • Avangate, Inc. • Apttus Corporation • Billwerk GmbH • Chargebee • Chargify • Cleverbridge • Elastic Path Software • Oracle Corporation • SAP • Pabbly • Rebilly • Recurly • SaaSOptics • Telefonaktiebolaget LM Ericsson • NetSuite, Inc. • Zoho Corporation • Zuora • Others

Frequently Asked Questions:

1] What segments are covered in Global Subscription Management Software Market report? Ans. The segments covered in Global Subscription Management Software Market report are based on Deployment Type, and Industry. 2] Which region is expected to hold the highest share in the Global Subscription Management Software Market? Ans. North America is expected to hold the highest share in the Global Subscription Management Software Market. 3] Who are the top key players in the Global Subscription Management Software Market? Ans. Aria Systems, Avangate, Inc., Apttus Corporation, Billwerk GmbH, Chargebee, and Chargify are the top key players in the Global Subscription Management Software Market. 4] Which segment holds the largest market share in the Global Subscription Management Software market by 2029? Ans. Cloud-Based Deployment Type segment hold the largest market share in the Global Subscription Management Software market by 2029. 5] What is the market size of the Global Subscription Management Software market by 2029? Ans. The market size of the Global Subscription Management Software market is expected to reach US $14.08 Bn. by 2029. 6] What was the market size of the Global Subscription Management Software market in 2021? Ans. The market size of the Global Subscription Management Software market was worth US $4.93 Bn. in 2021.
1. Global Subscription Management Software Market: Research Methodology 2. Global Subscription Management Software Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Subscription Management Software Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Subscription Management Software Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Subscription Management Software Market Segmentation 4.1 Global Subscription Management Software Market, by Deployment Type (2021-2029) • On-Premise • Cloud-Based • Hybrid 4.2 Global Subscription Management Software Market, by Industry (2021-2029) • BFSI • Healthcare • IT and Telecom • Hospitality • Government • Travel and Logistics • E-Commerce and Retail • Others 5. North America Subscription Management Software Market (2021-2029) 5.1 Global Subscription Management Software Market, by Deployment Type (2021-2029) • On-Premise • Cloud-Based • Hybrid 5.2 Global Subscription Management Software Market, by Industry (2021-2029) • BFSI • Healthcare • IT and Telecom • Hospitality • Government • Travel and Logistics • E-Commerce and Retail • Others 5.3 North America Subscription Management Software Market, by Country (2021-2029) • United States • Canada • Mexico 6. Asia Pacific Subscription Management Software Market (2021-2029) 6.1. Asia Pacific Subscription Management Software Market, by Deployment Type (2021-2029) 6.2. Asia Pacific Subscription Management Software Market, by Industry (2021-2029) 6.3. Asia Pacific Subscription Management Software Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Subscription Management Software Market (2021-2029) 7.1 Middle East and Africa Subscription Management Software Market, by Deployment Type (2021-2029) 7.2. Middle East and Africa Subscription Management Software Market, by Industry (2021-2029) 7.3. Middle East and Africa Subscription Management Software Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Subscription Management Software Market (2021-2029) 8.1. Latin America Subscription Management Software Market, by Deployment Type (2021-2029) 8.2. Latin America Subscription Management Software Market, by Industry (2021-2029) 8.3. Latin America Subscription Management Software Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 9. European Subscription Management Software Market (2021-2029) 9.1. European Subscription Management Software Market, by Deployment Type (2021-2029) 9.2. European Subscription Management Software Market, by Industry (2021-2029) 9.3. European Subscription Management Software Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Aria Systems 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Avangate, Inc. 10.3. Apttus Corporation 10.4. Billwerk GmbH 10.5. Chargebee 10.6. Chargify 10.7. Cleverbridge 10.8. Elastic Path Software 10.9. Oracle Corporation 10.10. SAP 10.11. Pabbly 10.12. Rebilly 10.13. Recurly 10.14. SaaSOptics 10.15. Telefonaktiebolaget LM Ericsson 10.16. NetSuite, Inc. 10.17. Zoho Corporation 10.18. Zuora 10.19. Others

About This Report

Report ID 86821
Category Information Technology & Telecommunication
Published Date Sept 2022
Updated Date
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