Boston, MA -- (SBWIRE) -- 10/12/2016 -- Subscription and Billing Management Market by Solution (Subscription Order Management, Billing Mediation, Pricing and Quote Management), Service (Professional and Managed), Deployment (Cloud and On-Premise), User Type, Vertical - Global Forecast to 2021

"Growing demand among enterprises for integrated subscription and billing platform is driving the market for subscription and billing management solutions"

MarketsandMarkets forecasts the subscription and billing management market to grow from USD 2.90 billion in 2016 to USD 6.01 billion by 2021, at a CAGR of 15.7%. The subscription and billing management solutions such as subscription order management, billing mediation, pricing and quote management, financial customer care, and dispute management enable organizations to standardize order, billing, and payment processes. The subscription and billing management solutions offer several benefits such as reduced initial setup cost, multiple options for payment processing, automated invoicing, and accurate and efficient billing process. Rise in demand for an integrated billing platform is another major factor driving the subscription and billing market since it is secured, robust, and convenient.

Get More Details on this Report and a Full Table of Contents at Subscription and Billing Management Market - Global Forecast to 2021

"Managed services is expected to exhibit the highest growth rate in services segment"

The managed services segment is expected to exhibit the highest growth rate due to the increasing adoption of subscription and billing solutions across various industries; hence, there is a growing need to offer managed services for infrastructure management and application configuration of these solutions. Furthermore, the integration with the back-end systems facilitates the need to systemize the management of these solutions; thus, managed services are expected to grow at the highest CAGR.

"Subscription order management is expected to be the largest solution segment in terms of market size"

The subscription and billing solutions offer customized order, pricing and billing solutions as per requirement of customer. The subscription order management solution is estimated to contribute the largest market share during the forecast period. Additionally, financial customer care and dispute management solution is the fastest-growing segment. .

"Asia-Pacific (APAC) is expected to become one of the major biggest regions for subscription and billing management solutions by 2021"

APAC is growing at the highest rate in comparison to other regions. Moreover, organizations operating in the region, mainly in countries like Australia, Japan, Singapore, and China, are prominently adopting advanced technologies and solutions to increase profits and enhance customer satisfaction.

Additionally, the adoption of emerging technologies and the economic growth of countries such as India and China are further driving the adoption of subscription and billing management solutions and services. North America is expected to be the largest revenue generating region, followed by Europe, whereas APAC and Latin America are expected to be emerging markets for subscription and billing solutions and services.

Breakdown of profile of primaries

-By Company Type: Tier 1 - 55%, Tier 2 - 20%, and Tier 3 - 25%
-By Designation: C-level - 60%, Director-level - 25%, and others - 15%
-By Region: North America - 10%, Europe - 20%, APAC - 40%, and ROW - 30%

Objectives of the study

-To define, describe, and forecast the global subscription and billing management market on the basis of solutions, services, deployment types, user types, verticals, and regions.

-To strategically analyze each subsegment with respect to individual growth trends and contribution towards the overall market.

-To analyze the opportunities in the market for stakeholders and details of the competitive landscape for market leaders

-To forecast the revenue of market segments with respect to five main regions, namely, North America, Europe, APAC, MEA, and Latin America

-To strategically profile key players and comprehensively analyze their market shares and core competencies

-To track and analyze competitive developments, such as mergers and acquisitions, new product developments, and partnerships, in the subscription and billing management market

Target audience:

-Software Providers
-Cloud Service providers
-Platform Providers
-Channel Partners
-Enterprises
-Professional Service Providers

Market Segmentation:

The report segments the subscription and billing management market on the following basis:

-Solution:

-Subscription Order Management
-Billing Mediation
-Pricing and Quote Management
-Financial customer Care and Dispute Management

About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Software research reports at Fast Market Research

You may also be interested in these related reports:

-Energy Management System (EMS) Market - Global Forecast to 2021
-Intellectual Property Rights & Royalty Management Market - Global Forecast to 2021
-Smart Grid Market - Global Forecast to 2021
-Smart Water Management Market - Global Forecast to 2021
-Human Capital Management Market - Global Forecast to 2021