Global subscription and billing management market expected to reach USD 10.5 billion by 2025, at a rate of 15.5% between 2019 and 2025. The increasing adoption of subscription and billing management solutions in the retail sector is likely to fuel the subscription and billing management market growth in the future.

Sarasota, FL -- (SBWire) -- 02/17/2019 --Zion Market Research has published a new report titled "Subscription and Billing Management Market by Component (Software and Services), by Deployment (On-Premises and Cloud), by Enterprise (Small and Medium Enterprises (SMEs) and Large Enterprises), and by End-User Industry (Retail, BFSI, IT & Telecom, Healthcare, Media & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025''. According to the report, the global subscription and billing management market was valued at USD 3.8 billion in 2018 and is expected to reach USD 10.5 billion by 2025, at a rate of 15.5% between 2019 and 2025.

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The increasing adoption of subscription and billing management solutions in the retail sector is likely to fuel the subscription and billing management market growth in the future. Various retailers are focusing on using these solutions to automate their billing processes and retain customers. Top market players are offering tailored solutions to retailers that help them in increasing revenue, both in-store and online. The demand for these solutions is on the rise due to the massive e-commerce sales. In 2017, the worldwide e-commerce sales were USD 2.30 trillion as compared to USD 1.84 trillion in 2016. With increasing online retailing, the need for solutions to automate bills is also rising. These aforementioned factors are expected to drive the growth of the global subscription and billing management market over the estimated timeframe.

The subscription and billing management solutions enable banks and financial institutes to improve operations, deliver enhanced price execution, and meet their revenue goals. Rising investments made in technology by numerous banks are driving the market for subscription and billing management. JP Morgan, Bank of America, Citigroup Inc., Morgan Stanley, etc. are spending on technology to automate numerous processes. In 2018, these banks announced their tech budget, i.e., USD 10.8 billion, USD 16 billion, and USD 8 billion, respectively.

The global subscription and billing management market is segmented on the basis of the component, deployment, enterprise, and end-user industry. By deployment, the global subscription and billing management market is bifurcated into on-premises and cloud. Software and services comprise the component segment of the global subscription and billing management market. Small & medium enterprises (SMEs) and large enterprises form the enterprise segment of the subscription and billing management market. The end-user industry segment includes retail, BFSI, IT and telecom, healthcare, media and entertainment, and others. The media and entertainment sector is likely to grow significantly over the forecast timespan, owing to the escalating demand for online streaming of movies and web series.

By region, North America is expected to hold a significant share of the global subscription and billing management market over the forecast time period. The U.S. is projected to make vital contributions toward this regional market. With the presence of key market players, such as Oracle Corporation, Netsuite, Inc., and Computer Sciences Corporation, this region is likely to witness a huge software demand. The Middle East and Africa is projected to witness considerable growth in the subscription and billing management market over the estimated timeframe, owing to the increasing technological usage in the retail sector.

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Some key players of the global subscription and billing management market are Netsuite, Inc., Computer Sciences Corporation, Fastspring, Cerillion PLC, Aria Systems, Inc., Cleverbridge AG, Avangate B.V., Zuora, Inc., Oracle Corporation, and SAP SE among others.

The report segments the global subscription and billing management market into:

Global Subscription and Billing Management Market: Deployment Analysis

On-Premises
Cloud

Global Subscription and Billing Management Market: Component Analysis

Software
Billing Mediation
Subscription Order Management
Financial customer Care and Dispute Management
Pricing and Quote Management
Others
Services
Managed
Professional

Global Subscription and Billing Management Market: Enterprise Analysis

Small and Medium Enterprises (SMEs)
Large Enterprises

Global Subscription and Billing Management Market: End-User Industry Analysis

Retail
BFSI
IT and Telecom
Healthcare
Media and Entertainment
Others

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Global Subscription and Billing Management Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa