Global Subscription Management Software Market size was valued US$ XX Mn. in 2019 and is expected to grow at a CAGR of 11.23% over 2020-2026, to account for US$ XX Mn. in 2026.

Global Subscription Management Software Market

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Global Subscription Management Software Market Overview:

Subscription management software is used to automate subscription processes like subscription pricing, payments and recurring billing. This software allows businesses to control and manage the complete consumer life cycle from recurrent payments to customer subscriptions.

The MMR report covers all the trends and technologies playing a major role in the growth of the global subscription management software market over the forecast period. Such as the major trend witnessed in the subscription management software market is the growing demand for an integrated billing platform. The deployment of the subscription management software is growing rapidly in different industry verticals owing to its features like pricing flexibility, dunning, security and others which are accountable for providing the competitive benefit to the end-users.

Mounting penetration of cloud-based solutions and the adoption of subscription-based valuing for all solutions fuel the subscription management software market globally. A rise in emphasis on effective management, time efficiency, and cost reduction by large and SMEs enterprises is expected to drive the market. However, higher deployment prices for deployment as well as maintaining and upgrading the subscription management software is one of the major challenging factors for the growth of the global subscription management software market.
Global Subscription Management Software Market Segmentation:

In 2019, the cloud-based segment dominated the market with more than 42% share of the global subscription management software market thanks to growing the adoption of the cloud-based product by the Software as a Service (SaaS) enterprises. Cloud-based software upsurges agility and helps in rapidly launching new subscription services to meet consumer demands. So, the adoption of the cloud is growing at a rapid pace.

By industry, the IT and Telecom segment held the largest market share of XX.11% in 2019 and is projected to grow at the highest CAGR of XX.39% to reach US$ XX Mn. by 2026. This growth is attributed to the noteworthy shift from traditional software to a subscription-based model. Furthermore, developing tech start-ups are also working usage-based charging in B2B space, resulting in the growth of subscription management software in the IT and Telecom industry.
Regional Analysis of Global Subscription Management Software Market:

The report offers a brief analysis of the major regions in the market, namely, North America, Europe, APAC, MEA and South America. Among these, the North America region is expected to hold the largest XX.16% growth rate during the forecast period thanks to the large presence of companies, including, Aria Systems Inc., Apttus Corporation in the region. With the growing usage of cloud-based services and BYOD, there has been an increase in the automation of the subscription process in the region. Businesses in the developed economies, particularly the U.S. and Canada, are heavily investing in subscription software, thereby generating growth In North America Subscription Management Software Market.

The Asia Pacific occupied the second largest market share of 22.13% in 2019. This growth is attributed to the growing investment and development in online and E-commerce businesses in emerging countries such as India, Indonesia, and Malaysia.

Vendors Share of Subscription Management Software Market 2019

Global Subscription Management Software Market1

Competitive Landscape:

Companies in the subscription management software market are involved in adopting sustainable strategies to gain competitive edges like a new product launch, product up-gradation and collaborative agreements. For example, in Jan 2020, Zuora Company partnered with Radiuz, a worldwide Mobility-as-a-Service (MaaS) platform provider, to substitute Radiuz’s home-grown billing system with Zuora Billing.

In Nov 2019, Aria Systems announced the accessibility of its Aria Crescendo Monetization Platform on Microsoft Azure.

The report also helps in understanding Global Subscription Management Software Market dynamics, 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.
Scope of the Global Subscription Management Software Market: Inquire before buying

Global Subscription Management Software Market2
Global Subscription Management Software Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key Players operating in the Global Subscription Management Software Market

• 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

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