Subscription management software is used to automate subscription processes such as recurring billing, subscription pricing, and payments. These software enable businesses to manage and control complete customer life cycle from recurring payments to customer subscriptions. Subscription management software help businesses to plan subscriptions or bill customers automatically and send and manage invoices. These software are also used to collect customer information and payment data in order to use the information for future use. Subscription management software provide a number of features such as renewals, refunds, cancellations, payment reminders, discounts, and coupon codes. Several companies also offer cloud-based subscription management solutions to reduce the time and cost for deployment of software. Additionally, subscription management software vendors emphasize on delivering advance and unique features, such as multi-payment gateways, to their customers. Moreover, companies also provide solutions which can be integrated with client systems. Subscription management software vendors offer solutions for monthly and annual pricing based on different features provided within a solution. Vendors also provide customized pricing plans to enhance customer experience.
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Growing penetration of cloud-based solutions and adoption of subscription-based pricing for all solutions drive the global subscription management software market. Increase in emphasis on cost reduction, time efficiency, and effective management by small and medium enterprises (SMEs) and large enterprises is expected to propel the market. Additionally, businesses are focusing on improving customer experience and building long-term relationship with their clients. This, in turn, is projected to boost the subscription management software market. Rapid growth in e-commerce and online businesses across the world is projected to increase the demand for subscription management software during the forecast period. However, limited awareness of subscription management software in emerging economies such as Brazil, Russia and India is expected to restrain the large scale adoption of these solutions. A wide range of substitutes, such as customer relationship management (CRM) software, offer subscription management as a part of their modules or applications. This is projected to inhibit the market during the forecast period. Growth in e-commerce and online businesses around the globe creates lucrative opportunities in the subscription management software market.
The global subscription management software market can be segmented based on component, application, enterprise size, industry, and region. In terms of component, the market can be categorized into software and services. The software segment can be further sub-segmented into on-premise, cloud-based, and hybrid. The services segment can be furthered bifurcated into professional services and managed services. Based on application, the subscription management software market can be classified into recurring payments & accounting, billing automation, business analytics, debtor management, and customer support and experience. In terms of enterprise size, the market can be segregated into SMEs and large enterprises. Based on industry, the subscription management software market can be divided into banking, financial services and insurance (BFSI), health care, IT and telecom, hospitality, government, travel and logistics, e-commerce and retail, and others (food & beverages, consumer goods). In terms of the region, North America and Europe are expected to account for large share of the global subscription management software market during the forecast period. This can be due to high rate of adoption of cloud-based solutions and presence of subscription management software vendors across these regions. The market in Asia Pacific is projected to expand at a substantial pace owing to the rise in development of and investment in online and e-commerce businesses in emerging economies such as India, Indonesia, and Malaysia.
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Major players operating in the global subscription management software market include Aria Systems, Inc., billwerk GmbH, Chargebee, Inc., Chargify LLC, cleverbridge AG, Elastic Path Software, Inc., Hybris GmbH (SAP), Pabbly, Rebilly SRL, Recurly, Inc., SaaSOptics, LLC, Telefonaktiebolaget LM Ericsson, Zoho Corporation Pvt. Ltd., and Zuora, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
Get Sample Copy of this report @ https://www.marketresearchreports.biz/sample/sample/8131
Growing penetration of cloud-based solutions and adoption of subscription-based pricing for all solutions drive the global subscription management software market. Increase in emphasis on cost reduction, time efficiency, and effective management by small and medium enterprises (SMEs) and large enterprises is expected to propel the market. Additionally, businesses are focusing on improving customer experience and building long-term relationship with their clients. This, in turn, is projected to boost the subscription management software market. Rapid growth in e-commerce and online businesses across the world is projected to increase the demand for subscription management software during the forecast period. However, limited awareness of subscription management software in emerging economies such as Brazil, Russia and India is expected to restrain the large scale adoption of these solutions. A wide range of substitutes, such as customer relationship management (CRM) software, offer subscription management as a part of their modules or applications. This is projected to inhibit the market during the forecast period. Growth in e-commerce and online businesses around the globe creates lucrative opportunities in the subscription management software market.
The global subscription management software market can be segmented based on component, application, enterprise size, industry, and region. In terms of component, the market can be categorized into software and services. The software segment can be further sub-segmented into on-premise, cloud-based, and hybrid. The services segment can be furthered bifurcated into professional services and managed services. Based on application, the subscription management software market can be classified into recurring payments & accounting, billing automation, business analytics, debtor management, and customer support and experience. In terms of enterprise size, the market can be segregated into SMEs and large enterprises. Based on industry, the subscription management software market can be divided into banking, financial services and insurance (BFSI), health care, IT and telecom, hospitality, government, travel and logistics, e-commerce and retail, and others (food & beverages, consumer goods). In terms of the region, North America and Europe are expected to account for large share of the global subscription management software market during the forecast period. This can be due to high rate of adoption of cloud-based solutions and presence of subscription management software vendors across these regions. The market in Asia Pacific is projected to expand at a substantial pace owing to the rise in development of and investment in online and e-commerce businesses in emerging economies such as India, Indonesia, and Malaysia.
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Major players operating in the global subscription management software market include Aria Systems, Inc., billwerk GmbH, Chargebee, Inc., Chargify LLC, cleverbridge AG, Elastic Path Software, Inc., Hybris GmbH (SAP), Pabbly, Rebilly SRL, Recurly, Inc., SaaSOptics, LLC, Telefonaktiebolaget LM Ericsson, Zoho Corporation Pvt. Ltd., and Zuora, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
View Complete Report at @ https://www.marketresearchreports.biz/it-and-telecommunication/8131/subscription-management-software-global-market-research-reports
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
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