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.
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.
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.
In 2018, the global Subscription Management Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Subscription Management Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Subscription Management Software development in United States, Europe and China.
The key players covered in this study
Elastic Path Software
Telefonaktiebolaget LM Ericsson
Market segment by Type, the product can be split into
Market segment by Application, split into
IT and Telecom
Travel and Logistics
E-Commerce and Retail
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Subscription Management Software status, future forecast, growth opportunity, key market and key players.
To present the Subscription Management Software development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Subscription Management Software are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.