Subscription and Billing Management Market Worth $6.01 Billion by 2021 - Security is Major Restraint in Adoption of Cloud-Based Solutions - Research and Markets
DUBLIN, September 13, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Subscription and Billing Management Market by Solution, Service, User Type, Vertical - Global Forecast to 2021" report to their offering.
The subscription and billing management market is estimated to grow from USD 2.90 Billion in 2016 to USD 6.01 Billion by 2021. The market is expected to grow at a CAGR of 15.7% because of the increasing demand for integrated high performance order and billing and payment software.
The subscription and billing management software has provided many advantages to users in the form of reduced initial setup cost, multiple options for payment processing, automated invoicing, and accurate and efficient billing process. The implementation of subscription and billing management helps in building efficient and accurate interactions among order, payment, and billing and transaction processes.
North America is expected to hold the largest market share and dominate the subscription and billing management market from 2016 to 2021. The higher adoption rate is expected due to the rise in demand for integrated billing platform in North America. APAC holds potential growth opportunities as there is a rise in the adoption of cloud and digital technology among small and large enterprises for increasing their profitability.
However, concerns about deployment and usage of subscription and billing management solutions restrict the market growth. These solutions involve cost of maintenance and require timely upgradations, which increases the organization's budget. Moreover, security is one of the major restraints in the adoption of cloud-based subscription and billing management solutions.
Companies Mentioned:
- Apttus Corporation
- Aria systems, Inc.
- Avangate
- Blusynergy
- Cerillion plc
- cleverbridge
- Computer Sciences Corporation (CSC)
- Fastspring
- goTransverse
- LogiSense Corporation
- NetSuite, Inc.
- Oracle Corporation
- Recurly, Inc.
- SAP SE
- Zuora
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Subscription and Billing Management Market Analysis, By Solution
8 Market Analysis, By Service
9 Subscription and Billing Management Market Analysis, By Deployment Type
10 Market Analysis, By User Type
11 Subscription and Billing Management Market Analysis, By Industry Vertical
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
15 Key Innovators
16 Appendix
For more information about this report visit http://www.researchandmarkets.com/research/3q7mjp/subscription_and
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