The pandemic has created massive opportunities for the entire subscription business market. More businesses today are utilising software-as-a-service (SaaS) solutions to enable remote work, while consumer demand for subscription services in e-learning, entertainment, and utilitarian deliveries have skyrocketed, reported Chargebee – a subscription billing and revenue operations platform.
According to MarketsandMarkets, the global subscription & billing management market size is expected to grow from $4B (approx €3.3B) in 2020 to $7.8B (approx €6.6B) by 2025, at a Compound Annual Growth Rate (CAGR) of 14.0% between this period.