Market Overview:
The global billing software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based billing software and the growing adoption of big data and analytics by businesses. Cloud-based billing software is expected to grow at a higher CAGR than on-premises billing software during the forecast period. This can be attributed to the advantages offered by cloud-based solutions, such as scalability, flexibility, and cost efficiency. Cloud-based solutions are also easier to deploy and manage than on-premises solutions. Small and medium enterprises (SMEs) are expected to account for a larger share of the global billing software market in 2018 than large enterprises. SMEs are increasingly adopting cloud-based billing software due its ease of use and low cost.
Product Definition:
Billing software is a type of software that is used to manage and track billing-related tasks for a business. This can include creating and managing invoices, tracking payments, and generating reports on billing activity. Billing software can be an important tool for businesses of all sizes, as it can help them to more efficiently manage their billing processes and ensure that they are getting paid correctly for the products or services they provide.
Cloud-based:
Cloud-based software is a type of software service model that provides shared computer resources over the internet. It uses cloud technology which is a part of information technology services and solutions to store data on digital media for easy access by users from any location or device. Cloud computing offers benefits such as increased storage space, flexibility, and cost-effectiveness compared to traditional methods.
On-premises:
On-premises is a term used for software and hardware installed in the customer's site. It can be used interchangeably with the term cloud, however, it specifically refers to software and hardware that is installed on the end user’s premises. On-premises solutions are more secure as compared to cloud solutions as data stored on cloud cannot be altered or removed after installation.
Application Insights:
The large enterprises segment dominated the global billing software market in 2017, accounting for over 60% of the revenue share. The segment is expected to witness significant growth over the forecast period owing to various factors such as growing demand from customers and suppliers, need for efficient management of accounts receivable and payable processes among others.
The SMEs' application segment is expected to register a notable CAGR of XX% during the forecast period owing to increasing penetration in countries such as India, China and Brazil where small businesses are widely prevalent. In addition, favorable government policies promoting digital transformation are further anticipated to drive industry growth across all regions globally over the coming years.
Regional Analysis:
North America dominated the global billing software market in 2017. North America has been witnessing continuous growth in SMEs and large enterprises. The U.S., in particular, is a major revenue contributor to the regional market owing to the presence of a large number of small and medium enterprises (SMEs). These SMEs are increasingly adopting cloud-based billing software solutions for various business reasons such as ease of use, cost savings, scalability etc.
Asia Pacific is expected to witness significant growth over the forecast period owing to increasing adoption by mid-size businesses as well as large enterprises for streamlining their operations & payment processes while reducing costs & risks associated with paper-based billing systems.
Growth Factors:
- Increasing demand for cloud-based billing software owing to its advantages such as scalability and flexibility.
- Proliferation of mobile devices and BYOD policies, which is driving the need for cloud-based billing solutions that can be accessed from anywhere at any time.
- The increasing trend of outsourcing IT services, which is resulting in an increased demand for billing software that can manage complex invoicing and accounting processes effectively.
- Rapid growth in the ecommerce sector, leading to a greater need for efficient billing software that can handle online transactions quickly and smoothly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Billing Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Small and Medium Enterprises (SMEs), Large Enterprises
By Companies
FreshBooks, Tipalti, Replicon, Zoho, Hyper Drive Solutions, Bitrix, Chargebee, PandaDoc, Elorus, Harmony Business Systems, Intuit, PayPal
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Billing Software Market Report Segments:
The global Billing Software market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium Enterprises (SMEs), Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- FreshBooks
- Tipalti
- Replicon
- Zoho
- Hyper Drive Solutions
- Bitrix
- Chargebee
- PandaDoc
- Elorus
- Harmony Business Systems
- Intuit
- PayPal
Highlights of The Billing Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premises
- By Application:
- Small and Medium Enterprises (SMEs)
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Billing Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Billing software is a computer program that helps businesses process and manage their billing and invoicing. It can automate the process of creating, tracking, and managing customer accounts receivable. Billing software can also help businesses keep track of expenses related to billing, such as postage costs or phone charges.
Some of the key players operating in the billing software market are FreshBooks, Tipalti, Replicon, Zoho, Hyper Drive Solutions, Bitrix, Chargebee, PandaDoc, Elorus, Harmony Business Systems, Intuit, PayPal.
The billing software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Billing Software Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Billing Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Billing Software Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Billing Software Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Billing Software Market Size & Forecast, 2018-2028 4.5.1 Billing Software Market Size and Y-o-Y Growth 4.5.2 Billing Software Market Absolute $ Opportunity
Chapter 5 Global Billing Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Billing Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Billing Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Billing Software Market Size Forecast by Applications
6.2.1 Small and Medium Enterprises (SMEs)
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Billing Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Billing Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Billing Software Analysis and Forecast
9.1 Introduction
9.2 North America Billing Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Billing Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Billing Software Market Size Forecast by Applications
9.10.1 Small and Medium Enterprises (SMEs)
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Billing Software Analysis and Forecast
10.1 Introduction
10.2 Europe Billing Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Billing Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Billing Software Market Size Forecast by Applications
10.10.1 Small and Medium Enterprises (SMEs)
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Billing Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Billing Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Billing Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Billing Software Market Size Forecast by Applications
11.10.1 Small and Medium Enterprises (SMEs)
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Billing Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Billing Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Billing Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Billing Software Market Size Forecast by Applications
12.10.1 Small and Medium Enterprises (SMEs)
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Billing Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Billing Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Billing Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Billing Software Market Size Forecast by Applications
13.10.1 Small and Medium Enterprises (SMEs)
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Billing Software Market: Competitive Dashboard
14.2 Global Billing Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 FreshBooks
14.3.2 Tipalti
14.3.3 Replicon
14.3.4 Zoho
14.3.5 Hyper Drive Solutions
14.3.6 Bitrix
14.3.7 Chargebee
14.3.8 PandaDoc
14.3.9 Elorus
14.3.10 Harmony Business Systems
14.3.11 Intuit
14.3.12 PayPal