Market Overview:
The global progress billing software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based billing software and the growing trend of BYOD (Bring Your Own Device). Additionally, the rising adoption of digital technologies by small and medium sized companies is also contributing to the growth of this market. However, lack of awareness about these software solutions among small businesses may restrain the growth of this market during the forecast period.
Product Definition:
Progress Billing Software is a type of invoicing software that helps businesses keep track of their billing and payments. It can help to automate the billing process, making it easier and faster for businesses to bill their customers and receive payments. This can be especially helpful for businesses that have a large number of customers or transactions.
On Premises:
On Premises, it's usage and growth factor in Progress Billing Software market is a service that enables organizations to bill customers for goods or services provided by the vendor using the same process and system used to provide those goods or services. The on-premises software provides several advantages such as data security, easy retrieval of customer information, accurate billing information, ease of use & control over business processes.
Cloud-based:
Cloud-based software is a type of software service model that provides solutions to clients through the internet. It helps in reducing costs and improving operational efficiency by offering shared services for various applications. The cloud-based progress billing software offers real time billing, which allows customers to pay for different services through online portals without going to an agent or collector. This eliminates the need for customers and agents to go back and forth between systems resulting in improved customer satisfaction along with reduced operating expenses of the company.
Application Insights:
The large companies application segment accounted for the largest market share in 2017. Large companies are likely to have a robust billing system that can support multiple currencies, integrate with third-party systems and offer advanced features. The small and medium sized companies are expected to be the fastest-growing segment over the forecast period owing to their ability to offer cost savings while maintaining billing accuracy.
The cloud-based solution is likely to emerge as the most popular option over the forecast period owing its flexibility and convenience of use from any device with an internet connection. The advance payment feature allows customers who purchase services or products on credit terms (i.e.
Regional Analysis:
North America dominated the global progress billing software market in 2017. The growth of the region can be attributed to factors such as increasing healthcare spending, rising adoption of cloud-based solutions and high awareness regarding EHRs. Furthermore, a large number of players operating in this region have also improved the overall competition among vendors by introducing new products and services that meet customer needs.
The Asia Pacific is expected to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure coupled with growing demand for advanced medical treatments resulting into increased usage of billing systems for reimbursement purposes. Moreover, an increase in government initiatives aimed at reducing public expenditure on health care has resulted into increased focus on cost control measures which will further drive progress billing software adoption over the next eight years.
Growth Factors:
- Increasing demand for cloud-based billing software
- Proliferation of mobile devices and BYOD policies in organizations
- Emergence of new billing paradigms such as usage-based and subscription billing
- Rapid growth in the ecommerce sector
- Growing need to manage complex pricing structures
Scope Of The Report
Report Attributes
Report Details
Report Title
Progress Billing Software Market Research Report
By Type
On Premises, Cloud-based
By Application
Large Companies, Small and Medium Sized Companies
By Companies
BigTime, RedTeam Software, Sage, BQE Core, MAESTRO, Jonas, Hardhat, JOVACO, Quantum, Basic Builder
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
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Progress Billing Software Market Report Segments:
The global Progress Billing Software market is segmented on the basis of:
Types
On Premises, Cloud-based
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
Large Companies, Small and Medium Sized Companies
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:
- BigTime
- RedTeam Software
- Sage
- BQE Core
- MAESTRO
- Jonas
- Hardhat
- JOVACO
- Quantum
- Basic Builder
Highlights of The Progress 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:
- On Premises
- Cloud-based
- By Application:
- Large Companies
- Small and Medium Sized Companies
- 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 Progress 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.
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- 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?
Progress Billing Software is a billing software that helps businesses manage their invoices, payments, and contracts. It provides users with a centralized system for tracking expenses and managing contracts.
Some of the key players operating in the progress billing software market are BigTime, RedTeam Software, Sage, BQE Core, MAESTRO, Jonas, Hardhat, JOVACO, Quantum, Basic Builder.
The progress billing software market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Progress 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 Progress Billing Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Progress 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 Progress 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 Progress Billing Software Market Size & Forecast, 2018-2028 4.5.1 Progress Billing Software Market Size and Y-o-Y Growth 4.5.2 Progress Billing Software Market Absolute $ Opportunity
Chapter 5 Global Progress 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 Progress Billing Software Market Size Forecast by Type
5.2.1 On Premises
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Progress 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 Progress Billing Software Market Size Forecast by Applications
6.2.1 Large Companies
6.2.2 Small and Medium Sized Companies
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Progress 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 Progress 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 Progress Billing Software Analysis and Forecast
9.1 Introduction
9.2 North America Progress 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 Progress Billing Software Market Size Forecast by Type
9.6.1 On Premises
9.6.2 Cloud-based
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 Progress Billing Software Market Size Forecast by Applications
9.10.1 Large Companies
9.10.2 Small and Medium Sized Companies
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 Progress Billing Software Analysis and Forecast
10.1 Introduction
10.2 Europe Progress 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 Progress Billing Software Market Size Forecast by Type
10.6.1 On Premises
10.6.2 Cloud-based
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 Progress Billing Software Market Size Forecast by Applications
10.10.1 Large Companies
10.10.2 Small and Medium Sized Companies
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 Progress Billing Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Progress 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 Progress Billing Software Market Size Forecast by Type
11.6.1 On Premises
11.6.2 Cloud-based
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 Progress Billing Software Market Size Forecast by Applications
11.10.1 Large Companies
11.10.2 Small and Medium Sized Companies
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 Progress Billing Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Progress 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 Progress Billing Software Market Size Forecast by Type
12.6.1 On Premises
12.6.2 Cloud-based
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 Progress Billing Software Market Size Forecast by Applications
12.10.1 Large Companies
12.10.2 Small and Medium Sized Companies
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) Progress Billing Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Progress 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) Progress Billing Software Market Size Forecast by Type
13.6.1 On Premises
13.6.2 Cloud-based
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) Progress Billing Software Market Size Forecast by Applications
13.10.1 Large Companies
13.10.2 Small and Medium Sized Companies
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 Progress Billing Software Market: Competitive Dashboard
14.2 Global Progress Billing Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BigTime
14.3.2 RedTeam Software
14.3.3 Sage
14.3.4 BQE Core
14.3.5 MAESTRO
14.3.6 Jonas
14.3.7 Hardhat
14.3.8 JOVACO
14.3.9 Quantum
14.3.10 Basic Builder