The subscription and billing management market is forecasted to grow from $4.6B to $17.9B over the next 10 years. There has been a 350% growth in the subscription economy over the past 7.5 years. Currently, the majority of the market share is held by large enterprises.
Monthly Recurring Revenue
The global trends show an increase in interest in health and wellness and indicate that this industry will continue to grow. The increasing health consciousness is one of the contributing factors. A decline in the national smoking rate and a rise in healthy food consumption are expected to support the increase in health consciousness..