DUBLIN--(BUSINESS WIRE)--Mar 6, 2023--
The "Agile Billing Software Global TAM Forecast 2022-2026" report has been added to ResearchAndMarkets.com's offering.
There is no doubt technology is a large and growing economic sector. However, questions persist as to the precise size and growth trajectory of the global tech market. Historically, technology spend estimates have focused on corporate IT budgets combined with consumer tech spend. While these are useful to an extent, they miss corporate technology spending outside IT budgets - the so-called "grey-market IT." After all, corporate IT budgets have shown only modest gains of 2-3% per year, while most technology areas are growing much faster. This prompts the question, "where is all this money coming from?"
The analyst recently assembled a bottom-up estimate of global technology spending that includes spending by corporate IT and grey-market IT, as well as consumers. The results of this study indicate that global technology spend is significantly larger than previously estimated. Not only that, but its growth trajectory remains the envy of every other economic vertical. This reflects how enmeshed technology is in everyday consumer and business life. Further, the pandemic exposed just how little is digitized and how significant the IT industry's long-term upside is. Looking at the tech industry through the lens of actual numbers corrects the subjective distortions caused by cycles of extreme hype and anti-hype in the press and capital markets.
The analyst estimates that global tech spending (this includes consumers, publicly traded organizations, privately held companies, non-for-profit organizations, and government spend) will grow from $8.51 trillion in 2022 to $11.47 trillion in 2026, representing a 5-Year CAGR of 7.75%.
For more information on global technology spending and the tech industry's total addressable market, read TAM Forecasts in Agile Billing.
This report analyzes the key market drivers and dynamics that are fueling the growth in Agile Billing investments and details the geographies, sectors, and vertical industries that are most impacted.
The market for Cloud-based Agile Billing Software represents a rapidly expanding five-year (2022-2026) total addressable market (TAM) exceeding $45 billion.
After the Covid-19 pandemic drove businesses to embrace e-commerce and digital channels, B2B buyers came to expect a more comprehensive and customizable selection of payment offerings, including subscription, usage, and consumption-based models. The growth in Agile Billing adoption is fueled by digital transformation and a refocusing of technology investment towards automation and digitally instrumenting key processes to address increasingly complex and varied billing software requirements.
Agile Billing represents a significant opportunity to increase productivity, improve accuracy, and inject operational speed across organizations of all sizes, stages of maturity, industries, and geographies. Leading organizations around the world are already investing in automated Agile Billing tools, but the overall level of adoption is still relatively modest. The analyst expects the pace of innovation and adoption in this area to accelerate. This will be accompanied by an evolution in Agile Billing systems' capabilities, user perception, and integration between itself and other core enterprise systems such as Payments and e-Commerce, CPQ, CLM, Finance Automation, and Procurement Management and Supply Chain, among others. The analyst believes Agile Billing is an essential ingredient in any digital transformation initiative.
This forecast provides a quantitative estimate of the Total Addressable Market (TAM) for Agile Billing Software from 2022 to 2026. In this report, the analyst addresses the following information and issues: worldwide annual estimates of potential spending and growth rate, detailed geographical breakdowns, economic sectors, analysis of market size based on company size, the impact of the Internet of Things (IoT), Digital Transformation, and company growth and technology spend profiles, among others. Estimates for potential spending on corresponding legacy, on-premise, and hosted software solutions are included, as are estimates for the combined Cloud and legacy market size and growth rate. This analysis is based on the analyst's proprietary Global Analytics Model, a curated database of every publicly listed company in the world with revenues greater than $1 million.
The report analyzes the key market drivers and dynamics that are fueling the growth in Agile Billing investments and details the geographies, sectors and vertical industries that are most impacted.
Key Topics Covered:
- Executive Summary
- About the Analyst
- Introduction, How to Use This Forecast, Key Business & Technology Drivers
- Who Within the Organization Will Be Impacted by Agile Billing Software?
- Benefits & Beneficiaries, Study Scope & Methodology
- Agile Billing Software Total Addressable Market 2022-2026
- Agile Billing Software TAM by Size & Sector
- Agile Billing Software TAM by Geographic Region
- Agile Billing Software TAM Distribution - Top 20 Industries
- Agile Billing Software TAM Distribution - Top 20 Countries
- Agile Billing Commercial Spend vs. Internal Spend
- On-Premises Agile Billing Spend
- Impact of Major Industry Trends
- Appendix A - Definitions
- Appendix B - Representative Suppliers of Agile Billing Software
- Appendix C - Agile Billing Software TAM Study - Scope
- Aria Systems
- Digital River
- Good Sign Solutions
- MPP Global
- Oracle NetSuite
- Sage Intaact
- Zone & Co
For more information about this report visit https://www.researchandmarkets.com/r/6ca6ge
View source version on businesswire.com:https://www.businesswire.com/news/home/20230306005402/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
Copyright Business Wire 2023.
PUB: 03/06/2023 04:14 AM/DISC: 03/06/2023 04:15 AM
Welcome to the discussion.
Internet forum rules ...
Real names required. No pseudonyms or partial names allowed. Stand behind what you post.
Keep it clean. Don't use obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don’t knowingly lie about anyone or anything.
Be nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be brief. Keep posts to 150 words or less.
Edit yourself. No more than two posts per thread and stay on topic. Do not link to sites outside galvnews.com.
Be aware. All posts are property of The Daily News and may be republished in print.
Be proactive. Use the "Report" link on each comment to let us know of rule violations.