Automated Recurring Billing Market Report 2025

The automated recurring billing market size has grown rapidly in recent years. It will grow from $5.86 billion in 2024 to $6.71 billion in 2025 at a compound annual growth rate (CAGR) of 14.5%. The growth during the historic period is driven by rising demand for efficient billing systems, an increased focus on customer retention through automation, growing adoption of cloud-based billing platforms, the need for accurate revenue recognition, and heightened efforts to reduce billing errors and manual processes.

The automated recurring billing market size is expected to see rapid growth in the next few years. It will grow to $11.37 billion in 2029 at a compound annual growth rate (CAGR) of 14.1%. In the forecast period, growth is expected to stem from a broader shift toward digital transformation in billing operations, rising demand for seamless customer experiences, expansion of e-commerce and online services, increased preference for personalized and usage-based billing models, and the need for scalable billing solutions. Key trends during this period include advancements in AI-powered billing automation, innovations in usage-based and hybrid billing models, development of mobile-first billing solutions, progress in cloud-native billing infrastructure, and innovations in real-time invoicing and analytics.

The growth of e-commerce is expected to drive the expansion of the automated recurring billing market in the coming years. E-commerce involves buying and selling products or services online via websites or apps. Its growth is fueled by increased smartphone usage and internet access, which make online shopping more convenient and accessible for consumers at any time and place. Automated recurring billing allows merchants to automatically charge customers at regular intervals for subscription-based products or services, ensuring smooth payment processes and continuity. For example, according to the US Census Bureau, e-commerce sales in the US grew by 7.6% between the third quarter of 2022 and the third quarter of 2023. Consequently, the rise in e-commerce is supporting the growth of the automated recurring billing market.

Key players in the automated recurring billing market are focusing on innovations such as real-time consumption analytics, which provide immediate insights into customer usage, enable dynamic billing adjustments, and support personalized pricing strategies to boost customer satisfaction and revenue. Real-time consumption analytics involves instant tracking and analysis of customer usage data, allowing for accurate billing and timely decision-making based on up-to-date information. For instance, in January 2023, Zuora, Inc., a US-based software company, launched a billing and revenue recognition solution designed specifically for consumption-based business models. This solution enables businesses to implement flexible pricing while complying with ASC 606 and IFRS 15 standards. It helps companies improve customer retention and subscriber growth by offering real-time visibility, usage-based pricing models, and automated revenue recognition, while also empowering finance teams to better forecast revenue and manage risks from unpredictable consumption patterns.

In April 2024, Zuora Inc. acquired Togai, a US-based provider of automated recurring billing software, for an undisclosed amount. This acquisition strengthens Zuora’s monetization platform by enhancing its support for complex consumption-based billing strategies used by SaaS, IoT, and cloud-based businesses. The move enables Zuora to better serve companies transitioning to usage-based models by offering greater automation, scalability, and billing flexibility.

Major players in the automated recurring billing market are Oracle Corporation, SAP SE, PayPal Holdings Inc., Salesforce Inc., Intuit Inc., Zoho Corporation, Sage Group plc, Stripe Inc., Razorpay Software Private Limited, Zuora, Inc., FreshBooks, GoCardless Ltd., Chargebee Inc., Recurly Inc., Paddle.com Market Limited, Maxio, Aria Systems Inc., Block Inc., BlueSnap Inc., ChargeOver LLC.

North America was the largest region in the automated recurring billing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in automated recurring billing report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automated recurring billing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

Automated recurring billing is a digital payment system that automatically charges customers at set intervals for subscribed products or services. This system eliminates the need for manual invoicing, ensuring timely payments and steady cash flow for businesses. Automated recurring billing enhances customer convenience, lowers administrative effort, reduces payment delays, and supports the expansion of subscription-based business models by providing a smooth and dependable billing process.

The key components of automated recurring billing consist of software and services. Software solutions handle the automated management of recurring billing tasks, including subscription setup, invoice generation, payment processing, and revenue recognition. These solutions offer various deployment options, such as on-premises and cloud-based models, and cater to different customer types including business-to-business (B2B), business-to-consumer (B2C), and direct-to-consumer (DTC). They are utilized by small and medium-sized enterprises as well as large organizations, serving industries such as banking, financial services, and insurance (BFSI), information technology (IT) and telecommunications, healthcare, retail, media and entertainment, and others.

The automated recurring billing market research report is one of a series of new reports that provides automated recurring billing market statistics, including automated recurring billing industry global market size, regional shares, competitors with an automated recurring billing market share, detailed automated recurring billing market segments, market trends and opportunities, and any further data you may need to thrive in the automated recurring billing industry. This automated recurring billing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automated recurring billing market consists of revenues earned by entities by providing services such as automated invoice generation, recurring payment processing, dunning management for failed transactions, multi-currency and global billing support, and tax calculation and compliance services. The market value includes the value of related goods sold by the service provider or included within the service offering. The automated recurring billing market also includes sales of subscription analytics tools, dunning management tools, and fraud detection and payment risk tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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