If you follow the growth curve of online businesses over the past decade, you will find that for subscription-based businesses, it has spiked noticeably. According to a recent report by Statista, the U.S. OTT access revenue is projected to reach US$ 88 Billion by 2026 with the Netflix’s subscriber base set to reach 182 Million …
Recurring billing or Subscription billing has seen tremendous growth in the past decade. People prefer to pay a small amount monthly rather than spending a massive amount at once. The idea of recurring billing is derived from the recurring deposit(RD) that banks offer in some countries. Much like the RD, recurring billing also comes …
The billing system has gone through a tremendous amount of evolution starting from manual to automated. Billing being a necessity irrespective of the type of business, garnered enough attention to make it more convenient, error-free, fast, and flexible. As a result, the automated billing system came into play. We are living in an era, …
Subscription churn is the rate at which a subscription company loses its subscribers. Starting from small to the leading OTT platforms, subscription churn happens to almost all digital service providers- more or less! A recent statistics says that the U.S. companies lose over US$ 135 Billion per year on an average due to the …
As the world is moving towards digitization, the rate of cyber attacks is also growing significantly. More often than not, these attacks are made on the billing feature of any website. This is done mainly through phishing or malware attacks. However, to prevent these invaders, every business should have security features on their website. …
Managing customers or subscribers of a subscription-based business is not an easy task. This gets even more complicated when you grow. According to a survey, recurring billing management has been one of the significant challenges among SaaS startups. While the lack of knowledge of recurring billing dynamics has only fueled the challenge, entrepreneurs often …
Price, convenience, and personalization are the three primary reasons; subscription business models have gained popularity in recent years. According to Gartner, all new software entrants and 80% of historical vendors have kept SaaS options in their business model to avoid losing out on the market traction. From airlines to the hospitality industry to car …
The year 2021 is not going to be ordinary. It will carry the baggage of an active pandemic, a permanent change in consumer spending, and a massive boom in subscription-based businesses. While the former two are beyond control, the latter has opened the stage for cut-throat competition in the subscription billing industry. Because it’s …
COVID-19 and the OTT surge – Enough has been written and told already. The OTT industry is undoubtedly benefiting from the ongoing pandemic, but some trends magnified during the year and are set to control the OTT movement in 2021. If you are into the digital streaming business, here is what you need to keep …
The subscription business has proven to be a boon in these self-quarantining times. With social distancing becoming the newest norm, businesses have realized the importance of “digital-first” and have been foraying into the digital space to sustain. While many businesses have sustained the need of the hour, the prolonged pandemic has become a concern. Because …
