This article highlights the growing subscription billing management market, explicitly driven by AI innovations leading to automation within the sector. The projected market growth to US$ 37.36 billion by 2035 underscores the increasing importance of AI-powered automation in managing subscriptions, customer retention, and compliance across various industries, specifically benefiting from cloud scalability.
In Financial Services & Fintech, AI-driven subscription billing management enables more sophisticated pricing models, improved customer lifecycle management, and enhanced fraud detection capabilities. Fintech companies can leverage AI to offer personalized financial products and services through subscription models, while ensuring regulatory compliance and data security.
Businesses operating within the subscription economy can leverage AI-powered billing management systems to automate billing cycles, personalize pricing strategies, predict churn rates, and improve overall customer experience. Implementing AI in this area allows for more efficient resource allocation, reduced manual errors, and better data-driven decision-making, ultimately leading to increased revenue and profitability.