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An Entity of Type : http://www.openlinksw.com/ontology/market#MarketSegment, within Data Space : kingsley.idehen.net associated with source document(s)
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http://kingsley.idehen.net/describe/?url=http%3A%2F%2Fkingsley.idehen.net%2FDAV%2Fhome%2Fkidehen%2FPublic%2FLinked%2520Data%2520Documents%2FNanotations%2Fdescribing-subscription-economy-market.ttl%23SubscriptionEconomyMarketSegment

Market for products and services related to Subscription Economy .

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  • Subscription Economy Market Segment
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  • Market for products and services related to Subscription Economy .
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Description
  • The market size for current core cloud-based billing and revenue recognition products was nearly $2.0 billion in 2017 and is expected to be $9.1 billion by 2022, growing at a 35% CAGR, according to MGI Research. Additionally, Gartner estimates that spending on ERP software is expected to reach $40.6 billion by 2021. As ERP systems cannot fully address the needs of companies in the Subscription Economy, we believe we are well-positioned to take a share of this spend as the Subscription Economy continues to grow.
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