ARM market is expected to reach over $8 billion by 2026, predicts MGI
REDWOOD CITY, Calif. -- (Business Wire)
Zuora, Inc. (NYSE: ZUO), the leading cloud-based subscription management platform provider, today announced MGI Research (MGI) has ranked Zuora Revenue in first place across Product and Strategy for Automated Revenue Management (ARM) in the MGI 360(TM) Ratings and the MGI Buyer's Guide - Market Ratings Report. Zuora Revenue also maintains a Positive Analyst Outlook from MGI.
Zuora(TM), which powers the full quote to cash and revenue recognition process, has received industry recognition for both its billing and revenue offerings. Zuora Billing is in the strongest position in the Leaders quadrant of the IDC MarketScape: Worldwide Subscription Management Applications1.
MGI Research predicts the ARM market will reach $8.17 billion by 20262. As businesses unlock new revenue streams with a variety of subscriptions, consumption-based and one-time pricing models, the financial close process becomes increasingly complex. Zuora Revenue enables companies to automatically recognize, reconcile and analyze their revenue to close the books up to 50% faster.
Zuora Revenue received top rankings from MGI across:
Product: MGI recognized Zuora Revenue as the leading choice for the enterprise.
Strategy: Zuora Revenue was highlighted for its expanding vision both in functionality and in market reach within the ARM space.
"Diversifying and expanding business models provides new monetization opportunities for companies, but it also makes automating revenue recognition even more critical given new complexities," said Karthik Ramamoorthy, GM & VP of Products at Zuora. "Zuora is honored to be recognized by MGI for Zuora Revenue as we continue to innovate for enterprises' sophisticated needs."
By powering revenue recognition for any business model, from subscription to one-time, and consumption-based services, Zuora Revenue enables businesses to manage the entire quote to cash and revenue recognition process, even with frequent changes.
"The combination of Zuora Billing and Zuora Revenue was essential as our product configurations became more complex with new packages and pricing options," said Warren Washington, Finance Operations Director at BigCommerce. "Now with Zuora's complete quote to cash and revenue recognition solution, we have the agility to quickly roll out new bundles with ease."
"With deep revenue automation domain expertise, Zuora Revenue continues to be a top choice within the ARM space," said Andrew Dailey, Co-Founder and Managing Director at MGI Research. "We've now seen Zuora Revenue succeed across a growing number of industries, and look forward to seeing a broader range of customer sizes and use cases come to fruition."
MGI 360 Ratings provide a comprehensive system for evaluating technology companies. To learn more about Zuora Revenue and the ratings, visit here.
About Zuora, Inc.
Zuora provides the leading cloud-based subscription management platform that functions as a system of record for subscription businesses across all industries. Powering the Subscription Economy(TM), the Zuora platform was architected specifically for dynamic, recurring subscription business models, and acts as an intelligent subscription management hub that automates and orchestrates the entire quote to cash and revenue recognition process. Zuora serves more than 1,000 companies around the world, including Box, Ford, Penske Media Corporation, Schneider Electric, Siemens, Xplornet, and Zoom. Headquartered in Silicon Valley, Zuora also operates offices around the world in the U.S., EMEA and APAC. To learn more about the Zuora platform, please visit www.zuora.com.
copyright 2022 Zuora, Inc. All Rights Reserved. Zuora, Subscribed, Subscription Economy, Powering the Subscription Economy, and Subscription Economy Index are trademarks or registered trademarks of Zuora, Inc. Third party trademarks mentioned above are owned by their respective companies.
About MGI Research
MGI Research is an independent industry research and advisory firm focused on disruptive trends in the technology industry. Through subscription research, advisory engagements, industry studies and ratings, MGI Research helps clients identify opportunities for reducing IT costs and minimizing technology risks. MGI Research analysts work closely with user organizations to create practical strategies for new technology initiatives such as mobile, virtualization, SaaS, and cloud computing, and make timely go/no go IT investment decisions. For additional information, to purchase a subscription, or to schedule a confidential consultation, call +1 888 801 3644 or visit mgiresearch.com.
SOURCE: ZUORA FINANCIAL
1 IDC MarketScape, "Worldwide Subscription Management Applications," 2019-2020 Vendor Assessment
2 MGI Research, "MGI Forecasts - ARM Software Global TAM Forecast 2022-2026," March 2022
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Source: Zuora, Inc.
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