Zuora, Inc., a leading monetization platform provider for recurring revenue businesses, announced that it has been recognized for the third time as a Leader by the IDC MarketScape1. The new IDC MarketScape: Worldwide Enterprise-Focused Subscription and Usage Management Applications 2022 Vendor Assessment2 recommends Zuora® if you need “a comprehensive and enterprise-grade subscription and usage revenue management solution to intelligently automate the quote-to-revenue process.”
The IDC MarketScape recognized Zuora’s strengths, including its platform maturity and business model agility, as well as strong pricing capabilities. Customers interviewed by IDC also said that they were “very confident” that Zuora would be their subscription and usage management vendor of choice for the future.
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“This recognition by the IDC MarketScape is a testament to our leadership, technology and expertise to help enterprises transform and accelerate recurring revenue.”
“We expect Zuora will continue to be a subscription and usage management vendor of choice for its customers,” said report author Mark Thomason, Research Director for IDC responsible for the Digital Business Models and Monetization practice. “Zuora’s consistent momentum of innovation in AI and scaling capabilities is helping its customers manage recurring revenue in the enterprise. Zuora does a great job of understanding customer needs and responding with thoughtful features that are easy to use.”
According to the IDC MarketScape, through Zuora’s broad feature set, customers have the ability to enable recurring business models at enterprise scale. The report also highlighted that Zuora customers loved being able to have “a comprehensive set of collections and churn management features backed by analytics to ensure revenue stays on track.”
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“We’re constantly innovating at Zuora to help our customers better nurture and monetize subscriber relationships across the entire quote to cash and revenue recognition process at scale,” said Sri Srinivasan, Chief Product and Engineering Officer at Zuora. “This recognition by the IDC MarketScape is a testament to our leadership, technology and expertise to help enterprises transform and accelerate recurring revenue.”
The report analyzed the subscription management service provider market and identified 12 key companies within that sector to assess. The report’s evaluation is based on interviews with vendors, publicly available information and end-user experience in order to provide a consistent assessment of each vendor.