Zuora Recognized as a Leader in the IDC MarketScape for Subscription Management Applications
Summary
SAN MATEO, Calif.--(BUSINESS WIRE)--Zuora, Inc., (NYSE:ZUO) the leading cloud-based subscription management platform provider, announced today that it was recognized for the second time in a row as a Leader by the IDC MarketScape1. The new IDC MarketScape: Worldwide Subscription Management 2019-2020 Vendor Assessment2 recommends to consider Zuora® when “you need a comprehensive subscription management offering for companies of all sizes and industries.” “The need for these applications has exploded over the past 20 years, as the world has seen a massive change in business models from selling widgets to selling service-driven solutions,” wrote report author Mark Thomason, Research Director for IDC responsible for Digital Business Models and Monetization practice. Additional highlights from the report feature Zuora’s unique platform capabilities that enable customers to: “More than 1,000 of the world’s best companies have chosen Zuora as the mission critical platform to successfully launch subscription services, modernize their legacy billing systems, and transform their entire order-to-cash processes,” said Chris Battles, Chief Product Officer at Zuora. IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared.