SAN FRANCISCO--(BUSINESS WIRE)--Aria Systems, the leader in helping enterprises grow subscription- and usage-based revenue, today announced the company has been named a Leader in the IDC MarketScape: Worldwide Subscription Management Applications 2019–2020 Vendor Assessment (Doc # US44867519, January, 2020). This is the second time Aria has been recognized as a leader by the IDC MarketScape (Doc # US43172417, November, 2017) and comes on the heels of the company being named a Leader in The Forrester Wave™: SaaS Billing Solutions, Q4 2019 in November 2019.
The IDC MarketScape points out that the need for subscription management solutions has exploded as business models have shifted from selling widgets to service-driven solutions. The vendors covered in the IDC MarketScape report represent the front-runners in the marketplace, processing $112 billion of recurring revenue annually and growing at an average of 54 percent in 2019.
According to the report, customers “highly praised Aria Systems’ value for the price paid” and said that the product was “solid, scalable and reported no unscheduled downtime.” Customers also cited the agility of Aria’s business model as a strength, including the company’s attribute-based pricing catalog, loyalty point support, near real-time rating and subscription change management. Finally, the report notes that the Aria platform has features and initiatives that make it built for the future and is unique in offering support of deployment across both AWS and Azure platforms.
The IDC MarketScape is the Information and Communications Technology (ICT) industry’s premier vendor assessment tool, providing in-depth quantitative and qualitative technology market assessments of ICT vendors for a wide range of technology markets.
“We are honored to once again be named a Leader in the IDC MarketScape, the latest significant accolade for our cloud billing platform,” said Tom Dibble, President & CEO, Aria Systems. “It is evident that analysts and our customers alike recognize the value of our platform and understand the direct connection between a modern, flexible and scalable billing system and the ability to accelerate growth through recurring revenue business models. With our track record of delivering success for large enterprise customers like Comcast, Adobe and Telstra, along with our record performance in 2019, we look forward to accelerating growth in 2020.”
For more details, download an excerpt of the IDC MarketScape: Worldwide Subscription Management Applications 2019–2020 Vendor Assessment here.
About Aria Systems
Aria Systems’ cloud-based monetization platform is the analysts’ choice, top ranked by leading research firms. Innovative enterprises like Adobe, Audi, Allstate, Comcast and Telstra depend on Aria to accelerate time to market and increase flexibility, enabling them to maximize customer value and grow recurring revenue through subscription- and usage-based offerings. For more information, visit www.ariasystems.com.
About IDC MarketScape
IDC MarketScape’s vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within 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. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.