Subscription and recurring payment models have seen are gaining popularity due to advancement in technology and changing consumer preferences. As internet and smartphone penetration increases globally, more companies are adopting subscription/recurring models to offer digital services and products to customers. This ongoing shift away from once-off purchases to ongoing subscription relationships has benefited both businesses and consumers. For businesses, recurring payments provide predictable cashflows and opportunities for cross-selling/upselling of additional products/services. Meanwhile, subscribers value the convenience of automatic renewal and access to ongoing services/content without hassle. This emerging "subscribe economy" continues to disrupt traditional retail models across various industries from software to media and more.

 Market Dynamics:

Global subscription and recurring payment market growth is driven by growing digital transformation of businesses, increased adoption of streaming services, and consumer demand for convenience. However, data privacy concerns and subscription fatigue pose challenges. Rising smartphone users coupled with proliferation of app stores provide an avenue to attract new customers. Meanwhile, innovative bundled offerings and personalized recommendation engines help to boost retention rates and average order values. Furthermore, collaboration among companies to offer unified subscription platforms presents opportunities to consolidate billing and expand reach. However, personalized marketing initiatives may be hampered by restrictive rules relating to the data of subscribers. Due to the fact that digital natives are becoming more and more a large proportion of the total population, dependence on regular service models is projected to increase.

Key features of the study:

• This report provides in-depth analysis of the global subscription and recurring payment  market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global subscription and recurring payment market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include PayPal, Stripe, Square, Recurly, Chargify, Zuora, FattMerchant, Payment Depot, PaymentEvolution, FastSpring, Chargebee, Spreedly, ChargeOver, Chargent, Vindicia, Razorpay, Cashfree, CCAvenue, and BillDesk
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global subscription and recurring payment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global subscription and recurring payment market

Detailed Segmentation:

• Global Subscription and Recurring Payment Market, By Type:
• • Fixed Pricing Model
  • Variable Pricing Model
• Global Subscription and Recurring Payment Market, By Component:
• • Services
  • Payment Platform
• Global Subscription and Recurring Payment Market, By End-User:
• • Media & Entertainment 
  • BFSI
  • Healthcare
  • Telecom & IT
  • Government and Education
  • Retail
  • Others
• Global Subscription and Recurring Payment Market, By Region:
• • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profile:
• • PayPal
  • Stripe
  • Square
  • Recurly
  • Chargify
  • Zuora
  • FattMerchant
  • Payment Depot
  • PaymentEvolution
  • FastSpring
  • Chargebee
  • Spreedly
  • ChargeOver
  • Chargent
  • Vindicia
  • Chargify
  • Razorpay
  • Cashfree
  • CCAvenue
  • BillDesk