Recurring Payments Market Report 2025

This Recurring Payments market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The recurring payments market size has grown strongly in recent years. It will grow from $166.69 billion in 2024 to $182.94 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to increasing concerns about data privacy, increasing adoption of recurring payment models, increasing digitalization of payments, increased adoption of streaming services, and increasing demand for automated billing solutions.

The recurring payments market size is expected to see strong growth in the next few years. It will grow to $262.58 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to the rise of subscription-based business models, the increasing adoption of payment platforms, the increasing preference for convenient and seamless payment methods, the growing digital transformation of businesses, and the rise in online commerce and mobile payments. Major trends in the forecast period include advancements in payment technologies, innovation in security solutions, developing advanced security solutions, technological advancements, integrating digital payment methods, and integrating mobile payment applications.

The rising adoption of subscription-based business models is expected to significantly boost the growth of the recurring payments market. Subscription-based models involve customers paying recurring fees for ongoing access to a product or service. This model is gaining traction due to its ability to provide predictable revenue streams, foster customer loyalty, and offer consumers convenient access to products and services without substantial upfront costs. Recurring payments are crucial for these models as they ensure a steady and predictable revenue flow, reduce administrative overhead related to billing, and enhance customer retention by offering convenience and continuity of service. For example, in February 2022, Whistl UK Ltd, a UK-based shipping company, reported that 81% of people subscribed to at least one service in 2021, up from 65% in 2020, highlighting a significant increase in subscription adoption. This trend is driving the growth of the recurring payments market.

Leading companies in the recurring payments market are developing advanced payment solutions, such as AI-powered recurring payments systems, to enhance transaction efficiency and deliver personalized payment experiences. An AI-powered recurring payments solution utilizes artificial intelligence to automate and optimize recurring transactions, improving efficiency, minimizing errors, and offering customized payment schedules based on customer behavior. For instance, in June 2024, Trustly AB, a Sweden-based consumer banking company, introduced an AI-powered recurring payments solution designed to streamline subscription transactions for merchants. This solution enables businesses to accept recurring payments directly from customers' bank accounts, reducing dependence on traditional payment methods such as cards and direct debits. It features advanced fraud prevention measures, including biometric authorization and verified payment credentials, to ensure transaction security.

In August 2023, Trustly AB acquired SlimPay SA for $75 million. This acquisition aims to enhance Trustly’s capabilities in the European recurring payments market by integrating SlimPay's SEPA direct debit expertise with its account-to-account payment technology. The deal is expected to streamline subscription management, accelerate the rollout of Trustly's new Azura payment engine, and capture a larger market share. SlimPay SA, based in France, specializes in recurring payment and subscription management.

Major companies operating in the recurring payments market are Apple Inc., AT&T Inc., American Express Company, PayPal Holdings Inc., Square Inc., Stripe Inc., Adyen N.V, Klarna Inc., Zoho Corporation Pvt. Ltd., Recurly Inc., Elavon Inc., Odoo S.A., GoCardless, Chargebee Inc., QuickBooks, Zuora Inc., Braintree, Dwolla Inc., BlueSnap, Practice Ignition Pty Ltd., PayStand Inc., FastSpring Inc., Authorize.Net, JustOn GmbH.

North America was the largest region in the recurring payments market in 2024. The regions covered in the recurring payments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the recurring payments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Recurring payments refer to automated transactions where funds are transferred at regular intervals without manual intervention. This system streamlines billing processes, ensuring timely payments for subscriptions, memberships, and services without requiring repeated authorization from the payer.

The main components of recurring payments include services and payment platforms. Recurring payment services facilitate the automatic, scheduled transfer of funds from a customer's account to a merchant's account at regular intervals. This system supports various payment types, including fixed and variable amounts. The end users of these services encompass both business-to-business (B2B) and business-to-consumer (B2C) sectors.

The recurring payments market research report is one of a series of new reports that provides recurring payments market statistics, including industry global market size, regional shares, competitors with a recurring payments market share, detailed recurring payments market segments, market trends and opportunities, and any further data you may need to thrive in the recurring payments industry. This recurring payments market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The recurring payments market includes revenues earned by entities by providing services such as subscription services, automated invoicing, insurance premiums, financial services, online retail, and reporting and analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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