Recurring Payments: Key Opportunities, Payment Methods & Market Forecasts 2023-2027

The new Recurring Payments research report provides an independent analysis of the future trajectory of this dynamic market, with the subscription economy and digital transformation within traditional recurring payments driving change. It analyses how the way these subscription payments and other recurring payments are made and handled is changing, including how billing platforms are increasingly using API (Application Programming Interface)‑driven digital platforms and changing payment models. It also examines how these models will change over time; influencing the way payment processors operate. The research presents the ways in which improving payments made on an ongoing basis can increase customer retention and facilitate the billing process, including managing late payments and handling different billing cycles. It also presents insightful 5-year forecasts for the market, including the number of subscription services & billing arrangements involving recurring payments, and the spend via recurring payments. These metrics are split by recurring payment type (entertainment subscription, utilities, mortgage & rent, and other). The forecasts are also split by payment method, including the following:

• Bill Pay
• Card Payments
• Digital Wallets
• Direct Debit
• Open Banking

The recurring payments report positions 20 key market players in the Competitor Leaderboard; providing an invaluable resource for stakeholders seeking to understand the competitive landscape in this highly varied and complex market.

Key Statistics

• $13.2tn - Market size in 2023
• $15.4tn - Market size in 2027
• 17% - 2023 to 2027 market growth
• 2023-2027 - Forecast period

Key Features

Market Dynamics: Provides a detailed assessment of market drivers and the key market trends within the recurring payments market, as well as an in-depth evaluation of the future growth of the market and readiness for further disruption. This enables readers to understand the critical innovations driving this market forward.

Key Takeaways & Strategic Recommendations: Featuring major opportunities and crucial factors for recurring payments platforms highlighted across the landscape; making for important reading for key stakeholders, including payment providers, payment gateways and payment processors.

Competitor Leaderboard: Key player capability and capacity assessment for 20 recurring payments platform providers; positioning them as either established leaders, leading challengers, or disruptors and challengers. Our Competitor Leaderboard scores these companies on their size of operations in the space, their extent and breadth of market partnerships, the sophistication of their platforms and the publisher’s view on each company’s innovation and future business prospects. The companies included in the Competitor Leaderboard for recurring payments platforms are:

• Adyen
• Billwerk+
• Braintree
• Chargebee
• ChargeOver
• circurly
• Cloudmore
• FastSpring
• GoCardless
• Maxio
• Mollie
• Ordway
• Paddle
• Recharge
• Recurly
• Sage Intacct
• Stripe
• Verifone
• Zoho
• Zuora

Benchmark Industry Forecasts: 5-year forecasts for the recurring payments market, including the number of subscriptions & billing arrangements involving recurring payments, the number of these which are being handled via the different payment types (direct debit, bill pay, card payments, digital wallets, Open Banking), and the spend via recurring payments (also split by these metrics). Card payments include credit cards, debit cards and prepaid cards. These metrics are also split by recurring payment type (entertainment subscription, utilities, mortgage & rent, other). This data is also split by our 8 key regions and 60 countries as follows:

North America:

• Canada, US

Latin America:

• Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay

West Europe:

• Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK

Central & East Europe:

• Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Turkey, Ukraine

Far East & China:

• China, Hong Kong, Japan, South Korea

Indian Subcontinent:

• Bangladesh, India, Nepal, Pakistan

Rest of Asia Pacific:

• Australia, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Thailand, Vietnam

Africa & Middle East

• Algeria, Egypt, Israel, Kenya, Kuwait, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates

Research Deliverables

• Market Trends & Forecasts PDF Report - A comprehensive analysis of the current market landscape, alongside strategic recommendations and a walk-through of the forecasts.
• Interactive Forecast Excel - Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.
• harvest Online Data Platform - Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.