An erudite analysis of global Recurring Payments Market has been recently added by Absolute Markets Insights to its comprehensive repository. The market study report is inclusive of present market scenarios, historical records, and future predictions. An accurate data of several market aspects such as type, size, application, and end user are included in the report for providing extensive business knowledge to readers. Moreover, the study provides a 360-degree overview of the competitive landscape of the industries. The report thus helps companies to gauge the threats and challenges faced by businesses.

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Europe recurring payments market was valued at US$ 5899.33 million in 2020 and is expected to reach US$ 28395.84 million by 2029, growing at a CAGR of 21.7% over the forecast period. More companies in the world are embracing business models focused on subscription and recurring payments. The advantages of a subscription model are stable cash flow, consistent growth and inventory management, lower consumer acquisition costs, and lower retention costs. Subscriptions and ongoing payment-based business models, however, are a highly efficient way to do business for a generation that increasingly tends to subscribe to a product rather than purchase the product. On the B2B side, with brands like Microsoft, Google and Amazon Web Services already providing a subscription model to buy platforms and tools. In the world of e-commerce, recurring payments are getting recognized heavily. Subscription fees ease the whole process of billing and also give the consumers a flawless checkout experience.

The detailed research study provides qualitative and quantitative analysis of recurring payments market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Key Findings of the Report:

• The solutions segment will have a dominant position in the market, streaming providers are the major end users of these solutions. The market is witnessing a huge growth due to increased focus of consumers towards recurring payment models.
• North America region will see a huge growth in recurring payments over the forecast period, United States will see a huge growth in the adoption of recurring payment solutions by various industry verticals. The adoption of these payment solutions by the entertainment industry has increased a lot and this trend will continue in the years to come.
• The major players operating in the market include Adelante, Adyen, Aria Systems, Inc., CHARGEBEE INC., Clover Network, Inc., Elavon Financial Services DAC, Nuvei, Square, Inc., Stripe, Vindicia, Inc., Visa (CyberSource), Worldline, Zoho Corporation Pvt. Ltd., ARVATO INFOSCORE GMBH and other market participants.

Recurring Payments Market:

By Offerings

• Solutions
• Services

By Organization Size

• Small and Medium Sized Enterprises
• Large Enterprises

By Industry Verticals

• IT and Telecommunications
• Banking, Financial Services and Insurance (BFSI)
• Retail and Consumer Goods
• Healthcare
• Travel and Hospitality
• Energy and Utilities
• Others

By Geography

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America

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