Overview
The subscriptions economy has become a growth segment of the U.S. services economy. While subscriptions go back many years, it’s been the digitization of commerce and consumer purchase behavior that now drives the subscriptions market. Through 2022, online subscriptions will find higher growth due to continued consumer popularity of streaming services and software. Payments firms, including ISVs, merchant acquirers, and payment gateways, must understand the subscription management requirements of sellers and key trends that are driving market growth. A new research report from Mercator Advisory Group, Subscription Economy Accelerates as Stay-At-Home Lifestyle Spurs Demand, sizes up the U.S. online subscriptions market and its future direction.
“Video and music streaming has led the rapid growth of online subscription services for stay-at-home households during 2020. Online subscriptions have become a growth area within e-commerce and will continue in the foreseeable future. Bundled subscriptions prove to be a winning marketing strategy for the leading industry players such as Amazon and Apple and consumers have responded enthusiastically,” commented Raymond Pucci, Director, Merchant Services Practice at Mercator Advisory Group, the author of this report.
This report is 15 pages long and has 7 exhibits.
Companies and other organizations mentioned in this report: Adyen, Amazon, American Express, Apple, Barnes & Noble, BJ’s Wholesale Club, Blue Apron, Chargebee, Chargify, Citibank, Comenity, Costco, Disney, Elavon, FIS, Fiserv, Global Payments, Mastercard, Netflix, PayPal, Recurly, RH, Sam’s Club, Spreedly, Spotify, Starbucks, Synchrony, Visa, Walgreens, Walmart, Wayfair, Whole Foods, Zuora.
One of the exhibits included in this report:
Highlights of this research report include:
- Leading providers of subscription services
- Various segments of subscriptions market
- How bundled subscriptions expand users and spending
- Primary data results of consumer adoption and satisfaction with subscriptions
- Market forecast U.S. online and box-of-the-month subscriptions
- Key components of subscription management services
Learn More About This Report & Javelin
Related content
Embedded Finance: What Do Merchants Want?
Software companies are fast becoming a source of financial services for small- and medium-sized businesses, and this brings up a host of questions for banks and software companies ...
How Recurring Payments Through Subscriptions Drive Business Growth
Subscriptions are flourishing, in line with rising generations of consumers who value accessibility to services over the ownership of things. With those subscriptions come recurrin...
Visa and Mastercard Settle With Merchants: What Does It Mean?
The recent settlement of a class-action lawsuit pitting merchants against card networks Mastercard and Visa is attention-getting, not least of all for the $30 billion price tag. Me...
Make informed decisions in a digital financial world