Digital Payment Market by Component (Solutions (Payment Processing, Payment Gateway, Payment Wallet, POS Solution, Payment Security and Fraud Management) and Services), Deployment Mode, Organization Size, Vertical and Region – Global Forecast to 2026

2021-12-17
Price :
Published : Dec-2021
No. of Pages : 247

Increasing worldwide initiatives for the promotion of digital and online payments is driving the growth of the global digital payment market

The global digital payment market size is projected to grow from USD 89.1 billion in 2021 to USD 180.4 billion by 2026, at a CAGR of 15.2% during the forecast period. Major growth factors for the market include worldwide initiatives for the promotion of digital payments, high proliferation of smartphones enabling mCommerce growth, increase in eCommerce sales, and growth in internet penetration.

By deployment type, cloud segment to grow at the highest CAGR during the forecast period

Several vendors in the market offer payment solutions through the public and private cloud. Cloud-based payment solutions are available in various subscriptions and pay-per-use models. These solutions empower businesses to invest in payment technologies according to their specific requirements. The cloud-based deployment of digital payment software is gaining traction among SMEs, as cloud-based deployment helps SMEs avoid upfront costs associated with hardware, software, storage, and technical staff.

By region, Asia Pacific (APAC) to grow at the highest growth rate during the forecast period

APAC is at the forefront to adopt digital payment solutions due to the increased smartphone penetration and internet connectivity in this region that provides digital payment solution providers with an opportunity to launch advanced digital payment services. The rapid eCommerce adoption also contributes to the increased use of digital payment solutions. The adoption of digital payment solutions has helped bridge economic opportunities and drive financial inclusion in APAC. APAC consumers prefer the equal measures of seamless and security in all the aspects of their digital payment transactions. The growing retail market in the region has enabled global digital payment solution providers to focus more in this region for providing advanced solutions.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the digital payment market.

The breakup of the profiles of the primary participants is given below:

  • By Company: Tier 1 – 30%, Tier 2 – 45%, and Tier 3 – 25%
  • By Designation: C-Level – 40% Directors – 35%, and Others –25%
  • By Region: North America – 35%, Europe – 20%, APAC – 35%, and RoW – 10%

Major vendors in the global digital payment market include PayPal (US), Fiserv (US), FIS (US), Global Payments (US), Square (US), Stripe (US), VISA (US), Mastercard (US), Worldline (France), Adyen (Netherlands), ACI Worldline (US), Temenos (Switzerland), PayU (Netherlands), Apple Pay (US), JP Morgan Chase  (US), WEX (US), Fleetcor(US), DUE (US), PayTrace (US), FattMerchant (US), 2Checkout now Verifone(US), Spreedly (US), Dwolla (US), Braintree(US), Clover(US), OneWay Group(US), Stax by Fattmerchant(US), and EBANX (Brazil). The digital payment market study includes an in-depth competitive analysis of these key players, along with their profiles, recent developments, and key market strategies.

Research coverage:

The market study covers the digital payment market size across different segments. It aims at estimating the market size and the growth potential across different segments, by component, deployment type, organization size, vertical, and region. The study further includes an in-depth competitive analysis of the leading market players, along with their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key benefits of buying the report:

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global digital payment market and its sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Filed in: Information Technology, Software and Services
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Field Activity Management Market by Component (Solution and Services (Consulting, Integration, and training and support)), Deployment Mode, Organization Size, Vertical (Telecom, Energy and Utilities, and Government) and Region – Global Forecast to 2026

The growing adoption for mobile workforce and mobile applications and increased adoption of cloud-based field activity management solutions is expected to drive the overall growth of the Field activity management market across the globe. MarketsandMarkets forecasts the global Field activity management Market size to grow from USD 1.0 Billion in 2021 to USD 2.2 Billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.4% during the forecast period. The presence of various key players in the ecosystem has led to competitive and diverse market. Field activity management is the practice of managing field activities, including physical assets, associated workforce, and equipment using software, workflows, and communication solutions. Field activity management solution consolidates and c......
$4950

Push to Talk Market by Component (Hardware, Solutions, and Services), Network type (LMR and Cellular), Organization Size (SMEs and Large Enterprises), Vertical (Public Safety, Government and Defense, Commercial) and Region – Global Forecast to 2026

“The growth of the Push-to-Talk market can be attributed to the growing demand for PoC, transition of LMR system from analog to digital, high speed 5G network for enhancing PTT related operations.” The global Push-to-Talk market size to grow from USD 29.2 billion in 2021 to USD 45.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 9.1 % during the forecast period. Proliferation of rugged and ultra-rugged smartphonesis one of key drivers for Push-to-Talk,Smart and rugged smartphones are specifically built for tough environments. They enable critical communication in real-time and can withstand damages incurred from dropping the device and extreme temperatures in harsh working conditions. These devices increasingly replace existing smartphones and devices, such as barcode s......
$4950

Data Center Interconnect Market by Type (Products, Software, Services), Application (Real-Time Disaster Recovery and Business Continuity, Workload (VM) and Data (Storage) Mobility), End User and Region – Global Forecast to 2026

 “The data center interconnect market smart home market is projected to grow at a CAGR of 10.414.5% during 2021–2026” The data center interconnect market smart home market is projected to grow from  USD 8.6 billion 84.5 billion in 2021 and is projected to reach USD 17.0 billion 138.9 billion by 2026; it is expected to grow at a CAGR of 14.5 % 10.4% from 2021 to 2026. The rising migration to cloud-based solutions, growing borderless nature of global economy coupled with surging consumption of OTT services due to nationwide lockdown imposed on account of COVID-19 is expected to fuel the growth of the data center interconnect industry. The factors such as increasing disposable income of people in developing countries, increasing importance of home monitoring in remote locations,......
$4950

Game-Based Learning Market with COVID-19 Impact, by Component (Solution and Services), Game Type, Deployment Mode (On-premises and Cloud), End User (Education, Governments, Consumers, and Enterprises) and Region – Global Forecast to 2026

The game-based learning market size is expected to grow from USD 11.0 billion in 2021 to USD 29.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 21.9%during the forecast period.Game-based learning market s rapidly gaining acceptance worldwide by schools, colleges, institutions, corporates. It helps to engage learners, motivate them are provide feedbacks. The service segment is expected to grow at a higher rate during the forecast period Service providers offer continuous support and maintenance sessions to users, as and when needed, to resolve business complexities. They also support organizations by helping them gain the expertise required for operating the newly adopted solution. With support and maintenance services, users get a thorough idea about systematic procedur......
$4950

Satellite Antenna Market by Platform (Land fixed, Land mobile, Airborne, Maritime, Space), Antenna Type, Technology (SOTM, SOTP), Component Type (Reflectors, Feed Horns, Feed Networks, Low Noise Converters), Frequency and Region – Forecast to 2026

The satellite antenna market is projected to grow from USD 4.1 billion in 2021 to USD 10.5 billion by 2026, at a CAGR of 20.6%.Satellite antenna equipment is an integral part of the communication in commercial and defense industries. The deployment of low earth orbit (LEO) satellites and constellations of satellites for communication applications has increased their demand across the globe. Other factors driving the market growth include growing demand for Ku- and Ka-band satellites, and the growing fleet of autonomous and connected vehicles used for various applications in the military and commercial sectors, which require customized satellite antennas. The satellite antenna market is dominated by a few globally established players such as Thales Group (France), L3Harris Technologies (......
$4950

Real-time Location Systems Market (RTLS) with Covid-19 impact analysis by Offering (Hardware, Software, Services), Technology, Vertical (Healthcare, Manufacturing, Retail, Education, Govt, Sports), Application Use Case & Region – Global Forecast to 2026

“RTLS market projected to grow at 26.5% CAGR during the forecast period” The RTLS market is estimated to be valued at USD 3.9 billion in 2021 and reach USD 12.7billion by 2026, at a CAGR of 26.5%. The increasing regulations in various industries to improve safety, workflow, and security and increasing popularity of ultra-wideband technology-based RTLS solutions are the key factors that will accelerate the growth of the RTLS market during the forecast period. Likewise, growing need for contact-tracing solutions due to COVID-19 pandemic and growing trend of hybrid RTLS solution are expected to create lucrative opportunities for the players in the RTLS market. However,high cost of installation and maintenance and stringent government rules and regulation are expected to restraint mark......
$4950

Loyalty Management Market by Component (Solutions and Services), Organization Size (Large Enterprises and SMEs), Deployment Type, Operator (B2B and B2C), Vertical, and Region (North America, Europe, APAC, Latin America, MEA) – Global Forecast to 2026

Increasing adoption of omnichannel and advanced technologies to drive the loyalty management market The global loyalty management market size is expected to grow from USD 8.6 billion in 2021 to USD 18.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 16.3% during 2021–2026.The growing need for enhancing customer experience and gaining competitive advantage is a key growth factor for the loyalty management market. However, stringent government regulations may affect the growth of loyalty management market. Customer loyalty is one of the most important factor among organizations offering similar products or services. It provides a crucial product and brand differentiation for organizations when a differentiation through price becomes secondary. Organizations know that loy......
$7150

Lawful Interception Market by Component, Network (Fixed Network, Mobile Network), Network Technology Type, Communication Content, Mediation Device, Type of Interception, End User (Lawful Enforcement Agencies, Government) & Region – Global Forecast to 2026

“Rise in cybercrimes in the time of digitalization is driving the growth of Lawful Interception Market across the globe” MarketsandMarkets forecasts the global Lawful Interception Market size is expected to grow USD 3.5 billion in 2021 to USD 12.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 29.3% during the forecast period. The rise in dissident activities and terrorism has shown significant growth in the Lawful Interception Market across the globe. Lawful interception is the legally sanctioned official access to private communications, such as telephone calls or email messages. It is a security process that enables LEA and government agencies to perform electronic surveillance on an individual authorized by judicial or administrative order. To implement the lawfu......
$4950

Speech Analytics Market by Component (Solutions and Services), Application (Risk & Compliance Management, Sentiment Analysis), Organization Size, Deployment Mode (Cloud, On-premises), Vertical and Region – Global Forecast to 2026

“Increasing need to improve the customer journey and overall experience and growing need to enhance and monitor agent performance are expected to drive the growth of speech analytics market. Moreover rising need to predict customer intent and behavior, and use of AI- and ML-based technologies to facilitate real-time actionable customer insights would provide opportunities for the growth of Speech Analytics market across the globe.“ The global Speech Analytics market size to grow from USD 1.8 billion in 2021 to USD 4.5 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.5% during the forecast period. Various factors such as the growing demand for monitoring and improving agent performance and the increasing demand for voice authentication in mobile banking applications dur......
$4950

Streaming Analytics Market with COVID-19 Impact Analysis, by Component, Application (Supply Chain Management, Sales & Marketing, and Fraud Detection), Industry Vertical, Deployment Mode, Organization Size, and Region – Global Forecast to 2026

The Streaming analytics size is projected to grow from USD 15.4 billion in 2021 to 50.1 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 26.5% during the forecast period. The Streaming analytics industry is driven increased digitalization and emerging technologies such as big data, IoT, and AI to drive the market growth. However, Strategic shift toward accurate real-time forecasts and rising data connectivity through hybrid and multi-cloud environments further contributes to the growth of the Streaming analytics market. Based on Component, the service segment is expected to grow at a higher CAGR during the forecast period The service segment of the Streaming analytics market is further segmented into professional services (support and maintenance, and deployment and i......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy