Global Digital Payment Solutions Market Size study, by Type (Payment Gateway Solution, Payment Wallet Solutions, Payment Processing Solutions, Payment Security & Fraud Management Solutions, POS Solutions, Other), by Application (MNOs, Financial Institutions, Payment Network, Intermediaries, Merchants, Customers) and Regional Forecasts 2018-2025
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Product Code:
RP-ID-10073235 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
200 -
Category:
ICT & Telecom -
Publisher:
Pub-ID-14
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
Translate Report
Global Digital Payment Solutions Market to reach USD XX billion by 2025.
Global Digital Payment Solutions Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Digital Payment Solutions Market is continuously growing on surging trend in the global scenario. Digital payment is a system which is used for paying money or money’s worth for goods and services electronically instead of using cash or cheque. In simple words, paying via dedicated apps for the purchase of any product online. Growing adoption of technology in digital payment solution and seamless integration of payment solutions are the key driving factors which are exerting positive influence on the growth of market. In addition, increasing usage of smartphones and rising development of e-commerce are also propelling the demand of digital payment solution. Furthermore, increasing internet penetration across the world is generating numerous opportunities in the market over the coming years. Moreover, digital payment solution is safe and secure to use, they are convenient to handle, it is easy to access , it involves lower risk of loss and theft and time saving process. It is also available 24/7 hours which is major benefit of digital payment solution. These benefit are also boosting the demand of digital payment solution among the users over the coming years. However, data security & privacy concerns and additional charges on making digital payment are the factors which are limiting the market demand of digital payment solution across the globe.
The regional analysis of Global Digital Payment Solutions Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to growing presence of a large number of digital payment solution providers and expansion of mobile commerce industry in the region. Europe is also contributing satisfactory growth in the global Digital Payment Solutions market. Asia-Pacific is also anticipated to exhibit higher growth rate/CAGR over the forecast period 2018-2025 due to increasing adoption of internet and rising e-commerce industry in developing countries such as India and China.
The major market player included in this report are:
• First Data
• World Pay
• Chetu
• Paypal
• Wirecard
• Fiserv
• Total System Services (TSYS)
• Novatti
• Global Payments
• Bluesnap
• ACI Worldwide
• Paysafe
• Six Payment Services
• Worldline
• Wex
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
 Payment Gateway Solution
 Payment Wallet Solutions
 Payment Processing Solutions
 Payment Security & Fraud Management Solutions
 POS Solutions
 Other
By Application:
 MNOs
 Financial Institutions
 Payment Network
 Intermediaries
 Merchants
 Customers
By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Digital Payment Solutions Market in Market Study:
 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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World Pay
Chetu
Paypal
Wirecard
Fiserv
Total System Services (TSYS)
Novatti
Global Payments
Bluesnap
ACI Worldwide
Paysafe
Six Payment Services
Worldline
Wex