Digital Payment Market Report Overview:
Maximize Market Research published reports that help clients to understand the landscape of the Digital Payment Industry that the client is competing in. The report gives insights about the market to help clients understand the demand for their product in the future and how competitive the Digital Payment is likely to be. The Digital Payment market overview gives thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc.
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Digital Payment Industry Analysis and Progression:
Digital Payment Market size was valued at USD 92.67 Billion in 2023 and the total Digital Payment revenue is expected to grow at a CAGR of 14.89% from 2024 to 2030, reaching nearly USD 244.86 Billion by 2030.
Digital Payment Market Dynamics:
Governments worldwide are promoting digital payments by using ICT technology and automating payment operations. The Digital Payment Market stands out as a critical engine of national economic growth, with the potential to increase productivity, improve transparency and tax revenue, foster financial inclusion, and provide users with more economic options. The government of India has taken many initiatives to incentivise digital payments, including the Digital India programme, the adoption of the Unified Payments Interface (UPI), and the establishment of the 14444-helpline number, all of which serve as catalysts for the market transition.
Digital Payment Market Scope and Research Methodology:
The purpose of this research is to evaluate and forecast the size of the Technology in Food Services market. It provides strategic profiles of key market companies, providing a realistic picture of the competitive landscape in the global Digital Payment market. This contains a thorough examination of recent developments such as new product introductions, acquisitions, mergers, joint ventures, brand activities, and important players in the Digital Payment business. The research provides insights into industry trends, dynamics, and potentials, helping professionals stay up to date on the current trends and sector performance. This information helps project increase and reduction in Digital Payment market share during the predicted period.
A combination of primary and secondary research methodologies was used to gain a thorough grasp of technology in the food service business. To achieve reliable results, a variety of approaches were used, including PESTLE, PORTER, and SWOT analysis. SWOT analysis was used to identify the strengths, weaknesses, opportunities, and problems of important companies in the Digital Payment business. Furthermore, the application of PORTER and PESTLE analysis enabled for a better knowledge of the microeconomic and macroeconomic issues driving the Digital Payment market.
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Digital Payment Market Segmentation:
by Component
Solution
Service
by Deployment
Cloud
On-premise
Based on deployment, the on-premise category was the market leader in 2023, accounting for approximately 65.0% of worldwide revenue. On-premise digital payment solutions provide organisations with complete control over their apps and systems, which are easily managed by their IT team. Organisations also use on-premise digital payment solutions to safeguard their apps and systems against malicious attacks. Microsoft, for instance, announced a collaboration with ACI Global in November 2019. The collaboration benefited ACI World Wide’s on-premises customers, who saw decreased long-term capital expenditure and increased security.
by Vertical
BFSI
Media & Entertainment
IT & Telecommunication
Hospitality
Healthcare
In terms of end users, the BFSI sector dominated the market in 2023, accounting for more than 23.0% of worldwide revenue. Over the projection period, an increase in remittances to low- and middle-income countries is expected to be one of the key drivers of new market growth opportunities. Banks are expanding their capacity to compete with digital payment solution providers such as Google, Amazon, and Facebook. In June 2019, Bank of America, for example, introduced a digital debit card to make life easier for its customers.
Digital Payment Market Key Players:
North America:
1. Total System Services, Inc.
2. PayPal Holdings Inc
3. ACI Worldwide Inc
4. Dwolla
5. FattMerchant
6. FIS and Fiserv
7. Intuit
8. JPMorgan Chase
9. Square
10. Stripe
11. Visa and Mastercard
Europe:
1. Wirecard AG.
2. Novetti Group Limited
3. Adyen N.V.
4. Aurus
5. Worldline
6. Checkout
Asia Pacific:
1. Lianta Payments
2. Alipay
3. PayU
Global:
1. Apple Pay
2. Paysafe
3. PayTrace
4. Spreedly
5. WEX
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Digital Payment Market Regional Perspectives:
The report is divided into several key countries, each with its own market size, growth rate, import and export of Digital Payment. These countries include North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, the Rest of APAC, South America, Brazil, and the Middle East.
Key Questions Addressed in This Report:
How has the Digital Payment market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Digital Payment market?
What is the regional breakup of the global Digital Payment market?
What are the price trends of various feedstocks in the Digital Payment industry?
What is the structure of the Digital Payment industry and who are the key players?
What are the various unit operations involved in a Digital Payment processing plant?
What is the total size of land required for setting up a Digital Payment processing plant?
What is the layout of a Digital Payment processing plant?
What are the machinery requirements for setting up a Digital Payment processing plant?
What are the raw material requirements for setting up a Digital Payment processing plant?
What are the packaging requirements for setting up a Digital Payment processing plant?
What are the transportation requirements for setting up a Digital Payment processing plant?
What are the utility requirements for setting up a Digital Payment processing plant?
What are the human resource requirements for setting up a Digital Payment processing plant?
What are the infrastructure costs for setting up a Digital Payment processing plant?
What are the capital costs for setting up a Digital Payment processing plant?
What are the operating costs for setting up a Digital Payment processing plant?
What should be the pricing mechanism of the final product?
What will be the income and expenditures for a Digital Payment processing plant?
What is the time required to break even?
What are the profit projections for setting up a Digital Payment processing plant?
What are the key success and risk factors in the Digital Payment industry?
What are the key regulatory procedures and requirements for setting up a Digital Payment processing plant?
What are the key certifications required for setting up a Digital Payment processing plant?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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