Digital Payment Market By Offering, By Transaction Type, By Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Digital Payment Market," The digital payment market was valued at $95.5 trillion in 2022, and is estimated to reach $457753.5 billion by 2032, growing at a CAGR of 17.2% from 2023 to 2032.

With evolving technologies, smartphones are increasingly available at reasonable prices and are being affordable for customers, which promote growth of the digital payment market. In addition, massive adoption of online payment for online shopping and development of the payments industry drives the digital payment market growth. Further, a wider audience can benefit from the convenience of digital payments as more people have access to mobile devices and dependable internet. Furthermore, the increasing focus on financial inclusion has been crucial. Digital payment systems offer a competitive alternative in places where access to traditional banking infrastructure is constrained. With the rise of e-commerce and online shopping, customers' expectations for speedy and secure transactions have grown, driving up demand for digital payment solutions. Government initiatives promoting a paperless environment and the adoption of digital payment methods by several sectors of the economy, including healthcare and transportation, have also contributed to the market's expansion. Because of enhanced security measures and the development of cutting-edge technologies like contactless payments and mobile wallets, which have raised acceptance and use, users today feel more confident. In general, the digital payment market is being driven ahead by the confluence of strategic initiatives from the public and commercial sectors, shifting consumer preferences, and technology improvements. However, expensive & geo-locational preference of payment gateways and rise in data breaches and security issues while conducting payments are some of the factors that hamper the market growth. On the contrary, payment industry is introducing a gradual shift toward a digital economy across several countries. In addition, surge in adoption of digital payment across emerging economies and rapid technological advancements in payments sector are expected to provide lucrative opportunities for the market growth in the coming years.

The digital payment market is segmented into offering, transaction type, industry vertical, and region. By offering, the market is differentiated into solution and service. Depending on the transaction type, it is fragmented into domestic and cross border. The industry vertical segment is segmented into BFSI, IT and telecom, healthcare, retail & e-commerce, media & entertainment, transportation, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The digital payment market analysis includes top companies operating in the market such as Paypal Holdings Inc., Adeyn N.V., Fiserv, Inc., ACI Worldwide, Stripe, Inc., Mastercard Incorporated, Temenos AG, FIS Global, Visa, Inc., and PayU. These players have adopted various strategies to increase their market penetration and strengthen their position in the digital payment industry.

KEY BENEFITS FOR STAKEHOLDERS

The study provides in-depth analysis of the global digital payment market along with the current trends and future estimations to illustrate the imminent investment pockets.
Information about key drivers, restrains, & opportunities and their impact analysis on the global digital payment market size are provided in the report.
The Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global digital payment market from 2022 to 2032 is provided to determine the market potential.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

Investment Opportunities
Upcoming/New Entrant by Regions
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Regulatory Guidelines
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Offering

Solution
Service

By Industry Vertical

Transportation
Others
BFSI
IT and Telecom
Healthcare
Retail and E-commerce
Media and Entertainment

By Transaction Type

Domestic
Cross Border

By Region

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Adyen N.V.
Fiserv, Inc.
Stripe, Inc.
Temenos AG
FIS Global
PAYU
PayPal Holdings, Inc.
ACI Worldwide
Mastercard Incorporated.
VISA, INC.

Product Code: A05648

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Increased penetration of smartphones and access to high-speed internet
  - 3.4.1.2. Growth of m-commerce industry
  - 3.4.1.3. Massive adoption of mobile payments for online and retail shopping
- 3.4.2. Restraints
  - 3.4.2.1. Rise in data breach and security issues while conducting payments
- 3.4.3. Opportunities
  - 3.4.3.1. Increase in demand for fast & hassle-free transaction services
  - 3.4.3.2. Rapid digitalization in payments sector

CHAPTER 4: DIGITAL PAYMENT MARKET, BY OFFERING

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Solution
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Service
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Domestic
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Cross Border
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: DIGITAL PAYMENT MARKET, BY INDUSTRY VERTICAL

6.1. Overview
- 6.1.1. Market size and forecast
6.2. BFSI
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. IT and Telecom
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Healthcare
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Retail and E-commerce
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
6.6. Media and Entertainment
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
6.7. Transportation
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
6.8. Others
- 6.8.1. Key market trends, growth factors and opportunities
- 6.8.2. Market size and forecast, by region
- 6.8.3. Market share analysis by country

CHAPTER 7: DIGITAL PAYMENT MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Offering
- 7.2.3. Market size and forecast, by Transaction Type
- 7.2.4. Market size and forecast, by Industry Vertical
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Market size and forecast, by Offering
  - 7.2.5.1.2. Market size and forecast, by Transaction Type
  - 7.2.5.1.3. Market size and forecast, by Industry Vertical
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Market size and forecast, by Offering
  - 7.2.5.2.2. Market size and forecast, by Transaction Type
  - 7.2.5.2.3. Market size and forecast, by Industry Vertical
7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Offering
- 7.3.3. Market size and forecast, by Transaction Type
- 7.3.4. Market size and forecast, by Industry Vertical
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. UK
  - 7.3.5.1.1. Market size and forecast, by Offering
  - 7.3.5.1.2. Market size and forecast, by Transaction Type
  - 7.3.5.1.3. Market size and forecast, by Industry Vertical
  - 7.3.5.2. Germany
  - 7.3.5.2.1. Market size and forecast, by Offering
  - 7.3.5.2.2. Market size and forecast, by Transaction Type
  - 7.3.5.2.3. Market size and forecast, by Industry Vertical
  - 7.3.5.3. France
  - 7.3.5.3.1. Market size and forecast, by Offering
  - 7.3.5.3.2. Market size and forecast, by Transaction Type
  - 7.3.5.3.3. Market size and forecast, by Industry Vertical
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Market size and forecast, by Offering
  - 7.3.5.4.2. Market size and forecast, by Transaction Type
  - 7.3.5.4.3. Market size and forecast, by Industry Vertical
  - 7.3.5.5. Spain
  - 7.3.5.5.1. Market size and forecast, by Offering
  - 7.3.5.5.2. Market size and forecast, by Transaction Type
  - 7.3.5.5.3. Market size and forecast, by Industry Vertical
  - 7.3.5.6. Rest of Europe
  - 7.3.5.6.1. Market size and forecast, by Offering
  - 7.3.5.6.2. Market size and forecast, by Transaction Type
  - 7.3.5.6.3. Market size and forecast, by Industry Vertical
7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Offering
- 7.4.3. Market size and forecast, by Transaction Type
- 7.4.4. Market size and forecast, by Industry Vertical
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Market size and forecast, by Offering
  - 7.4.5.1.2. Market size and forecast, by Transaction Type
  - 7.4.5.1.3. Market size and forecast, by Industry Vertical
  - 7.4.5.2. Japan
  - 7.4.5.2.1. Market size and forecast, by Offering
  - 7.4.5.2.2. Market size and forecast, by Transaction Type
  - 7.4.5.2.3. Market size and forecast, by Industry Vertical
  - 7.4.5.3. India
  - 7.4.5.3.1. Market size and forecast, by Offering
  - 7.4.5.3.2. Market size and forecast, by Transaction Type
  - 7.4.5.3.3. Market size and forecast, by Industry Vertical
  - 7.4.5.4. Australia
  - 7.4.5.4.1. Market size and forecast, by Offering
  - 7.4.5.4.2. Market size and forecast, by Transaction Type
  - 7.4.5.4.3. Market size and forecast, by Industry Vertical
  - 7.4.5.5. South Korea
  - 7.4.5.5.1. Market size and forecast, by Offering
  - 7.4.5.5.2. Market size and forecast, by Transaction Type
  - 7.4.5.5.3. Market size and forecast, by Industry Vertical
  - 7.4.5.6. Rest of Asia-Pacific
  - 7.4.5.6.1. Market size and forecast, by Offering
  - 7.4.5.6.2. Market size and forecast, by Transaction Type
  - 7.4.5.6.3. Market size and forecast, by Industry Vertical
7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Offering
- 7.5.3. Market size and forecast, by Transaction Type
- 7.5.4. Market size and forecast, by Industry Vertical
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Market size and forecast, by Offering
  - 7.5.5.1.2. Market size and forecast, by Transaction Type
  - 7.5.5.1.3. Market size and forecast, by Industry Vertical
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Market size and forecast, by Offering
  - 7.5.5.2.2. Market size and forecast, by Transaction Type
  - 7.5.5.2.3. Market size and forecast, by Industry Vertical
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Market size and forecast, by Offering
  - 7.5.5.3.2. Market size and forecast, by Transaction Type
  - 7.5.5.3.3. Market size and forecast, by Industry Vertical

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product mapping of top 10 player
8.4. Competitive dashboard
8.5. Competitive heatmap
8.6. Top player positioning, 2022

CHAPTER 9: COMPANY PROFILES

9.1. PayPal Holdings, Inc.
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
9.2. Adyen N.V.
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
9.3. Fiserv, Inc.
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
9.4. VISA, INC.
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
9.5. ACI Worldwide
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Stripe, Inc.
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Key strategic moves and developments
9.7. Mastercard Incorporated.
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.7.7. Key strategic moves and developments
9.8. Temenos AG
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
9.9. PAYU
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Key strategic moves and developments
9.10. FIS Global
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Key strategic moves and developments