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PUBLISHER: Grand View Research | PRODUCT CODE: 1233146
PUBLISHER: Grand View Research | PRODUCT CODE: 1233146
Payment Processing Solutions Market Size, Share & Trends Analysis Report By Payment Method (Credit Card, Debit Card, E-wallet), By End-use (Hospitality, Retail), By Region, And Segment Forecasts, 2023 - 2030
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Payment Processing Solutions Market Growth & Trends:
The global payment processing solutions market size is expected to reach USD 139.90 billion by 2030, registering a CAGR of 14.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing cashless economy initiatives undertaken by several governments across the globe. With such cashless economy initiatives, the adoption of digital payments has increased, which has created a demand for payment processing solutions.
The increasing e-commerce and online shopping trends across the globe are the major factors driving the growth of the payment processing solution industry. According to OptinMonster, in 2019, almost 93.5% of global internet users purchased products online. In addition, the increasing digitalization across several industries to lower operational costs and expand the boundaries of the business bode well with the market's growth.
The increasing partnerships, collaborations, and launches are further expected to drive the market's growth over the forecast period. For instance, in September 2022, Unicorn Payment, a multi-currency merchant services provider, and online payment processing company, announced the introduction of a new partnership program for web developers across European countries. With the new partnership program, the company enabled European web developers to earn monthly by referring merchants to Unicorn Payment.
The COVID-19 pandemic impacted market growth favorably over the forecast period. The shift in the online purchasing behavior of consumers due to lockdowns during the COVID-19 pandemic opened up new growth opportunities for the market. Furthermore, increasing launches of payment processing solutions during the COVID-19 pandemic led to an increase in the adoption of e-wallets and card payments among consumers resulting in the positive growth of the market.
Payment Processing Solutions Market Report Highlights:
- The growing popularity of smartphones and technological innovation is anticipated to boost the usage of e-wallets across the globe
- As retailers are focusing on diversifying their business operations, they are increasingly embracing wireless and mobile processing technologies for payment processes. This, in turn, is expected to fuel the adoption of payment processing solutions in the retail end-use industry
- Increasing e-commerce sales coupled with the growing internet penetration across the Asia Pacific region is expected to fuel the market growth over the forecast period
Product Code: GVR-4-68038-240-2
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Research Methodology
- 1.4 Research Assumptions
- 1.5 List of Data Sources
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Payment Processing Solutions Industry Outlook
- 3.1 Market Lineage Outlook
- 3.2 Regulatory Scenario
- 3.3 Payment Processing Solution Market - Value Chain Analysis
- 3.4 Payment Processing Solution Market - Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.1.1 Rise in digital payments
- 3.4.1.2 Growth of e-commerce
- 3.4.2 Market restraint/challenge analysis
- 3.4.2.1 Increasing cyberattacks on digital payment solutions
- 3.4.3 Market opportunity analysis
- 3.4.3.1 Scaling technologies such as AI and ML across industries and regions
- 3.4.1 Market driver analysis
- 3.5 Payment Processing Solutions Market- Porter's Five Forces Analysis
- 3.6 Payment Processing Solutions Market - PEST Analysis
- 3.7 COVID-19 Impact on the Payment Processing Solutions Market
Chapter 4 Payment Processing Solutions Payment Method Outlook
- 4.1 Payment Processing Solutions Market Share, By Payment Method, 2022
- 4.2 Credit Card
- 4.2.1 Payment processing solutions credit card market, 2017 - 2030
- 4.3 Debit Card
- 4.3.1 Payment processing solutions debit card market, 2017 - 2030
- 4.4 E-Wallet
- 4.4.1 Payment processing solutions e-wallet market, 2017 - 2030
Chapter 5 Payment Processing Solutions End-use Outlook
- 5.1 Payment Processing Solutions Market Share, By End-use, 2022
- 5.2 Hospitality
- 5.2.1 Payment processing solutions hospitality market, 2017 - 2030
- 5.3 Retail
- 5.3.1 Payment processing solutions retail market, 2017 - 2030
- 5.4 Utilities & Telecommunication
- 5.4.1 Payment processing solutions utilities & telecommunication market, 2017 - 2030
- 5.5 Others
- 5.5.1 Payment processing solutions others market, 2017 - 2030
Chapter 6 Payment Processing Solutions Regional Outlook
- 6.1 Payment Processing Solutions Market Share By Region, 2022
- 6.2 North America
- 6.2.1 North America payment processing market, 2017 - 2030
- 6.2.2 North America payment processing market, by payment method, 2017 - 2030
- 6.2.3 North America payment processing solutions market, by end-use, 2017 - 2030
- 6.2.4 U.S.
- 6.2.4.1 U.S. payment processing solutions market, 2017 - 2030
- 6.2.4.2 U.S. payment processing solutions market, by payment method, 2017 -2030
- 6.2.4.3 U.S. payment processing solutions market, by end-use, 2017 - 2030
- 6.2.5 Canada
- 6.2.5.1 Canada payment processing solutions market, 2017 - 2030
- 6.2.5.2 Canada payment processing solutions market, by payment method, 2017 -2030
- 6.2.5.3 Canada payment processing solutions market, by end-use, 2017 - 2030
- 6.3 Europe
- 6.3.1 Europe payment processing solutions market, 2017 - 2030
- 6.3.2 Europe payment processing solutions market, by payment method, 2017 - 2030
- 6.3.3 Europe payment processing solutions market, by end-use, 2017 - 2030
- 6.3.4 U.K.
- 6.3.4.1 U.K. payment processing solutions market, 2017 - 2030
- 6.3.4.2 U.K. payment processing solutions market, by payment method, 2017 - 2030
- 6.3.4.3 U.K. payment processing solutions market, by end-use, 2017 - 2030
- 6.3.5 Germany
- 6.3.5.1 Germany payment processing solutions market, 2017 - 2030
- 6.3.5.2 Germany payment processing solutions market, by payment method, 2017 - 2030
- 6.3.5.3 Germany payment processing solutions market, by end-use, 2017 - 2030
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific payment processing solutions market, 2017 - 2030
- 6.4.2 Asia Pacific payment processing solutions market, by payment method, 2017 - 2030
- 6.4.3 Asia Pacific payment processing solutions market, by end-use, 2017 - 2030
- 6.4.4 China
- 6.4.4.1 China payment processing solutions market, 2017 - 2030
- 6.4.4.2 China payment processing solutions market, by payment method, 2017 - 2030
- 6.4.4.3 China payment processing solutions market, by end-use, 2017 - 2030
- 6.4.5 Japan
- 6.4.5.1 Japan payment processing solutions market, 2017 - 2030
- 6.4.5.2 Japan payment processing solutions market, by payment method, 2017 - 2030
- 6.4.5.3 Japan payment processing solutions market, by end-use, 2017 - 2030
- 6.4.6 India
- 6.4.6.1 India payment processing solutions market, 2017 - 2030
- 6.4.6.2 India payment processing solutions market, by payment method, 2017 - 2030
- 6.4.6.3 India payment processing solutions market, by end-use, 2017 - 2030
- 6.5 Latin America
- 6.5.1 Latin America payment processing solutions market, 2017 - 2030
- 6.5.2 Latin America payment processing solutions market, by payment method, 2017 - 2030
- 6.5.3 Latin America payment processing solutions market, by end-use, 2017 - 2030
- 6.5.4 Brazil
- 6.5.4.1 Brazil payment processing solutions market, 2017 - 2030
- 6.5.4.2 Brazil payment processing solutions market, by payment method, 2017 - 2030
- 6.5.4.3 Brazil payment processing solutions market, by end-use, 2017 - 2030
- 6.6 MEA
- 6.6.1 MEA payment processing solutions market, 2017 - 2030
- 6.6.2 MEA payment processing solutions market, by payment method, 2017 - 2030
- 6.6.3 MEA payment processing solutions market, by end-use, 2017 - 2030
Chapter 7 Payment Processing Solutions Market Competitive Landscape
- 7.1 Key Market Participants
- 7.1.1 Adyen
- 7.1.2 Alipay
- 7.1.3 Amazon Payments, Inc.
- 7.1.4 Authorize.net (Visa)
- 7.1.5 PayPal Holdings, Inc.
- 7.1.6 PayU
- 7.1.7 The OLB Group, Inc. (SecurePay)
- 7.1.8 Stripe, Inc.
- 7.1.9 Apple Inc. (Apple Pay)
- 7.1.10 Alphabet (Google Pay)
- 7.2 Key Company Market Share Analysis, 2022
- 7.3 Company Categorization/Position Analysis, 2022
- 7.4 Strategic Mapping
- 7.4.1 Expansion
- 7.4.2 Acquisition
- 7.4.3 Collaborations
- 7.4.4 Product/service launch
- 7.4.5 Partnerships
- 7.4.6. Others
Chapter 8 KoL Commentary
- 8.1 KoL Commentary Analysis, 2022
Product Code: GVR-4-68038-240-2
List of Tables
- TABLE 1 Payment processing solutions market - Industry snapshot & key buying criteria, 2017 - 2030
- TABLE 2 Global payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 3 Global payment processing solutions market, by region, 2017 - 2030 (USD Billion)
- TABLE 4 Global payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 5 Global payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 6 Vendor landscape
- TABLE 7 Payment processing solutions market - Key market driver impact
- TABLE 8 Payment processing solutions market - Key market challenge impact
- TABLE 9 Credit card payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 10 Credit card payment processing solutions market, by region, 2017 - 2030 (USD Billion)
- TABLE 11 Debit card payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 12 Debit card payment processing solutions market, by region, 2017 - 2030 (USD Billion)
- TABLE 13 E-wallet payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 14 E-wallet payment processing solutions market, by region, 2017 - 2030 (USD Billion)
- TABLE 15 Payment processing solutions market in hospitality, 2017 - 2030 (USD Billion)
- TABLE 16 Payment processing solutions market in hospitality, by region, 2017 - 2030 (USD Billion)
- TABLE 17 Payment processing solutions market in retail, 2017 - 2030 (USD Billion)
- TABLE 18 Payment processing solutions market in retail, by region, 2017 - 2030 (USD Billion)
- TABLE 19 Payment processing solutions market in utilities & telecommunication, 2017 - 2030 (USD Billion)
- TABLE 20 Payment processing solutions market in utilities & telecommunication, by region, 2017 - 2030 (USD Billion)
- TABLE 21 Payment processing solutions market in other end-use, 2017 - 2030 (USD Billion)
- TABLE 22 Payment processing solutions market in other end-use, by region, 2017 - 2030 (USD Billion)
- TABLE 23 North America payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 24 North America payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 25 North America payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 26 U.S. payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 27 U.S. payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 28 U.S. payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 29 Canada payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 30 Canada payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 31 Canada payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 32 Europe payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 33 Europe payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 34 Europe payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 35 Germany payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 36 Germany payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 37 Germany payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 38 U.K. payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 39 U.K. payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 40 U.K. payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 41 Asia Pacific payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 42 Asia Pacific payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 43 Asia Pacific payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 44 China payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 45 China payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 46 China payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 47 India payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 48 India payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 49 India payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 50 Japan payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 51 Japan payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 52 Japan payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 53 Latin America payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 54 Latin America payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 55 Latin America payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 56 Brazil payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 57 Brazil payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 58 Brazil payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
- TABLE 59 MEA payment processing solutions market, 2017 - 2030 (USD Billion)
- TABLE 60 MEA payment processing solutions market, by payment method, 2017 - 2030 (USD Billion)
- TABLE 61 MEA payment processing solutions market, by end-use, 2017 - 2030 (USD Billion)
List of Figures
- FIG. 1 Market segmentation and scope
- FIG. 2 Global payment processing solutions market, 2017 - 2030 (USD Billion)
- FIG. 3 Payment processing solutions market - Value chain analysis
- FIG. 4 Payment processing solutions market dynamics
- FIG. 5 Key opportunities prioritized
- FIG. 6 Payment processing solutions market - Porter's five forces analysis
- FIG. 7 Payment processing solutions market - Key company market share analysis, 2022
- FIG. 8 Payment processing solutions market - PESTEL analysis
- FIG. 9 Payment processing solutions market, by payment method, 2022
- FIG. 10 Payment processing solutions market, by end-use, 2022
- FIG. 11 Payment processing solutions market, by region, 2022
- FIG. 12 Payment processing solutions market - Regional takeaways
- FIG. 13 North America payment processing solutions market - Key takeaways
- FIG. 14 Europe payment processing solutions market - Key takeaways
- FIG. 15 Asia Pacific payment processing solutions market - Key takeaways
- FIG. 16 Latin America payment processing solutions market - Key takeaways
- FIG. 17 MEA payment processing solutions market - Key takeaways
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