Global Real Time Payments Market 2023-2027

Description

List of Tables

Technavio has been monitoring the real time payments market and is forecast to grow by $55539.13 mn during 2022-2027, accelerating at a CAGR of 31.35% during the forecast period. Our report on the real time payments market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of smartphones and access to high-speed internet, increasing demand for payment solutions from customers and merchants, and government initiatives to promote digital payments.

Technavio's real time payments market is segmented as below:

By Component

Solutions
Services

By Deployment

On-premises
Cloud

By Geography

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the rapid digitalization in payments sector as one of the prime reasons driving the real time payments market growth during the next few years. Also, rising number of strategic partnerships and developments and rise in mobile biometrics for payment will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the real time payments market covers the following areas:

Real time payments market sizing
Real time payments market forecast
Real time payments market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading real time payments market vendors that include ACE Software Solutions Inc., ACI Worldwide Inc., Ant Technology Group Co. Ltd., Apple Inc., Cognizant Technology Solutions Corp., Fidelity National Information Services Inc., Finastra, Fiserv Inc., Icon Solutions Ltd., Mastercard Inc., Microsoft Corp., Mindgate Solutions Pvt. Ltd., Montran Corp., PayPal Holdings Inc., Ripple Labs Inc., Sila Inc., Tata Consultancy Services Ltd., Temenos Headquarters SA, Visa Inc., and Volante Technologies Inc. Also, the real time payments market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR75001

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Component
Exhibit 06: Executive Summary - Chart on Market Segmentation by Deployment
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global real time payments market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global real time payments market 2017 - 2021 ($ million)
4.2 Component Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Component Segment 2017 - 2021 ($ million)
4.3 Deployment Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Deployment Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

6.1 Market segments
Exhibit 30: Chart on Component - Market share 2022-2027 (%)
Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
6.2 Comparison by Component
Exhibit 32: Chart on Comparison by Component
Exhibit 33: Data Table on Comparison by Component
6.3 Solutions - Market size and forecast 2022-2027
Exhibit 34: Chart on Solutions - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Solutions - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Solutions - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Solutions - Year-over-year growth 2022-2027 (%)
6.4 Services - Market size and forecast 2022-2027
Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Component
Exhibit 42: Market opportunity by Component ($ million)

7 Market Segmentation by Deployment

7.1 Market segments
Exhibit 43: Chart on Deployment - Market share 2022-2027 (%)
Exhibit 44: Data Table on Deployment - Market share 2022-2027 (%)
7.2 Comparison by Deployment
Exhibit 45: Chart on Comparison by Deployment
Exhibit 46: Data Table on Comparison by Deployment
7.3 On-premises - Market size and forecast 2022-2027
Exhibit 47: Chart on On-premises - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on On-premises - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on On-premises - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on On-premises - Year-over-year growth 2022-2027 (%)
7.4 Cloud - Market size and forecast 2022-2027
Exhibit 51: Chart on Cloud - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Cloud - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Cloud - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Cloud - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Deployment
Exhibit 55: Market opportunity by Deployment ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Thailand - Market size and forecast 2022-2027
Exhibit 85: Chart on Thailand - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Thailand - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Thailand - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Thailand - Year-over-year growth 2022-2027 (%)
9.10 Singapore - Market size and forecast 2022-2027
Exhibit 89: Chart on Singapore - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Singapore - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Singapore - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Singapore - Year-over-year growth 2022-2027 (%)
9.11 UK - Market size and forecast 2022-2027
Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.12 Canada - Market size and forecast 2022-2027
Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 102: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 104: Overview on factors of disruption
11.4 Industry risks
Exhibit 105: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 106: Vendors covered
12.2 Market positioning of vendors
Exhibit 107: Matrix on vendor position and classification
12.3 ACI Worldwide Inc.
Exhibit 108: ACI Worldwide Inc. - Overview
Exhibit 109: ACI Worldwide Inc. - Business segments
Exhibit 110: ACI Worldwide Inc. - Key offerings
Exhibit 111: ACI Worldwide Inc. - Segment focus
12.4 Ant Technology Group Co. Ltd.
Exhibit 112: Ant Technology Group Co. Ltd. - Overview
Exhibit 113: Ant Technology Group Co. Ltd. - Product / Service
Exhibit 114: Ant Technology Group Co. Ltd. - Key offerings
12.5 Apple Inc.
Exhibit 115: Apple Inc. - Overview
Exhibit 116: Apple Inc. - Business segments
Exhibit 117: Apple Inc. - Key news
Exhibit 118: Apple Inc. - Key offerings
Exhibit 119: Apple Inc. - Segment focus
12.6 Fidelity National Information Services Inc.
Exhibit 120: Fidelity National Information Services Inc. - Overview
Exhibit 121: Fidelity National Information Services Inc. - Business segments
Exhibit 122: Fidelity National Information Services Inc. - Key news
Exhibit 123: Fidelity National Information Services Inc. - Key offerings
Exhibit 124: Fidelity National Information Services Inc. - Segment focus
12.7 Finastra
Exhibit 125: Finastra - Overview
Exhibit 126: Finastra - Product / Service
Exhibit 127: Finastra - Key offerings
12.8 Fiserv Inc.
Exhibit 128: Fiserv Inc. - Overview
Exhibit 129: Fiserv Inc. - Business segments
Exhibit 130: Fiserv Inc. - Key offerings
Exhibit 131: Fiserv Inc. - Segment focus
12.9 Mastercard Inc.
Exhibit 132: Mastercard Inc. - Overview
Exhibit 133: Mastercard Inc. - Product / Service
Exhibit 134: Mastercard Inc. - Key offerings
12.10 Microsoft Corp.
Exhibit 135: Microsoft Corp. - Overview
Exhibit 136: Microsoft Corp. - Business segments
Exhibit 137: Microsoft Corp. - Key news
Exhibit 138: Microsoft Corp. - Key offerings
Exhibit 139: Microsoft Corp. - Segment focus
12.11 Mindgate Solutions Pvt. Ltd.
Exhibit 140: Mindgate Solutions Pvt. Ltd. - Overview
Exhibit 141: Mindgate Solutions Pvt. Ltd. - Product / Service
Exhibit 142: Mindgate Solutions Pvt. Ltd. - Key offerings
12.12 Montran Corp.
Exhibit 143: Montran Corp. - Overview
Exhibit 144: Montran Corp. - Product / Service
Exhibit 145: Montran Corp. - Key offerings
12.13 PayPal Holdings Inc.
Exhibit 146: PayPal Holdings Inc. - Overview
Exhibit 147: PayPal Holdings Inc. - Product / Service
Exhibit 148: PayPal Holdings Inc. - Key offerings
12.14 Tata Consultancy Services Ltd.
Exhibit 149: Tata Consultancy Services Ltd. - Overview
Exhibit 150: Tata Consultancy Services Ltd. - Business segments
Exhibit 151: Tata Consultancy Services Ltd. - Key news
Exhibit 152: Tata Consultancy Services Ltd. - Key offerings
Exhibit 153: Tata Consultancy Services Ltd. - Segment focus
12.15 Temenos Headquarters SA
Exhibit 154: Temenos Headquarters SA - Overview
Exhibit 155: Temenos Headquarters SA - Business segments
Exhibit 156: Temenos Headquarters SA - Key news
Exhibit 157: Temenos Headquarters SA - Key offerings
Exhibit 158: Temenos Headquarters SA - Segment focus
12.16 Visa Inc.
Exhibit 159: Visa Inc. - Overview
Exhibit 160: Visa Inc. - Product / Service
Exhibit 161: Visa Inc. - Key offerings
12.17 Volante Technologies Inc.
Exhibit 162: Volante Technologies Inc. - Overview
Exhibit 163: Volante Technologies Inc. - Product / Service
Exhibit 164: Volante Technologies Inc. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 165: Inclusions checklist
Exhibit 166: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 167: Currency conversion rates for US$
13.4 Research methodology
Exhibit 168: Research methodology
Exhibit 169: Validation techniques employed for market sizing
Exhibit 170: Information sources
13.5 List of abbreviations
Exhibit 171: List of abbreviations