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Digital Payment Market by Type (Solutions & Services), Solution Type (Payment Processing, Payment Gateway, Payment Wallet, POS Solution, Payment Security and Fraud Management), Deployment Mode, Organization Size, and Region - Global Forecast to 2023

Digital Payment Market by Type (Solutions & Services), Solution Type (Payment Processing, Payment Gateway, Payment Wallet, POS Solution, Payment Security and Fraud Management), Deployment Mode, Organization Size, and Region - Global Forecast to 2023
The increasing proliferation of smartphones is expected to drive the growth of the digital payment market.
The digital payment market is estimated to be USD 38.00 billion in 2018 and is projected to reach USD 86.76 billion by 2023, at a CAGR of 18.0% during the forecast period. Major factors driving the growth of the digital payment market include initiatives undertaken for the promotion of digital payments, high proliferation of smartphones, and the need to provide improved customer service at POS terminals. On the other hand, lack of global standards for cross-border payments is a key factor expected to restrain the growth of the digital payment market.

The services segment is expected to grow at a higher CAGR during the forecast period.
Based on type, the services segment of the digital payment market is projected to grow at a higher CAGR during the forecast period as compared to the solutions segment. Digital payment vendors offer professional and managed services to plan, design, implement, and deploy digital payment solutions. Increase in the number of digital transactions in emerging economies is expected to increase the demand for digital payment services.

SMEs are expected to implement digital payment solutions at a higher rate during the forecast period.
Based on organization size, the SMEs segment of the digital payment market is projected to grow at a higher CAGR from 2018 to 2023 as compared to the large enterprises segment. Governments of countries across the globe have launched various initiatives to promote the adoption of new technologies in SMEs. In addition, they have also reduced the Merchant Discount Rate (MDR) for SMEs to facilitate large-scale deployment of digital payment solutions. Hence, SMEs in countries such as India, Australia, China, and Germany are increasingly adopting digital payment solutions to improve business outcomes.

The digital payment market in Asia Pacific is expected to grow at the highest CAGR during the forecast period.
The digital payment market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increased demand for digital payment solutions and advancements in digital technologies benefitting all stakeholders present in the digital payment ecosystem in the Asia Pacific region.

The break-up of profiles of primary participants is mentioned below:

By Company Type: Tier 1 (40%), Tier 2 (35%), and Tier 3 (25%)
By Designation: C-Level Executives (45%), Directors (30%), and Others (25%)
By Region: North America (35%), APAC (30%), Europe (20%), and RoW (15%)

Key market players profiled in this report include ACI Worldwide (US), Aurus (US), Aliant Payment (US), Authorize.Net (US), Adyen (Netherlands), BlueSnap (US), Chetu (US), Dwolla (US), FSS (India), First Data (US), Fiserv (US), Global Payments (US), Net1 UEPS Technologies (South Africa), Novatti (Australia), PayPal (US), Paysafe (UK), PayU (Netherlands), SIX (Switzerland), Stripe (US), TSYS (US), WEX (US), Wirecard (Germany), Worldline (France), Worldpay (US), and YapStone (US).

Research Coverage
The digital payment market has been segmented based on type, deployment mode, organization size, and region. A detailed analysis of regions has been performed to provide insights into the potential future business opportunities.

Reasons to Buy the Report
The report will help market leaders/new entrants in the digital payment market in the following ways:
1. The report segments the digital payment market comprehensively and provides the closest approximations of revenue numbers for the overall market and subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. The report helps stakeholders understand their competitors and gain valuable insights to better position their business in the market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2015–2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • BREAKDOWN OF PRIMARIES
      • KEY INDUSTRY INSIGHTS
    • MARKET SIZE ESTIMATION
    • ASSUMPTIONS
    • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE DIGITAL PAYMENT MARKET
    • DIGITAL PAYMENT MARKET, BY TYPE
    • DIGITAL PAYMENT MARKET, BY SOLUTIONS
    • DIGITAL PAYMENT MARKET, BY SERVICE
    • DIGITAL PAYMENT MARKET, BY PROFESSIONAL SERVICES
    • DIGITAL PAYMENT MARKET, BY REGION
    • MARKET INVESTMENT SCENARIO
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • INDUSTRY TRENDS
      • INTRODUCTION
      • DIGITAL PAYMENT ARCHITECTURE
      • CASE STUDIES
  • DIGITAL PAYMENT MARKET, BY TYPE
    • INTRODUCTION
      • Table DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
    • SOLUTIONS
      • Table SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
      • Table SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • PAYMENT GATEWAY SOLUTIONS
        • Table PAYMENT GATEWAY SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • PAYMENT PROCESSING SOLUTIONS
        • Table PAYMENT PROCESSING SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • PAYMENT WALLET SOLUTIONS
        • Table PAYMENT WALLET SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • PAYMENT SECURITY AND FRAUD MANAGEMENT SOLUTIONS
        • Table PAYMENT SECURITY AND FRAUD MANAGEMENT SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • POS SOLUTIONS
        • Table POS SOLUTIONS: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • SERVICES
      • Table SERVICES: DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
      • Table SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • PROFESSIONAL SERVICES
        • Table PROFESSIONAL SERVICES: DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table PROFESSIONAL SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
        • Table CONSULTING SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
        • Table SYSTEM INTEGRATION AND DEPLOYMENT SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
        • Table SUPPORT AND MAINTENANCE SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
      • MANAGED SERVICES
        • Table MANAGED SERVICES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
  • DIGITAL PAYMENT MARKET, BY DEPLOYMENT MODE
    • INTRODUCTION
      • Table DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD BILLION)
    • ON-PREMISES
      • Table ON-PREMISES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • CLOUD
      • Table CLOUD: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
  • DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD BILLION)
    • SMES
      • Table SMES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: DIGITAL PAYMENT MARKET SIZE, BY REGION, 2016–2023 (USD BILLION)
  • DIGITAL PAYMENT MARKET, BY VERTICAL
    • INTRODUCTION
    • BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)
    • TELECOM & INFORMATION TECHNOLOGY (IT)
    • RETAIL & E-COMMERCE
    • HEALTHCARE
    • MEDIA & ENTERTAINMENT
    • OTHERS
  • DIGITAL PAYMENT MARKET, BY REGION
    • INTRODUCTION
    • NORTH AMERICA
      • Table NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
      • US
      • CANADA
        • Table NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table SOLUTIONS: NORTH AMERICA DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table SERVICES: NORTH AMERICA DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table PROFESSIONAL SERVICES: NORTH AMERICA DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD BILLION)
        • Table NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD BILLION)
    • EUROPE
      • Table EUROPE: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
      • UK
      • FRANCE
      • GERMANY
      • REST OF EUROPE
        • Table EUROPE: DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table SOLUTIONS: EUROPE DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table SERVICES: EUROPE DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table PROFESSIONAL SERVICES: EUROPE DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table EUROPE: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD BILLION)
        • Table EUROPE: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD BILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
      • CHINA
      • INDIA
      • REST OF ASIA PACIFIC
        • Table ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table SOLUTIONS: ASIA PACIFIC DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table SERVICES: ASIA PACIFIC DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table PROFESSIONAL SERVICES: ASIA PACIFIC DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD BILLION)
        • Table ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD BILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
        • Table LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table SOLUTIONS: LATIN AMERICA DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table SERVICES: LATIN AMERICA DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table PROFESSIONAL SERVICES: LATIN AMERICA DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD BILLION)
        • Table LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD BILLION)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
      • SAUDI ARABIA
      • UAE
      • ISRAEL
      • REST OF MIDDLE EAST & AFRICA
        • Table MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table SOLUTIONS: MIDDLE EAST & AFRICA DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table SERVICES: MIDDLE EAST & AFRICA DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016–2023 (USD BILLION)
        • Table PROFESSIONAL SERVICES: MIDDLE EAST & AFRICA DIGITAL PAYMENT MARKET SIZE, BY TYPE, 2016– 2023 (USD BILLION)
        • Table MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2023 (USD BILLION)
        • Table MIDDLE EAST & AFRICA: DIGITAL PAYMENT MARKET SIZE, BY ORGANIZATION SIZE, 2016–2023 (USD BILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS FOR THE DIGITAL PAYMENT MARKET
      • Table MARKET RANKING, 2018
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2017–2018
      • BUSINESS EXPANSIONS
        • Table BUSINESS EXPANSIONS, 2016–2018
      • MERGERS & ACQUISITIONS
        • Table ACQUISITIONS, 2017—2018
      • AGREEMENTS & PARTNERSHIPS
        • Table AGREEMENTS & PARTNERSHIPS, 2016–2017
  • COMPANY PROFILES
    • FIRST DATA
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • PAYPAL
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • WORLDPAY
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • WIRECARD
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS /SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • FISERV
      • BUSINESS OVERVIEW
      • PRODUCTS/SERVICES/SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • CHETU
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • TOTAL SYSTEM SERVICES (TSYS)
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • NOVATTI
      • BUSINESS OVERVIEW
      • PRODUCTS/SERVICES/SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • ACI WORLDWIDE
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • GLOBAL PAYMENTS
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • BLUESNAP
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • PAYSAFE
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • WORLDLINE
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • WEX
      • BUSINESS OVERVIEW
      • PRODUCTS/SOLUTIONS/SERVICES OFFERED
      • RECENT DEVELOPMENTS
    • SIX PAYMENT SERVICES
      • BUSINESS OVERVIEW
    • DWOLLA
      • BUSINESS OVERVIEW
    • STRIPE
      • BUSINESS OVERVIEW
    • ADYEN
      • BUSINESS OVERVIEW
    • PAYU
      • BUSINESS OVERVIEW
    • YAPSTONE
      • BUSINESS OVERVIEW
    • NET 1 UEPS TECHNOLOGIES
      • BUSINESS OVERVIEW
    • FINANCIAL SOFTWARE AND SYSTEMS (FSS)
      • BUSINESS OVERVIEW
    • AUTHORIZE.NET
      • BUSINESS OVERVIEW
    • AURUS
      • BUSINESS OVERVIEW
    • ALIANT PAYMENT SYSTEMS
      • BUSINESS OVERVIEW
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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