
Global Digital Payment Market to 2027
Description
Global Digital Payment Market to 2027
Global Digital Payment Market to 2027
Market Overview
Global Digital Payment market was valued at USD 333.11 billion I 2018, which is expected to reach USD 87.76 billion by 2027 at a 18.5 %.
Digital payment methods are transferring funds through electronic media like laptops, mobile, tablets. In digital payment method payer and payee utilizes digital platform to send and receive money. This method is also referred as electronic payment method. Various modes are used to transfer money by using digital payment method such as Point of Sales, Net Banking, Digital Wallets, Digital Currencies, Bank Cards, and Others.
Market Drivers
Increase in demand for digital payments in e-commerce industry is the key driving factor which is expected to boost the global digital payment market growth. Furthermore, rise in internet penetration is expected to propel the global digital payment market growth. Moreover, increase in government initiatives towards cashless country will have the positive impact on global digital payment market growth. In addition to that, high proliferation of smart phones is expected to fuel the global digital payment market growth, during this forecast [period. Additionally, progressive changes in regulatory frameworks will grow the global digital payments market growth, over the forecast period.
Market Restraints
However, lack of global standards for cross-border payments is the restraining factor which is expected to hamper the global digital payments market growth. Also, security and privacy concerns will affect the global digital payment market growth. Furthermore, instability of mobile network is expected to hinder the global digital payment market growth.
Market Segmentation
Global Digital Payment Market is segmented into solution such as Transaction Risk Management, Payment Security & Fraud Management, Payment Processing, Payment Gateway, Application Program Interface, and Others, by mode of payments such as Point of Sales, Net Banking, Digital Wallets, Digital Currencies, Bank Cards, and Others, by deployment type such as cloud, and on-premise. Further, Global Digital Payment Market is segmented into enterprise size such as Large enterprises, and Small & Medium Enterprises, by End Use such as BFSI, Retail & E-Commerce, Media & Entertainment, IT & Telecommunication, and Healthcare.
Also, Global Digital Payment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Global Payments, ACI Worldwide, Novatti, Total System Services, Chetu, Fiserv, Wirecard, World pay, Paypal, Six Payment Services, and First Data.
Market Taxonomy
By Solution
Global Digital Payment Market to 2027
Market Overview
Global Digital Payment market was valued at USD 333.11 billion I 2018, which is expected to reach USD 87.76 billion by 2027 at a 18.5 %.
Digital payment methods are transferring funds through electronic media like laptops, mobile, tablets. In digital payment method payer and payee utilizes digital platform to send and receive money. This method is also referred as electronic payment method. Various modes are used to transfer money by using digital payment method such as Point of Sales, Net Banking, Digital Wallets, Digital Currencies, Bank Cards, and Others.
Market Drivers
Increase in demand for digital payments in e-commerce industry is the key driving factor which is expected to boost the global digital payment market growth. Furthermore, rise in internet penetration is expected to propel the global digital payment market growth. Moreover, increase in government initiatives towards cashless country will have the positive impact on global digital payment market growth. In addition to that, high proliferation of smart phones is expected to fuel the global digital payment market growth, during this forecast [period. Additionally, progressive changes in regulatory frameworks will grow the global digital payments market growth, over the forecast period.
Market Restraints
However, lack of global standards for cross-border payments is the restraining factor which is expected to hamper the global digital payments market growth. Also, security and privacy concerns will affect the global digital payment market growth. Furthermore, instability of mobile network is expected to hinder the global digital payment market growth.
Market Segmentation
Global Digital Payment Market is segmented into solution such as Transaction Risk Management, Payment Security & Fraud Management, Payment Processing, Payment Gateway, Application Program Interface, and Others, by mode of payments such as Point of Sales, Net Banking, Digital Wallets, Digital Currencies, Bank Cards, and Others, by deployment type such as cloud, and on-premise. Further, Global Digital Payment Market is segmented into enterprise size such as Large enterprises, and Small & Medium Enterprises, by End Use such as BFSI, Retail & E-Commerce, Media & Entertainment, IT & Telecommunication, and Healthcare.
Also, Global Digital Payment Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Global Payments, ACI Worldwide, Novatti, Total System Services, Chetu, Fiserv, Wirecard, World pay, Paypal, Six Payment Services, and First Data.
Market Taxonomy
By Solution
- Transaction Risk Management
- Payment Security & Fraud Management
- Payment Processing
- Payment Gateway
- Application Program Interface
- Others
- Point of Sales
- Net Banking
- Digital Wallets
- Digital Currencies
- Bank Cards
- Others
- Cloud
- On-premise
- Large enterprises
- Small & Medium Enterprises
- BFSI
- Retail & E-Commerce
- Media & Entertainment
- IT & Telecommunication
- Healthcare
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Contents
175 Pages
- 1. Executive Summary
- 1.1. Market Taxonomy
- 2. Global Digital Payment Market Demand (in Value or Size in US$ Mn) Analysis and Forecast
- 3. Market Background
- 3.1. Forecast Factor
- 3.2. Market Dynamics
- 3.2.1. Drivers
- 3.2.2. Challenges
- 3.2.3. Trends
- 4. Global Digital Payment Market Snapshot
- 5. Global Digital Payment Market Analysis, By Solution
- 5.1. Y-o-Y Growth Comparison, By Solution
- 5.2. Global Digital Payment Market Share Analysis, By Solution
- 5.3. Global Digital Payment Market Size and Forecast, By Solution
- 5.3.1 Transaction Risk Management
- 5.3.2 Payment Security & Fraud Management
- 5.3.3 Payment Processing
- 5.3.4 Payment Gateway
- 5.3.5 Application Program Interface
- 5.3.6 Others
- 6. Global Digital Payment Market Analysis, By Mode of Payment
- 6.1. Y-o-Y Growth Comparison, By Mode of Payment
- 6.2. Global Digital Payment Market Share Analysis, By Mode of Payment
- 6.3. Global Digital Payment Market Size and Forecast, By Mode of Payment
- 6.3.1 Point of sales
- 6.3.2 Net Banking
- 6.3.3 Digital Wallets
- 6.3.4 Digital Currencies
- 6.3.5 Bank Cards
- 6.3.6 Others
- 7. Global Digital Payment Market Analysis, By Deployment Type
- 7.1. Y-o-Y Growth Comparison, By Deployment Type
- 7.2. Global Digital Payment Market Share Analysis, By Deployment Type
- 7.3. Global Digital Payment Market Size and Forecast, By Deployment Type
- 7.3.1 Cloud
- 7.3.2 On-Premise
- 8. Global Digital Payment Market Analysis, By Enterprise Size
- 8.1. Y-o-Y Growth Comparison, By Enterprise Size
- 8.2. Global Digital Payment Market Share Analysis, By Enterprise Size
- 8.3. Global Digital Payment Market Size and Forecast, By Enterprise Size
- 8.3.1 Large Enterprises
- 8.3.2 Small & Medium Enterprises
- 9. Global Digital Payment Market Analysis, By End Use
- 9.1. Y-o-Y Growth Comparison, By End Use
- 9.2. Global Digital Payment Market Share Analysis, By End Use
- 9.3. Global Digital Payment Market Size and Forecast, By End Use
- 9.3.1 BFSI
- 9.3.2 Retail & E-commerce
- 9.3.3 Media & Entertainment
- 6.3.4 IT & Telecommunication
- 6.3.5 Healthcare
- 10. Global Digital Payment Market Analysis, By Region
- 10.1. Y-o-Y Growth Comparison, By Region
- 10.2. Global Digital Payment Market Share Analysis, By Region
- 11. North America Digital Payment Market Analysis and Forecast (2017-2027)
- 11.1 Introduction
- 11.2 North America Digital Payment Market Analysis, By Solution
- 11.3 North America Digital Payment Market Analysis, By Mode of Payment
- 11.4 North America Digital Payment Market Analysis, By Deployment Type
- 11.5 North America Digital Payment Market Analysis, By Enterprise Size
- 11.6 North America Digital Payment Market Analysis, By End Use
- 11.7 North America Digital Payment Market Analysis, By Country
- 11.7.1 USA
- 11.7.2 Canada
- 11.7.3 Mexico
- 12. Europe Digital Payment Market Analysis and Forecast (2017-2027)
- 12.1 Introduction
- 12.2 Europe Digital Payment Market Analysis, By Solution
- 12.3 Europe Digital Payment Market Analysis, By Mode of Payment
- 12.4 Europe Digital Payment Market Analysis, By Deployment Type
- 12.5 Europe Digital Payment Market Analysis, By Enterprise Size
- 12.6 Europe Digital Payment Market Analysis, By End Use
- 12.7 Europe Digital Payment Market Analysis, By Country
- 12.7 .1 Germany
- 12.7 .2 France
- 12.7 .3 UK
- 12.7 .4 Rest of Europe
- 13. Asia Pacific Digital Payment Market Analysis and Forecast (2017-2027)
- 13.1 Introduction
- 13.2 Asia Pacific Digital Payment Market Analysis, By Solution
- 13.3 Asia Pacific Digital Payment Market Analysis, By Mode of Payment
- 13.4 Asia Pacific Digital Payment Market Analysis, By Deployment Type
- 13.5 Asia Pacific Digital Payment Market Analysis, By Enterprise Size
- 13.6 Asia Pacific Digital Payment Market Analysis, End Use
- 13.7 Asia Pacific Digital Payment Market Analysis, By Country
- 13.7.1 China
- 13.7.2 India
- 13.7.3 Japan
- 13.7.4 Rest of Asia Pacific
- 14. Latin America Digital Payment Market Analysis and Forecast (2017-2027)
- 14.1 Introduction
- 14.2 Latin America Digital Payment Market Analysis, By Solution
- 14.3 Latin America Digital Payment Market Analysis, By Mode of Payment
- 14.4 Latin America Digital Payment Market Analysis, By Deployment Type
- 14.5 Latin America Digital Payment Market Analysis, by Enterprise Size
- 14.6 Latin America Digital Payment Market Analysis, End Use
- 15. Middle East & Africa Digital Payment Market Analysis and Forecast (2017-2027)
- 15.1 Introduction
- 15.2 Middle East & Africa Digital Payment Market Analysis, By Solution
- 15.3 Middle East & Africa Digital Payment Market Analysis, By Mode of Payment
- 15.4 Middle East & Africa Digital Payment Market Analysis, By Deployment Type
- 15.5 Middle East & Africa Digital Payment Market Analysis, By Enterprise Size
- 15.6 Middle East & Africa Digital Payment Market Analysis, End Use
- 16. Competition Analysis
- 16.1 Competition Dashboard
- 16.2 Market Share Analysis of Top Vendors
- 16.3 Key Development Strategies
- 17. Company Profiles
- 17.1 Global Payments
- 17.1.1 Overview
- 17.1.2 Offerings
- 17.1.3 Key Financial
- 17.1.4 Business Segment & Geographic Overview
- 17.1.5 Key Market Developments
- 17.1.6 Key Strategies
- 17.2 ACI Worldwide
- 17.3 Novatti
- 17.4 Total System Services
- 17.5 Chetu
- 17.6 Fiserv
- 17.7 Wirecard
- 17.8 World pay
- 17.9 Paypal
- 17.10 Six Payment Services
- 17.11 First Data
Pricing
Currency Rates
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