Digital Payment - Global Market Outlook (2017-2026)
According tStratistics MRC, the Global Digital Payment Market is accounted for $34.65 billion in 2017 and is expected treach $ 168.65 billion by 2026 growing at a CAGR of 19.2% during the forecast period. The increasing adoption of smartphones & e-commerce applications and the changing consumer trend are propelling the market growth. However the chances of frauds in transactions are restraining the market.
A digital payment is a mode of payments that are carried out using digitally electronic gadgets such as smartphones, tablets and computers etc tpurchase good s and services. The digital payments are different from physical cash or cheques and operate directly from bank accounts & servers. This type of payments is considered safe and reliable as they does not have chance of physical damage or theft and can be used from wherever possible easily with all the required updates. In recent days, governments are framing necessary rules and regulations tcompletely adopt digital payments due tits accountability.
By means of payment, the contact less payment systems are type of payments that does not require the phone number of the personnel but is rather depended upon other sources like smartcards, debit & credit cards and other wallet cards that make use of near field communication or radio-frequency identification (RFID) tmake safe & secure payments. The sources are basically equipped with embedded chip and antenna that help in carry the transactions.
Among geography, North America is expected thave a huge growth rate due tthe maximum adoption of mobile commerce and internet. In addition the presence of various key digital payment vendors enhance the market by increasing the usability and interests among the common people.
Some of the key players in the Digital Payment market are Google LLC., Amazon.com, Inc., Apple Inc., Mastercard Incorporated, Visa Inc., First Data, Paypal, Worldpay, Wirecard, Fiserv, Chetu, Total System Services (TSYS), Novatti, ACI Worldwide, Global Payments, Bluesnap, Paysafe, Worldline, Wex and Six Payment Services.
Means of Payments Covered:
• Contact-less Payment Methods
• Contact Payment methods
Types Covered:
• Services
• Solutions
Mode of Payments Covered:
• Internet Based
• Bank Cards
Deployment Modes Covered:
• Cloud
• On-Premises
Organisation Sizes Covered:
• Large Enterprises
• Small & Medium Enterprises (SMEs)
End Users Covered:
• Telecom & Information Technology (IT)
• Retail & E-Commerce
• Banking, Financial Services, and Insurance (BFSI)
• Media & Entertainment
• Healthcare
• Transportation
• Government
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Futuristic Market Scenario
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Digital Payment Market, By Means of Payment
- 5.1 Introduction
- 5.2 Contact-less Payment Methods
- 5.3 Contact Payment methods
- 6 Global Digital Payment Market, By Type
- 6.1 Introduction
- 6.2 Services
- 6.2.1 Managed Services
- 6.2.2 Professional Services
- 6.2.2.1 Support and Maintenance Services
- 6.2.2.2 Consulting Services
- 6.2.2.3 System Integration and Deployment Services
- 6.3 Solutions
- 6.3.1 Payment Security and Fraud Management Solutions
- 6.3.2 Payment Gateway Solutions
- 6.3.3 Payment Processing Solutions
- 7 Global Digital Payment Market, By Mode of Payment
- 7.1 Introduction
- 7.2 Internet Based
- 7.2.1 e-Wallets & Mobile Payment Applications
- 7.2.2 Digital Currencies
- 7.2.2.1 Bitcoins
- 7.2.3 Netbanking
- 7.2.4 Other Internet Based
- 7.2.4.1 Artificial Intelligence Devices (AI Devices)
- 7.2.4.2 Social Media Payments
- 7.3 Bank Cards
- 7.3.1 Point of Sale (POS) Devices
- 7.3.2 Automated Teller Machine (ATM)
- 8 Global Digital Payment Market, By Deployment Mode
- 8.1 Introduction
- 8.2 Cloud
- 8.3 On-Premises
- 9 Global Digital Payment Market, By Organisation Size
- 9.1 Introduction
- 9.2 Large Enterprises
- 9.3 Small & Medium Enterprises (SMEs)
- 10 Global Digital Payment Market, By End User
- 10.1 Introduction
- 10.2 Telecom & Information Technology (IT)
- 10.3 Retail & E-Commerce
- 10.4 Banking, Financial Services, and Insurance (BFSI)
- 10.5 Media & Entertainment
- 10.6 Healthcare
- 10.7 Transportation
- 10.8 Government
- 10.9 Other End Users
- 10.9.1 Automobiles
- 11 Global Digital Payment Market, By Geography
- 11.1 Introduction
- 11.2 North America
- 11.2.1 US
- 11.2.2 Canada
- 11.2.3 Mexico
- 11.3 Europe
- 11.3.1 Germany
- 11.3.2 UK
- 11.3.3 Italy
- 11.3.4 France
- 11.3.5 Spain
- 11.3.6 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 Japan
- 11.4.2 China
- 11.4.3 India
- 11.4.4 Australia
- 11.4.5 New Zealand
- 11.4.6 South Korea
- 11.4.7 Rest of Asia Pacific
- 11.5 South America
- 11.5.1 Argentina
- 11.5.2 Brazil
- 11.5.3 Chile
- 11.5.4 Rest of South America
- 11.6 Middle East & Africa
- 11.6.1 Saudi Arabia
- 11.6.2 UAE
- 11.6.3 Qatar
- 11.6.4 South Africa
- 11.6.5 Rest of Middle East & Africa
- 12 Key Developments
- 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 12.2 Acquisitions & Mergers
- 12.3 New Product Launch
- 12.4 Expansions
- 12.5 Other Key Strategies
- 13 Company Profiling
- 13.1 Google LLC.
- 13.2 Amazon.com, Inc.
- 13.3 Apple Inc.
- 13.4 Mastercard Incorporated
- 13.5 Visa Inc.
- 13.6 First Data
- 13.7 Paypal
- 13.8 Worldpay
- 13.9 Wirecard
- 13.10 Fiserv
- 13.11 Chetu
- 13.12 Total System Services (TSYS)
- 13.13 Novatti
- 13.14 ACI Worldwide
- 13.15 Global Payments
- 13.16 Bluesnap
- 13.17 Paysafe
- 13.18 Worldline
- 13.19 Wex
- 13.20 Six Payment Services
- List of Tables
- Table 1 Global Digital Payment Market Outlook, By Region (2016-2026) ($MN)
- Table 2 Global Digital Payment Market Outlook, By Means of Payment (2016-2026) ($MN)
- Table 3 Global Digital Payment Market Outlook, By Contact-less Payment Methods (2016-2026) ($MN)
- Table 4 Global Digital Payment Market Outlook, By Contact Payment methods (2016-2026) ($MN)
- Table 5 Global Digital Payment Market Outlook, By Type (2016-2026) ($MN)
- Table 6 Global Digital Payment Market Outlook, By Services (2016-2026) ($MN)
- Table 7 Global Digital Payment Market Outlook, By Managed Services (2016-2026) ($MN)
- Table 8 Global Digital Payment Market Outlook, By Professional Services (2016-2026) ($MN)
- Table 9 Global Digital Payment Market Outlook, By Solutions (2016-2026) ($MN)
- Table 10 Global Digital Payment Market Outlook, By Payment Security and Fraud Management Solutions (2016-2026) ($MN)
- Table 11 Global Digital Payment Market Outlook, By Payment Gateway Solutions (2016-2026) ($MN)
- Table 12 Global Digital Payment Market Outlook, By Payment Processing Solutions (2016-2026) ($MN)
- Table 13 Global Digital Payment Market Outlook, By Mode of Payment (2016-2026) ($MN)
- Table 14 Global Digital Payment Market Outlook, By Internet Based (2016-2026) ($MN)
- Table 15 Global Digital Payment Market Outlook, By e-Wallets & Mobile Payment Applications (2016-2026) ($MN)
- Table 16 Global Digital Payment Market Outlook, By Digital Currencies (2016-2026) ($MN)
- Table 17 Global Digital Payment Market Outlook, By Netbanking (2016-2026) ($MN)
- Table 18 Global Digital Payment Market Outlook, By Other Internet Based (2016-2026) ($MN)
- Table 19 Global Digital Payment Market Outlook, By Bank Cards (2016-2026) ($MN)
- Table 20 Global Digital Payment Market Outlook, By Point of Sale (POS) Devices (2016-2026) ($MN)
- Table 21 Global Digital Payment Market Outlook, By Automated Teller Machine (ATM) (2016-2026) ($MN)
- Table 22 Global Digital Payment Market Outlook, By Deployment Mode (2016-2026) ($MN)
- Table 23 Global Digital Payment Market Outlook, By Cloud (2016-2026) ($MN)
- Table 24 Global Digital Payment Market Outlook, By On-Premises (2016-2026) ($MN)
- Table 25 Global Digital Payment Market Outlook, By Organisation Size (2016-2026) ($MN)
- Table 26 Global Digital Payment Market Outlook, By Large Enterprises (2016-2026) ($MN)
- Table 27 Global Digital Payment Market Outlook, By Small & Medium Enterprises (SMEs) (2016-2026) ($MN)
- Table 28 Global Digital Payment Market Outlook, By End User (2016-2026) ($MN)
- Table 29 Global Digital Payment Market Outlook, By Telecom & Information Technology (IT) (2016-2026) ($MN)
- Table 30 Global Digital Payment Market Outlook, By Retail & E-Commerce (2016-2026) ($MN)
- Table 31 Global Digital Payment Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2016-2026) ($MN)
- Table 32 Global Digital Payment Market Outlook, By Media & Entertainment (2016-2026) ($MN)
- Table 33 Global Digital Payment Market Outlook, By Healthcare (2016-2026) ($MN)
- Table 34 Global Digital Payment Market Outlook, By Transportation (2016-2026) ($MN)
- Table 35 Global Digital Payment Market Outlook, By Government (2016-2026) ($MN)
- Table 36 Global Digital Payment Market Outlook, By Other End Users (2016-2026) ($MN)
- Table 37 Global Digital Payment Market Outlook, By Automobiles (2016-2026) ($MN)
- Note: The tables for North America, Europe, Asia Pacific, South America, and Middle East & Africa are represented in the same manner as above.