Global Payment Processing Solutions Market Analysis 2022
The Global Payment Processing Solutions Market is expected to reach $183.58 billion by 2028 growing at a CAGR of 12.1% from 2021 to 2028. Payment processing solutions are the combined technological offerings that work in collaboration with the merchant and customer to process the financial transactions with the generation of a payment gateway that operates on a set of parameters pre-defined by the merchant.
Factors such as a rise in demand for value-oriented customers and an increase in demand for smartphones are driving the growth of the market. However, the fluctuation of prices is restraining the growth of the market.
Based on the payment method, the credit card segment is going to have a lucrative growth during the forecast period as the credit card enables consumers to build a continuing balance of debt, subject to interest being charged. The card issuer creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.
The key vendors mentioned are Fattmerchant, Worldline, Alipay, Stripe, PayPal, Secure Payment Systems, Paysafe, Authorize.Net, MasterCard, Jack Henry & Associates, Global Payments, Fiserv, BlueSnap, FIS, SignaPay, ACI Worldwide, and Wirecard.
Components Covered:
Technologies Covered:
- QR (Quick Response) Code
- Near-Field Communication (NFC)
- EMV (Europay, Mastercard, and Visa)
Deployment Types Covered:
Organization Sizes Covered:
- Large Enterprises
- Small and Mid-Size Enterprises (SMEs)
Deployment Models Covered:
Payment Methods Covered:
- Prepaid Debit Card
- eWallet
- Debit card
- Credit card
- Bank Transfer
- Automatic clearing house
- Cheque
End Users Covered:
- Travel and Hospitality
- Retail and eCommerce
- Banking, Financial Services and Insurance (BFSI)
- Manufacturing
- Telecom and IT
- Media and Entertainment
- Real Estate
- Healthcare
- Government and Utilities
- Education
- Transportation and Logistics
Architectures Covered:
- Payment Network Processing
- Issuer Card Processing
- Merchant Acquiring Processing
Regions Covered:
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Key Questions Answered in this Report:
- How this market evolved since the year 2020
- Market size estimations, forecasts and CAGR for all the segments presented in the scope
- Key Market Developments and financials of the key players
- Opportunity Analysis for the new entrants
- SWOT Analysis of the key players
- Fastest growing markets analyzed during the forecast period
- 1 Market Synopsis
- 2 Research Outline
- 2.1 Research Snapshot
- 2.2 Research Methodology
- 2.3 Research Sources
- 2.3.1 Primary Research Sources
- 2.3.2 Secondary Research Sources
- 3 Market Dynamics
- 3.1 Drivers
- 3.2 Restraints
- 4 Market Environment
- 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 Payment Processing Solutions Market, By Component
- 5.1 Introduction
- 5.2 Service
- 5.3 Solution
- 6 Global Payment Processing Solutions Market, By Technology
- 6.1 Introduction
- 6.2 QR (Quick Response) Code
- 6.3 Near-Field Communication (NFC)
- 6.4 EMV (Europay, Mastercard, and Visa)
- 7 Global Payment Processing Solutions Market, By Deployment Type
- 7.1 Introduction
- 7.2 On-Premises
- 7.3 Cloud-based
- 8 Global Payment Processing Solutions Market, By Organization Size
- 8.1 Introduction
- 8.2 Large Enterprises
- 8.3 Small and Mid-Size Enterprises (SMEs)
- 9 Global Payment Processing Solutions Market, By Deployment Model
- 9.1 Introduction
- 9.2 Online
- 9.3 Mobile
- 9.4 In-Store
- 10 Global Payment Processing Solutions Market, By Payment Method
- 10.1 Introduction
- 10.2 Prepaid Debit Card
- 10.3 eWallet
- 10.4 Debit card
- 10.5 Credit card
- 10.6 Bank Transfer
- 10.7 Automatic clearing house
- 10.8 Cheque
- 11 Global Payment Processing Solutions Market, By End User
- 11.1 Introduction
- 11.2 Travel and Hospitality
- 11.3 Retail and eCommerce
- 11.4 Banking, Financial Services and Insurance (BFSI)
- 11.5 Manufacturing
- 11.6 Telecom and IT
- 11.7 Media and Entertainment
- 11.8 Real Estate
- 11.9 Healthcare
- 11.10 Government and Utilities
- 11.11 Education
- 11.12 Transportation and Logistics
- 12 Global Payment Processing Solutions Market, By Architecture
- 12.1 Introduction
- 12.2 Payment Network Processing
- 12.3 Issuer Card Processing
- 12.4 Merchant Acquiring Processing
- 13 Global Payment Processing Solutions Market, By Geography
- 13.1 Introduction
- 13.2 North America
- 13.3 Europe
- 13.4 Asia Pacific
- 13.5 South America
- 13.6 Middle East & Africa
- 14 Strategic Benchmarking
- 15 Vendors Landscape
- 15.1 Fattmerchant
- 15.2 Worldline
- 15.3 Alipay
- 15.4 Stripe
- 15.5 PayPal
- 15.6 Secure Payment Systems
- 15.7 Paysafe
- 15.8 Authorize.Net
- 15.9 MasterCard
- 15.10 Jack Henry & Associates
- 15.11 Global Payments
- 15.12 Fiserv
- 15.13 BlueSnap
- 15.14 FIS
- 15.15 SignaPay
- 15.16 ACI Worldwide
- 15.17 Wirecard
- List of Data Tables
- Table 1 Global Payment Processing Solutions Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Payment Processing Solutions Market Outlook, By Component (2020-2028) ($MN)
- Table 3 Global Payment Processing Solutions Market Outlook, By Service (2020-2028) ($MN)
- Table 4 Global Payment Processing Solutions Market Outlook, By Solution (2020-2028) ($MN)
- Table 5 Global Payment Processing Solutions Market Outlook, By Technology (2020-2028) ($MN)
- Table 6 Global Payment Processing Solutions Market Outlook, By QR (Quick Response) Code (2020-2028) ($MN)
- Table 7 Global Payment Processing Solutions Market Outlook, By Near-Field Communication (NFC) (2020-2028) ($MN)
- Table 8 Global Payment Processing Solutions Market Outlook, By EMV (Europay, Mastercard, and Visa) (2020-2028) ($MN)
- Table 9 Global Payment Processing Solutions Market Outlook, By Deployment Type (2020-2028) ($MN)
- Table 10 Global Payment Processing Solutions Market Outlook, By On-Premises (2020-2028) ($MN)
- Table 11 Global Payment Processing Solutions Market Outlook, By Cloud-based (2020-2028) ($MN)
- Table 12 Global Payment Processing Solutions Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 13 Global Payment Processing Solutions Market Outlook, By Large Enterprises (2020-2028) ($MN)
- Table 14 Global Payment Processing Solutions Market Outlook, By Small and Mid-Size Enterprises (SMEs) (2020-2028) ($MN)
- Table 15 Global Payment Processing Solutions Market Outlook, By Deployment Model (2020-2028) ($MN)
- Table 16 Global Payment Processing Solutions Market Outlook, By Online (2020-2028) ($MN)
- Table 17 Global Payment Processing Solutions Market Outlook, By Mobile (2020-2028) ($MN)
- Table 18 Global Payment Processing Solutions Market Outlook, By In-Store (2020-2028) ($MN)
- Table 19 Global Payment Processing Solutions Market Outlook, By Payment Method (2020-2028) ($MN)
- Table 20 Global Payment Processing Solutions Market Outlook, By Prepaid Debit Card (2020-2028) ($MN)
- Table 21 Global Payment Processing Solutions Market Outlook, By eWallet (2020-2028) ($MN)
- Table 22 Global Payment Processing Solutions Market Outlook, By Debit card (2020-2028) ($MN)
- Table 23 Global Payment Processing Solutions Market Outlook, By Credit card (2020-2028) ($MN)
- Table 24 Global Payment Processing Solutions Market Outlook, By Bank Transfer (2020-2028) ($MN)
- Table 25 Global Payment Processing Solutions Market Outlook, By Automatic clearing house (2020-2028) ($MN)
- Table 26 Global Payment Processing Solutions Market Outlook, By Cheque (2020-2028) ($MN)
- Table 27 Global Payment Processing Solutions Market Outlook, By End User (2020-2028) ($MN)
- Table 28 Global Payment Processing Solutions Market Outlook, By Travel and Hospitality (2020-2028) ($MN)
- Table 29 Global Payment Processing Solutions Market Outlook, By Retail and eCommerce (2020-2028) ($MN)
- Table 30 Global Payment Processing Solutions Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2020-2028) ($MN)
- Table 31 Global Payment Processing Solutions Market Outlook, By Manufacturing (2020-2028) ($MN)
- Table 32 Global Payment Processing Solutions Market Outlook, By Telecom and IT (2020-2028) ($MN)
- Table 33 Global Payment Processing Solutions Market Outlook, By Media and Entertainment (2020-2028) ($MN)
- Table 34 Global Payment Processing Solutions Market Outlook, By Real Estate (2020-2028) ($MN)
- Table 35 Global Payment Processing Solutions Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 36 Global Payment Processing Solutions Market Outlook, By Government and Utilities (2020-2028) ($MN)
- Table 37 Global Payment Processing Solutions Market Outlook, By Education (2020-2028) ($MN)
- Table 38 Global Payment Processing Solutions Market Outlook, By Transportation and Logistics (2020-2028) ($MN)
- Table 39 Global Payment Processing Solutions Market Outlook, By Architecture (2020-2028) ($MN)
- Table 40 Global Payment Processing Solutions Market Outlook, By Payment Network Processing (2020-2028) ($MN)
- Table 41 Global Payment Processing Solutions Market Outlook, By Issuer Card Processing (2020-2028) ($MN)
- Table 42 Global Payment Processing Solutions Market Outlook, By Merchant Acquiring Processing (2020-2028) ($MN)
- Table 43 North America Payment Processing Solutions Market Outlook, By Component (2020-2028) ($MN)
- Table 44 North America Payment Processing Solutions Market Outlook, By Technology (2020-2028) ($MN)
- Table 45 North America Payment Processing Solutions Market Outlook, By Deployment Type (2020-2028) ($MN)
- Table 46 North America Payment Processing Solutions Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 47 North America Payment Processing Solutions Market Outlook, By Deployment Model (2020-2028) ($MN)
- Table 48 North America Payment Processing Solutions Market Outlook, By Payment Method (2020-2028) ($MN)
- Table 49 North America Payment Processing Solutions Market Outlook, By End User (2020-2028) ($MN)
- Table 50 North America Payment Processing Solutions Market Outlook, By Architecture (2020-2028) ($MN)
- Table 51 Europe Payment Processing Solutions Market Outlook, By Component (2020-2028) ($MN)
- Table 52 Europe Payment Processing Solutions Market Outlook, By Technology (2020-2028) ($MN)
- Table 53 Europe Payment Processing Solutions Market Outlook, By Deployment Type (2020-2028) ($MN)
- Table 54 Europe Payment Processing Solutions Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 55 Europe Payment Processing Solutions Market Outlook, By Deployment Model (2020-2028) ($MN)
- Table 56 Europe Payment Processing Solutions Market Outlook, By Payment Method (2020-2028) ($MN)
- Table 57 Europe Payment Processing Solutions Market Outlook, By End User (2020-2028) ($MN)
- Table 58 Europe Payment Processing Solutions Market Outlook, By Architecture (2020-2028) ($MN)
- Table 59 Asia Pacific Payment Processing Solutions Market Outlook, By Component (2020-2028) ($MN)
- Table 60 Asia Pacific Payment Processing Solutions Market Outlook, By Technology (2020-2028) ($MN)
- Table 61 Asia Pacific Payment Processing Solutions Market Outlook, By Deployment Type (2020-2028) ($MN)
- Table 62 Asia Pacific Payment Processing Solutions Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 63 Asia Pacific Payment Processing Solutions Market Outlook, By Deployment Model (2020-2028) ($MN)
- Table 64 Asia Pacific Payment Processing Solutions Market Outlook, By Payment Method (2020-2028) ($MN)
- Table 65 Asia Pacific Payment Processing Solutions Market Outlook, By End User (2020-2028) ($MN)
- Table 66 Asia Pacific Payment Processing Solutions Market Outlook, By Architecture (2020-2028) ($MN)
- Table 67 South America Payment Processing Solutions Market Outlook, By Component (2020-2028) ($MN)
- Table 68 South America Payment Processing Solutions Market Outlook, By Technology (2020-2028) ($MN)
- Table 69 South America Payment Processing Solutions Market Outlook, By Deployment Type (2020-2028) ($MN)
- Table 70 South America Payment Processing Solutions Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 71 South America Payment Processing Solutions Market Outlook, By Deployment Model (2020-2028) ($MN)
- Table 72 South America Payment Processing Solutions Market Outlook, By Payment Method (2020-2028) ($MN)
- Table 73 South America Payment Processing Solutions Market Outlook, By End User (2020-2028) ($MN)
- Table 74 South America Payment Processing Solutions Market Outlook, By Architecture (2020-2028) ($MN)
- Table 75 Middle East & Africa Payment Processing Solutions Market Outlook, By Component (2020-2028) ($MN)
- Table 76 Middle East & Africa Payment Processing Solutions Market Outlook, By Technology (2020-2028) ($MN)
- Table 77 Middle East & Africa Payment Processing Solutions Market Outlook, By Deployment Type (2020-2028) ($MN)
- Table 78 Middle East & Africa Payment Processing Solutions Market Outlook, By Organization Size (2020-2028) ($MN)
- Table 79 Middle East & Africa Payment Processing Solutions Market Outlook, By Deployment Model (2020-2028) ($MN)
- Table 80 Middle East & Africa Payment Processing Solutions Market Outlook, By Payment Method (2020-2028) ($MN)
- Table 81 Middle East & Africa Payment Processing Solutions Market Outlook, By End User (2020-2028) ($MN)
- Table 82 Middle East & Africa Payment Processing Solutions Market Outlook, By Architecture (2020-2028) ($MN)