
South America Digital Payment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution (Payment Gateways, Payment Processing, Payment Security and Fraud Management, Point of Sale, and Payment Wallet) and Services (Professiona
Description
South America Digital Payment Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution (Payment Gateways, Payment Processing, Payment Security and Fraud Management, Point of Sale, and Payment Wallet) and Services (Professional Services and Managed Services)), Deployment (Cloud-Based and On-Premises), Organization Size (Large Enterprises and SMEs), and Industry (BFSI, Retail and Ecommerce, Healthcare, Travel and Hospitality, Media and Entertainment, IT and Telecom, and Others)
The SAM digital payment market is expected to grow from US$ 2,426.02 million in 2021 to US$ 5,842.24 million by 2028; it is estimated to grow at a CAGR of 13.4% from 2021 to 2028.
The rising demand of the diverse demands of customers, retailers, banks, telecom providers, and gadget suppliers is the primary reason for emerging digital payment model's success. It enables them to go to various locations, such as concerts, trade exhibits, and food trucks, where they may receive money from clients. This is accomplished by properly implementing m POS in the industry. Retailers may use mobile point-of-sale (m POS) systems and associated software to improve consumer interaction, resulting in higher conversion rates and sales. m POS refers to specific integrated devices such as smartphones and tablets that may operate as electronic POS terminals. Mobile POS deployments allow brick-and-mortar retailers to use pricing, product information, and inventory data for attaining omnichannel engagement, which, in turn, is likely to drive the demand for digital payment solutions in SAM during the forecasted period.
The presence of various developing countries in SAM makes this region one of the key markets for the future growth of digital payment solution providers. A rise in population, an increase in disposable income, a surge in demand for advanced technologies, and a huge focus on digital transformation are a few key factors expected to drive the growth of the market in SAM in the coming years. The high number of COVID-19 cases and deaths in major SAM countries, such as Brazil, Peru, Chile, Ecuador, and Argentina, slightly affected the market growth in these countries in 2020. Irrespective of the impact of the pandemic, IT and technology businesses have experienced growth in several countries in SAM due to the accelerated adoption of digital solutions and remote working models. Thus, the COVID-19 pandemic had a negligible negative impact on the digital payment market in SAM in 2020.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM digital payment market. The SAM digital payment market is expected to grow at a good CAGR during the forecast period.
SAM Digital Payment Market Revenue and Forecast to 2028 (US$ Million)
SAM Digital Payment Market Segmentation
SAM Digital Payment Market, by Component
Solution Payment Gateway Payment Processing Payment Security and Fraud Management Point of Sale Payment Wallet Services Professional Services Managed Services SAM Digital Payment Market, by Deployment
On-Premise Cloud-Based SAM Digital Payment Market, by Organization Size
SMEs Large Enterprises SAM Digital Payment Market, by Industry
BFSI Retail and Ecommerce Healthcare Travel and Hospitality Media and Entertainment IT and Telecom Others SAM Digital Payment Market, by Country
Brazil Argentina Rest of SAM SAM Digital Payment Market - Companies Mentioned
ACI Worldwide, Inc. Adyen Financial Software & Systems Pvt. Ltd. Fiserv, Inc. Global Payments Inc. Pay Pal Holdings, Inc. Pay U
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM digital payment market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM digital payment market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the digital payment market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The SAM digital payment market is expected to grow from US$ 2,426.02 million in 2021 to US$ 5,842.24 million by 2028; it is estimated to grow at a CAGR of 13.4% from 2021 to 2028.
The rising demand of the diverse demands of customers, retailers, banks, telecom providers, and gadget suppliers is the primary reason for emerging digital payment model's success. It enables them to go to various locations, such as concerts, trade exhibits, and food trucks, where they may receive money from clients. This is accomplished by properly implementing m POS in the industry. Retailers may use mobile point-of-sale (m POS) systems and associated software to improve consumer interaction, resulting in higher conversion rates and sales. m POS refers to specific integrated devices such as smartphones and tablets that may operate as electronic POS terminals. Mobile POS deployments allow brick-and-mortar retailers to use pricing, product information, and inventory data for attaining omnichannel engagement, which, in turn, is likely to drive the demand for digital payment solutions in SAM during the forecasted period.
The presence of various developing countries in SAM makes this region one of the key markets for the future growth of digital payment solution providers. A rise in population, an increase in disposable income, a surge in demand for advanced technologies, and a huge focus on digital transformation are a few key factors expected to drive the growth of the market in SAM in the coming years. The high number of COVID-19 cases and deaths in major SAM countries, such as Brazil, Peru, Chile, Ecuador, and Argentina, slightly affected the market growth in these countries in 2020. Irrespective of the impact of the pandemic, IT and technology businesses have experienced growth in several countries in SAM due to the accelerated adoption of digital solutions and remote working models. Thus, the COVID-19 pandemic had a negligible negative impact on the digital payment market in SAM in 2020.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM digital payment market. The SAM digital payment market is expected to grow at a good CAGR during the forecast period.
SAM Digital Payment Market Revenue and Forecast to 2028 (US$ Million)
SAM Digital Payment Market Segmentation
SAM Digital Payment Market, by Component
Solution Payment Gateway Payment Processing Payment Security and Fraud Management Point of Sale Payment Wallet Services Professional Services Managed Services SAM Digital Payment Market, by Deployment
On-Premise Cloud-Based SAM Digital Payment Market, by Organization Size
SMEs Large Enterprises SAM Digital Payment Market, by Industry
BFSI Retail and Ecommerce Healthcare Travel and Hospitality Media and Entertainment IT and Telecom Others SAM Digital Payment Market, by Country
Brazil Argentina Rest of SAM SAM Digital Payment Market - Companies Mentioned
ACI Worldwide, Inc. Adyen Financial Software & Systems Pvt. Ltd. Fiserv, Inc. Global Payments Inc. Pay Pal Holdings, Inc. Pay U
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM digital payment market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the SAM digital payment market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the digital payment market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
124 Pages
- 1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 SAM Digital Payment Market - By Component
- 1.3.2 SAM Digital Payment Market - By Deployment
- 1.3.3 SAM Digital Payment Market - By Organization Size
- 1.3.4 SAM Digital Payment Market - By Industry
- 1.3.5 SAM Digital Payment Market - By Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. SAM Digital Payment Market Landscape
- 4.1 Market Overview
- 4.2 SAM PEST Analysis
- 4.3 Ecosystem Analysis
- 4.4 Expert Opinion
- 5. SAM Digital Payment Market- Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Prevalence of Smartphones Enabling Expansion of mCommerce
- 5.1.2 Rising Adoption of Contactless Payments
- 5.2 Market Restraints
- 5.2.1 Lack of International Cross-Border Payment Standards
- 5.3 Market Opportunities
- 5.3.1 Growing Adoption of Open-Banking APIs
- 5.4 Future Trends
- 5.4.1 Surging Demand for Mobile Point of Sales (mPOS)
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Digital Payment Market - SAM Analysis
- 6.1 SAM Digital Payment Market Overview
- 6.2 SAM Digital Payment Market Forecast and Analysis
- 7. SAM Digital Payment Market Analysis - By Component
- 7.1 Overview
- 7.2 SAM Digital Payment Market, by Component (2020 and 2028)
- 7.3 Solutions
- 7.3.1 Overview
- 7.3.2 Solutions: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.3 Payment Gateway
- 7.3.3.1 Overview
- 7.3.3.2 Payment Gateway: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.4 Payment Processing
- 7.3.4.1 Overview
- 7.3.4.2 Payment Processing: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.5 Payment Security and Fraud Management
- 7.3.5.1 Overview
- 7.3.5.2 Payment Security and Fraud Management: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.6 Point of Sale
- 7.3.6.1 Overview
- 7.3.6.2 Point of Sale: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.7 Payment Wallet
- 7.3.7.1 Overview
- 7.3.7.2 Payment Wallet: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4 Services
- 7.4.1 Overview
- 7.4.2 Services: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.3 Professional Services
- 7.4.3.1 Overview
- 7.4.3.2 Professional Services: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.4 Managed Services
- 7.4.4.1 Overview
- 7.4.4.2 Managed Services: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 8. SAM Digital Payment Market Analysis - By Deployment
- 8.1 Overview
- 8.2 SAM Digital Payment Market, by Deployment (2020 and 2028)
- 8.3 On-Premise
- 8.3.1 Overview
- 8.3.2 On-Premise: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 8.4 Cloud-Based
- 8.4.1 Overview
- 8.4.2 Cloud-Based: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 9. SAM Digital Payment Market Analysis - By Organization Size
- 9.1 Overview
- 9.2 SAM Digital Payment Market, by Organization Size (2020 and 2028)
- 9.3 Small and Medium Enterprises
- 9.3.1 Overview
- 9.3.2 Small and Medium Enterprises: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 9.4 Large Enterprises
- 9.4.1 Overview
- 9.4.2 Large Enterprises: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 10. SAM Digital Payment Market Analysis - By Industry
- 10.1 Overview
- 10.2 SAM Digital Payment Market, by Industry (2020 and 2028)
- 10.3 BFSI
- 10.3.1 Overview
- 10.3.2 BFSI: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 10.4 Retail and E-commerce
- 10.4.1 Overview
- 10.4.2 Retail and E-commerce: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 10.5 Healthcare
- 10.5.1 Overview
- 10.5.2 Healthcare: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 10.6 Travel and Hospitality
- 10.6.1 Overview
- 10.6.2 Travel and Hospitality: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 10.7 Media and Entertainment
- 10.7.1 Overview
- 10.7.2 Media and Entertainment: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 10.8 IT and Telecom
- 10.8.1 Overview
- 10.8.2 IT and Telecom: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 10.9 Others
- 10.9.1 Overview
- 10.9.2 Others: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- 11. SAM Digital Payment Market - Country Analysis
- 11.1 Overview
- 11.1.1 SAM Digital Payment Market Breakdown, by Country
- 11.1.1.1 Brazil Digital Payment Market, Revenue and Forecast to 2028
- 11.1.1.1.1 Brazil Digital Payment Market Breakdown, By Component
- 11.1.1.1.2 Brazil Digital Payment Market Breakdown, By Deployment
- 11.1.1.1.3 Brazil Digital Payment Market Breakdown, By Organization Size
- 11.1.1.1.4 Brazil Digital Payment Market Breakdown, By Industry
- 11.1.1.2 Argentina Digital Payment Market, Revenue and Forecast to 2028
- 11.1.1.2.1 Argentina Digital Payment Market Breakdown, By Component
- 11.1.1.2.2 Argentina Digital Payment Market Breakdown, By Deployment
- 11.1.1.2.3 Argentina Digital Payment Market Breakdown, By Organization Size
- 11.1.1.2.4 Argentina Digital Payment Market Breakdown, By Industry
- 11.1.1.3 Rest of SAM Digital Payment Market, Revenue and Forecast to 2028
- 11.1.1.3.1 Rest of SAM Digital Payment Market Breakdown, By Component
- 11.1.1.3.2 Rest of SAM Digital Payment Market Breakdown, By Deployment
- 11.1.1.3.3 Rest of SAM Digital Payment Market Breakdown, By Organization Size
- 11.1.1.3.4 Rest of SAM Digital Payment Market Breakdown, By Industry
- 12. Impact of COVID-19 Pandemic on SAM Digital Payment Market
- 12.1 SAM: Impact Assessment of COVID-19 Pandemic
- 13. Industry Landscape
- 13.1 Overview
- 13.2 Market Initiative
- 13.3 Merger and Acquisition
- 13.4 New Development
- 14. Company Profiles
- 14.1 ACI Worldwide, Inc.
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 Adyen
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 Financial Software & Systems Pvt. Ltd.
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 Fiserv, Inc.
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 Global Payments Inc.
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 PayPal Holdings, Inc.
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 PayU
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 15. Appendix
- 15.1 About The Insight Partners
- 15.2 Glossary
- List of Tables
- Table 1. SAM Digital Payment Market, Revenue and Forecast, 2019-2028 (US$ Mn)
- Table 2. SAM Digital Payment Market, Revenue and Forecast To 2028 - By Country (US$ million)
- Table 3. Brazil Digital Payment Market, Revenue and Forecast to 2028 - By Component (US$ million)
- Table 4. Brazil Digital Payment Market, Revenue and Forecast to 2028 - By Solutions (US$ million)
- Table 5. Brazil Digital Payment Market, Revenue and Forecast to 2028 - By Services (US$ million)
- Table 6. Brazil Digital Payment Market, Revenue and Forecast to 2028 - By Deployment (US$ million)
- Table 7. Brazil Digital Payment Market, Revenue and Forecast to 2028 - By Organization Size (US$ million)
- Table 8. Brazil Digital Payment Market, Revenue and Forecast to 2028 - By Industry (US$ million)
- Table 9. Argentina Digital Payment Market, Revenue and Forecast to 2028 - By Component (US$ million)
- Table 10. Argentina Digital Payment Market, Revenue and Forecast to 2028 - By Solution (US$ million)
- Table 11. Argentina Digital Payment Market, Revenue and Forecast to 2028 - By Services (US$ million)
- Table 12. Argentina Digital Payment Market, Revenue and Forecast to 2028 - By Deployment (US$ million)
- Table 13. Argentina Digital Payment Market, Revenue and Forecast to 2028 - By Organization Size (US$ million)
- Table 14. Argentina Digital Payment Market, Revenue and Forecast to 2028 - By Industry (US$ million)
- Table 15. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 - By Component (US$ million)
- Table 16. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 - By Solution (US$ million)
- Table 17. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 - By Services (US$ million)
- Table 18. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 - By Deployment (US$ million)
- Table 19. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 - By Organization Size (US$ million)
- Table 20. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 - By Industry (US$ million)
- Table 21. Glossary of Terms
- List of Figures
- Figure 1. SAM Digital Payment Market Segmentation
- Figure 2. SAM Digital Payment Market Segmentation - By Country
- Figure 3. SAM Digital Payment Market Overview
- Figure 4. SAM Digital Payment Market, By Component
- Figure 5. SAM Digital Payment Market, By Country
- Figure 6. SAM: PEST Analysis
- Figure 7. Digital Payment Market Ecosystem Analysis
- Figure 8. Expert Opinion
- Figure 9. SAM Digital Payment Market Impact Analysis of Drivers and Restraints
- Figure 10. SAM Digital Payment Market, Forecast and Analysis (US$ Mn)
- Figure 11. SAM Digital Payment Market Revenue Share, by Component (2020 and 2028)
- Figure 12. SAM Solutions: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 13. SAM Payment Gateway: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 14. SAM Payment Processing: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 15. SAM Payment Security and Fraud Management: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 16. SAM Point of Sale: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 17. SAM Payment Wallet: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 18. SAM Services: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 19. SAM Professional Services: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 20. SAM Managed Services: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 21. SAM Digital Payment Market Revenue Share, by Deployment (2020 and 2028)
- Figure 22. SAM On-Premise: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 23. SAM Cloud-Based: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 24. SAM Digital Payment Market Revenue Share, by Organization Size (2020 and 2028)
- Figure 25. SAM Small and Medium Enterprises: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 26. SAM Large Enterprises: Digital Payment Market- Revenue and Forecast to 2028 (US$ Million)
- Figure 27. SAM Digital Payment Market Revenue Share, by Industry (2020 and 2028)
- Figure 28. SAM BFSI: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 29. SAM Retail and E-commerce: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 30. SAM Healthcare: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 31. SAM Travel and Hospitality: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 32. SAM Media and Entertainment: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 33. SAM IT and Telecom: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 34. SAM Others: Digital Payment Market - Revenue and Forecast to 2028 (US$ Million)
- Figure 35. SAM Digital Payment Market Overview, By Country - 2020 (US$ Mn)
- Figure 36. SAM Digital Payment Market Breakdown, by Country, 2020 & 2028 (%)
- Figure 37. Brazil Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
- Figure 38. Argentina Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
- Figure 39. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
- Figure 40. Impact of COVID-19 Pandemic in SAM Country Markets
Pricing
Currency Rates
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