Press release
30.6% Growth Rate for “Real-Time Payments Market” by 2023 – Top Key Players ACI Worldwide, FIS, Fiserv , Mastercard, Worldline , PayPal ,Visa, Apple etc.
Real-Time Payments Market report analyzed by supply demand with global trends analysis and this report shows the current market status with industry chain structure of Real-Time Payments Market. The report deeply described by experts team and made full report on Real-Time Payments Market with Forecasts 2023.Global Real-Time Payments Market size to grow from US$ 6.8 Billion in 2018 to US$ 25.9 Billion by 2023, at a CAGR of 30.6% during the forecast period. The major growth factors expected to drive the growth of the RTP market include the high proliferation of smart phones, adoption of cloud-based solutions, customers’ demand for immediacy of payments and quicker payment settlements, and the government initiatives.
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Pages-182
Table-79
Figure-57
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Top Vendors in the “Real-Time Payments Market”
• ACI Worldwide(US)
• FIS (US)
• Fiserv (US)
• Mastercard (US)
• Worldline (France)
• PayPal (US)
• Visa (US)
• Apple (US)
• Ant Financial (China)
• INTELLIGENT PAYMENTS (Gibraltar)
• Tmenos (Swtizerland)
• Wirecard (Germany)
• Global Payments (US)
• Capgemini (France)
• IntegraPay (Australia)
• SIA (Italy)
• Obopay (India)
• Ripple (US)
• Pelican (UK)
• Finastra (UK)
• Nets (Denmark)
• FSS (India)
• Montran (US)
• REPAY (US)
• iCon Solutions (UK)
The report segments the global Real-Time Payments Market by nature of payment, component,deployment mode, enterprise size,vertical,and region.The nature of payment segment includes P2P,P2B, B2P, and others (B2B,G2B, B2G, P2G, and G2P). The component segment comprises solutions and services.The RTP market by deployment mode has been segmented into cloud and on-premises.
Real Time Payments Market, By Deployment Mode: On-Premises, Cloud
Market By Enterprise Size: Small and Medium-Sized Enterprises, Large Enterprises
Real Time Payments Market, By Nature of Payment: Person-to-Person, Person-To-Business, Business-To-Person
The Real-Time Payments Market by nature of payment has been segmented into Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), and others (Business-to-Business (B2B), Government-to-Business (G2B),Business-to-Government(B2G), Person-to-Government (P2G), and Government-to-Person (G2P)).
APAC has distinctively been one of the fastest-growing markets in terms of rapidly adopting Real-Time Payments solutions. The RTP market is also termed as the next big boom with regards to the ever-increasing adoptions across the APAC region. The RTP market in APAC has gained traction, due to the rising demand for quick, hassle-free, and secured payment systems.
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Objectives
• To define, describe, and forecast the size of the real time payments market by nature of payment (Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), and others), component (solutions and services), deployment mode (cloud and on-premises), vertical (Banking, Financial Services, and Insurance (BFSI), IT and telecom, transport, retail and eCommerce, government, energy and utilities, and others), and region (North America, Asia Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA)). The report also aims at providing detailed information about major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
• To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the real time payments market
• The report also aims at providing detailed information about the major factors influencing the growth of the real time payments market (drivers, restraints, opportunities, and challenges).
• To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To study the complete value chain of market
• To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the real time payments ecosystem
• To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
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