Growth Predicted for Payment Processing Solutions Market, COVID-19 Pandemic puts Existing Projections in Jeopardy – KDMI Report

KD Market Insights (KDMI) recently published market research report on the Global Payment Processing Solutions market, this market research report provides detailed analysis of market drivers, challenges, opportunity analysis, and trends, along with various key insights into the market research report. The report on global Payment Processing Solutions market demonstrates the important aspects that are anticipated to shape the growth of the market over the forecast period. The study also includes the analysis of the market size & forecast for the different segments and geographies.

The global Payment Processing Solutions market is anticipated to reach at a notable value by the end of 2025. The market is envisioned to grow at a considerable CAGR over the forecast period i.e. 2020-2025. In the past years, the market has grown at a significant rate and is projected to showcase a lucrative growth in the upcoming years.

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Internet access has reached every corner of the world, boosting online shopping. In the 21st century, smartphones have also become an essential part of several individuals. The growth of eCommerce is driven by the rapid adoption of technology, driven by the increasing use of smartphones and tablets and internet access via 4 G, 5 G, etc. The continuous acceleration of eCommerce promotes the use of ePayments and produces significant advantages. EPayments help overcome the complicated and expensive process of collecting cash physically for a product purchased or sold online. In addition, ePayment innovations can ease carrying out payments and other financial services, which can boost additional opportunities for eCommerce. Therefore, increasing eCommerce sales are expected to positively impact the growth of the market for payment processing solutions.
The study for global Payment Processing Solutions market covers the key market growth indicators such as value and supply chain analysis, year-on-year (Y-o-Y) growth and compounded annual growth rate (CAGR), in the KDMI’s research report along with macroeconomic indicators & forecast factors. Also, the analysis of Porter’s Five Forces demonstrates the five forces which include buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the global Payment Processing Solutions market.

Impact of Coronavirus Disease (COVID-19) on Global Payment Processing Solutions Market

The coronavirus or COVID-19 (formerly 2019-nCoV) broke out in December 2019, which has been imposed as a medical emergency worldwide. More than 213 countries and territories have reported cases of coronavirus to date. On 11th March 2020, the World Health Organization (WHO) declared the COVID-19 a pandemic officially. The study explains the impact of coronavirus disease (COVID-19) on global Payment Processing Solutions market, covering the following points:

- Impact analysis of COVID-19 on the global Payment Processing Solutions market in the upcoming years.
- Detailed research regarding each region & countries will be listed, to identify the issues caused by the coronavirus disease on the market.
- Strategies adopted by the major & prominent market players in order to survive in the situation of COVID-19 lockdown.

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Key Insights Covered in the Global Payment Processing Solutions Market Report
• Analysis of market including the market forecast, Y-o-Y growth and structure of the industry.
• Leading market growth factors, market trends and upcoming opportunities driving the growth of the market.
• Identifying the barriers & threats hindering the market growth.
• Detailed analysis of major & prominent players in the market & also covering a comprehensive analysis of the company’s business and performance.
• Various market activities covering the market research report including product launch, innovation, acquisition, expansion, technological advancement, research & development & other market activities.

Segment Outlook

The global Payment Processing Solutions market is segmented (By Technology, By Deployment Model, By Mode of Payment, By Organization Size, and By End-user). This market research report offers comprehensive data and information about the global Payment Processing Solutions market dynamics & growth parameters related to these categories. Further, the market is sub-segmented as follows:

By Technology
 Near-Field Communication (NFC)
 QR Code
 EMV

By Deployment Model
 In-store
 Online
 Mobile

By Mode of Payment
 Credit Cards
 Debit Cards
 E-wallets

By Organization Size
 SMEs
 Large Enterprises

By End-user
 Tourism and Hospitality
 Retail & E-commerce
 Healthcare
 BFSI
 Government and Public Sector

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Regional Prospect

In terms of geography, the market for Payment Processing Solutions is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition to this, further classification of market data and analysis of region into countries is covered in the report. Further, the geographies are fragmented into the regional & country groupings:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape

The market research report on the global Payment Processing Solutions market also provides the detailed strategic analysis of the company’s business and performance including the financial information, revenue breakup by segment and by geography, SWOT Analysis, key factors, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news and other market activities. The market research report also provides company’s positioning and market share of the major & niche key market players in global Payment Processing Solutions market. In addition to this, the report also profiles various major & niche key market players in the global Payment Processing Solutions market including:

 PayPal Holdings Inc.
 Global Payments Inc.
 First Data Corporation
 Square Inc.
 Wirecard AG
 Naspers Limited
 Visa Inc.
 Jack Henry & Associates Inc.
 Adyen N.V.
 Paysafe Group Limited.
 Other Major & Niche Players

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