Press release
Top 3 Reasons Driving the Global Market of Online Payment at 23.7% CAGR to 2027 By Fortune Business Insights | Alipay.com Co Ltd., Adyen, American Express Co., JPMorgan Chase & Co, Facebook Inc.
Highlights of the Report:
While making the online payment market report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market.
For More Information Request Sample Copy https://www.fortunebusinessinsights.com/enquiry/sample/online-payment-market-103417
Key questions answered in the report:
What will the Online Payment Market growth rate of Online Payment Market in 2027?
What are the key factors driving the global market?
Who are the key manufacturers in Online Payment Market space?
What are the market opportunities, market risk and market overview of the market?
What are sales, revenue, and price analysis of top manufacturers of Online Payment Market?
Who are the distributors, traders and dealers of market?
What are the Online Payment Market opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by types and applications of market?
What are sales, revenue, and price analysis by regions of Online Payment Market industry?
Drivers and Restraints-
Increasing Adoption of Online Payment Platforms by Retail Industry will Boost Growth
The retail industry is considered to be one of the major contributors to the online payment market growth as it is adopting such platforms rapidly. The main aim behind this is to gather consumer data, such as the intervals of shopping, preferences, and their most purchased items. They are further utilizing such data to deliver personalized customer services. Starbucks, for instance, introduced its this payment app for customers where they can choose food and beverages and pay for the same directly from their bank accounts. Besides, the company started offering services, such as loyalty points and discount codes for enhancing customer engagement.
However, the outbreak of the COVID-19 pandemic has started to cause a shift in the Online Payment Market. The consumer behavior is transforming at a fast pace owing to the increasing need to prevent the spread of the virus. Hence, they are opting for contactless transactions and are using digital wallets. As per a survey by the MasterCard Corporation, around 79% of customers are using contactless payment worldwide to maintain safety. There is also a reduction in transactions because of the complete shutdown of hospitality, aviation, travel, and entertainment industries. It may hamper the demand for online payment solutions.
Have Any Query? Speak To Analyst https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/online-payment-market-103417
Highlights of the Report:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Online Payment Market.
Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Online Payment Market
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the Online Payment Market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Online Payment Market
Segment-
Digital Wallet Segment to Exhibit Steady Growth Owing to Presence of Renowned Players
Based on payment type, the Online Payment Market is segregated into digital wallet, online banking, and mobile payment. Out of these, the online banking segment held 38.4% in terms of online payment market share in 2019. The digital wallet segment is set to exhibit significant growth backed by the emergence of several providers, such as Facebook, Amazon, and Google. They are constantly offering excellent customer experiences and value-added features.
Regional Analysis-
Asia Pacific to Remain at the Forefront Fueled by Rising Online Transactions
In Asia Pacific, China is expected to be the dominant country and a major contributor to the Online Payment Market growth. India is experiencing higher adoption of online payment platforms backed by the increasing government initiatives. Asia Pacific generated USD 1,148.51 billion in terms of revenue in 2019. Europe, on the other hand, is anticipated to showcase a considerable growth during the forthcoming years stoked by the rising investments by the international online payment providers, namely, PayPal and Alipay, as well as the increasing competition among various companies.
Get Your Customized Report https://www.fortunebusinessinsights.com/enquiry/customization/online-payment-market-103417
Competitive Landscape-
Key Players Aim to Gain Competitive Edge through Partnerships and App Launches
The Online Payment Market houses a large number of renowned companies that are presently striving to gain a competitive edge either by launching novel apps or by joining hands with the other enterprises. Some of them are also trying to widen their geographic footprints by launching in-house services. Below are two of the latest industry developments:
November 2019: Facebook introduced Facebook Pay, its latest online payment system that can be used across WhatsApp, Instagram, Messenger, and Facebook. People can easily send money to each other through the Messenger app and store their data for usage across the company’s family of apps.
October 2018: PayPal and American Express broadened their partnership for enhancing digital payments experience for the members of the U.S. American Express Card. It will only be applicable to those paying with Venmo and PayPal.
Fortune Business Insights™ lists out the names of all the online payment providers operating in the global Online Payment Market. They are as follows:
com Co., Ltd. (Hangzhou China)
Adyen (Amsterdam Netherlands)
American Express Co. (New York USA)
ACI Worldwide Inc. (Florida USA)
JPMorgan Chase and Co (New York USA)
Facebook Inc. (California USA)
MasterCard Incorporated (New York USA)
Apple Inc. (New York USA)
Amazon Inc. (Washington USA)
PayPal, Inc. (California USA)
Visa, Inc. (California USA)
Quick Buy -Online Payment Market:
https://www.fortunebusinessinsights.com/checkout-page/103417
Contact:
Name: Ashwin Arora
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Top 3 Reasons Driving the Global Market of Online Payment at 23.7% CAGR to 2027 By Fortune Business Insights | Alipay.com Co Ltd., Adyen, American Express Co., JPMorgan Chase & Co, Facebook Inc. here
News-ID: 2439707 • Views: …
More Releases from Fortune Business Insights™
World Environment Day 2023: How Saving Water Can Help Us Save The Environment
Wastewater comes from homes, businesses, industrial sites and farms, as well as any stormwater or groundwater that enters the sewer system.
Specialised treatment plants process this wastewater. A combination of technologies is used to achieve the treatment objectives, based on the character of raw wastewater and use of the treated wastewater. These processes include primary, secondary and tertiary treatment. Our research, published today, found wastewater treatment removes a lot of particles,…
Cosmetics Market Research Analysis by Top Key Players, Types, New Trends and For …
The global cosmetics industry was valued at USD 277.67 billion in 2020 and is projected to grow from USD 287.94 billion in 2021 to USD 415.29 billion in 2028, exhibiting a CAGR of 5% during the 2021-2028 period.
In recent times, demand for makeup and skincare products has surged dramatically. Both men and women use it to enhance their overall appearance. The industry offers a wide variety of products, such as hair care, face care,…
Aquafeed Market Trends, Growth, Share, Size and Forecast Research Report 2028
The global aquafeed market size is anticipated to reach USD 85.17 billion by 2028 and exhibit a CAGR of 5.59% during the forecast period. The increasing popularity of aquafeed and the rising investments in the research and developments activities are projected to foster growth for the market. The market's growth is also ascribable to the increasing seafood trade due to the soaring seafood consumption and consumer expenditure on fish and…
Cricket Equipment Market Demand, Recent Trends, Size and Share Estimation by 202 …
The global cricket equipment market size was valued at USD 564.43 million in 2021 and USD 594.46 million in 2022. The market is expected to reach USD 897.02 million by 2029 with a CAGR of 6.05% during the forecast period. Growing demand for cricket bats and equipment from various institutions schools, colleges, cricket clubs, and fitness centers is anticipated to drive market growth. Increasing demand for customized sports products and cricket accessories…
More Releases for Pay
Proximity Payment Market is Going to Boom | Major Giants Apple Pay, Google Pay, …
HTF MI just released the Global Proximity Payment Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
𝐌𝐚𝐣𝐨𝐫 Giants in Proximity Payment Market are:
Apple Pay, Google Pay, Samsung…
Mobile Wallet (NFC, Digital Wallet) Market to Witness Stunning Growth | Apple Pa …
HTF MI recently introduced Global Mobile Wallet (NFC, Digital Wallet) Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2024-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence. Some key players from the complete study are Apple Pay, Google Pay, Samsung Pay, PayPal, Alipay, WeChat Pay,…
Unified Payments Interface (UPI) Market Is Booming Worldwide | Google Pay, Amazo …
The latest study released on the Global Unified Payments Interface (UPI) Market by AMA Research evaluates market size, trend, and forecast to 2028. The Unified Payments Interface (UPI) market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about…
Unified Payments Interface (UPI) Market May See a Big Move | Major Giants Samsun …
The latest study released on the Global Unified Payments Interface (UPI) Market by AMA Research evaluates market size, trend, and forecast to 2027. The Unified Payments Interface (UPI) market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about…
Samsung Pay Market is Booming Worldwide with Samsung Pay, Apple Pay, Google Pay
HTF Market Intelligence released a new research report of 23 pages on title 'Samsung Pay - Competitor Profile' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, LATAM, United States, GCC, Southeast Asia, Europe, APAC, United Kingdom, India or China etc and important players such as Samsung Pay, Apple Pay, Google Pay, Alipay, Tenpay, Samsung Electronics, Visa, Mastercard.
Request a sample report @ https://www.htfmarketreport.com/sample-report/3587660-samsung-pay-competitor-profile
Summary
Samsung…
Mobile Payment Market may see a big Move: Apple Pay, Samsung Pay, Amazon Pay
A new business intelligence report released by HTF MI with title "Global Mobile Payment Market Report 2020" is designed covering micro level of analysis by manufacturers and key business segments. The Global Mobile Payment Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some…
