Europe Digital Payment Market Impact Analysis of Covid-19 is projected to reach US$ 64,508.08 million by 2028 with CAGR of 14.4%|Business Market Insights

The Europe digital payment market is expected to grow from US$ 25,079.22 million in 2021 to US$ 64,508.08 million by 2028; it is estimated to grow at a CAGR of 14.4% from 2021 to 2028.

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According to The Business Market Insights Europe Digital Payment Market report 2027, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Europe Digital Payment Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Europe Digital Payment Market is based on company profiles and their efforts on increasing product value and production.

The difference between physical and digital commerce is dissolving, and channels are converging increasingly. The in-store purchase experience has shifted significantly closer to the online one due to the strong emphasis on contactless payments during the COVID-19 pandemic. Also, before the pandemic, contactless payments were already well-established in a few countries in Europe. Touchless payments and/or biometric identification are prevalent in online payment methods. Mobile payments, on the other hand, are gaining popularity due to the ease of use and the growing popularity of original equipment manufacturer (OEM) Pay solutions as a retail payment method. In a few countries, retailers and governments proactively request the customers to opt for contactless payments and encourage retailers to provide all possible support to their customers. Many banks have increased their contactless payment limits to reduce the need for a touchpad or cash at the point of sale, owing to the growth of the Europe market.

The final report will add the analysis of the Impact of Covid-19 in this report Europe Digital Payment Market.

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Some of the companies competing in the Europe Digital Payment Market are ACI Worldwide, Inc., Adyen, Block, Inc., Financial Software & Systems Pvt. Ltd., Fiserv, Inc., Global Payments Inc., Novatti Group Ltd, PayPal Holdings, Inc., Paysafe Limited, PayU

Europe Digital Payment Market Segmentation
Europe 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

Europe Digital Payment Market, by Deployment
• On-Premise
• Cloud-Based
Europe Digital Payment Market, by Organization Size
• SMEs
• Large Enterprises

Europe Digital Payment Market, by Industry
• BFSI
• Retail and Ecommerce
• Healthcare
• Travel and Hospitality
• Media and Entertainment
• IT and Telecom
• Others

Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the regional Europe Digital Payment Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Europe Digital Payment Market is analyzed and depicted in the report.

The scope of the Report:
The report segments the regional Europe Digital Payment Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the regional Europe Digital Payment Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

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Reasons for buy this Report
• Highlights key business priorities to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Europe Digital Payment market, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it.

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