openPR Logo
Press release

Digital Payment Market Estimated to Reach USD 287.56 Billion Globally By 2030 | CAGR of 14.83%

Digital Payment Market Estimated to Reach USD 287.56 Billion

Market overview:

The method of cashless banking enables consumers to send and receive money via electronic means. The finest aspect of this type of transaction is that it fully does away with the use of money since anything is done through wallets, digital currency modes, Net banking, and other similar methods. Marketing Research Future (MRFR) forecasts the electronic payments industry will reach 287.56 billion USD with a 14.83% CAGR from 2020-2030, based on the adoption of online payments networks in 2020 alone (forecast period). International attempts to promote online currencies, the higher incidence of mobile phones allowing mobile business development, an increase in eCommerce sales, and a rise in Internet usage are all projected to cause the online payments industry to develop.

The COVID-19 epidemic has had a substantial effect on several companies and professions. Whether it is in the production, travel, tourism, logistics, health services, or retail sectors, COVID-19 has significantly slowed down the chances for corporate growth. Companies including IT, finance and economic resources, telecommunications, and investment management could not prevent the impact of the epidemic in front of the new standard of WFH, and the public sector was also not an exception in this regard. Governmental support for contactless payment methods to stop the infection' from spreading, however, has greatly boosted the industry for electronic payments.

Request a sample of this research report: https://www.marketresearchfuture.com/sample_request/7572

Digital Payment Market Major Players:
There are various players in the field who are going to make a sustainable difference; some of the prominent players are PayPal, Visa Inc., MasterCard Incorporated, Amazon.com, Paytm Mobile Solutions Private Limited, Alipay.com Co. Ltd and so on.

Furthermore, following the WHO's guidelines, the bulk of individuals chose electronic payment methodologies like UPI, Wallets, NEFT, IMPS, etc. as their chosen shape of transaction for money transfers, bill payments, or payments for any sort of product or activity. In reality, many independent company entities and merchants were left with little choice but to provide their customers with an online shopping experience; this resulted in a significant increase in the overall market share of digital payment platforms.

Also, with the effects of COVID-19 in particular, the industry for digital payments has had a significant rising trend recently. It is now widely acknowledged that e-commerce may be a crucial instrument in the global economic sphere. E-commerce purchases have been a huge source of help for small and medium-sized enterprises. As a result, e-commerce will give the digital payment market unwavering assistance in the days ahead as it increases to a record peak. Strong global growth in the adoption of smartphones has made online currencies a much more practical and consumer choice in underdeveloped countries.

Browse Full Report: https://www.marketresearchfuture.com/reports/digital-payment-market-7572

Market segmentation:

This market is segmented into three major groups that are component, deployment, and vertical. Based on the component this is divided into solutions and services. Based on the deployment this is divided into the cloud and On-Premises. Based on the vertical it is divided into the Bfsi, Media & Entertainment, IT & telecommunication, hospitality, healthcare, and retail & e-commerce.

Regional classification:

This market is classified into five major regional groups that are North America which is dominant, Asia-Pacific, Middle East, and Africa.

Check Discount: https://www.marketresearchfuture.com/check-discount/7572

Industry news:

The major player in this market is PayPal, MasterCard Incorporated, Paytm mobile solutions Private Limited, Visa Inc., Amazon.com, and last Alipay.com Co. Ltd.

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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 Digital Payment Market Estimated to Reach USD 287.56 Billion Globally By 2030 | CAGR of 14.83% here

News-ID: 2763736 • Views:

More Releases from Market Research Future (MRFR)

Tofu Market to Reach USD 2.7 Billion by 2032 at 9.01% CAGR Driven by Rising Plant-Based Food Preferences
Tofu Market to Reach USD 2.7 Billion by 2032 at 9.01% CAGR Driven by Rising Plan …
The global tofu market is poised for substantial growth over the next decade, projected to reach an impressive valuation of USD 2.7 billion by 2032. This expansion reflects a compound annual growth rate (CAGR) of 9.01% from 2024 to 2032, fueled by a surge in consumer demand for plant-based foods and an evolving global food culture. As more consumers seek healthier and sustainable alternatives to animal-based protein sources, tofu has
Plant-Based Food Ingredients Market to Hit USD 40.2 Billion by 2035 at 7.96% CAGR Driven by Health & Sustainability
Plant-Based Food Ingredients Market to Hit USD 40.2 Billion by 2035 at 7.96% CAG …
The global plant-based food ingredients market is witnessing remarkable growth, propelled by an increasing shift in consumer preferences toward healthier and more sustainable food options. According to recent market research by Market Research Future, the market was valued at USD 16.03 billion in 2023 and is projected to reach an impressive USD 40.2 billion by 2035. This growth trajectory is expected to continue at a compound annual growth rate (CAGR)
Semolina Market to Reach USD 2.57 Billion by 2032 at 2.31% CAGR, Driven by Health Trends & Flour Mill Growth
Semolina Market to Reach USD 2.57 Billion by 2032 at 2.31% CAGR, Driven by Healt …
The global semolina market is poised for steady growth over the coming decade, with its valuation expected to reach USD 2.57 billion by 2032. According to the latest Market Research Future analysis, the market was valued at USD 2.12 billion in 2023 and is projected to expand from USD 2.14 billion in 2024 to USD 2.57 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.31% during the
Ginger Extract Market to Reach USD 2.18 Billion by 2034 at 5.4% CAGR Driven by Demand for Natural Ingredients
Ginger Extract Market to Reach USD 2.18 Billion by 2034 at 5.4% CAGR Driven by D …
The global ginger extract market is poised for substantial growth in the coming decade, with a projected valuation of USD 2.18 billion by 2034. According to the latest analysis from Market Research Future, the market was valued at USD 1.29 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2034. This robust growth trajectory is largely fueled by increasing

All 5 Releases


More Releases for USD

Chlorella Market Reach USD 465.85 Million USD by 2030
Market Growth Fueled by Increased Adoption of Plant-Based Proteins and Health Supplements Global Chlorella Market size was valued at USD 303.75 Mn. in 2023 and the total Chlorella revenue is expected to grow by 6.3 % from 2024 to 2030, reaching nearly USD 465.85 Mn. . The growth of the market is majorly due to increase in the consumer awareness about health, the inclination towards plant-based food such as chlorella and
Bamboo Clothing Market: USD 1.83B to USD 3.27B by 2030
Bamboo Clothing Market Poised for Robust Growth with Sustainability and Eco-Friendly Trends Driving Demand The global bamboo clothing market is experiencing substantial growth, spurred by a significant shift towards sustainable fashion and eco-friendly materials. As consumers become increasingly conscious of their environmental impact, bamboo fabric-known for its natural, biodegradable properties-is gaining popularity in the fashion industry. This market is expected to continue its upward trajectory, driven by rising demand for eco-conscious
Biometrics Market: "Biometrics: USD 34.3B to USD 112.4B by 2031"
Biometrics Market Market Scope: Key Insights : Biometrics Market size was valued at USD 34.3 billion in 2022 and is poised to grow from USD 39.1 billion in 2023 to USD 112.4 billion by 2031, growing at a CAGR of 14.1% during the forecast period (2024-2031). Discover Your Competitive Edge with a Free Sample Report :https://www.skyquestt.com/sample-request/biometrics-market Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/biometrics-market In-Depth Exploration of the global Biometrics
Advanced (3D/4D) Visualization Systems Market Size, Trends, Growth, Share to sur …
Fatpos Global has carefully studied specific areas, such as application and product type, in the global Advanced (3D/4D) Visualization Systems Market research study. During the predicted period of 2022 to 2032, each kind gives data on sales. The Advanced (3D/4D) Visualization Systems Market analysis examines into the characteristics and financials of the leading participants. As per the analysis research report, the Advanced (3D/4D) Visualization Systems Market to
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com. There is a $3,000,000
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa." These days many businesses are adopting a market research report