Digital Payment Market Size, Segmentation, Share, Growth, Trend Analysis 2026

The global Digital Payment market is projected to grow from USD 88.1 billion in 2021 to USD 180.2 billion by 2026 at a compound annual growth rate (CAGR) of 15.4 % during the forecast period. An increasing initiative by the government globally to promote digital payment is driving the growth of the digital payment market.

Get Sample of Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=209834053

Among services, the professional service segment is estimated to lead the digital payment market during the forecast period

The professional service segment includes consulting, implementation, support, and maintenance. The professional services manage client records, offer customized services and simplify billing. Also, consulting services emphasize recognizing value clusters with cost-benefit analysis. Professional services accelerate digital transformation and increase customer loyalty and retention.

The Large enterprise segment is set to emerge as the largest market during the forecast period.

Large enterprises consist of employee size, which is more than 1000 individuals. There is significant adoption of digital payment solutions by large enterprises to increase the profitability of the business. Digital payment transactions are convenient, safer, and cost-effective and also by automating specific business processes increases the productivity of large enterprises. Therefore, there is an increase in the adoption of digital payment solutions.

Asia Pacific segment is projected to grow at the fastest growth rate during the forecast period.

The Asia Pacific constitutes thriving economies such as India, Australia, and Japan are also essentially implementing digital payment solutions. In the Asia Pacific, consumers show deep interest in adopting innovative new technologies and digital payment methods. Banks governments are increasingly supporting the sustainable development of new payment methods by incorporating them through regulation, boosting security, and educating customers. Hence, the region is expected to witness the fastest growth rate during the forecast period.

Get More Info @ https://www.marketsandmarkets.com/Market-Reports/digital-payment-market-209834053.html

Market Players

The major vendors covered in the digital payment market include PayPal (US), FIS (US), Square (US), VISA (US), Mastercard (US), Apple (US), WEX (US), Aurus (US), JPMorgan Chase (US), Clover (US), Braintree (US), Dwolla (US).

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

This release was published on openPR.