Payment as a Service Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | Aurus Inc., Total System Services Inc (TSYS), Ingenico, Paystand Inc., Mindgate Solutions Private Limited

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Payment As A Service Market Size, Growth Rate, And Forecast
The global payment as a service market is expected to grow from $11.40 billion in 2022 to $13.83 billion in 2023 at a compound annual growth rate (CAGR) of 21.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The payment as a service market is expected to grow to $29.79 billion in 2027 at a CAGR of 21.2%.

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Payment As A Service Market Drivers
The increasing adoption of cashless transactions worldwide is expected to propel the growth of the payment as a service market going forward. A cashless transaction is an automated or online transaction between two people, companies, or organizations. With the help of payment as a service (PaaS) technology providers and cloud-based platforms, banks and credit unions can quickly expand and modernize their payment capabilities without making a significant initial investment.

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Payment As A Service Market Segments
• By Service: Professional Services, Managed Services
• By Component: Platform, Services
• By Vertical: Retail, Hospitality, Media and entertainment, Healthcare, Banking, Financial Services, and Insurance (BFSI), Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Payment As A Service market.

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Payment As A Service Market Key Players
Major competitors in the Payment As A Service market include Aurus Inc., Total System Services Inc (TSYS), Ingenico, Paystand Inc., Mindgate Solutions Private Limited, VoPay International Inc., Agile Payments, Route Mobile, Arcus Financial Intelligence Inc., Pelican (ACE Software Solutions Inc.)

The Business Research Company's "Global Payment As A Service Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Payment As A Service Market Include:
1. Executive Summary
2. Payment As A Service Market Characteristics
3. Payment As A Service Market Trends And Strategies
4. Payment As A Service Market - Macro Economic Scenario
5. Payment As A Service Market Size And Growth
……….
28. Key Mergers And Acquisitions In The Payment As A Service Market
29. Payment As A Service Market Future Outlook and Potential Analysis
30. Appendix

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