Press release
Payment as a Service Market trends, Top Companies, Share, Growth And Forecast 2033
Payment as a Service Market
The Business Research Company presents an extensive market research report on the Payment as a Service Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The payment as a service market size has grown rapidly in recent years. It will grow from $13.71 billion in 2023 to $16.44 billion in 2024 at a compound annual growth rate (CAGR) of 19.9%. The growth in the historic period can be attributed to regulatory changes, consumer preferences, cost efficiency, security concerns, api economy..
The payment as a service market size is expected to see exponential growth in the next few years. It will grow to $35.32 billion in 2028 at a compound annual growth rate (CAGR) of 21.1%. The growth in the forecast period can be attributed to rapid growth in emerging markets, environmental sustainability, real-time payments, enhanced data privacy measures, continued regulatory developments, personalized customer experiences.. Major trends in the forecast period include digitalization of transactions, mobile technology advancements, cloud technology adoption, partnerships and collaborations, blockchain and cryptocurrency integration, artificial intelligence in fraud detection..
Request for free sample report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=8858&type=smp
Key Market Players:
Major companies operating in the payment as a service market report are Aurus Inc., Total System Services Inc., Ingenico Group SA, Paystand Inc., Mindgate Solutions Private Limited, VoPay International Inc., Agile Payments LLC, Route Mobile Limited, Arcus Financial Intelligence Inc., ACE Software Solutions Inc., StyloPAY Inc., FacilitaPay LLC, PaySky Holding SAL, International Business Machines Corporation., Radar Payments B.V., First Data Corporation, Paysafe Group Limited, Verifone Inc., Alpha Fintech Inc., First American Payment Systems LLC, Pineapple Payments LLC, PPRO Financial Ltd., Valitor hf., Fidelity National Information Services Inc., Helcim Inc., RAMP Holdings Inc., Jeeves Information Systems AB, Revolut Ltd., Ravelin Technology Limited
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. For instance, in July 2021, according to a report published by VISA, a US-based digital payment company, in Southeast Asia, 64% of consumers have tried to go cashless, with the highest percentages occurring in Vietnam (84%), Thailand (82%), and the Philippines (79%). Therefore, the increasing adoption of cashless transactions worldwide is driving the growth of the payment as a service market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/payment-as-a-service-global-market-report
The payment as a service market covered in this report is segmented -
1) By Service: Professional Services, Managed Services
2) By Component: Platform, Services
3) By Vertical: Retail, Hospitality, Media and entertainment, Healthcare, Banking, Financial Services, and Insurance (BFSI), Other Verticals
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
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 Payment as a Service Market trends, Top Companies, Share, Growth And Forecast 2033 here
News-ID: 3362757 • Views: …
More Releases from The Business research company
Smart Food Logistics Market Overview, Key Trends, and Insights on Top Players
The smart food logistics industry is rapidly evolving, driven by innovations aimed at enhancing the efficiency and safety of food transportation and storage. As technology becomes more integrated into supply chains, this market is poised for significant expansion in the coming years. Let's explore the projected market size, key players, emerging trends, and segment breakdowns shaping this dynamic sector.
Projected Market Size of the Smart Food Logistics Market by 2029
The smart…
Leading Companies Reinforcing Their Presence in the Silica Mineral Supplements M …
The silica mineral supplements market is gaining notable traction as consumers increasingly prioritize health and wellness. With rising interest in preventive care and new technological advancements, this sector is set for significant expansion. Let's explore the market's size, key drivers, leading companies, emerging trends, and the main segments shaping its future.
Market Size and Growth Outlook for the Silica Mineral Supplements Market
The silica mineral supplements market is projected to experience robust…
Global Trends Overview: The Fast-Paced Evolution of the Seed Protein Supplements …
The seed protein supplements market is gaining significant traction as consumers increasingly seek plant-based nutrition options. With evolving dietary preferences and technological advancements, this sector is poised for remarkable growth through the end of the decade. Below, we explore the market's size, key players, driving factors, trends, and segmentation to understand its future potential.
Projected Expansion of the Seed Protein Supplements Market Size Through 2029
The seed protein supplements market is set…
Market Structure, Emerging Trends, and Key Player Analysis in the Robotic Weldin …
The robotic welding fume extraction system market is rapidly evolving as industries prioritize safer and cleaner working environments. With the increasing use of robotic welding technologies and a focus on sustainable manufacturing, this sector is poised for significant growth. The following overview highlights the market's value projections, key players, prevailing trends, and segmentation details shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Robotic Welding Fume Extraction System…
More Releases for Payment
Evolving Market Trends In The Bitcoin Payment Ecosystem Industry: NFC-Enabled Cr …
The Bitcoin Payment Ecosystem Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Bitcoin Payment Ecosystem Market Size During the Forecast Period?
The market size of the Bitcoin payment ecosystem has seen swift acceleration in the past few years. Its growth is projected…
Payment Security Market : Increased Adoption of Digital Payment Modes Leading pl …
According to a recent report published by Allied Market Research, titled, "Payment Security Market by Component, Platform, Enterprise Size and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030," the global payment security market size was valued at $17.64 billion in 2020, and is projected to reach $60.56 billion by 2030, growing at a CAGR of 13.2% from 2021 to 2030.
Download Free PDF Report Sample :
https://www.alliedmarketresearch.com/request-sample/10390
Payment security software is used…
Hosted Payment Gateway Segment dominates Payment Gateway Market - TechSci Resear …
Government initiatives towards digitization and surging popularity of digital payment to drive global payment gateway market through 2024
According to TechSci Research report, “Global Payment Gateway Market By Type, By Enterprise Size, By End-User, By Region, Competition, Forecast & Opportunities, 2024”, global payment gateway market is projected to grow at a CAGR of over 8% during 2019-2024, on account of increasing internet penetration, which is aiding growing demand for online transactions.…
Digital Payment Market by Component (Solutions (Payment Processing, Payment Gate …
Magarpatta SEZ, Pune, “ReportsnReports”, one of the world’s prominent market research firms has released a new report on Global Digital Payment Market. The report contains crucial insights on the market which will support the clients to make the right business decisions. This research will help both existing and new aspirants for Digital Payment Market to figure out and study market needs, market size, and competition. The report talks about the…
Digital Payment Market by Payment Gateway Solutions, Payment Wallet Solutions, P …
Digital Payment Market 2019-2025: In 2018, the global Digital Payment market size was xx million US$ and it is projected to surpass xx million US$ by the end of 2025, growing at a CAGR of 18.1% during 2019-2025.
Things Covered in Sample Report
> Deep Dive Strategy & Competition
> Deep Dive Data & Forecasting
> Executive Summary & Core Findings
Get a Quick Sample report at https://decisionmarketreports.com/request-sample?productID=1008739
The key players covered in…
Online Payment Gateway Market Analysis By 2028 | Amazon.com, Avenues India Pvt. …
Future Market Insights (FMI) has recently published a new research report on the online payment gateway market titled “Online Payment Gateway Market: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028).” The report states that the growing prevalence of third party payment processes is expected to have a positive impact on the growth of the global market. Websites have always been a good source for channel merchants for generating revenue. Concentrating…
