Digital Payment Market worth $448.95 billion by 2030, growing at a CAGR of 19.84% - Exclusive Report by 360iResearch

The "Digital Payment Market by Offering (Services, Solutions), Transaction Type (Cross Border, Domestic), Mode of Payment, Deployment Type, Organization Size, Vertical - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Digital Payment Market to grow from USD 105.48 billion in 2022 to USD 448.95 billion by 2030, at a CAGR of 19.84%.

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Digital payment, or e-payment, is a financial transaction carried out electronically instead of using physical cash or checks. It involves transferring money from one party to another through digital means, facilitated through smartphones, tablets, computers, and wearables. The rapid increase in internet penetration has significantly boosted e-commerce activities worldwide. Moreover, the proliferation of smartphones has provided users with easy access to digital payment platforms. However, data privacy concerns may adversely impact the use of digital payment by the end-users. Besides, technological advancements and changing consumer preferences for convenience and security are expected to encourage the adoption of digital payments by the end-use sectors worldwide.

The digital payment market is evolving in the Americas owing to robust infrastructure, high smartphone penetration rates, and increasing adoption of mobile wallets. Financial institutions in the Americas continue investing in fintech initiatives to improve user experience and security features. The European digital payment landscape is characterized by open banking initiatives across the EU and the growth of contactless digital payments. The EMEA region is witnessing rapid growth in digital payments driven by increasing internet penetration rates and an emphasis on developing cashless economies with government-backed digital payment initiatives. The APAC region's digital payment market is growing due to the rise in QR code-based mobile payments developing financial infrastructure. Moreover, the integration of innovative features and incentives within digital payment platforms is expected to encourage global usage among end-users.

Market Segmentation & Coverage:

This research report categorizes the Digital Payment Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Offering, market is studied across Services and Solutions. The Services is further studied across Managed Services and Professional Services. The Professional Services is further studied across Consulting, Implementation, and Support & Maintenance. The Solutions is further studied across Payment Gateway Solutions, Payment Processor Solutions, Payment Wallet Solutions, and Point of Sale (POS) Solutions. The Solutions commanded largest market share of 62.12% in 2022, followed by Services.

Based on Transaction Type, market is studied across Cross Border and Domestic. The Domestic commanded largest market share of 62.12% in 2022, followed by Cross Border.

Based on Mode of Payment, market is studied across Bank Cards, Digital Currencies, Digital Wallets, and Net Banking. The Net Banking commanded largest market share of 39.23% in 2022, followed by Bank Cards.

Based on Deployment Type, market is studied across On-Cloud and On-Premises. The On-Cloud commanded largest market share of 90.79% in 2022, followed by On-Premises.

Based on Organization Size, market is studied across Large Enterprises and Small & Medium-Sized Enterprises. The Large Enterprises commanded largest market share of 57.88% in 2022, followed by Small & Medium-Sized Enterprises.

Based on Vertical, market is studied across Banking, Financial Services, & Insurance, Healthcare, Media & Entertainment, Retail & e-Commerce, Telecommunication, Transportation & Logistics, and Travel & Hospitality. The Banking, Financial Services, & Insurance commanded largest market share of 26.44% in 2022, followed by Retail & e-Commerce.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.49% in 2022, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Digital Payment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Digital Payment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Digital Payment Market, highlighting leading vendors and their innovative profiles. These include ACI Worldwide, Inc., Adyen N.V., Apple Inc., Aurus Inc., BharatPe, BitPay Inc., BlueSnap Inc., Cardstream Limited, CCBill, LLC, CryptoBucks by Aliant Payments Inc., Digital Bharat Pay by FACT Fintech India Private Limited, Dwolla, Inc., Finastra, FIS, Inc., Fiserv, Inc., FLEETCOR TECHNOLOGIES, INC., Global Payments Inc., Google LLC by Alphabet Inc., INGENICO, International Business Machines Corporation, Intuit Inc., JPMorgan Chase & Co., Mastercard International Incorporated, MatchMove Pay Pte Ltd., Microsoft Corporation, PayPal Holdings, Inc., Paysafe Limited, Paysend PLC, Paytm by One97 Communications Limited, PayU Payments Private Limited, Ripple Services Inc., Spreedly, Inc., Square, Inc. by Block, Inc., Stax by Fattmerchant, Inc., Stripe, Inc., Temenos Headquarters SA, Visa Inc., WEX Inc., and Worldline S.A..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Digital Payment Market, by Offering
7. Digital Payment Market, by Transaction Type
8. Digital Payment Market, by Mode of Payment
9. Digital Payment Market, by Deployment Type
10. Digital Payment Market, by Organization Size
11. Digital Payment Market, by Vertical
12. Americas Digital Payment Market
13. Asia-Pacific Digital Payment Market
14. Europe, Middle East & Africa Digital Payment Market
15. Competitive Landscape
16. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Digital Payment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Digital Payment Market?
3. What is the competitive strategic window for opportunities in the Digital Payment Market?
4. What are the technology trends and regulatory frameworks in the Digital Payment Market?
5. What is the market share of the leading vendors in the Digital Payment Market?
6. What modes and strategic moves are considered suitable for entering the Digital Payment Market?

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