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Payment Orchestration Platform Market worth $6.62 billion by 2030, growing at a CAGR of 17.27% - Exclusive Report by 360iResearch
Payment Orchestration Platform Market | 360iResearch
The Global Payment Orchestration Platform Market to grow from USD 2.17 billion in 2023 to USD 6.62 billion by 2030, at a CAGR of 17.27%.
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Payment orchestration platforms (POPs) automate the payment process, enabling online merchants to reduce operational costs. These platforms help eCommerce, business-to-business, and customer-to-customer business models to minimize the costs of processing their payments by routing transactions through the channels offering the lowest prices. A payment orchestration platform integrates multiple applications and services to automate a process or provide real-time data synchronization. The use of POP is increasing owing to the rising use of online payments due to the growing adoption of smartphones & real-time payment gateways and the emerging trend of buy now, pay later (BNPL) among vendors. Issues related to privacy & security and lack of flexibility associated with payment orchestration platforms can pose a challenge to penetration of payment orchestration platforms. Additionally, the introduction of technologically advanced payment orchestration platforms presents various opportunities for the growth of the market.
The increasing digitization and the rising popularity of online payment technologies, coupled with the rapid adoption of POP among consumers, are expected to bolster the adoption of POP in the Americas region. The presence of several POP providers, increasing digital transactions, and the need to secure transactions boost the utilization of payment orchestration platforms (POPs) across the Americas. The market of payment orchestration platforms in the Asia-Pacific is expected to grow faster due to the rising eCommerce sector and businesses adopting the automated payment process. In addition, numerous fintech players are launching POP for eCommerce merchants in the Asia-Pacific, further boosting the availability of payment orchestration platforms in the region. Supportive government initiatives for the digitalization of the finance sector are positively influencing the payment orchestration platforms market in the Asia-Pacific. The growing availability of real-time payment gateways with consumer-attracting offers favors the growth of POP in the Europe, Middle East, & African (EMEA) market. The increasing transaction of cross-border payments by the end-use industries and POP enhancement with evolving technologies, including artificial intelligence (AI), drive the growth of POP in the EMEA region.
Market Segmentation & Coverage:
This research report categorizes the Payment Orchestration Platform Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across B2B, B2C, and C2C. The B2C commanded largest market share of 42.20% in 2023, followed by B2B.
Based on Function, market is studied across Advanced Analytics & Reporting, Cross Border Transactions, and Risk Management. The Cross Border Transactions commanded largest market share of 38.72% in 2023, followed by Advanced Analytics & Reporting.
Based on End-Use, market is studied across Banking, Financial Services & Insurance, Consumer Goods & Retail, Education, Healthcare & Life Sciences, Manufacturing, Telecommunication, and Travel & Hospitality. The Banking, Financial Services & Insurance commanded largest market share of 33.66% in 2023, followed by Consumer Goods & Retail.
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 39.92% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Payment Orchestration Platform 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 Payment Orchestration Platform 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 Payment Orchestration Platform Market, highlighting leading vendors and their innovative profiles. These include ACI Worldwide, Inc., Adyen N.V., Aevi International GmbH, Akurateco Lab, APEXX Fintech Limited, BlueSnap Inc., BR-DGE by Comcarde Limited, BridgerPay, CellPoint Digital Ltd., Checkout.com Group, Corefy, GoCardless Ltd., Gr4vy, Inc., Ikajo International B.V., Integrated Research, IXOLIT Group, Judopay by Alternative Payments Ltd, Justt Fintech Ltd., Linked2pay, ModoPayments, LLC, Monei Digital Payments SL, Nexio, NORBr B.V., PayDock Pty Ltd., Payoneer Global Inc., PayTabs Group, PayWall, Pine Labs Private Limited, PPRO Financial Ltd., Rebilly, Inc., Recurly, Inc., Spreedly, Inc., Stripe, Inc., Trintech Inc., Very Good Security, Inc., Visa Inc., When Then Limited, WLPayments B.V., Worldline S.A., Worldpay, Inc., Zai Auatralia Pty.Ltd., and ZOOZ Mobile Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Payment Orchestration Platform Market, by Type
7. Payment Orchestration Platform Market, by Function
8. Payment Orchestration Platform Market, by End-Use
9. Americas Payment Orchestration Platform Market
10. Asia-Pacific Payment Orchestration Platform Market
11. Europe, Middle East & Africa Payment Orchestration Platform Market
12. Competitive Landscape
13. 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 Payment Orchestration Platform Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Payment Orchestration Platform Market?
3. What is the competitive strategic window for opportunities in the Payment Orchestration Platform Market?
4. What are the technology trends and regulatory frameworks in the Payment Orchestration Platform Market?
5. What is the market share of the leading vendors in the Payment Orchestration Platform Market?
6. What modes and strategic moves are considered suitable for entering the Payment Orchestration Platform Market?
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