openPR Logo
Press release

P2P Payment Market Poised for Impressive Expansion at 17.3% CAGR, Projected to Thrive Beyond 2030: Key Players Include PayPal Holdings and Square

06-03-2024 01:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

P2P Payment Market

P2P Payment Market

According to the report published by Allied Market Research, the global P2P payment market generated $1,889.16 billion in 2020, and is estimated to garner $9,097.06 billion by 2030, witnessing a CAGR of 17.3% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.

โžก๏ธ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž & ๐“๐Ž๐‚: https://www.alliedmarketresearch.com/request-sample/2568

Rise in adoption of online banking, mobile banking, and e-commerce by consumers and increase in smartphones usage among the younger generation drive the global P2P payment market. Furthermore, rise of the m-commerce industry in emerging economies supplements the market growth. However, increase in data breaches and security issues in P2P payments hinder the market growth. On the contrary, demand for efficient & hassle-free transaction services and surge in usage of NFC, RFID, and host card emulation technology in P2P payments would provide opportunities in the coming years.

The report offers detailed segmentation of the global P2P payment market size based on transaction mode, payment type, end user, application, and region. Based on payment type, the remote segment accounted for the highest share in 2020, contributing to more than three-fifths of the total share, and is estimated to maintain its leadership status throughout the forecast period. However, the proximity segment is projected to manifest the fastest CAGR of 18.9% from 2021 to 2030.

Based on application, the retail segment held the largest share in 2020, contributing to around one-third of the global P2P payment market, and is estimated to maintain its lead position during the forecast period. However, the hospitality & transportation segment is projected to manifest the largest CAGR of 22.1% from 2021 to 2030.

Based on region, Asia-Pacific contributed to the highest share in 2020, accounting for more than one-third of the total share, and is expected to continue its dominance in terms of revenue by 2030. Moreover, this region is estimated to portray the largest CAGR of 20.1% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.

โžก๏ธ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐–๐ž ๐จ๐Ÿ๐Ÿ๐ž๐ซ ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ฌ ๐ฉ๐ž๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ซ๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ : https://www.alliedmarketresearch.com/request-for-customization/2568

Leading players of the global P2P payment market analyzed in the research include Alibaba.com, Circle International Financial Limited, Apple Inc., One97 Communications Limited (Paytm), Google LLC, Square, Inc., PayPal Holdings Inc., Wise Payments Limited, WePay Inc., and Zelle. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

P2P Payment Market Key Segments

By Transaction Mode

Mobile Web Payments
Near Field Communication
SMS/Direct Carrier Billing
Others

By Payment Type

Remote
Proximity

By End User

Personal
18 to 30 Year
31 to 54 Year
55 to 73 Year
Business

By Application

Media & Entertainment
Energy & Utilities
Healthcare
Retail
Hospitality & Transportation
Others

โžก๏ธ๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ :
https://www.alliedmarketresearch.com/purchase-enquiry/2568

Key Benefits For Stakeholders

The study provides an in-depth analysis of the P2P payment market forecast along with the current trends and future estimations to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on the global P2P payment market is provided in the report.
Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2020 to 2030 is provided to determine the P2P payment market trends.

๐“๐จ๐ฉ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:
B2C Payments Market https://www.alliedmarketresearch.com/b2c-payment-market-A08297

Group Life Insurance Market https://www.alliedmarketresearch.com/group-life-insurance-market-A14963

Universal Life Insurance Market https://www.alliedmarketresearch.com/universal-life-insurance-market-A15152

Crop Insurance Market https://www.alliedmarketresearch.com/crop-insurance-market-A06791

Check Cashing Services Market https://www.alliedmarketresearch.com/check-cashing-services-market-A10531

Latin America Pet Insurance Market https://www.alliedmarketresearch.com/latin-america-pet-insurance-market-A15892

U.S. Insurance Third Party Administrator Market https://www.alliedmarketresearch.com/us-insurance-third-party-administrator-market-A14535

David Correa

1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA.

Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285

UK: +44-845-528-1300

India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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 P2P Payment Market Poised for Impressive Expansion at 17.3% CAGR, Projected to Thrive Beyond 2030: Key Players Include PayPal Holdings and Square here

News-ID: 3523207 • Views: โ€ฆ

More Releases from Allied Market Research

Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices. Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529 What Are Urinary Drainage Bags? Urinary drainage bags are specialized medical devices designed to collectโ€ฆ
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growthโ€ฆ
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Billion by 2030; Growing at a CAGR of 17.2%
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil โ€ฆ
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario. Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strictโ€ฆ
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of 5.6%
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of โ€ฆ
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise inโ€ฆ

All 5 Releases


More Releases for P2P

P2P Content Delivery Network (P2P CDN) Market to Witness Growth by 2024-2031
The P2P Content Delivery Network (P2P CDN) market has emerged as a transformative force in the digital content distribution landscape. P2P CDNs leverage peer-to-peer technology to distribute content efficiently, reducing the strain on centralized servers and enhancing delivery speeds. This market has experienced substantial growth due to the increasing demand for high-quality video streaming, online gaming, and other content-rich applications. P2P CDNs enable more scalable and cost-effective content delivery, makingโ€ฆ
P2P Content Delivery Network (P2P CDN) Market is Touching New Development Level โ€ฆ
The latest independent research document on P2P Content Delivery Network (P2P CDN) examines investment in Market. It describes how companies deploying these technologies across various industry verticals aim to explore their potential to become major business disrupters. The P2P Content Delivery Network (P2P CDN) study eludes very useful reviews & strategic assessments including the generic market trends, emerging technologies, industry drivers, challenges, and regulatory policies that propel the market growth,โ€ฆ
Revving Up Indonesia's P2P Lending Market: 3 Catalyst Driving the Indonesia's P2 โ€ฆ
Indonesia has witnessed a rapid increase in internet and smartphone usage, leading to greater accessibility and creating a conducive environment for P2P lending platforms to reach a large customer base. Introduction The peer-to-peer (P2P) lending market in Indonesia has experienced significant growth in recent years, driven by various factors. P2P lending platforms, also known as financial technology (FinTech) platforms, provide an alternative financing option for individuals and businesses, particularly those who areโ€ฆ
P2P Content Delivery Network (P2P CDN) Market to See Huge Demand by 2030: Alibab โ€ฆ
2022-2030 World P2P Content Delivery Network (P2P CDN) Market Report Professional Analysis 2022 is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the P2P Content Delivery Network (P2P CDN) Market. Some of the key players profiledโ€ฆ
Global and United States P2P Content Delivery Network (P2P CDN) Market Trends | โ€ฆ
The Global and United States P2P Content Delivery Network (P2P CDN) research report is the professional report with the premium insights which includes the size of the business, the ongoing patterns, drivers, dangers, conceivable outcomes and primary segments. The Market Report predicts the future progress of the Global and United States P2P Content Delivery Network (P2P CDN) market based on accurate estimations. Furthermore, the report offers actionable insights into theโ€ฆ
P2P Content Delivery Network (P2P CDN) Market to see Booming Worldwide | Major G โ€ฆ
A Qualitative Research Study accomplished by HTF MI Titled on Global P2P Content Delivery Network (P2P CDN) Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 with detailed information of Product Types [Video & Non-video], Applications [Media and Entertainment, Gaming, Retail and eCommerce, Education, Healthcare & Others] & Key Players Such as Streamroot, Alibaba Group, Viblast, Globecast, Edgemesh, Peer5, Akamai, Qumu Corporation & CDNvideo etc. The Study providesโ€ฆ