Real-Time Payments Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

Which drivers are expected to have the greatest impact on the over the real-time payments market's growth?
The rising prevalence of smartphones is anticipated to drive the expansion of the real-time payment market. Smartphones, portable electrical devices that blend computing capabilities with advanced features not earlier seen in regular telephones, such as an operating system, web surfing ability, and the application execution potential, have revolutionized payments. The ubiquity of smartphones across the globe has made real-time payment transactions possible, turning smartphone payments into a preferred method for users. For example, as reported by the U.K. based non-profit organisation, GSMA, in October 2023, 4.6 billion people are currently utilizing mobile internet, with almost 4 billion of them doing so through their smartphones. This represents nearly half (49%) of the world population. Plus, approximately 600 million individuals, equating to 8% of the world's populace, are getting online using feature phones. This brings to light the crucial part mobile devices play in worldwide connectivity. The prevailing trend indicates smartphones are preferred over feature phones for internet connectivity. Consequently, the escalating smartphone penetration is spurring the growth of the real-time payment market.

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What is the future CAGR of the real-time payments market, and how will it impact industry expansion?
The dimensions of the real-time payments market has been escalating at an exponential rate in the past few years. Projections suggest an increase from $37.22 billion in 2024 to a staggering $48.97 billion in 2025, boasting a compound annual growth rate (CAGR) of 31.6%. This substantial growth during the historical period is due to factors such as the consumer's increasing demand for immediate satisfaction, the adoption of mobile and digital wallets, global and cross-border transactional activities, governing body initiatives, and the expansion of e-commerce.

The market size of real-time payments is predicted to witness massive expansion in the coming years, reaching $169.32 billion in 2029 with a compound annual growth rate (CAGR) of 36.4%. The anticipated surge in the upcoming years can be credited to the growing need for business effectiveness, evolving consumer tendencies, improved security protocols, amplified financial inclusion drives, and the emergence of central bank digital currencies . Key trends for the forecast period comprise of open banking and API integration, peer-to-peer (P2P) and social transactions, blockchain and distributed ledger technologies, real-time business and payroll payments, and enhancement of customer experience.

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What are the most significant trends transforming the real-time payments market today?
Innovations in technology have surfaced as a primary trend expanding its presence in the real-time payments industry. Leading businesses active in this sector are concentrating on the creation of novel technologies to fortify their market standing. To illustrate, IBM, an American tech firm operating within the realm of real-time payments, rolled out a new generation mainframe embedded with AI capabilities in April 2022. This fresh IBM z16 processor encompasses the capacity for detecting fraud in all transactions, providing a basis for deep learning.

Which key market segments comprise the real-time payments market and drive its revenue growth?
The real-time payments market covered in this report is segmented -

1) By Component: Solutions, Services
2) By Type: Person-To-Person (P2P), Person-To-Business (P2B), Business-To-Person (B2P), Others (Business-To-Government (B2G), Government-To-Business (G2B), Business-To-Business (B2B), Person-To-Government (P2G), And Government-To-Person (G2P))
3) By Enterprise Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Deployment: On-Premise, Cloud
5) By End Users: Retail And E-commerce, Government And Utilities, Healthcare, Telecom And IT, Travel And Hospitality, BFSI, Other End-Users

Subsegments:
1) By Solutions: Payment Processing Solutions, Payment Gateway Solutions, Fraud Detection And Prevention Solutions, Real-Time Payment Systems
2) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Managed Services

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What regions are at the forefront of real-time payments market expansion?
Asia-Pacific was the largest region in the real-time payments market in 2024.North America is expected to be the fastest-growing region in the forecast period. The regions covered in the real-time payments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the leading players fueling growth in the real-time payments market?
Major companies operating in the real-time payments market include ACI Worldwide Inc., FIS Corporation, Fiserv Inc., Mastercard Inc., Visa Inc., Temenos AG, Wirecard AG, Capgemini SE, Finastra Limited, Montran Corporation Ltd., Ripple Labs Inc., PelicanFast, IntegraPay Pty Ltd., Worldpay Inc., Volante Technologies Inc., PayPal Holdings Inc., Square Inc., Stripe Inc., Worldline SA, Global Payments Inc., Adyen N. V., Ant Financial Services Group, Apple Inc., Google LLC, Samsung Electronics Co. Ltd., Tencent Holdings Limited, Paytm (One97 Communications Ltd. ), PayU (Naspers Ltd. ), Dwolla Inc., TransferWise Ltd.

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What Is Covered In The Real-Time Payments Global Market Report?

•Market Size Forecast: Examine the real-time payments market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the real-time payments market for a structured understanding.
•Key Players Overview: Analyze major players in the real-time payments market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the real-time payments market.
•Segment Contributions: Evaluate how different segments drive overall growth in the real-time payments market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the real-time payments market.
•Industry Challenges: Identify potential risks and obstacles affecting the real-time payments market.
•Competitive Landscape: Review strategic developments in the real-time payments market, including expansions, agreements, and new product launches.

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