Navigating the Future: Real-Time Payments Market Trends and Forecast Insights, 2025 Edition

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Real-Time Payments Market Size Growth Forecast: What to Expect by 2025?
There has been a significant expansion in the real-time payments market size over the past few years. The market, which stood at $37.22 billion in 2024, is projected to rise to $48.97 billion in 2025, equating to a compound annual growth rate (CAGR) of 31.6%. Factors contributing to the growth during the historical period include rising consumer expectations for immediate satisfaction, increased adoption of mobile and digital wallets, global scaling and cross-border transactions, regulatory efforts, and the expansion of e-commerce.

How Will the Real-Time Payments Market Size Evolve and Grow by 2029?
Expectations are high for a significant expansion of the real-time payments market in the upcoming years. The market is predicted to multiply to $169.32 billion by 2029, boasting a compound annual growth rate (CAGR) of 36.4%. Several factors are contributing to this projected growth during the forecast period, including a surge in the need for business proficiency, shifts in consumer habits, heightened security precautions, amplified initiatives for financial inclusivity, and the emergence of central bank digital currencies (CS). In the same period, key trends like open banking and API integration, peer-to-peer (P2P) and social payments, blockchain and distributed ledger technology, immediate payroll and business payments, and customer experience enhancement are anticipated.

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What Drivers Are Propelling the Growth of Real-Time Payments Market Forward?
The rise in smartphone usage is projected to boost the development of the real-time payment market in the future. A smartphone is a handheld electronic device that merges a computer with sophisticated functionalities previously unseen in phones, including an operating system, internet access, and the capability to use software applications. The expansive usage of smartphones globally has allowed for real-time payment transactions, making smartphone payments a preferred option for consumers. For instance, as of October 2023, the GSMA, a non-profit organization based in the UK, states that 4.6 billion people utilize mobile internet, nearly 4 billion of these via smartphones. This equates to almost half (49%) of the global populace. Additionally, approximately 600 million individuals, accounting for 8% of the global population, connect to the internet utilizing feature phones. This underscores smartphones' crucial role in global connectivity. The tendency favors smartphones over feature phones for internet access, signifying the significant influence of rising smartphone usage on the expansion of the real-time payment market.

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Which Emerging Trends Are Transforming the Real-Time Payments Market in 2025?
The evolution of technology is a prevalent trend gaining traction in the real-time payments industry. The principal companies in this sector are centred on innovating new technologies to enhance their standing within the market. For example, in April 2022, IBM, an American tech corporation active in the real-time payments market, introduced a new generation mainframe equipped with artificial intelligence technology. This latest IBM z16 processor is capable of facilitating deep learning-based fraud detection for all transactions.

What Are the Key Segments in the Real-Time Payments Market?
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, Healare, 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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Who Are the Key Players Shaping the Real-Time Payments Market's Competitive Landscape?
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.

What Geographic Markets Are Powering Growth in the Real-Time Payments Market?
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

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