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Digital Payment Market

Digital Payment Market Forecasts to 2028 – Global Analysis By Mode of Payment (Internet Based, Bank Cards), Organization Size (Large Enterprises, Small & Medium Enterprises (SMEs)), and By Geography

4.3 (36 reviews)
Published: November 2021 ID: SMRC21114
4.3 (36 reviews)
Published: November 2021 ID: SMRC21114

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Digital Payment Market is accounted for $29.34 billion in 2020 and is expected to reach $62.89 billion by 2028 growing at a CAGR of 10.0% during the forecast period. Increasing adoption of smartphones & e-commerce applications and the changing consumer trend are the major factors propelling the market growth. However, chances of frauds in transactions and lack of global standards for cross-border payments are hampering the market growth.

A digital payment is a mode of payments that are carried out using digitally electronic gadgets such as smartphones, tablets and computers etc to purchase good s and services. The digital payments are different from physical cash or cheques and operate directly from bank accounts & servers. This type of payments is considered safe and reliable as they do not have chance of physical damage or theft and can be used from wherever possible easily with all the required updates. In recent days, governments are framing necessary rules and regulations to completely adopt digital payments due to its accountability.

Based on end user, the healthcare segment is estimated to have a lucrative growth due to the government’s efforts for improvement in infrastructure and the increasing number of patients, which leads to long queues. Moreover, with the aging population in several countries, having an easy-to-use digital payment method can be a progressive step to encourage wider digital payment adoption across various age demographics.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the favorable regulatory environment, infrastructure upgrades, high smartphone penetration, and subsidized data plans. The reason for high smartphone adoption is the launch of affordable phones by Chinese brands that offer flagship-grade features and capabilities.

Some of the key players profiled in the Digital Payment Market include 2Checkout, ACI Worldwide, Apple Inc, Due, FattMerchant, Fiserv, Global Payments, Intuit, Mastercard Incorporated, Paypal, Paysafe, Stripe, Visa Inc, Wex, and Worldline.

Components Covered:
• Services
• Solutions

Mode of Payments Covered:
• Internet Based    
• Bank Cards    

Means of Payments Covered:
• Contact-less Payment Methods  
• Contact Payment Methods   

Deployment Modes Covered:
• Cloud     
• On-Premises     

Organization Sizes Covered:
• Large Enterprises    
• Small & Medium Enterprises (SMEs)   

End Users Covered:
• Telecom and Information Technology (IT)   
• Retail and E-Commerce    
• Banking, Financial Services, and Insurance (BFSI)  
• Media and Entertainment    
• Healthcare     
• Transportation and Logistics
• Government    
• Automobiles   
• Travel and Hospitality

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary     
       
2 Preface      

 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 End User Analysis    
 3.7 Emerging Markets    
 3.8 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes           
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Digital Payment Market, By Component  
 5.1 Introduction    
 5.2 Services     
  5.2.1 Managed Services       
  5.2.2 Professional Services      
   5.2.2.1 Support and Maintenance Services
   5.2.2.2 Consulting Services    
   5.2.2.3 System Integration and Deployment Services
 5.3 Solutions     
  5.3.1 Payment Security and Fraud Management Solutions
  5.3.2 Payment Gateway Solutions     
  5.3.3 Payment Processing Solutions    
  5.3.4 Wallet Solutions   
  5.3.5 Transaction Risk Management  
  5.3.6 Application Program Interface  
       
6 Global Digital Payment Market, By Mode of Payment 
 6.1 Introduction    
 6.2 Internet Based          
  6.2.1 e-Wallets & Mobile Payment Applications
  6.2.2 Digital Currencies       
   6.2.2.1 Bitcoins      
  6.2.3 Netbanking       
  6.2.4 Other Internet Based     
   6.2.4.1 Artificial Intelligence Devices (AI Devices)
   6.2.4.2 Social Media Payments   
 6.3 Bank Cards         
  6.3.1 Point of Sale (POS) Devices     
  6.3.2 Automated Teller Machine (ATM)   
       
7 Global Digital Payment Market, By Means of Payment 
 7.1 Introduction    
 7.2 Contact-less Payment Methods      
 7.3 Contact Payment Methods       
       
8 Global Digital Payment Market, By Deployment Mode 
 8.1 Introduction    
 8.2 Cloud           
 8.3 On-Premises          
       
9 Global Digital Payment Market, By Organization Size 
 9.1 Introduction    
 9.2 Large Enterprises         
 9.3 Small & Medium Enterprises (SMEs)      
       
10 Global Digital Payment Market, By End User  
 10.1 Introduction    
 10.2 Telecom and Information Technology (IT)     
 10.3 Retail and E-Commerce         
 10.4 Banking, Financial Services, and Insurance (BFSI)    
 10.5 Media and Entertainment        
 10.6 Healthcare          
 10.7 Transportation and Logistics   
 10.8 Government         
 10.9 Automobiles        
 10.10 Travel and Hospitality   
       
11 Global Digital Payment Market, By Geography  
 11.1 Introduction    
 11.2 North America    
  11.2.1 US    
  11.2.2 Canada    
  11.2.3 Mexico    
 11.3 Europe     
  11.3.1 Germany    
  11.3.2 UK    
  11.3.3 Italy    
  11.3.4 France    
  11.3.5 Spain    
  11.3.6 Rest of Europe   
 11.4 Asia Pacific    
  11.4.1 Japan    
  11.4.2 China    
  11.4.3 India    
  11.4.4 Australia    
  11.4.5 New Zealand   
  11.4.6 South Korea   
  11.4.7 Rest of Asia Pacific   
 11.5 South America    
  11.5.1 Argentina   
  11.5.2 Brazil    
  11.5.3 Chile    
  11.5.4 Rest of South America  
 11.6 Middle East & Africa   
  11.6.1 Saudi Arabia   
  11.6.2 UAE    
  11.6.3 Qatar    
  11.6.4 South Africa   
  11.6.5 Rest of Middle East & Africa  
       
12 Key Developments     
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
 12.2 Acquisitions & Mergers   
 12.3 New Product Launch   
 12.4 Expansions    
 12.5 Other Key Strategies   
       
13 Company Profiling     
 13.1 2Checkout    
 13.2 ACI Worldwide          
 13.3 Apple Inc.         
 13.4 Due     
 13.5 FattMerchant    
 13.6 Fiserv            
 13.7 Global Payments          
 13.8 Intuit     
 13.9 Mastercard Incorporated       
 13.10 Paypal           
 13.11 Paysafe           
 13.12 Stripe     
 13.13 Visa Inc.          
 13.14 Wex     
 13.15 Worldline    


List of Tables      
1 Global Digital Payment Market Outlook, By Region (2019-2028) ($MN)
2 Global Digital Payment Market Outlook, By Component (2019-2028) ($MN)
3 Global Digital Payment Market Outlook, By Services (2019-2028) ($MN)
4 Global Digital Payment Market Outlook, By Managed Services (2019-2028) ($MN)
5 Global Digital Payment Market Outlook, By Professional Services (2019-2028) ($MN)
6 Global Digital Payment Market Outlook, By Solutions (2019-2028) ($MN)
7 Global Digital Payment Market Outlook, By Payment Security and Fraud Management Solutions (2019-2028) ($MN)
8 Global Digital Payment Market Outlook, By Payment Gateway Solutions (2019-2028) ($MN)
9 Global Digital Payment Market Outlook, By Payment Processing Solutions (2019-2028) ($MN)
10 Global Digital Payment Market Outlook, By Wallet Solutions (2019-2028) ($MN)
11 Global Digital Payment Market Outlook, By Transaction Risk Management (2019-2028) ($MN)
12 Global Digital Payment Market Outlook, By Application Program Interface (2019-2028) ($MN)
13 Global Digital Payment Market Outlook, By Mode of Payment (2019-2028) ($MN)
14 Global Digital Payment Market Outlook, By Internet Based (2019-2028) ($MN)
15 Global Digital Payment Market Outlook, By e-Wallets & Mobile Payment Applications (2019-2028) ($MN)
16 Global Digital Payment Market Outlook, By Digital Currencies (2019-2028) ($MN)
17 Global Digital Payment Market Outlook, By Netbanking (2019-2028) ($MN)
18 Global Digital Payment Market Outlook, By Other Internet Based (2019-2028) ($MN)
19 Global Digital Payment Market Outlook, By Bank Cards (2019-2028) ($MN)
20 Global Digital Payment Market Outlook, By Point of Sale (POS) Devices (2019-2028) ($MN)
21 Global Digital Payment Market Outlook, By Automated Teller Machine (ATM) (2019-2028) ($MN)
22 Global Digital Payment Market Outlook, By Means of Payment (2019-2028) ($MN)
23 Global Digital Payment Market Outlook, By Contact-less Payment Methods (2019-2028) ($MN)
24 Global Digital Payment Market Outlook, By Contact Payment Methods (2019-2028) ($MN)
25 Global Digital Payment Market Outlook, By Deployment Mode (2019-2028) ($MN)
26 Global Digital Payment Market Outlook, By Cloud (2019-2028) ($MN)
27 Global Digital Payment Market Outlook, By On-Premises (2019-2028) ($MN)
28 Global Digital Payment Market Outlook, By Organization Size (2019-2028) ($MN)
29 Global Digital Payment Market Outlook, By Large Enterprises (2019-2028) ($MN)
30 Global Digital Payment Market Outlook, By Small & Medium Enterprises (SMEs) (2019-2028) ($MN)
31 Global Digital Payment Market Outlook, By End User (2019-2028) ($MN)
32 Global Digital Payment Market Outlook, By Telecom and Information Technology (IT) (2019-2028) ($MN)
33 Global Digital Payment Market Outlook, By Retail and E-Commerce (2019-2028) ($MN)
34 Global Digital Payment Market Outlook, By Banking, Financial Services, and Insurance (BFSI) (2019-2028) ($MN)
35 Global Digital Payment Market Outlook, By Media and Entertainment (2019-2028) ($MN)
36 Global Digital Payment Market Outlook, By Healthcare (2019-2028) ($MN)
37 Global Digital Payment Market Outlook, By Transportation and Logistics (2019-2028) ($MN)
38 Global Digital Payment Market Outlook, By Government (2019-2028) ($MN)
39 Global Digital Payment Market Outlook, By Automobiles (2019-2028) ($MN)
40 Global Digital Payment Market Outlook, By Travel and Hospitality (2019-2028) ($MN)
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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