Global Digital Payments Market 2022-2032 by Component (Solutions, Services), Mode of Payment (POS, Banking Cards, Digital Wallet, Net Banking, Crypto Payments, Others), Deployment Type (On-Premises, Cloud-based), Industry Vertical, Organization Size, and Region: Trend Forecast and Growth Opportunity
- Category: Banking And Finance
- Published Date: Feb 2023
- Publisher: GMD Research
- Pages: 175
Global digital payments market will reach $8,132.6 billion by 2032, growing by 16.4% annually over 2022-2032, driven by government initiatives for the promotion of digital payments, progressive changes in regulatory frameworks, better customer experience, high proliferation of smartphones enabling M-commerce growth, increase in E-commerce sales, and the growing internet penetration.
Highlighted with 84 tables and 92 figures, this 175-page report “Global Digital Payments Market 2022-2032 by Component (Solutions, Services), Mode of Payment (POS, Banking Cards, Digital Wallet, Net Banking, Crypto Payments, Others), Deployment Type (On-Premises, Cloud-based), Industry Vertical, Organization Size, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global digital payments market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global digital payments market in every aspect of the classification from perspectives of Component, Mode of Payment, Deployment Type, Industry Vertical, Organization Size, and Region.
Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Solutions
o Payment Gateway Solutions
o Payment Processing Solutions
o Payment Security and Fraud Management Solutions
o Transaction Risk Management
o Application Program Interface
o Other Solutions
• Services
o Professional Services
o Managed Services
Based on Mode of Payment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Point of Sale (POS)
• Banking Cards
• Digital Wallet
• Net Banking
• Crypto Payments
• Other Modes of Payment
By Deployment Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• On-Premises Deployment
• Cloud-based Deployment
By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• BFSI
• Retail and E-commerce
• Healthcare
• Travel and Hospitality
• Media and Entertainment
• IT & Telecommunication
• Transportation and Logistics
• Other Industry Verticals
By Organization Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Small and Medium-Sized Enterprises
• Large Enterprises
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE,Saudi Arabia, South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and split of each national market by Component, Mode of Payment, and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
ACI Worldwide Inc.
Adyen N.V.
Aliant Payment Systems Inc.
Alipay.com Co., Ltd.
Alphabet Inc.
Amazon Payments Inc. (Amazon.com Inc.)
Apple Inc.
Fiserv Inc.
Global Payments Inc.
MasterCard Incorporated (MasterCard)
Mobiamo Inc.
PayPal Holdings Inc.
Paytm (One97 Communications limited)
Square Inc.
Stripe Inc.
Visa Inc.
Wordplay Inc. (Fidelity National Information Services)
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Highlighted with 84 tables and 92 figures, this 175-page report “Global Digital Payments Market 2022-2032 by Component (Solutions, Services), Mode of Payment (POS, Banking Cards, Digital Wallet, Net Banking, Crypto Payments, Others), Deployment Type (On-Premises, Cloud-based), Industry Vertical, Organization Size, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global digital payments market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global digital payments market in every aspect of the classification from perspectives of Component, Mode of Payment, Deployment Type, Industry Vertical, Organization Size, and Region.
Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Solutions
o Payment Gateway Solutions
o Payment Processing Solutions
o Payment Security and Fraud Management Solutions
o Transaction Risk Management
o Application Program Interface
o Other Solutions
• Services
o Professional Services
o Managed Services
Based on Mode of Payment, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Point of Sale (POS)
• Banking Cards
• Digital Wallet
• Net Banking
• Crypto Payments
• Other Modes of Payment
By Deployment Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• On-Premises Deployment
• Cloud-based Deployment
By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• BFSI
• Retail and E-commerce
• Healthcare
• Travel and Hospitality
• Media and Entertainment
• IT & Telecommunication
• Transportation and Logistics
• Other Industry Verticals
By Organization Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Small and Medium-Sized Enterprises
• Large Enterprises
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE,Saudi Arabia, South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and split of each national market by Component, Mode of Payment, and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
ACI Worldwide Inc.
Adyen N.V.
Aliant Payment Systems Inc.
Alipay.com Co., Ltd.
Alphabet Inc.
Amazon Payments Inc. (Amazon.com Inc.)
Apple Inc.
Fiserv Inc.
Global Payments Inc.
MasterCard Incorporated (MasterCard)
Mobiamo Inc.
PayPal Holdings Inc.
Paytm (One97 Communications limited)
Square Inc.
Stripe Inc.
Visa Inc.
Wordplay Inc. (Fidelity National Information Services)
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 25
2.2 Major Growth Drivers 27
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter’s Fiver Forces Analysis 40
3 Segmentation of Global Market by Component 44
3.1 Market Overview by Component 44
3.2 Solutions 46
3.2.1 Payment Gateway Solutions 48
3.2.2 Payment Processing Solutions 49
3.2.3 Payment Security and Fraud Management Solutions 50
3.2.4 Transaction Risk Management 51
3.2.5 Application Program Interface 52
3.2.6 Other Solutions 53
3.3 Services 54
3.3.1 Professional Services 55
3.3.2 Managed Services 56
4 Segmentation of Global Market by Mode of Payment 57
4.1 Market Overview by Mode of Payment 57
4.2 Point of Sale 59
4.3 Banking Cards 60
4.4 Digital Wallet 61
4.5 Net Banking 62
4.6 Crypto Payments 63
4.7 Other Modes of Payment 64
5 Segmentation of Global Market by Deployment Type 65
5.1 Market Overview by Deployment Type 65
5.2 On-Premises Deployment 67
5.3 Cloud-based Deployment 68
6 Segmentation of Global Market by Industry Vertical 69
6.1 Market Overview by Industry Vertical 69
6.2 BFSI 71
6.3 Retail and E-commerce 72
6.4 Healthcare 73
6.5 Travel and Hospitality 74
6.6 Media and Entertainment 75
6.7 IT & Telecommunication 76
6.8 Transportation and Logistics 77
6.9 Other Industry Verticals 78
7 Segmentation of Global Market by Organization Size 79
7.1 Market Overview by Organization Size 79
7.2 Small and Medium-Sized Enterprises 81
7.3 Large Enterprises 82
8 Segmentation of Global Market by Region 83
8.1 Geographic Market Overview 2022-2032 83
8.2 North America Market 2022-2032 by Country 87
8.2.1 Overview of North America Market 87
8.2.2 U.S. 91
8.2.3 Canada 94
8.2.4 Mexico 96
8.3 European Market 2022-2032 by Country 98
8.3.1 Overview of European Market 98
8.3.2 Germany 102
8.3.3 U.K. 104
8.3.4 France 106
8.3.5 Spain 108
8.3.6 Italy 110
8.3.7 Netherlands 112
8.3.8 Rest of European Market 114
8.4 Asia-Pacific Market 2022-2032 by Country 116
8.4.1 Overview of Asia-Pacific Market 116
8.4.2 Japan 120
8.4.3 China 123
8.4.4 Australia 125
8.4.5 India 127
8.4.6 South Korea 129
8.4.7 Rest of APAC Region 131
8.5 South America Market 2022-2032 by Country 133
8.5.1 Argentina 136
8.5.2 Brazil 138
8.5.3 Chile 140
8.5.4 Rest of South America Market 142
8.6 MEA Market 2022-2032 by Country 143
8.6.1 UAE 146
8.6.2 Saudi Arabia 148
8.6.3 South Africa 150
8.6.4 Other National Markets 152
9 Competitive Landscape 153
9.1 Overview of Key Vendors 153
9.2 New Product Launch, Partnership, Investment, and M&A 156
9.3 Company Profiles 157
ACI Worldwide Inc. 157
Adyen N.V. 159
Aliant Payment Systems Inc. 160
Alipay.com Co., Ltd. 161
Alphabet Inc. 162
Amazon Payments Inc. (Amazon.com Inc.) 163
Apple Inc. 164
Fiserv Inc. 165
Global Payments Inc. 166
MasterCard Incorporated (MasterCard) 167
Mobiamo Inc. 168
PayPal Holdings Inc. 169
Paytm (One97 Communications limited) 170
Square Inc. 171
Stripe Inc. 172
Visa Inc. 173
Wordplay Inc. (Fidelity National Information Services) 174
RELATED REPORTS 175
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 22
2.1.2 Impact of COVID-19 on the Market 25
2.2 Major Growth Drivers 27
2.3 Market Restraints and Challenges 33
2.4 Emerging Opportunities and Market Trends 36
2.5 Porter’s Fiver Forces Analysis 40
3 Segmentation of Global Market by Component 44
3.1 Market Overview by Component 44
3.2 Solutions 46
3.2.1 Payment Gateway Solutions 48
3.2.2 Payment Processing Solutions 49
3.2.3 Payment Security and Fraud Management Solutions 50
3.2.4 Transaction Risk Management 51
3.2.5 Application Program Interface 52
3.2.6 Other Solutions 53
3.3 Services 54
3.3.1 Professional Services 55
3.3.2 Managed Services 56
4 Segmentation of Global Market by Mode of Payment 57
4.1 Market Overview by Mode of Payment 57
4.2 Point of Sale 59
4.3 Banking Cards 60
4.4 Digital Wallet 61
4.5 Net Banking 62
4.6 Crypto Payments 63
4.7 Other Modes of Payment 64
5 Segmentation of Global Market by Deployment Type 65
5.1 Market Overview by Deployment Type 65
5.2 On-Premises Deployment 67
5.3 Cloud-based Deployment 68
6 Segmentation of Global Market by Industry Vertical 69
6.1 Market Overview by Industry Vertical 69
6.2 BFSI 71
6.3 Retail and E-commerce 72
6.4 Healthcare 73
6.5 Travel and Hospitality 74
6.6 Media and Entertainment 75
6.7 IT & Telecommunication 76
6.8 Transportation and Logistics 77
6.9 Other Industry Verticals 78
7 Segmentation of Global Market by Organization Size 79
7.1 Market Overview by Organization Size 79
7.2 Small and Medium-Sized Enterprises 81
7.3 Large Enterprises 82
8 Segmentation of Global Market by Region 83
8.1 Geographic Market Overview 2022-2032 83
8.2 North America Market 2022-2032 by Country 87
8.2.1 Overview of North America Market 87
8.2.2 U.S. 91
8.2.3 Canada 94
8.2.4 Mexico 96
8.3 European Market 2022-2032 by Country 98
8.3.1 Overview of European Market 98
8.3.2 Germany 102
8.3.3 U.K. 104
8.3.4 France 106
8.3.5 Spain 108
8.3.6 Italy 110
8.3.7 Netherlands 112
8.3.8 Rest of European Market 114
8.4 Asia-Pacific Market 2022-2032 by Country 116
8.4.1 Overview of Asia-Pacific Market 116
8.4.2 Japan 120
8.4.3 China 123
8.4.4 Australia 125
8.4.5 India 127
8.4.6 South Korea 129
8.4.7 Rest of APAC Region 131
8.5 South America Market 2022-2032 by Country 133
8.5.1 Argentina 136
8.5.2 Brazil 138
8.5.3 Chile 140
8.5.4 Rest of South America Market 142
8.6 MEA Market 2022-2032 by Country 143
8.6.1 UAE 146
8.6.2 Saudi Arabia 148
8.6.3 South Africa 150
8.6.4 Other National Markets 152
9 Competitive Landscape 153
9.1 Overview of Key Vendors 153
9.2 New Product Launch, Partnership, Investment, and M&A 156
9.3 Company Profiles 157
ACI Worldwide Inc. 157
Adyen N.V. 159
Aliant Payment Systems Inc. 160
Alipay.com Co., Ltd. 161
Alphabet Inc. 162
Amazon Payments Inc. (Amazon.com Inc.) 163
Apple Inc. 164
Fiserv Inc. 165
Global Payments Inc. 166
MasterCard Incorporated (MasterCard) 167
Mobiamo Inc. 168
PayPal Holdings Inc. 169
Paytm (One97 Communications limited) 170
Square Inc. 171
Stripe Inc. 172
Visa Inc. 173
Wordplay Inc. (Fidelity National Information Services) 174
RELATED REPORTS 175
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