The study on the Global digital payment Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The digital payment market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
The market intelligence report takes a closer view of the global market share, estimated growth preparedness. rate, future market trends, entry-level barriers, fundamental market drivers, restraints, challenges, and opportunities. The report clearly defines the digital payment market position on a global level. The detailed insights into the market’s geographical spectrum offered by the report make it an excellent source of knowledge about the digital payment industry
Key players in the market include Mastercard Inc., Fiserv Inc., Visa Inc., JPMorgan Chase Co., PayPal Holdings Inc., Intuit Inc., Global Payments Inc., Stripe, PayU, and ACI Worldwide Inc
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Factors driving steady market revenue growth include rising Internet proliferation and growth of e-commerce sector. According to the International Telecommunication Union (ITU), in 2019, over 4 Billion individuals (51% of the global population) had access to the Internet, an increase of 8.1% from the previous years. Rising Internet proliferation has been pivotal in spurring growth of e-commerce sales, which in turn, is driving demand for digital payment methods such as digital wallets as a means to a secure, convenient, and fast payment method for e-commerce customers.
Digital payment market revenue in Asia Pacific is expected to register the fastest CAGR during the forecast period, attributed to increasing use of smartphones and rapid growth of e-commerce industry. Additionally, rising disposable income and favorable government policies to boost digital economy is expected to support market growth in the region. China and India collectively account for about 70% of e-wallet users worldwide..
Digital payment security and fraud management solutions incorporate innovative security features, such as biometric authentication and tokenization to help lessen the threats associated with scams and chargebacks. A digital wallet, such as Alipay, deploys tokenization and advanced customer authentication to provide higher rates of transaction approval than other payment methods. Thus, digital payments, by delivering enhanced payment flexibility allows businesses to protect their revenue by preventing customer churn arising from insufficient at the time of making a purchase.
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Emergen Research has segmented the global digital payment market on the basis of offering, organization size, mode of deployment, industry vertical, and region:
Offering Outlook (Revenue, USD Billion; 2018–2028)
- Solutions
- Payment Gateway Solutions
- Payment Wallet Solutions
- Payment Processing Solutions
- Payment Security Fraud Management Solutions
- Point of Sale Solutions
- Services
- Professional Services
- Managed Services
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Large Enterprise
- Small Medium-sized Enterprises
Mode of Deployment Outlook (Revenue, USD Billion; 2018–2028)
- On-Premises
- Cloud
Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
- BFSI
- Healthcare
- Retail
- Transportation Logistics
- Travel Hospitality
- Media Entertainment
- Others
TOC of the global digital payment market report:
Chapter 1, describes the digital payment Introduction, market overview, product offerings, growth opportunities, market risks, driving forces, and challenges.
Chapter 2, analyzes the key manufacturers of digital payment , along with the sales, revenue, and price of digital payment , in the forecast period.
Chapter 3, studies the competitive situation among the major manufacturers and vendors, with sales, revenue, and market share.
Chapter 4, analyzes the global market by regions, with sales, revenue, and market share of digital payment , for each region, from 2020 to 2027.
Chapters 5, 6, 7, 8 and 9, analyze the digital payment market by type, application, regions, and manufacturers, with sales, revenue, and market share by key countries in these regions…Continued
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