Payment Processing Solutions Market Size
Payment Processing Solutions Market is estimated to grow from USD 34.96 Billion in 2019 to reach USD 84.11 Billion by 2027, at a CAGR of 11.6% from 2020-2027.
The growth in this market is attributed to the high penetration of smart phones and the acceptance of mobile payment applications. Smartphone apps provide consumers alternate billing solutions with the aid of card reader attachment facilities. These technologies have allowed customers to make billing transactions quicker and easier thus boosting market growth.
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Final Report will have an in-depth analysis of the COVID-19 impact on the Payment Processing Solutions Market |
Payment Processing Solutions Market by Payment Mode (E-Wallet,
Credit Card, and Debit Card); by Industry Vertical (Hospitality,
Utilities, Retail, IT & Telecommunication, BFSI,
Transportation, Media & Entertainment, and Others); and by
Region: Global Industry Trends, Dynamics, Competitive Insights and
Forecast Analysis, 2020 – 2027
Market Drivers, Restraining, Opportunities:
What are the Key Drivers responsible for the growth of
Payment Processing Solutions Market?
• Focus on Improving Customer Experience
• Global Initiatives for the Promotion of Digital and Online
Payments
• High Proliferation of Smart phones
• Customers’ Demand for Immediacy of Payments and
Settlements
What are the restraints for the Payment Processing
Solutions Market growth?
• Lack of Global Standard for International Transaction
• Lack of Digital Literacy in Emerging Countries
What are the Opportunities in Payment Processing
Solutions Market?
• Progressive Changes in Regulatory Frameworks
• Increasing Adoption of Financial Services
Payment Processing Solutions Companies
Here are the 10 best Payment Processing Solutions Companies
Analysis
• Adyen
• Jack Henry & Associates
• Paysafe
• Authorize.Net
• First Data
• BlueSnap
• Alipay
• CCBill
• PayPal
Market Overview
The market report covers a basic overview of the market from
the industry perspective. This will help the reader to get a gist
about different industry dimensions from a manufacturer’s view. The
report divides the market into different sections and is comprised
of market revenue (value) by segments.
The report provides market data from 2016 till 2027, wherein,
2016 to 2018 will be historic years, 2019 would be the base year
and 2020 to 2027 will be forecast years. The report provides
different statistics and figures and charts that will help analyze
trends and global payment processing solutions market share along
with its growth rate in different regions and countries.
Key players across the globe are profiled in the report along
with its company landscaping. Product portfolio for each company,
recent developments and company strategies are covered along with
the company financials.
Economy Trends & Strategic Analysis
Various drivers, restraints and opportunities in the payment
processing solutions market are analyzed in detail in the report.
Key drivers that make the overall market grow are discussed
thoroughly, along with its impact on the sales of different product
types. Report also features restraining factors that are likely to
restrain the market growth. As well, different opportunities which
will propel the market in future and bring new growth avenues for
major market players are discussed in detail. This will help in
understanding the overall dynamics prevailing in the historic as
well as in coming years.
Apart from this, the report covers various collaborations,
mergers and acquisitions, regional expansions, new offering
launches and offering pipelines for the key players involved in the
market.
Segmental and Geographic Analysis
The report describes in detail market segmentation by dividing
the market based on its payment mode, industry vertical, and region
and is analyzed from 2016 to 2027 by value and volume. All the
segments are evaluated by taking into consideration the historic
and future trends. All the segments with the dominating &
fastest growing sub-segments and the factors responsible for the
same are studied and are mentioned in the report.
Evident quantitative as well as qualitative insights about the
segments are covered in the report along with forecast analysis of
all the segments that expected to alter the market in the future
are described in detail. The segmental analysis also highlights
details about different aspects that will influence the
market.
Based on payment mode, the market is categorized into
e-wallet, credit card, and debit card. On the basis of industry
vertical, the global market for payment processing solutions is
segmented into hospitality, utilities, retail, IT &
telecommunication, BFSI, transportation, media & entertainment,
and others. Trend analysis for all the segments is provided in
detail in the report.
Market is divided regionally and by country level into North
America (U.S., Canada, & Rest of North America), Europe (U.K.,
Germany, France, Italy, Spain, Russia & Rest of Europe), Asia
Pacific (China, Japan, India, Australia, Southeast Asia, & Rest
of Asia Pacific), Latin America (Brazil, Mexico, & Rest of
Latin America) and Middle East and Africa (Saudi Arabia, South
Africa, UAE, & Rest of Middle East and Africa).
The report gives the pursuer the complete idea and
understanding of the market and the regional and country level
value and volume scenario and essentials for the industry. Current
market insights on the regional level are studied and centered
while market estimation, thus giving the reader a specialized idea
& plans, financial as well as recent market advancements
globally.
Payment Processing Solutions Market Scope
| Attribute | Details |
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Market Size in 2019
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USD 34.96 Billion
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Market Size in 2027
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USD 84.11 Billion
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CAGR (%)
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11.6% from 2020 to 2027
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Historic Period
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2017 - 2018
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Base Year
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2019
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Forecast Period
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2020-2027
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Segments Covered
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Payment Mode, Industry Vertical, Region
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, Middle East
& Africa
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Key Companies Profiles
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Adyen (Netherlands), Jack Henry & Associates (U.S.), Paysafe (U.K.), Authorize.Net (U.S.), First Data (U.S.), Jack Henry & Associates (U.S.), BlueSnap (U.S.), Alipay (China), CCBill (U.S.), and PayPal
(U.S.)
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Payment Processing Solutions Market Segmentation
By Payment Mode
• E-Wallet
• Credit Card
• Debit Card
By Industry Vertical
• Hospitality
• Utilities
• Retail
• IT & Telecommunication
• BFSI
• Transportation
• Media & Entertainment
• Others
By Region
• North America
-U.S.
-Canada
-Rest of North America
• Europe
-UK
-Germany
-France
-Italy
-Spain
-Russia
-Rest of Europe
• Asia Pacific
-China
-Japan
-India
-Australia
-Southeast Asia
-Rest of Asia Pacific
• Latin America
-Brazil
-Mexico
-Rest of Latin America
• Middle East and Africa
-Saudi Arabia
-South Africa
-UAE
-Rest of Middle East and Africa
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Analysis - 2027 | Request For
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and Industry Analysis 2027 | Request For
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Asia-Pacific Payment Processing Solutions Market Share, Size,
and Industry Analysis 2027 | Request For
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