Comprehensive Digital Payment Market Overview

Maximize Market Research offers a detailed perspective on the competitive landscape, serving as an invaluable resource for strategic planning. Our comprehensive analysis of the “Digital Payment Market” provides extensive insights into market size, trade statistics, key players, and various market indicators. This encompasses the life cycle, prevailing trends, and other critical aspects.

In-Depth Digital Payment Market Report Scope and Research Methodology:

Our analysis of the market's competitive landscape involves a thorough examination of technology adoption, financial strength, portfolios, mergers, acquisitions, joint ventures, and strategic alliances. The report explores drivers, limitations, opportunities, and challenges inherent in the market, estimating size and growth rates through a bottom-up approach.

To provide a deeper understanding of market penetration, pricing dynamics, demand analysis, and the competitive panorama, our report conducts regional analysis at local, regional, and global levels. Essential details about the market, including stakeholders, investors, and new entrants, are presented to facilitate the development of effective marketing strategies and investment plans.

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Digital Payment Market Growth Highlights :

The Digital Payment Market size was valued at USD 92.67 Billion in 2023 and the total Digital Payment revenue is expected to grow at a CAGR of 14.89% from 2024 to 2030, reaching nearly USD 244.86 Billion by 2030.

Data Gathering Techniques:

Both primary and secondary methods were employed. Primary methods include surveys, questionnaires, and interviews with industry leaders, while secondary data sources encompass press releases, annual and financial reports, white papers, etc. SWOT analysis identifies market vulnerabilities, and the PORTER framework gauges industry competitiveness.

Regional Insights in the Digital Payment Market

The Digital Payment market is comprehensively segmented across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Our Regional Analysis provides valuable insights into the Digital Payment market, offering a thorough assessment of factors such as market size, growth rate, and import/export activities within these regions.

Digital Payment Market Segmentation

by Component

Solution
Service

by Deployment

Cloud
On-premise

In 2023, the on-premise category held a dominant market share of around 65.0% of worldwide revenue, based on deployment. Businesses that use on-premises digital payment solutions have total control over their applications and systems, which is easily managed by their IT staff. Additionally, businesses use in-house digital payment solutions to safeguard their applications and systems from malicious attacks. For instance, in November 2019, Microsoft and ACI Global announced their alliance. The partnership provided cheaper long-term capital expenditure and increased security for ACI Worldwide's on-premises clients.

by Vertical

BFSI
Media & Entertainment
IT & Telecommunication
Hospitality
Healthcare

End-user revenue-wise, the BFSI sector led the market in 2023, accounting for over 23% of worldwide revenue. Remittance expansion to low- and middle-income countries is expected to be one of the main drivers of new market development opportunities throughout the projection period. Banks are also improving their ability to compete with companies like Google, Amazon, and Facebook that provide digital payment solutions. To make things simpler for its customers, Bank of America, for instance, introduced a digital debit card in June 2019.

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Key Players in the Digital Payment Market

North America: 1. Total System Services, Inc. 2. PayPal Holdings Inc 3. ACI Worldwide Inc 4. Dwolla 5. FattMerchant 6. FIS and Fiserv 7. Intuit 8. JPMorgan Chase 9. Square 10. Stripe 11. Visa and Mastercard Europe: 1. Wirecard AG. 2. Novetti Group Limited 3. Adyen N.V. 4. Aurus 5. Worldline 6. Checkout Asia Pacific: 1. Lianta Payments 2. Alipay 3. PayU Global: 1. Apple Pay 2. Paysafe 3. PayTrace 4. Spreedly 5. WEX

Table of Content: Digital Payment Market

Part 01: Executive Summary

Part 02: Scope of the Digital Payment Market Report

Part 03: Digital Payment Market Landscape

Part 04: Digital Payment Market Sizing

Part 05: Digital Payment Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and Price Curve by Region
Market Size, Share, Size & Forecast by Different Segments
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – Detailed Analysis by Segment with Their Sub-segments and Region
Competitive Landscape – Profiles of Selected Key Players by Region from a Strategic Perspective
Market Leaders, Market Followers, Regional Players
Competitive Benchmarking of Key Players by Region
PESTLE Analysis
PORTER’s Analysis
Value Chain and Supply Chain Analysis
Legal Aspects of Business by Region
Lucrative Business Opportunities with SWOT Analysis
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About Maximize Market Research:

Maximize Market Research is a versatile market research and consulting company with professionals from various industries. Our coverage includes medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemicals, general merchandise, beverages, personal care, and automated systems. We provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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