Categories: IT And Telecommunications | Format :
MARKET DEFINITION
Digital payments are made via digital or internet channels without the exchange of actual money. Such a payment, which is sometimes referred to as an electronic payment (e-payment), occurs when money is transferred from one payment account to another in which both the payer and the payee utilize a digital device, such as a cell phone, computer, credit, debit, or prepaid card. Both online and in-person transactions for digital payments can be made to the payee. Digital payments can be made using a variety of methods, including mobile wallets, PoS terminals, NEFT, AEPS, and UPI.
MARKET DYNAMICS
The expansion of the digital payment market is primarily driven by an increase in the number of e-commerce sectors, advancements in mobile payment technology, greater use of mobile wallets for payment, and the development of secure and safe payment gateways. Additionally, the demand for businesses to provide better customer experiences and an increase in the marketing of digital payments fuel market expansion. The development of the digital payment market is hampered by a lack of global standards for cross-border payments and ignorance in emerging economies. Furthermore, the sector is expected to benefit greatly from technology developments in e-wallets and mobile banking.
REPORT SCOPE
The report titled “Global Digital Payment Market – Size, Share, Growth, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the global Digital Payment market along with the market size (Value in “US$ Mn”) for the historical period 2017 to 2021 and estimates for the forecast period 2022 to 2028. The RI report is an in-depth study of the global Digital Payment market with a strong focus on key market trends, vital player strategies, and market forecasts. The study also covers key market dynamics, including drivers, restraints, opportunities, challenges, and existing and upcoming pathways that help CXOs make critical business decisions effectively. The global Digital Payment Market is predicted to grow at a significant CAGR over the forecast period from 2022 to 2028.
GEOGRAPHICAL OVERVIEW
The research report includes a detailed overview of the industry comprising quantitative and qualitative information. It gives a broad overview of the worldwide market forecasts for major segments. It also includes market size and forecast projections for five key regions: North America, Europe, Asia-Pacific (APAC), South America, and the Middle East & Africa (MEA), for the years 2017 to 2028. The market is further divided by categories and countries within each province. The research scrutinizes and forecasts over 20 nations worldwide, as well as the present trend and possibilities in these regions.
MARKET SEGMENTATION
The Global Digital Payment Market is segmented based on component, deployment mode, organization size, end-use verticals, and region. Based on components, the market has been segmented into Solutions and Services, whereas based on deployment mode, the market comprises Cloud and On-Premises. Based on organization size, the market has been segmented into SMEs and Large Enterprises, whereas, the end-use verticals segmentation includes BFSI, Retail and Ecommerce, Healthcare, Travel and Hospitality, Transportation and Logistics, Media and Entertainment, and Others.
COMPETITION LANDSCAPE
The RI research report discusses noteworthy developments in the industry as well as organic and inorganic growth strategies being adopted by the Digital Payment market players. The report covers industry activities, including new product launches, mergers & acquisitions, business partnerships, and various expansion initiatives being undertaken by the active players in the market. These developments pave the path for various market participants to strengthen their positioning as well as expand their consumer base. The positive market outlook for the global Digital Payment market is anticipated to present lucrative growth opportunities to the market players. The report also offers detailed profiles of major players in the global Digital Payment market, emphasizing the strategic initiatives, financial information, SWOT analysis, and key development in the Digital Payment industry in the past three years.
Key players in the Global Digital Payment Market have adopted various organic as well as inorganic growth strategies to strengthen their market positioning. Prominent players in the market include:
COVID-19 IMPACT ANALYSIS ON GLOBAL DIGITAL PAYMENT MARKET
The COVID-19 pandemic is still a very personal, individual experience that is also a once-in-a-lifetime worldwide phenomenon with far-reaching consequences. The epidemic has wreaked havoc on people's lives in all nations and communities and also had a negative impact on global economic development in 2020, unlike anything seen in almost a century. The pandemic severely impacted key economies such as India, Brazil, the U.S., France, Russia, the UK, Italy, Turkey, and Argentina. According to estimates, the virus slowed global economic growth by -3.4 percent to -7.6 percent in 2020, with a rebound of 4.2 percent to 5.6 percent expected in 2021. In 2020, global commerce was expected to decline by 5.3 percent, but it is expected to rise by 8.0 percent in 2021.
In contrast to the global economic downturn in the first half of 2020, the economy began to showcase symptoms of a two-track recovery post the second quarter of 2020, with a fledgling rebound in developed nations, however, slower growth in emerging economies. The outbreak of the Covid-19 pandemic has not only resulted in halted production activity but has also disrupted the global supply chain. The research goes on to evaluate the current and future implications of the COVID-19 pandemic both on the target as well as broader market, thereby, providing accurate and trustworthy forecasts.
Report Attribute/Metric |
Details |
Market Size |
In USD Million |
CAGR |
In % (2022-2028) |
Base Year |
2021 |
Forecast Period |
2022 – 2028 |
Historical Data |
2017 to 2021 |
Forecast Unit |
Value (US$ Mn) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors and Trends |
Geographies Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
Key Players Analyzed |
PayPal, Fiserv, FIS, Global Payments, Square, Stripe, VISA, Mastercard, Worldline, Adyen, ACI Worldwide, Temenos, PayU, and Apple |
Customization & Pricing |
Available on Request (10% Customization is Free) |
RESEARCH PROGRAM DESIGN
KEY QUESTIONS ANSWERED
REASONS FOR BUYING THIS REPORT:
Global Digital Payment Market Growth, Trend and Forecast 2020-2028
Chapter 1 Digital Payment Market Overview
1.1 Product Overview and Scope of Digital Payment
1.2 Digital Payment Market Segmentation by Type
1.2.1 Global Production Market Share of Digital Payment by Type in 2019
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Digital Payment Market Segmentation by Application
1.3.1 Digital Payment Consumption Market Share by Application in 2019
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Digital Payment Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Digital Payment (2014-2028)
Chapter 2 Global Economic Impact on Digital Payment Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global Digital Payment Market Competition by Manufacturers
3.1 Global Digital Payment Production and Share by Manufacturers (2019 and 2019)
3.2 Global Digital Payment Revenue and Share by Manufacturers (2019 and 2019)
3.3 Global Digital Payment Average Price by Manufacturers (2019 and 2019)
3.4 Manufacturers Digital Payment Manufacturing Base Distribution, Production Area and Product Type
3.5 Digital Payment Market Competitive Situation and Trends
3.5.1 Digital Payment Market Concentration Rate
3.5.2 Digital Payment Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion
Chapter 4 Global Digital Payment Production, Revenue (Value) by Region (2014-2020)
4.1 Global Digital Payment Production by Region (2014-2020)
4.2 Global Digital Payment Production Market Share by Region (2014-2020)
4.3 Global Digital Payment Revenue (Value) and Market Share by Region (2014-2020)
4.4 Global Digital Payment Production, Revenue, Price and Gross Margin (2014-2020)
4.5 North America Digital Payment Production, Revenue, Price and Gross Margin (2014-2020)
4.6 Europe Digital Payment Production, Revenue, Price and Gross Margin (2014-2020)
4.7 China Digital Payment Production, Revenue, Price and Gross Margin (2014-2020)
4.8 Japan Digital Payment Production, Revenue, Price and Gross Margin (2014-2020)
4.9 Southeast Asia Digital Payment Production, Revenue, Price and Gross Margin (2014-2020)
4.10 India Digital Payment Production, Revenue, Price and Gross Margin (2014-2020)
Chapter 5 Global Digital Payment Supply (Production), Consumption, Export, Import by Regions (2014-2020)
5.1 Global Digital Payment Consumption by Regions (2014-2020)
5.2 North America Digital Payment Production, Consumption, Export, Import by Regions (2014-2020)
5.3 Europe Digital Payment Production, Consumption, Export, Import by Regions (2014-2020)
5.4 China Digital Payment Production, Consumption, Export, Import by Regions (2014-2020)
5.5 Japan Digital Payment Production, Consumption, Export, Import by Regions (2014-2020)
5.6 Southeast Asia Digital Payment Production, Consumption, Export, Import by Regions (2014-2020)
5.7 India Digital Payment Production, Consumption, Export, Import by Regions (2014-2020)
Chapter 6 Global Digital Payment Production, Revenue (Value), Price Trend by Type
6.1 Global Digital Payment Production and Market Share by Type (2014-2020)
6.2 Global Digital Payment Revenue and Market Share by Type (2014-2020)
6.3 Global Digital Payment Price by Type (2014-2020)
6.4 Global Digital Payment Production Growth by Type (2014-2020)
Chapter 7 Global Digital Payment Market Analysis by Application
7.1 Global Digital Payment Consumption and Market Share by Application (2014-2020)
7.2 Global Digital Payment Consumption Growth Rate by Application (2014-2020)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries
Chapter 8 Digital Payment Manufacturing Cost Analysis
8.1 Digital Payment Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Digital Payment
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Digital Payment Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Digital Payment Major Manufacturers in 2019
9.4 Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change
Chapter 12 Global Digital Payment Market Forecast (2020-2028)
12.1 Global Digital Payment Production, Revenue Forecast (2020-2028)
12.2 Global Digital Payment Production, Consumption Forecast by Regions (2020-2028)
12.3 Global Digital Payment Production Forecast by Type (2020-2028)
12.4 Global Digital Payment Consumption Forecast by Application (2020-2028)
12.5 Digital Payment Price Forecast (2020-2028)
Chapter 13 Appendix
Published On:Sep 2022
Base Year:2021
Historical Data:2019-2020
No of Pages:250
Digital Payment Market Growth, Trends and Forecast...
RD Code : IT22