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Payment Instruments Market Growth, Trends and Forecast To 2028 – Global Analysis By Type (Desktop, Handheld, Mobile), By End-Use (BFSI, Healthcare, IT & Telecom, Media & Entertainment, Retail & E-commerce, Transportation, Others) and By Geography.

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MARKET DEFINITION

Any physical or digital device that is used to conduct cashless transactions, enabling the transfer of funds from the customer's bank account to the merchant's, is referred to as a "financial instrument" under this general phrase. A payment system includes a payment instrument. It is the component that makes the transfer of payments easier. But numerous procedures that take place in the background transfer the funds from the buyer's account to the sellers. When taking payment instruments, a user must weigh a number of factors, including the convenience of the consumer, any fees or costs incurred, and the security of both parties.

MARKET DYNAMICS

The demand for mobile wallets and other digital payment systems has increased as a result of the banking industry's increasing digitalization. As a result of falling bank operating expenses due to the surge in digital transactions, the market has grown. Over the projection period, it is anticipated that demand for payment instruments would rise due to consumers' rising preference for cashless transactions due to their convenience. The market is also growing as a result of the younger generation's increasing use of digital payments. Government agencies from all around the world frequently promote the usage of different payment methods including mobile wallets, net banking, and other digital payment systems. It is also projected that the increase will be fueled by the expanding steps taken by the governments of numerous nations to embrace digitization.

REPORT SCOPE

The report titled “Global Payment Instruments Market – Size, Share, Growth, Opportunities, and Competitive Analysis, 2022 – 2028” offers strategic visions into the Global Payment Instruments 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 Payment Instruments 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 Payment Instruments 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 Payment Instruments Market is segmented based on type, end-use and region. Based on the type, the market is segmented into desktop, handheld and mobile. End-use is segmented into BFSI, healthcare, IT & telecom, media & entertainment, retail & e-commerce, transportation 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 Payment Instruments 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 Payment Instruments market is anticipated to present lucrative growth opportunities to the market players. The report also offers detailed profiles of major players in the global Payment Instruments market, emphasizing the strategic initiatives, financial information, SWOT analysis, and key development in the Payment Instruments Market industry in the past three years.

Key players in the Global Payment Instruments Market have adopted various organic as well as inorganic growth strategies to strengthen their market positioning. Prominent players in the market include:

  • NCR Corporation
  • Ingenico
  • PAX Technology
  • Verifone, Inc.
  • Newland Payment Technology
  • Fiserv, Inc.
  • Castles Technology
  • Clover Network, LLC
  • Equinox Payment
  • Dspread Technology (Beijing) Inc.

COVID-19 IMPACT ANALYSIS ON THE GLOBAL PAYMENT INSTRUMENTS 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

NCR Corporation, Ingenico, PAX Technology, Verifone, Inc., Newland Payment Technology, Fiserv, Inc., Castles Technology, Clover Network, LLC, Equinox Payment, Dspread Technology (Beijing) Inc.

Customization & Pricing

Available on Request (10% Customization is Free)

RESEARCH PROGRAM DESIGN

KEY QUESTIONS ANSWERED

  1. What is the current size of the global Payment Instruments market?
  2. What will be the growth rate of the market over the forecast period?
  3. Who are the key manufacturers/vendors in the Payment Instruments market space?
  4. What are the major market opportunities and market risks faced by the market?
  5. What is the impact of COVID-19 on the market?
  6. What is the revenue, sales, and price analysis of the top manufacturers in this market?
  7. What are the key outcomes of Porter's five forces model?
  8. Who are the distributors, traders, and vendors in the industry?

REASONS FOR BUYING THIS REPORT:

  • The report offers comprehensive data on the Payment Instruments market elaborating on the current state and future growth prospects both globally and regionally
  • It offers a six-year market forecast trend evaluating the impact of drivers and restraints and supporting factors for growth
  • The report offers deep-dive insights into each market segment and critical factors responsible for its growth
  • The report presents precise picture of the dynamic competitive landscape which helps our client advance their market position
  • The comprehensive analysis of the market along with the inclusion of analyst recommendations ensures that our clients make informed business decisions
  • Cross-segment country-level analysis included in the report which provides granular analysis of more than 20+ countries covered in the report scope
  • The study includes detailed profiles of major manufacturers to help our readers gain holistic overview of the market competitors and consequently align their business strategies


Chapter 1. Executive Summary
1.1. Market Outlook
1.2. Market Segment Outlook
1.3. Geography Outlook
1.4. Absolute $ Opportunity

Chapter 2. Research Methodology
2.1. Research Approach
2.2. Scope, Definition, and Assumptions
2.3. Data Sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary Data Mining
2.3.2. Primary Sources
2.3.2.1. Statistical Placement
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective

Chapter 3. Market Outlook
3.1. Introduction
3.2. Key Trends
3.2.1. Type Trends
3.2.2. End-Use Trends
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.1.1. Impact Analysis of Market Drivers
3.3.2. Market Restraints
3.3.2.1. Impact Analysis of Market Restraints
3.3.3. Market Opportunities
3.3.3.1. Impact Analysis of Market Opportunities
3.3.4. Market Challenges
3.3.4.1. Impact Analysis of Market Challenges
3.4. Porter’s Five Forces’ Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of New Entrant
3.4.4. Threat of Substitutes
3.4.5. Competitive Rivalry
3.5. Value Chain Analysis: Global Payment Instruments Market
3.6. COVID-19 Impact Assessment in Payment Instruments Market
3.6.1. Impact Assessment on Global Payment Instruments Market
3.6.2. Market Trends and Opportunities in the Covid-19 Landscape

Chapter 4. Global Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
4.1. Global Payment Instruments Market Share, By Type, 2017 - 2028 (USD Million)
4.1.1. Desktop
4.1.2. Handheld
4.1.3. Mobile

Chapter 5. Global Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
5.1. Global Payment Instruments Market Share, By End-Use, 2017 - 2028 (USD Million)
5.1.1. BFSI
5.1.2. Healthcare
5.1.3. IT & Telecom
5.1.4. Media & Entertainment
5.1.5. Retail & E-commerce
5.1.6. Transportation
5.1.7. Others

Chapter 6. Global Payment Instruments Market Overview, By Geography, 2017 - 2028 (USD Million)
6.1. Global Payment Instruments Market Share, By Geography, 2017 - 2028 (USD Million)
6.1.1. Market End-Use and Projections, by Countries, 2017 - 2028 (USD Million)
6.1.2. Market Share and CAGR Comparison, by Countries, 2021 (%)

Chapter 7. North America Payment Instruments Market Overview, By Countries, 2017 - 2028 (USD Million)
7.1. North America Payment Instruments Market Overview, 2017 - 2028 (USD Million)
7.1.1. Market End-Use and projections, 2017 - 2028 (USD Million)
7.1.2. North America Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
7.1.3. North America Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
7.2. North America Payment Instruments Market Overview, By Countries, 2017 - 2028 (USD Million)
7.2.1. U.S. Payment Instruments Market Overview, 2017 - 2028 (USD Million)
7.2.1.1. U.S. Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
7.2.1.2. U.S. Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
7.2.2. Canada Payment Instruments Market Overview, 2017 - 2028 (USD Million)
7.2.2.1. Canada Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
7.2.2.2. Canada Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
7.2.3. Mexico Payment Instruments Market Overview, 2017 - 2028 (USD Million)
7.2.3.1. Mexico Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
7.2.3.2. Mexico Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)

Chapter 8. Europe Payment Instruments Market Overview, By Countries, 2017 - 2028 (USD Million)
8.1. Europe Payment Instruments Market Overview, 2017 - 2028 (USD Million)
8.1.1. Market End-Use and projections, 2017 - 2028 (USD Million)
8.1.2. Europe Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
8.1.3. Europe Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
8.2. Europe Payment Instruments Market Overview, By Countries, 2017 - 2028 (USD Million)
8.2.1. Germany Payment Instruments Market Overview, 2017 - 2028 (USD Million)
8.2.1.1. Germany Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.1.2. Germany Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
8.2.2. France Payment Instruments Market Overview, 2017 - 2028 (USD Million)
8.2.2.1. France Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.2.2. France Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
8.2.3. UK Payment Instruments Market Overview, 2017 - 2028 (USD Million)
8.2.3.1. UK Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.3.2. UK Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
8.2.4. Italy Payment Instruments Market Overview, 2017 - 2028 (USD Million)
8.2.4.1. Italy Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.4.2. Italy Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
8.2.5. Spain Payment Instruments Market Overview, 2017 - 2028 (USD Million)
8.2.5.1. Spain Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.5.2. Spain Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
8.2.6. NORDIC Payment Instruments Market Overview, 2017 - 2028 (USD Million)
8.2.6.1. NORDIC Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.6.2. NORDIC Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
8.2.7. Russia and CIS Payment Instruments Market Overview, 2017 - 2028 (USD Million)
8.2.7.1. Russia and CIS Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.7.2. Russia and CIS Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
8.2.8. Rest of Europe Payment Instruments Market Overview, 2017 - 2028 (USD Million)
8.2.8.1. Rest of Europe Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
8.2.8.2. Rest of Europe Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)

Chapter 9. Asia Pacific Payment Instruments Market Overview, By Countries, 2017 - 2028 (USD Million)
9.1. Asia Pacific Payment Instruments Market Overview, 2017 - 2028 (USD Million)
9.1.1. Market End-Use and projections, 2017 - 2028 (USD Million)
9.1.2. Asia Pacific Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
9.1.3. Asia Pacific Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
9.2. Asia Pacific Payment Instruments Market Overview, By Countries, 2017 - 2028 (USD Million)
9.2.1. India Payment Instruments Market Overview, 2017 - 2028 (USD Million)
9.2.1.1. India Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.1.2. India Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
9.2.2. China Payment Instruments Market Overview, 2017 - 2028 (USD Million)
9.2.2.1. China Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.2.2. China Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
9.2.3. Japan Payment Instruments Market Overview, 2017 - 2028 (USD Million)
9.2.3.1. Japan Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.3.2. Japan Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
9.2.4. ASEAN Payment Instruments Market Overview, 2017 - 2028 (USD Million)
9.2.4.1. ASEAN Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.4.2. ASEAN Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
9.2.5. South Korea Payment Instruments Market Overview, 2017 - 2028 (USD Million)
9.2.5.1. South Korea Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.5.2. South Korea Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
9.2.6. Australia Payment Instruments Market Overview, 2017 - 2028 (USD Million)
9.2.6.1. Australia Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.6.2. Australia Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
9.2.7. Rest of Asia Pacific Payment Instruments Market Overview, 2017 - 2028 (USD Million)
9.2.7.1. Rest of Asia Pacific Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
9.2.7.2. Rest of Asia Pacific Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)

Chapter 10. South America Payment Instruments Market Overview, By Countries, 2017 - 2028 (USD Million)
10.1. South America Payment Instruments Market Overview, 2017 - 2028 (USD Million)
10.1.1. Market End-Use and projections, 2017 - 2028 (USD Million)
10.1.2. South America Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
10.1.3. South America Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
10.2. South America Payment Instruments Market Overview, By Countries, 2017 - 2028 (USD Million)
10.2.1. Brazil Payment Instruments Market Overview, 2017 - 2028 (USD Million)
10.2.1.1. Brazil Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
10.2.1.2. Brazil Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
10.2.2. Argentina Payment Instruments Market Overview, 2017 - 2028 (USD Million)
10.2.2.1. Argentina Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
10.2.2.2. Argentina Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
10.2.3. Rest of South America Payment Instruments Market Overview, 2017 - 2028 (USD Million)
10.2.3.1. Rest of South America Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
10.2.3.2. Rest of South America Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)

Chapter 11. Middle East & Africa Payment Instruments Market Overview, By Countries, 2017 - 2028 (USD Million)
11.1. Middle East & Africa Payment Instruments Market Overview, 2017 - 2028 (USD Million)
11.1.1. Market End-Use and projections, 2017 - 2028 (USD Million)
11.1.2. Middle East & Africa Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
11.1.3. Middle East & Africa Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
11.2. Middle East & Africa Payment Instruments Market Overview, By Countries, 2017 - 2028 (USD Million)
11.2.1. GCC Payment Instruments Market Overview, 2017 - 2028 (USD Million)
11.2.1.1. GCC Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
11.2.1.2. GCC Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
11.2.2. South Africa Payment Instruments Market Overview, 2017 - 2028 (USD Million)
11.2.2.1. South Africa Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
11.2.2.2. South Africa Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)
11.2.3. Rest of Middle East & Africa Payment Instruments Market Overview, 2017 - 2028 (USD Million)
11.2.3.1. Rest of Middle East & Africa Payment Instruments Market Overview, By Type, 2017 - 2028 (USD Million)
11.2.3.2. Rest of Middle East & Africa Payment Instruments Market Overview, By End-Use, 2017 - 2028 (USD Million)

Chapter 12. Competitive Landscape
12.1. Competitive Environment, 2021
12.2. Strategic Framework
12.2.1. Partnership/Collaborations/Agreement
12.2.2. Expansion
12.2.3. Mergers & Acquisitions
12.2.4. New Product Development

Chapter 13. Key Vendor Analysis
13.1. NCR Corporation
13.1.1. Business Overview
13.1.2. Product Benchmarking
13.1.3. Financial Data
13.1.4. Strategic Overview
13.1.5. Key Developments
13.1.6. SWOT Analysis
13.2. Ingenico
13.2.1. Business Overview
13.2.2. Product Benchmarking
13.2.3. Financial Data
13.2.4. Strategic Overview
13.2.5. Key Developments
13.2.6. SWOT Analysis
13.3. PAX Technology
13.3.1. Business Overview
13.3.2. Product Benchmarking
13.3.3. Financial Data
13.3.4. Strategic Overview
13.3.5. Key Developments
13.3.6. SWOT Analysis
13.4. Verifone, Inc.
13.4.1. Business Overview
13.4.2. Product Benchmarking
13.4.3. Financial Data
13.4.4. Strategic Overview
13.4.5. Key Developments
13.4.6. SWOT Analysis
13.5. Newland Payment Technology
13.5.1. Business Overview
13.5.2. Product Benchmarking
13.5.3. Financial Data
13.5.4. Strategic Overview
13.5.5. Key Developments
13.5.6. SWOT Analysis
13.6. Fiserv, Inc.
13.6.1. Business Overview
13.6.2. Product Benchmarking
13.6.3. Financial Data
13.6.4. Strategic Overview
13.6.5. Key Developments
13.6.6. SWOT Analysis
13.7. Castles Technology
13.7.1. Business Overview
13.7.2. Product Benchmarking
13.7.3. Financial Data
13.7.4. Strategic Overview
13.7.5. Key Developments
13.7.6. SWOT Analysis
13.8. Clover Network, LLC
13.8.1. Business Overview
13.8.2. Product Benchmarking
13.8.3. Financial Data
13.8.4. Strategic Overview
13.8.5. Key Developments
13.8.6. SWOT Analysis
13.9. Equinox Payment
13.9.1. Business Overview
13.9.2. Product Benchmarking
13.9.3. Financial Data
13.9.4. Strategic Overview
13.9.5. Key Developments
13.9.6. SWOT Analysis
13.10. Dspread Technology (Beijing) Inc.
13.10.1. Business Overview
13.10.2. Product Benchmarking
13.10.3. Financial Data
13.10.4. Strategic Overview
13.10.5. Key Developments
13.10.6. SWOT Analysis

Chapter 14. Future Outlook of the Market
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Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

IT And Telecommunications Clients

Payment Instruments Market Growth, Trends and Fore...

RD Code : IT22