Digital Payment Market by Component (Solutions (Payment Processing, Payment Gateway, Payment Wallet, POS Solution, Payment Security and Fraud Management) and Services), Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2026
Digital Payment Market Forecast & Report Overview, Worldwide Analysis
The global Digital Payment Market size as per revenue was worth approximately $88.1 billion in 2021 and is poised to generate a revenue around $180.2 billion by the end of 2026, projecting a CAGR of 15.4%.
The Digital Payment Market growth is driven by the major factors such as worldwide initiatives for the promotion of digital payments, high proliferation of smartphones enabling mCommerce growth, increase in eCommerce sales, and growth in internet penetration.
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Digital Payment Market Growth Dynamics
Driver: Worldwide initiatives for the promotion of digital payments
Countries across the world implement ICT technologies to promote digital economies. Governments undertake various initiatives to digitize the payment process. Digital payment is one of the primary growth imperatives for a country’s economy. It can help boost productivity and economic growth, improve transparency, increase tax revenue, expand financial inclusion, and open new economic opportunities for end users. The Government of India has launched various initiatives to help promote digital payments. Initiatives such as Digital India, the launch of Unified Payments Interface (UPI), and 14444-helpline number act as catalysts in the shift towards digital payments. These initiatives help promote digitalization and increase awareness about the advantages of the use of new technologies. Other countries such as Singapore and Australia have also launched various digital payment initiatives. In purview of the COVID-19 pandemic and to achieve elevated safe distancing measures, the Monetary Authority of Singapore (MAS) has urged individuals and businesses to use digital financial services and ePayments, and minimize visits to the premises of Financial Institutions (FIs).
Restraint: Lack of global standards for cross-border payments
Cross-border trade has been increasing Year-on-Year (YoY) as more organizations are procuring goods and services across the globe. However, due to the lack of global payment systems providing ease of use, lack of global standards, and different government regulations in various countries, digital payment vendors are unable to capitalize on this opportunity. Different countries have different payment regulations and data storage compliances. These regulations and compliances make cross-border payments inefficient. In addition to this, the domestic payment infrastructure is not designed for cross-border payments.
Over the last few decades, several countries have established both high- and low-value payment systems that are based on proprietary communication and security standards. But, due to the independent development of payment systems, there is more need for standardization and automation across inter-bank and intra-bank networks present across countries. This adversely affects banks and businesses, and often results in manual intervention to collect and repair data. Major banks with subsidiaries and branches may move funds to destination countries via intra-bank transactions. Beneficiaries are either credited directly in their account with the foreign operation, or payments are sent to their bank via bilateral transfers or national clearing and settlement systems.
Opportunity:Rapid decline in unbanked population across the globe
A large population across the globe lives in rural and remote regions. This population lacks connectivity and digital literacy. Today, governments, development organizations, and private sector players recognize the importance of financial services for a large population living in rural and remote regions. Owing to this, more people are gaining access to financial services. To promote financial inclusion, governments undertake efforts to launch various initiatives to provide connectivity to these populations. According to the World Bank report 2018, in India, nearly 190 million adults do not have bank accounts. Though, due to the Indian government’s efforts and initiatives, the percentage of adults with bank accounts increased from 53% in 2014 to 80% in 2017. Also, according to the Global Findex database 2018, globally, the percentage of adults with bank accounts grew from 61% in 2014 to 69% in 2018. Digital payments play a pivotal role in increasing the number of people holding bank accounts, as the payment bank facility enables opening and operating bank accounts with the use of mobile phones even in remote places. The introduction of digital wallets is making a significant impact and helping in financial inclusion. Therefore, the decreasing number of unbanked population across the world provides a favorable environment for digital payment vendors to increase their customer base.
Challenges: Evolving cyber attacks on digital payments
Cyberattacks are a major roadblock in the market growth of digital payment solutions. These attacks are the most critical challenges that the payment market has been long facing. The increasing adoption of digital payment technologies is also leading to a rise in cybersecurity risks, such as cyber thefts and frauds. Embracing payment technologies and integrating them with businesses have also increased risks and concerns over privacy, theft, and regulatory compliance. New and evolving cyber attacks affect businesses by using mobile malware to break into payment systems to get cardholders’ data. The evolving frauds include friendly fraud, affiliate fraud, botnets, phishing, velocity attacks, and triangulation.
According to the Central Statistics Office (CSO), by 2021, the loss incurred due to cyber attacks would hit USD six trillion annually, up from USD three trillion in 2015. Additionally, as per the Association for Financial Professionals (AFP) Payments Fraud and Control Survey Report of 2020, in 2019, more than 81% of organizations experienced cyber attacks across the globe. Thus, the growing number of cyber attacks is expected to slow down the adoption of digital payment services. Also, as per the AFP Payments Fraud and Control Survey Report of 2018, more than 86% of organizations experienced cyberattacks. Thus, the increasing cyber attacks are expected to slow down the adoption of digital payment solutions and services.
MnM’s View of Digital Payment Ecosystem
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Solutions segment to constitute a larger market size during the forecast period
By component solutions segment is estimated to account for the largest market size in 2021 and is expected to grow at an impressive CAGR during the forecast period. The solutions segment of the digital payment market has been classified into payment gateway solutions, payment processing solutions, payment wallet solutions, payment security and fraud management solutions, and PoS solutions. Major digital payment solution vendors are gradually adopting smart technologies, such as cloud computing, analytics, and big data, to offer comprehensive solutions to potential customers. Payment gateway and payment processing are the most widely demanded solutions among merchants
Among solutions, the payment wallet solutions segment to grow at a higher CAGR during the forecast period
A digital payment wallet is a secure virtual container of cash that is used to transfer money and make payments. It is categorized into open and closed-loop wallets. Open-loop wallets can be used for POS and money transfers and purchase of goods, whereas closed-loop wallets are primarily developed to purchase goods and services exclusively from the wallet provider. Payment wallet solutions enable Mobile Network Operators (MNOs), Mobile Virtual Network Operators (MVNOs), banks, and financial institutions to launch their digital wallets. These solutions are aimed at providing a secure, intuitive, simple, and convenient payment experience to customers. There is an increasing demand for digital wallet solutions from various verticals, such as eCommerce, telecom, media and entertainment, and travel and tourism.
Among services, professional services segment to constitute a larger market size during the forecast period
Professional services are required during and after the implementation of digital payment solutions. These services include planning, designing, consulting, support, IT maintenance, repairs, and upgrades. Companies offering professional services include consultants, dedicated project management teams, and digital payment experts that specialize in the design and delivery of critical decision support software, tools, and services. Professional service providers study business requirements, analyze business constraints and provide valuable insights that help companies optimally utilize all available resources and make the most of their technological investments.
Large Enterprises segment to constitute a larger market size during the forecast period
Large enterprises are defined as entities with an employee strength of more than 1,000 individuals. Digital payment solutions are adopted by large enterprises, owing to the need to digitize their payment landscape, cater to the dynamic customer trends, streamline business operations, and enhance market competitiveness. Large organizations follow the omnichannel approach, as they focus on enriching the customer experience. The integration of digital payment solutions, such as digital wallets and payment processing, with the existing payment landscape of large organizations, is essential for the redemption of loyalty points and the facilitation of quick payment at PoS terminals.
APAC is expected to hold the highest CAGR during the forecast period
The global digital payment market by region covers 5 major geographic regions, namely North America, Asia Pacific (APAC), Europe, MEA, and Latin America. APAC is projected to witness the highest growth rate. The countries in the region have undertaken major initiatives to improve the payment industry. For instance, Asian Payments Network (APN) is a group of 11 Asian countries that include the Philippines, China, Singapore, Malaysia, Thailand, Vietnam, Indonesia, South Korea, Japan, New Zealand, and Australia to promote cross-border banking transactions in the region.
The digital payment market is dominated by a few globally established players such as PayPal (US), Fiserv (US), FIS (US), Square (US), and Global Payments (US).
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|
Report Attributes |
Details |
| Revenue Forecast Size in 2026 |
US$ 180.2 billion |
| Market Size Value in 2021 |
US$ 88.1 billion |
|
Growth Rate |
CAGR of15.4% |
|
Key Market Growth Drivers |
Worldwide initiatives for the promotion of digital payments |
|
Key Market Opportunities |
Rapid decline in unbanked population across the globe |
|
Market size available for years |
2016–2026 |
|
Base year considered |
2020 |
|
Forecast period |
2021–2026 |
|
Market Segmentation |
Component, Deployment Mode, Organization Size by Vertical |
|
Geographies covered |
North America, Europe, APAC, Latin America, and MEA |
|
Companies Covered |
PayPal (US), Fiserv (US), FIS (US), Global Payments (US), Square (US), Stripe (US), VISA (US), Mastercard (US), Worldline (France), Adyen (Netherlands), ACI Worldwide (US), Temenos (Switzerland), PayU (Netherlands), Apple (US), JPMorgan Chase (US), WEX (US), FLEETCOR (US), Aurus (US), PayTrace (US), Stax by FattMerchant (US), 2Checkout now Verifone(US), Spreedly (US), Dwolla (US), Braintree (US), Clover(US), OpenWay Group (Belgium), and EBANX (Brazil). |
The study categorizes the Digital Payment Market based on components, deployment type, organization size, and vertical at the regional and global level.
By Component
-
Solutions
- Payment Gateway Solutions
- Payment Processing Solutions
- Payment Wallet Solutions
- Payment Security and Fraud Management Solutions
- Point of Sale (POS) Solutions
-
Services
-
Professional Services
- Consulting
- Implementation
- Support and Maintenance
- Managed Services
-
Professional Services
By Deployment Type
- On-premises
- Cloud
By Organization Size
- Small and Medium-sized Enterprises
- Large Enterprises
By Vertical
- Banking, Financial Services, And Insurance
- Retail and Ecommerce
- Healthcare
- Travel and Hospitality
- Transportation and Logistics
- Media and Entertainment
- Other Verticals
By Region
-
North America
- US
- Canada
-
Europe
- UK
- Germany
- Rest of Europe
-
APAC
- China
- India
- Rest of APAC
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
-
MEA
- GCC Countries
- South Africa
- Rest of MEA
Recent Developments
- In November 2021, Fiserv has launched EnteractSM, a new, cloud-based customer relationship management (CRM) platform for financial institutions. Enteract features a Microsoft Azure-based integration framework that synchronizes customer data with back-end systems and enables real-time process integration across core banking, enterprise content management and digital channels.
- In September 2021, Global Payments Inc and Virgin Money signed an agreement to leverage Global Payments’ unique two-sided network to empower Virgin Money customers with market leading digital payments experiences globally.
- In April 2021, FIS announced RealNet, a new cloud-based, software as a service (SaaS) platform that will enable account-to-account (A2A) transactions for businesses, consumers and governments over real-time payment networks.
- In March 2021, Mastercard has acquired Nets a European PayTech company the additions to Mastercard will support a broader set of account-to-account capabilities, including clearing and settlement instant payment infrastructure, bill payment and E-invoicing application
- In November 2020, Visa and Conferma Pay has announced a strategic partnership to launch Visa Commercial Pay, a suite of B2B payment solutions, to help improve cashflow for businesses and eliminate outdated manual processes. The strategic partnership will accelerate B2B money movement away from slow, outdated methods to fast, data-rich, secure digital payments and give businesses better control over their finances.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
1.1 INTRODUCTION TO COVID–19
1.2 COVID–19 HEALTH ASSESSMENT
FIGURE 1 COVID–19: GLOBAL PROPAGATION
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES
1.3 COVID–19 ECONOMIC ASSESSMENT
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020
1.3.1 COVID–19 ECONOMIC IMPACT—SCENARIO ASSESSMENT
FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
1.4 OBJECTIVES OF THE STUDY
1.5 MARKET DEFINITION
1.5.1 INCLUSIONS AND EXCLUSIONS
1.6 MARKET SCOPE
1.6.1 MARKET SEGMENTATION
1.6.2 REGIONS COVERED
1.6.3 YEARS CONSIDERED FOR THE STUDY
1.7 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2018–2020
1.8 STAKEHOLDERS
1.9 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 39)
2.1 RESEARCH DATA
FIGURE 6 DIGITAL PAYMENT MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
TABLE 2 PRIMARY INTERVIEWS
2.1.2.2 Key industry insights
2.2 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 TOP-DOWN APPROACH
FIGURE 8 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH: SUPPLY-SIDE ANALYSIS
2.3.2 BOTTOM-UP APPROACH
FIGURE 9 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH: SUPPLY-SIDE ANALYSIS (1/2)
FIGURE 10 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH: SUPPLY-SIDE ANALYSIS (2/2)
2.4 MARKET FORECAST
TABLE 3 FACTOR ANALYSIS
2.5 ASSUMPTIONS FOR THE STUDY
2.6 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY (Page No. - 49)
FIGURE 11 DIGITAL PAYMENT MARKET, 2019–2026 (USD MILLION)
FIGURE 12 SHARES OF LEADING MARKET SEGMENTS, 2020
FIGURE 13 MARKET, REGIONAL AND COUNTRY-WISE SHARES, 2020
4 PREMIUM INSIGHTS (Page No. - 52)
4.1 ATTRACTIVE OPPORTUNITIES IN THE DIGITAL PAYMENT MARKET
FIGURE 14 GROWING SMARTPHONE PENETRATION TO DRIVE MARKET GROWTH
4.2 MARKET, BY COMPONENT
FIGURE 15 DIGITAL PAYMENT SOLUTIONS TO LEAD MARKET GROWTH IN 2021
4.3 DIGITAL PAYMENT SOLUTIONS MARKET, BY TYPE
FIGURE 16 PAYMENT PROCESSING SOLUTIONS TO ACCOUNT FOR THE HIGHEST MARKET SHARE DURING THE FORECAST PERIOD
4.4 DIGITAL PAYMENT SERVICES MARKET, BY TYPE
FIGURE 17 PROFESSIONAL SERVICES TO LEAD MARKET GROWTH DURING THE FORECAST PERIOD
4.5 PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET, BY TYPE
FIGURE 18 IMPLEMENTATION SERVICES TO BE THE LARGEST MARKET DURING THE FORECAST PERIOD
4.6 DIGITAL PAYMENT MARKET, BY DEPLOYMENT TYPE
FIGURE 19 CLOUD DEPLOYMENT TO ACCOUNT FOR A LARGER MARKET SHARE IN 2021
4.7 MARKET, BY ORGANIZATION SIZE
FIGURE 20 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR A LARGER SHARE IN 2021
4.8 MARKET, BY VERTICAL
FIGURE 21 RETAIL AND ECOMMERCE VERTICAL TO BE THE LARGEST SEGMENT DURING THE FORECAST PERIOD
4.9 MARKET, BY REGION
FIGURE 22 ASIA PACIFIC TO GROW AT THE FASTEST RATE DURING THE FORECAST PERIOD
4.1 MARKET, BY COUNTRY
FIGURE 23 INDIA TO ACCOUNT FOR HIGH GROWTH DURING THE FORECAST PERIOD
5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 57)
5.1 MARKET OVERVIEW
5.2 MARKET DYNAMICS
FIGURE 24 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: DIGITAL PAYMENT MARKET
5.2.1 DRIVERS
5.2.1.1 Global initiatives for the promotion of digital payments
TABLE 4 GLOBAL INITIATIVES TO PROMOTE DIGITAL PAYMENTS
5.2.1.2 High proliferation of smartphones enabling mCommerce growth
FIGURE 25 ADOPTION LEVEL OF SMARTPHONES, 2020 VS 2025
5.2.1.3 Rise of eCommerce and adoption of embedded payment system
FIGURE 26 US ECOMMERCE RETAIL SALES (USD BILLION)
5.2.1.4 Rise in the adoption of contactless payments
5.2.1.5 Increase in the adoption of real-time payments and ACH transactions
5.2.1.6 Change in consumer payment behavior
5.2.2 RESTRAINTS
5.2.2.1 Lack of global standards for cross-border payments
5.2.3 OPPORTUNITIES
5.2.3.1 Rapid decline in unbanked population across the globe
5.2.3.2 Gradual adoption of Open-Banking APIs
5.2.3.3 Progressive changes in regulatory frameworks
5.2.3.4 Rise in government initiatives favoring adoption of digital payments
5.2.3.5 Rise in digital payment startup and challenger’s banks
5.2.3.6 Collaboration between banks and fintech institutions to leverage customer experience
5.2.4 CHALLENGES
5.2.4.1 Evolving cyber-attacks on digital payments
5.2.4.2 Fragmented regional regulatory landscape
5.2.4.3 Lack of digital literacy in emerging countries
5.3 COVID-19 PANDEMIC-DRIVEN MARKET DYNAMICS AND FACTOR ANALYSIS
TABLE 5 DIGITAL PAYMENT MARKET: ANALYSIS OF DRIVERS AND OPPORTUNITIES IN THE COVID-19 ERA
TABLE 6 MARKET: ANALYSIS OF RESTRAINTS AND CHALLENGES IN THE COVID-19 ERA
5.3.1 CUMULATIVE GROWTH ANALYSIS
TABLE 7 MARKET: CUMULATIVE GROWTH ANALYSIS
5.4 INDUSTRY TRENDS
5.4.1 VALUE CHAIN ANALYSIS
FIGURE 27 MARKET: VALUE CHAIN ANALYSIS
5.4.2 DIGITAL PAYMENT MARKET: ECOSYSTEM
TABLE 8 PAYMENT ECOSYSTEM
5.4.3 PATENT ANALYSIS
FIGURE 28 TOP TEN COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS
TABLE 9 TOP TWENTY PATENT OWNERS (UNITED STATES)
FIGURE 29 NUMBER OF PATENTS GRANTED IN A YEAR, 2012–2021
5.4.4 USE CASES
5.4.4.1 Use case 1: PayPal
5.4.4.2 Use Case 2: FIS
5.4.4.3 USE CASE 3: Braintree
5.4.4.4 Use cases 4: Stripe
5.4.4.5 Use case 5: SQUARE
5.4.5 PRICING ANALYSIS
TABLE 10 PRICING ANALYSIS
5.4.6 TECHNOLOGY ANALYSIS
TABLE 11 TECHNOLOGY ENABLERS IN DIGITAL PAYMENTS
5.4.7 PORTER’S FIVE FORCES ANALYSIS
TABLE 12 DIGITAL PAYMENT MARKET: PORTER’S FIVE FORCES MODEL
5.4.7.1 Threat of new entrants
5.4.7.2 Threat of substitutes
5.4.7.3 Bargaining power of buyers
5.4.7.4 Bargaining power of suppliers
5.4.7.5 Competitive rivalry
5.4.8 DISRUPTIONS IMPACTING BUYERS/CUSTOMERS IN THE MARKET
FIGURE 30 DISRUPTION TRENDS IMPACTING BUYERS/CUSTOMERS IN THE MARKET
6 DIGITAL PAYMENT MARKET, BY COMPONENT (Page No. - 78)
6.1 INTRODUCTION
FIGURE 31 DIGITAL PAYMENTS SERVICES TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
TABLE 13 MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
TABLE 14 MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
6.2 SOLUTIONS
6.2.1 SOLUTIONS: DIGITAL PAYMENT MARKET DRIVERS
6.2.2 SOLUTIONS: COVID-19 IMPACT
FIGURE 32 PAYMENT WALLET SOLUTIONS TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 15 DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 16 DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 17 DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 18 DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.2.3 PAYMENT GATEWAY SOLUTIONS
TABLE 19 PAYMENT GATEWAY SOLUTIONS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 20 PAYMENT GATEWAY SOLUTIONS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.2.4 PAYMENT PROCESSING SOLUTIONS
TABLE 21 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 22 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.2.5 PAYMENT WALLET SOLUTIONS
TABLE 23 PAYMENT WALLET SOLUTIONS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 24 PAYMENT WALLET SOLUTIONS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.2.6 PAYMENT SECURITY AND FRAUD MANAGEMENT SOLUTIONS
TABLE 25 PAYMENT SECURITY AND FRAUD MANAGEMENT SOLUTIONS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 26 PAYMENT SECURITY AND FRAUD MANAGEMENT SOLUTIONS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.2.7 POINT-OF-SALE SOLUTIONS
TABLE 27 POINT-OF-SALE SOLUTIONS MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 28 POINT-OF-SALE SOLUTIONS MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.3 SERVICES
6.3.1 SERVICES: DIGITAL PAYMENT MARKET DRIVERS
6.3.2 SERVICES: COVID-19 IMPACT
FIGURE 33 MANAGED SERVICES TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
TABLE 29 DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 30 DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 31 DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 32 DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.3.3 PROFESSIONAL SERVICES
FIGURE 34 SUPPORT AND MAINTENANCE SERVICES TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 33 PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 34 PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 35 PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 36 PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.3.3.1 Consulting
TABLE 37 DIGITAL PAYMENT CONSULTING SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 38 DIGITAL PAYMENT CONSULTING SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.3.3.2 Implementation
TABLE 39 DIGITAL PAYMENT IMPLEMENTATION SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 40 DIGITAL PAYMENT IMPLEMENTATION SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.3.3.3 Support and maintenance
TABLE 41 DIGITAL PAYMENT SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 42 DIGITAL PAYMENT SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
6.3.4 MANAGED SERVICES
TABLE 43 MANAGED DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 44 MANAGED DIGITAL PAYMENT SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7 DIGITAL PAYMENT MARKET, BY DEPLOYMENT TYPE (Page No. - 96)
7.1 INTRODUCTION
FIGURE 35 CLOUD SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 45 MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION)
TABLE 46 MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
7.2 ON-PREMISES
7.2.1 ON-PREMISES: MARKET DRIVERS
7.2.2 ON-PREMISES: COVID-19 IMPACT
TABLE 47 ON-PREMISES DEPLOYMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 48 ON-PREMISES DEPLOYMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
7.3 CLOUD
7.3.1 CLOUD: MARKET DRIVERS
7.3.2 CLOUD: COVID-19 IMPACT
TABLE 49 CLOUD DEPLOYMENT MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 50 CLOUD DEPLOYMENT MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
8 DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE (Page No. - 101)
8.1 INTRODUCTION
FIGURE 36 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
TABLE 51 MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION)
TABLE 52 MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
8.2 SMALL AND MEDIUM-SIZED ENTERPRISES
8.2.1 SMALL AND MEDIUM-SIZED ENTERPRISES: MARKET DRIVERS
8.2.2 SMALL AND MEDIUM-SIZED ENTERPRISES: COVID-19 IMPACT
TABLE 53 MARKET SIZE IN SMALL AND MEDIUM-SIZED ENTERPRISES, BY REGION, 2016–2020 (USD MILLION)
TABLE 54 MARKET SIZE IN SMALL AND MEDIUM-SIZED ENTERPRISES, BY REGION, 2021–2026 (USD MILLION)
8.3 LARGE ENTERPRISES
8.3.1 LARGE ENTERPRISES: MARKET DRIVERS
8.3.2 LARGE ENTERPRISES: COVID-19 IMPACT
TABLE 55 MARKET SIZE IN LARGE ENTERPRISES, BY REGION, 2016–2020 (USD MILLION)
TABLE 56 MARKET SIZE IN LARGE ENTERPRISES, BY REGION, 2021–2026 (USD MILLION)
9 DIGITAL PAYMENT MARKET, BY VERTICAL (Page No. - 106)
9.1 INTRODUCTION
FIGURE 37 MEDIA AND ENTERTAINMENT VERTICAL TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 57 MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION)
TABLE 58 MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
9.2.1 BANKING, FINANCIAL SERVICES, AND INSURANCE: MARKET DRIVERS
9.2.2 BANKING, FINANCIAL SERVICES, AND INSURANCE: COVID-19 IMPACT
TABLE 59 BANKING, FINANCIAL SERVICES, AND INSURANCE: MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 60 BANKING, FINANCIAL SERVICES, AND INSURANCE: MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
9.3 RETAIL AND ECOMMERCE
9.3.1 RETAIL AND ECOMMERCE: DIGITAL PAYMENT MARKET DRIVERS
9.3.2 RETAIL AND ECOMMERCE: COVID-19 IMPACT
TABLE 61 MARKET SIZE IN RETAIL AND ECOMMERCE, BY REGION, 2016–2020 (USD MILLION)
TABLE 62 MARKET SIZE IN RETAIL AND ECOMMERCE, BY REGION, 2021–2026 (USD MILLION)
9.4 HEALTHCARE
9.4.1 HEALTHCARE: MARKET DRIVERS
9.4.2 HEALTHCARE: COVID-19 IMPACT
TABLE 63 MARKET SIZE IN HEALTHCARE, BY REGION, 2016–2020 (USD MILLION)
TABLE 64 MARKET SIZE IN HEALTHCARE, BY REGION, 2021–2026 (USD MILLION)
9.5 TRAVEL AND HOSPITALITY
9.5.1 TRAVEL AND HOSPITALITY: MARKET DRIVERS
9.5.2 TRAVEL AND HOSPITALITY: COVID-19 IMPACT
TABLE 65 MARKET SIZE IN TRAVEL AND HOSPITALITY, BY REGION, 2016–2020 (USD MILLION)
TABLE 66 MARKET SIZE IN TRAVEL AND HOSPITALITY, BY REGION, 2021–2026 (USD MILLION)
9.6 TRANSPORTATION AND LOGISTICS
9.6.1 TRANSPORTATION AND LOGISTICS: DIGITAL PAYMENT MARKET DRIVERS
9.6.2 TRANSPORTATION AND LOGISTICS: COVID-19 IMPACT
TABLE 67 MARKET SIZE IN TRANSPORTATION AND LOGISTICS, BY REGION, 2016–2020 (USD MILLION)
TABLE 68 MARKET SIZE IN TRANSPORTATION AND LOGISTICS, BY REGION, 2021–2026 (USD MILLION)
9.7 MEDIA AND ENTERTAINMENT
9.7.1 MEDIA AND ENTERTAINMENT: MARKET DRIVERS
9.7.2 MEDIA AND ENTERTAINMENT: COVID-19 IMPACT
TABLE 69 MARKET SIZE IN MEDIA AND ENTERTAINMENT, BY REGION, 2016–2020 (USD MILLION)
TABLE 70 MARKET SIZE IN MEDIA AND ENTERTAINMENT, BY REGION, 2021–2026 (USD MILLION)
9.8 OTHER VERTICALS
TABLE 71 MARKET SIZE IN OTHER VERTICALS, BY REGION, 2016–2020 (USD MILLION)
TABLE 72 MARKET SIZE IN OTHER VERTICALS, BY REGION, 2021–2026 (USD MILLION)
10 DIGITAL PAYMENT MARKET, BY REGION (Page No. - 121)
10.1 INTRODUCTION
FIGURE 38 ASIA PACIFIC TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
TABLE 73 MARKET SIZE, BY REGION, 2016–2020 (USD MILLION)
TABLE 74 MARKET SIZE, BY REGION, 2021–2026 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 NORTH AMERICA: REGULATORY NORMS
10.2.2 NORTH AMERICA: MARKET DRIVERS
10.2.3 NORTH AMERICA: COVID-19 IMPACT
FIGURE 39 NORTH AMERICA: MARKET SNAPSHOT
TABLE 75 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
TABLE 76 NORTH AMERICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
TABLE 77 NORTH AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 78 NORTH AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 79 NORTH AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 80 NORTH AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 81 NORTH AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 82 NORTH AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 83 NORTH AMERICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION)
TABLE 84 NORTH AMERICA: MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
TABLE 85 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION)
TABLE 86 NORTH AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
TABLE 87 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION)
TABLE 88 NORTH AMERICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 89 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
TABLE 90 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
10.2.4 UNITED STATES
TABLE 91 UNITED STATES: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
TABLE 92 UNITED STATES: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
TABLE 93 UNITED STATES: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 94 UNITED STATES: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 95 UNITED STATES: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 96 UNITED STATES: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 97 UNITED STATES: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 98 UNITED STATES: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 99 UNITED STATES: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION)
TABLE 100 UNITED STATES: MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
TABLE 101 UNITED STATES: MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION)
TABLE 102 UNITED STATES: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
TABLE 103 UNITED STATES: MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION)
TABLE 104 UNITED STATES: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
10.2.5 CANADA
TABLE 105 CANADA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
TABLE 106 CANADA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
TABLE 107 CANADA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 108 CANADA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 109 CANADA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 110 CANADA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 111 CANADA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 112 CANADA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 113 CANADA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION)
TABLE 114 CANADA: MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
TABLE 115 CANADA: MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION)
TABLE 116 CANADA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
TABLE 117 CANADA: MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION)
TABLE 118 CANADA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
10.3 EUROPE
10.3.1 EUROPE: REGULATORY NORMS
10.3.2 EUROPE: MARKET DRIVERS
10.3.3 EUROPE: COVID-19 IMPACT
TABLE 119 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
TABLE 120 EUROPE: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
TABLE 121 EUROPE: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 122 EUROPE: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 123 EUROPE: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 124 EUROPE: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 125 EUROPE: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 126 EUROPE: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 127 EUROPE: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION)
TABLE 128 EUROPE: MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
TABLE 129 EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION)
TABLE 130 EUROPE: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
TABLE 131 EUROPE: MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION)
TABLE 132 EUROPE: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 133 EUROPE: MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
TABLE 134 EUROPE: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
10.3.4 UNITED KINGDOM
10.3.5 GERMANY
10.3.6 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: REGULATORY NORMS
10.4.2 ASIA PACIFIC: MARKET DRIVERS
10.4.3 ASIA PACIFIC: COVID-19 IMPACT
FIGURE 40 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 135 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
TABLE 136 ASIA PACIFIC: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
TABLE 137 ASIA PACIFIC: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 138 ASIA PACIFIC: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 139 ASIA PACIFIC: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 140 ASIA PACIFIC: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 141 ASIA PACIFIC: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 142 ASIA PACIFIC: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 143 ASIA PACIFIC: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION)
TABLE 144 ASIA PACIFIC: MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
TABLE 145 ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION)
TABLE 146 ASIA PACIFIC: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
TABLE 147 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION)
TABLE 148 ASIA PACIFIC: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 149 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
TABLE 150 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
10.4.4 CHINA
10.4.5 INDIA
10.4.6 REST OF ASIA PACIFIC
10.5 LATIN AMERICA
10.5.1 LATIN AMERICA: REGULATORY NORMS
10.5.2 LATIN AMERICA: MARKET DRIVERS
10.5.3 LATIN AMERICA: COVID-19 IMPACT
TABLE 151 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
TABLE 152 LATIN AMERICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
TABLE 153 LATIN AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 154 LATIN AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 155 LATIN AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 156 LATIN AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 157 LATIN AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 158 LATIN AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 159 LATIN AMERICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION)
TABLE 160 LATIN AMERICA: MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
TABLE 161 LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION)
TABLE 162 LATIN AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
TABLE 163 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION)
TABLE 164 LATIN AMERICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 165 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
TABLE 166 LATIN AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
10.5.4 BRAZIL
10.5.5 MEXICO
10.5.6 REST OF LATIN AMERICA
10.6 MIDDLE EAST AND AFRICA
10.6.1 MIDDLE EAST AND AFRICA: REGULATORY NORMS
10.6.2 MIDDLE EAST AND AFRICA: MARKET DRIVERS
10.6.3 MIDDLE EAST AND AFRICA: COVID-19 IMPACT
TABLE 167 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION)
TABLE 168 MIDDLE EAST AND AMERICA: MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION)
TABLE 169 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 170 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT SOLUTIONS MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 171 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 172 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 173 MIDDLE EAST AND AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION)
TABLE 174 MIDDLE EAST AND AMERICA: PROFESSIONAL DIGITAL PAYMENT SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 175 MIDDLE EAST AND AMERICA: DIGITAL PAYMENT MARKET SIZE, BY DEPLOYMENT TYPE, 2016–2020 (USD MILLION)
TABLE 176 MIDDLE EAST AND AMERICA: MARKET SIZE, BY DEPLOYMENT TYPE, 2021–2026 (USD MILLION)
TABLE 177 MIDDLE EAST AND AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION)
TABLE 178 MIDDLE EAST AND AMERICA: MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION)
TABLE 179 MIDDLE EAST AND AMERICA: MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION)
TABLE 180 MIDDLE EAST AND AMERICA: MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION)
TABLE 181 MIDDLE EAST AND AMERICA: MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION)
TABLE 182 MIDDLE EAST AND AMERICA: MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION)
10.6.4 GCC COUNTRIES
10.6.5 SOUTH AFRICA
10.6.6 REST OF THE MIDDLE EAST AND AFRICA
11 COMPETITIVE LANDSCAPE (Page No. - 172)
11.1 OVERVIEW
11.2 MARKET EVALUATION FRAMEWORK
FIGURE 41 DIGITAL PAYMENT MARKET EVALUATION FRAMEWORK, 2019–2021
11.3 KEY MARKET DEVELOPMENTS
11.3.1 PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 183 NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS, 2019–2021
11.3.2 DEALS
TABLE 184 DEALS, 2019–2021
11.3.3 OTHERS
TABLE 185 OTHERS, 2021
11.4 MARKET SHARE ANALYSIS OF TOP PLAYERS
TABLE 186 DIGITAL PAYMENT MARKET: DEGREE OF COMPETITION
11.5 HISTORICAL REVENUE ANALYSIS
FIGURE 42 REVENUE ANALYSIS OF LEADING PLAYERS, 2018–2020 (USD MILLION)
11.6 COMPANY EVALUATION MATRIX
11.6.1 COMPANY EVALUATION QUADRANT METHODOLOGY AND DEFINITIONS
TABLE 187 PRODUCT FOOTPRINT WEIGHTAGE
11.6.2 STARS
11.6.3 EMERGING LEADERS
11.6.4 PERVASIVE PLAYERS
11.6.5 PARTICIPANTS
FIGURE 43 DIGITAL PAYMENT MARKET (GLOBAL), KEY COMPANY EVALUATION MATRIX, 2021
11.7 COMPANY PRODUCT FOOTPRINT ANALYSIS
TABLE 188 COMPANY PRODUCT FOOTPRINT
TABLE 189 COMPANY APPLICATION FOOTPRINT
TABLE 190 COMPANY INDUSTRY FOOTPRINT
TABLE 191 COMPANY REGION FOOTPRINT
11.8 RANKING OF KEY PLAYERS
FIGURE 44 RANKING OF KEY PLAYERS IN THE DIGITAL PAYMENT MARKET, 2021
11.9 STARTUP/SME EVALUATION MATRIX METHODOLOGY AND DEFINITIONS
FIGURE 45 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
11.9.1 PROGRESSIVE COMPANIES
11.9.2 RESPONSIVE COMPANIES
11.9.3 DYNAMIC COMPANIES
11.9.4 STARTING BLOCKS
FIGURE 46 DIGITAL PAYMENT MARKET (GLOBAL) STARTUP/SME COMPANY EVALUATION MATRIX, 2021
12 COMPANY PROFILES (Page No. - 188)
12.1 MAJOR PLAYERS
(Business Overview, Products, Recent Developments, Response to COVID-19, MnM View)*
12.1.1 PAYPAL
TABLE 192 PAYPAL: BUSINESS OVERVIEW
FIGURE 47 PAYPAL: COMPANY SNAPSHOT
TABLE 193 PAYPAL: PRODUCTS OFFERED
TABLE 194 PAYPAL: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES
TABLE 195 PAYPAL: MARKET: DEALS
TABLE 196 PAYPAL: MARKET: OTHERS
12.1.2 FISERV
TABLE 197 FISERV: BUSINESS OVERVIEW
FIGURE 48 FISERV: COMPANY SNAPSHOT
TABLE 198 FISERV: PRODUCTS OFFERED
TABLE 199 FISERV: MARKET: PRODUCT LAUNCHES
TABLE 200 FISERV: MARKET: DEALS
TABLE 201 FISERV: MARKET: OTHERS
12.1.3 FIS
TABLE 202 FIS: BUSINESS OVERVIEW
FIGURE 49 FIS: COMPANY SNAPSHOT
TABLE 203 FIS: PRODUCTS OFFERED
TABLE 204 FIS: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES
TABLE 205 FIS: MARKET: DEALS
TABLE 206 FIS: MARKET: OTHERS
12.1.4 SQUARE
TABLE 207 SQUARE: BUSINESS OVERVIEW
FIGURE 50 SQUARE: COMPANY SNAPSHOT
TABLE 208 SQUARE: PRODUCTS OFFERED
TABLE 209 SQUARE: MARKET: PRODUCT LAUNCHES
TABLE 210 SQUARE: MARKET: DEALS
TABLE 211 SQUARE: MARKET: OTHERS
12.1.5 GLOBAL PAYMENTS
TABLE 212 GLOBAL PAYMENTS: BUSINESS OVERVIEW
FIGURE 51 GLOBAL PAYMENTS: COMPANY SNAPSHOT
TABLE 213 GLOBAL PAYMENTS: PRODUCTS OFFERED
TABLE 214 GLOBAL PAYMENTS: DIGITAL PAYMENT MARKET: DEALS
12.1.6 STRIPE
TABLE 215 STRIPE: BUSINESS OVERVIEW
TABLE 216 STRIPE: PRODUCTS OFFERED
TABLE 217 STRIPE: MARKET: PRODUCT LAUNCHES
TABLE 218 STRIPE: MARKET: DEALS
TABLE 219 STRIPE: DIGITAL PAYMENT MARKET: OTHERS
12.1.7 VISA
TABLE 220 VISA: BUSINESS OVERVIEW
FIGURE 52 VISA: COMPANY SNAPSHOT
TABLE 221 VISA: PRODUCTS OFFERED
TABLE 222 VISA: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES
TABLE 223 VISA: MARKET: DEALS
TABLE 224 VISA: MARKET: OTHERS
12.1.8 MASTERCARD
TABLE 225 MASTERCARD: BUSINESS OVERVIEW
FIGURE 53 MASTERCARD: COMPANY SNAPSHOT
TABLE 226 MASTERCARD: PRODUCTS OFFERED
TABLE 227 MASTERCARD: MARKET: PRODUCT LAUNCHES
TABLE 228 MASTERCARD: MARKET: DEALS
12.1.9 WORLDLINE
TABLE 229 WORLDLINE: BUSINESS OVERVIEW
FIGURE 54 WORLDLINE: COMPANY SNAPSHOT
TABLE 230 WORLDLINE: PRODUCTS OFFERED
TABLE 231 WORLDLINE: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES
TABLE 232 WORLDLINE: MARKET: DEALS
TABLE 233 WORLDLINE: MARKET: OTHERS
12.1.10 ADYEN
TABLE 234 ADYEN: BUSINESS OVERVIEW
FIGURE 55 ADYEN COMPANY SNAPSHOT
TABLE 235 ADYEN: PRODUCTS OFFERED
TABLE 236 ADYEN: MARKET: PRODUCT LAUNCHES
TABLE 237 ADYEN: MARKET: DEALS
TABLE 238 ADYEN: MARKET: OTHERS
12.1.11 ACI WORLDWIDE
TABLE 239 ACI WORLDWIDE: BUSINESS OVERVIEW
FIGURE 56 ACI WORLDWIDE: COMPANY SNAPSHOT
TABLE 240 ACI WORLDWIDE: PRODUCTS OFFERED
TABLE 241 ACI WORLDWIDE: DIGITAL PAYMENT MARKET: PRODUCT LAUNCHES
TABLE 242 ACI WORLDWIDE: MARKET: DEALS
12.1.12 TEMENOS
TABLE 243 TEMENOS: BUSINESS OVERVIEW
FIGURE 57 TEMENOS: COMPANY SNAPSHOT
TABLE 244 TEMENOS: PRODUCTS OFFERED
TABLE 245 TEMENOS: MARKET: DEALS
12.1.13 PAYU
TABLE 246 PAYU: BUSINESS OVERVIEW
TABLE 247 PAYU: PRODUCTS OFFERED
TABLE 248 PAYU: MARKET: PRODUCT LAUNCHES
TABLE 249 PAYU: MARKET: DEALS
TABLE 250 PAYU: DIGITAL PAYMENT MARKET: OTHERS
12.1.14 APPLE
TABLE 251 APPLE: BUSINESS OVERVIEW
FIGURE 58 APPLE: COMPANY SNAPSHOT
TABLE 252 APPLE: PRODUCTS OFFERED
TABLE 253 APPLE: MARKET: DEALS
12.1.15 JPMORGAN CHASE
TABLE 254 JPMORGAN CHASE: BUSINESS OVERVIEW
FIGURE 59 JPMORGAN CHASE: COMPANY SNAPSHOT
TABLE 255 JPMORGAN CHASE: PRODUCTS OFFERED
TABLE 256 JPMORGAN CHASE: MARKET: DEALS
TABLE 257 JP MORGAN CHASE: MARKET: OTHERS
12.1.16 WEX
TABLE 258 WEX: BUSINESS OVERVIEW
FIGURE 60 WEX: COMPANY SNAPSHOT
TABLE 259 WEX: PRODUCTS OFFERED
TABLE 260 WEX: DIGITAL PAYMENT MARKET: DEALS
TABLE 261 WEX: MARKET: OTHERS
12.1.17 FLEETCOR
TABLE 262 FLEETCOR: BUSINESS OVERVIEW
FIGURE 61 FLEETCOR: COMPANY SNAPSHOT
TABLE 263 FLEETCOR: PRODUCTS OFFERED
TABLE 264 FLEETCOR: DIGITAL PAYMENT MARKET: DEALS
*Details on Business Overview, Products, Recent Developments, Response to COVID-19, MnM View might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS
12.2.1 AURUS
12.2.2 PAYTRACE
12.2.3 STAX BY FATTMERCHANT
12.2.4 2CHECKOUT (VERIFONE)
12.2.5 SPREEDLY
12.2.6 DWOLLA
12.2.7 BRAINTREE
12.2.8 CLOVER
12.2.9 OPENWAY GROUP
12.2.10 EBANX
13 APPENDIX (Page No. - 275)
13.1 ADJACENT/RELATED MARKETS
13.1.1 LIMITATIONS
13.1.2 PAYMENT PROCESSING SOLUTIONS MARKET
13.1.2.1 Market definition
13.1.2.2 Market overview
13.1.2.3 Payment processing solutions market, by payment method
TABLE 265 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2014–2019 (USD MILLION)
TABLE 266 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY PAYMENT METHOD, 2019–2025 (USD MILLION)
13.1.2.4 Payment processing solutions market, by deployment mode
TABLE 267 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY DEPLOYMENT MODE, 2014–2019 (USD MILLION)
TABLE 268 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY DEPLOYMENT MODE, 2019–2025 (USD MILLION)
13.1.2.5 Payment processing solutions market, by vertical
TABLE 269 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY VERTICAL, 2014–2019 (USD MILLION)
TABLE 270 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY VERTICAL, 2019–2025 (USD MILLION)
13.1.2.6 Payment processing solutions market, by region
TABLE 271 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2014–2019 (USD MILLION)
TABLE 272 PAYMENT PROCESSING SOLUTIONS MARKET SIZE, BY REGION, 2019–2025 (USD MILLION)
13.1.3 CONTACTLESS PAYMENTS MARKET
13.1.3.1 Market definition
13.1.3.2 Market overview
13.1.3.3 Contactless payments market, by component
TABLE 273 CONTACTLESS PAYMENTS MARKET SIZE, BY COMPONENT, 2018–2025 (USD MILLION)
TABLE 274 HARDWARE: CONTACTLESS PAYMENTS MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 275 SERVICES: CONTACTLESS PAYMENTS MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
13.1.3.4 Contactless payments market, by vertical
TABLE 276 CONTACTLESS PAYMENTS MARKET SIZE, BY VERTICAL, 2018–2025 (USD MILLION)
13.1.3.5 Contactless payments market, by region
TABLE 277 CONTACTLESS PAYMENTS MARKET SIZE, BY REGION, 2018–2025 (USD MILLION)
13.1.4 PAYMENT AS A SERVICE MARKET
13.1.4.1 Market definition
13.1.4.2 Market overview
13.1.4.3 Payment as a service market, by component
TABLE 278 PAYMENT AS A SERVICE MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
TABLE 279 SERVICES: PAYMENT AS A SERVICE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
TABLE 280 PROFESSIONAL SERVICES: PAYMENT AS A SERVICE MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
13.1.4.4 Payment as a service market, by vertical
TABLE 281 PAYMENT AS A SERVICE MARKET SIZE, BY VERTICAL, 2017–2024 (USD MILLION)
13.1.4.5 Payment as a service market, by region
TABLE 282 PAYMENT AS A SERVICE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
13.1.5 REAL-TIME PAYMENTS MARKET
13.1.5.1 Market definition
13.1.5.2 Market overview
13.1.5.3 Real-time payments market, by nature of payment
TABLE 283 REAL-TIME PAYMENTS MARKET SIZE, BY NATURE OF PAYMENT, 2016–2023 (USD MILLION)
TABLE 284 PERSON-TO-PERSON: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 285 PERSON-TO-BUSINESS: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 286 BUSINESS-TO-PERSON: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 287 OTHERS: REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
13.1.5.4 Real-time payments market, by component
TABLE 288 REAL-TIME PAYMENTS MARKET SIZE, BY COMPONENT, 2016–2023 (USD MILLION)
TABLE 289 SOLUTIONS: REAL-TIME PAYMENTS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
TABLE 290 PAYMENT GATEWAY MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 291 PAYMENT PROCESSING MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 292 PAYMENT SECURITY AND FRAUD MANAGEMENT MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 293 SERVICES: REAL-TIME PAYMENTS MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
TABLE 294 PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
TABLE 295 MANAGED SERVICES MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
13.1.5.5 Real-time payments market, by deployment mode
TABLE 296 REAL-TIME PAYMENTS MARKET SIZE, BY DEPLOYMENT MODE, 2016–2023 (USD MILLION)
13.1.5.6 Real-time payments market, by enterprise size
TABLE 297 REAL-TIME PAYMENTS MARKET SIZE, BY ENTERPRISE SIZE, 2016–2023 (USD MILLION)
13.1.5.7 Real-time payments market, by vertical
TABLE 298 REAL-TIME PAYMENTS MARKET SIZE, BY VERTICAL, 2016–2023 (USD MILLION)
13.1.5.8 Real-time payments market, by region
TABLE 299 REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 AVAILABLE CUSTOMIZATIONS
13.5 RELATED REPORTS
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The study involved 4 major activities in estimating the current market size of the digital payment market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the digital payment market.
Secondary Research
The market size of companies offering digital payment solutions and services was arrived at based on the secondary data available through paid and unpaid sources. It was also arrived at by analyzing the product portfolio of major companies and rating them based on their performance and quality. In the secondary research process, various sources were referred to, for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The other secondary sources such as National Automated Clearing House Association (NACHA), Electronic Transactions Association (ETA), European Mobile Payment Systems Association (EMPSA), European Card Payment Association (ECPA), and The Smart Payment Association (SPA) were used to collect secondary data. The market trends and initiatives in various countries were extracted from government associations, such as Electronic Money Association (EMA), APSCA, Singapore FinTech Association, The Payments Council of India (PCI), The Australian Payments Clearing Association (APCA), and Payments Association of South Africa (PASA).
Secondary research was mainly used to obtain key information about industry insights, the market’s monetary chain, overall pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from both market- and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Technology Officers (CTOs); Vice Presidents (VPs); directors from business development, marketing, and product development/innovation teams; related key executives from digital payment solution and service vendors, system integrators, professional and managed service providers, industry associations, and consultants; and key opinion leaders.
Primary interviews were conducted to gather insights, such as market statistics, data of revenue collected from solutions and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped understand various trends related to technology, application, deployment, and region. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Finance Officers (CFOs), Chief Strategy Officers (CSOs), and the installation team of end users who use digital payment solutions, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current usage of digital payment solutions, which is expected to affect the overall digital payment market growth.
Given below is the breakup of the primary respondents:
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Market Size Estimation
The top-down and bottom-up approaches were used to estimate and validate the size of the digital payment market and various other dependent submarkets in the overall market.
In the top-down approach, the estimation of the digital payment market was prepared from the global Fintech market. The global FinTech market has seven key areas: banking, insurance, loans, personal finance, digital payments, venture capital, and wealth management, and the share of digital payments was estimated through secondary sources, in-house research databases, and primary interviews. The digital payment area was studied and analyzed for its regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives. These market numbers were further triangulated with the existing MarketsandMarkets’ repository for validation.
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The bottom-up procedure was employed to arrive at the overall size of the digital payment market from the revenues of key players (companies) and their market shares. The calculation was done based on estimations, and by verifying key companies’ revenue through extensive primary interviews. Calculations based on the revenues of the key companies identified in the market led to the overall market size. The overall market size was used in the top-down procedure to estimate the size of other individual segments (component, deployment mode, organization size, vertical, and region) via the percentage splits of the market’s segments from secondary and primary research. The bottom-up procedure was also implemented for the data extracted from the secondary research to validate the market segment revenues obtained. Market shares were then estimated for each company to verify the revenue shares used earlier in the bottom-up procedure. With the data triangulation procedure and validation of data through primary interviews, the exact values of the overall parent market size and its segments’ market size were determined and confirmed using this study.
Data Triangulation
With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of the other individual markets via percentage splits of the market segmentation.
Report Objectives
- To determine and forecast the global digital payment market by component, organization size, deployment type, vertical, and region from 2021 to 2026, and analyze various macroeconomic and microeconomic factors that affect the market growth
- To forecast the size of the market’s segments with respect to five main regions: North America, Europe, Latin America, Asia Pacific (APAC), and Middle East and Africa (MEA)
- To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall market
- To provide detailed information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the digital payment market
- To profile key market players and provide a comparative analysis based on their business overviews, service offerings, regional presence, business strategies, and key financials.
- To track and analyze competitive developments, such as mergers and acquisitions, product developments, partnerships and collaborations, and Research and Development (R&D) activities, in the market.
COVID-19 impact
The outbreak of COVID-19 has significantly impacted operations in a few key sectors, such as manufacturing, logistics, hospitality, transportation, healthcare, and retail, and moderately impacted a few sectors that include IT and telecom, energy and utilities, government, education, and BFSI. The pandemic has accelerated the adoption of contactless and wallet payments. eWallets are witnessing increased traction for Peer to Peer (P2P) transfers, bill payments, and Customer to Business (C2B) payments for essential services owing to the lockdown and aversion to the exchange of cash. However, some wallet providers have increased their fees for merchants and consumers, leading to merchants not accepting their wallets for transactions.
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific requirements. The following customization options are available for the report:
Product Analysis
- Product matrix provides detailed product information and comparisons
Geographic Analysis
- Further breakup of the European digital payment market
- Further breakup of the APAC market
- Further breakup of the MEA market
- Further breakup of the Latin American market
Company Information
- Detailed analysis and profiles of additional market players
Generating Response ...
Growth opportunities and latent adjacency in Digital Payment Market
This report will give you a 360 analysis of Digital Payment Market landscape with deep-dive data market sizing, growth projections up to 2026, adoptions rates for platform, services and various application segments across various buyer segments. The report will also cover intel on top vendor developments, Regional analysis for North America, Europe, APAC, Latin America and MEA along with country level data and how this market will shape in the coming years of COVID-19 pandemic as opposed to previous years. Digital Payment Market Report is market focused study on the subject for industry stakeholders recently published and has been well received by many of the industry players aiming to determine the potential revenue opportunities and partnerships in Digital Payment Market space. The study will enable you to gauge the market potential within each of the product areas; and thereby make an informed decision to strategize partnerships, collaboration and marketing efforts to maximize potential revenues.