BANGALORE, India, March 26, 2020
BANGALORE, India, March 26, 2020 /PRNewswire/ -- One of the major reasons expected to drive the digital payment market (Online payment market) size during the forecast period is the increased use of smartphones, coupled with high internet penetration.
In 2019, The Global Digital payment market size was USD 35510 million and was forecasted to hit USD 70640 million by the end of 2026, with a CAGR of 10.2 percent in 2021-2026.
Digital payment includes payment gateways, payment processing solutions, mobile wallet solutions, mobile protection, fraud detection solutions, and POS solutions. Digital payment systems are divided into managed and professional services. During the forecast period, the payment gateway solutions subsegment is projected to rise at the highest CAGR.
FACTORS AFFECTING DIGITAL PAYMENT MARKET SIZE :
DIGITAL PAYMENT MARKET SHARE ANALYSIS BY REGION :
DIGITAL PAYMENT MARKET SEGMENTATIONS
Digital Payment Market segment by Regions/Countries, this report covers
Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-9U1275/Global_Digital_Payment_Market
Digital Payment Market segment by Type, the product can be split into
Digital Payment Market segment by Application, split into
The key players covered in this study
1. Online Payment Gateway Market Research Report
Online payment gateways are the merchant service that helps with a smooth transaction when shopping online.
The Global Online payment gateway market size was USD 1570 million in 2018 and is forecast to hit USD 4740 million by the end of 2025, with a CAGR of 14.8 percent in 2019-2025. Any financial service provider of a commercialized bank may provide the payment gateways services.
Digital payment gateway, for example, enables information transfer between front end processor, bank, and payment platform. This report focuses on the global status of the Online Payment Gateway, future outlook, opportunities for growth, key market, and key players. The aims of the study are to present the creation of the Online Payment Gateway in the United States, Europe, and China.
2. Mobile Wallet Market Research Report
The Global Mobile Wallet Market size is projected to rise at a compound annual growth rate (CAGR) of 18.03 percent from USD 84120.24 million in 2018 to USD 268452.24 million by the end of 2025.
Rising smartphone penetration and the acceptance of smart devices and digital payment options are among the factors largely attributable to the growth of the Global Mobile Wallet Market. Other factors attributable to market growth are the growing availability of net banking and online financial services, e-commerce, and rising mobile penetration. However, other factors, such as credit and debit card competition, can hinder the market growth.
3. Mobile Payment Market Research Report
Mobile payment market size was valued at USD 601 billion in 2016, and is projected to reach USD 4,574 billion by 2023, at a CAGR 33.8%
Mobile payment refers to payment services that are made remotely via messages or mobile apps. Various mobile payment technologies have been developed, such as Near-field Communication (NFC), to enable rapid money transfer.
Due to shifts in consumer preference from cash to digital payments and technological advances, e-payment methods have been widely used in China. Additionally, a rise in smartphone adoption and an increase in internet penetration has prompted many banks in the country to introduce mobile payment services.
4. Online Payment Solutions Market Research Report
The Online or Digital payment solutions market size is expected due to the increased use of smartphones, coupled with high internet penetration. Moreover, the easy accessibility of digital payment mobile applications is also predicted to increase the market size.
This report studies the market size of Digital Payment Solutions by players, countries, product types and end industries, historical data for 2014-2018, and forecast data for 2019-2025. Furthermore, this study also analyses the global market competition landscape, market drivers and patterns, opportunities and challenges, risks, and barriers to entry, distribution channels, distributors, and Porter's Five Forces Analysis.
5. Digital Wallets Market Research Report
The digital or E-wallet is an Internet or electronic payment system that stores both financial value and personal identity information on a mobile or computer.
The Digital Wallets Market report provides exhaustive research and detailed player revenue estimates for the 2015-2020 period. It also provides quantitative analysis by players for the period 2015-2020 backed by accurate revenue statistics (global and regional level).
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