Global Digital Payment Market was valued US$ 39.55 Bn in 2017 and is estimated to reach US$ 202.6 Bn by 2026, at a CAGR of 23.09% during a forecast period. Digital Payment Market is segmented into by Type, Mode of Payment, Solution type, by End-user Industry and Region. In terms of By Type is classified into solutions and services. In terms of Mode of Payment, the digital payment market is categorized into Contact and Contact-less. Based on Solution Type is split into Payment Processing, Payment Gateway, Payment Wallet, POS Solution, Payment Security and Fraud Management. Based on End-user Industry, digital payment market is classified into Retail, Transportation, Entertainment & Media, and Banking & Financial sector. Based on region digital payment market is split into North America, Europe, Middle East & Africa, Asia Pacific, and Latin America.
Major factors for growth of the digital payment market include initiatives take on for the aim of digital Payment, the rapid reproduction of smartphones and the need to provide improved customer service at point of purchase terminals. In the other hand, lack of global standards for cross-border Payment is a key factor expected to control the growth of the digital payment market. Increase in the number of digital transactions in appearing economies is expected to rise the demand for digital payment services. Asia-Pacific to Show the Highest Growth Rate in Digital Payment Market.
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Based on type, the services segment of the digital payment market is estimate to grow at a high CAGR during the forecast period as compared to the solutions segment. The payment gateway solutions is expected to grow at the highest CAGR during the forecast period as compared to the other subsegment of solution type.
Some of the leading players in the Global Digital Payment Market are MasterCard, Visa, PayPal, Amazon, Google, Freecharge, PhonePe, Samsung Pay, Aurus,BlueSnap,others.
Scope of the report for Global Digital Payment Market
Global Digital Payment Market, by type
Solutions
Services
Global Digital Payment Market, by Mean of Payment
Contact
Contact-less
Global Digital Payment Market, by Solution
Payment Processing
Payment Gateway
Payment Wallet
POS Solution
Payment Security and Fraud Management
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Global Digital Payment Market, Mode of Payment
Internet Based
o E-Wallets & Mobile Payment Applications
o Digital Currencies
o Bit coins
o Net banking
o other
Bank Cards
o Point of Sale (POS) Device
o Automated Teller Machine (ATM)
Global Digital Payment Market, by Service
Professional Services
o Consulting and Training Services
o System Integration and Deployment Services
o Support and Maintenance Services
Managed Services
Global Digital Payment Market by End-user
Telecom & Information Technology (IT)
Retail & E-Commerce
Banking, Financial Services, and Insurance (BFSI)
Media & Entertainment
Healthcare
Transportation
Government
Other
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Key Players
MasterCard
Visa
PayPal
Amazon
Google
Aurus
BlueSnap
Freecharge
PhonePe
Samsung Pay
First Data,
Worldpay
Wirecard
Fiserv
Chetu
Total System Services
Novatti
ACI Worldwide
Global Payments
Bluesnap
Paysafe
Worldline
Six Payment Services
The new research report titled "Digital Payment Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
Ltd., ACI Worldwide Inc., Novatti Group Limited, Global Payments Inc., Wirecard AG, Total System Services, Inc.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Digital Payment Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/digital-payment-market/download-sampleMarket DynamicsDigital payment has gained popularity in the last decade.
There have been remarkable innovations and initiatives that have changed the way people transact and pay.
The new report by Expert Market Research titled, ‘Global Digital Payment Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global digital payment market, assessing the market based on its segments like solution, deployment, mode of payment, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.
The sample report shall be delivered to you within 24 hours.Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/digital-payment-market/requestsampleThe key highlights of the report include:Market Overview (2021-2026)Historical Market Size (2020): USD 4.9 TrillionForecast CAGR (2021-2026): 13%Forecast Market Size (2026): USD 10.4 TrillionThe global digital payment market is driven by the initiatives of government to introduce digitisation in the economies in developing countries such as India, China, Singapore, and Australia.
In order to improve transparency, boost productivity, and provide easy transaction facilities the growing investment of government and private players will drive the growth in the forecast period.
Further, amidst Covid-19 pandemic the digital market saw a rapid growth owing to the need for contactless services.Industry Definition and Major SegmentsDigital payments are online or digital transactions which do not involve exchange of physical cash.
They require internet and a device with a mediating electronic platform.Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/digital-payment-marketThe market is divided on the basis of solution into:Payment GatewayPayment Security and Fraud ManagementPayment ProcessingTransaction Risk ManagementOthersThe market is bifurcated on the basis of deployment into:CloudOn-PremisesIn terms of mode of payment, the market is segmented into:Digital WalletsBank CardsDebit cardCredit cardPre-paid cardNet BankingDigital CurrenciesOthersThe market is segmented on the basis of end use into:BFSIHealthcareRetail and E-commerceIT and TelecommunicationMedia and EntertainmentTransportation and LogisticsTravel and HospitalityEducationOthersOn the basis of regional markets, the industry is divided into:1 North America1.1 United States of America1.2 Canada2 Europe2.1 Germany2.2 United Kingdom2.3 France2.4 Italy2.5 Others3 Asia Pacific3.1 China3.2 Japan3.3 India3.4 ASEAN3.5 Others4 Latin America4.1 Brazil4.2 Argentina4.3 Mexico4.4 Others5 Middle East & Africa5.1 Saudi Arabia5.2 United Arab Emirates5.3 Nigeria5.4 South Africa5.5 OthersMarket TrendsRegionally, North America and Europe are the largest shareholder in the global digital payment market owing to the early adoption of the technology.
Moreover, advance smartphone technology and internet in the region aids to the growth of the market.