Digital Payment Market is expected Analysis, Share, Trends, Key Drivers, Size, Developments, Future Forecast and Is Projected to Reach USD 272.64 billion in 2029.
The persuasive Digital Payment Market research report is specifically designed with a set of proven guidelines and methodologies. It offers right direction for important firms and individuals interested in strengthening their position in the market globally.
The document also explains key elements such as revenue, business distribution, market share, shipment, gross profit, and more. All these elements help the readers to understand more information about industry competitors. Being the most suitable example of the above attributes, the world class Digital Payment Market report has been prepared by keeping in mind every market related aspect.
DIGITAL PAYMENT MARKET OVERVIEW-
Global Digital Payment Market, By Offering (Solutions, Services), Deployment Model (On Premises, Cloud), Organization Size (Large Enterprises, Small & Medium Enterprises (SMEs)), Mode of Payment (Payment Cards, Point of Sale, Unified Payments Interface (UPI) Service, Mobile Payment, Online Payment), Mode of Usage (Mobile Application, Desktop/Web Browser), Technology (Application Programming Interface (API), Data Analytics and ML, Digital Ledger Technology (DLT), AI and IoT, Biometric Authentication), Use Case (Person (P/C), Merchant/ Business, Government), End User (Commercial, Consumer) – Industry Trends and Forecast to 2029.
DIGITAL PAYMENT MARKET ANALYSIS AND INSIGHT
- Global digital payment market was valued at USD 81.07 billion in 2021 and is expected to reach USD 272.64 billion by 2029, registering a CAGR of 16.37% during the forecast period of 2022-2029.
- An influential Digital Payment Market report represents all the regions as well as countries across the globe, which showcase a regional manufacturing status, such as volume, market size, value and price details. It has been believed that the finest market research report is the one which is pertinent, unique, and creditable that employs proven tools and techniques to turn complex market insights into simpler version. A market research carried out in this report assists in improving and enhancing the products so that future products offer more fulfillments to the valuable customers. According to XYZ market report, new highs will take place in the Digital Payment Market in 2021-2028.
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COVID-19 Impact on Digital Payment Market
- The COVID-19 pandemic has benefited the expansion of the market and the post-pandemic period will continue to push forward the market growth rate. The pandemic phase has led to the widespread adoption of contactless payment systems, particularly e-wallets. Though the manufacturing industry was hit badly, the market for digital payments saw a rise in bill payments, Peer to Peer (P2P) transfers, and Customer to Business (C2B) payments during the lockdown period.
RECENT DEVELOPMENTS
- Fiserv will introduce EnteractSM, a brand-new cloud-based customer relationship management (CRM) platform for financial institutions, in November 2021. A Microsoft Azure-based integration framework offered by Enteract allows for real-time process integration across core banking, enterprise content management, and digital channels. It also synchronises consumer data with back-end systems.
- Virgin Money and Global Payments Inc. signed a contract in September 2021 to use Global Payments' distinctive two-sided network to give Virgin Money consumers access to industry-leading digital payment experiences worldwide.
- RealNet is a new cloud-based software as a service (SaaS) platform that will enable account-to-account (A2A) transactions for companies, individuals, and governments across real-time payment networks. RealNet was introduced by FIS in April 2021.
KEY PLAYERS DIGITAL PAYMENT MARKET
- Abbott
- Johnson & Johnson Services Inc.
- Medtronic
- DuPont
- Bio-Rad Laboratories Inc.
- Universal Biosensors
- Sysmex Corporation
- Nova Biomedical
- ACON Laboratories Inc.
- General Electric
- DANAHER
- Drägerwerk AG & Co. KGaA
- Ercon Inc.
- Xsensio
- Analog Devices Inc.
- Animas LLC
- LifeSensors
- Siemens
- F. Hoffmann-La Roche Ltd
DIGITAL PAYMENT MARKET SEGMENTATION
Offering
- 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
Deployment Model
- On Premises
- Cloud
Organization Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
Mode of Payment
- Payment Cards
- Point of Sale
- Unified Payments Interface (UPI) Service
- Mobile Payment
- Online Payment
Mode of Usage
- Mobile Application
- Desktop/Web Browser
Technology
- Application Programming Interface (API)
- Data Analytics and ML
- Digital Ledger Technology (DLT)
- AI and IoT
- Biometric Authentication
Use Case
- Person (P/C)
- Merchant/ Business
- Government
End User
- Commercial
- Consumer
DIGITAL PAYMENT MARKET COUNTRY LEVEL ANALYSIS
The countries covered in the Digital Payment Market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
DIGITAL PAYMENT MARKET SCENARIO
According to Data Bridge Market Research, the market for digital payment in North America region has the highest market share followed by Asia-Pacific and Europe. Market leader is Visa which accounts an estimated market share of approximately 8% to 15% in the North America region. The company has gained outstanding sales through their industrial products which include Visa Credit Cards, Visa Prepaid Cards and Visa Debit Cards.
- In February 2018, Google announced the launch of Google pay for making payments. The new app provided the capability of making payments through mobile app by adding the debit cards or credit cards. The new product increased the product portfolio of the company.
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Basic Questions Answered
- What are the key driving factors and challenges in the industry?
- Who are the key market players in the Digital Payment Market?
- What are the regional growth trends and the leading revenue-generating regions for the Digital Payment Market?
- How has the Digital Payment Market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Digital Payment Market?
- What are the key regional markets?
- What is the major Product Type of Digital Payment Market?
- What are the major applications of Digital Payment Market?
MAJOR TOC OF THE REPORT
- Chapter One: Industry Overview
- Chapter Two: Analysis and Insights
- Chapter Three: Major Segmentation Analysis
- Chapter Four: Country Level Analysis
- Chapter Five: Production Market Analysis
- Chapter Six: Sales Market Analysis
- Chapter Seven: Consumption Market Analysis
- Chapter Eight: Production, Sales, and Consumption Market Comparison Analysis
- Chapter Nine: Major Manufacturer’s Production and Sales Market Comparison Analysis
- Chapter Ten: Competition Analysis by Players
- Chapter Eleven: Marketing Channel Analysis
- Chapter Twelve: New Project Investment Feasibility Analysis
Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=global-digital-payment-market
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