Digital Payment Processing Market 2020 | Insights and Forecast Research Report 2027

The research and analysis conducted in Digital Payment Processing Market Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Digital Payment Processing industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Digital Payment Processing Market report is provided that covers many work areas.

The digital payment processing market is expected to witness market growth at a rate of 14.80% in the forecast period of 2021 to 2028 and is expected to reach USD 233.14 billion by 2028. Data Bridge Market Research report on digital payment processing market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growing trend of the promotion of digital payments is escalating the growth digital payment processing market.

Digital payment is basically cashless electronic monetary transactions. It consists of mobile payments at point of sale (PoS) through mobile applications (apps) and monetary transactions made through the internet. Several organizations have adopted digital payment mode over traditional payment modes such as check, cash, demand draft and money order. Peer-to-peer transfers between consumers and private users are also categorized under digital payment. Digital payment provides numerous benefits including ease of convenience and accessibility to users and enabling users to mitigate thefts and losses.

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The proliferation of global digitalization increasing demand for digital payment services, the high adoption by merchants to provide their services in the digital payment services market space and increasing need to provide enhanced customer support at the point of sales (POS) terminal are the major factors driving the digital payment processing market. The unfavorable return policy as cash purchase tends to be final and irreversible unless the seller agrees upon a return policy, the popularity of digital payment for its user friendly and digital payment features real time, agile and personalized payment services accelerate the digital payment processing market growth. The employment of the usage of application program interface (API), mobile wallets and blockchain technologies to enhance customer experience and increasing use of digital payment as it supports safer, faster and more convenient payment methods influence the digital payment processing market. Additionally, an increasing number of e-commerce industries, high proliferation of smartphones enabling mCommerce growth and evolving customer expectations positively affect the digital payment processing market. Furthermore, adoption of open-banking APIs, progressive changes in regulatory frameworks and rapid decline in unbanked population extend profitable opportunities to the digital payment processing market players in the forecast period of 2021 to 2028.

On the other hand, lack of global standards for cross-border payments and evolving cyber-attacks on digital payments are the factors expected to obstruct the digital payment processing market growth. Lack of digital literacy in emerging countries and fragmented regional regulatory landscape are projected to challenge the digital payment processing market in the forecast period of 2021 to 2028.

This digital payment processing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital payment processing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Digital Payment Processing Market Scope and Market Size

The digital payment processing market is segmented on the basis of deployment type, organization size and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

  • On the basis of deployment type, the digital payment processing market is segmented into on-premises and cloud.
  • On the basis of organization size, the digital payment processing market is segmented into small and medium-sized enterprises and large enterprises.
  • On the basis of vertical, the digital payment processing market is segmented into banking, financial services and insurance, retail and ecommerce, healthcare, travel and hospitality, transportation and logistics, media and entertainment and other verticals.

Global Digital Payment Processing Market Country Level Analysis

The digital payment processing market is analyzed and market size, volume information is provided by country, deployment type, organization size and vertical as referenced above.

The countries covered in the global digital payment processing market report are the 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).

North America dominates the digital payment processing market due to the expansion of the mobile commerce industry, existence of a large number of digital payment solution providers, reliable broadband and network infrastructure, customer willingness and preference for cashless payments and banking economy and developed digital economy in the region. Asia-Pacific is expected to witness the highest CAGR during the forecast period of 2021 to 2028 because of the proliferation of digitalization, increasing number of small and medium enterprises and government initiatives to use digital payments.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Digital Payment Processing Market Share Analysis

The digital payment processing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital payment processing market.

The major players covered in the digital payment processing market report are Fiserv, Inc., FIS, PayPal Payments Private Limited, Global Payments Inc., Square Capital, LLC, Visa Inc., Mastercard, WEX Inc., ACI Worldwide, Inc., JPMorgan Chase & Co., Intuit Inc., Stripe, Due Inc., Adyen, PayTrace, Apple Inc., ALIANT PAYMENTS, Aurus Inc., Fattmerchant Inc., 2Checkout, Paysafe Holdings UK Limited, PayU, SPREEDLY, INC. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the all inclusive Digital Payment Processing report. This report aims to examine the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between major players. It is a professional and a detailed report focusing on primary and secondary drivers, market share, market size, sales volume, leading segments and geographical analysis. Global Digital Payment Processing market report contains comprehensive and thorough insights which are based on business intelligence.

Major Highlights of Digital Payment Processing market in Covid-19 pandemic covered in report:

The report provides impact of COVID-19 on Digital Payment Processing market along with its impact on overall industry and economy of world. Further, it adds changes in consumer buying behavior as it impacts majorly on market growth and sales. Distributors and traders on marketing strategy analysis focusing on region wise needs in covid-19 pandemic is also added in the Digital Payment Processing market report. The last segment of COVID-19 impact chapter include recovery and major changes opted by major players involved in Digital Payment Processing market.

Reasons to Purchase this Report:

  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value USD Million and volume Units Million data for each segment and sub-segment
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Content:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

PART 05: MARKET LANDSCAPE

PART 06: MARKET SIZING

PART 07: FIVE FORCES ANALYSIS

PART 08: MARKET SEGMENTATION BY PRODUCT

PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

PART 10: CUSTOMER LANDSCAPE

PART 11: MARKET SEGMENTATION BY END-USER

PART 12: REGIONAL LANDSCAPE

PART 13: DECISION FRAMEWORK

PART 14: DRIVERS AND CHALLENGES

PART 15: MARKET TRENDS

PART 16: COMPETITIVE LANDSCAPE

PART 17: COMPANY PROFILES

PART 18: APPENDIX

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