Digital Payment Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The digital payment market size is expected to grow from USD 79.3 billion in 2021 to USD 154.1 billion by 2028, at a CAGR of 14%. The digital payment market is expected to grow owing to global initiatives to promote digital payments, proliferation of smart phones enabling m Commerce growth, increasing e-commerce sales and growth in Internet penetration. 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.

Company Profile

• Mastercard (US)
• PayPal (US)
• Paysafe (UK)
• PayTrace (US)
• PayU (Netherlands)
• Spreedly (US)
• Square (US)

Market Segmentation

By Solution

• Application Program Interface
• Payment Gateway
• Payment Processing
• Payment Security & Fraud Management
• Transaction Risk Management

By Mode of Payment

• Bank Cards
• Digital Currencies
• Digital Wallets
• Net Banking
• Point of Sales

By Deployment

• Cloud
• On-premise

Scope of the Report

The research study analyzes the Digital Payment Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Digital Payment Market Report

1. What was the Digital Payment Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Digital Payment Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Digital Payment Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Digital Payment Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Digital Payment
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Digital Payment
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Digital Payment Market.