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
- What was the Digital Payment Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Digital Payment Market during the forecast period (2022-2028)?
- 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).
- Which manufacturer/vendor/players in the Digital Payment Market was the market leader in 2021?
- 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.
The report will be delivered within 48-72 hours after payment confirmation