The digital payment market is expected to grow from US$ 89,045.67 million in 2021 to US$ 243,426.71 million by 2028; it is estimated to grow at a CAGR of 15.4% from 2021 to 2028.
The global digital payment market is expected to grow during the forecast period due to the increasing prevalence of smartphones enabling the expansion of mCommerce. The way people access the internet has a direct impact on the growth of mobile commerce. Users prefer smartphones over PCs for internet surfing as smartphones are more affordable, and high-speed internet is no longer a premium infrastructure in many countries. Retailers develop shopping applications that have easy-to-browse catalogs and a simple checkout experience. The fact that customers are intrinsically tied to their mobile phones is not missed by bankers and payment service providers. Banks provide banking apps that allow transactions to be completed on a mobile device's screen. Mobile commerce has also shifted the way brick-and-mortar businesses work, particularly in terms of accepting cashless payments. Furthermore, difference between physical and digital commerce is dissolving, and channels are converging increasingly. The in-store purchase experience has shifted significantly closer to the online one due to the strong emphasis on contactless payments during the COVID-19 pandemic. Also, before the pandemic, contactless payments were already well-established in a few regions. Touchless payments and/or biometric identification are prevalent in the online purchase experience. The contactless card is the most prevalent kind of touch-free payment. Mobile payments, on the other hand, are gaining popularity due to easy use and the growing popularity of original equipment manufacturer (OEM) Pay solutions as a retail payment method. In a few countries, retailers and governments proactively request the customers to increase contactless payments and encourage retailers to make this possible. Many banks have increased their contactless payment limits to reduce the need for a touchpad or cash at the point of sale. All these factors drive the growth of the digital payment market.
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Digital Payment Market: Strategic Insights
Market Size Value in US$ 89,045.67 million in 2021 Market Size Value by US$ 243,426.71 million by 2028 Growth rate CAGR of 15.4% from 2021 to 2028. Forecast Period 2021-2028 Base Year 2021
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Digital Payment Market: Strategic Insights
| Market Size Value in | US$ 89,045.67 million in 2021 |
| Market Size Value by | US$ 243,426.71 million by 2028 |
| Growth rate | CAGR of 15.4% from 2021 to 2028. |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Digital Payment Market
The COVID-19 pandemic has benefited the digital payment market. Businesses are facing new challenges due to the pandemic and the development of remote work environments. At least 58 governments in developing countries have adopted digital payments to give COVID-19 help, according to a World Bank survey of policy responses to the pandemic. At least 36 countries received the funds in fully functional accounts that may be used for saving or transactions in addition to withdrawing cash. Financial inclusion necessitates such extensive capability. Further, the emergence of the pandemic in 2020 has prompted a slew of challenges for global market operations. Healthcare infrastructures of developed economies have collapsed due to the rising number of COVID-19 cases. As a result, the public healthcare emergency will require the governments and market players to intervene and assist in the revival of market operations and revenue through collaborative efforts of research and development initiatives to recover the losses during the forecast period. In addition, the increased investments bode well for the digital payment market in the following years.
Lucrative Regions for Digital Payment Market
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Digital Payment Market Insights
Growing Adoption of Open-Banking APIs
Financial services companies are recognizing the importance of open banking initiatives and application programming interfaces. Traditional banks understand that they must improve their digital capabilities to compete in the sector and avoid being disintermediated by new entrants with superior offers and services. For instance, numerous financial services companies such as PayPal, Wells Fargo, and Visa are supporting Open Banking projects. Also, in Europe, Open Banking initiatives are progressively becoming the norm because banks are legally required to make account information accessible via APIs under the Revised Payment Services Directive (PSD2), effective from 2018. Open Banking APIs boost a bank's attractiveness and enable it to meet the changing expectations of existing clients and attract new ones. The APIs may also be used as a one-of-a-kind solution to boost customer interaction and respond to consumer requirements in a safe, agile, and future-proof way. Open Banking APIs are significant assets for financial services organizations because they allow them to expand service offerings, boost client interaction, and create new digital income channels, which would offer a significant opportunity for the digital payment market to expand during the forecasted period
Deployment Segment Insights
Based on deployment, the digital payment market is bifurcated into on-premise and cloud-based. The cloud-based segment led the market in 2020. Cloud-based deployment provides built-in data security, on-demand scalability, and the capacity to quickly perform intensive computing activities. The cloud is a significant enabler of digital wallets. As digital wallets become popular, these benefits might greatly improve existing functionality and even lead to new innovations. The use of remote virtual storage eliminates the need for physical servers, reducing the risk of outage and disaster. Clouds also provide robust cybersecurity protections and can meet critical regulatory standards, such as the Payment Card Industry Data Security Standard (PCI DSS), which is particularly relevant in the financial services industry.
Digital Payment Market, by Deployment (% Share)
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Organization Size Segment Insights
Based on organization size, the digital payment market is bifurcated into large enterprises and SMEs. The large enterprises segment led the market in 2020 and is expected to dominate the market during the forecast period. Even when it comes to payment systems, technological adoption is critical for reducing redundancies. For larger organizations, however, a one-size-fits-all solution will not work. The emergence of central bank digital currencies (CBDCs) and increase in the widespread adoption of cryptocurrencies on traditional payment systems would force many large enterprises to include digital currencies into their apps in the coming years. These companies will utilize digital currencies primarily for payment, as a store of value, and to leverage high-yield investments offered in decentralized finance (DeFi) apps. For instance, PayG provides tailored payment solutions for major businesses and assists them in improving their collection methods. It allows large enterprises to keep track of their cash inflows and outflows and enables them to scale when they need to, without introducing any processes, which is driving the growth of the digital payment market
Component Type Segment Insights
Based on application, the digital payment market is bifurcated into solution and service. The solution segment led the market in 2020. Banks, processors, telecom carriers, and merchants can use digital payment systems to make digital payments smoothly and in conformity with international payment standards. The solution includes a platform that controls the life cycle of digital cards. It oversees the whole enrollment process, as well as the provisioning and securing administration of credentials. Issuers and service providers can use the platform to deliver their services in their own wallets or third-party wallets, which fuels the growth of the market. The global digital payment market for the solution segment is segmented into payment gateway, payment processing, payment security and fraud management, and others.
The digital payment market players focus on new product innovations and developments by integrating advanced technologies and features to compete. For instance, in January 2021, Okay and FSS Technologies (Financial Software and Systems), a worldwide payments technology firm, announced their alliance to deliver focused authentication security to consumer payments, particularly transaction validation and authentication on mobile. With its next-generation products, technology, and solution offerings, FSS is already expanding its commercial potential in Europe. In May 2020, Fiserv, Inc. purchased Inlet, LLC (“Inlet”), a supplier of secure digital delivery solutions for invoices and statements for enterprise and middle-market billers. The Payments sector includes Inlet, which advances the company’s digital bill payment strategy.
Digital Payment Market – Company Profiles
- ACI WORLDWIDE, INC
- Adyen
- Financial Software & Systems Pvt. Ltd.
- Fiserv, Inc.
- Global Payments Inc.
- Novatti Group Ltd
- PayPal Holdings, Inc.
- Paysafe Limited
- Block, Inc.
- PayU
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, Organization Size, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America held the largest market share in year 2020, along with the notable revenue generation opportunities in Europe and APAC.
The rising demand of the diverse demands of customers, retailers, banks, telecom providers, and gadget suppliers is the primary reason for emerging digital payment model's success. It enables them to go to various locations, such as concerts, trade exhibits, and food trucks, where they may receive money from clients. This is accomplished by properly implementing mPOS in the industry. Retailers may use mPOS and associated software systems to improve and enhance consumer interaction, resulting in higher conversion rates and sales. Mobile point-of-sale (mPOS) refers to specific integrated devices that may operate as electronic point-of-sale terminals, such as smartphones and tablets. Mobile POS deployments allow brick-and-mortar retailers to use pricing, product information, and inventory data, enabling for omnichannel engagement, which, in turn, is likely to gain momentum for the digital payment market during the forecasted period.
Key companies in the digital payment market include ACI Worldwide, Inc; Adyen; Financial Software & Systems Pvt. Ltd.; Fiserv, Inc.; Global Payments Inc.; Novatti Group Ltd; and Paypal Holdings, Inc.
The global digital payment market is bifurcated on basis of organization type as small and medium enterprises (SMEs), and large enterprises. The global digital market is dominated by large enterprises segment in 2020, which accounted for ~ 68.4%.
Financial services companies are recognizing the importance of open banking initiatives and application programming interfaces. Traditional banks understand that they must improve their digital capabilities to compete in the sector and avoid being disintermediated by new entrants with superior offers and services. For instance, numerous financial services companies such as PayPal, Wells Fargo, and Visa are supporting Open Banking projects. Also, in Europe, Open Banking initiatives are progressively becoming the norm because banks are legally required to make account information accessible via APIs under the Revised Payment Services Directive (PSD2), effective from 2018.
Open Banking APIs boost a bank's attractiveness and enable it to meet the changing expectations of existing clients and attract new ones. The APIs may also be used as a one-of-a-kind solution to boost customer interaction and respond to consumer requirements in a safe, agile, and future-proof way. Open Banking APIs are significant assets for financial services organizations because they allow them to expand service offerings, boost client interaction, and create new digital income channels, which would offer a significant opportunity for the digital payment market to expand during the forecasted period.
Increasing Prevalence of Smartphones Enabling Expansion of mCommerce
Rising Adoption of Contactless Payments
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Digital Payment Market – By Component
1.3.2 Global Digital Payment Market – By Deployment
1.3.3 Global Digital Payment Market – By Organization Size
1.3.4 Global Digital Payment Market – By Industry
1.3.5 Global Digital Payment Market – By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Digital Payment Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Digital Payment Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Prevalence of Smartphones EnablingExpansion of mCommerce
5.1.2 Rising Adoption of Contactless Payments
5.2 Market Restraints
5.2.1 Lack ofInternational Cross-Border Payment Standards
5.3 Market Opportunities
5.3.1 Growing Adoption of Open-Banking APIs
5.4 Future Trends
5.4.1 Surging Demand for Mobile Point of Sales (mPOS)
5.5 Impact Analysis of Drivers and Restraints
6. Digital Payment Market – Global Market Analysis
6.1 Global Digital Payment Market Overview
6.2 Global Digital Payment Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Digital Payment Market Analysis – By Component
7.1 Overview
7.2 Digital Payment, by Component (2020 and 2028)
7.3 Solutions
7.3.1 Overview
7.3.2 Solutions: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
7.3.3 Payment Gateway
7.3.3.1 Overview
7.3.3.2 Payment Gateway: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
7.3.4 Payment Processing
7.3.4.1 Overview
7.3.4.2 Payment Processing: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
7.3.5 Payment Security and Fraud Management
7.3.5.1 Overview
7.3.5.2 Payment Security and Fraud Management: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
7.3.6 Point of Sale
7.3.6.1 Overview
7.3.6.2 Point of Sale: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
7.3.7 Payment Wallet
7.3.7.1 Overview
7.3.7.2 Payment Wallet: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
7.4.3 Professional Services
7.4.3.1 Overview
7.4.3.2 Professional Services: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
7.4.4 Managed Services
7.4.4.1 Overview
7.4.4.2 Managed Services: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
8. Digital Payment Market – By Deployment
8.1 Overview
8.2 Digital Payment, by Deployment (2020 and 2028)
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cloud-Based
8.4.1 Overview
8.4.2 Cloud-Based: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
9. Digital Payment Market – By Organization Size
9.1 Overview
9.2 Digital Payment, by Organization Size (2020 and 2028)
9.3 Small and Medium Enterprises
9.3.1 Overview
9.3.2 Small and Medium Enterprises: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Large Enterprises: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
10. Digital Payment Market – By Industry
10.1 Overview
10.2 Digital Payment, by Industry (2020 and 2028)
10.3 BFSI
10.3.1 Overview
10.3.2 BFSI: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Retail and Ecommerce
10.4.1 Overview
10.4.2 Retail and Ecommerce: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Healthcare
10.5.1 Overview
10.5.2 Healthcare: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Travel and Hospitality
10.6.1 Overview
10.6.2 Travel and Hospitality: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
10.7 Media and Entertainment
10.7.1 Overview
10.7.2 Media and Entertainment: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
10.8 IT and Telecom
10.8.1 Overview
10.8.2 IT and Telecom: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
10.9 Others
10.9.1 Overview
10.9.2 Others: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
11. Digital Payment Market – Geographic Analysis
11.1 Overview
11.2 North America: Digital Payment Market
11.2.1 Overview
11.2.2 North America Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.2.3 North America Digital Payment Market Breakdown, By Component
11.2.4 North America Digital Payment Market Breakdown, By Deployment
11.2.5 North America Digital Payment Market Breakdown, By Organization Size
11.2.6 North America Digital Payment Market Breakdown, By Industry
11.2.7 North America Digital Payment Market Breakdown, by Country
11.2.7.1 US Digital Payment Market, Revenue and Forecast to 2028
11.2.7.1.1 US Digital Payment Market Breakdown, By Component
11.2.7.1.2 US Digital Payment Market Breakdown, By Deployment
11.2.7.1.3 US Digital Payment Market Breakdown, By Organization Size
11.2.7.1.4 US Digital Payment Market Breakdown, By Industry
11.2.7.2 Canada Digital Payment Market, Revenue and Forecast to 2028
11.2.7.2.1 Canada Digital Payment Market Breakdown, By Component
11.2.7.2.2 Canada Digital Payment Market Breakdown, By Deployment
11.2.7.2.3 Canada Digital Payment Market Breakdown, By Organization Size
11.2.7.2.4 Canada Digital Payment Market Breakdown, By Industry
11.2.7.3 Mexico Digital Payment Market, Revenue and Forecast to 2028
11.2.7.3.1 Mexico Digital Payment Market Breakdown, By Component
11.2.7.3.2 Mexico Digital Payment Market Breakdown, By Deployment
11.2.7.3.3 Mexico Digital Payment Market Breakdown, By Organization Size
11.2.7.3.4 Mexico Digital Payment Market Breakdown, By Industry
11.3 Europe: Digital Payment Market
11.3.1 Overview
11.3.2 Europe Digital Payment Market Revenue and Forecast to 2028 (US$ million)
11.3.3 Europe Digital Payment Market Breakdown, By Component
11.3.4 Europe Digital Payment Market Breakdown, By Deployment
11.3.5 Europe Digital Payment Market Breakdown, By Organization Size
11.3.6 Europe Digital Payment Market Breakdown, By Industry
11.3.7 Europe Digital Payment Market Breakdown, by Country
11.3.7.1 Germany Digital Payment Market, Revenue and Forecast to 2028
11.3.7.1.1 Germany Digital Payment Market Breakdown, By Component
11.3.7.1.2 Germany Digital Payment Market Breakdown, By Deployment
11.3.7.1.3 Germany Digital Payment Market Breakdown, By Organization Size
11.3.7.1.4 Germany Digital Payment Market Breakdown, By Industry
11.3.7.2 France Digital Payment Market, Revenue and Forecast to 2028
11.3.7.2.1 France Digital Payment Market Breakdown, By Component
11.3.7.2.2 France Digital Payment Market Breakdown, By Deployment
11.3.7.2.3 France Digital Payment Market Breakdown, By Organization Size
11.3.7.2.4 France Digital Payment Market Breakdown, By Industry
11.3.7.3 Italy Digital Payment Market, Revenue and Forecast to 2028
11.3.7.3.1 Italy Digital Payment Market Breakdown, By Component
11.3.7.3.2 Italy Digital Payment Market Breakdown, By Deployment
11.3.7.3.3 Italy Digital Payment Market Breakdown, By Organization Size
11.3.7.3.4 Italy Digital Payment Market Breakdown, By Industry
11.3.7.4 UK Digital Payment Market, Revenue and Forecast to 2028
11.3.7.4.1 UK Digital Payment Market Breakdown, By Component
11.3.7.4.2 UK Digital Payment Market Breakdown, By Deployment
11.3.7.4.3 UK Digital Payment Market Breakdown, By Organization Size
11.3.7.4.4 UK Digital Payment Market Breakdown, By Industry
11.3.7.5 Russia Digital Payment Market, Revenue and Forecast to 2028
11.3.7.5.1 Russia Digital Payment Market Breakdown, By Component
11.3.7.5.2 Russia Digital Payment Market Breakdown, By Deployment
11.3.7.5.3 Russia Digital Payment Market Breakdown, By Organization Size
11.3.7.5.4 Russia Digital Payment Market Breakdown, By Industry
11.3.7.6 Rest of Europe Digital Payment Market, Revenue and Forecast to 2028
11.3.7.6.1 Rest of Europe Digital Payment Market Breakdown, By Component
11.3.7.6.2 Rest of Europe Digital Payment Market Breakdown, By Deployment
11.3.7.6.3 Rest of Europe Digital Payment Market Breakdown, By Organization Size
11.3.7.6.4 Rest of Europe Digital Payment Market Breakdown, By Industry
11.4 APAC: Digital Payment Market
11.4.1 Overview
11.4.2 APAC Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.4.3 APAC Digital Payment Market Breakdown, By Component
11.4.4 APAC Digital Payment Market Breakdown, By Deployment
11.4.5 APAC Digital Payment Market Breakdown, By Organization Size
11.4.6 APAC Digital Payment Market Breakdown, By Industry
11.4.7 APAC Digital Payment Market Breakdown, by Country
11.4.7.1 Australia Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.1.1 Australia Digital Payment Market Breakdown, By Component
11.4.7.1.2 Australia Digital Payment Market Breakdown, By Deployment
11.4.7.1.3 Australia Digital Payment Market Breakdown, By Organization Size
11.4.7.1.4 Australia Digital Payment Market Breakdown, By Industry
11.4.7.2 China Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.2.1 China Digital Payment Market Breakdown, By Component
11.4.7.2.2 China Digital Payment Market Breakdown, By Deployment
11.4.7.2.3 China Digital Payment Market Breakdown, By Organization Size
11.4.7.2.4 China Digital Payment Market Breakdown, By Industry
11.4.7.3 India Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.3.1 India Digital Payment Market Breakdown, By Component
11.4.7.3.2 India Digital Payment Market Breakdown, By Deployment
11.4.7.3.3 India Digital Payment Market Breakdown, By Organization Size
11.4.7.3.4 India Digital Payment Market Breakdown, By Industry
11.4.7.4 Japan Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.4.1 Japan Digital Payment Market Breakdown, By Component
11.4.7.4.2 Japan Digital Payment Market Breakdown, By Deployment
11.4.7.4.3 Japan Digital Payment Market Breakdown, By Organization Size
11.4.7.4.4 Japan Digital Payment Market Breakdown, By Industry
11.4.7.5 South Korea Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.5.1 South Korea Digital Payment Market Breakdown, By Component
11.4.7.5.2 South Korea Digital Payment Market Breakdown, By Deployment
11.4.7.5.3 South Korea Digital Payment Market Breakdown, By Organization Size
11.4.7.5.4 South Korea Digital Payment Market Breakdown, By Industry
11.4.7.6 Rest of APAC Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.4.7.6.1 Rest of APAC Digital Payment Market Breakdown, By Component
11.4.7.6.2 Rest of APAC Digital Payment Market Breakdown, By Deployment
11.4.7.6.3 Rest of APAC Digital Payment Market Breakdown, By Organization Size
11.4.7.6.4 Rest of APAC Digital Payment Market Breakdown, By Industry
11.5 MEA: Digital Payment Market
11.5.1 Overview
11.5.2 MEA Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.5.3 MEA Digital Payment Market Breakdown, By Component
11.5.4 MEA Digital Payment Market Breakdown, By Deployment
11.5.5 MEA Digital Payment Market Breakdown, By Organization Size
11.5.6 MEA Digital Payment Market Breakdown, By Industry
11.5.7 MEA Digital Payment Market Breakdown, By Country
11.5.7.1 Saudi Arabia Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.1.1 Saudi Arabia Digital Payment Market Breakdown, By Component
11.5.7.1.2 Saudi Arabia Digital Payment Market Breakdown, By Deployment
11.5.7.1.3 Saudi Arabia Digital Payment Market Breakdown, By Organization Size
11.5.7.1.4 Saudi Arabia Digital Payment Market Breakdown, By Industry
11.5.7.2 UAE Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.2.1 UAE Digital Payment Market Breakdown, By Component
11.5.7.2.2 UAE Digital Payment Market Breakdown, By Deployment
11.5.7.2.3 UAE Digital Payment Market Breakdown, By Organization Size
11.5.7.2.4 UAE Digital Payment Market Breakdown, By Industry
11.5.7.3 South Africa Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.3.1 South Africa Digital Payment Market Breakdown, By Component
11.5.7.3.2 South Africa Digital Payment Market Breakdown, By Deployment
11.5.7.3.3 South Africa Digital Payment Market Breakdown, By Organization Size
11.5.7.3.4 South Africa Digital Payment Market Breakdown, By Industry
11.5.7.4 Rest of MEA Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.5.7.4.1 Rest of MEA Digital Payment Market Breakdown, By Component
11.5.7.4.2 Rest of MEA Digital Payment Market Breakdown, By Deployment
11.5.7.4.3 Rest of MEA Digital Payment Market Breakdown, By Organization Size
11.5.7.4.4 Rest of MEA Digital Payment Market Breakdown, By Industry
11.6 SAM: Digital Payment Market
11.6.1 Overview
11.6.2 SAM Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
11.6.3 SAM Digital Payment Market Breakdown, By Component
11.6.4 SAM Digital Payment Market Breakdown, By Deployment
11.6.5 SAM Digital Payment Market Breakdown, By Organization Size
11.6.6 SAM Digital Payment Market Breakdown, By Industry
11.6.7 SAM Digital Payment Market Breakdown, by Country
11.6.7.1 Brazil Digital Payment Market, Revenue and Forecast to 2028
11.6.7.1.1 Brazil Digital Payment Market Breakdown, By Component
11.6.7.1.2 Brazil Digital Payment Market Breakdown, By Deployment
11.6.7.1.3 Brazil Digital Payment Market Breakdown, By Organization Size
11.6.7.1.4 Brazil Digital Payment Market Breakdown, By Industry
11.6.7.2 Argentina Digital Payment Market, Revenue and Forecast to 2028
11.6.7.2.1 Argentina Digital Payment Market Breakdown, By Component
11.6.7.2.2 Argentina Digital Payment Market Breakdown, By Deployment
11.6.7.2.3 Argentina Digital Payment Market Breakdown, By Organization Size
11.6.7.2.4 Argentina Digital Payment Market Breakdown, By Industry
11.6.7.3 Rest of SAM Digital Payment Market, Revenue and Forecast to 2028
11.6.7.3.1 Rest of SAM Digital Payment Market Breakdown, By Component
11.6.7.3.2 Rest of SAM Digital Payment Market Breakdown, By Deployment
11.6.7.3.3 Rest of SAM Digital Payment Market Breakdown, By Organization Size
11.6.7.3.4 Rest of SAM Digital Payment Market Breakdown, By Industry
12. Impact of COVID-19 Pandemic on Digital Payment Market
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 APAC: Impact Assessment of COVID-19 Pandemic
12.5 MEA: Impact Assessment of COVID-19 Pandemic
12.6 SAM: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Merger and Acquisition
13.4 New Development
14. Company Profiles
14.1 ACI WORLDWIDE, INC
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Adyen
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Financial Software & Systems Pvt. Ltd.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Fiserv, Inc.
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Global Payments Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Novatti Group Ltd
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 PayPal Holdings, Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Paysafe Limited
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Block, Inc.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 PayU
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary
LIST OF TABLES
Table 1. Global Digital Payment Market, Revenue and Forecast, 2019–2028 (US$ Mn)
Table 2. North America Digital Payment Market, Revenue and Forecast To 2028 – By Component (US$ million)
Table 3. North America Digital Payment Market, Revenue and Forecast To 2028 – By Solution (US$ million)
Table 4. North America Digital Payment Market, Revenue and Forecast To 2028 – By Services (US$ million)
Table 5. North America Digital Payment Market, Revenue and Forecast To 2028 – By Deployment (US$ million) Deployment
Table 6. North America Digital Payment Market, Revenue and Forecast To 2028 – By Organization Size (US$ million)
Table 7. North America Digital Payment Market, Revenue and Forecast To 2028 – By Industry (US$ million) Industry
Table 8. North America Digital Payment Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 9. US Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 10. US Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 11. US Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 12. US Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 13. US Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 14. US Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 15. Canada Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 16. Canada Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 17. Canada Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 18. Canada Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 19. Canada Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 20. Canada Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 21. Mexico Digital Payment Market Breakdown, By Component
Table 22. Mexico Digital Payment Market Breakdown, By Solutions
Table 23. Mexico Digital Payment Market Breakdown, By Services
Table 24. Mexico Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 25. Mexico Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 26. Mexico Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 27. Europe Digital Payment Market, Revenue and Forecast To 2028 – By Component (US$ million)
Table 28. Europe Digital Payment Market, Revenue and Forecast To 2028 – By Solutions (US$ million)
Table 29. Europe Digital Payment Market, Revenue and Forecast To 2028 – By Services (US$ million)
Table 30. Europe Digital Payment Market, Revenue and Forecast To 2028 – By Deployment (US$ million)
Table 31. Europe Digital Payment Market, Revenue and Forecast To 2028 – By Organization Size (US$ million)
Table 32. Europe Digital Payment Market, Revenue and Forecast To 2028 – By Industry (US$ million)
Table 33. Europe Digital Payment Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 34. Germany Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 35. Germany Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 36. Germany Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 37. Germany Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 38. Germany Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 39. Germany Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 40. France Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 41. France Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 42. France Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 43. France Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 44. France Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 45. France Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 46. Italy Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 47. Italy Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 48. Italy Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 49. Italy Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 50. Italy Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 51. Italy Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 52. UK Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 53. UK Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 54. UK Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 55. UK Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 56. UK Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 57. UK Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 58. Russia Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 59. Russia Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 60. Russia Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 61. Russia Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 62. Russia Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 63. Russia Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 64. Rest of Europe Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 65. Rest of Europe Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 66. Rest of Europe Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 67. Rest of Europe Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 68. Rest of Europe Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 69. Rest of Europe Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 70. APAC Digital Payment Market, Revenue and Forecast To 2028 – By Component (US$ million)
Table 71. APAC Digital Payment Market, Revenue and Forecast To 2028 – By Solutions (US$ million)
Table 72. APAC Digital Payment Market, Revenue and Forecast To 2028 – By Services (US$ million)
Table 73. APAC Digital Payment Market, Revenue and Forecast To 2028 – By Deployment (US$ million)
Table 74. APAC Digital Payment Market, Revenue and Forecast To 2028 – By Organization Size (US$ million)
Table 75. APAC Digital Payment Market, Revenue and Forecast To 2028 – By Industry (US$ million)
Table 76. APAC Digital Payment Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 77. Australia Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 78. Australia Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 79. Australia Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 80. Australia Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 81. Australia Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 82. Australia Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 83. China Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 84. China Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 85. China Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 86. China Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 87. China Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 88. China Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 89. India Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 90. India Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 91. India Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 92. India Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 93. India Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 94. India Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 95. Japan Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 96. Japan Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 97. Japan Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 98. Japan Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 99. Japan Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 100. Japan Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 101. South Korea Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 102. South Korea Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 103. South Korea Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 104. South Korea Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 105. South Korea Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 106. South Korea Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 107. Rest of APAC Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 108. Rest of APAC Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 109. Rest of APAC Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 110. Rest of APAC Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 111. Rest of APAC Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 112. Rest of APAC Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 113. MEA Digital Payment Market, Revenue and Forecast To 2028 – By Component (US$ million)
Table 114. MEA Digital Payment Market, Revenue and Forecast To 2028 – By Solutions (US$ million)
Table 115. MEA Digital Payment Market, Revenue and Forecast To 2028 – By Services (US$ million)
Table 116. MEA Digital Payment Market, Revenue and Forecast To 2028 – By Deployment (US$ million)
Table 117. MEA Digital Payment Market, Revenue and Forecast To 2028 – By Organization Size (US$ million)
Table 118. MEA Digital Payment Market, Revenue and Forecast To 2028 – By Industry (US$ million)
Table 119. MEA Digital Payment Market, Revenue and Forecast to 2028 – By Country (US$ million)
Table 120. Saudi Arabia Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 121. Saudi Arabia Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 122. Saudi Arabia Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 123. Saudi Arabia Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 124. Saudi Arabia Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 125. Saudi Arabia Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 126. UAE Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 127. UAE Digital Payment Market, Revenue and Forecast to 2028 – By Solution (US$ million)
Table 128. UAE Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 129. UAE Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 130. UAE Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 131. UAE Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 132. South Africa Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 133. South Africa Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 134. South Africa Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 135. South Africa Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 136. South Africa Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 137. South Africa Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 138. Rest of MEA Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 139. Rest of MEA Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 140. Rest of MEA Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 141. Rest of MEA Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 142. Rest of MEA Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 143. Rest of MEA Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 144. SAM Digital Payment Market, Revenue and Forecast To 2028 – By Component (US$ million)
Table 145. SAM Digital Payment Market, Revenue and Forecast To 2028 – By Solutions (US$ million)
Table 146. SAM Digital Payment Market, Revenue and Forecast To 2028 – By Services (US$ million)
Table 147. SAM Digital Payment Market, Revenue and Forecast To 2028 – By Deployment (US$ million)
Table 148. SAM Digital Payment Market, Revenue and Forecast To 2028 – By Organization Size (US$ million)
Table 149. SAM Digital Payment Market, Revenue and Forecast To 2028 – By Industry (US$ million)
Table 150. SAM Digital Payment Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 151. Brazil Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 152. Brazil Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 153. Brazil Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 154. Brazil Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 155. Brazil Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 156. Brazil Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 157. Argentina Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 158. Argentina Digital Payment Market, Revenue and Forecast to 2028 – By Solutions (US$ million)
Table 159.
Table 160. Argentina Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 161. Argentina Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 162. Argentina Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 163. Argentina Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 164. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 165. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 – By Solution (US$ million)
Table 166. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 – By Services (US$ million)
Table 167. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 168. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 – By Organization Size (US$ million)
Table 169. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 – By Industry (US$ million)
Table 170. Glossary of Terms, Digital Payment Market
LIST OF FIGURES
Figure 1. Digital Payment Market Segmentation
Figure 2. Digital Payment Market Segmentation - Geography
Figure 3. Digital Payment Market Overview
Figure 4. Digital Payment Market, By Component
Figure 5. Digital Payment Market, By Deployment
Figure 6. Digital Payment Market, By Organization Size
Figure 7. Digital Payment Market, By Industry
Figure 8. Digital Payment Market, By Region
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. APAC: PEST Analysis
Figure 12. MEA: PEST Analysis
Figure 13. SAM: PEST Analysis
Figure 14. Digital Payment Market Ecosystem Analysis
Figure 15. Expert Opinion
Figure 16. Digital Payment Market Impact Analysis of Drivers and Restraints
Figure 17. Global Digital Payment Market
Figure 18. Global Digital Payment Market, Forecast and Analysis (US$ Mn)
Figure 19. Market Positioning- Top Five Players
Figure 20. Digital Payment Market Revenue Share, by Component Type (2020 and 2028)
Figure 21. Solutions: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Payment Gateway: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Payment Processing: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Payment Security and Fraud Management: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Point of Sale: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Payment Wallet: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Services: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Professional Services: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Managed Services: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Digital Payment Market Revenue Share, by Deployment (2020 and 2028)
Figure 31. On-Premise: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Cloud-Based: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Digital Payment Market Revenue Share, by Organization Size (2020 and 2028)
Figure 34. Small and Medium Enterprises: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Large Enterprises: Digital Payment Market– Revenue and Forecast to 2028 (US$ Million)
Figure 36. Digital Payment Market Revenue Share, by Industry (2020 and 2028)
Figure 37. BFSI: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Retail and Ecommerce: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Healthcare: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Travel and Hospitality: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Media and Entertainment: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. IT and Telecom: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Others: Digital Payment Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Global Digital Payment Market Breakdown, by Region, 2020 & 2028 (%)
Figure 45. North America Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 46. North America Digital Payment Market Breakdown, By Component, 2020 & 2028 (%)
Figure 47. North America Digital Payment Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 48. North America Digital Payment Market Breakdown, By Organization Size, 2020 & 2028 (%)
Figure 49. North America Digital Payment Market Breakdown, By Industry, 2020 & 2028 (%)
Figure 50. North America Digital Payment Market Breakdown, by Country, 2020 & 2028 (%)
Figure 51. US Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 52. Canada Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 53. Mexico Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 54. Europe Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 55. Europe Digital Payment Market Breakdown, By Component, 2020 & 2028 (%)
Figure 56. Europe Digital Payment Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 57. Europe Digital Payment Market Breakdown, By Organization Size, 2020 & 2028 (%)
Figure 58. Europe Digital Payment Market Breakdown, By Industry, 2020 & 2028 (%)
Figure 59. Europe Digital Payment Market Breakdown, by Country, 2018 & 2027(%)
Figure 60. Germany Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 61. France Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 62. Italy Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 63. UK Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 64. Russia Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 65. Rest of Europe Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 66. APAC Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 67. APAC Digital Payment Market Breakdown, By Component, 2020 & 2028 (%)
Figure 68. APAC Digital Payment Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 69. APAC Digital Payment Market Breakdown, By Organization Size, 2020 & 2028 (%)
Figure 70. APAC Digital Payment Market Breakdown, By Industry, 2020 & 2028 (%)
Figure 71. APAC Digital Payment Market Breakdown, by Country, 2020 & 2028 (%)
Figure 72. Australia Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 73. China Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 74. India Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 75. Japan Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 76. South Korea Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 77. Rest of APAC Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 78. MEA Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 79. MEA Digital Payment Market Breakdown, By Component, 2020 & 2028 (%)
Figure 80. MEA Digital Payment Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 81. MEA Digital Payment Market Breakdown, By Organization Size, 2020 & 2028 (%)
Figure 82. MEA Digital Payment Market Breakdown, By Industry, 2020 & 2028 (%)
Figure 83. MEA Digital Payment Market Breakdown, By Country, 2020 & 2028 (%)
Figure 84. Saudi Arabia Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 85. UAE Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 86. South Africa Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 87. Rest of MEA Digital Payment Market, Revenue and Forecast To 2028 (US$ million)
Figure 88. SAM Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 89. SAM Digital Payment Market Breakdown, By Component, 2020 & 2028 (%)
Figure 90. SAM Digital Payment Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 91. SAM Digital Payment Market Breakdown, By Organization Size, 2020 & 2028 (%)
Figure 92. SAM Digital Payment Market Breakdown, By Industry, 2020 & 2028 (%)
Figure 93. SAM Digital Payment Market Breakdown, by Country, 2020 & 2028 (%)
Figure 94. Brazil Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 95. Argentina Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 96. Rest of SAM Digital Payment Market, Revenue and Forecast to 2028 (US$ million)
Figure 97. Impact of COVID-19 Pandemic in North American Country Markets
Figure 98. Impact of COVID-19 Pandemic in European Country Markets
Figure 99. Impact of COVID-19 Pandemic in APAC Country Markets
Figure 100. Impact of COVID-19 Pandemic in MEA Country Markets
Figure 101. Impact of COVID-19 Pandemic in SAM Country Markets
The List of companies - Digital Payment Market
- ACI WORLDWIDE, INC
- ADYEN
- FINANCIAL SOFTWARE & SYSTEMS PVT. LTD.
- FISERV, INC.
- GLOBAL PAYMENTS INC.
- NOVATTI GROUP LTD
- PAYPAL HOLDINGS, INC.
- PAYSAFE LIMITED
- BLOCK, INC.
- PAYU
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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