Date – 15/03/2022
The “Digital Payment Market” record has been introduced to ResearchAndMarkets.Com’s offering.
The international Digital Payment market length is projected to grow from USD 68090 million in 2020 to USD 236100 million by means of 2027, at a CAGR of 19.4%.
The digital bills market is predicted to boom notably of global measures to sell digital payments, the proliferation of smartphones permitting commerce growth, an increase in e-trade sales, and an increase in net penetration.
Furthermore, the global deployment of cell wallets, wherein a purchaser is induced to feature cash to the software and spend it later within or out of doors of the service provider (if relevant), is hastening the adoption of digital fee offerings.
Coronavirus Impact at the Digital Payment Market
The COVID-19 pandemic widespreadly affects activities in a few basic areas, comprising of assembling, strategies, neighborliness, transportation, medical care, and retail, as well as a moderate effect on IT and telecom, energy and utilities, government, schooling, and BFSI.
The pandemic has rushed the utilization of contactless and cell pockets bills. Because of the lockout and abhorrence for the trade of unfamiliar cash, eWallets are acquiring notoriety for Peer to Peer (P2P) moves, receipt installments, and Customer to Business (C2B) installments for key contributions.
Regional Analysis
Asia Pacific is predicted to have the largest sales proportion. Digital bills are nonetheless a tremendously new phenomenon. However, thanks to a good legislative environment, infrastructure improvements, excessive cellphone penetration, and sponsored records plans, it’s miles growing at a speedy pace. The development of inexpensive telephones with the aid of Chinese companies that offer flagship-grade capabilities and talents is the cause for improved cellphone adoption. The target marketplace for these brands is also rural India, where human beings are trying to replace their characteristic phones.
Market Segmentation Analysis
Key Players
Key Topics Covered:
1. Executive Summary
1.1. Market Taxonomy
2. Worldwide Digital Payment Market Demand (in Value or Size in US$ Mn) Analysis and Forecast
3. Market Background
3.1. Figure Factor
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Patterns
4. Global Digital Payment Market Snapshot
5. Global Digital Payment Market Analysis, By Solution
5.1. Y-o-Y Growth Comparison, By Solution
5.2. Global Digital Payment Market Share Analysis, By Solution
5.3. Global Digital Payment Market Size and Forecast, By Solution
5.3.1 Transaction Risk Management
5.3.2 Payment Security & Fraud Management
5.3.3 Payment Processing
5.3.4 Payment Gateway
5.3.5 Application Program Interface
5.3.6 Others
6. Worldwide Digital Payment Market Analysis, By Mode of Payment
6.1. Y-o-Y Growth Comparison, By Mode of Payment
6.2. Worldwide Digital Payment Market Share Analysis, By Mode of Payment
6.3. Worldwide Digital Payment Market Size and Forecast, By Mode of Payment
6.3.1 Point of pay
6.3.2 Net Banking
6.3.3 Digital Wallets
6.3.4 Digital Currencies
6.3.5 Bank Cards
7. Worldwide Digital Payment Market Analysis, By Deployment Type
7.1. Y-o-Y Growth Comparison, By Deployment Type
7.2. Worldwide Digital Payment Market Share Analysis, By Deployment Type
7.3. Worldwide Digital Payment Market Size and Forecast, By Deployment Type
7.3.1 Cloud
7.3.2 On-Premise
8. Worldwide Digital Payment Market Analysis, By Enterprise Size
8.1. Y-o-Y Growth Comparison, By Enterprise Size
8.2. Worldwide Digital Payment Market Share Analysis, By Enterprise Size
8.3. Worldwide Digital Payment Market Size and Forecast, By Enterprise Size
8.3.1 Large Enterprises
8.3.2 Small and Medium Enterprises
9. Worldwide Digital Payment Market Analysis, By End Use
9.1. Y-o-Y Growth Comparison, By End Use
9.2. Worldwide Digital Payment Market Share Analysis, By End Use
9.3. Worldwide Digital Payment Market Size and Forecast, By End Use
9.3.1 BFSI 9.3.2 Retail and E-exchange
9.3.3 Media and Entertainment
9.3.4 IT and Telecommunication
9.3.5 Healthcare
10. Worldwide Digital Payment Market Analysis, By Region
10.1. Y-o-Y Growth Comparison, By Region
10.2. Worldwide Digital Payment Market Share Analysis, By Region
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