Digital Payment Market Trends: Innovations in Contactless Payments and Blockchain Technology


Posted January 10, 2024 by mayurikathade

The Digital Payment Market size was valued at USD 92.67 Billion in 2023 and the total Digital Payment revenue is expected to grow at a CAGR of 14.89% from 2024 to 2030, reaching nearly USD 244.86 Billion by 2030.
 
In-depth Digital Payment Market Research Analysis :

Maximize Market Research has conducted an exhaustive study of the”Digital Payment Market”, compiling extensive insights into market trends, value, market share, and other critical data. Our research aims to equip users with comprehensive tools to analyze the Digital Payment market intelligently, enabling well-informed decision-making. The report encompasses historical data and trends crucial for newcomers to this market. Moreover, it offers strategic recommendations facilitating global expansion within the Digital Payment market.

Delving into the competitive landscape through diverse analyses, the report aids in effective strategic planning. Furthermore, it outlines expansion plans for the Digital Payment market while identifying key players in the global market scenario.

The Estimated Digital Payment Market Growth Projection:

The Digital Payment Market size was valued at USD 92.67 Billion in 2023 and the total Digital Payment revenue is expected to grow at a CAGR of 14.89% from 2024 to 2030, reaching nearly USD 244.86 Billion by 2030.

Go Over The Research Report's Summary To Learn More About The Market Analysis :

Digital Payment Market Assessment's Scope and Methods

Our report provides a thorough examination of the Digital Payment market, offering in-depth analyses of regional variations, segments, and the competitive landscape. To comprehensively assess the global factors influencing the Digital Payment Market, our report outlines drivers, challenges, restraints, and prevailing opportunities. Current market trends are explored alongside insights into future trends, empowering investors to identify and capitalize on opportunities within the Digital Payment Market. This analysis helps new entrants grasp growth prospects and anticipate the market's future business outlook. Additionally, the report highlights government schemes and policies making the Digital Payment Market an enticing option with substantial growth potential.

Employing a bottom-up approach, the report estimates the Digital Payment market size, commencing from specific data points and aggregating them to derive an overall market estimate. This methodology proves invaluable in scenarios of limited data or highly fragmented markets. Overall, the report's methodology is robust and comprehensive, yielding insightful glimpses into the Digital Payment market.

Digital Payment Market Splitting : The Art of Revelation :

by Component

Solution
Service

by Deployment

Cloud
On-premise

In 2023, the on-premise category held a dominant market share of around 65.0% of worldwide revenue, based on deployment. Businesses that use on-premises digital payment solutions have total control over their applications and systems, which is easily managed by their IT staff. Additionally, businesses use in-house digital payment solutions to safeguard their applications and systems from malicious attacks. For instance, in November 2019, Microsoft and ACI Global announced their alliance. The partnership provided cheaper long-term capital expenditure and increased security for ACI Worldwide's on-premises clients.

by Vertical

BFSI
Media & Entertainment
IT & Telecommunication
Hospitality
Healthcare

End-user revenue-wise, the BFSI sector led the market in 2023, accounting for over 23% of worldwide revenue. Remittance expansion to low- and middle-income countries is expected to be one of the main drivers of new market development opportunities throughout the projection period. Banks are also improving their ability to compete with companies like Google, Amazon, and Facebook that provide digital payment solutions. To make things simpler for its customers, Bank of America, for instance, introduced a digital debit card in June 2019.

Digital Payment Market Localized Perceptions

Our Digital Payment Market Report provides a comprehensive insight into trends, dynamics, and critical issues within the Digital Payment market. It encompasses major developments influencing the industry, providing valuable information for understanding the market landscape. The report aids in identifying crucial details while evaluating the competitive landscape of prominent firms, understanding Digital Payment market dynamics, and other factors shaping current marketing strategies. Covered regions include Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America, offering a comprehensive regional analysis.

Grab your free sample copy of this report now: https://www.maximizemarketresearch.com/request-sample/16835

Important Digital Payment Market Companies :

North America: 1. Total System Services, Inc. 2. PayPal Holdings Inc 3. ACI Worldwide Inc 4. Dwolla 5. FattMerchant 6. FIS and Fiserv 7. Intuit 8. JPMorgan Chase 9. Square 10. Stripe 11. Visa and Mastercard Europe: 1. Wirecard AG. 2. Novetti Group Limited 3. Adyen N.V. 4. Aurus 5. Worldline 6. Checkout Asia Pacific: 1. Lianta Payments 2. Alipay 3. PayU Global: 1. Apple Pay 2. Paysafe 3. PayTrace 4. Spreedly 5. WEX

Chapter Heading : Digital Payment Sector

Part 01: Executive Summary

Part 02: Scope of the Digital Payment Market Report

Part 03: Digital Payment Market Landscape

Part 04: Digital Payment Market Sizing

Part 05: Digital Payment Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Crucial Products:

Historical Market Size and Competitive Landscape
Past Pricing and regional price curves
Market Size, Share, and Forecast across different segments
Market Dynamics encompassing Growth Drivers, Restraints, Opportunities, and Key Trends across regions
Detailed Market Segmentation analysis by segment and sub-segment along with regional breakdown
Comprehensive Competitive Landscape profiling key players strategically across regions
Competitive landscape assessment - Market Leaders, Followers, Regional players
Comparative benchmarking of key players by region
PESTLE Analysis
PORTER’s Analysis
Value chain and supply chain analysis
Legal Aspects of business categorized by region
SWOT analysis unveiling lucrative business prospects
Recommendations for informed decision-making
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Issued By mayurikathade
Country India
Categories Advertising
Tags digital payment market digital payment market digital payment diodes industry digital payment market size digital payment market share digital payment
Last Updated January 10, 2024