Digital Payment Market Growth or Demand Increase or Decrease for what contains ?

Digital Payment Market CAGR Estimation:

The size of the digital payment market was estimated to be USD 92.67 billion in 2023. From 2024 to 2030, the total income from digital payments is predicted to expand at a compound annual growth rate (CAGR) of 14.89%, to reach approximately USD 244.86 billion.

Digital Payment Market Segmentation:

by Component

Solution
Service

by Deployment

Cloud
On-premise

In 2023, the on-premise segment 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 apps and systems, which is easily managed by their IT staff. Additionally, businesses use in-house digital payment solutions to safeguard their apps and systems against malicious attacks. For instance, in November 2019, Microsoft and ACI Global announced their alliance. The partnership provided lower long-term capital expenditure and increased security for ACI Worldwide's on-premises customers.

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 over the projection period. Banks are also improving their ability to compete with companies like Google, Amazon, and Facebook that offer digital payment solutions. To make things simpler for its customers, Bank of America, for instance, introduced a digital debit card in June 2019.

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Digital Payment Market Growth or Demand in which regions?

The competitive landscape of theDigital Payment  Market market encompasses aspects like technology adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive report delves into the drivers, limitations, opportunities, and challenges inherent in theDigital Payment  Market market. The report employed a bottom-up approach to ascertainDigital Payment  Market market estimations and growth rates.To gain insights intoDigital Payment  Market market penetration, pricing dynamics, demand analysis, and competitive panorama, the report executed regional analysis at local, regional, and global levels. Essential details about theDigital Payment  Market market, including stakeholders, investors, and new entrants, are presented to facilitate the development of marketing strategies and investment plans.Both primary and secondary data gathering techniques were employed for theDigital Payment  Market r . Primary approaches involved surveys, questionnaires, and interviews with industry leaders and business proprietors, while secondary data encompassed sources like press releases, annual and financial reports, white papers, etc. SWOT analysis was leveraged to pinpoint market vulnerabilities and weaknesses, while the PORTER framework was applied to gauge industry competitiveness within theDigital Payment  Market .

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Digital Payment Market Key Players:

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

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Key questions answered in the Digital Payment Market are:

• What is Digital Payment Market ?
• What is the growth rate of the Digital Payment Market ?
• Which are the factors expected to drive the Digital Payment Market market growth?
• What are the different segments of the Digital Payment  Market ?
• What are the factors restraining the growth of the Digital Payment Market ?
• What is the demand pattern of the Digital Payment Market ?
• What major challenges could the Digital Payment  Market face in the future?

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Key Offerings:

• Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment 
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective

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