The European payments market is expected to grow at a CAGR of 15.83% over the forecast period (2022 - 2027). Mobile Payment Market Size: The Mobile Payment Market is estimated to grow from USD 827.6 Billion in 2019 to reach USD 8,724.2 Billion by 2027, at a CAGR of 34.2% during the forecast period from 2020-2027. Industry Trends. Payments industry trends In-store payment methods In-store sales will remain the largest retail channel by both share and dollars as shopping habits normalize. Request For Sample The global credit card payment market reached a value of US$ 477.63 billion in 2021. The stores and services worldwide are rapidly adopting mobile payment applications, such as PayPal, Samsung Pay, Apple Pay, AliPay, and WeChat Pay, to accept and transfer payments. Business-to-business (B2B) payment involves the transaction of value denominated in currency from buyer to supplier for good or services supplied in the market. The global digital payment market size was valued at USD 68.61 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.5% from 2022 to 2030. SAN FRANCISCO, Feb. 17, 2021 /PRNewswire/ -- The global digital payment market size is expected to reach USD 236.10 billion by 2028, according to a new report by Grand View Research, Inc. . The global digital payment market size accounted for USD 89.5 billion in 2021 and is expected to hit around USD 374.9 billion by 2030, growing at a CAGR of 17.25%. Table 1: Global: Mobile Payment Market: Key Industry Highlights, 2021 and 2027 Table 2: Global: Mobile Payment Market Forecast: Breakup by Mode of Transaction (in Million US$), 2022-2027 Table 3: Global: Mobile Payment Market Forecast: Breakup by Application (in Million US$), 2022-2027 . Get detailed insights regarding the impact of COVID-19 on the market. 1.5 Global Market Size of Payment Gateway Software (2017-2029) . The quantitative analysis of the market size from 2019 to 2026 is provided to determine the global digital payment market potential. . In Hongkong real-time payments share was recorded at 7.3% in 2021, which is estimated to triple (22.8% by 2026). The global mobile payment market size was valued at $1.48 trillion in 2019, and is projected to reach $12.06 trillion by 2027, growing at a CAGR of 30.1% from 2020 to 2027. The global digital payment market size was USD 79.22 Billion in 2020 and is expected to reach USD 215.88 Billion in 2028 and register a CAGR of 13.3%. These payment methods are becoming increasingly popular . The global contactless payment market size was valued at USD 1.34 trillion in 2020. The global mobile payment market size reached US$ 1,786 Billion in 2021. The market growth can be attributed to factors such as the rising m-commerce industry and the surge in the penetration of smartphones across the globe. Digital wallets are reshaping the European payments market. The strongly predicted real-time uptake will result in consumer and business benefits reaching USD 260 million in 2026. Payment Processing Solutions Market size exceeded . Payment as a service Market Size, Share & Industry Analysis, By Component (Platform, Services), By Service (Professional service, Managed service), By End User (Media and Entertainment, Healthcare, Energy and Utilities) And Regional Forecast 2022-2029 . E-Payment Market 2022 Global Industry research report presents you analysis of market size, share, and growth, trends, and cost structure, statistical and comprehensive data of the global market. Global B2B Payments Market is valued at 903.50 USD Billion in 2021 and is projected to reach a value of 1,618.15 USD Billion by 2028 at a CAGR of 10.20% over the forecast period. In September 2019 - Global payment Inc merged with TSYS to . The market growth can be attributed to high penetration of smartphones and adoption of mobile payment applications. The global online payment market size was valued at USD 3,286.52 billion in 2019 and is projected to reach USD 17,643.35 billion by 2027, exhibiting a CAGR of 23.7% during the forecast period. Technological advances in digital payment industry in North America is expected to create lucrative growth opportunities for the market. Digital payment industry report classifies global market by share, trend, and on the basis of offering, organization size, mode of deployment, industry vertical, and region P2P Payment Market: P2P Payment Market Size 2021: USD 1,872 Million: P2P Payment Market Forecast 2030: USD 9,135 Million: P2P Payment Market CAGR During 2022 - 2030: 19.7% P2P Payment Market . Keeping in mind the uncertainties of COVID-19,we are continuously tracking and evaluating the direct as well as the indirect . The market growth is attributed to exponentially increase in use of card and digital payments, since the start of COVID-19 pandemic. DIGITAL PAYMENT MARKET KEY SEGMENTS By Component Solution Services By Deployment Mode The Global P2P Payment Market Size accounted for USD 1,872 Billion in 2021 and is estimated to achieve a market size of USD 9,135 Billion by 2030 growing at a CAGR of 19.7% from 2022 to 2030. Card payments dominate in-store retail. Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the global digital payment industry. The global industry shipments are projected to reach 15 billion units by 2026. A contactless payment card with . Industry Trends Contactless Payment Market size exceeded USD 40 billion in 2019 and is estimated to grow at over 15% CAGR from 2020 to 2026. As consumers are shifting their preferences toward digital payment technologies . The global payment as a service market size was valued at USD 6.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 16.9% from 2020 to 2027. The transaction value of European digital and mobile payments has increased by more than 30% in the last three years. According to IMARC Group latest report titled "United States Mobile Payment Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", offers a comprehensive analysis of the industry, which comprises insights on United States Mobile Payment market.The report also includes competitor and regional analysis, and contemporary advancements in the market. The PC Terminal Payment Processing Software market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue (USD millions), considering 2021 as the base . The global payments market is expected to grow from $466.29 billion in 2020 to $517.68 billion in 2021 at a compound annual growth rate (CAGR) of 11%. The worldwide increase in customer preference for real-time payments is one of the major factors driving the market growth. Smart Home Payment Market Report by Global Size 2022 by Research Objectives, Investment Scenario, Impact of COVID 19 on the Industry, Key Trends by Regions, Share and Revenue Forecast by 2028 London, UK -- ( SBWIRE ) -- 09/06/2022 -- Smart Home Payment Market Growth, Status and Outlook 2022-2028. The market is expected to reach $735.39. The global mobile payment market size was USD 1.54 trillion in 2020. Digital Payment Market Press Release: Global Digital Payment Market to Grow at 17.8% During 2022-2027, Propelled by Rising Penetration of Smartphones COVID-19 The pandemic continues to cause unprecedented disruption across industries worldwide. It is one of the most major challenges that the payment industry has to face in the current scenario. The growth can be attributed to the increasing adoption of digital payment platforms across the globe. From 2022 on, in-store's share of retail sales will once again contract as customers gravitate toward ecommerce. 5.4 Payment Gateway Software Industry Development Trends under COVID-19 Outbreak. The global credit card payments market revenue was valued at $138.43 billion in 2020, and is projected to reach $263.47 billion by 2028, growing at a CAGR of 8.5% from 2021 to 2028. The Global Dual Interface Payment Card Market size is expected to reach $17.9 billion by 2028, rising at a market growth of 16.8% CAGR during the forecast period. This platform offers feature to split . TABLE 278 DIGITAL PAYMENT MARKET SIZE IN TRANSPORTATION AND LOGISTICS, BY REGION, 2021 . Payment as a Service (PaaS) uses the SaaS model to streamline the payment for the customer. Cyberattacks are a major roadblock in the adoption of digital payment solutions. Nowadays, customers are focusing on making seamless payments for . Looking forward, IMARC Group expects the market to reach US$ 6,007 Billion by 2027, exhibiting at a growth rate ( CAGR) of 22.13% during 2022-2027. The global impact of COVID-19 has been unprecedented and staggering, with mobile payment witnessing a positive impact on demand across all . Growing demand from consumers and merchants to reduce transaction & billing time is likely to propel the industry growth. The growth in demand for simple and trouble-free transactions of goods and services contributes to growing consumer preference towards . Smart Home Payment Market Report by Global Size 2022 by Research Objectives, Investment Scenario, Impact of COVID 19 on the Industry, Key Trends by Regions, Share and Revenue Forecast by 2028 London, UK -- ( SBWIRE ) -- 09/06/2022 -- Smart Home Payment Market Growth, Status and Outlook 2022-2028. The market is projected to grow from USD 1.97 trillion in 2021 to USD 11.83 trillion in 2028 at a CAGR of 29.1% in the 2021-2028 period. Payment Gateway Market size exceeded USD 20 billion in 2020 and is estimated to grow at over 15% CAGR between 2021 and 2027. SAN FRANCISCO, Feb. 1, 2022 /PRNewswire/ -- The global digital payment market size is expected to reach USD 361.30 billion by 2030, expanding at a CAGR of 20.5% over the forecast period, according. P2P Payment Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030 . Key Industry Developments. The global B2B payments market size was valued at $870.42 billion in 2020, and is projected to reach $1.91 trillion by 2028, growing at a CAGR of 10.6% from 2021 to 2028. The payment processing solutions market size exceeded USD 80 billion in 2021 and is poised to expand at over 10% CAGR between 2022 and 2028. UPTO 35% OFF INSTANT ACCESS Download Free Sample Now The COVID-19 pandemic has negatively impacted the credit card payments market, owing to limited consumer spending caused by rise in pay cuts and job losses across . The "Global Dual Interface Payment Card Market Size, Share & Industry Trends Analysis Report By Type (Plastic and Metal), By End Use (Retail, Transportation, Healthcare, Hospitality, and Others . 5.4.1 Global COVID-19 Status Overview. The mobile payments market is expected to grow at a CAGR of 29.5% over the forecast period (2022 - 2027). It is. The major factor responsible for the growth of the global B2B Payments market is the rapid expansion of trades across the globe due to an increased import and export . The global mobile payment market size was valued at USD 40.59 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 35.3% from 2022 to 2030. The increasing digitalization is boosting the payment market. Increasing demand for instant mobile-based payments and the rising use of mobile banking channels is likely to drive the industry growth. It is expected to expand at a compound annual growth rate (CAGR) of 20.3% from 2021 to 2028. . During COVID-19 outbreak, the retail segment accounted for the highest market share in mobile payment market, due to high demand of contactless payments in retail shops such . The cyberattack landscape affects market growth in the payment industry. Looking forward, the market is projected to reach a value of US$ 762.16 billion by 2027, exhibiting a CAGR of 7.80% during 2022-2027. The global payment processing solutions market size was valued at USD 33.45 billion in 2019 is expected to grow at a compound annual growth rate (CAGR) of 14.5% from 2020 to 2027. +1 617-765-2493 Digital Payments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027) The Digital Payments Market is Segmented by Mode of Payment (Point of Sale and Online Sale), End-user Industry (Retail, Entertainment, Healthcare, Hospitality), and Geography.
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