Global Digital Payment Market to be driven at a CAGR of 13% in the Forecast Period of 2021-2026

Posted By : paulflint097 on 2021-04-08   18:11:02
  Digital Payment Market | Global Digital Payment Industry Report Size Share Growth Price Analysis Trends Outlook and Forecast 2021-2026

Description

The new report by Expert Market Research titled, ‘Global Digital Payment Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global digital payment market, assessing the market based on its segments like solution, deployment, mode of payment, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/digital-payment-market/requestsample

The key highlights of the report include:

Market Overview (2021-2026)

  • Historical Market Size (2020): USD 4.9 Trillion
  • Forecast CAGR (2021-2026): 13%
  • Forecast Market Size (2026): USD 10.4 Trillion

The global digital payment market is driven by the initiatives of government to introduce digitisation in the economies in developing countries such as India, China, Singapore, and Australia. In order to improve transparency, boost productivity, and provide easy transaction facilities the growing investment of government and private players will drive the growth in the forecast period. Additionally, the growing utilisation of smart phones and rapid development in network & communication sector to provide faster internet will aid the growth. Further, amidst Covid-19 pandemic the digital market saw a rapid growth owing to the need for contactless services.

Industry Definition and Major Segments

Digital payments are online or digital transactions which do not involve exchange of physical cash. It requires electronic medium for exchange of money in between payer and payee. They require internet and a device with a mediating electronic platform.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/digital-payment-market

The market is divided on the basis of solution into:

  • Payment Gateway
  • Payment Security and Fraud Management
  • Payment Processing
  • Transaction Risk Management
  • Others

The market is bifurcated on the basis of deployment into:

In terms of mode of payment, the market is segmented into:

  • Digital Wallets
  • Bank Cards
    • Debit card
    • Credit card
    • Pre-paid card
  • Net Banking
  • Digital Currencies
  • Others

The market is segmented on the basis of end use into:

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

Regionally, North America and Europe are the largest shareholder in the global digital payment market owing to the early adoption of the technology. Moreover, advance smartphone technology and internet in the region aids to the growth of the market. Meanwhile, Asia Pacific is expected to witness fastest growth in the forecast period. This can be attributed to the growing smartphone penetration in the Asia Pacific region and growing usage of digital wallets due to its convenience. Additionally, heavy investment by governments in developing countries such as China and India, for development of digital platforms, favourable legislations and presence of domestic players will aid the growth. Further the preference of contactless transaction amidst covid-19 pandemic will propel the growth.

Key Market Players

The major players in the market are Square, Inc., Fiserv, Inc., PayPal Holdings, Inc., Visa Inc., MasterCard Incorporated, Apple Inc., One97 Communications Limited, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Global Insurance Fraud Detection Market: https://www.expertmarketresearch.com/reports/insurance-fraud-detection-market

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Expert Market Research
Contact Person: Steven Luke, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.




About Author

paulflint097 Sheridan United States
Hi Guys My name is Paul Flint and I am a Business Consultant & Market Intelligence in the company named Expert Market Research. I have 7 years of work experience. You can contact me at my personal number for any query at +1-415-325-5166 Visit my website: https://www.expertmarketresearch.com/reports/iot-in-healthcare-market

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