Digital Payment Market Industry Revenue, Statistics, Forecast by Emergen Research

Rising Internet proliferation and growth of e-commerce are key factors driving global digital payment market growth

One of the most sought-after market reports regarding in-depth analysis of the global Digital Payment Market is the most recent report from Emergen Research, titled "Global Digital Payment Market - Forecast to year 2028". Finally, the report provides compelling insights into the growth of the global and regional Digital Payment Market. The authors of the report provided the necessary information. related to the latest Digital Payment Market trends along with important parameters that influence the growth of the market in both short term and long term. They are also intended to help companies in this industry make the right decisions and write profitable business plans. Some of the world's most famous venture capitalists are among the recipients of this very report. These individuals are provided with clear insight into the competitive landscape of the Global Digital Payment Market in the report. The coronavirus outbreak has dramatically changed the business landscape of Digital Payment, which means that various manufacturers and buyers won't have much growth opportunity over the next few years.

The global digital payment market size is expected to reach USD 215.88 Billion at a steady CAGR of 13.3% in 2028, according to latest analysis by Emergen Research. Factors driving steady market revenue growth include rising Internet proliferation and growth of e-commerce sector. According to the International Telecommunication Union (ITU), in 2019, over 4 Billion individuals (51% of the global population) had access to the Internet, an increase of 8.1% from the previous years. Rising Internet proliferation has been pivotal in spurring growth of e-commerce sales, which in turn, is driving demand for digital payment methods such as digital wallets as a means to a secure, convenient, and fast payment method for e-commerce customers. Digital wallet enables a pleasant and improved online shopping experience by eliminating complications in checkout processes, which are the primary reasons behind shoppers abandoning their shopping carts. Additionally, digital wallets are also beneficial in enhancing customer loyalty, thereby encouraging e-commerce service providers to integrate digital wallets in their digital payments options.

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One of the report’s central components is the broad Digital Payment market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Digital Payment market players.

Leading Players Profiled in the Report:

Mastercard Inc., Fiserv Inc., Visa Inc., JPMorgan Chase Co., PayPal Holdings Inc., Intuit Inc., Global Payments Inc., Stripe, PayU, and ACI Worldwide Inc

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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.

On the basis of type, the market is segmented into

  • Offering Outlook (Revenue, USD Billion; 2018–2028)

    • Solutions
      1. Payment Gateway Solutions
      2. Payment Wallet Solutions
      3. Payment Processing Solutions
      4. Payment Security Fraud Management Solutions
      5. Point of Sale Solutions
    • Services
      1. Professional Services
      2. Managed Services
  • Organization Size Outlook (Revenue, USD Billion; 2018–2028)

    • Large Enterprise
    • Small Medium-sized Enterprises
  • Mode of Deployment Outlook (Revenue, USD Billion; 2018–2028)

    • On-Premises
    • Cloud

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyses consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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