Global Digital Payment Market 2022 Financial Insights, Industry Share Report, 97 Pages Report with Detailed Analysis and Forecast 2027

Posted on Jan 25 2022 8:52 AM

"Global Digital Payment Market (2022-2027) to Enjoy Explosive Growth by Developments in both Historic and Present Contexts, Compiled by Industry Experts, Methodology, Key Market Growth Analysis and Contains Share Leaders, Opportunities Assessment, Data Information Analysis, marketing strategies, Competition by Manufacturer. "

The Digital Payment Market study provides a comprehensive picture of the industrial landscape, including driving factors, Upstream Markets, and the overall market situation. The research was based on a balanced mix of primary and secondary data, as well as input from key industry players. This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market.  

Digital payment is the process by which a payer and payee use electronic modes to send and receive money. It is cash-free mode of transaction. Payment is taken via digital wallets, digital currencies, net banking, bank cards, and contact and contactless payment in points of sale. Convenience, accessibility, lower risk, saves time, user-friendliness, and the traceability are some of the advantages that digital payment methods. There are some concerns about limitations on payment and the amount limit for each payment, along with the risk of a hacked and constant requirement of active internet access.

Digital payment can help increase productivity and economic growth, improve the transparency, increase tax revenues, extend the financial inclusion, and open new economic opportunities for the end users. For the same, governments across the world are implementing ICT technology in order to encourage digital economies. They undertake various initiatives to digitize the payment process. Hence, Digital payment has become one of the primary growth requirements for a country's economy. For example, the Government of India that has initiated various initiatives such as Digital India, the launch of Unified Payments Interface (UPI), and the 14444-helpline number to help stimulate digital payments.

However, a lack of standards for cross-border payments is a challenge for the global digital payment market during the forecast period. Based on type, the market has been classified as cloud and on-premise. In a cloud-based digital payment, there are limited chances of a single point of failure (SPOF) as all devices, components, and network paths are duplicated and reserved. Hence, to make cloud-based digital payments more secure, digital issuance systems are used; these systems are capable of saving all the credentials securely on the cloud, issuing them to mobile applications already installed on the device.

Enterprises prefer the on-premise deployment of digital payment solutions to gain complete control over their infrastructure and assets as well as enhance their internet safety measures. These solutions help merchants in managing every payment device across every application from a centralized, secure under management platform.

The Global Digital Payment Market is expected to register a 16.77% CAGR, exhibiting significant growth during the forecast period. The market was valued at USD 40,633.3 million in the year 2021; it is expected to reach USD 120,245.9 million by 2027. North America accounted for the largest market value of USD 13,864.1 million in 2021; the market is expected to register a CAGR of 17.50% during the forecast period.

The current market dossier provides market growth potential, opportunities, drivers, industry-specific challenges and risks market share along with the growth rate of the global Digital Payment market. The report also covers monetary and exchange fluctuations, import-export trade, and global market status in a smooth-tongued pattern. The SWOT analysis, compiled by industry experts, Industry Concentration Ratio and the latest developments for the global Digital Payment market share are covered in a statistical way in the form of tables and figures including graphs and charts for easy understanding.  

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The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts. The research report studies the Digital Payment market using different methodologies and analyses to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.

The Major Players in the Digital Payment Market include:

  • ACI Worldwide, Inc. (US)
  • Stripe (US)
  • Novatti Group Limited (Australia)
  • Adyen NV (Netherland)
  • Wirecard AG (Germany)
  • YapStone, Inc. (US)
  • Worldpay, Inc. (US)
  • PayPal Holdings, Inc. (US)
  • Aurus Inc. (US)
  • Fiserv, Inc. (US)
  • BlueSnap Inc. (US)
  • Global Payments Direct, Inc. (US)
  • PayU (Netherland)
  • Aliant Payment Systems Inc. (US)
  • First Data Corporation (US)

The research covers a wide range of market subjects that market participants must be aware of in order to stay competitive. This also helps new businesses perform a favourable examination of their company plan.

The report identifies various key manufacturers in the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2021 to 2027.

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The Digital Payment Market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2016-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Digital Payment business, the date to enter into the Digital Payment market, Digital Payment product introduction, recent developments, etc.

By Region:

  • Asia-Pacific
  • Europe
  • North America
  • Middle East and Africa (MEA)
  • Latin America

Research Objective:

  • To analyze and forecast the market size of the global Digital Payment market.
  • To classify and forecast the global Digital Payment market based on application.
  • To identify drivers and challenges for the global Digital Payment market.
  • To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global Digital Payment market.
  • To conduct pricing analysis for the global Digital Payment market.
  • To identify and analyze the profile of leading players operating in the global Digital Payment market.

Some of the key questions answered in this report:

  • What is the global (North America, Europe, Asia-Pacific, South America, Middle East & Africa) sales value, production value, consumption value, import and export of Acetonitrile? 
  • Who are the global key manufacturers of the Digital Payment Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
  • Which are the Top Leading Countries related to Digital Payment Market?
  • What is the Growth Trends about Digital Payment Market?
  • What is the Digital Payment Market Analysis?
  • What are the Digital Payment market opportunities and threats faced by the vendors in the global Digital Payment Industry?
  • Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
  • What focused approach and constraints are holding the Digital Payment market?
  • What are the different sales, marketing, and distribution channels in the global industry?
  • What are the upstream raw materials and manufacturing equipment of Digital Payment along with the manufacturing process of Acetonitrile?
  • What are the key market trends impacting the growth of the Digital Payment market?
  • Economic impact on the Digital Payment industry and development trend of the Digital Payment industry.
  • What are the market opportunities, market risk, and market overview of the Digital Payment market?
  • What are the key drivers, restraints, opportunities, and challenges of the Digital Payment market, and how they are expected to impact the market?
  • What is the Digital Payment market size at the regional and country-level?
  • How do you find your target audience?

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With tables and figures helping analyse worldwide Global Digital Payment market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

Some Points from TOC:

1 EXECUTIVE SUMMARY 14

1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL DIGITAL PAYMENT MARKET, BY PRODUCT TYPE 16

1.1.2 GLOBAL DIGITAL PAYMENT MARKET, BY CROP TYPE 17

1.1.3 GLOBAL DIGITAL PAYMENT MARKET, BY INSECT TYPE 18

1.1.4 GLOBAL DIGITAL PAYMENT MARKET, BY REGION 19

2 MARKET INTRODUCTION 20

2.1 SCOPE OF THE STUDY 20

2.2 RESEARCH OBJECTIVE 20

2.3 MARKET STRUCTURE 21

2.4 KEY BUYING CRITERIA 21

3 RESEARCH METHODOLOGY 22

3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 25

3.5 FORECAST MODEL 26

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 27

4 MARKET INSIGHTS 28

5 MARKET DYNAMICS 30

5.1 INTRODUCTION 30

5.2 DRIVERS 31

5.2.1 GROWTH IN COMMERCIAL AGRICULTURE 31

5.2.2 RISING AWARENESS REGARDING DIGITAL PAYMENT TECHNOLOGIES 31

5.2.3 DRIVERS IMPACT ANALYSIS 31

5.3 RESTRAINT 32

5.3.1 LACK OF PRODUCT KNOWLEDGE 32

5.3.2 RESTRAINT IMPACT ANALYSIS 32

5.4 OPPORTUNITIES 32

5.4.1 TECHNOLOGICAL ADVANCEMENTS IN SEVERAL TYPES OF IPM 32

5.5 CHALLENGE 33

5.5.1 COUNTERFEIT PRODUCTS IN DEVELOPING COUNTRIES 33

6 MARKET FACTOR ANALYSIS 34

Continued...

7 GLOBAL DIGITAL PAYMENT MARKET, BY PRODUCT TYPE 39

7.1 OVERVIEW 39

7.1.1 GLOBAL DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028 40

7.2.1 DIGITAL PAYMENT: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 40

7.3 MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 41

7.4 OTHERS 41

7.4.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 42

8 GLOBAL DIGITAL PAYMENT MARKET, BY CROP TYPE 43

8.1 OVERVIEW 43

8.1.1 GLOBAL DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY CROP TYPE, 2019–2028 44

8.2 FOOD CROPS 44

8.2.1 FOOD CROPS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 44

8.3 CASH CROPS 45

8.3.1 CASH CROPS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 45

8.4 PLANTATION CROPS 45

8.4.1 PLANTATION CROPS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 46

8.5 HORTICULTURE CROPS 46

8.5.1 HORTICULTURE CROPS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 46

9 GLOBAL DIGITAL PAYMENT MARKET, BY INSECT TYPE 47

9.1 OVERVIEW 47

9.1.1 GLOBAL DIGITAL PAYMENT MARKET ESTIMATES & FORECAST, BY INSECT TYPE, 2019–2028 48

9.2 MOTH 48

9.2.1 MOTH: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 48

9.3 WEEVIL 49

9.3.1 WEEVIL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 49

9.4 FRUIT FLY 49

9.4.1 FRUIT FLY: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50

9.5 BEETLE 50

9.5.1 BEETLE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50

9.6 OTHERS 51

9.6.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51

10 GLOBAL DIGITAL PAYMENT MARKET, BY REGION 52

10.1 OVERVIEW 52

Continued…

11 COMPETITIVE LANDSCAPE 87

11.1 INTRODUCTION 87

11.1.1 MARKET STRATEGY ANALYSIS 87

11.2 COMPETITIVE BENCHMARKING 88

11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 89

11.3.1 AGREEMENT 89

11.3.2 INVESTMENT 89

11.3.3 JOINT VENTURE 89

11.3.4 PARTNERSHIP 90

12 COMPANY PROFILES 91

Continued…

13 APPENDIX 117

13.1 REFERENCES 117

13.2 RELATED REPORTS 117

Detailed TOC of Global Digital Payment Market @  https://www.360researchreports.com/TOC/14897366#TOC

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