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Digital Payment Market Industry Overview, Growth Rate and Forecast 2023-2028

The global digital payment market is expected to exhibit a growth rate (CAGR) of 16.4% during 2023-2028.<br><br>More info: https://www.imarcgroup.com/digital-payment-market

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Digital Payment Market Industry Overview, Growth Rate and Forecast 2023-2028

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  1. Global Digital Payment Market Research and Forecast Report 2023- 2028 Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2022 IMARC All Rights Reserved

  2. Report DescriptionAbout IMARC Group International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

  3. Report Description and Highlights Report Description Global Digital Payment Market Research Report 2023-2028: The latest report by IMARC Group, titled “Digital Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,” finds that the global digital payment market is expected to grow at a CAGR of 16.4% during 2023-2028. Digital payment, also known as electronic payment, refers to a fast, convenient, and secure payment method that involves transferring money over the internet or electronic channels. Some commonly used digital payment methods include internet banking, mobile wallets, unified payments interface (UPI), and banking cards. It allows individuals to pay directly from their banks and enables efficient tracking of transactions by storing payment details in a merchant-specific database available to both consumers and merchants. It is more reliable, transparent, and safer than traditional payment methods as the transactions are processed by secure gateways. In recent years, digital payment solutions have gained immense traction due to their excellent payment security, traceability, ease of use, fast processing, and low theft risk.. Request for a PDF sample of this report: market/requestsample https://www.imarcgroup.com/digital-payment-

  4. Report Description and Highlights Report Description Global Digital Payment Market Trends: The rising penetration of smartphones and high-speed internet represents the primary factor driving the market growth. Besides this, the advent of the cashless age and the escalating demand for enhanced user experiences are other major growth-inducing factors. Additionally, governments of various countries are taking favorable initiatives to promote cashless transactions to reduce tax frauds and maintain money trails. In line with this, the implementation of lockdowns and social distancing norms amid the sudden outbreak of coronavirus disease (COVID-19) has accelerated the adoption of digital payments as they are contactless and help curb the spread of the virus. Furthermore, the leading players are leveraging innovative technologies, such as blockchain, big data, machine learning (ML), and artificial intelligence (AI), to enhance their product offerings and gain a competitive edge in the market. Besides this, the widespread adoption of the quick response (QR) code and near-field communication (NFC) technology has propelled the market growth. Other factors, including the emergence of the 5G network, surging popularity of mobile payments, rising trend of online shopping, increasing penetration of e-commerce channels, and technological advancements, are also providing a positive thrust to the market growth. View Report TOC, Figures and Tables: https://www.imarcgroup.com/digital-payment-market

  5. Report Description and Highlights Report Description Key Market Segmentation The research report includes the following segments: Breakup by Component: • Solutions o Application Program Interface o Payment Gateway o Payment Processing o Payment Security and Fraud Management o Transaction Risk Management o Others • Services o Professional Services o Managed Services Breakup by Deployment Type: • Cloud-based • On-premises

  6. Report Description and Highlights Report Description Breakup by Payment Mode: • Bank Cards • Digital Currencies • Digital Wallets • Net Banking • Others Breakup by End Use Industry: • BFSI • Healthcare • IT and Telecom • Media and Entertainment • Retail and E-commerce • Transportation • Others Breakup by Region: • North America • Asia Pacific • Europe • Latin America • Middle East and Africa

  7. Report Description and Highlights Report Description Competitive Landscape with Key Players: • ACI Worldwide Inc. • Adyen N.V. • Aliant Payment Systems Inc. • Amazon.com Inc. • American Express Company • Apple Inc. • Fiserv Inc. • Mastercard Incorporated • Novetti Group Limited • Paypal Holdings Inc. • Stripe Inc. • Total System Services Inc. • Visa Inc. • Wirecard AG.

  8. Key Questions Answered in the Report Report Description 1. How has the global digital payment market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global digital payment market? What are the key regional markets? What is the breakup of the market based on the component? What is the breakup of the market based on the payment mode? What is the breakup of the market based on the deployment type? What is the breakup of the market based on the end use industry? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? 10. What is the structure of the global digital payment market and who are the key players? 11. What is the degree of competition in the industry? 2. 3. 4. 5. 6. 7. 8. 9.

  9. Report DescriptionTable of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Digital Payment Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast

  10. Report DescriptionTable of Contents 6 Market Breakup by Component 6.1 Solutions 6.1.1 Market Trends 6.1.2 Major Types 6.1.2.1 Application Program Interface 6.1.2.2 Payment Gateway 6.1.2.3 Payment Processing 6.1.2.4 Payment Security and Fraud Management 6.1.2.5 Transaction Risk Management 6.1.2.6 Others 6.1.3 Market Forecast 6.2 Services 6.2.1 Market Trends 6.2.2 Major Types 6.2.2.1 Professional Services 6.2.2.2 Managed Services 6.2.3 Market Forecast Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/digital-payment-market/toc

  11. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

  12. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

  13. Report Description and Highlights Report Description © 2022 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

  14. Contact Us FOR MORE DETAILS Visit us at : https://www.imarcgroup.com Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com

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