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 payment security and fraud management solutions incorporate innovative security features, such as biometric authentication and tokenization to help lessen the threats associated with scams and chargebacks. A digital wallet, such as Alipay, deploys tokenization and advanced customer authentication to provide higher rates of transaction approval than other payment methods. Thus, digital payments, by delivering enhanced payment flexibility allows businesses to protect their revenue by preventing customer churn arising from insufficient at the time of making a purchase.
Get a Free sample of the report : https://www.emergenresearch.com/request-sample/607
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Digital Payment market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Digital Payment market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
Key players in the market include Mastercard Inc., Fiserv Inc., Visa Inc., JPMorgan Chase Co., PayPal Holdings Inc., Intuit Inc., Global Payments Inc., Stripe, PayU, and ACI Worldwide Inc.
Competitive Terrain:
The Global Digital Payment Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length
Read More: https://www.emergenresearch.com/industry-report/digital-payment-market
Emergen Research has segmented the global digital payment market on the basis of offering, organization size, mode of deployment, industry vertical, and region:
- Offering Outlook (Revenue, USD Billion; 2018–2028)
- Solutions
- Payment Gateway Solutions
- Payment Wallet Solutions
- Payment Processing Solutions
- Payment Security Fraud Management Solutions
- Point of Sale Solutions
- Services
- Professional Services
- Managed Services
- Solutions
- 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
- Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
- BFSI
- Healthcare
- Retail
- Transportation Logistics
- Travel Hospitality
- Media Entertainment
- Others
Research Methodology
- Data triangulation and market breakdown
- Research assumptions Research data including primary and secondary data
- Primary data includes breakdown of primaries and key industry insights
- Secondary data includes key data from secondary sources
Digital Payment Key Coverage of report:
Digital Payment Market share valuations of the segments on a country and global level.
Digital Payment Market share analysis of the major market players.
Opportunities and growth prospects for the new Digital Payment7 market entrants.
Digital Payment Market forecast for all the segments, sub-segments of the market.
Digital Payment Market Trends (drivers, restraints, opportunities, challenges, threats, investment opportunities, and approvals)
Strategic endorsements in the key business segments on the basis of Digital Payment market valuations.
Competitive landscape mapping of the key development patterns.
Company profiling with detailed strategies, financial details, and recent developments.
Latest supply chain trends and technological advancements.
The report objectives are:
To evaluate Digital Payment status, future forecast, growth opportunity, key market, and key players.
To present the Global Digital Payment development in the different regions of the world.
To strategically study and segment the key players and comprehensively analyze their development plan and strategies.
To define, describe, and forecast the market by product type, market, and key regions.
Overview of the Digital Payment Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
- In-depth analysis of the risks, restraints, and limitations in the Digital Payment industry
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Request customization of the report: https://www.emergenresearch.com/request-for-customization/607
Related Reports:
Desktop 3D Printer Market:https://www.emergenresearch.com/industry-report/desktop-3d-printer-market
LED Emergency Lighting Market: https://www.emergenresearch.com/industry-report/led-emergency-lighting-market
Human Centric Lighting Market: https://www.emergenresearch.com/industry-report/human-centric-lighting-market
Beacon Technology Market: https://www.emergenresearch.com/industry-report/beacon-technology-market
Solar LED Street Lighting Market: https://www.emergenresearch.com/industry-report/solar-led-street-lighting-market
About Us:
At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Facebook | LinkdIn | Twitter | Blogs
