Global Digital Payments Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 17.87% during the forecast period that is 2017-2025 owing to growing awareness regarding online payment, safe transaction, government initiative for online transaction or digital payments (Such as China and India), technological advancement like smart mobile and Apps, major service provider offers or cash back for digital payments and  easy to use technology are the major factors which is projected to drive the market over the forecast period.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global digital payments market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global digital payments market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Market Dynamics

“The Global Digital Payments Market Size is estimated to expand rapidly in coming years, at a CAGR of 17.87% from 2018 to 2025. In 2017, the global market valuation was USD 3,417 billion, and it is anticipated to be greater than USD xx.xx billion by 2025 due to its robust proliferation of the internet, Security and easy to use its importance in digital payments and global digitalization in various economies will boost the demand of digital payments method during the forecast period.”

Market Segment

By Type Insights: based on the type, the global digital payments market has been segmented into solutions and services. The services segment is projected to hold the largest market share in 2017 and is estimated to show its continue dominance over the forecast period in terms of revenue due to strong presence of key players in global market, app availability in smart phones and government support is propel the market growth in coming years. The solution segment will show significant growth in coming years due to high demand from commercial sectors.

By Solution Type Insights: basis on solution type the worldwide digital payment market is divided into Payment Processing, Payment Gateway, Payment Wallet, POS Solution, Payment Security and Fraud Management. In 2017, the payment gateway segment was valued to collect measurable growth and is projected to show its continue dominance over the forecast period in terms of revenue because of increasing international payments in commercial sectors. Payment wallet and POS solution segments are projected to be fastest growing segments during the forecast period.

End-Users Insights: The global digital payments market has been classified basis on end-users such as Retail, Transportation, Telecommunications, Banking, and Financial Sector. The banking and financial segments are hold the major market share in 2017 and is projected to be fastest growing segments throughout forecast period because of high expanded sectors, most of the prefer this sectors for payments transaction. In other hand the remaining segments will show health growth CAGR rate in coming years.

Reginal Analysis

The global digital payments market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years. The China is projected to hold major regional market share over the forecast timespan in terms of value and revenue because of high industrialization, high GDP rate, and government support.

Global Digital Payments Market Size, Share Analysis By Region 2017

In 2017, the North America is projected to account for the largest industry share of the global market. The growth of digital payments market in North America can be attributed to major key players presence or solution providers in the region, well developed digital economies and expansion of the mobile commerce sectors are major factors contributing to the growth of the market over the forecast period in this region. Middle East and Africa will show significant growth and value in coming years due to increasing high use of this technology and government support.

Key Players

The proficient players in the digital payments market are adopting various research and development growth strategies such as emphasizing on product innovation, new launches, merger and acquisitions and geographic expansion to increase market share. Some of the key players operating in the market include PayPal, Amazon, and Google, Apple, Visa Inc., ACI Worldwide, Aurus, Aliant Payment, Authorize.Net, Adyen, BlueSnap, Chetu, Dwolla, FSS, First Data, Fiserv, Global Payments, Net1 UEPS Technologies, Novatti, Paysafe, PayU, SIX, Stripe, TSYS, WEX, Wirecard , Worldline, Worldpay, and YapStone, SecurePay, Fastcharge, PayUMoney, ICICI Payseal, rupee and other prominent key players. 

Global Digital Payments Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.