Global Payment as a Service Market Size is estimated to expand rapidly in coming years, at a CAGR of 27.8 % from 2018 to 2025. In 2017, the global market valuation was USD 4.2 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Payments as a Service (PaaS) is a marketing term used to define software as a service connecting a group of global payment systems. Legislative measures to encourage payment solutions that thrive on safe and real-time transactions, and optimized client or commercial experience with fast and safe payment techniques are key variables driving market growth.

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 payment as a service 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 payment as a service 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.

Segment Analysis

By Service Type Insights: On the basis of service, global payment as a service market has been segmented into professional and managed services. Among which managed services segment is expected to be the highest growing segment in the global market of payment as a service market. Managed services are essential as they can be directly linked to strengthening customer service; therefore, providers cannot offer to settle on such services as they assist them to maintain their position in the market. These services give the technical abilities needed to preserve and update API-based payment services. With the assistance of managed services, all pre- and sub-deployment requests, as well as client requirements, are resolved. Businesses primarily outsource services managed to concentrate on their key company. The managed services segment is expected to witness high growth in the global market of payment as a service as they assist merchants to decrease the complexity of infrastructure and operating costs while providing a safe and international environment at the same time.

By Vertical Insights: On the basis of vertical, global payment as a service market has been segmented into retail and hospitality. Among which the retail sector held the largest share in the global market of payment as a service. Because of the changing business-centric model, companies are overhauling their technologies to provide their clients with enhanced facilities and setting up online stores to boost income. Moreover growing market of online shopping is expected to boost the global market in the forecast period as they realize the advantages of mobile payments, which include decreased payment time, enhanced income, enhanced working effectiveness, and minimizing operating expenses.

Regional Analysis

The payment as a service 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; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, the Asia Pacific is anticipated to see powerful development due to enhanced demand for embedded payment solutions and advances in payment technology, benefiting all participants in the payment environment in the Asia Pacific region. The emerging countries in the region such as China, India, and Japan are making enormous effects in the industry to make online payment systems easy and reliable.

North America is expected to witness high growth in upcoming time span due to high demand in the retail sector and online shopping websites. The fast development of payment as a service industry in the region can be ascribed to the active internet involvement of customers in the region's emerging countries. Europe is anticipated to dominate global payment as a service market. The profound integration of internet and mobile devices in Europe has developed possibilities for companies to reach customers, channel partners and other stakeholders in the region.  

Global Payment as a Service Market Size, Share Analysis by Region 2017

Global Payment as a Service Market Study Objective

1. To forecast the market size of payment as a service market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of payment as a service market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate on significant factors that will have a major impact on the growth of payment as a service market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of payment as a service market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the payment as a service market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

First Data, TSYS, Paysafe, Verifone, Ingenico, Aurus, Agilysys, Pineapple Payments, Alpha Fintech, First American Payment Systems, FIS, allpago, Helcim, Valitor, Intelligent Payments, PayStand and PPRO are some of the key players in the market of payment as a service.

Global Payment as a Service Market Study Report Offer You!

The global payment as a service 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.