Digital Payments Market, By Mode of Payment, By Enterprise size, By End User, By Geography

Description

The global digital payments market is estimated to be valued at US$ 75.34 Bn in 2024 and is expected to reach US$ 298.46 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 21.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 75.34 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	21.70%	2031 Value Projection:	US$ 298.46 Bn

Figure. Digital Payments Market Share (%), By Region 2024

The global digital payments market has witnessed significant growth over the past few years due to rising smartphone penetration and growing adoption of online shopping trends across the world. The increasing use of online banking and mobile wallets has stimulated transactions through digital modes and reduced the use of cash. Moreover, the rising demand for contactless and seamless payment options during the COVID-19 pandemic has accelerated the market growth. Various government initiatives to promote digital financial inclusion have also propelled the uptake of digital payments. However, data privacy and security concerns remain major challenges for the market.

Market Dynamics:

The key drivers fueling the global digital payments market include rapid urbanization, rising disposable incomes, and growing e-commerce sales. Furthermore, technological advancements in digital platforms along with the development of user-friendly payment interfaces have boosted digital transactions. On the other hand, data breaches and cybersecurity threats pose significant restraints to the market growth. However, emerging opportunities lie in Blockchain-enabled payment solutions, proliferation of IoT-based connected devices, and integration of biometric authentication across payment interfaces. Rising adoption of digital currencies would also offer new avenues.

Key Features of the Study:

This report provides in-depth analysis of the global digital payments market and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global digital payments market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include ACI Worldwide Inc., Adyen N.V., AliPay, Amazon Payments Inc., Apple Pay, FIS, Fiserv Inc., Global Payments Inc., Mastercard Incorporated, PayPal Holdings Inc., Paytm (One97 Communications Limited), Square, Inc., Stripe, Inc., Visa Inc., and Worldline S.A.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global digital payments market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global digital payments market

Detailed Segmentation:

By Mode of Payment
- Bank Cards
- Digital Currencies
- Digital Wallets
- Net Banking
- Point of Sales
- Others
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- BFSI
- Healthcare
- IT & Telecom
- Media & Entertainment
- Retail & E-commerce
- Transportation
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- ACI Worldwide Inc.
- Adyen N.V.
- AliPay
- Amazon Payments Inc.
- Apple Pay
- FIS
- Fiserv Inc.
- Global Payments Inc.
- Mastercard Incorporated
- PayPal Holdings Inc.
- Paytm (One97 Communications Limited)
- Square, Inc.
- Stripe, Inc.
- Visa Inc.
- Worldline S.A.

Product Code: CMI5055

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Mode of Payment
- Market Snippet, By Enterprise size
- Market Snippet, By End User
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Digital Payments Market, By Mode of Payment, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Bank Cards
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Digital Currencies
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Digital Wallets
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Net Banking
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Point of Sales
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Digital Payments Market, By Enterprise size, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
Large Enterprises
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Small & Medium Enterprises
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Digital Payments Market, By End User, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
- Segment Trends
BFSI
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
IT & Telecom
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Media & Entertainment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Retail & E-commerce
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Transportation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Digital Payments Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019-2031
North America
- Regional Trends
- Market Size and Forecast, By Mode of Payment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Enterprise size, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Mode of Payment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Enterprise size, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Mode of Payment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Enterprise size, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Mode of Payment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Enterprise size, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Mode of Payment, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Enterprise size, 2019-2031, (US$ Bn)
- Market Size and Forecast, By End User, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - Israel
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- ACI Worldwide Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Adyen N.V.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- AliPay
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Amazon Payments Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Apple Pay
- FIS
- Fiserv Inc.
- Global Payments Inc.
- Mastercard Incorporated
- PayPal Holdings Inc.
- Paytm (One97 Communications Limited)
- Square, Inc.
- Stripe, Inc.
- Visa Inc.
- Worldline S.A.

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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