Smart Payment Systems Market, By Type, By End-user, By Geography

Description

Global smart payment systems market is estimated to be valued at USD 37,453.7 Mn in 2024 and is expected to reach USD 83,143.07 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 12.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 37,453.7 Mn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	12.10%	2031 Value Projection:	US$ 83,143.07 Mn

Figure. Smart Payment Systems Market Share (%), By Region 2024

Global smart payment systems market has been witnessing significant growth in the recent times. The increasing adoption of advanced technologies like IoT, AI, and analytics along with rising digitization across industries is driving the demand for smart and digital payment solutions. Factors like growth in e-commerce, preference for contactless payments amid COVID-19, and rising smartphone usage are positively impacting the market expansion. Moreover, government initiatives to promote digital financial inclusion is encouraging businesses to invest in developing innovative payment platforms. However, security and privacy concerns associated with digital transactions may hamper the demand to some extent going ahead. The market is expected to grow substantially in the coming years with continuous innovation and integration of evolving technologies in payment systems.

Market Dynamics:

Global smart payment systems market is mainly driven by growing e-commerce sector and rising preference for contactless payments among consumers. In Increasing online shopping has augmented the need for digital payment options among merchants and customers. Similarly, the COVID-19 outbreak has accelerated the shift towards contactless payments from cash due to hygiene and safety reasons. This has significantly boosted the sales of smart cards and wearable payment devices. However, data privacy and security threats associated with digital transactions continue to restrain the market growth. On the positive side, the integration of innovative technologies like AI, Blockchain, and biometrics is expected to offer new opportunities.

Key Features of the Study:

This report provides in-depth analysis of the global smart payment systems market, and provides market size (US$ Million) 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 smart payment systems 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 PayPal Holdings, Inc., Square, Inc. (now Block, Inc.), Visa, Inc., Mastercard Incorporated, Apple Inc., Google LLC, Samsung Electronics Co., Ltd., Adyen NV, Stripe Inc., Ant Group (Alipay), Tencent (WeChat Pay), and Worldline SA

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 smart payment systems 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 smart payment systems market

Market Segmentation

By Type Insights (Revenue, USD, 2019 - 2031)
- Internet Payment
- Mobile Payment
- Phone Payment
By End-use Industry Insights (Revenue, USD, 2019 - 2031)
- Retail
- BFSI (Banking, Financial Services, and Insurance)
- Healthcare
- Transportation
- Entertainment & Media
- Other
By Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- PayPal Holdings, Inc.
- Square, Inc. (now Block, Inc.)
- Visa, Inc.
- Mastercard Incorporated
- Apple Inc.
- Google LLC
- Samsung Electronics Co., Ltd.
- Adyen NV
- Stripe Inc.
- Ant Group (Alipay)
- Tencent (WeChat Pay)
- Worldline SA

Product Code: CMI7457

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By End-user
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
PEST Analysis
PORTER's Five Forces Analysis
Market Opportunities
Regulatory Scenario
Recent Developments/Updates
Industry Trend

4. Global Smart Payment Systems Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Smart Payment Systems Market - COVID-19
Impact Analysis

5. Global Smart Payment Systems Market, By Type, 2024-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Internet Payment
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Mobile Payment
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Phone Payment
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Smart Payment Systems Market, By End-use Industry, 2024-2031, (USD Mn)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Retail
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
(BFSI) Banking, Financial Services, and Insurance
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Healthcare
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Transportation
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Entertainment & Media
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Smart Payment Systems Market, By Region, 2019 - 2031, Value (USD MN)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By End Use Industry, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country, 2019- 2031, (US$ Mn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By End-use Industry, 2019- 2031, (US$ Mn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (US$ Mn)
  - South Africa
  - North Africa
  - Central Africa

8. COMPETITIVE LANDSCAPE

PayPal Holdings, Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
Square, Inc. (now Block, Inc.)
- Company Overview
- Product Portfolio
- Recent Developments/Updates
Visa, Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
Mastercard Incorporated
- Company Overview
- Product Portfolio
- Recent Developments/Updates
Apple Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
Google LLC
- Company Overview
- Product Portfolio
- Recent Developments/Updates
Samsung Electronics Co., Ltd.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
Adyen NV
- Company Overview
- Product Portfolio
- Recent Developments/Updates
Stripe Inc.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
Ant Group (Alipay)
- Company Overview
- Product Portfolio
- Recent Developments/Updates
Tencent (WeChat Pay)
- Company Overview
- Product Portfolio
- Recent Developments/Updates
Worldline SA
- Company Overview
- Product Portfolio
- Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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