Real-Time Payments Market Size-By Component (Solution, Service), Deployment Model (On-premises, Cloud), Payment Type (Person-to-Person, Person-to-Business, Business-to-Consumer, Business-to-Business), Organization Size, End-user & Forecast, 2023-2032

Description

List of Tables

The global real-time payments market is expected to record over 26% CAGR through 2032, driven by the increasing need for faster payment processing, the rise of digitalization, and a growing emphasis on financial inclusion.

According to an article by FED in 2022, nearly 80% survey responders expressed interest in utilizing faster payments for business transactions. Additionally, 83% used fintech payment apps or digital wallets occasionally. In an era where speed and efficiency are paramount, businesses and consumers alike are seeking payment solutions that provide real-time processing. The instantaneous nature of real-time payments caters to this demand, offering a transformative financial experience that transcends traditional payment methods.

Furthermore, the surge in e-commerce, digital banking, and mobile payment platforms underscores the urgency for real-time payment solutions, positioning the market for substantial growth.

The overall real-time payments industry is classified based on component, deployment model, payment type, organization size, end-user, and region.

The service segment is poised to witness substantial gains by 2032. The comprehensive service components, ranging from payment gateways to fraud detection systems, are crucial in ensuring the seamless operation of real-time payment systems. As businesses and financial institutions strive to enhance user experiences, the demand for robust service components that guarantee security, efficiency, and reliability is escalating.

The on-premises deployment segment share is expected to grow notably over the forecast period, owing to increased adoption, particularly in sectors where data security is of paramount importance. As businesses grapple with the complexities of cybersecurity, on-premises deployment offers a dedicated and controlled environment for real-time payment systems. This model ensures that sensitive financial data remains within the confines of the organization's infrastructure, addressing concerns related to data breaches and unauthorized access. The growing emphasis on data security and regulatory compliance is propelling the on-premises deployment segment.

Asia Pacific real-time payments market is expected to grow swiftly through 2032 driven by increasing smartphone penetration, rising internet accessibility, and a burgeoning fintech ecosystem. Countries like China and India are witnessing a surge in digital payment adoption, with real-time payment solutions becoming integral to daily financial transactions. The focus on adopting cashless economy and the widespread acceptance of real-time payment systems will shape the regional market outlook.

Product Code: 7031

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Real-time payments market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023 - 2032
2.3 Regional trends
2.4 Component trends
2.5 Payment type trends
2.6 Deployment model trends
2.7 Organization size trends
2.8 End-user trends

Chapter 3 Real-Time Payments Market Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
- 3.6.1 Partnership/Collaboration
- 3.6.2 Merger/Acquisition
- 3.6.3 Investment
- 3.6.4 Product launch & innovation
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Rising adoption of digital payments
  - 3.8.1.2 Increasing consumer demand for instant financial transaction processing
  - 3.8.1.3 Extensive use of smartphones and digital devices
  - 3.8.1.4 Rising need for swift and secure fund transfers
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Risk of security breaches
  - 3.8.2.2 Regulatory compliance
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Visa Inc.
- 4.3.2 PayPal Holdings, Inc.
- 4.3.3 Mastercard, Inc.
- 4.3.4 Fiserv, Inc.
- 4.3.5 FIS Inc.
- 4.3.6 ACI Worldwide, Inc.
- 4.3.7 Finastra
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Real-Time Payments Market Estimates & Forecast, By Component (Revenue)

5.1 Key trends, by component
5.2 solution
5.3 Services

Chapter 6 Real-Time Payments Market Estimates & Forecast, By Payment type (Revenue)

6.1 Key trends, by payment type
6.2 Person-to-person (P2P)
6.3 Person-to-business (P2B)
6.4 Business-to-consumer (B2C)
6.5 Business-to-business (B2B)
6.6 Others

Chapter 7 Real-Time Payments Market Estimates & Forecast, By Deployment Model (Revenue)

7.1 Key trends, by deployment model
7.2 Cloud-based
7.3 On-premises

Chapter 8 Real-Time Payments Market Estimates & Forecast, By Organization Size (Revenue)

8.1 Key trends, by organization size
8.2 SMEs
8.3 Large enterprises

Chapter 9 Real-time payments Market Estimates & Forecast, By End-user (Revenue)

9.1 Key trends, by end-user
9.2 BFSI
9.3 Retail
9.4 Healthcare
9.5 Government
9.6 IT & telecom
9.7 Manufacturing
9.8 Others

Chapter 10 Real-Time Payments Market Estimates & Forecast, By Region (Revenue)

10.1 Key trends, by region
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Southeast Asia
- 10.4.6 ANZ
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa

Chapter 11 Company Profiles

11.1 ACI Worldwide, Inc.
11.2 Finastra
11.3 FIS Inc.
11.4 Fiserv, Inc.
11.5 Jack Henry
11.6 JPMorgan Chase & Co.
11.7 Mastercard, Inc.
11.8 Montran Corp.
11.9 PayPal Holdings, Inc.
11.10 SWIFT
11.11 Temenos AG
11.12 Visa Inc.
11.13 Volante Technologies Inc.
11.14 Western Union
11.15 Worldline SA