PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1383516
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1383516
According to SPER Market Research, 'Enterprise Payments Platform Market Size- By Component, By Deployment, By Enterprise Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Enterprise Payments Platform Market is predicted to reach USD 14.60 billion by 2033 with a CAGR of 6.2%.
By providing an efficient payments strategy on a single, integrated, real-time platform, enterprise payments platforms help financial institutions streamline their payments infrastructure. Businesses may replace outdated technology, modernise payment processes, and develop new services and products for consumers and businesses by utilising enterprise payments platforms.
Furthermore, significant changes in the economy have been brought about by the coronavirus pandemic, particularly in the payment sector. Lockdowns pushed customers to use digital payments more and more, which accelerated the move to online financial services. The ongoing COVID-19 pandemic has incentivized industry participants to innovate payment systems, hence promoting relationships between technology companies and banks. The market for enterprise payments platforms grew significantly during the pandemic and is expected to continue growing after the coronavirus.
Market size available for years: 2019-2033
Base year considered: 2022
Forecast period: 2023-2033
Segments covered: By Component, By Deployment, By Enterprise Size, By End User
Regions covered: North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered: Adyen N.V., bookitLive, Built In, First Data, Fiserv, Jack Henry and Associates, Oracle Corporation, Payline, Payscout, Square Inc., Stripe Inc., Others
By Enterprise Size: Based on the Enterprise Size, Global Enterprise Payments Platform Market is segmented as; Large Enterprises, Small & Medium-sized Enterprises (SMEs).
By End User: Based on the End User, Global Enterprise Payments Platform Market is segmented as; BFSI, Education, IT and Telecom, Manufacturing, Oil and Gas, Retail, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.