Global Digital Payment Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

Description

List of Tables

The global demand for Digital Payment Market is presumed to reach a market size of nearly USD 41.93 Trillion by 2032 from USD 10.03 Trillion in 2023 with a CAGR of 17.22% under the study period 2024-2032.

Digital payment is the electronic transfer of money or funds between individuals, businesses, or financial institutions using digital technologies, such as mobile devices, computers, or the internet. The methods include credit and debit cards, mobile wallets, online banking, electronic funds transfers (EFT), and cryptocurrency transactions. These payment methods offer convenience, speed, and security, allowing transactions anytime, anywhere, without the need for physical cash or cheques. These payments are increasingly replacing traditional cash-based transactions, driven by technological advancements, changing consumer preferences, and the growing adoption of mobile and internet-based services. They offer benefits such as improved financial inclusion, reduced transaction costs, and enhanced transparency and security.

MARKET DYNAMICS

The digital payment industry is primarily driven by the adoption of smartphones and internet connectivity, which make digital payment solutions more accessible to a broader population. Consumers are seeking convenient and secure methods to conduct transactions, and these platforms provide just that. The COVID-19 pandemic has also supported the shift towards digital payment, as social distancing measures and the need for contactless transactions became paramount. Additionally, government initiatives promoting a cashless economy and the development of robust financial infrastructure are fostering the widespread adoption of digital payment systems. Technological advancements, including the integration of AI and blockchain, are improving the security and efficiency of digital payment processes, thereby boosting consumer confidence.

Furthermore, the rise of e-commerce and the growing preference for online shopping have significantly boosted the demand for these solutions. Businesses are increasingly adopting these methods to streamline their operations, reduce transaction costs, and improve customer experience. Moreover, various payment options, including mobile wallets, peer-to-peer transfers, and QR code payments, cater to diverse consumer preferences, further driving its adoption. Financial inclusion efforts are also playing a crucial role, as digital payment solutions offer unbanked and underbanked populations access to financial services, promoting economic participation. As the global economy continues to digitize, the demand for innovative and secure digital payment solutions is expected to rise, ensuring sustained growth and development in the industry. However, security risks and concerns about fraud may restrict the growth of the digital payment market in the next few years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain Analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Digital Payment. The growth and trends of the Digital Payment industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Digital Payment market report provides detailed data on the segments at the country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Type

Digital Commerce
Digital Remittances
Mobile POS Payments

By End User Industry

Retail
BFSI
IT & Telecommunication
Healthcare
Travel & Hospitality
E-commerce
Government
Others

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Digital Payment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Digital Payment market include PayPal Holdings Inc., Visa Inc, Mastercard Incorporated, American Express Company, Square Inc., Apple Inc. (Apple Pay), Google LLC (Google Pay). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR11213410

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. DIGITAL PAYMENT - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By End User Industry
- 3.7.3 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL DIGITAL PAYMENT MARKET ANALYSIS BY TYPE

5.1. Overview By Type
5.2. Historical and Forecast Data
5.3. Analysis By Type
5.4. Digital Commerce Historic and Forecast Sales By Regions
5.5. Digital Remittances Historic and Forecast Sales By Regions
5.6. Mobile POS Payments Historic and Forecast Sales By Regions

6. GLOBAL DIGITAL PAYMENT MARKET ANALYSIS BY END USER INDUSTRY

6.1. Overview By End User Industry
6.2. Historical and Forecast Data
6.3. Analysis By End User Industry
6.4. Retail Historic and Forecast Sales By Regions
6.5. BFSI Historic and Forecast Sales By Regions
6.6. IT & Telecommunication Historic and Forecast Sales By Regions
6.7. Healthcare Historic and Forecast Sales By Regions
6.8. Travel & Hospitality Historic and Forecast Sales By Regions
6.9. E-commerce Historic and Forecast Sales By Regions
6.10. Government Historic and Forecast Sales By Regions
6.11. Others Historic and Forecast Sales By Regions

7. GLOBAL DIGITAL PAYMENT MARKET ANALYSIS BY GEOGRAPHY

7.1. Regional Outlook
7.2. Introduction
7.3. North America Sales Analysis
- 7.3.1 Overview, Historic and Forecast Data Sales Analysis
- 7.3.2 North America By Segment Sales Analysis
- 7.3.3 North America By Country Sales Analysis
- 7.3.4 United States Sales Analysis
- 7.3.5 Canada Sales Analysis
- 7.3.6 Mexico Sales Analysis
7.4. Europe Sales Analysis
- 7.4.1 Overview, Historic and Forecast Data Sales Analysis
- 7.4.2 Europe By Segment Sales Analysis
- 7.4.3 Europe By Country Sales Analysis
- 7.4.4 United Kingdom Sales Analysis
- 7.4.5 France Sales Analysis
- 7.4.6 Germany Sales Analysis
- 7.4.7 Italy Sales Analysis
- 7.4.8 Russia Sales Analysis
- 7.4.9 Rest Of Europe Sales Analysis
7.5. Asia Pacific Sales Analysis
- 7.5.1 Overview, Historic and Forecast Data Sales Analysis
- 7.5.2 Asia Pacific By Segment Sales Analysis
- 7.5.3 Asia Pacific By Country Sales Analysis
- 7.5.4 China Sales Analysis
- 7.5.5 India Sales Analysis
- 7.5.6 Japan Sales Analysis
- 7.5.7 South Korea Sales Analysis
- 7.5.8 Australia Sales Analysis
- 7.5.9 South East Asia Sales Analysis
- 7.5.10 Rest Of Asia Pacific Sales Analysis
7.6. Latin America Sales Analysis
- 7.6.1 Overview, Historic and Forecast Data Sales Analysis
- 7.6.2 Latin America By Segment Sales Analysis
- 7.6.3 Latin America By Country Sales Analysis
- 7.6.4 Brazil Sales Analysis
- 7.6.5 Argentina Sales Analysis
- 7.6.6 Peru Sales Analysis
- 7.6.7 Chile Sales Analysis
- 7.6.8 Rest of Latin America Sales Analysis
7.7. Middle East & Africa Sales Analysis
- 7.7.1 Overview, Historic and Forecast Data Sales Analysis
- 7.7.2 Middle East & Africa By Segment Sales Analysis
- 7.7.3 Middle East & Africa By Country Sales Analysis
- 7.7.4 Saudi Arabia Sales Analysis
- 7.7.5 UAE Sales Analysis
- 7.7.6 Israel Sales Analysis
- 7.7.7 South Africa Sales Analysis
- 7.7.8 Rest Of Middle East And Africa Sales Analysis

8. COMPETITIVE LANDSCAPE OF THE DIGITAL PAYMENT COMPANIES

8.1. Digital Payment Market Competition
8.2. Partnership/Collaboration/Agreement
8.3. Merger And Acquisitions
8.4. New Product Launch
8.5. Other Developments

9. COMPANY PROFILES OF DIGITAL PAYMENT INDUSTRY

9.1. Top Companies Market Share Analysis
9.2. Market Concentration Rate
9.3. PayPal Holdings Inc.
- 9.3.1 Company Overview
- 9.3.2 Company Revenue
- 9.3.3 Products
- 9.3.4 Recent Developments
9.4. Visa Inc
- 9.4.1 Company Overview
- 9.4.2 Company Revenue
- 9.4.3 Products
- 9.4.4 Recent Developments
9.5. Mastercard Incorporated
- 9.5.1 Company Overview
- 9.5.2 Company Revenue
- 9.5.3 Products
- 9.5.4 Recent Developments
9.6. American Express Company
- 9.6.1 Company Overview
- 9.6.2 Company Revenue
- 9.6.3 Products
- 9.6.4 Recent Developments
9.7. Square Inc.
- 9.7.1 Company Overview
- 9.7.2 Company Revenue
- 9.7.3 Products
- 9.7.4 Recent Developments
9.8. Apple Inc. (Apple Pay)
- 9.8.1 Company Overview
- 9.8.2 Company Revenue
- 9.8.3 Products
- 9.8.4 Recent Developments
9.9. Google LLC (Google Pay)
- 9.9.1 Company Overview
- 9.9.2 Company Revenue
- 9.9.3 Products
- 9.9.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies