Market Overview:
The global credit processing solution market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for credit processing solutions from various end-user industries, such as banking, financial services and insurance (BSFI), government, retail and e-commerce, travel, hospitality, and others. Additionally, the growing need for real-time fraud detection and prevention is also fueling the demand for credit processing solutions in the global market. Based on type of solution, the global credit processing solution market can be segmented into high volume and low volume solutions. The high volume segment is expected to account for a larger share of the overall market in 2018 owing to its ability to handle large volumes of transactions quickly and efficiently. By application type, BSFI is expected to account for a major share of the overall market in 2018 followed by retail & ecommerce sector due To increase In online shopping And card payments . However ,the hospitality sector Is projected To grow at A higher CAGR over The forecast period .Regionally , North America Is estimated To hold A dominant position In terms Of revenue In 2030 .
Product Definition:
A credit processing solution is a type of software that helps businesses process payments and manage their finances. It can help companies keep track of spending, budgeting, and receivables. Credit processing solutions are often used by businesses that deal with a large number of transactions each day.
High Volume:
High volume is a term used to define the total number of documents processed in a specific time period. It can be defined as the highest number of loan applications that are processed within a specific time duration. The growth factor for high volume credit processing solutions market is High competition prevailing in the lending industry and need for quick decision making with an aim to meet consumer needs quickly.
Low Volume:
Low volume and it's usage in credit processing solution market is a software-based technology that helps banks, financial institutions, and other lenders to manage their low value transactions. Low volume & high value transactions are those which have a low monetary amount attached to them but are important for the business of any organization. These include payments made by customers for goods or services rendered as well as security deposits given by clients during the course of a transaction.
Application Insights:
The retail and e-commerce segment accounted for the largest revenue share in 2017. The growth of this segment is attributed to the increasing adoption of online payment methods across various countries. According to a study published by Visa, Inc., in 2018, around 60% of customers prefer using mobile payments while shopping online compared to only 40% who use credit cards. Moreover, retailers are also preferring digital transactions as it reduces counter queues and helps them maintain their inventory accuracy. Digital technologies have helped retailers reduce costs associated with operating a store while improving customer experience through analytics enabled solutions such as loyalty programs and gift card management system among others (Growth Hacking Report). This trend is expected to continue over the forecast period driving demand for GCPS globally over the next few years.
The travel & hospitality segment is anticipated register significant growth during the forecast period owing to an increase in cross border tourism activities coupled with rising spending power tourists from emerging economies such as China India & Brazil among others (Brics).
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing foreign investments in developing economies of India, China, and Singapore. In addition, rising number of retail outlets owing to rapid urbanization has created a huge demand for processing services in this region.
North America is projected to grow at a significant rate over the forecast period owing to growing adoption of online shopping platforms such as Amazon Web Services (AWS), Inc.; Flipkart; Shopify; Magento; among others by retailers across U.S., Canada, and Mexico due to their superior features such as easy customization options and efficient back-end operations that enable them run various complex business processes with ease resulting into high demand for processing solutions within this region.
Growth Factors:
- Increasing demand for credit cards and debit cards
- Proliferation of e-commerce and m-commerce
- Rising need for fraud prevention and security solutions
- Growing demand for automation in credit processing operations
- Emergence of new payment technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Credit Processing Solution Market Research Report
By Type
High Volume, Low Volume
By Application
BSFI, Government, Retail And E-Commerce, Travel, Hospitality, Others
By Companies
First Data, Square, Digital River, Leap Payments, 2Checkout, Wirecard, PayAnywhere
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Credit Processing Solution Market Report Segments:
The global Credit Processing Solution market is segmented on the basis of:
Types
High Volume, Low Volume
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BSFI, Government, Retail And E-Commerce, Travel, Hospitality, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- First Data
- Square
- Digital River
- Leap Payments
- 2Checkout
- Wirecard
- PayAnywhere
Highlights of The Credit Processing Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Volume
- Low Volume
- By Application:
- BSFI
- Government
- Retail And E-Commerce
- Travel
- Hospitality
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Credit Processing Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Credit processing solution is a software that helps businesses process credit applications. It can automate the entire credit application process, from gathering information to approving or denying an application.
Some of the key players operating in the credit processing solution market are First Data, Square, Digital River, Leap Payments, 2Checkout, Wirecard, PayAnywhere.
The credit processing solution market is expected to register a CAGR of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Credit Processing Solution Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Credit Processing Solution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Credit Processing Solution Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Credit Processing Solution Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Credit Processing Solution Market Size & Forecast, 2018-2028
4.5.1 Credit Processing Solution Market Size and Y-o-Y Growth
4.5.2 Credit Processing Solution Market Absolute $ Opportunity
Chapter 5 Global Credit Processing Solution Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Credit Processing Solution Market Size Forecast by Type
5.2.1 High Volume
5.2.2 Low Volume
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Credit Processing Solution Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Credit Processing Solution Market Size Forecast by Applications
6.2.1 BSFI
6.2.2 Government
6.2.3 Retail And E-Commerce
6.2.4 Travel
6.2.5 Hospitality
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Credit Processing Solution Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Credit Processing Solution Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Credit Processing Solution Analysis and Forecast
9.1 Introduction
9.2 North America Credit Processing Solution Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Credit Processing Solution Market Size Forecast by Type
9.6.1 High Volume
9.6.2 Low Volume
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Credit Processing Solution Market Size Forecast by Applications
9.10.1 BSFI
9.10.2 Government
9.10.3 Retail And E-Commerce
9.10.4 Travel
9.10.5 Hospitality
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Credit Processing Solution Analysis and Forecast
10.1 Introduction
10.2 Europe Credit Processing Solution Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Credit Processing Solution Market Size Forecast by Type
10.6.1 High Volume
10.6.2 Low Volume
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Credit Processing Solution Market Size Forecast by Applications
10.10.1 BSFI
10.10.2 Government
10.10.3 Retail And E-Commerce
10.10.4 Travel
10.10.5 Hospitality
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Credit Processing Solution Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Credit Processing Solution Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Credit Processing Solution Market Size Forecast by Type
11.6.1 High Volume
11.6.2 Low Volume
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Credit Processing Solution Market Size Forecast by Applications
11.10.1 BSFI
11.10.2 Government
11.10.3 Retail And E-Commerce
11.10.4 Travel
11.10.5 Hospitality
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Credit Processing Solution Analysis and Forecast
12.1 Introduction
12.2 Latin America Credit Processing Solution Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Credit Processing Solution Market Size Forecast by Type
12.6.1 High Volume
12.6.2 Low Volume
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Credit Processing Solution Market Size Forecast by Applications
12.10.1 BSFI
12.10.2 Government
12.10.3 Retail And E-Commerce
12.10.4 Travel
12.10.5 Hospitality
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Credit Processing Solution Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Credit Processing Solution Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Credit Processing Solution Market Size Forecast by Type
13.6.1 High Volume
13.6.2 Low Volume
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Credit Processing Solution Market Size Forecast by Applications
13.10.1 BSFI
13.10.2 Government
13.10.3 Retail And E-Commerce
13.10.4 Travel
13.10.5 Hospitality
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Credit Processing Solution Market: Competitive Dashboard
14.2 Global Credit Processing Solution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 First Data
14.3.2 Square
14.3.3 Digital River
14.3.4 Leap Payments
14.3.5 2Checkout
14.3.6 Wirecard
14.3.7 PayAnywhere
