Market Overview:
The global electronic payment market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of digital payments, rising demand for mobile payments, and growing need for fraud prevention and security solutions. In terms of type, the payment gateway solutions segment is expected to lead the global electronic payment market during the forecast period. This can be attributed to the increasing demand for online and mobile payments across various industries.
Product Definition:
An electronic payment is a financial transaction that is conducted via electronic means, typically involving the use of a payment card or an online banking system. The importance of electronic payments lies in their speed, security and convenience.
Payment Gateway Solutions:
Payment gateway solutions are the electronic means of payment for any type of transaction between a buyer and a seller. It is an online interface that enables consumers to make payments without going through traditional card networks or banking institutions. The major functions performed by payment gateway solutions include accepting, processing, and chargingbacks; all in real-time.
Payment Wallet Solutions:
Payment wallet solutions are digital wallets that allow consumers to make payments using various electronic payment methods such as debit cards, credit cards, and bank transfers. These payment wallets can be accessed from mobile phones and personal computers without the need for additional hardware devices. The major driving factors responsible for the growth of this market include increasing adoption of smartphones across the globe along with rising demand for online shopping platforms.
Application Insights:
The retail segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing e-commerce industry has led to an increase in demand for payment solutions that offer convenience and ease of use. Furthermore, rising consumer preference for using electronic payments instead of cash or cheque has driven retailers to adopt these solutions. Moreover, a shift towards mobile payments by consumers is further anticipated to drive growth over the forecast period.
The telecommunication segment accounted for USD 1,227 million in 2017 and is expected to grow at a significant rate over the next eight years owing to increasing adoption of e-wallets and m-wallets among consumers as well as businesses globally.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period. The growth can be attributed to the presence of prominent players such as American Express, Bank Of America, Citigroup, JPMorgan Chase & Co., MasterCard Worldwide Inc., and Visa Inc. In addition to this, increasing adoption of mobile wallets and payment gateway solutions is also expected to drive regional growth over the forecast period.
The Asia Pacific region accounted for more than 30% share in 2016 owing to increased internet penetration rates coupled with growing smartphone adoption rates in developing economies such as India and China. Furthermore, favorable government initiatives aimed at promoting digital payments are further anticipated to spur industry expansion over the next eight years.
Growth Factors:
- Increasing demand for online and mobile payments
- Rising use of cards for retail transactions
- Proliferation of digital wallets and contactless payments
- Growth in e-commerce sector
- Government initiatives to promote cashless transactions
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Payment Market Research Report
By Type
Payment Gateway Solutions, Payment Wallet Solutions, Payment Processing Solutions, Payment Security & Fraud Management, POS Solutions
By Application
BFSI, Retail, Telecommunication, Entertainment, Logistics & Transportation, Government, Others
By Companies
Alipay, Amazon Pay, Apple Pay, Tencent, Google Pay, First Data, Paypal, Fiserv, Visa Inc., MasterCard, Total System Services (TSYS), Novatti, Global Payments, Financial Software & Systems, Worldline, BlueSnap, Net 1 UEPS Technologies, Wirecard, ACI Worldwide, Worldpay (Vantiv), Aurus Inc, Chetu, Paysafe, PayU, Yapstone, Adyen
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Payment Market Report Segments:
The global Electronic Payment market is segmented on the basis of:
Types
Payment Gateway Solutions, Payment Wallet Solutions, Payment Processing Solutions, Payment Security & Fraud Management, POS Solutions
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
BFSI, Retail, Telecommunication, Entertainment, Logistics & Transportation, Government, 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:
- Alipay
- Amazon Pay
- Apple Pay
- Tencent
- Google Pay
- First Data
- Paypal
- Fiserv
- Visa Inc.
- MasterCard
- Total System Services (TSYS)
- Novatti
- Global Payments
- Financial Software & Systems
- Worldline
- BlueSnap
- Net 1 UEPS Technologies
- Wirecard
- ACI Worldwide
- Worldpay (Vantiv)
- Aurus Inc
- Chetu
- Paysafe
- PayU
- Yapstone
- Adyen
Highlights of The Electronic Payment 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:
- Payment Gateway Solutions
- Payment Wallet Solutions
- Payment Processing Solutions
- Payment Security & Fraud Management
- POS Solutions
- By Application:
- BFSI
- Retail
- Telecommunication
- Entertainment
- Logistics & Transportation
- Government
- 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 Electronic Payment 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
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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?
Electronic payment is a method of paying for goods and services using electronic devices such as computers, phones, or tablets.
Some of the major players in the electronic payment market are Alipay, Amazon Pay, Apple Pay, Tencent, Google Pay, First Data, Paypal, Fiserv, Visa Inc., MasterCard, Total System Services (TSYS), Novatti, Global Payments, Financial Software & Systems, Worldline, BlueSnap, Net 1 UEPS Technologies, Wirecard, ACI Worldwide, Worldpay (Vantiv), Aurus Inc, Chetu, Paysafe, PayU, Yapstone, Adyen.
The electronic payment market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Payment 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 Electronic Payment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Payment 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 Electronic Payment 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 Electronic Payment Market Size & Forecast, 2018-2028
4.5.1 Electronic Payment Market Size and Y-o-Y Growth
4.5.2 Electronic Payment Market Absolute $ Opportunity
Chapter 5 Global Electronic Payment 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 Electronic Payment Market Size Forecast by Type
5.2.1 Payment Gateway Solutions
5.2.2 Payment Wallet Solutions
5.2.3 Payment Processing Solutions
5.2.4 Payment Security & Fraud Management
5.2.5 POS Solutions
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electronic Payment 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 Electronic Payment Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Retail
6.2.3 Telecommunication
6.2.4 Entertainment
6.2.5 Logistics & Transportation
6.2.6 Government
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Payment 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 Electronic Payment 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 Electronic Payment Analysis and Forecast
9.1 Introduction
9.2 North America Electronic Payment 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 Electronic Payment Market Size Forecast by Type
9.6.1 Payment Gateway Solutions
9.6.2 Payment Wallet Solutions
9.6.3 Payment Processing Solutions
9.6.4 Payment Security & Fraud Management
9.6.5 POS Solutions
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 Electronic Payment Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Retail
9.10.3 Telecommunication
9.10.4 Entertainment
9.10.5 Logistics & Transportation
9.10.6 Government
9.10.7 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 Electronic Payment Analysis and Forecast
10.1 Introduction
10.2 Europe Electronic Payment 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 Electronic Payment Market Size Forecast by Type
10.6.1 Payment Gateway Solutions
10.6.2 Payment Wallet Solutions
10.6.3 Payment Processing Solutions
10.6.4 Payment Security & Fraud Management
10.6.5 POS Solutions
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 Electronic Payment Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Retail
10.10.3 Telecommunication
10.10.4 Entertainment
10.10.5 Logistics & Transportation
10.10.6 Government
10.10.7 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 Electronic Payment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electronic Payment 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 Electronic Payment Market Size Forecast by Type
11.6.1 Payment Gateway Solutions
11.6.2 Payment Wallet Solutions
11.6.3 Payment Processing Solutions
11.6.4 Payment Security & Fraud Management
11.6.5 POS Solutions
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 Electronic Payment Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Retail
11.10.3 Telecommunication
11.10.4 Entertainment
11.10.5 Logistics & Transportation
11.10.6 Government
11.10.7 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 Electronic Payment Analysis and Forecast
12.1 Introduction
12.2 Latin America Electronic Payment 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 Electronic Payment Market Size Forecast by Type
12.6.1 Payment Gateway Solutions
12.6.2 Payment Wallet Solutions
12.6.3 Payment Processing Solutions
12.6.4 Payment Security & Fraud Management
12.6.5 POS Solutions
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 Electronic Payment Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Retail
12.10.3 Telecommunication
12.10.4 Entertainment
12.10.5 Logistics & Transportation
12.10.6 Government
12.10.7 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) Electronic Payment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electronic Payment 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) Electronic Payment Market Size Forecast by Type
13.6.1 Payment Gateway Solutions
13.6.2 Payment Wallet Solutions
13.6.3 Payment Processing Solutions
13.6.4 Payment Security & Fraud Management
13.6.5 POS Solutions
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) Electronic Payment Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Retail
13.10.3 Telecommunication
13.10.4 Entertainment
13.10.5 Logistics & Transportation
13.10.6 Government
13.10.7 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 Electronic Payment Market: Competitive Dashboard
14.2 Global Electronic Payment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alipay
14.3.2 Amazon Pay
14.3.3 Apple Pay
14.3.4 Tencent
14.3.5 Google Pay
14.3.6 First Data
14.3.7 Paypal
14.3.8 Fiserv
14.3.9 Visa Inc.
14.3.10 MasterCard
14.3.11 Total System Services (TSYS)
14.3.12 Novatti
14.3.13 Global Payments
14.3.14 Financial Software & Systems
14.3.15 Worldline
14.3.16 BlueSnap
14.3.17 Net 1 UEPS Technologies
14.3.18 Wirecard
14.3.19 ACI Worldwide
14.3.20 Worldpay (Vantiv)
14.3.21 Aurus Inc
14.3.22 Chetu
14.3.23 Paysafe
14.3.24 PayU
14.3.25 Yapstone
14.3.26 Adyen
