Market Overview:
The global ePayment system market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of eCommerce and the growing demand for digital payments across different regions. The global ePayment system market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into software platforms and services. The software platforms segment is further sub-segmented into hosted solutions and licensed solutions. The services segment includes consulting, integration & deployment, support & maintenance, and training & education services. On the basis of application, the market is divided into eCommerce, supermarket & grocery store payments, restaurant payments/takeaways/deliveries etc., other retail payments (pharmacies etc.), travel bookings (air tickets etc.), online content subscriptions (Netflix), utility bill payments (electricity bills), donations/charity contributions), B2B transactions (purchases from suppliers).
Product Definition:
An ePayment system is a computer-based system that allows businesses and consumers to securely exchange funds electronically. The importance of ePayment systems is that they provide a fast, secure, and convenient way to pay for goods and services.
Software Platforms:
Software platforms are the core technology used in e-payment systems. They provide a common platform for merchants and banks to interact with customers and manage transactions. Software platforms can be used by merchants for inventory management, order management, sales & marketing automation, reporting & analytics solutions as well as payment processing solutions.
Services:
The services are used in ePayment System to carry out the transaction between the Merchant and Customer. The service is managed by Service Providers who provide certain functions such as accepting payments, processing transactions, and issuing tickets or coupons. Services can be divided into two broad categories - on-premise and cloud based.
Application Insights:
The others application segment includes travel, retail, hospitality and healthcare. The travel segment is expected to witness the highest growth over the forecast period owing to increasing demand for ePayment solutions in this industry. The growing popularity of online travel agencies has resulted in increased adoption of ePayment systems by various players operating in this industry. For instance, Travel Payment Solutions, a payment solution provider for online travel agents offers an integrated global e-commerce platform with fraud management services and real-time transaction processing that saves both parties time and money.
eCommerce is anticipated to emerge as the fastest-growing segment over the forecast period owing to factors such as rapid urbanization coupled with a rising middle class population that prefers purchasing products through electronic channels due to ease of use and convenience offered thereby driving demand globally for these systems across all regions.
Regional Analysis:
North America dominated the global ePayment system market in 2017. The growth can be attributed to the presence of prominent players such as American Express, Braintree, and Paypal. These companies are actively involved in developing new products that would enhance payment experience and facilitate online transactions across various industries. Moreover, these companies have also collaborated with financial institutions to develop innovative solutions for making payments through smartphones or tablets easier than ever before. For instance, Braintree Inc., a U.S.
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period owing to increasing adoption of internet services.
Growth Factors:
- Increasing demand for online and mobile payments
- Rising number of e-commerce transactions
- Proliferation of digital wallets and contactless payments
- Growing popularity of P2P payments and remittances
- Emergence of new payment technologies (e.g., blockchain)
Scope Of The Report
Report Attributes
Report Details
Report Title
ePayment System Market Research Report
By Type
Software Platforms, Services
By Application
eCommerce, Supermarket, Grocery, Others
By Companies
pureLiFi, Velmenni, Oledcomm, Philips, VLNComm, Wipro, GE, LVX System, Nakagawa Labs, LightPointe Communications
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
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global ePayment System Market Report Segments:
The global ePayment System market is segmented on the basis of:
Types
Software Platforms, Services
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
eCommerce, Supermarket, Grocery, 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:
- pureLiFi
- Velmenni
- Oledcomm
- Philips
- VLNComm
- Wipro
- GE
- LVX System
- Nakagawa Labs
- LightPointe Communications
Highlights of The ePayment System 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:
- Software Platforms
- Services
- By Application:
- eCommerce
- Supermarket
- Grocery
- 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 ePayment System 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?
ePayment System is a payment processing system that allows customers to make payments online, over the phone, or in person.
Some of the key players operating in the epayment system market are pureLiFi, Velmenni, Oledcomm, Philips, VLNComm, Wipro, GE, LVX System, Nakagawa Labs, LightPointe Communications.
The epayment system market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ePayment System 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 ePayment System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ePayment System 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 ePayment System 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 ePayment System Market Size & Forecast, 2020-2028
4.5.1 ePayment System Market Size and Y-o-Y Growth
4.5.2 ePayment System Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Software Platforms
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 eCommerce
6.2.2 Supermarket
6.2.3 Grocery
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ePayment System 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 ePayment System 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Software Platforms
9.6.2 Services
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 Market Size Forecast by Applications
9.10.1 eCommerce
9.10.2 Supermarket
9.10.3 Grocery
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Software Platforms
10.6.2 Services
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 Market Size Forecast by Applications
10.10.1 eCommerce
10.10.2 Supermarket
10.10.3 Grocery
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Software Platforms
11.6.2 Services
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 Market Size Forecast by Applications
11.10.1 eCommerce
11.10.2 Supermarket
11.10.3 Grocery
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Software Platforms
12.6.2 Services
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 Market Size Forecast by Applications
12.10.1 eCommerce
12.10.2 Supermarket
12.10.3 Grocery
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Software Platforms
13.6.2 Services
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) Market Size Forecast by Applications
13.10.1 eCommerce
13.10.2 Supermarket
13.10.3 Grocery
13.10.4 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 ePayment System Market: Competitive Dashboard
14.2 Global ePayment System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 pureLiFi
14.3.2 Velmenni
14.3.3 Oledcomm
14.3.4 Philips
14.3.5 VLNComm
14.3.6 Wipro
14.3.7 GE
14.3.8 LVX System
14.3.9 Nakagawa Labs
14.3.10 LightPointe Communications
