Market Overview:
The global payment processing software 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 demand for cloud-based payment processing software and the growing adoption of mobile payments. On-premise payment processing software held the largest share of the global payment processing software market in 2017, owing to its advantages such as security and control over data. However, cloud-based payment processing is expected to grow at a higher CAGR during the forecast period, due to its advantages such as scalability and flexibility. The application segment for individual accounted for majority of the global payment processing software market in 2017, followed by enterprise and others segments respectively. The growth in this segment can be attributed to rising demand from consumers for secure and convenient modes of payments.
Product Definition:
A payment processing system is a computer software application that enables businesses to authorize, process and manage payments. Payment processing systems are important for businesses because they allow them to accept payments from customers via various methods, including credit cards, debit cards and electronic checks. Payment processing systems also provide merchants with detailed reports on their sales activity and performance.
On-premise:
On-premise software is a type of cloud computing technology that involves the installation of components on the end user's system. The end-users can be enterprises or individuals. In this model, instead of using a remote server for processing data, the software is installed on-premises and used locally to process transactions without involving any third party (transactor) or an internet connection.
Cloud-based:
Cloud-based software is a type of Software as a Service (SaaS) that provides an interface to manage data and applications across multiple devices from a single location. The cloud-based payment processing software is used by merchants for accepting payments over the internet using credit cards, debit cards, electronic checks, or other supported payment methods. It helps in reducing the cost of acquiring new customers and maintaining customer relationships with existing customers by allowing merchants to focus on revenue generation rather than managing customer interactions.
Application Insights:
The others application segment accounted for the largest market share in 2017 and is estimated to expand at a CAGR of XX% over the forecast period. The payment processing software has widespread applications across different industries such as e-commerce, BFSI, telecom & IT, utilities among others. The growing adoption of these solutions by various organizations to reduce operational costs and automate business processes will drive demand over the coming years.
The enterprise application segment accounted for a significant market share in 2017 owing to rising demand from large organizations that are looking for cost-effective ways to manage their payments activities while reducing timeconsuming tasks such as paperwork would help them focus on core business operations would also drive growth over the coming years.
Regional Analysis:
The market in North America accounted for the largest revenue share in 2017. The growth can be attributed to the presence of a large number of payment solution providers, such as American Express, Braintree, Commerce Bancshares Inc., and Paypal. These companies are focusing on expanding their reach by offering services across various industries. For instance, Braintree offers its payment processing solutions to over 1 million small businesses across 200 countries worldwide through its mobile app and website. Such expansions are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to register significant growth during the forecast period owing to increasing adoption of cloud-based technologies among enterprises for managing their business processes and applications with minimal IT involvement or cost involved for implementation process from any vendor standpoint including third-party providers such as Infosys Ltd., HCLTechnologies Ltd., etc.).
Growth Factors:
- Increasing demand for online and mobile payments
- Rising number of e-commerce transactions
- Proliferation of digital wallets and payment gateways
- Growing need for fraud prevention and security solutions
- Emerging markets offering huge potential for growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Payment Processing Software Market Research Report
By Type
On-premise, Cloud-based
By Application
Individual, Enterprise, Others
By Companies
Amazon Payments, PayPal, Stripe, CyberSource, Square, AppFrontier, Southern Payment Systems, FIS, BluePay Processing, JPMorgan Chase, Heartland Payment Systems, Sage Group, OPay, ProPay, PayU
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Payment Processing Software Market Report Segments:
The global Payment Processing Software market is segmented on the basis of:
Types
On-premise, Cloud-based
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
Individual, Enterprise, 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:
- Amazon Payments
- PayPal
- Stripe
- CyberSource
- Square
- AppFrontier
- Southern Payment Systems
- FIS
- BluePay Processing
- JPMorgan Chase
- Heartland Payment Systems
- Sage Group
- OPay
- ProPay
- PayU
Highlights of The Payment Processing Software 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:
- On-premise
- Cloud-based
- By Application:
- Individual
- Enterprise
- 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 Payment Processing Software 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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- Product & Brand Management
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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?
Payment processing software is a computer program that helps banks and other financial institutions process payments. It can include features such as creating and managing customer accounts, issuing and tracking invoices, authorizing and processing payments, and more.
Some of the major players in the payment processing software market are Amazon Payments, PayPal, Stripe, CyberSource, Square, AppFrontier, Southern Payment Systems, FIS, BluePay Processing, JPMorgan Chase, Heartland Payment Systems, Sage Group, OPay, ProPay, PayU.
The payment processing software 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 Payment Processing Software 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 Payment Processing Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Payment Processing Software 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 Payment Processing Software 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 Payment Processing Software Market Size & Forecast, 2018-2028
4.5.1 Payment Processing Software Market Size and Y-o-Y Growth
4.5.2 Payment Processing Software Market Absolute $ Opportunity
Chapter 5 Global Payment Processing Software 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 Payment Processing Software Market Size Forecast by Type
5.2.1 On-premise
5.2.2 Cloud-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Payment Processing Software 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 Payment Processing Software Market Size Forecast by Applications
6.2.1 Individual
6.2.2 Enterprise
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Payment Processing Software 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 Payment Processing Software 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 Payment Processing Software Analysis and Forecast
9.1 Introduction
9.2 North America Payment Processing Software 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 Payment Processing Software Market Size Forecast by Type
9.6.1 On-premise
9.6.2 Cloud-based
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 Payment Processing Software Market Size Forecast by Applications
9.10.1 Individual
9.10.2 Enterprise
9.10.3 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 Payment Processing Software Analysis and Forecast
10.1 Introduction
10.2 Europe Payment Processing Software 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 Payment Processing Software Market Size Forecast by Type
10.6.1 On-premise
10.6.2 Cloud-based
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 Payment Processing Software Market Size Forecast by Applications
10.10.1 Individual
10.10.2 Enterprise
10.10.3 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 Payment Processing Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Payment Processing Software 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 Payment Processing Software Market Size Forecast by Type
11.6.1 On-premise
11.6.2 Cloud-based
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 Payment Processing Software Market Size Forecast by Applications
11.10.1 Individual
11.10.2 Enterprise
11.10.3 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 Payment Processing Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Payment Processing Software 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 Payment Processing Software Market Size Forecast by Type
12.6.1 On-premise
12.6.2 Cloud-based
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 Payment Processing Software Market Size Forecast by Applications
12.10.1 Individual
12.10.2 Enterprise
12.10.3 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) Payment Processing Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Payment Processing Software 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) Payment Processing Software Market Size Forecast by Type
13.6.1 On-premise
13.6.2 Cloud-based
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) Payment Processing Software Market Size Forecast by Applications
13.10.1 Individual
13.10.2 Enterprise
13.10.3 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 Payment Processing Software Market: Competitive Dashboard
14.2 Global Payment Processing Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amazon Payments
14.3.2 PayPal
14.3.3 Stripe
14.3.4 CyberSource
14.3.5 Square
14.3.6 AppFrontier
14.3.7 Southern Payment Systems
14.3.8 FIS
14.3.9 BluePay Processing
14.3.10 JPMorgan Chase
14.3.11 Heartland Payment Systems
14.3.12 Sage Group
14.3.13 OPay
14.3.14 ProPay
14.3.15 PayU
