Digital Payment Market Size, Growth, Increasing Demand, Influencing Trends, End User, New Innovations, Key Players & Forecast to 2025 | Radiant Insights, Inc.

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Digital Payment Market Size, Growth, Increasing Demand, Influencing Trends, End User, New Innovations, Key Players & Forecast to 2025 | Radiant Insights, Inc.

August 27
15:44 2020
Digital Payment Market Size, Growth, Increasing Demand, Influencing Trends, End User, New Innovations, Key Players & Forecast to 2025 | Radiant Insights, Inc.

Radiant Insights, Inc.
Radiant Insights has announced the addition of “Digital Payment Market Size, Share & Trends Analysis Report By Solution, By Mode of Payment, By Deployment, By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2019 – 2025″ Market Research report to their database.

The global digital payments market size is expected to reach USD 132.5 billion by 2025, registering a CAGR of 17.6% from 2019 to 2025, according to a new report by Radiant Insights, Inc. The ongoing technology and digital revolution led by the growing penetration of smartphones is driving the market. Furthermore, the entry of numerous non-banking institutions such as Amazon.com, Inc. and Alibaba, which are into offering payment solutions and services, is further expected to propel digital payment services market growth over the forecast period.

Various countries across the globe are making regressive changes in their regulatory framework favoring digital economy. This has led to an exponential growth of electronic monetary transactions. Various trends, such as the Internet of Things (IoT), cloud computing, tokenization, biometrics, and ubiquitous connectivity, are expected to shape the way consumers transact in future.

Download Free Sample Report @ https://www.radiantinsights.com/research/digital-payment-market/request-sample

The advent of next-generation systems such as e-wallets and payment banks is expected to fuel digital payment systems market growth. In addition, various non-banking institutions are focusing on leveraging and innovating technology to simplify user experience and provide them with better financial and banking services. Technological advancements are allowing monetary transaction solution providers to offer personalized experiences that are more customer-centric.

The market is expected to witness significant growth owing to the growth of the e-commerce companies across the globe. Instead of selecting conventional offline retail, customers nowadays are more inclined towards online shopping. This, in turn, is expected to propel the market over the forecast period.

The growth of the North American regional market can be attributed to the existence of a large number of solution providers in the region as well as expansion of the mobile commerce industry. Proliferation of digitalization, coupled with supportive government initiatives in developing countries, is propelling the Asia Pacific market.

Further Key Findings from the Report Suggest:

• Increasing customer demand for immediacy of monetary transactions is expected to fuel the monetary transactions processing segment over the forecast period

• Point of sales terminals are widely used by various end-use industries to process card payments. It offers customers an easy and convenient way to pay their bills

• Processing electronic monetary transactions in the cloud are more secure than on-premise methods. Also, cloud processing quickly identifies fraudulent transactions and avoids data theft

• Electronic payments can deliver a substantial uplift to an SME’s growth and profitability by delivering better customer experience, transaction cost reduction, record retention, and competitive advantage by enabling access to the overseas digital payment solutions market

• Various banks and financial consulting firms are focusing on transforming the existing operations of their banking clients to the digital ecosystem, thereby driving the adoption of digital monetary transaction solutions in the BFSI industry vertical

• Asia Pacific is anticipated to register the highest growth rate owing to increasing demand for electronic monetary transaction solutions in emerging countries such as China and India

• Key market players include Adyen N.V.; ACI Worldwide Inc.; PayPal Holdings Inc.; Novetti Group Limited; Global Payments Inc.; Wirecard AG; and Total System Services, Inc.

Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/digital-payment-market

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources

Chapter 2 Executive Summary
2.1 Digital Payment Market – Industry Snapshot & Key Buying Criteria, 2014 – 2025
2.2 Global Digital Payment Market, 2014 – 2025
2.2.1 Global digital payment market, by region, 2014 – 2025
2.2.2 Global digital payment market, by solution, 2014 – 2025
2.2.3 Global digital payment market, by mode of payment, 2014 – 2025
2.2.4 Global digital payment market, by deployment, 2014 – 2025
2.2.5 Global digital payment market, by enterprise size, 2014 – 2025
2.2.6 Global digital payment market, by end use, 2014 – 2025
2.3 Global Digital Payment Market Demand, 2014 – 2025
2.3.1 Global digital payment market demand, by region, 2014 – 2025
2.4 Global Digital Payment Market Valuation, 2014 – 2025
2.4.1 Global digital payment market valuation, by region, 2014 – 2025

Chapter 3 Digital Payment Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Digital Payment Market – Value Chain Analysis
3.3.1 Vendor landscape
3.4 Digital Payment Market Dynamics
3.4.1 Market driver analysis Increasing government initiatives for the promotion of digital payments Growing penetration of smartphones
3.4.2 Market challenge analysis Cyber-attacks affecting digital payments
3.5 Penetration and Growth Prospect Mapping
3.6 Digital Payment Market – Porter’s Five Forces Analysis
3.7 Digital Payment Market – Company Market Share Analysis, 2018
3.8 Digital Payment Market – PESTEL Analysis

Chapter 4 Digital Payment Solution Outlook
4.1 Digital Payment Market Share By Solution, 2018
4.2 Application Program Interface
4.2.1 Digital payment application program interface market, 2014 – 2025
4.3 Payment Gateway
4.3.1 Digital payment gateway market, 2014 – 2025
4.4 Payment Processing
4.4.1 Digital payment processing market, 2014 – 2025
4.5 Payment Security & Fraud Management
4.5.1 Digital payment security & fraud management market, 2014 – 2025
4.6 Transaction Risk Management
4.6.1 Digital payment transaction risk management market, 2014 – 2025
4.7 Others
4.7.1 Other digital payment solutions market, 2014 – 2025


Browse More Related Reports in Technology And Media Industry:

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2) Digital Experience Platform Market – https://www.radiantinsights.com/research/digital-experience-platform-market

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