Product Code: GVR-4-68038-240-2
Payment Processing Solutions Market Trends & Growth
The global payment processing solutions market size is expected to reach USD 98.01 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027, according to a new report by Grand View Research, Inc. The market growth can be attributed to the emergence of digital technology and customers' demand for immediacy of transactions. The customers are looking for faster and convenient money transfer options, thereby driving the adoption of payment processing solutions.
Technologies such as the Internet of Things (IoT), machine learning, and Artificial Intelligence (AI) are all finding their way into numerous industries in order to streamline and simplify process of transactions. Machine learning can automatically recognize patterns across large volumes of transactions to quickly identify fraudulent activities. Moreover, artificial intelligence offers the ability to personalize the customer experience and enhance customer service.
Machine learning integrated processing solutions are used for the authorization of money transfer patterns and transaction monitoring. Machine learning tools enable FinTech companies to accurately process this data to decrease costs, meet customer needs, and better allocate resources. Furthermore, these solutions allow businesses to provide better customer services to their customers.
Service providers are focusing on leveraging IoT into their payment processing solutions. They enable money transfer through connected voice assistants and smart TVs. These services are allowing customers to pay when, where, and how they want to pay.
Payment Processing Solutions Market Report Highlights
Growing popularity of smartphones and technological innovations are anticipated to boost the usage of e-wallets across the globe
As retailers are focusing on diversifying their business operations, they are increasingly embracing wireless and mobile processing technologies for transaction processes. This, in turn, is expected to fuel the adoption of solutions for transaction processing in the retail end-use segment
Increasing e-commerce sales, coupled with growing internet penetration across the region, is expected to fuel the market growth in Asia Pacific over the forecast period
Key vendors in the market include SecurePay; PayU Group; PayPal Holdings, Inc.; Authorize.Net; and Alipay.
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 Payment Processing Solutions Market - Industry Snapshot & Key Buying Criteria, 2016 - 2027
- 2.2 Global Payment Processing Solutions Market, 2016 - 2027
- 2.2.1 Global payment processing solutions market, by region, 2016 - 2027
- 2.2.2 Global payment processing solutions market, by payment method, 2016 - 2027
- 2.2.3 Global payment processing solutions market, by end use, 2016 - 2027
Chapter 3 Payment Processing Solutions Industry Outlook
- 3.1 Market Segmentation and Scope
- 3.2 Market Size and Growth Prospects
- 3.3 Payment Processing Solutions Market - Value Chain Analysis
- 3.4 Payment Processing Solutions Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.1.1 High proliferation of smartphones
- 3.4.1.2 Worldwide initiatives for the promotion of online and digital payments
- 3.4.2 Market challenge analysis
- 3.4.2.1 Threat of cyber-attack affecting payment processing solutions
- 3.5 Penetration and Growth Prospect Mapping
- 3.6 Payment Processing Solutions Market - Porter's Five Forces Analysis
- 3.7 Payment Processing Solutions Market - Company Market Share Analysis, 2019
- 3.8 Payment Processing Solutions Market - PESTEL Analysis
Chapter 4 Payment Processing Solutions Payment Method Outlook
- 4.1 Payment Processing Solutions Market Share By Payment Method, 2019
- 4.2 Credit Card
- 4.2.1 Credit card payment processing solutions market, 2016 - 2027
- 4.3 Debit Card
- 4.3.1 Debit card payment processing solutions market, 2016 - 2027
- 4.4 E-Wallet
- 4.4.1 E-wallet payment processing solutions market, 2016 - 2027
Chapter 5 Payment Processing Solutions End-use Outlook
- 5.1 Payment Processing Solutions Market Share By End Use, 2019
- 5.2 Hospitality
- 5.2.1 Payment processing solutions market in hospitality, 2016 - 2027
- 5.3 Retail
- 5.3.1 Payment processing solutions market in retail, 2016 - 2027
- 5.4 Utilities & Telecommunication
- 5.4.1 Payment processing solutions market in utilities & telecommunication, 2016 - 2027
- 5.5 Others
- 5.5.1 Payment processing solutions market in other end use, 2016 - 2027
Chapter 6 Payment Processing Solutions Regional Outlook
- 6.1 Payment Processing Solutions Market Share by Region, 2019
- 6.2 North America
- 6.2.1 North America payment processing solutions market, 2016 - 2027
- 6.2.2 North America payment processing solutions market, by payment method, 2016 - 2027
- 6.2.3 North America payment processing solutions market, by end use, 2016 - 2027
- 6.2.4 U.S.
- 6.2.4.1 U.S. payment processing solutions market, 2016 - 2027
- 6.2.4.2 U.S. payment processing solutions market, by payment method, 2016 - 2027
- 6.2.4.3 U.S. payment processing solutions market, by end use, 2016 - 2027
- 6.2.5 Canada
- 6.2.5.1 Canada payment processing solutions market, 2016 - 2027
- 6.2.5.2 Canada payment processing solutions market, by payment method, 2016 - 2027
- 6.2.5.3 Canada payment processing solutions market, by end use, 2016 - 2027
- 6.3 Europe
- 6.3.1 Europe payment processing solutions market, 2016 - 2027
- 6.3.2 Europe payment processing solutions market, by payment method, 2016 - 2027
- 6.3.3 Europe payment processing solutions market, by end use, 2016 - 2027
- 6.3.4 Germany
- 6.3.4.1 Germany payment processing solutions market, 2016 - 2027
- 6.3.4.2 Germany payment processing solutions market, by payment method, 2016 - 2027
- 6.3.4.3 Germany payment processing solutions market, by end use, 2016 - 2027
- 6.3.5 U.K.
- 6.3.5.1 U.K. payment processing solutions market, 2016 - 2027
- 6.3.5.2 U.K. payment processing solutions market, by payment method, 2016 - 2027
- 6.3.5.3 U.K. payment processing solutions market, by end use, 2016 - 2027
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific payment processing solutions market, 2016 - 2027
- 6.4.2 Asia Pacific payment processing solutions market, by payment method, 2016 - 2027
- 6.4.3 Asia Pacific payment processing solutions market, by end use, 2016 - 2027
- 6.4.4 China
- 6.4.4.1 China payment processing solutions market, 2016 - 2027
- 6.4.4.2 China payment processing solutions market, by payment method, 2016 - 2027
- 6.4.4.3 China payment processing solutions market, by end use, 2016 - 2027
- 6.4.5 India
- 6.4.5.1 India payment processing solutions market, 2016 - 2027
- 6.4.5.2 India payment processing solutions market, by payment method, 2016 - 2027
- 6.4.5.3 India payment processing solutions market, by end use, 2016 - 2027
- 6.4.6 Japan
- 6.4.6.1 Japan payment processing solutions market, 2016 - 2027
- 6.4.6.2 Japan payment processing solutions market, by payment method, 2016 - 2027
- 6.4.6.3 Japan payment processing solutions market, by end use, 2016 - 2027
- 6.5 Latin America
- 6.5.1 Latin America payment processing solutions market, 2016 - 2027
- 6.5.2 Latin America payment processing solutions market, by payment method, 2016 - 2027
- 6.5.3 Latin America payment processing solutions market, by end use, 2016 - 2027
- 6.5.4 Brazil
- 6.5.4.1 Brazil payment processing solutions market, 2016 - 2027
- 6.5.4.2 Brazil payment processing solutions market, by payment method, 2016 - 2027
- 6.5.4.3 Brazil payment processing solutions market, by end use, 2016 - 2027
- 6.6 MEA
- 6.6.1 MEA payment processing solutions market, 2016 - 2027
- 6.6.2 MEA payment processing solutions market, by payment method, 2016 - 2027
- 6.6.3 MEA payment processing solutions market, by end use, 2016 - 2027
Chapter 7 Competitive Landscape
- 7.1 Adyen N.V.
- 7.1.1 Company overview
- 7.1.2 Financial performance
- 7.1.3 Product benchmarking
- 7.1.4 Strategic initiatives
- 7.2 Alipay
- 7.2.1 Company overview
- 7.2.2 Financial performance
- 7.2.3 Product benchmarking
- 7.2.4 Strategic initiatives
- 7.3 Amazon Payments, Inc.
- 7.3.1 Company overview
- 7.3.2 Financial performance
- 7.3.3 Product benchmarking
- 7.3.4 Strategic initiatives
- 7.4 Authorize.Net
- 7.4.1 Company overview
- 7.4.2 Financial performance
- 7.4.3 Product benchmarking
- 7.4.4 Strategic initiatives
- 7.5 Paymill GmbH
- 7.5.1 Company overview
- 7.5.2 Financial performance
- 7.5.3 Product benchmarking
- 7.5.4 Strategic initiatives
- 7.6 PayPal Holdings Inc.
- 7.6.1 Company overview
- 7.6.2 Financial performance
- 7.6.3 Product benchmarking
- 7.6.4 Strategic initiatives
- 7.7 PayU Group
- 7.7.1 Company overview
- 7.7.1 Financial performance
- 7.7.2 Product benchmarking
- 7.7.3 Strategic initiatives
- 7.8 Ping++
- 7.8.1 Company overview
- 7.8.2 Financial performance
- 7.8.3 Product benchmarking
- 7.8.4 Strategic initiatives
- 7.9 SecurePay
- 7.9.1 Company overview
- 7.9.2 Financial performance
- 7.9.3 Product benchmarking
- 7.9.4 Strategic initiatives
- 7.10 Stripe
- 7.10.1 Company overview
- 7.10.2 Financial performance
- 7.10.3 Product benchmarking
- 7.10.4 Strategic initiatives
- 7.11 Other Prominent Market Competitors
