Product Code: GVR-3-68038-059-0
Real-Time Payments Market Growth & Trends
The global real-time payments market size is expected to reach USD 99.73 billion by 2028, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 33.0% from 2021 to 2028. The growing internet penetration rate and the proliferation of smartphones are expected to drive the growth of the market over the forecast period. The initiatives being pursued by various governments across the world to promote digital payments are expected to contribute to the growth.
Digital payment solution providers are putting a strong emphasis on ensuring security while making payments using smartphones and bank cards, among other payment methods. Advances in the latest technologies, such as AI and blockchain, are particularly opening opportunities for digital payment solution providers to offer efficient and secure digital payment solutions. For instance, in October 2019, SnapPay Inc. announced the launch of a new facial recognition payment technology for retail store merchants in North America.
Technology companies, such as Facebook, Amazon, WeChat, Alipay, and Google, among others, are focusing on strengthening their presence in the market for real-time payments. For instance, in December 2020, Facebook announced that it has gone live with the payments feature on the WhatsApp messaging platform in India. The initiative fell under the company's efforts to explore new opportunities in the market.
The outbreak of the COVID-19 pandemic is anticipated to create new opportunities for the market players. Individuals are increasingly opting for contactless payment methods as part of the efforts to arrest the spread of coronavirus. The growing preference for online shopping amid the outbreak of the pandemic is also expected to propel the growth of the market over the forecast period.
Real-Time Payments Market Report Highlights
The P2B segment is expected to continue dominating the market over the forecast period. The continued growth of e-commerce and m-commerce is expected to drive the segment growth
The solution segment is expected to continue dominating the market over the forecast period. The growing consumer preference for various digital payment solutions is expected to drive the growth of the segment
The preference for cloud-based real-time payment solutions is growing owing to their agility and the flexibility they can offer for consumers and businesses while making and receiving payments
The increasing number of e-commerce startups across the globe is anticipated to drive the demand for real-time payment solutions over the forecast period
Government bodies are increasingly deploying smart ticketing systems across various public transport systems, which is creating an opportunity for vendors of real-time payment solutions
Continued digitalization in emerging economies, such as China and India, is expected to create growth opportunities for vendors of real-time payments solutions in the Asia Pacific regional 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
- 1.4 List of Abbreviations
Chapter 2 Executive Summary
- 2.1 Real-time Payments Market - Industry Snapshot & Key Buying Criteria, 2016 - 2028
- 2.2 Real-time Payments Market, 2016 - 2028
Chapter 3 Market Variables, Trends, and Scope
- 3.1 Market Segmentation and Scope
- 3.2 Real-Time Payments Market Size & Growth Prospects
- 3.3 Real-Time Payments Market - Value Chain Analysis
- 3.4 Real-Time Payments Market Dynamics
- 3.4.1 Market driver analysis
- 3.4.1.1 Increased operational efficiency:
- 3.4.1.2 Increasing demand for mobile payments:
- 3.4.1.3 Increasing demand from customers and merchants
- 3.4.1.4 Government initiatives to promote digital payments
- 3.4.2 Market challenge analysis
- 3.4.2.1 Security concerns related to real-time payments
- 3.4.3 Market opportunity analysis
- 3.4.3.1 Use of data analytics to improve customer experience
- 3.5 Real-Time Payments Penetration & Growth Prospects Mapping
- 3.6 Real-Time Payments Market - Porter's Five Forces Analysis
- 3.7 Real-Time Payments Market - PEST Analysis
Chapter 4 Real-Time Payments: Nature of Payment Type Outlook
- 4.1 Real-Time Payments Market, By Nature of Payment Type, 2020 & 2028
- 4.2 P2B Real-Time Payments
- 4.2.1 P2B real-time payments market, 2016 - 2028
- 4.2.1.1 P2B real-time payments market, by region, 2016 - 2028
- 4.3 B2B Real-Time Payments
- 4.3.1 B2B real-time payments market, by region, 2016 - 2028
- 4.3.1.1 B2B real-time payments market, by region, 2016 - 2028
- 4.4 P2P Real-Time Payments
- 4.4.1 P2P real-time payments market, by region, 2016 - 2028
- 4.4.1.1 P2P real-time payments market, by region, 2016 - 2028
- 4.5 Others
- 4.5.1 Others real-time payments Market, 2016 - 2028
- 4.5.1.1 Others real-time payments market, by region, 2016 - 2028
Chapter 5 Real-Time Payments: Component Outlook
- 5.1 Real-Time Payments Market, By Component Type, 2020 & 2028
- 5.2 Solutions
- 5.2.1 Solutions real-time payments market, 2016 - 2028
- 5.2.1.1 Solutions real-time payments market, by region, 2016 - 2028
- 5.2.2 Payments gateway real-time payments market, 2016 - 2028
- 5.2.2.1 Payments gateway real-time payments market, by region, 2016 - 2028
- 5.2.3 Payments processing real-time payments market, 2016 - 2028
- 5.2.3.1 Payments processing real-time payments market, by region, 2016 - 2028
- 5.2.4 Security & fraud management real-time payments market, 2016 - 2028
- 5.2.4.1 Security and fraud management real-time payments market, by region, 2016 - 2028
- 5.3 Services
- 5.3.1 Services real-time payments market, 2016 - 2028
- 5.3.1.1 Services real-time payments market, by region, 2016 - 2028
- 5.3.2 Advisory services real-time payments market, 2016 - 2028
- 5.3.2.1 Advisory services real-time payments market, by region, 2016 - 2028
- 5.3.3 Integration & implementation services real-time payments market, 2016 - 2028
- 5.3.3.1 Integration & implementation services real-time payments market, by region, 2016 - 2028
- 5.3.4 Managed services real-time payments market, 2016 - 2028
- 5.3.4.1 Managed services real-time payments market, by region, 2016 - 2028
Chapter 6 Real-Time Payments: Deployment Type Outlook
- 6.1 Real-Time Payments Market, By Deployment, 2020 & 2028
- 6.2 On-premises
- 6.2.1 On-premise market, 2016 - 2028
- 6.2.1.1 On-premises market, by region, 2016 - 2028
- 6.3 Cloud-based
- 6.3.1 Cloud-based market, 2016 - 2028
- 6.3.1.1 Cloud-based market, by region, 2016 - 2028
Chapter 7 Real-Time Payments: Enterprise Size Type Outlook
- 7.1 Real-Time Payments Market, By Enterprise Size Type, 2020 & 2028
- 7.2 Large Enterprise
- 7.2.1 Large enterprise market, 2016 - 2028
- 7.2.1.1 Large enterprises market, by region, 2016 - 2028
- 7.3 Small & Medium Enterprises
- 7.3.1 Small & medium enterprises market, 2016 - 2028
- 7.3.1.1 Small & medium enterprises market, by region, 2016 - 2028
Chapter 8 Real-Time Payments: End-use Industry Type Outlook
- 8.1 Real-Time Payments Market, By End-use Industry Type, 2020 & 2028
- 8.2 Retail & E-commerce
- 8.2.1 Retail & e-commerce market, 2016 - 2028
- 8.2.1.1 Retail & e-commerce market, by region, 2016 - 2028
- 8.3 BFSI
- 8.3.1 BFSI market, 2016 - 2028
- 8.3.1.1 BFSI market, by region, 2016 - 2028
- 8.4 IT & Telecom
- 8.4.1 IT & telecom market, 2016 - 2028
- 8.4.1.1 IT & telecom market, by region, 2016 - 2028
- 8.5 Travel & Tourism
- 8.5.1 Travel & tourism market, 2016 - 2028
- 8.5.1.1 Travel & tourism market, by region, 2016 - 2028
- 8.6 Healthcare
- 8.6.1 Healthcare market, 2016 - 2028
- 8.6.1.1 Healthcare market, by region, 2016 - 2028
- 8.7 Government
- 8.7.1 Government market, 2016 - 2028
- 8.7.1.1 Government market, by region, 2016 - 2028
- 8.8 Energy & Utilities
- 8.8.1 Energy & utilities market, 2016 - 2028
- 8.8.1.1 Energy & utilities market, by region, 2016 - 2028
- 8.9 Others
- 8.9.1 Others market, 2016 - 2028
- 8.9.1.1 Others market, by region, 2016 - 2028
Chapter 9 Real-Time Payments: Regional Outlook
- 9.1 Real-Time Payments, By Region, 2020 & 2028
- 9.2 North America
- 9.2.1 North America real-time payments market, by payments type, 2016 - 2028
- 9.2.2 North America real-time payments market, by component, 2016 - 2028
- 9.2.3 North America real-time payments market, by deployment, 2016 - 2028
- 9.2.4 North America real-time payments market, by enterprise size, 2016 - 2028
- 9.2.5 North America real-time payments market, by end-use industry, 2016 - 2028
- 9.2.6 U.S.
- 9.2.6.1 U.S. real-time payments market, by payments type, 2016 - 2028
- 9.2.6.2 U.S. real-time payments market, by component, 2016 - 2028
- 9.2.6.3 U.S. real-time payments market, by deployment, 2016 - 2028
- 9.2.6.4 U.S. real-time payments market, by enterprise size, 2016 - 2028
- 9.2.6.5 U.S. real-time payments market, by end-use industry, 2016 - 2028
- 9.2.7 Canada
- 9.2.7.1 Canada real-time payments market, by payments type, 2016 - 2028
- 9.2.7.2 Canada real-time payments market, by component, 2016 - 2028
- 9.2.7.3 Canada real-time payments market, by deployment, 2016 - 2028
- 9.2.7.4 Canada real-time payments market, by enterprise size, 2016 - 2028
- 9.2.7.5 Canada real-time payments market, by end-use industry, 2016 - 2028
- 9.2.8 Mexico
- 9.2.8.1 Mexico real-time payments market, by payments type, 2016 - 2028
- 9.2.8.2 Mexico real-time payments market, by component, 2016 - 2028
- 9.2.8.3 Mexico real-time payments market, by deployment, 2016 - 2028
- 9.2.8.4 Mexico real-time payments market, by enterprise size, 2016 - 2028
- 9.2.8.5 Mexico real-time payments market, by end-use industry, 2016 - 2028
- 9.3 Europe
- 9.3.1 Europe real-time payments market, by payments type, 2016 - 2028
- 9.3.2 Europe real-time payments market, by component, 2016 - 2028
- 9.3.3 Europe real-time payments market, by deployment, 2016 - 2028
- 9.3.4 Europe real-time payments market, by enterprise size, 2016 - 2028
- 9.3.5 Europe real-time payments market, by end-use industry, 2016 - 2028
- 9.3.6 U.K.
- 9.3.6.1 U.K. real-time payments market, by payments type, 2016 - 2028
- 9.3.6.2 U.K. real-time payments market, by component, 2016 - 2028
- 9.3.6.3 U.K. real-time payments market, by deployment, 2016 - 2028
- 9.3.6.4 U.K. real-time payments market, by enterprise size, 2016 - 2028
- 9.3.6.5 U.K. real-time payments market, by end-use industry, 2016 - 2028
- 9.3.7 SWEDEN
- 9.3.7.1 Sweden real-time payments market, by payments type, 2016 - 2028
- 9.3.7.2 Sweden real-time payments market, by component, 2016 - 2028
- 9.3.7.3 Sweden real-time payments market, by deployment, 2016 - 2028
- 9.3.7.4 Sweden real-time payments market, by enterprise size, 2016 - 2028
- 9.3.7.5 Sweden real-time payments market, by end-use industry, 2016 - 2028
- 9.3.8 DENMARK
- 9.3.8.1 Denmark real-time payments market, by payments type, 2016 - 2028
- 9.3.8.2 Denmark real-time payments market, by component, 2016 - 2028
- 9.3.8.3 Denmark real-time payments market, by deployment, 2016 - 2028
- 9.3.8.4 Denmark real-time payments market, by enterprise size, 2016 - 2028
- 9.3.8.5 Denmark real-time payments market, by end-use industry, 2016 - 2028
- 9.3.9 SWITZERLAND
- 9.3.9.1 Switzerland real-time payments market, by payments type, 2016 - 2028
- 9.3.9.2 Sweden real-time payments market, by component, 2016 - 2028
- 9.3.9.3 Sweden real-time payments market, by deployment, 2016 - 2028
- 9.3.9.4 Sweden real-time payments market, by enterprise size, 2016 - 2028
- 9.3.9.5 Sweden real-time payments market, by end-use industry, 2016 - 2028
- 9.4 Asia Pacific
- 9.4.1 Asia pacific real-time payments market, by payments type, 2016 - 2028
- 9.4.2 Asia pacific real-time payments market, by component, 2016 - 2028
- 9.4.3 Asia pacific real-time payments market, by deployment, 2016 - 2028
- 9.4.4 Asia pacific real-time payments market, by enterprise size, 2016 - 2028
- 9.4.5 Asia pacific real-time payments market, by end-use industry, 2016 - 2028
- 9.4.6 China
- 9.4.6.1 China real-time payments market, by payments type, 2016 - 2028
- 9.4.6.2 China real-time payments market, by component, 2016 - 2028
- 9.4.6.3 China real-time payments market, by deployment, 2016 - 2028
- 9.4.6.4 China real-time payments market, by enterprise size, 2016 - 2028
- 9.4.6.5 China real-time payments market, by end-use industry, 2016 - 2028
- 9.4.7 India
- 9.4.7.1 India real-time payments market, by payments type, 2016 - 2028
- 9.4.7.2 India real-time payments market, by component, 2016 - 2028
- 9.4.7.3 India real-time payments market, by deployment, 2016 - 2028
- 9.4.7.4 India real-time payments market, by enterprise size, 2016 - 2028
- 9.4.7.5 India real-time payments market, by end-use industry, 2016 - 2028
- 9.4.8 Japan
- 9.4.8.1 Japan real-time payments market, by payments type, 2016 - 2028
- 9.4.8.2 Japan real-time payments market, by component, 2016 - 2028
- 9.4.8.3 Japan real-time payments market, by deployment, 2016 - 2028
- 9.4.8.4 Japan real-time payments market, by enterprise size, 2016 - 2028
- 9.4.8.5 Japan real-time payments market, by end-use industry, 2016 - 2028
- 9.4.9 SINGAPORE
- 9.4.9.1 Singapore real-time payments market, by payments type, 2016 - 2028
- 9.4.9.2 Singapore real-time payments market, by component, 2016 - 2028
- 9.4.9.3 Singapore real-time payments market, by deployment, 2016 - 2028
- 9.4.9.4 Singapore real-time payments market, by enterprise size, 2016 - 2028
- 9.4.9.5 Singapore real-time payments market, by end-use industry, 2016 - 2028
- 9.5 SOUTH AMERICA
- 9.5.1 South America real-time payments market, by payment type, 2016 - 2028
- 9.5.2 South America real-time payments market, by component, 2016 - 2028
- 9.5.3 South America real-time payments market, by deployment, 2016 - 2028
- 9.5.4 South America real-time payments market, by enterprise size, 2016 - 2028
- 9.5.5 South America real-time payments market, by end-use industry, 2016 - 2028
- 9.5.6 Brazil
- 9.5.6.1 Brazil real-time payments market, by payment type, 2016 - 2028
- 9.5.6.2 Brazil real-time payments market, by component, 2016 - 2028
- 9.5.6.3 Brazil real-time payments market, by deployment, 2016 - 2028
- 9.5.6.4 Brazil real-time payments market, by enterprise size, 2016 - 2028
- 9.5.6.5 Brazil real-time payments market, by end-use industry, 2016 - 2028
- 9.5.7 ARGENTINA
- 9.5.7.1 Argentina real-time payments market, by payment type, 2016 - 2028
- 9.5.7.2 Argentina real-time payments market, by component, 2016 - 2028
- 9.5.7.3 Argentina real-time payments market, by deployment, 2016 - 2028
- 9.5.7.4 Argentina real-time payments market, by enterprise size, 2016 - 2028
- 9.5.7.5 Argentina real-time payments market, by end-use industry, 2016 - 2028
- 9.6 MEA
- 9.6.1 MEA real-time payments market, by payment type, 2016 - 2028
- 9.6.2 MEA real-time payments market, by component, 2016 - 2028
- 9.6.3 MEA real-time payments market, by deployment, 2016 - 2028
- 9.6.4 MEA real-time payments market, by enterprise size, 2016 - 2028
- 9.6.5 MEA real-time payments market, by end-use industry, 2016 - 2028
Chapter 10 Competitive Landscape
- 10.1 ACI Worldwide, Inc.
- 10.1.1 Company overview
- 10.1.2 Financial performance
- 10.1.3 Product benchmarking
- 10.1.4 Strategic initiatives
- 10.2 Fidelity National Information Services, Inc.
- 10.2.1 Company overview
- 10.2.2 Financial performance
- 10.2.3 Product benchmarking
- 10.2.4 Strategic initiatives
- 10.3 Finastra
- 10.3.1 Company overview
- 10.3.2 Financial performance
- 10.3.3 Product benchmarking
- 10.3.4 Strategic initiatives
- 10.4 Fiserv, Inc.
- 10.4.1 Company overview
- 10.4.2 Financial performance
- 10.4.3 Product benchmarking
- 10.4.4 Strategic initiatives
- 10.5 Mastercard Incorporated
- 10.5.1 Company overview
- 10.5.2 Financial performance
- 10.5.3 Product benchmarking
- 10.5.4 Strategic initiatives
- 10.6 Montran Corporation
- 10.6.1 Company overview
- 10.6.2 Product benchmarking
- 10.7 PayPal Holdings, Inc.
- 10.7.1 Company overview
- 10.7.2 Financial performance
- 10.7.3 Product benchmarking
- 10.7.4 Strategic initiatives
- 10.8 Temenos AG
- 10.8.1 Company overview
- 10.8.2 Financial performance
- 10.8.3 Product benchmarking
- 10.8.4 Strategic initiatives
- 10.9 Visa Inc.
- 10.9.1 Company overview
- 10.9.2 Financial performance
- 10.9.3 Product benchmarking
- 10.9.4 Strategic initiatives
- 10.10 Volante Technologies Inc.
- 10.10.1 Company overview
- 10.10.2 Product benchmarking
- 10.10.3 Recent Developments
- 10.11 Wirecard AG
- 10.11.1 Company overview
- 10.11.2 Financial performance
- 10.11.3 Product benchmarking
- 10.11.4 Strategic initiatives
- 10.12 Worldpay, Inc.
- 10.12.1 Company overview
- 10.12.2 Financial performance
- 10.12.3 Product benchmarking
- 10.12.4 Strategic initiatives
- 10.13 List of Prominent Players.
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