Authored By: Sarah
14 Dec 2021

Digital Payment Market | Market Highlights and Insights to Recovery from COVID-19
Market Segments and Growth Analysis 2022-2026

Global digital payment market will post an incremental growth of $ 85.12 bn and decelerate at a CAGR of  17.41% during the forecast period. Our research report segments the market into major segments and the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Digital Payment Market: Segments and Leading  Regions

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The report segments the market by Component (solutions and services) and Geography (APAC, North America, Europe, South America, and MEA). Each market segment is analyzed for past performance leading to future growth projections based on current market scenario.
  • In terms of geographic segmentation we found that 34% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Digital Payment Market size.

Digital Payment Market Size to Grow by $ 85.12 bn through 2022-2026 | Leading Segments and Market Trends

Digital Payment Market: Top Trends, Drivers, Challenges to drive Market Recovery

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • Rising number of online transactions will be a significant factor in driving the growth of the Digital Payment Market.
  • Rising deployment in emerging economies will be instrumental in driving the market growth during the forecast period.
  • Privacy and security concerns is a hurdle that needs to be crossed on the path to success.

Digital Payment Market: Vendor Analysis

  • The market is fragmented.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • ACI Worldwide Inc., Fidelity National Information Services Inc., Fiserv Inc., Global Payments Inc., JPMorgan Chase and Co., Mastercard Inc., PayPal Holdings Inc., Square Inc., Visa Inc., and WEX Inc. are some of the major market participants.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is decelerate at a CAGR of 17.41%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 85.12 bn through 2022-2026.

     
  3. What is a key factor driving this market?
    Rising number of online transactions will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    34% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are ACI Worldwide Inc., Fidelity National Information Services Inc., Fiserv Inc., Global Payments Inc., JPMorgan Chase and Co., Mastercard Inc., PayPal Holdings Inc., Square Inc., Visa Inc., and WEX Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Component (solutions and services) and Geography (APAC, North America, Europe, South America, and MEA)
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