Digital Payment Market: Cryptocurrency Integration and Market Impact


Posted January 3, 2024 by mayurikathade

The Digital Payment Market size was valued at USD 92.67 Billion in 2023 and the total Digital Payment revenue is expected to grow at a CAGR of 14.89% from 2024 to 2030, reaching nearly USD 244.86 Billion by 2030.
 
Extensive Digital Payment Market Evaluation:

This comprehensive report delves into an extensive analysis of the current revenue metrics and dynamic trends shaping the Digital Payment market. Offering a holistic perspective of the "Digital Payment Market," it includes a detailed exploration of its definition, market framework, and proactive managerial approaches. Vital elements impacting the Digital Payment Market, such as gross margin, expenses, market share, capacity utilization, and supply dynamics, are thoroughly examined. Additionally, the report furnishes invaluable insights into the potential growth trajectory of the Digital Payment Market in the forthcoming years. Employing standardized themes for a market overview while incorporating tailored data to address specific informational requirements, this all-encompassing review serves as an indispensable tool for making well-informed decisions regarding market entry and gaining a profound comprehension of the industry's landscape.

Analyzing the Expansion and Assessment of the Digital Payment Market:

The Digital Payment Market size was valued at USD 92.67 Billion in 2023 and the total Digital Payment revenue is expected to grow at a CAGR of 14.89% from 2024 to 2030, reaching nearly USD 244.86 Billion by 2030.

Visit the research report's summary to learn more about the market analysis :

Coverage of the Digital Payment Market:

The analysis of the Digital Payment market encompasses various factors, including Digital Payment Market, providing a nuanced comprehension of its dynamics. Evaluating the growth paths of these distinct segments empowers clients to grasp the primary drivers behind market expansion and devise strategies to effectively target key application areas. This report meticulously assesses the Digital Payment market, offering crucial insights, factual data, and industry-validated statistics. Employing a meticulous bottom-up approach to ascertain the overall size of the Digital Payment Market, the assessment considers the revenue generated by key companies and their market offerings. This rigorous approach ensures a dependable evaluation of the market's magnitude.

Digital Payment Market Divisibility :

by Component

Solution
Service

In 2023, the on-premise category held a dominant market share of around 65.0% of worldwide revenue, based on deployment. Businesses that use on-premises digital payment solutions have total control over their applications and systems, which is easily managed by their IT staff. Additionally, businesses use in-house digital payment solutions to safeguard their applications and systems from malicious attacks. For instance, in November 2019, Microsoft and ACI Global announced their alliance. The partnership provided cheaper long-term capital expenditure and increased security for ACI Worldwide's on-premises clients.

by Deployment

Cloud
On-premise

by Vertical

BFSI
Media & Entertainment
IT & Telecommunication
Hospitality
Healthcare

End-user revenue-wise, the BFSI sector led the market in 2023, accounting for over 23% of worldwide revenue. Remittance expansion to low- and middle-income countries is expected to be one of the main drivers of new market development opportunities throughout the projection period. Banks are also improving their ability to compete with companies like Google, Amazon, and Facebook that provide digital payment solutions. To make things simpler for its customers, Bank of America, for instance, introduced a digital debit card in June 2019.

Digital Payment Market Principal Entities

North America: 1. Total System Services, Inc. 2. PayPal Holdings Inc 3. ACI Worldwide Inc 4. Dwolla 5. FattMerchant 6. FIS and Fiserv 7. Intuit 8. JPMorgan Chase 9. Square 10. Stripe 11. Visa and Mastercard Europe: 1. Wirecard AG. 2. Novetti Group Limited 3. Adyen N.V. 4. Aurus 5. Worldline 6. Checkout Asia Pacific: 1. Lianta Payments 2. Alipay 3. PayU

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Geographical Analysis of the Digital Payment Market:

This report incorporates Regional Insights to foster a comprehensive understanding of the Digital Payment industry on a regional scale. Rigorous investigations span various regions, offering detailed, high-resolution analyses. The Digital Payment Market research provides market participants with precise knowledge, empowering effective competition through assessments of growth, sales, and other pivotal factors vis-à-vis top competitors. Furthermore, the regional section of the research accentuates key market influencers and scrutinizes the impact of regulatory changes on current and future trends. This holistic approach facilitates a thorough assessment of regional aspects that distinctly shape the Digital Payment market.

Section Heading: Digital Payment Industry

Part 01: Executive Summary

Part 02: Scope of the Digital Payment Market Report

Part 03: Digital Payment Market Landscape

Part 04: Digital Payment Market Sizing

Part 05: Digital Payment Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key Aspects Addressed in the Report:

This comprehensive report addresses pivotal queries essential for a robust understanding of the Digital Payment Market:

How is the competitive landscape defined within the Digital Payment market?
Which region dominates the Digital Payment Market in terms of market share?
What opportunities exist within the Digital Payment Market?
Which factors drive or impede Digital Payment market growth?
Who are the key players in the Digital Payment market?
Important services:

This report offers comprehensive insights and analyses, including:

Market Share, Size, and Revenue Forecast Market Dynamics encompassing Growth Drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: An in-depth analysis by Digital Payment
Industry Landscape featuring leading key players and other prominent contributors.
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Issued By mayurikathade
Country India
Categories Advertising
Tags digital payment market digital payment market digital payment industry digital payment market size digital payment market share digital payment market
Last Updated January 3, 2024