Emergen Research's most recent study, Global Digital Payment Market - Forecast to 2028", provides a comprehensive analysis of current and potential developments in the global keyword market. The report provides detailed information on growth factors, opportunities, lucrative business outlook, promising growth areas and estimated growth rates through 2028. In the coming years, the report The report considers both the current situation and past data. In addition, the report provides a comprehensive assessment of the factors that are likely to support or hinder market expansion in the coming years. The report is the result of extensive primary and secondary research and has been compiled with the aim of giving readers and businesses a competitive edge over their industry peers. The overall impact of the pandemic on the Digital Payment Market and its key segments is comprehensively estimated in the report. In addition, the report discusses the impact of the pandemic on different market sectors. Additionally, it provides an assessment of the current and future impact of the pandemic on the Digital Payment market. All the most reputable companies in the industry, sales and distribution channels, regional reach, market share and estimated size as well as revenue estimates for the forecast period are gathered in the report this.
The global digital payment market size is expected to reach USD 215.88 Billion at a steady CAGR of 13.3% in 2028, according to latest analysis by Emergen Research. Factors driving steady market revenue growth include rising Internet proliferation and growth of e-commerce sector. According to the International Telecommunication Union (ITU), in 2019, over 4 Billion individuals (51% of the global population) had access to the Internet, an increase of 8.1% from the previous years. Rising Internet proliferation has been pivotal in spurring growth of e-commerce sales, which in turn, is driving demand for digital payment methods such as digital wallets as a means to a secure, convenient, and fast payment method for e-commerce customers. Digital wallet enables a pleasant and improved online shopping experience by eliminating complications in checkout processes, which are the primary reasons behind shoppers abandoning their shopping carts. Additionally, digital wallets are also beneficial in enhancing customer loyalty, thereby encouraging e-commerce service providers to integrate digital wallets in their digital payments options.
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- The report closely studies the growth trajectory of the global Digital Payment market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Digital Payment market into a broad product spectrum.
- The study covers essential data related to these products application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the reports key market highlights.
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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.
On the basis of type, the market is segmented into
Offering Outlook (Revenue, USD Billion; 20182028)
- Solutions
- Payment Gateway Solutions
- Payment Wallet Solutions
- Payment Processing Solutions
- Payment Security Fraud Management Solutions
- Point of Sale Solutions
- Services
- Professional Services
- Managed Services
- Solutions
Organization Size Outlook (Revenue, USD Billion; 20182028)
- Large Enterprise
- Small Medium-sized Enterprises
Mode of Deployment Outlook (Revenue, USD Billion; 20182028)
- On-Premises
- Cloud
Elucidating the competitive landscape of the Global Digital Payment Market:
- The global Digital Payment market report offers viable insights into the competitive spectrum of the Digital Payment business sphere.
- The report systematically profiles the company information of each market player.
- It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
- The study showcases the extensive product portfolios of the prominent market contenders.
- It offers critical data information about the product application scope and the end-user landscape.
- The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures.
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Digital Payment market?
What are the key product types and applications of the Digital Payment industry?
What is the outcome of SWOT analysis and Porters Five Forces analysis?
How is the competitive landscape of the Digital Payment market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Digital Payment Market by 2027?
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