The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.
The Digital Payments by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Digital Payments Market:
https://www.thebusinessresearchcompany.com/report/digital-payments-global-market-report
According to The Business Research Company’s Digital Payments, The digital payments market size has grown strongly in recent years. It will grow from $115.93 billion in 2023 to $126.47 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increased internet penetration, government initiatives in developing economies, rising penetration of e-commerce and increased availability of mobile devices.The digital payments market size is expected to see strong growth in the next few years. It will grow to $180.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
Quick onboarding and ease of use are expected to drive the digital payment market. Individuals seek flexibility, transparency, and seamless onboarding processes. They are increasingly drawn to methods that offer frictionless experiences, prompting software innovators like Square and PayPal to utilize automation to reduce onboarding times to just a few minutes. Digital payments are significantly simpler to use compared to traditional methods, requiring only a bank account or phone number and a smartphone with internet access. For example, recent data from Taiwan’s government indicates that out of a population of approximately 23 million, nearly 10 million individuals are mobile payment users. The ease of adoption leads to a higher number of users, thereby contributing to the growth of the digital payments market.
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The digital payments market covered in this report is segmented –
1) By Mode Of Payment: Point Of Sale, Online Sale
2) By End-User Industry: Retail, Banking And Financial Service, Telecommunication, Government, Transportation, Others
3) By Deployment: Cloud, On-Premise
4) By Enterprise: Large Enterprises, Small And Medium Enterprises
Top Major Players
Paypal Holdings Inc.,
Ant Group,
Amazon.com, Inc.,
Visa Inc.,
Apple Inc.
The digital payments market report table of contents includes:
1. Executive Summary
- Digital Payments Market Characteristics
- Digital Payments Market Trends And Strategies
- Digital Payments Market – Macro Economic Scenario
- Global Digital Payments Market Size and Growth
- Digital Payments Market Segmentation
- Digital Payments Market Regional And Country Analysis
…………
- Key Mergers And Acquisitions In The Digital Payments Market
- Digital Payments Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Digital Payments Market, Segmentation By Mode Of Payment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Digital Payments Market, Segmentation By Enterprise, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Digital Payments Market, Segmentation By End-User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………………
Table 74: Paypal Holdings Inc. Financial Performance
Table 75: Ant Group Financial Performance
Table 76: Amazon.com, Inc. Financial Performance
Table 77: Visa Inc. Financial Performance
Table 78: Apple Inc. Financial Performance
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