The Payment Processing Solutions Global Market Report 2023, provides comprehensive information on the Payment Processing Solutions market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Payment Processing Solutions Global Market Report 2023, the global payment processing solutions market size is expected to grow from $90.42 billion in 2022 to $104.55 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The payment processing solutions market is expected to grow to $187.21 billion in 2027 at a CAGR of 15.7%.
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The Payment Processing Solutions market is segmented:
1) By Payment Method: eWallet, Credit card, Debit card, Automatic clearing house, Other Methods
2) By Deployment Type: On-premises, Cloud-based
3) By Vertical: Banking, Financial Services, and Insurance (BFSI), Government and Utilities, Telecom and IT, Healthcare, Real Estate, Retail and eCommerce, Media and Entertainment, Travel and Hospitality, Other Verticals
Asia-Pacific was the largest region in the Payment Processing Solutions market in 2022.
The table of contents in TBRC’s Payment Processing Solutions market report includes:
- Executive Summary
- Payment Processing Solutions Market Characteristics
- Payment Processing Solutions Market Trends And Strategies
- Payment Processing Solutions Market – Macro Economic Scenario
- Payment Processing Solutions Market Size And Growth
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- Africa Payment Processing Solutions Market
- Payment Processing Solutions Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Payment Processing Solutions Market
- Payment Processing Solutions Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- PayPal Holdings Inc
- Fiserv Inc
- Global Payments Inc
- Mastercard Incorporated
- Square Inc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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