The Real Time Payments Global Market Report 2023 by The Business Research Company, provides real time payments market overview 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-yearforecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/real-time-payments-global-market-report
According to The Business Research Company’s Real Time Payments Global Market Report 2023, the market size will grow from $21.44 billion in 2022 to $28.61 billion in 2023 at a compound annual growth rate (CAGR) of 33.4%. 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 market size of the real-time payments is expected to grow to $91.54 billion in 2027 at a CAGR of 33.7%.
market size will grow from $21.44 billion in 2022 to $28.61 billion in 2023 at a compound annual growth rate (CAGR) of 33.4%. 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 market size of the real-time payments is expected to grow to $91.54 billion in 2027 at a CAGR of 33.7%.
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The real time payments market is segmented:
1) By Component: Solutions, Services
2) By Type: Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), Others (Business-to-Government (B2G), Government-to-Business (G2B), Business-to-Business (B2B), Person-to-Government (P2G), and Government-to-Person (G2P))
3) By Enterprise Size: Small and Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Deployment: On-Premise, Cloud
5) By End Users: Retail and E-commerce, Government and Utilities, Healthcare, Telecom and IT, Travel and Hospitality, BFSI, Other End-Users
Top Major Players:
ACI Worldwide
FIS Corporation
Fiserv Inc
Mastercard Inc
Visa Inc
Asia-Pacific was the largest region in the real-time payments market in 2022.
Technological advancements have emerged as a key trend gaining popularity in the real-time payments market. Major companies operating in the real-time payments sector are focused on developing new technologies to strengthen their position in the market. For instance, in April 2022, IBM, a US-based technology corporation operating in the real-time payments market, launched a new generation mainframe with artificial intelligence technology. The new IBM z16 processor can support deep learning-based fraud detection for all transactions.
The real time payments market report table of contents includes:
1. Executive Summary
2. Real-Time Payments Market Characteristics
3. Real-Time Payments Market Trends And Strategies
4. Real-Time Payments Market – Macro Economic Scenario
5. Real-Time Payments Market Size And Growth
…………………………………………………………………..
26. Africa Real-Time Payments Market
27. Real-Time Payments Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Real-Time Payments Market
29. Real-Time Payments Market Future Outlook and Potential Analysis
30. Appendix
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