Global Payment as a Service Market to Reach $40.6 Billion by 2030
The global market for Payment as a Service estimated at US$14.1 Billion in the year 2023, is expected to reach US$40.6 Billion by 2030, growing at a CAGR of 16.3% over the period 2023-2030. Payment as a Service Platform, one of the segments analyzed in the report, is expected to record 14.8% CAGR and reach US$30.2 Billion by the end of the analysis period. Growth in the Payment as a Service Services segment is estimated at 21.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.3 Billion, While China is Forecast to Grow at 15.6% CAGR
The Payment as a Service market in the U.S. is estimated at US$4.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2030 trailing a CAGR of 15.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.3% and 13.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 11.8% CAGR.
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