Digital Payments Market Analysis and Forecast, 2023-2030

Digital Payments Market Analysis and Forecast, 2023-2030

Summary

The digital payment market by transaction value will be $2,476.8 trillion and by transaction volume will be 2,135.9 trillion in 2023 and is expected to grow at a CAGR of more than 14.3% and 14.92% respectively over the forecast period (2023-2030). The digital payment market report provides an executive-level overview of the digital payments industry worldwide today, with detailed forecasts of key indicators up to 2030.

This market intelligence report offers a thorough, forward-looking analysis of the global digital payments market by mode of payment, industry, region, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.

The global digital payments market size reached $2,476.8 trillion in 2023 in terms of transaction value, according to a new report by GlobalData Plc. The adoption of digital payments will be supported by high level of convenience offered as they allow users to make transactions quickly and easily from anywhere at any time. They eliminate the need for physical cash or checks, which can be inconvenient and time-consuming to handle.

Scope

• This report provides overview and service addressable market for Digital Payments
• It identifies the key trends impacting growth of the market over the next 12 to 24 months.
• It includes global market forecasts for the Digital Payments industry and analysis of Venture financing, jobs, social media, patents, company filings, and M&A trends.
• The detailed value chain consists of four main aspects: Mode of Payment and Industry

Reasons to Buy

• This market intelligence report offers a thorough, forward-looking analysis of the global digital payments market by mode of payment, industry, region, and key opportunities in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in digital payments market.
• Detailed segmentation by mode of payment - digital wallet, credit card, debit card, online banking, others. Further, the report also highlights segmentation at end use industry level - retail, hospitality, entertainment, healthcare, others.
• The report includes 80+ charts and tables providing in-depth analysis of the market size, forecast and supporting factors which are tailor-made for an executive-level audience, with enhanced presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in digital payment markets.
• The competitive section of the report helps in identifying the flagbearers, experimenters, contenders, and specialists based on their growth and innovation performance in the digital payment industry which will help stakeholders analyse competition penetration.
• The broad perspective of the report coupled with comprehensive, actionable detail will help mining sector stakeholders, service providers, and other digital payment players succeed in growing the digital payment market globally.