Global Digital Payment Market 2024-2028
The digital payment market is forecasted to grow by USD 330.6 bn during 2023-2028, accelerating at a CAGR of 30.44% during the forecast period. The report on the digital payment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising number of online transactions, rising deployment in emerging economies, and advantages of digital payments.
Technavio's digital payment market is segmented as below:
By End-user
By Component
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing emergence of mobile apps for shopping transactions as one of the prime reasons driving the digital payment market growth during the next few years. Also, rise in biometrics for payment and growing demand for payment wallets will lead to sizable demand in the market.
The report on the digital payment market covers the following areas:
- Digital payment market sizing
- Digital payment market forecast
- Digital payment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading digital payment market vendors that include ACI Worldwide Inc., Adyen NV, Apple Inc., Aurus Inc., Block Inc., Due Inc., Fattmerchant Inc., Fidelity National Information Services Inc., Fiserv Inc., Global Payments Inc., Intuit Inc., JPMorgan Chase and Co., Mastercard Inc., PayPal Holdings Inc., Paysafe Ltd., PayTrace Inc., Stripe Inc., VeriFone Inc., Visa Inc., WEX Inc., and Worldline SA. Also, the digital payment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.