Global Payment as A Service Market 2024-2028
Payment As A Service Market 2024-2028
The payment as a service market is forecasted to grow by USD 10.4 mn during 2023-2028, accelerating at a CAGR of 17% during the forecast period. The report on the payment as a service 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 high adoption of contactless payment solutions, high explosion of smartphones, and worldwide initiatives for promotion of payments services.
Technavio's payment as a service market is segmented as below:
By Application
- Retail
- Healthcare
- Hospitality
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the rise in mobile biometrics for payment as one of the prime reasons driving the payment as a service market growth during the next few years. Also, rising need to provide better customer experience and adoption of multi-factor authentication will lead to sizable demand in the market.
The report on the payment as a service market covers the following areas:
- Payment As A Service Market sizing
- Payment As A Service Market forecast
- Payment As A Service 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 payment as a service market vendors that include ABOUT-PAYMENTS.com B.V., Agilysys Inc., Alphabet Inc., Aurus Inc., BlueSnap Inc., Fidelity National Information Services Inc., First American Payment Systems L.P., First Data Corp., Helcim Inc., Ingenico Group SA, MTACC Ltd., PayPal Holdings Inc., Paysafe Ltd., Paystand Inc., PPRO Financial Ltd., Stripe Inc., Thales Group, Total System Services LLC, Valitor, and VeriFone Inc.. Also, the payment as a service 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 primary and secondary research. 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 accurate market growth.