Global Payment Services Provider Market Growth (Status and Outlook) 2023-2029

Global Payment Services Provider Market Growth (Status and Outlook) 2023-2029

Payment service providers – also known as merchant service providers or PSPs – are third parties that help merchants accept payments. Simply put, payment service providers enable merchants to accept credit/debit payments (as well as Direct Debit, bank transfer, real-time bank transfer, etc.) by connecting them to the broader financial world. They provide both a merchant account and a payment gateway, ensuring that businesses can collect and manage their payments in a simple and efficient way.
LPI (LP Information)' newest research report, the “Payment Services Provider Industry Forecast” looks at past sales and reviews total world Payment Services Provider sales in 2022, providing a comprehensive analysis by region and market sector of projected Payment Services Provider sales for 2023 through 2029. With Payment Services Provider sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Payment Services Provider industry.
This Insight Report provides a comprehensive analysis of the global Payment Services Provider landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Payment Services Provider portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Payment Services Provider market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Payment Services Provider and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Payment Services Provider.
The global Payment Services Provider market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
In Europe market，Payment Services Provider key players include Worldline, FIS (Worldpay), PayPal, etc. Top 3 manufacturers hold a share over 40%.
In terms of product, Online Payment is the largest segment, with a share over 63%. And in terms of application, the largest application is E-commerce.
This report presents a comprehensive overview, market shares, and growth opportunities of Payment Services Provider market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Online Payment
Offline Payment
Segmentation by application
E-commerce
Retail
Hospitality
Utilities and Telecommunication
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Worldline
FIS (Worldpay)
PayPal
Stripe
Apple Pay
Mastercard
Amazon Payments
Nexi Payments SpA
Arvato
Poste Italiane
Paysafe Group
Adyen
SIBS
Shopify
Lyra Network
Vodafone Wallet
Axepta SpA
TWINT
Paylib
MobilePay
Tesco Pay+
Paym

Please note: The report will take approximately 2 business days to prepare and deliver.