Payment Processor Market Report: Trends, Forecast and Competitive Analysis to 2030

Payment Processor Market Report: Trends, Forecast and Competitive Analysis to 2030

Payment Processor Trends and Forecast

The future of the global payment processor market looks promising with opportunities in the IT & telecom, BFSI, healthcare, government & utilities, retail & e-commerce, travel & hospitality, and media & entertainment markets. The global payment processor market is expected to reach an estimated $178.5 billion by 2030 with a CAGR of 8.2% from 2024 to 2030. The major drivers for this market are growing global internet penetration combined with smartphone adoption, increasing advances in technology in APIs, and rising acceptance of credit and debit cards for online and in-store payment processing.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Payment Processor by Segment

The study includes a forecast for the global payment processor by payment method, end use, component, and region.

Payment Processor Market by Payment Method [Shipment Analysis by Value from 2018 to 2030]:

• Credit Cards
• Debit Cards
• E-Wallet

Payment Processor Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• IT & Telecom
• BFSI
• Healthcare
• Government & Utilities
• Retail & E-Commerce
• Travel & Hospitality
• Media & Entertainment
• Others

Payment Processor Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Solution
• Services

Payment Processor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Payment Processor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies payment processor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the payment processor companies profiled in this report include-

• Adyen
• Alipay
• Amazon Payments
• Authorize.Net
• PayPal Holdings
• PayU
• SecurePay
• Stripe
• Apple
• Alphabet

Payment Processor Market Insights

Lucintel forecasts that credit cards will remain the largest segment over the forecast period because the card issuer creates a revolving account and gives the cardholder access to a credit line that they can use to borrow money for purchases or cash advances, as well as, the credit card users have the ability to accrue a running balance of debt that is subject to interest charges.

North America is expected to witness highest growth over the forecast period due to high rate of use of digital payment methods in the nations of North America, and increasing adoption of mobile wallets in the region.

Features of the Global Payment Processor Market

Market Size Estimates: Payment processor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Payment processor market size by payment method, end use, component, and region in terms of value ($B).

Regional Analysis: Payment processor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different payment method, end use, component, and regions for the payment processor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the payment processor market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the payment processor market size?

Answer: The global payment processor market is expected to reach an estimated $178.5 billion by 2030.

Q2. What is the growth forecast for payment processor market?

Answer: The global payment processor market is expected to grow with a CAGR of 8.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the payment processor market?

Answer: The major drivers for this market are growing global internet penetration combined with smartphone adoption, increasing advances in technology in APIs, and rising acceptance of credit and debit cards for online and in-store payment processing.

Q4. What are the major segments for payment processor market?

Answer: The future of the global payment processor market looks promising with opportunities in the IT & telecom, BFSI, healthcare, government & utilities, retail & e-commerce, travel & hospitality, and media & entertainment markets.

Q5. Who are the key payment processor market companies?

Answer: Some of the key payment processor companies are as follows:

• Adyen
• Alipay
• Amazon Payments
• Authorize.Net
• PayPal Holdings
• PayU
• SecurePay
• Stripe
• Apple
• Alphabet

Q6. Which payment processor market segment will be the largest in future?

Answer:Lucintel forecasts that credit cards will remain the largest segment over the forecast period because the card issuer creates a revolving account and gives the cardholder access to a credit line that they can use to borrow money for purchases or cash advances, as well as, the credit card users have the ability to accrue a running balance of debt that is subject to interest charges.

Q7. In payment processor market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to high rate of use of digital payment methods in the nations of North America, and increasing adoption of mobile wallets in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the payment processor market by payment method (credit cards, debit cards, and e-wallet), end use (it & telecom, bfsi, healthcare, government & utilities, retail & e-commerce, travel & hospitality, media & entertainment, and others), component (solution and services), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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