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ePayment System Market - Global Industry Analysis

ePayment System Market - By Type (Services and Software Platforms), By Application (eCommerce, Grocery, Supermarket, and Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 29-Sep-2020 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3105 Status : Published

Global demand for ePayment System Market was valued at approximately USD 10 Billion in 2019 and is expected to generate revenue of around USD 35.25 Billion by end of 2026, growing at a CAGR of around 17.5% between 2020 and 2026.

Description

Global demand for ePayment System Market was valued at approximately USD 10 Billion in 2019 and is expected to generate revenue of around USD 35.25 Billion by end of 2026, growing at a CAGR of around 17.5% between 2020 and 2026. The report offers valuation and analysis of ePayment System market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

An electronic payment system is the way of carrying out financial transactions or is a method of paying for goods & services through electronic media in a cashless manner or without issuing cheque. It is also referred or abbreviated as ePayment system or digital payment system.  The ePayment system is classified into e-credit payment system and e-Cash payment system.

Furthermore, technological breakthroughs like machine learning, robotic process automation, AI, and distributed ledger systems can help in reducing the transactional as well as operational costs of ePayment system and will further result in the geometric progression of the market both in terms of value and volume over the years ahead.

Global EPayment System Market

Market Growth Dynamics

Escalating popularity of eCommerce as well as digital commerce activities along with acceptance of alternate methods of payments is likely to define the growth of ePayment system industry over the forecast timespan. Reportedly, debit cards are not allowed for online financial transactions in most of the countries and credit card utilization differs remarkably country wise and this is going to generate high preference for online payments. Such aspects will create lucrative growth avenues for the market over the years to come. Apparently, digital checkout services as well as new payment solutions have attributed remarkably towards trends of payment business towards electronification, thereby steering business space. In addition to this, development of digital commerce ecosystems has offered new growth opportunities for B2B payments, thereby paving way for the expansion of ePayment system business in the foreseeable future.

Furthermore, with surge in the electronic transactions contributing heftily towards total revenue of many of the emerging as well as developed countries, the market for ePayment system is anticipated to gain traction over the years ahead. With a steep rise in the smartphone penetration across the globe, m-commerce transactions like mobile browser payments & in-app payments have become the focal to the growth of digital commerce market. Such breakthroughs in the consumer electronics industry will enable the ePayment system industry to reach scalable heights of growth in the coming decade. Growing inclination towards online shopping and enhancements in the internet bandwidth & speed facilitating instantaneous online banking activities will open new horizons of growth for the market during the forecast timespan. Moreover, cross border payments sector has reached its highest peak of growth with trade and regional banks contributing majorly towards the cross-border payment flow and this will further optimize the progression of ePayment system industry in the years ahead. Transaction banking activities will contribute lucratively towards the geometric increase of ePayment system market earnings within the next couple of years.

North American Market To Witness Astounding Growth Over Forecast Timespan

The prolific growth of the ePayment system business in the sub-continent can be credited to rise in the use of mobile wallets in the countries like the U.S. and Canada. Reportedly, in the countries like the U.S., young persons are making maximum use of in-apps and online payment options to make payments. For the record, half of the financial transactions in North America are carried out electronically and this will further drive the regional market trends over the forthcoming years. Strong presence of NFC infrastructure in the countries like the U.S. will further augment the regional market growth in the years to come.

Key players influencing the market growth are Philips,Braintree, Bluefin Payment Systems, Elavon, Cybersource, LVX System, Ingenico ePayments, Nakagawa Labs, Geobridge Corporation, VLNComm, Index, General Electric, Shift4 Corporation, Intelligent Payments, TNS Tokenex pureLiFi, Sisa Information Security Signifyd, Oledcomm, Velmenni, Wipro, and LightPointe Communications.

The global ePayment system market is segmented as follows:

By type:

  • Software Platforms
  • Services

By application:

  • eCommerce
  • Grocery
  • Supermarket
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. EPayment System Market, 2016–2026 (USD Billion)
    • 2.2. EPayment System Market: Snapshot
  • Chapter 3. Global EPayment System Market– Industry Analysis
    • 3.1. EPayment System Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Digital checkout services as well as new payment sulutions have attributed remarkably towards trends of payment business towards electronification, thereby steering business space.
      • 3.2.2. Development of digital commerce ecosystems has offered new growth opportunities for B2B payments and this, in turn, will drive the expansion of ePayment system business in the foreseeable future.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Type
      • 3.4.2. Market attractiveness analysis By Application
  • Chapter 4. Global EPayment System Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global EPayment System Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global EPayment System Market– Type Analysis
    • 5.1. Global EPayment System Market overview: By Type
      • 5.1.1. Global EPayment System Market share, By Type , 2019 and 2026
    • 5.2. Services
      • 5.2.1. Global EPayment System Market By Services , 2016–2026 (USD Billion)
    • 5.3. Software Platforms
      • 5.3.1. Global EPayment System Market By Software Platforms, 2016–2026 (USD Billion)
  • Chapter 6. Global EPayment System Market– Application Analysis
    • 6.1. Global EPayment System Market overview: By Application
      • 6.1.1. Global EPayment System Market share, By Application , 2019 and 2026
    • 6.2. ECommerce
      • 6.2.1. Global EPayment System Market By ECommerce , 2016–2026 (USD Billion)
    • 6.3. Grocery
      • 6.3.1. Global EPayment System Market By Grocery, 2016–2026 (USD Billion)
    • 6.4. Supermarket
      • 6.4.1. Global EPayment System Market By Supermarket, 2016–2026 (USD Billion)
    • 6.5. Others
      • 6.5.1. Global EPayment System Market By Others, 2016–2026 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Braintree
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Bluefin Payment Systems
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Elavon
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Cybersource
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Ingenico ePayments
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Geobridge Corporation
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Index
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. Shift4 Corporation
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Intelligent Payments
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. TNS Tokenex pureLiFi
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development
    • 7.11. Sisa Information Security Signifyd
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Product Portfolio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Development
    • 7.12. Oledcomm
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Product Portfolio
      • 7.12.4. Business Strategy
      • 7.12.5. Recent Development
    • 7.13. Velmenni
      • 7.13.1. Overview
      • 7.13.2. Financials
      • 7.13.3. Product Portfolio
      • 7.13.4. Business Strategy
      • 7.13.5. Recent Development
    • 7.14. VLNComm
      • 7.14.1. Overview
      • 7.14.2. Financials
      • 7.14.3. Product Portfolio
      • 7.14.4. Business Strategy
      • 7.14.5. Recent Development
    • 7.15. Philips
      • 7.15.1. Overview
      • 7.15.2. Financials
      • 7.15.3. Product Portfolio
      • 7.15.4. Business Strategy
      • 7.15.5. Recent Development
    • 7.16. General Electric
      • 7.16.1. Overview
      • 7.16.2. Financials
      • 7.16.3. Product Portfolio
      • 7.16.4. Business Strategy
      • 7.16.5. Recent Development
    • 7.17. Wipro
      • 7.17.1. Overview
      • 7.17.2. Financials
      • 7.17.3. Product Portfolio
      • 7.17.4. Business Strategy
      • 7.17.5. Recent Development
    • 7.18. Nakagawa Labs
      • 7.18.1. Overview
      • 7.18.2. Financials
      • 7.18.3. Product Portfolio
      • 7.18.4. Business Strategy
      • 7.18.5. Recent Development
    • 7.19. LVX System
      • 7.19.1. Overview
      • 7.19.2. Financials
      • 7.19.3. Product Portfolio
      • 7.19.4. Business Strategy
      • 7.19.5. Recent Development
    • 7.20. LightPointe Communications
      • 7.20.1. Overview
      • 7.20.2. Financials
      • 7.20.3. Product Portfolio
      • 7.20.4. Business Strategy
      • 7.20.5. Recent Development

List of Figures

1. Market research process
2. Market research methodology
3. Global EPayment System Market, 2016–2026 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global EPayment System Market attractiveness, By Type  
6. Global EPayment System Market attractiveness, By Application  
7. Global EPayment System MarketShare by Type, 2019 and 2026 (USD Billion)
8. Global EPayment System Market By Services ,2016–2026 (USD Billion)
9. Global EPayment System Market By Software Platforms ,2016–2026 (USD Billion)
10. Global EPayment System Market Share By Application  ,2019 and 2026 (USD Billion)
11. Global EPayment System Market By ECommerce  ,2016–2026 (USD Billion)
12. Global EPayment System Market, By Grocery, 2016–2026 (USD Billion)
13. Global EPayment System Market, By Supermarket, 2016–2026 (USD Billion) Global EPayment System Market, By Others, 2016–2026 (USD Billion)
14. Global EPayment System Market Share, by Region, 2019 and 2026
15. North America EPayment System Market, 2016–2026 (USD Billion)
16. Europe EPayment System Market, 2016–2026 (USD Billion)
17. Asia Pacific EPayment System Market, 2016–2026 (USD Billion)
18. Latin America EPayment System Market, 2016–2026 (USD Billion)
19. The Middle East and Africa EPayment System Market, 2016–2026 (USD Billion)


List of Tables

1. Global EPayment System Market: snapshot
2. Drivers of the EPayment System Market: impact analysis
3. North America EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
4. North America EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
5. The U.S. EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
6. The U.S. EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
7. Rest of North America EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
8. Rest of North America EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
9. Europe EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
10. Europe EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
11. UK EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
12. UK EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
13. France EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
14. France EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
15. Germany EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
16. Germany EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
17. Rest of Europe EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
18. Rest of Europe EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
19. Asia Pacific EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
20. Asia Pacific EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
21. China EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
22. China EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
23. Japan EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
24. Japan EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
25. India EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
26. India EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
27. Rest of Asia Pacific EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
28. Rest of Asia Pacific EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
29. Latin America EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
30. Latin America EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
31. Brazil EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
32. Brazil EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
33. Rest of Latin America EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
34. Rest of Latin America EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
35. The Middle East and Africa EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
36. The Middle East and Africa EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
37. Saudi Arabia EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
38. Saudi Arabia EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
39. South Africa EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
40. South Africa EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)
41. Rest of the Middle East & Africa EPayment System Market revenue, By Type  , 2016–2026 (USD Billion)
42. Rest of the Middle East & Africa EPayment System Market revenue, By Application  , 2016–2026 (USD Billion)


 
 

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FrequentlyAsked Questions

Escalating popularity of eCommerce as well as digital commerce activities along with acceptance of alternate methods of payments is likely to define the growth of ePayment system industry over the forecast timespan. Reportedly, debit cards are not allowed for online financial transactions in most of the countries and credit card utilization differs remarkably country wise and this is going to generate high preference for online payments. Such aspects will create lucrative growth avenues for the market over the years to come.

According to Zion Market Research report, the global demand for EPayment System Market was valued at approximately USD 10 Billion in 2019 and is expected to generate revenue of around USD 35.25 Billion by end of 2026, growing at a CAGR of around 17.5% between 2020 and 2026.

North America is likely to make noteworthy contributions towards overall market revenue. The growth of the industry in the sub-continent over the estimated timespan and its contributions to the overall market earnings can be attributed to rise in the use of mobile wallets in the countries like the U.S. and Canada. Reportedly, in the countries like the U.S., young persons are making maximum use of in-apps and online payment options to make payments. For the record, half of the financial transactions in North America are carried out electronically and this will further drive the regional market trends over the forthcoming years.

The key players profiled in the report include Philips,Braintree, Bluefin Payment Systems, Elavon, Cybersource, LVX System, Ingenico ePayments, Nakagawa Labs, Geobridge Corporation, VLNComm, Index, General Electric, Shift4 Corporation, Intelligent Payments, TNS Tokenex pureLiFi, Sisa Information Security Signifyd, Oledcomm, Velmenni, Wipro, and LightPointe Communications. With the market being highly fragmented and new players entering the market, the market is likely to be highly competitive and hence the existing players are focusing on technological innovations with a view to enhance their market share as well as retain their positions in the market.

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