Global payment processing solutions market expected to reach around USD 68.8 billion by 2025, at a rate of 9.9% between 2019 and 2025. The growing adoption of online shopping over the last few years has led retailers to opt for digital payment processing solutions.
The report analyzes and forecasts the payment processing solutions market on a global and regional level. The study offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The assessment of payment processing solutions market dynamics gives a brief thought about the drivers and restraints of the payment processing solutions market along with their impact on the demand over the years to come. Additionally, the report also includes the study of opportunities available in the payment processing solutions market on a global level.
The report gives a transparent view of the payment processing solutions market. We have included a detailed competitive scenario and portfolio of the leading vendors operating in the payment processing solutions market. To understand the competitive landscape in the payment processing solutions market, an analysis of Porter’s Five Forces model for the payment processing solutions market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a crucial view of the payment processing solutions market by segmenting it based on the payment method, end-use industry, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.
Some noticeable players of the global payment processing solutions market are PayPal, Square, Wirecard AG, Adyen, Stripe, Global Payments, Paysafe Group, Authorize.Net, and Jack Henry & Associates.
This report segments the global payment processing solutions market into:
Global Payment Processing Solutions Market: Payment Method Analysis
Global Payment Processing Solutions Market: End-Use Industry Analysis
Global Payment Processing Solutions Market: Regional Analysis
List of Figures
1. Global Payment Processing Solutions Market Segmentation by Payment Method, End-Use Industry, and Geography
2. Global Payment Processing Solutions Market, 2016–2025(USD Billion)
3. Porter’s Five Forces Analysis
4. Global Payment Processing Solutions Market Attractiveness, by Payment Method
5. Global Payment Processing Solutions Market Attractiveness, by End-Use Industry
6. Global Payment Processing Solutions Market Attractiveness, by Region
7. Global Payment Processing Solutions Market Revenue Share, by Payment Method, 2018 and 2025
8. Global Payment Processing Solutions Market by Credit Card, 2016–2025 (USD Billion)
9. Global Payment Processing Solutions Market by Debit Card, 2016–2025 (USD Billion)
10. Global Payment Processing Solutions Market by E-Wallet, 2016–2025 (USD Billion)
11. Global Payment Processing Solutions Market by Others, 2016–2025 (USD Billion)
12. Global Payment Processing Solutions Market Revenue Share, by End-Use Industry, 2018 and 2025
13. Global Payment Processing Solutions Market by BFSI, 2016–2025 (USD Billion)
14. Global Payment Processing Solutions Market by Hospitality, 2016–2025 (USD Billion)
15. Global Payment Processing Solutions Market by Retail, 2016–2025 (USD Billion)
16. Global Payment Processing Solutions Market by IT & Telecom, 2016–2025 (USD Billion)
17. Global Payment Processing Solutions Market by Media & Entertainment, 2016–2025 (USD Billion)
18. Global Payment Processing Solutions Market by Transportation, 2016–2025 (USD Billion)
19. Global Payment Processing Solutions Market by Others, 2016–2025 (USD Billion)
20. Global Payment Processing Solutions Market Revenue Share, by Region, 2018 and 2025
21. North America Payment Processing Solutions Market, 2016–2025 (USD Billion)
22. Europe Payment Processing Solutions Market, 2016–2025 (USD Billion)
23. Asia Pacific Payment Processing Solutions Market, 2016-2025(USD Billion)
24. Latin America Payment Processing Solutions Market, 2016–2025 (USD Billion)
25. The Middle East and Africa Payment Processing Solutions Market, 2016–2025 (USD Billion)
List of Tables
1. Global Payment Processing Solutions Market snapshot
2. Drivers of the Payment Processing Solutions Market: Impact analysis
3. Restraints of the Payment Processing Solutions Market: Impact analysis
4. North America Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
5. North America Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
6. The U.S. Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
7. The U.S. Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
8. Canada Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
9. Canada Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
10. Europe Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
11. Europe Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
12. UK Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
13. UK Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
14. France Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
15. Germany Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
16. Germany Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
17. Rest of Europe Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
18. Rest of Europe Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
19. Asia Pacific Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
20. Asia Pacific Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
21. China Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
22. China Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
23. Japan Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
24. Japan Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
25. India Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
26. India Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
27. Rest of Asia Pacific Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
28. Rest of Asia Pacific Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
29. Latin America Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
30. Latin America Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
31. Brazil Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
32. Brazil Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
33. Rest of Latin America Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
34. Rest of Latin America Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
35. The Middle East and Africa Payment Processing Solutions Market Revenue, By Payment Method, 2016–2025 (USD Billion)
36. The Middle East and Africa Payment Processing Solutions Market Revenue, By End-Use Industry, 2016–2025 (USD Billion)
Payment processing solutions are widely used for various applications, such as credit card, terminals, recurring billing, and virtual terminals, for transacting on internet-based devices. The adoption of mobile commerce in the transportation sector is increasing. Car rental organizations, such as Uber and Lyft, are the major reason for this growth. Various market players, such as PayPal, are investing in car rental service provider companies. In April 2019, PayPal announced investments worth USD 500 million in Uber’s digital wallet. Thus, the payment processing solutions market will grow in the future, owing to the technological adoption in the transportation sector. Additionally, the growing adoption of online banking transactions has resulted in the increased use of developed technology in the BFSI sector. Payment processing solutions help banks and other financial institutes to modernize customer ATM experience, leverage open banking platform, etc. For instance, JP Morgan Chase invests around USD 11 billion on technology annually. These investments are bound to increase considering initiatives for digitalization across various countries. However, the lack of standardization for international transactions may have an adverse effect on market growth. Alternatively, organizations are focusing on developing payment processing solutions by using artificial intelligence to cater to various end-user requirements.
The payment processing solutions market is fragmented based on payment method and end-use industry. Based on payment method, the market includes credit card, debit card, e-wallet, and others. The e-wallet segment is estimated to grow significantly in the future, owing to the increasing smartphones adoption. On the basis of end-use industry, the payment processing solutions market is divided into BFSI, hospitality, retail, IT and telecom, media and entertainment, transportation, and others. The transportation segment is anticipated to witness considerable growth in the payment processing solutions market over the forecast time period, owing to the increasing demand for online car rental services.
The Asia Pacific region is estimated to grow substantially in the global payment processing solutions market over the forecast time span. India and China are expected to hold considerable market shares over the coming years in this region. Initiatives taken by the government for promoting the use of technology for making/receiving payments is the major contributor to the Asia Pacific payment processing solutions market. Latin America is anticipated to witness substantial growth in the payment processing solutions market over the forecast timeframe, owing to the growing demand by the Brazilian BFSI sector.
Some noticeable players of the global payment processing solutions market are PayPal, Square, Wirecard AG, Adyen, Stripe, Global Payments, Paysafe Group, Authorize.Net, and Jack Henry & Associates.
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