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Payment Service Provider Market - Global Industry Analysis

Payment Service Provider Market by Payment Type (Customer to business, Business to business, and Customer to customer), by Payment Channel (Token system, Digital wallets, Net banking, Direct carrier billing, and Real-time payments), by Software (Payment processing solutions, Payment gateway solutions, PoS solutions, and Payment security & fraud management solutions), by Services (System integration & implementation services, Consulting services, Managed/ outsourced services, and Support & maintenance services), by End Use (Travel & booking, Healthcare, Banking, financial services & insurance (BFSI), Entertainment, Telecommunications , E-commerce, Retail, and Others):Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 02-Aug-2021 Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-5768 Status : Published

The payment service provider market accounted for USD 6.1 Billion in 2019 and is expected to reach USD 20.9 Billion by 2028, growing at a CAGR of 15.2 % from 2021 to 2028.

Description

Market Overview

The payment service provider market accounted for USD 6.1 Billion in 2019 and is expected to reach USD 20.9 Billion by 2028, growing at a CAGR of 15.2 % from 2021 to 2028.

Payment service providers also known as merchant service providers or PSPs – are third parties that help organisations or merchants accept payments. Payment service providers enable businesses to accept credit/debit payments by connecting them to the broader financial world. They provide both a merchant account and a payment gateway, ensuring that businesses in an efficient way collect and manage their payments. Payment service providers come along with high security keeping the data of both the company and customer safe and secured. The feature of transaction reporting is also available so that every transaction is reconciled efficiently.

Global Payment Service Provider Market Size

COVID-19 Impact Analysis

The COVID-19 pandemic significantly reduced the number of cash transactions globally. This has become a major opportunity as well as change for the increasing number of online payments. Due to the non- availability of other options customers adapted to the digital and contactless payment methods which in turn derive the payment service provider market. Thus, the pandemic contributed significantly towards the growth of the payment service provider market and results of which are not expected to be short term. As the pandemic continues, more and more customers as well as businesses may continue to contribute towards the market.

Global Payment Service Provider Market

Growth Factors

Several initiatives are being taken by different governments all over the world which may facilitate the growth of the payment service provider market. The increased focus and adoption on the digitization in almost every sector is contributing toward the growth on a significant level. The security and efficient features of the online payment takes over the need to stick to the traditional payment methods. As the pandemic continues, the need for contactless payments may prevail and is also expected to increase. Thus, the growth of the payment service provider market is almost necessary for the world to cope with the pandemic. Also, the rise in the online businesses, for instance the ecommerce sector, is adding towards the growth of the market.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Services Segment Analysis Preview

The managed services segment is expected to grow over the coming years. Companies want to simultaneously focus on their core businesses and thus actively look forward to serving through managed services. Managed services help in reducing the infrastructure complexity along with the operational costs, thereby providing a safe and secure infrastructure. Companies providing managed services give a complete package of solutions to its customers, thus enabling excellent customer experience management.

End Use Segment Analysis Preview

The Public Cloud segment held a share of over 43.4 % in 2019. The retail and ecommerce segment is the largest contributor towards the payment service provider market. Both the sectors offer the customers a platform for payment which is time efficient and easy to use. Customers are choosing the online payment option as it is safe and secure and in the view of pandemic, contactless as well. As more online transactions take place, it will directly contribute towards the payment service provider market. After the pandemic began, the healthcare sector is also contributing towards the market significantly as there has been an increase in spending on medicines, and other medical supplies and equipment.

Global Payment Service Provider Market Share

Regional Analysis Preview

The North America region is projected to grow at a CAGR of 26.5 % over the forecast period. North America is the biggest contributor towards the payment service provider market. The region houses a number of small and large organisations which have adopted online payments as a primary payment method and are contributing directly toward the growth of the market. The biggest payment service provider players are based in the US and thus the adoption rate of these services is also very high in the region.

The Asia pacific region is also expected to grow significantly over a period of time. Asia Pacific is the new hub for the technology driven businesses because of its high population and the developing infrastructure. The region also saw a tremendous rise in the adoption of smartphones both in the older as well as younger population. All these factors are going to contribute towards the growth of the payment service provider market in the region.

Key Market Players & Competitive Landscape

Some of the key players in the payment service provider market are ACI Worldwide, Inc., MasterCard International, Inc., Adyen, Global Payments Direct, Inc., CCBill, LLC., Discover Financial Services (Diners Club International Ltd), Stripe, Total System Services, Inc., Amazon Web Services, Inc., PayPal, Inc., among others.

These companies adopt various strategies in order to boost their presence and capitalization. For instance, Paypal has engaged in multiple partnerships and acquisitions to fight off competition from newer and bigger players entering the market. These engagements include partnerships with Mastercard / Visa, high growth digital companies, such as Uber and Instagram, as well as acquisitions of Venmo and GoPay in China.

Global Payment Service Provider Market Regional Analysis

The payment service provider market is segmented as follows: 

 By Payment Type

  • Customer To Business
  •  Business To Business
  • Customer To Customer

By Payment Channel

  • Token System
  • Digital Wallets
  • Net Banking
  • Direct Carrier Billing
  • Real-Time Payments

  By Software

  • Payment Processing Solutions
  •  Payment Gateway Solutions
  •  PoS solutions
  • Payment Security & Fraud Management Solutions

  By Services

  • System Integration & Implementation Services
  •  Consulting Services
  • Managed/Outsourced Services
  • Support & Maintenance Services

   By End Use

  • Travel & booking
  • Healthcare
  • Banking, Financial Services & Insurance (BFSI)
  • Entertainment
  •  Telecommunications
  • E-commerce
  •  Retail
  • 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 No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Payment Type
        • 2.1.1.2. Market Attractiveness Analysis, By Payment Channel
        • 2.1.1.3. Market Attractiveness Analysis, By Software
        • 2.1.1.4. Market Attractiveness Analysis, By Services
        • 2.1.1.5. Market Attractiveness Analysis, By End Use
        • 2.1.1.6. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Payment Service Provider Market, 2016 – 2020 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Payment Service Provider Market – Payment Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Payment Type, 2020 & 2028
    • 4.2. Customer to business
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Business to business
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Customer to customer
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Payment Service Provider Market – Payment Channel Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Payment Channel, 2020 & 2028
    • 5.2. Token system
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Digital wallets
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Net banking
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Direct carrier billing
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Real-time payments
      • 5.6.1. Market Size and Forecast, By Region (USD Million)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Payment Service Provider Market – Software Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Software, 2020 & 2028
    • 6.2. Payment processing sulutions
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Payment gateway sulutions
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. PoS sulutions
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Payment security & fraud management sulutions
      • 6.5.1. Market Size and Forecast, By Region (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Payment Service Provider Market – Services Segment Analysis
    • 7.1. Overview
      • 7.1.1. Market Revenue Share, By Services, 2020 & 2028
    • 7.2. System integration & implementation services
      • 7.2.1. Market Size and Forecast, By Region (USD Million)
      • 7.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.3. Consulting services
      • 7.3.1. Market Size and Forecast, By Region (USD Million)
      • 7.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.4. Managed/ outsourced services
      • 7.4.1. Market Size and Forecast, By Region (USD Million)
      • 7.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 7.5. Support & maintenance services
      • 7.5.1. Market Size and Forecast, By Region (USD Million)
      • 7.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 7.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 8 Payment Service Provider Market – End Use Segment Analysis
    • 8.1. Overview
      • 8.1.1. Market Revenue Share, By End Use , 2020 & 2028
    • 8.2. Travel & booking
      • 8.2.1. Market Size and Forecast, By Region (USD Million)
      • 8.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 8.3. Healthcare
      • 8.3.1. Market Size and Forecast, By Region (USD Million)
      • 8.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 8.4. Banking, financial services & insurance (BFSI)
      • 8.4.1. Market Size and Forecast, By Region (USD Million)
      • 8.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 8.5. Entertainment
      • 8.5.1. Market Size and Forecast, By Region (USD Million)
      • 8.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 8.6. Telecommunications
      • 8.6.1. Market Size and Forecast, By Region (USD Million)
      • 8.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 8.7. E-commerce
      • 8.7.1. Market Size and Forecast, By Region (USD Million)
      • 8.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 8.8. Retail
      • 8.8.1. Market Size and Forecast, By Region (USD Million)
      • 8.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.8.3. Key Market Trends, Growth Factors, & Opportunities
    • 8.9. Others
      • 8.9.1. Market Size and Forecast, By Region (USD Million)
      • 8.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 8.9.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 9 Payment Service Provider Market – Regional Analysis
    • 9.1. Overview
      • 9.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 9.1.2. Global Market Revenue, By Region, 2016 – 2020 (USD Million)
    • 9.2. North America
      • 9.2.1. North America Market Revenue, By Country, 2016 – 2020 (USD Million)
      • 9.2.2. North America Market Revenue, By Payment Type, 2016 – 2020
      • 9.2.3. North America Market Revenue, By Payment Channel, 2016 – 2020
      • 9.2.4. North America Market Revenue, By Software, 2016 – 2020
      • 9.2.5. North America Market Revenue, By Services, 2016 – 2020
      • 9.2.6. North America Market Revenue, By End Use , 2016 – 2020
      • 9.2.7. U.S.
        • 9.2.7.1. U.S. Market Revenue, By Payment Type, 2016 – 2020
        • 9.2.7.2. U.S. Market Revenue, By Payment Channel, 2016 – 2020
        • 9.2.7.3. U.S. Market Revenue, By Software, 2016 – 2020
        • 9.2.7.4. U.S. Market Revenue, By Services, 2016 – 2020
        • 9.2.7.5. U.S. Market Revenue, By End Use , 2016 – 2020
      • 9.2.8. Canada
        • 9.2.8.1. Canada Market Revenue, By Payment Type, 2016 – 2020
        • 9.2.8.2. Canada Market Revenue, By Payment Channel, 2016 – 2020
        • 9.2.8.3. Canada Market Revenue, By Software, 2016 – 2020
        • 9.2.8.4. Canada Market Revenue, By Services, 2016 – 2020
        • 9.2.8.5. Canada Market Revenue, By End Use , 2016 – 2020
      • 9.2.9. Mexico
        • 9.2.9.1. Mexico Market Revenue, By Payment Type, 2016 – 2020
        • 9.2.9.2. Mexico Market Revenue, By Payment Channel, 2016 – 2020
        • 9.2.9.3. Mexico Market Revenue, By Software, 2016 – 2020
        • 9.2.9.4. Mexico Market Revenue, By Services, 2016 – 2020
        • 9.2.9.5. Mexico Market Revenue, By End Use , 2016 – 2020
    • 9.3. Europe
      • 9.3.1. Europe Market Revenue, By Country, 2016 – 2020 (USD Million)
      • 9.3.2. Europe Market Revenue, By Payment Type, 2016 – 2020
      • 9.3.3. Europe Market Revenue, By Payment Channel, 2016 – 2020
      • 9.3.4. Europe Market Revenue, By Software, 2016 – 2020
      • 9.3.5. Europe Market Revenue, By Services, 2016 – 2020
      • 9.3.6. Europe Market Revenue, By End Use , 2016 – 2020
      • 9.3.7. Germany
        • 9.3.7.1. Germany Market Revenue, By Payment Type, 2016 – 2020
        • 9.3.7.2. Germany Market Revenue, By Payment Channel, 2016 – 2020
        • 9.3.7.3. Germany Market Revenue, By Software, 2016 – 2020
        • 9.3.7.4. Germany Market Revenue, By Services, 2016 – 2020
        • 9.3.7.5. Germany Market Revenue, By End Use , 2016 – 2020
      • 9.3.8. France
        • 9.3.8.1. France Market Revenue, By Payment Type, 2016 – 2020
        • 9.3.8.2. France Market Revenue, By Payment Channel, 2016 – 2020
        • 9.3.8.3. France Market Revenue, By Software, 2016 – 2020
        • 9.3.8.4. France Market Revenue, By Services, 2016 – 2020
        • 9.3.8.5. France Market Revenue, By End Use , 2016 – 2020
      • 9.3.9. U.K.
        • 9.3.9.1. U.K. Market Revenue, By Payment Type, 2016 – 2020
        • 9.3.9.2. U.K. Market Revenue, By Payment Channel, 2016 – 2020
        • 9.3.9.3. U.K. Market Revenue, By Software, 2016 – 2020
        • 9.3.9.4. U.K. Market Revenue, By Services, 2016 – 2020
        • 9.3.9.5. U.K. Market Revenue, By End Use , 2016 – 2020
      • 9.3.10. Italy
        • 9.3.10.1. Italy Market Revenue, By Payment Type, 2016 – 2020
        • 9.3.10.2. Italy Market Revenue, By Payment Channel, 2016 – 2020
        • 9.3.10.3. Italy Market Revenue, By Software, 2016 – 2020
        • 9.3.10.4. Italy Market Revenue, By Services, 2016 – 2020
        • 9.3.10.5. Italy Market Revenue, By End Use , 2016 – 2020
      • 9.3.11. Spain
        • 9.3.11.1. Spain Market Revenue, By Payment Type, 2016 – 2020
        • 9.3.11.2. Spain Market Revenue, By Payment Channel, 2016 – 2020
        • 9.3.11.3. Spain Market Revenue, By Software, 2016 – 2020
        • 9.3.11.4. Spain Market Revenue, By Services, 2016 – 2020
        • 9.3.11.5. Spain Market Revenue, By End Use , 2016 – 2020
      • 9.3.12. Rest of Europe
        • 9.3.12.1. Rest of Europe Market Revenue, By Payment Type, 2016 – 2020
        • 9.3.12.2. Rest of Europe Market Revenue, By Payment Channel, 2016 – 2020
        • 9.3.12.3. Rest of Europe Market Revenue, By Software, 2016 – 2020
        • 9.3.12.4. Rest of Europe Market Revenue, By Services, 2016 – 2020
        • 9.3.12.5. Rest of Europe Market Revenue, By End Use , 2016 – 2020
    • 9.4. Asia Pacific
      • 9.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2020 (USD Million)
      • 9.4.2. Asia Pacific Market Revenue, By Payment Type, 2016 – 2020
      • 9.4.3. Asia Pacific Market Revenue, By Payment Channel, 2016 – 2020
      • 9.4.4. Asia Pacific Market Revenue, By Software, 2016 – 2020
      • 9.4.5. Asia Pacific Market Revenue, By Services, 2016 – 2020
      • 9.4.6. Asia Pacific Market Revenue, By End Use , 2016 – 2020
      • 9.4.7. China
        • 9.4.7.1. China Market Revenue, By Payment Type, 2016 – 2020
        • 9.4.7.2. China Market Revenue, By Payment Channel, 2016 – 2020
        • 9.4.7.3. China Market Revenue, By Software, 2016 – 2020
        • 9.4.7.4. China Market Revenue, By Services, 2016 – 2020
        • 9.4.7.5. China Market Revenue, By End Use , 2016 – 2020
      • 9.4.8. Japan
        • 9.4.8.1. Japan Market Revenue, By Payment Type, 2016 – 2020
        • 9.4.8.2. Japan Market Revenue, By Payment Channel, 2016 – 2020
        • 9.4.8.3. Japan Market Revenue, By Software, 2016 – 2020
        • 9.4.8.4. Japan Market Revenue, By Services, 2016 – 2020
        • 9.4.8.5. Japan Market Revenue, By End Use , 2016 – 2020
      • 9.4.9. India
        • 9.4.9.1. India Market Revenue, By Payment Type, 2016 – 2020
        • 9.4.9.2. India Market Revenue, By Payment Channel, 2016 – 2020
        • 9.4.9.3. India Market Revenue, By Software, 2016 – 2020
        • 9.4.9.4. India Market Revenue, By Services, 2016 – 2020
        • 9.4.9.5. India Market Revenue, By End Use , 2016 – 2020
      • 9.4.10. South Korea
        • 9.4.10.1. South Korea Market Revenue, By Payment Type, 2016 – 2020
        • 9.4.10.2. South Korea Market Revenue, By Payment Channel, 2016 – 2020
        • 9.4.10.3. South Korea Market Revenue, By Software, 2016 – 2020
        • 9.4.10.4. South Korea Market Revenue, By Services, 2016 – 2020
        • 9.4.10.5. South Korea Market Revenue, By End Use , 2016 – 2020
      • 9.4.11. South-East Asia
        • 9.4.11.1. South-East Asia Market Revenue, By Payment Type, 2016 – 2020
        • 9.4.11.2. South-East Asia Market Revenue, By Payment Channel, 2016 – 2020
        • 9.4.11.3. South-East Asia Market Revenue, By Software, 2016 – 2020
        • 9.4.11.4. South-East Asia Market Revenue, By Services, 2016 – 2020
        • 9.4.11.5. South-East Asia Market Revenue, By End Use , 2016 – 2020
      • 9.4.12. Rest of Asia Pacific
        • 9.4.12.1. Rest of Asia Pacific Market Revenue, By Payment Type, 2016 – 2020
        • 9.4.12.2. Rest of Asia Pacific Market Revenue, By Payment Channel, 2016 – 2020
        • 9.4.12.3. Rest of Asia Pacific Market Revenue, By Software, 2016 – 2020
        • 9.4.12.4. Rest of Asia Pacific Market Revenue, By Services, 2016 – 2020
        • 9.4.12.5. Rest of Asia Pacific Market Revenue, By End Use , 2016 – 2020
    • 9.5. Latin America
      • 9.5.1. Latin America Market Revenue, By Country, 2016 – 2020 (USD Million)
      • 9.5.2. Latin America Market Revenue, By Payment Type, 2016 – 2020
      • 9.5.3. Latin America Market Revenue, By Payment Channel, 2016 – 2020
      • 9.5.4. Latin America Market Revenue, By Software, 2016 – 2020
      • 9.5.5. Latin America Market Revenue, By Services, 2016 – 2020
      • 9.5.6. Latin America Market Revenue, By End Use , 2016 – 2020
      • 9.5.7. Brazil
        • 9.5.7.1. Brazil Market Revenue, By Payment Type, 2016 – 2020
        • 9.5.7.2. Brazil Market Revenue, By Payment Channel, 2016 – 2020
        • 9.5.7.3. Brazil Market Revenue, By Software, 2016 – 2020
        • 9.5.7.4. Brazil Market Revenue, By Services, 2016 – 2020
        • 9.5.7.5. Brazil Market Revenue, By End Use , 2016 – 2020
      • 9.5.8. Argentina
        • 9.5.8.1. Argentina Market Revenue, By Payment Type, 2016 – 2020
        • 9.5.8.2. Argentina Market Revenue, By Payment Channel, 2016 – 2020
        • 9.5.8.3. Argentina Market Revenue, By Software, 2016 – 2020
        • 9.5.8.4. Argentina Market Revenue, By Services, 2016 – 2020
        • 9.5.8.5. Argentina Market Revenue, By End Use , 2016 – 2020
      • 9.5.9. Rest of Latin America
        • 9.5.9.1. Rest of Latin America Market Revenue, By Payment Type, 2016 – 2020
        • 9.5.9.2. Rest of Latin America Market Revenue, By Payment Channel, 2016 – 2020
        • 9.5.9.3. Rest of Latin America Market Revenue, By Software, 2016 – 2020
        • 9.5.9.4. Rest of Latin America Market Revenue, By Services, 2016 – 2020
        • 9.5.9.5. Rest of Latin America Market Revenue, By End Use , 2016 – 2020
    • 9.6. The Middle-East and Africa
      • 9.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2020 (USD Million)
      • 9.6.2. The Middle-East and Africa Market Revenue, By Payment Type, 2016 – 2020
      • 9.6.3. The Middle-East and Africa Market Revenue, By Payment Channel, 2016 – 2020
      • 9.6.4. The Middle-East and Africa Market Revenue, By Software, 2016 – 2020
      • 9.6.5. The Middle-East and Africa Market Revenue, By Services, 2016 – 2020
      • 9.6.6. The Middle-East and Africa Market Revenue, By End Use , 2016 – 2020
      • 9.6.7. GCC Countries
        • 9.6.7.1. GCC Countries Market Revenue, By Payment Type, 2016 – 2020
        • 9.6.7.2. GCC Countries Market Revenue, By Payment Channel, 2016 – 2020
        • 9.6.7.3. GCC Countries Market Revenue, By Software, 2016 – 2020
        • 9.6.7.4. GCC Countries Market Revenue, By Services, 2016 – 2020
        • 9.6.7.5. GCC Countries Market Revenue, By End Use , 2016 – 2020
      • 9.6.8. South Africa
        • 9.6.8.1. South Africa Market Revenue, By Payment Type, 2016 – 2020
        • 9.6.8.2. South Africa Market Revenue, By Payment Channel, 2016 – 2020
        • 9.6.8.3. South Africa Market Revenue, By Software, 2016 – 2020
        • 9.6.8.4. South Africa Market Revenue, By Services, 2016 – 2020
        • 9.6.8.5. South Africa Market Revenue, By End Use , 2016 – 2020
      • 9.6.9. Rest of Middle-East Africa
        • 9.6.9.1. Rest of Middle-East Africa Market Revenue, By Payment Type, 2016 – 2020
        • 9.6.9.2. Rest of Middle-East Africa Market Revenue, By Payment Channel, 2016 – 2020
        • 9.6.9.3. Rest of Middle-East Africa Market Revenue, By Software, 2016 – 2020
        • 9.6.9.4. Rest of Middle-East Africa Market Revenue, By Services, 2016 – 2020
        • 9.6.9.5. Rest of Middle-East Africa Market Revenue, By End Use , 2016 – 2020
  • Chapter No. 10 Payment Service Provider Market – Industry Analysis
    • 10.1. Introduction
    • 10.2. Market Drivers
      • 10.2.1. Driving Factor 1 Analysis
      • 10.2.2. Driving Factor 2 Analysis
    • 10.3. Market Restraints
      • 10.3.1. Restraining Factor Analysis
    • 10.4. Market Opportunities
      • 10.4.1. Market Opportunity Analysis
    • 10.5. Porter’s Five Forces Analysis
    • 10.6. PEST Analysis
    • 10.7. Regulatory Landscape
    • 10.8. Technology Landscape
    • 10.9. Regional Market Trends
      • 10.9.1. North America
      • 10.9.2. Europe
      • 10.9.3. Asia Pacific
      • 10.9.4. Latin America
      • 10.9.5. The Middle-East and Africa
    • 10.10. Pricing Analysis
    • 10.11. Value Chain Analysis
    • 10.12. Downstream Buyers
    • 10.13. Distributors/Traders List
  • Chapter No. 11 Competitive Landscape
    • 11.1. Company Market Share Analysis – 2019
      • 11.1.1. Global Payment Service Provider Market: Company Market Share, 2019
      • 11.1.2. Global Payment Service Provider Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 11.1.3. Global Payment Service Provider Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 11.1.4. Global Payment Service Provider Market: Radar Determinant Chart, 2019
    • 11.2. Strategic Developments
      • 11.2.1. Acquisitions & Mergers
      • 11.2.2. New Product Launch
      • 11.2.3. Regional Expansion
    • 11.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 12 Company Profiles
    • 12.1. ACI Worldwide, Inc.
      • 12.1.1. Company Overview
      • 12.1.2. Key Executives
      • 12.1.3. Product Portfolio
      • 12.1.4. Financial Overview
      • 12.1.5. Operating Business Segments
      • 12.1.6. Business Performance
      • 12.1.7. Recent Developments
    • 12.2. MasterCard International, Inc.
    • 12.3. Adyen
    • 12.4. Global Payments Direct, Inc.
    • 12.5. CCBill, LLC.
    • 12.6. Discover Financial Services (Diners Club International Ltd )
    • 12.7. Stripe
    • 12.8. Total System Services, Inc.
    • 12.9. Amazon Web Services, Inc.
    • 12.10. PayPal, Inc.
  • Chapter No. 13 Marketing Strategy Analysis
    • 13.1. Marketing Channel
    • 13.2. Direct Marketing
    • 13.3. Indirect Marketing
    • 13.4. Marketing Channel Development Trends
    • 13.5. Economic/Pulitical Environmental Change
  • Chapter No. 14 Research Methodology
    • 14.1. Research Methodology
    • 14.2. Phase I - Secondary Research
    • 14.3. Phase II - Data Modeling
      • 14.3.1. Company Share Analysis Model
      • 14.3.2. Revenue Based Modeling
    • 14.4. Phase III - Primary Research
    • 14.5. Research Limitations
      • 14.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Payment Type
FIG NO. 2. Market Attractiveness Analysis, By Payment Channel
FIG NO. 3. Market Attractiveness Analysis, By Software
FIG NO. 4. Market Attractiveness Analysis, By Services
FIG NO. 5. Market Attractiveness Analysis, By End Use
FIG NO. 6. Market Attractiveness Analysis, By Region
FIG NO. 7. Global Payment Service Provider Market Revenue, 2016 – 2020 (USD Million)
FIG NO. 8. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 9. Market Revenue Share, By Payment Type, 2020 & 2028
FIG NO. 10. Global Payment Service Provider Market for Customer to business, Revenue (USD Million) 2016 – 2020
FIG NO. 11. Comparative Revenue Analysis of Payment Service Provider Market for Customer to business, By Country, 2020 & 2028
FIG NO. 12. Global Payment Service Provider Market for Business to business, Revenue (USD Million) 2016 – 2020
FIG NO. 13. Comparative Revenue Analysis of Payment Service Provider Market for Business to business, By Country, 2020 & 2028
FIG NO. 14. Global Payment Service Provider Market for Customer to customer, Revenue (USD Million) 2016 – 2020
FIG NO. 15. Comparative Revenue Analysis of Payment Service Provider Market for Customer to customer, By Country, 2020 & 2028
FIG NO. 16. Market Revenue Share, By Payment Channel, 2020 & 2028
FIG NO. 17. Global Payment Service Provider Market for Token system, Revenue (USD Million) 2016 – 2020
FIG NO. 18. Comparative Revenue Analysis of Payment Service Provider Market for Token system, By Country, 2020 & 2028
FIG NO. 19. Global Payment Service Provider Market for Digital wallets, Revenue (USD Million) 2016 – 2020
FIG NO. 20. Comparative Revenue Analysis of Payment Service Provider Market for Digital wallets, By Country, 2020 & 2028
FIG NO. 21. Global Payment Service Provider Market for Net banking, Revenue (USD Million) 2016 – 2020
FIG NO. 22. Comparative Revenue Analysis of Payment Service Provider Market for Net banking, By Country, 2020 & 2028
FIG NO. 23. Global Payment Service Provider Market for Direct carrier billing, Revenue (USD Million) 2016 – 2020
FIG NO. 24. Comparative Revenue Analysis of Payment Service Provider Market for Direct carrier billing, By Country, 2020 & 2028
FIG NO. 25. Global Payment Service Provider Market for Real-time payments, Revenue (USD Million) 2016 – 2020
FIG NO. 26. Comparative Revenue Analysis of Payment Service Provider Market for Real-time payments, By Country, 2020 & 2028
FIG NO. 27. Market Revenue Share, By Software, 2020 & 2028
FIG NO. 28. Global Payment Service Provider Market for Payment processing solutions, Revenue (USD Million) 2016 – 2020
FIG NO. 29. Comparative Revenue Analysis of Payment Service Provider Market for Payment processing solutions, By Country, 2020 & 2028
FIG NO. 30. Global Payment Service Provider Market for Payment gateway solutions, Revenue (USD Million) 2016 – 2020
FIG NO. 31. Comparative Revenue Analysis of Payment Service Provider Market for Payment gateway solutions, By Country, 2020 & 2028
FIG NO. 32. Global Payment Service Provider Market for PoS solutions, Revenue (USD Million) 2016 – 2020
FIG NO. 33. Comparative Revenue Analysis of Payment Service Provider Market for PoS solutions, By Country, 2020 & 2028
FIG NO. 34. Global Payment Service Provider Market for Payment security & fraud management solutions, Revenue (USD Million) 2016 – 2020
FIG NO. 35. Comparative Revenue Analysis of Payment Service Provider Market for Payment security & fraud management solutions, By Country, 2020 & 2028
FIG NO. 36. Market Revenue Share, By Services, 2020 & 2028
FIG NO. 37. Global Payment Service Provider Market for System integration & implementation services, Revenue (USD Million) 2016 – 2020
FIG NO. 38. Comparative Revenue Analysis of Payment Service Provider Market for System integration & implementation services, By Country, 2020 & 2028
FIG NO. 39. Global Payment Service Provider Market for Consulting services, Revenue (USD Million) 2016 – 2020
FIG NO. 40. Comparative Revenue Analysis of Payment Service Provider Market for Consulting services, By Country, 2020 & 2028
FIG NO. 41. Global Payment Service Provider Market for Managed/ outsourced services, Revenue (USD Million) 2016 – 2020
FIG NO. 42. Comparative Revenue Analysis of Payment Service Provider Market for Managed/ outsourced services, By Country, 2020 & 2028
FIG NO. 43. Global Payment Service Provider Market for Support & maintenance services, Revenue (USD Million) 2016 – 2020
FIG NO. 44. Comparative Revenue Analysis of Payment Service Provider Market for Support & maintenance services, By Country, 2020 & 2028
FIG NO. 45. Market Revenue Share, By End Use , 2020 & 2028
FIG NO. 46. Global Payment Service Provider Market for Travel & booking, Revenue (USD Million) 2016 – 2020
FIG NO. 47. Comparative Revenue Analysis of Payment Service Provider Market for Travel & booking, By Country, 2020 & 2028
FIG NO. 48. Global Payment Service Provider Market for Healthcare, Revenue (USD Million) 2016 – 2020
FIG NO. 49. Comparative Revenue Analysis of Payment Service Provider Market for Healthcare, By Country, 2020 & 2028
FIG NO. 50. Global Payment Service Provider Market for Banking, financial services & insurance (BFSI), Revenue (USD Million) 2016 – 2020
FIG NO. 51. Comparative Revenue Analysis of Payment Service Provider Market for Banking, financial services & insurance (BFSI), By Country, 2020 & 2028
FIG NO. 52. Global Payment Service Provider Market for Entertainment, Revenue (USD Million) 2016 – 2020
FIG NO. 53. Comparative Revenue Analysis of Payment Service Provider Market for Entertainment, By Country, 2020 & 2028
FIG NO. 54. Global Payment Service Provider Market for Telecommunications , Revenue (USD Million) 2016 – 2020
FIG NO. 55. Comparative Revenue Analysis of Payment Service Provider Market for Telecommunications , By Country, 2020 & 2028
FIG NO. 56. Global Payment Service Provider Market for E-commerce , Revenue (USD Million) 2016 – 2020
FIG NO. 57. Comparative Revenue Analysis of Payment Service Provider Market for E-commerce , By Country, 2020 & 2028
FIG NO. 58. Global Payment Service Provider Market for Retail, Revenue (USD Million) 2016 – 2020
FIG NO. 59. Comparative Revenue Analysis of Payment Service Provider Market for Retail, By Country, 2020 & 2028
FIG NO. 60. Global Payment Service Provider Market for Others, Revenue (USD Million) 2016 – 2020
FIG NO. 61. Comparative Revenue Analysis of Payment Service Provider Market for Others, By Country, 2020 & 2028
FIG NO. 62. Global Payment Service Provider Market Revenue Share, By Region, 2020 & 2028
FIG NO. 63. North America Payment Service Provider Market Revenue, 2016 - 2020 (USD Million)
FIG NO. 64. Porter’s Five Forces Analysis for Global Payment Service Provider Market
FIG NO. 65. PEST Analysis for Global Payment Service Provider Market
FIG NO. 66. Pricing Analysis for Global Payment Service Provider Market
FIG NO. 67. Value Chain Analysis for Global Payment Service Provider Market
FIG NO. 68. Company Share Analysis, 2019
FIG NO. 69. Radar Determinant Chart, 2019
FIG NO. 70. Company Strategic Developments – Heat Map Analysis
FIG NO. 71. ACI Worldwide, Inc. Business Segment Revenue Share, 2020 (%)
FIG NO. 72. ACI Worldwide, Inc. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 73. Market Channels
FIG NO. 74. Marketing Channel Development Trend
FIG NO. 75. Growth in World Gross Product, 2008-2018
FIG NO. 76. Research Methodology – Detailed View
FIG NO. 77. Research Methodology
 


List of Tables 

TABLE NO. 1. Global Payment Service Provider Market: Snapshot
TABLE NO. 2. Quarterly Payment Service Provider Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Payment Service Provider Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Payment Service Provider Market for Customer to business, by Region, 2016 – 2020 (USD Million)
TABLE NO. 7. Global Payment Service Provider Market for Business to business, by Region, 2016 – 2020 (USD Million)
TABLE NO. 8. Global Payment Service Provider Market for Customer to customer, by Region, 2016 – 2020 (USD Million)
TABLE NO. 9. Global Payment Service Provider Market for Token system, by Region, 2016 – 2020 (USD Million)
TABLE NO. 10. Global Payment Service Provider Market for Digital wallets, by Region, 2016 – 2020 (USD Million)
TABLE NO. 11. Global Payment Service Provider Market for Net banking, by Region, 2016 – 2020 (USD Million)
TABLE NO. 12. Global Payment Service Provider Market for Direct carrier billing, by Region, 2016 – 2020 (USD Million)
TABLE NO. 13. Global Payment Service Provider Market for Real-time payments, by Region, 2016 – 2020 (USD Million)
TABLE NO. 14. Global Payment Service Provider Market for Payment processing solutions, by Region, 2016 – 2020 (USD Million)
TABLE NO. 15. Global Payment Service Provider Market for Payment gateway solutions, by Region, 2016 – 2020 (USD Million)
TABLE NO. 16. Global Payment Service Provider Market for PoS solutions, by Region, 2016 – 2020 (USD Million)
TABLE NO. 17. Global Payment Service Provider Market for Payment security & fraud management solutions, by Region, 2016 – 2020 (USD Million)
TABLE NO. 18. Global Payment Service Provider Market for System integration & implementation services, by Region, 2016 – 2020 (USD Million)
TABLE NO. 19. Global Payment Service Provider Market for Consulting services, by Region, 2016 – 2020 (USD Million)
TABLE NO. 20. Global Payment Service Provider Market for Managed/ outsourced services, by Region, 2016 – 2020 (USD Million)
TABLE NO. 21. Global Payment Service Provider Market for Support & maintenance services, by Region, 2016 – 2020 (USD Million)
TABLE NO. 22. Global Payment Service Provider Market for Travel & booking, by Region, 2016 – 2020 (USD Million)
TABLE NO. 23. Global Payment Service Provider Market for Healthcare, by Region, 2016 – 2020 (USD Million)
TABLE NO. 24. Global Payment Service Provider Market for Banking, financial services & insurance (BFSI), by Region, 2016 – 2020 (USD Million)
TABLE NO. 25. Global Payment Service Provider Market for Entertainment, by Region, 2016 – 2020 (USD Million)
TABLE NO. 26. Global Payment Service Provider Market for Telecommunications , by Region, 2016 – 2020 (USD Million)
TABLE NO. 27. Global Payment Service Provider Market for E-commerce , by Region, 2016 – 2020 (USD Million)
TABLE NO. 28. Global Payment Service Provider Market for Retail, by Region, 2016 – 2020 (USD Million)
TABLE NO. 29. Global Payment Service Provider Market for Others, by Region, 2016 – 2020 (USD Million)
TABLE NO. 30. Global Payment Service Provider Market Revenue, By Region, 2016 – 2020 (USD Million)
TABLE NO. 31. North America Payment Service Provider Market Revenue, By Country, 2016 – 2020 (USD Million)
TABLE NO. 32. North America Payment Service Provider Market Revenue, By Payment Type, 2016 – 2020 (USD Million)
TABLE NO. 33. North America Payment Service Provider Market Revenue, By Payment Channel, 2016 – 2020 (USD Million)
TABLE NO. 34. North America Payment Service Provider Market Revenue, By Software, 2016 – 2020 (USD Million)
TABLE NO. 35. North America Payment Service Provider Market Revenue, By Services, 2016 – 2020 (USD Million)
TABLE NO. 36. North America Payment Service Provider Market Revenue, By End Use , 2016 – 2020 (USD Million)
TABLE NO. 37. U.S. Payment Service Provider Market Revenue, By Payment Type, 2016 – 2020 (USD Million)
TABLE NO. 38. U.S. Payment Service Provider Market Revenue, By Payment Channel, 2016 – 2020 (USD Million)
TABLE NO. 39. U.S. Payment Service Provider Market Revenue, By Software, 2016 – 2020 (USD Million)
TABLE NO. 40. U.S. Payment Service Provider Market Revenue, By Services, 2016 – 2020 (USD Million)
TABLE NO. 41. U.S. Payment Service Provider Market Revenue, By End Use , 2016 – 2020 (USD Million)
TABLE NO. 42. Canada Payment Service Provider Market Revenue, By Payment Type, 2016 – 2020 (USD Million)
TABLE NO. 43. Canada Payment Service Provider Market Revenue, By Payment Channel, 2016 – 2020 (USD Million)
TABLE NO. 44. Canada Payment Service Provider Market Revenue, By Software, 2016 – 2020 (USD Million)
TABLE NO. 45. Canada Payment Service Provider Market Revenue, By Services, 2016 – 2020 (USD Million)
TABLE NO. 46. Canada Payment Service Provider Market Revenue, By End Use , 2016 – 2020 (USD Million)
TABLE NO. 47. Mexico Payment Service Provider Market Revenue, By Payment Type, 2016 – 2020 (USD Million)
TABLE NO. 48. Mexico Payment Service Provider Market Revenue, By Payment Channel, 2016 – 2020 (USD Million)
TABLE NO. 49. Mexico Payment Service Provider Market Revenue, By Software, 2016 – 2020 (USD Million)
TABLE NO. 50. Mexico Payment Service Provider Market Revenue, By Services, 2016 – 2020 (USD Million)
TABLE NO. 51. Mexico Payment Service Provider Market Revenue, By End Use , 2016 – 2020 (USD Million)
TABLE NO. 52. Drivers for the Payment Service Provider Market: Impact Analysis
TABLE NO. 53. Restraints for the Payment Service Provider Market: Impact Analysis
TABLE NO. 54. Major Buyers of Payment Service Provider
TABLE NO. 55. Distributors/Traders List of Payment Service Provider
TABLE NO. 56. Global Payment Service Provider Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 57. Global Payment Service Provider Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)


 

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FrequentlyAsked Questions

The payment service provider market was valued at 6.1 USD Billion in 2019.

The payment service provider market is expected to reach USD 20.9 Billion by 2028, growing at a CAGR of 15.2 % between 2021 to 2028.

Some of the key factors driving the payment service provider market growth are initiatives which are being taken by different governments all over the world and are facilitating the growth of the payment service provider market. The increased focus on and adoption of the digitization in almost every sector is contributing towards the growth on a significant level.

The North America region held a substantial share of the market in 2019. North America is the biggest contributor towards the payment service provider market. The region houses a number of small and large organisations which have adopted online payments as a primary payment method and are contributing directly toward the growth of the market.

Some of the major companies operating in the payment service provider market are ACI Worldwide, Inc., MasterCard International, Inc., Adyen, Global Payments Direct, Inc., CCBill, LLC., Discover Financial Services (Diners Club International Ltd), Stripe, Total System Services, Inc., Amazon Web Services, Inc., PayPal, Inc., among others.

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