Real-Time Payments Market Detailed Analysis of Current Industry Trends, Growth Forecast To 2027.
Real-Time Payments Market was worth US$ 10.64 Bn. in 2020 and total revenue is expected to grow at a CAGR of 33.0 % from 2021 to 2027, reaching almost US$ 78.33 Bn. in 2027.
Market Scope:
We looked at the Real-Time Payments Market from every viewpoint using primary and secondary research methods. As a result, we now have a better understanding of current market dynamics, including supply-demand imbalances, pricing trends, product preferences, and customer behaviour. A range of market forecasts and data validation procedures are then used to compile and assess the data. Additionally, the market is expected to rise through 2029 according to our internal data expecting engine.
Real-Time Payments Market Overview:
The situation of the market over the anticipated time is investigated and evaluated in the research study Real-Time Payments. It is a comprehensive body of study that focuses on primary and secondary drivers, market dominance, important sectors, and geographic analysis. The study also examines modern innovation and corporate strategy in addition to famous persons, key partnerships, mergers, and acquisitions.
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Real-Time Payments Market Segmentation:
Based on the Component, The market is divided into two sub-segments: Solution and Service, depending on the Component. With approximately 77.0% of global revenue in 2020, the solutions category dominated the real-time payments industry. The solutions area includes payment gateways, payment processing, and security and fraud management. In-store and online payment portals are combined via payment gateways. Particularly for online payments, payment gateway service providers are noticing a rise. 277 million PayPal accounts were active globally in 2019, according to PayPal. According to the Europe Payments Council, 36% of American retailers accepted PayPal as a form of payment in 2019. The demand for payment security and fraud control solutions is rising as a result of technological improvements and the ongoing growth of e-commerce.
Based on Enterprise size, The market is divided into SEMs and Large Enterprises based on enterprise size. The market was driven by the large enterprise category, which accounted for more than 66.0% of global sales. Real-time payment solutions are receiving significant investment from businesses in order to guarantee speedy and simple payment processing. The segment's growth is being fueled by large retailers' growing preference for digital payment solutions to give their customers a convenient checkout experience. In order to expand their regional presence, multinational firms are simultaneously making investments in startups in developing nations like China and India. The fastest rate of growth for small and medium-sized firms is anticipated during the projected period. Digital invoicing is quickly replacing paper-based invoicing in small and medium-sized organisations.
Real-Time Payments Market Key Players:
• ACI Worldwide
• FIS, Fiserv
• MasterCard
• World line
• PayPal
• Visa, Apple
• Ant Financial
• INTELLIGENT PAYMENTS
• Wire card
• Global Payments
• Capgemini
• Integra Pay
• SIA
• Obopay
• Ripple
• Pelican
• Finastra
• Nets
• FSS
• Montran
• REPAY
• Icon Solutions.
Primary and secondary research are used to determine the market's leaders and to estimate the market's revenue. Extensive interviews with important thought leaders and industry professionals, including CEOs, marketing specialists, and seasoned front-line employees, were conducted as part of the core research. Primary research was composed of in-depth interviews with renowned thought leaders and industry professionals, including CEOs, seasoned front-line workers, and marketing specialists. Secondary research was composed of a review of the annual and financial reports of the major manufacturers. Percentage splits, market shares, growth rates, and global market breakdowns are calculated using secondary sources and compared to historical data. The players profiled in this study include those listed below:
Regional Analysis:
The study does a comprehensive analysis of the local market using both qualitative and quantitative data. It offers a summary and forecast of each section of the global Real-Time Payments market. North America, Europe, Asia-Pacific, the Middle East and Africa, and South America are among the five significant regions covered in addition to market size and forecast predictions for the years 2022 to 2029. The market is further divided into segments and regions according to each region. The research examines and anticipates several nations, as well as present trends and potential future advancements in the sector.
COVID-19 Impact Analysis on Real-Time Payments Market:
The global Real-Time Payments market's potential was taken into account and analysed in the Global Real-Time Payments Market Development Strategy post-COVID-19, which also offers statistical data on market dynamics, growth factors, significant challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The study's primary objective is to give industrial businesses a strategic analysis of COVID-19's effects. This examination focused on the market potential of important nations while also looking at their markets.
Key Questions Answered in the Real-Time Payments Market Report are:
- Which regional areas, product types, and end customers provide the highest potential for high-growth possibilities in the global Real-Time Payments sector?
- What market segments will grow the fastest, and why?
- Which industries will grow the fastest, and why?
- What are the primary variables influencing the ## market's dynamics? What are the key elements affecting and restricting the Real-Time Payments market?
- What are the market's business risks and hazards?
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