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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?
For any questions related to Payment Processor Market, Payment Processor Market Size, Payment Processor Market Growth, Payment Processor Market Analysis, Payment Processor Market Report, Payment Processor Market Share, Payment Processor Market Trends, Payment Processor Market Forecast, Payment Processor Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Payment Processor Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Payment Processor Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Payment Processor Market by Payment Method
3.3.1: Credit Cards
3.3.2: Debit Cards
3.3.3: E-wallet
3.4: Global Payment Processor Market by End Use
3.4.1: IT & Telecom
3.4.2: BFSI
3.4.3: Healthcare
3.4.4: Government & Utilities
3.4.5: Retail & E-commerce
3.4.6: Travel & Hospitality
3.4.7: Media & Entertainment
3.4.8: Others
3.5: Global Payment Processor Market by Component
3.5.1: Solution
3.5.2: Services
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Payment Processor Market by Region
4.2: North American Payment Processor Market
4.2.2: North American Payment Processor Market by End Use: IT & Telecom, BFSI, Healthcare, Government & Utilities, Retail & E-commerce, Travel & Hospitality, Media & Entertainment, and Others
4.3: European Payment Processor Market
4.3.1: European Payment Processor Market by Payment Method: Credit Cards, Debit Cards, and E-wallet
4.3.2: European Payment Processor Market by End Use: IT & Telecom, BFSI, Healthcare, Government & Utilities, Retail & E-commerce, Travel & Hospitality, Media & Entertainment, and Others
4.4: APAC Payment Processor Market
4.4.1: APAC Payment Processor Market by Payment Method: Credit Cards, Debit Cards, and E-wallet
4.4.2: APAC Payment Processor Market by End Use: IT & Telecom, BFSI, Healthcare, Government & Utilities, Retail & E-commerce, Travel & Hospitality, Media & Entertainment, and Others
4.5: ROW Payment Processor Market
4.5.1: ROW Payment Processor Market by Payment Method: Credit Cards, Debit Cards, and E-wallet
4.5.2: ROW Payment Processor Market by End Use: IT & Telecom, BFSI, Healthcare, Government & Utilities, Retail & E-commerce, Travel & Hospitality, Media & Entertainment, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Payment Processor Market by Payment Method
6.1.2: Growth Opportunities for the Global Payment Processor Market by End Use
6.1.3: Growth Opportunities for the Global Payment Processor Market by Component
6.1.4: Growth Opportunities for the Global Payment Processor Market by Region
6.2: Emerging Trends in the Global Payment Processor Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Payment Processor Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Payment Processor Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Adyen
7.2: Alipay
7.3: Amazon Payments
7.4: Authorize.Net
7.5: PayPal Holdings
7.6: PayU
7.7: SecurePay
7.8: Stripe
7.9: Apple
7.10: Alphabet
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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