According to Market Research Future, the global real time payment market is segmented into solution, service,
deployment, verticals, and region.
The increased number of online transactions, consumer
shift towards online retail are the major factors in using real time payments
solutions. These solutions are expected grow significantly during the forecast
period. Asia-Pacific region is among the high potential for the increasing
demand for payments services. By solution, the market is segmented into payment
gateway, payment processing, payment security, fraud management, and others.
Among the solutions, payment security is expected to grow with a highest CAGR
owing to increased cyber security threats on online payments. On the other
hand, payment gateway dominated the solution segment in 2017.
By services, the market is segmented into professional
services, and managed services. Among these, the managed service is expected to
grow at a higher CAGR. On the other hand, professional services dominated the
market in 2017 owing to greater demand from consumers and industry verticals
for real time payments solutions. By deployment, the market is segmented into
on-premise, and cloud. Cloud deployment is holding the largest market value in
terms of services.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/7060
Global Real Time Payment Market
|
By verticals, the market is segmented into BFSI, IT & telecommunication, retail, government, energy & utilities, and others. Among the industry verticals, retail is dominated real time payments market size and is also expected to grow at the highest CAGR during the forecast period. This is due to the high demand for fast payments from retailers. The real time payment services provide an additional advantage offering faster and cheaper mode of payment. Additionally, the increased online e-commerce transactions is expected to boost the growth of retail sector.
By region, the real time payment market is segmented
into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key
players in the real
time payment market are identified across all the major regions based
on their country of origin, presence across different regions, recent key
developments, product diversification, and industry expertise. Some of them are—
ACI Worldwide Inc (US), Fidelity National Information Servcs Inc (US), Fiserv
Inc (US), Paypal Holdings Inc (US), Wirecard AG (Germany), Mastercard Inc (US),
Worldline SA (France), Temenos AG (Switzerland), Visa Inc Class A (US), and
Apple Inc (US). These players contribute a major proportion towards market
growth.
Apart
from the top key players, the other players contribute nearly 30–35 % in the
real time payment market. These include Ant Financial Services Group (China),
Global Payments Inc (US), Capgemini SE (France), Icon Solutions Ltd (India),
REPAY (US), IntegraPay (US), Obopay (US), Ripple Labs Inc (US), ACE Software
Solutions Inc (US), Finastra (UK), Nets A/S (Denmark), Financial Software &
Systems Pvt. Ltd (India), Intelligent Payments Group Ltd (UK), Montran (US),
and others.
Regional analysis
The
global market for real time payment is estimated to grow at a significant rate
during the forecast period from 2018 to 2023. The geographical analysis of real
time payment market is studied for North America, Europe, Asia-Pacific, and the
rest of the world (including the Middle East, Africa, and Latin America).
North
America is the largest market for real-time payment. It has generated highest
revenue in 2017 and is estimated to highest market value during the forecast
period. The growth of North American region is attributed to increased adoption
of digital payments by customers in the countries including the US, and Canada.
US has generated highest revenue in 2017 and is projected to grow with fastest
CAGR during forecast period 2018–2023. It is followed by Canada and Mexico.
Europe is
the second largest market for real-time payment. It is technically advanced
region and has established infrastructure. The UK has generated highest revenue
in 2017 and is projected to grow with a highest CAGR during forecast period
2018–2023. Technical advancements in the provision of secure payment has fueled
the growth of real-time payment market in these countries.
Access
press release of this report @ https://www.marketresearchfuture.com/press-release/real-time-payment-market
About Market Research
Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
In
order to stay updated with technology and work process of the industry, MRFR
often plans & conducts meet with the industry experts and industrial visits
for its research analyst members.
Contact:
Market
Research Future
+1
646 845 9312
No comments:
Post a Comment