Financial Services

Global Digital Payments Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global Digital Payments Market Report by The Business Research company covers digital payments market drivers and restraints, digital payments market size, major players, and the impact of COVID-19 on the digital payments market.

The digital payments market consists of all the transactions that take place across the digital media along with the product and services associated. Digital payments is a payment mode that uses digital medium such as the internet, cell phones, and automated devices to send and receive money. It needs both payer and payee to use the digital means to send and receive money, it is not mandatory in some situations for the payee to use a digital medium to receive money.

Quick on boarding and ease of use is expected to drive the digital payments market. The global digital payments market is expected to grow from $5.05 trillion in 2020 to $5.87 trillion in 2021 at a compound annual growth rate (CAGR) of 16.1%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The digital payments market is expected to reach $9.07 trillion in 2025 at a CAGR of 11%.

 

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Some digital payments market trends include users increasingly opting for contactless payments technology such as mobile wallets, contactless cards, and others as there more secure and convenient to use. Contactless payment technology uses radio frequency identification (RFID) or near field communication (NFC) for transmission of amount among users.

 

Global digital payments market segments include:

1) By Mode Of Payment: Point Of Sale, Online Sale.

2) By End-User Industry: Retail, Banking And Financial Service, Telecommunication, Government, Transportation, Others.

3) By Deployment: Cloud, On-Premises.

4) By Enterprise: Large Enterprises, Small And Medium Enterprises.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

 

Read More On The Digital Payments Global Market Report 2021: COVID-19 Growth And Change To 2030 At:

https://www.thebusinessresearchcompany.com/report/digital-payments-global-market-report-2020-30-covid-19-implications-and-growth

 

The Digital Payments Global Market Report 2021: COVID-19 Growth And Change To 2030 is one of a series of new reports from The Business Research Company that provides digital payments market overviews, analyzes and forecasts market size, share, digital payments market players, digital payments market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The digital payments market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

 

Where To Learn More:

Read Digital Payments Global Market Report 2021: COVID-19 Growth And Change To 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Alipay, Amazon Pay, Apple Pay, Tencent, Google Pay, First Data, Paypal, Fiserv, Visa Inc., MasterCard, Total System Services (TSYS), Novatti, Global Payments, Financial Software & Systems, Worldline, BlueSnap, Net 1 UEPS Technologies, Wirecard, ACI Worldwide, Worldpay (Vantiv), Aurus Inc, Chetu, Paysafe, PayU, Yapstone, Adyen

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Digital Payments Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Digital Payments Sector: The report reveals where the global industry will put on most $ sales up to 2023.

Interested to know more about The Business Research Company?

The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

 

Here is a list of reports from The Business Research Company similar to the Digital Payments Global Market Report 2021:

Mobile Payment Technologies Global Market Report 2021: COVID-19 Growth And Change To 2030

Payments Global Market Report 2021: COVID-19 Impact And Recovery To 2030

Social Media Subscription Global Market Report 2020-30: COVID-19 Implications And Growth

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