Real Time Payment Industry Outlook 2027: Presents Industry Insights & Depth Analysis | Coronavirus Effects

 Market Highlights

Market Research Future (MRFR), in its newly published report on the real time payment network market 2020, states the impact of coronavirus pandemic on the real time payment industry. As per MRFR analysis, the global real time payment market can rise at 29.7% CAGR across the assessment period. In 2017, the global real time payment market value was recorded at USD 5.12 Bn. By 2027, the real time payment market can valuation can touch USD 23.57 Bn.

The high penetration of digitization can played a significant role in the rise in the rate of adoption of online and real -time payment systems by individuals. As real-time payments has become an integral part of routine payment for individuals or enterprises, the real time payment market is likely to rise at a high pace in the years to come. The growing popularity of online transactions solutions due to better convenience can prompt the expansion of the world real time payment market.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7060

Segmentation:

The segment study of global real time payment market is based on deployment, solution, service, and verticals. The solution based, real time payment market is segmented into payment processing, payment security, payment gateway, and fraud management among others. The services type based, segments of the real time payment market are managed services and professional services. The deployment based segments of the real time payment market are on-premise and cloud. The verticals based segments of the real time payment market are retail, BFSI, government, IT & telecommunication, and energy & utilities among others.

Detailed Regional analysis

North America real time payment market can rise at a high pace across the review period. The region is likely to garner the generated highest revenue on the conclusion of the evaluation period. The highest market value attainment across the forecast period can be credited to the firm technical base of the region and the growing adoption of real time payment solution across major industries. The expansion of North America real time payment market can be attributed to the high adoption of digital payments services and solution by enterprises and its growing popularity among customers in strong economy, the US, followed by the rest of North America. Canada and Mexico can witness surge in the real time payment market in the review period. The US can generated the highest revenue by 2023. The impact of COVID-19 on real time payment market for the assessment period is studied across the review period. In Europe, the rise of the real-time payment market in the review period can be attributed to the presence of advanced technology and the well-established infrastructure. In the UK, the real time payment can generated the highest revenue for the regional market across the assessment period. The growth of the real time payment market in the Asia Pacific region can thrive with the highest CAGR in the study period 2018–2023. Technical developments in providing secured payment can fuel the expansion of regional real-time payment market across these countries.

Key Players

Wirecard AG (Germany), Financial Software & Systems Pvt. Ltd (India), ACI Worldwide Inc (US), Fiserv Inc (US), Fidelity National Information Servcs Inc (US), Paypal Holdings Inc (US), Ant Financial Services Group (China), Mastercard Inc (US), IntegraPay (US), Obopay (US), Visa Inc Class A (US), Worldline SA (France), Temenos AG (Switzerland), Global Payments Inc (US), Apple Inc (US),  REPAY (US), Capgemini SE (France), Icon Solutions Ltd (India), Finastra (UK), Nets A/S (Denmark), Ripple Labs Inc (US), Intelligent Payments Group Ltd (UK), ACE Software Solutions Inc (US), Montran (US), and others.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/real-time-payment-market-7060

Global Real-Time Payment Market Research, By Solution (Payment Gateway, Payment Processing, Payment Security, Fraud Management), Service (Professional, Managed), Deployment (On-Premise, Cloud), Verticals (BFSI, IT & Telecom, Retail) — Forecast till 2023

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.

Contact:                                                                                    

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

IT Asset Management Software Market Share, Growth Factors, Comprehensive Research, Analysis by Leading Companies with Forecast till 2027 | Coronavirus Effects

  Market Highlights The IT assets include the hardware component as well as the software component. IT asset management software has a prominent role in the growth strategy of an enterprise. It helps the senior level management to make accurate purchase decisions. IT asset management is also referred to as IT inventory management as it largely involves the collection of information, regarding hardware and software used in an organization. The IT asset management software market is estimated to reach a valuation of USD 3 Bn towards the end of 2023. The software has developed a significant role in devising growth strategies of enterprises which is likely to accelerate its adoption over the next couple of years. Additionally, the reduced cost of software licensing by relocating non-utilized resources is expected to fuel the growth of the market. IT asset management can be categorized as hardware asset management, digital asset management, and software asset management. Get a F...
Read more

Intelligent Railway Transport System Market Key Findings, Regional Analysis, Top Key Players, Profiles and Future Prospects | Impact of COVID-19

  Market Scenario: The intelligent railway transport system facilitates the use of information technology for managing the services provided by the railways. The railway relies on the radio network and the GPS system for effective implementation of intelligent transport system. The intelligent railway transport system market is majorly driven by its ability of providing high security for the passengers and the high service quality to the customers. The market will also grow with the increase in adoptions of internet of things technology in the railway system. The increasing trend of internet services is contributing in the growth of Intelligent Railway Transport System Market. The increasing use of rail transport among all modes of transportation has created an effective and timely management of services among others such as scheduling of trains. Whereas, the increased need for adoption of intelligent transport system in railways has made this possible and hence has increased the...
Read more

Network Slicing Market Research Report- Forecast till 2026

  Market Highlights The global network slicing market is projected to reach USD 1,936.67 million by 2026, registering a CAGR of 51.48% during the forecast period. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the network slicing market to offer a better glimpse into the coming years Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/10624 Segmentation: The global network slicing market has been segmented based on component, end user, application, and region Based on component, the global network slicing market has been segmented into solution and services. The services segment is further sub-divided into professional and managed services. The solution segment is expected to account for a significant market share over the projected period. The increasing adoption of network slicing solutions in the market for delivering high-speed network coverage services across various end users contributes to the growth of...
Read more