The newly added Digital Payment market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027. Further, this report also highlights smart strategy adopted by major players and also their market share. Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the digital payment market include Aliant Payment Systems, Aurus Inc., Adyen N.V., Authorize.Net, Financial Software & Systems Pvt. Ltd., ACI Worldwide Inc., Novatti Group Limited, Global Payments Inc., Wirecard AG, Total System Services, Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
Digital payment has gained popularity in the last decade. High penetration of mobile phone and subsidized data plans has led to the impossible growth of this market. Consumers are bingeing on apps for everything ranging from healthcare to grocery and even fuel management recently. There have been remarkable innovations and initiatives that have changed the way people transact and pay. Developed economies have implemented a cashless payment infrastructure based primarily on credit cards. The culture of apps has gained robust momentum which is expected to soar the digital payment growth in this decade. However, lack of awareness among the rural population about its use and benefits is hampering the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of digital payment.
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Market Segmentation
The entire digital payment market has been sub-categorized into type, deployment and end-use. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Type
- Mobile Payment
- Online Banking
- Point of Sale
- Others
By Deployment
- On Premise
- Cloud
By End-Use
- BFSI
- Healthcare
- IT & Telecom
- Media & Entertainment
- Retail & E-commerce
- Transportation
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for digital payment market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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