Digital Payment Market Size to Worth USD 18480 billion by 2030 With a 11.79% CAGR by Exactitude Consultancy

Digital Payment Market include Aliant Payments, Google LLC, Aurus Inc., Adyen, Mastercard Inc

LUTON, BEDFORDSHIRE, UNITED KINGDOM, September 3, 2024 /EINPresswire.com/ -- The most recent Digital Payment Market 2024–2032 research report. An extensive analysis gathered to provide the most recent information on the salient characteristics of the Digital Payment market. Demand for digital transactions is expected to increase over the projection period because of growing use of mobile wallets, credit cards, debit cards, digital currencies, net banking, point of sale, and mobile apps. To draw users and encourage more of these cards and apps to be used for online transactions, these mobile applications include a variety of promotional programs for virtual transactions, including cashback, discounts, in-store deals, online shopping vouchers, and others.

𝐓𝐡𝐞 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝟏𝟏.𝟕𝟗% 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟎. 𝐈𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚𝐛𝐨𝐯𝐞 𝐔𝐒𝐃 𝟏𝟖𝟒𝟖𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟔𝟕𝟖𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑.

𝐆𝐞𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭

https://exactitudeconsultancy.com/reports/16175/digital-payment-market/#request-a-sample

𝐓𝐡𝐞 𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭

Aliant Payments, Google LLC, Aurus Inc., Adyen, Mastercard Inc., Financial Software & Systems Pvt. Ltd., Global Payments Inc., PayPal Holdings Inc., ACI Worldwide Inc., Novatti Group, Fiserv Inc., Sage Pay Europe Ltd., Visa Inc., and others.

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

In April 2023, the PayPal Payment Solution announced that they can now allow PayPal transactions through Apple’s payment system and facilitate saving methods of payment via PayPal’s vault as well as incorporate updating options on real-time basis for the accounts.

In December 2023, Visa Inc. declared a definitive agreement to secure a majority stake in Prosa, a prominent payments processor in Mexico, with the aim of accelerating the acceptance of secure and inventive digital payments within the nation. Under this agreement, Prosa will maintain its autonomy as a company, retaining its technological framework, while Visa plans to improve Prosa's array of products by introducing novel digital solutions.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂

https://exactitudeconsultancy.com/reports/16175/digital-payment-market/

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

The need for real-time transaction systems is growing due to factors including the proliferation of cell phones, enhanced internet connectivity, and non-physical interfaces. The digital compensation market is probably going to increase as a result of this demand. Consumers today anticipate a simpler, more efficient digital transaction experience. Improved personalization and a seamless user experience are driving the sector's rising demand worldwide. One of the biggest factors boosting the virtual transaction system market is the widespread use of mobile wallets. Because online transaction apps offer multiple benefits and easy convenience, e-wallets have become more and more popular over time.

𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬

𝐁𝐲 𝐄𝐧𝐝-𝐔𝐬𝐞𝐫

Over the course of the forecast period, the Online Sale sector is expected to grow at a CAGR of 11.79% and hold the highest market share. The methods of payment for online sales are growing at a never-before-seen rate because of digitization. Since more countries are willing to embrace digitalization, the growth of online sale payments is expected to be significant. Over the past 10 years, as cell phones have become more and more common, the market for internet payments has expanded. A significant percentage of trades are made through web-based and net banking transactions. Nonetheless, because bank transfers are governed by various laws and regulations across the globe, they continue to be the preferred method for large payments and international transactions.

𝐁𝐲 𝐄𝐧𝐝-𝐔𝐬𝐞𝐫

Throughout the course of the forecast period, the Retail segment is anticipated to grow at a CAGR of 11.79 % and hold the highest market share. The payment market evolves along with changes in consumer behavior. The cashless economy, mobile banking, fast payments, digital commerce, and the growing power of regulatory bodies are some of the developments impacting the payment business. The growing consumer use of mobile-based payment solutions for retail purchases is one of the main factors driving the segment's growth. The number of unmanned retail stores worldwide is rising in tandem with the market's expansion. Furthermore, a boom in demand is being felt by the e-commerce sector as consumers use e-commerce websites to order needs like food, clothing, and other items. The majority of consumers favour digital payment methods.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐟𝐨𝐫 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜

The nations in the area have made major efforts to develop the payments sector. To promote international banking transactions in the region, for example, the eleven Asian countries that comprise the Asian Payments Network (APN) have teamed up. These countries are South Korea, Japan, New Zealand, Australia, China, Singapore, Malaysia, Thailand, Vietnam, Indonesia, and the Philippines. It is expected that China and India would expand their markets. The primary driver of digital payment growth in China is the country's extensive use of bank accounts and cellphones.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚

In the digital payment industry, North America is anticipated to grow at the quickest rate—a CAGR of 12.25%. The digital payment market in the region is witnessing the emergence and growth of innovative payment technologies such as blockchain, biometric authentication, cloud computing, and artificial intelligence. The technologies discussed above are intended to enhance the effectiveness, security, and user experience of digital payments. For instance, biometric authentication uses fingerprints, iris scanning, or facial recognition to confirm the recipient's or payee's identity.

𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

Integration of Biometric Authentication: Facial recognition is a significant innovation in the digital payment sector. Rather of using standard codes or passwords, biometric security which includes fingerprint scanning, facial recognition, and voice recognition—is growing in popularity. By providing distinct physiological identities that will be used to validate transactions and reduce fakes, this trend contributes to increased security and consumer convenience. The majority of digital payment systems worldwide are anticipated to include biometric authentication since more firms are using biometric technologies and because rules controlling their usage are developing along with public trust in the technology.

𝐎𝐭𝐡𝐞𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬

𝐂𝐥𝐨𝐮𝐝-𝐛𝐚𝐬𝐞𝐝 𝐏𝐚𝐲𝐫𝐨𝐥𝐥 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The global Cloud-based Payroll Software market is anticipated to grow from USD 6.07 Billion in 2023 to USD 11.82 Billion by 2030, at a CAGR of 10 % during the forecast period.

https://exactitudeconsultancy.com/reports/36828/cloud-based-payroll-software-market/

𝐆𝐫𝐞𝐞𝐭𝐢𝐧𝐠 𝐂𝐚𝐫𝐝𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global Greeting Cards market is anticipated to grow from USD 19.64 Billion in 2023 to USD 22.56 Billion by 2030, at a CAGR of 2 % during the forecast period.

https://exactitudeconsultancy.com/reports/35852/greeting-cards-market/

𝐃𝐢𝐬𝐜𝐨𝐧𝐧𝐞𝐜𝐭 𝐒𝐰𝐢𝐭𝐜𝐡 𝐌𝐚𝐫𝐤𝐞𝐭

The global disconnect switch market is expected to grow at 6% CAGR from 2024 to 2030. It is expected to reach above USD 20.51 billion by 2023 from USD 12.14 billion in 2030.

https://exactitudeconsultancy.com/reports/3200/disconnect-switch-market/

𝐃𝐲𝐞-𝐒𝐮𝐛𝐥𝐢𝐦𝐚𝐭𝐢𝐨𝐧 𝐏𝐫𝐢𝐧𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The global dye-sublimation printing market size is expected to grow at more than 12.35% CAGR from 2024 to 2030. It is expected to reach above USD 25.18 billion by 2030 from a little above USD 8.83 billion in 2023.

https://exactitudeconsultancy.com/reports/22310/dye-sublimation-printing-market/

𝐌𝐃𝐌 𝐁𝐏𝐎 𝐌𝐚𝐫𝐤𝐞𝐭

The global MDM BPO Market is anticipated to grow from USD 5.20 Billion in 2023 to USD 9.26 Billion by 2030, at a CAGR of 14.80 % during the forecast period.

https://exactitudeconsultancy.com/reports/32487/mdm-bpo-market

𝐀𝐮𝐝𝐢𝐨 𝐌𝐢𝐱𝐢𝐧𝐠 𝐃𝐞𝐬𝐤 𝐌𝐚𝐫𝐤𝐞𝐭

The global audio mixing desk market is anticipated to grow from USD 3,736.71 Million in 2022 to USD 5,520.82 Million by 2030, at a CAGR of 5% during the forecast period.

https://exactitudeconsultancy.com/reports/30997/audio-mixing-desk-market/

𝐌𝐨𝐛𝐢𝐥𝐞 𝐓𝐫𝐚𝐜𝐤𝐢𝐧𝐠 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The global mobile tracking software market is expected to grow at 19% CAGR from 2024 to 2030. It is expected to reach above USD 25.36 billion by 2023 from USD 5.3 billion in 2030.

https://exactitudeconsultancy.com/reports/3252/mobile-tracking-software-market/

𝐌𝐎𝐒𝐅𝐄𝐓 𝐑𝐞𝐥𝐚𝐲 𝐌𝐚𝐫𝐤𝐞𝐭

The global MOSFET Relay market is projected to reach USD 35.98 billion by 2023 from USD 22.82 billion in 2030, at a CAGR of 9.2 % from 2024 to 2030.

https://exactitudeconsultancy.com/reports/13825/mosfet-relay-market/

𝟑𝐃 𝐏𝐫𝐢𝐧𝐭𝐢𝐧𝐠 𝐢𝐧 𝐋𝐨𝐰-𝐂𝐨𝐬𝐭 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The global 3D Print in Low-Cost Satellite market is anticipated to grow from USD 4.02 Billion in 2023 to USD 107.91 Billion by 2030, at a CAGR of 60 % during the forecast period.

https://exactitudeconsultancy.com/reports/32157/3d-print-in-low-cost-satellite-market/

𝐂𝐥𝐨𝐮𝐝 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭

The cloud automation market is expected to grow at 24.5 % CAGR from 2024 to 2030. It is expected to reach above USD 305.94 billion by 2030 from USD 53 billion in 2023.

https://exactitudeconsultancy.com/reports/21137/cloud-automation-market/

𝐖𝐞 𝐎𝐟𝐟𝐞𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐁𝐚𝐬𝐞𝐝 𝐨𝐧 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐂𝐥𝐢𝐞𝐧𝐭 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬:

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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

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