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Report Description

Report Description

The global Digital Payment Market size is predicted to reach USD 87 billion by 2024, growing at a CAGR of over 15% during the forecast period. The growing usage of smartphones, various initiatives taken to promote digital payment and the growing e-commerce industry are the major drivers of the global digital payment market. In terms of type, the market for digital payment is categorized into solutions and services. The solutions category is further categorized in terms of payment gateway solutions, payment processing solutions, payment wallet solutions, payment security & fraud management solutions and POS solutions. Owing to the growth of the e-commerce industry, the payment gateway solutions category is projected to witness the fastest growth during the forecast period. Taking into an account of the geographical landscape, the North American digital payment market is projected to hold the largest share in the global market throughout the forecast period. The market for digital payment in North America is growing due to the presence of a large number of digital payment solution providers in the region and the expansion of mobile commerce industry in the region. The Asia-Pacific market for digital payment is projected to witness the fastest growth during the forecast period. The complications associated with legacy payment services in the Asia-Pacific region have propelled the demand for consulting services and thereby bolstering the digital payment industry growth in the region. The key players in the market are ACI Worldwide Inc., PayU, PayPal Holdings Inc., Global Payments Inc., Fiserv Inc., Paytm and others.

Years considered for this report:

Historical Year : 2014 - 2017

Base Year : 2018

Estimated : 2019

Forecast : 2020 - 2024

Objective of the Study:

  • To analyse and forecast the market size of Digital Payment, in terms of value.
  • To classify and forecast global Digital Payment based on component, delivery mode, application, end user and regional distribution.
  • To identify drivers and challenges for Global Digital Payment.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Digital Payment.
  • To conduct the pricing analysis for Digital Payment.
  • To identify and analyse the profile of leading players involved in the of Global Digital Payment system.


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Some of the leading players in the Global
Digital Payment market are ACI Worldwide Inc., PayU, PayPal Holdings Inc., First Data Corporation, Worldpay Group plc., Wirecard AG, Stripe, Global Payments Inc., Fiserv Inc., Paytm and others.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of Solution Providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the Service Providers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration Solution Providers across the globe.

TechSci Research calculated the market size of Global Digital Payment using a bottom-up approach, where data for various application across various technology were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Digital Payment Solution and Service Providers
  • Smart Card Vendors
  • Financial Institutions
  • Merchants and Merchant Acquirers
  • Mobile Network Operators
  • Credit/Debit Card Providers
  • Cloud Payment Solution Providers
  • POS Device Manufacturers
  • Payment Security Service Providers
  • System Integrators
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Global Digital Payment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type:
    • Solution
      • Payment Gateway Solutions
      • Payment Processing Solutions
      • Payment Wallet Solutions
      • Payment Security and Fraud Management Solutions
      • POS Solutions
    • Services
      • Professional Services
        • Consulting and Training Services
        • System Integration and Deployment Services
        • Support and Maintenance Services
      • Managed Services
  • Market, By Deployment Mode:
    • On-Premise
    • Cloud-Based
  • Market, By Organization Size:
    • SMEs
    • Large Enterprises
  • Market, by Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Digital Payment Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  
Table of content

Table of content

1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Voice of Customer

4.1.   Vendor Satisfaction

4.2.   Customer Satisfaction Level

4.3.   Challenges & Unmet Needs

5.     Global Digital Payment Market Overview 

6.     Global Digital Payment Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value

6.2.   Market Share & Forecast

6.2.1. By Type (Solutions (Payment Gateway Solutions, Payment Processing Solutions, Payment Wallet Solutions, Payment Security & Fraud Management Solutions and POS Solutions) and Services (Professional Services (Consulting & Training Services, System Integration & Deployment Services and Support & Maintenance Services) and Managed Services))

6.2.2. By Deployment Mode (On-Premises and Cloud-Based)

6.2.3. By Organization Size (SMEs and Large Enterprises)

6.2.4. By Region

6.3.   By Company

6.4.   Market Attractiveness Index

7.     Asia-Pacific Digital Payment Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value

7.2.   Market Share & Forecast

7.2.1. By Deployment Mode

7.2.2. By Organization Size

7.2.3. By Country

7.3.   Market Attractiveness Index

7.4.   Asia-Pacific: Country Analysis

7.4.1. China Digital Payment Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.              By Value

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.              By Organization Size

7.4.2. India Digital Payment Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.              By Value

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.              By Organization Size

7.4.3. Japan Digital Payment Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.              By Value

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.              By Organization Size

7.4.4. South Korea Digital Payment Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.              By Value

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.              By Organization Size

7.4.5. Australia Digital Payment Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.              By Value

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.              By Organization Size

7.4.6. Singapore Digital Payment Market Outlook

7.4.6.1.         Market Size & Forecast

7.4.6.1.1.              By Value

7.4.6.2.         Market Share & Forecast

7.4.6.2.1.              By Organization Size

7.4.7. Malaysia Digital Payment Market Outlook

7.4.7.1.         Market Size & Forecast

7.4.7.1.1.              By Value

7.4.7.2.         Market Share & Forecast

7.4.7.2.1.              By Organization Size

8.     Europe Digital Payment Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value

8.2.   Market Share & Forecast

8.2.1. By Deployment Mode

8.2.2. By Organization Size

8.2.3. By Country

8.3.   Market Attractiveness Index

8.4.   Europe: Country Analysis

8.4.1. France Digital Payment Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.              By Value

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.              By Organization Size

8.4.2. Germany Digital Payment Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.              By Value

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.              By Organization Size

8.4.3. United Kingdom Digital Payment Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.              By Value

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.              By Organization Size

8.4.4. Italy Digital Payment Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.              By Value

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.              By Organization Size

8.4.5. Spain Digital Payment Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.              By Value

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.              By Organization Size

9.     North America Digital Payment Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value

9.2.   Market Share & Forecast

9.2.1. By Deployment Mode

9.2.2. By Organization Size

9.2.3. By Country

9.3.   Market Attractiveness Index

9.4.   North America: Country Analysis

9.4.1. United States Digital Payment Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.              By Value

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.              By Organization Size

9.4.2. Mexico Digital Payment Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.              By Value

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.              By Organization Size

9.4.3. Canada Digital Payment Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.              By Value

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.              By Organization Size

10.  South America Digital Payment Market Outlook

10.1.              Market Size & Forecast

10.1.1.   By Value

10.2.              Market Share & Forecast

10.2.1.   By Deployment Mode

10.2.2.   By Organization Size

10.2.3.   By Country

10.3.              Market Attractiveness Index

10.4.              South America: Country Analysis

10.4.1.   Brazil Digital Payment Market Outlook

10.4.1.1.       Market Size & Forecast

10.4.1.1.1.           By Value

10.4.1.2.       Market Share & Forecast

10.4.1.2.1.           By Organization Size

10.4.2.   Argentina Digital Payment Market Outlook

10.4.2.1.       Market Size & Forecast

10.4.2.1.1.           By Value

10.4.2.2.       Market Share & Forecast

10.4.2.2.1.           By Organization Size

10.4.3.   Colombia Digital Payment Market Outlook

10.4.3.1.       Market Size & Forecast

10.4.3.1.1.           By Value

10.4.3.2.       Market Share & Forecast

10.4.3.2.1.           By Organization Size

11.  Middle East and Africa Digital Payment Market Outlook

11.1.              Market Size & Forecast

11.1.1.   By Value

11.2.              Market Share & Forecast

11.2.1.   By Deployment Mode

11.2.2.   By Organization Size

11.2.3.   By Country

11.3.              Market Attractiveness Index

11.4.              MEA: Country Analysis

11.4.1.   South Africa Digital Payment Market Outlook

11.4.1.1.       Market Size & Forecast

11.4.1.1.1.           By Value

11.4.1.2.       Market Share & Forecast

11.4.1.2.1.           By Organization Size

11.4.2.   Saudi Arabia Digital Payment Market Outlook

11.4.2.1.       Market Size & Forecast

11.4.2.1.1.           By Value

11.4.2.2.       Market Share & Forecast

11.4.2.2.1.           By Organization Size

11.4.3.   UAE Digital Payment Market Outlook

11.4.3.1.       Market Size & Forecast

11.4.3.1.1.           By Value

11.4.3.2.       Market Share & Forecast

11.4.3.2.1.           By Organization Size

11.4.4.   Qatar Digital Payment Market Outlook

11.4.4.1.       Market Size & Forecast

11.4.4.1.1.           By Value

11.4.4.2.       Market Share & Forecast

11.4.4.2.1.           By Organization Size

12.  Supply Chain Analysis

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Market Trends & Developments

15.  Policy & Regulatory Landscape

16.  Competitive Landscape

16.1.              Competition Outlook

16.2.              Company Profiles (Top 10 Companies)

17. Strategic Recommendations

Figures and Tables

Frequently asked questions

Frequently asked questions

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