Digital payment is the payer-payee interface where payer, payee or both use electronics medium for the payment transaction. The digital payment market is enjoying the market growth with a CAGR of 14.4% and is likely to continue during the forecast period 2019-2025. Increasing technology adoption and internet penetration and seamless integration of payment solutions are contributing to the prominent role in the growth of the digital payment market. However, increasing security concerns and additional charges for making digital payments are hindering the growth of the digital payment market. Increasing demand for the digital payment market is providing the huge number of opportunities shortly.

Research Study Objectives:

• Define, estimate, and forecast the digital payment market statistics using payment, mode of payment, end-user, and regions concerning the individual growth drivers, market trends and their contribution toward the digital payment market growth
• Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
• Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
• Recent competitive developments including M&A (Mergers and Acquisitions), Partnerships, and Product Innovations are provided in the digital payment Market Analysis report.
• Analysis and conclusions on the future digital payment market outlook.

Top-down and bottom-up approaches are used to validate the digital payment Market Size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The digital payment Market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the digital payment market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.

The scope of the Report

The digital payment market segmentation is as follows:

By Means of payment

• Contact-less Payment Methods
• Contact Payment methods

By Mode of payment

• Bank Cards
• POS Cards
• ATMs
• Internet-based
• Digital currencies
• e-Wallets & Mobile Payment Applications
• Net banking
• Others

By End-user

• Retail
• Government
• Media & Entertainment
• Automobile
• Telecommunication & IT
• Transportation
• Banking & Financial Service
• Others

Geographical Analysis:

Digital Payment Market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.

Customization Options:

With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the digital payment Market include:

• Scope Revision
• Geographic Analysis
• Company Profiles
• Historical Data & Forecasting
• Key Contact Persons in companies

Global digital payment Market Research Report Includes:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOTanalysis, and Y-o-Y analysis.
• Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact on altering market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
• Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the significant digital payment market players, such as
  • Amazon, Inc.
  • PayPal Holdings, Inc.
  • Google LLC.
  • MasterCard Incorporated
  • Visa Inc.

Along with these companies, many other companies are considered in the report while analysing the global digital payment competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.