Digital Payment Systems Market by Type (Bank Cards, Unstructured Supplementary Data Service (USSD), Mobile wallets, Internet Banking, PoS (Point of Sale), Others), Industry Verticals (Banking Sector, Transportation Industry, Retail Industry, Telecommunications Industry, Others), Device (Smartphones, Tablets, Laptops, Others), Solution (Payment Wallet, Payment Gateway, Payment Security, Payment Processing) Players and Region - Global Market Outlook to 2027

ID : INT183564 Category : Banking Financial Services & Insurance Pages : 200 Views : 101

Description Table Of Contents Tables & Figures Research Methodology

Digital Payment Systems are used to send and receive money through electronic platforms which do not involve any hard cash. It is an easy, instant, and convenient way for online money transactions. However, there are some issues related to cybersecurity like personal data may get hacked and unexpected technical issues might create problems. The demand for Online Payment systems is continuously growing globally because of the eCommerce market and better customer experience

Growth Drivers

Prevalence of use of Smartphones with Good Network Connectivity and Digital Platforms
Rising Need for Eliminating Black Money Transactions

Roadblocks

The Cybersecurity Related Theft Associated with Using Digital Payment Systems
Lack of Knowledge about Digital Payment Systems in Rural Regions of the World

Opportunities

Rising Promotional Events and Activities of Cashless Payments will Boost the Digital Payment System Market
The Advancement and Development in Digital Payment System Technology
Growing Use of the E-commerce Industry

Challenges

Unexpected Technological Errors can Hinder the Market
The Necessity of Internet Access

Competitive Landscape:

Some of the key players profiled in the report are

Android Pay (Google LLC) (United States)
ACI Worldwide (United States)
PayPal Holdings Inc. (United States)
Adyen (Netherlands)
Global Payments (United States)
Amex Pay (American Express) (United States)
FIS (United States)
Novatti Group Ltd. (Australia)
Total System Services Inc. (United States)
PayU Group (Netherlands)
Dwolla Inc. (United States)
NTT DATA Corporation (Japan).

Key Segmentation Covered

By Type

Bank Cards
Unstructured Supplementary Data Service (USSD)
Mobile wallets
Internet Banking
PoS (Point of Sale)
Others

By Industry Verticals

Banking Sector
Transportation Industry
Retail Industry
Telecommunications Industry
Others

By Device

Smartphones
Tablets
Laptops
Others

By Solution

Payment Wallet
Payment Gateway
Payment Security
Payment Processing

By Regions

South America
- Brazil
- Argentina
- Rest of South America
Asia Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Australia
- Rest of Asia-Pacific
Europe
- Germany
- France
- Italy
- United Kingdom
- Netherlands
- Rest of Europe
MEA
- Middle East
- Africa
North America
- United States
- Canada
- Mexico

List of Tables

List of Figures

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)

Frequently asked questions(FAQ's):

What are the major applications of the Digital Payment Systems Market?

Depending upon the type of applications, the Digital Payment Systems Market has been segmented into and other applications.

What is the forecasted growth rate of the Digital Payment Systems Market?

The Digital Payment Systems Market is expected to grow at a moderate CAGR during the forecast period of 2024 to 2029.

What trends may have an impact on the Digital Payment Systems Market's growth?

A handful of disruptive trends, nevertheless, will have a contradictory and significant impact on the development of the Digital Payment Systems Market as well as its distribution among its players

Who should consider the Digital Payment Systems Market study?

The Digital Payment Systems Industry stakeholders, executives, and experts, as well as individuals who need to develop consumer-friendly strategies and use technology to stay ahead of the competition.

Methodology/Research Approach

Research Programs/Design

Market Size Estimation

Market Breakdown and Data Triangulation

Data Source

Frequently asked questions(FAQ's):

Company

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