The size of the Global Digital Payment Market was estimated at USD 3.53 trillion in 2018 and is anticipated to grow at a CAGR of 24.4% to reach USD 19.89 trillion in transaction value by 2026.
The Global Digital Payment Market Growth Research 2019-2026 provides illuminating data on the current tendencies, challenges, market risks, and market restraints of top suppliers. This report covers the geographic segmentation, scope of the current demand, growth rate analysis, industry revenue, and CAGR status in great detail. This Digital Payment Market report offers qualitative and quantitative analysis of company profiles, investment opportunities, development strategies, industry size, and market share valuations on a global scale.
Get a sample PDF of the report (which includes graphs and tables):-
https://www.fortunebusinessinsights.com/enquiry/sample/digital-payment-market-101972
Which company dominates the Global Digital Payment Market?
- Alipay.com Co Ltd
- Amazon.com Inc.
- American Express Co.
- Facebook Inc.
- Google Inc.
- MasterCard International, Inc.
- Microsoft Corporation
- PayPal Holdings, Inc.
What are the factors driving the growth of the Digital Payment Market?
The development of e-commerce and technology-driven initiatives are important drivers of the market trends for digital payments. The top players in the market for digital payments today are Apple, Google, Samsung Pay, and Alipay. These players have increased their businesses in the digital payment services industry and made sizable investments in cutting-edge technology. For instance, Alipay was developed by Alibaba, a Chinese e-commerce company, to help customers and sellers make payments, thereby enhancing business operations and increasing customer engagement.
What are the geographical insights of the Digital Payment Market?
During the forecast period, India and Japan are expected to gain more traction in the digital payment market, which is expected to be led by Asia-Pacific. Compared to other regions, APAC is likely to have a higher adoption rate for mobile payments and digital wallets. Given their large populations and high smartphone penetration, China and India represent two of the most lucrative markets for digital payments.
After demonetization in 2016, India has shifted to mobile payments and digital wallets. In the upcoming years, it is anticipated that initiatives by the Indian government, like Digital India, will increase the revenue generated by the digital payment market. More than 50% of online transactions in China are anticipated to be funded by revenue generated by the e-commerce behemoth Alibaba Ltd.
Read More On The Digital Payment Market Report At:
https://www.fortunebusinessinsights.com/digital-payment-market-101972
An overview of the report
- The report provides a comprehensive analysis of recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2030, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2030.
Analysts have segmented the "Digital Payment Market" into application, type, and regional segments to aid market participants in better understanding the market. Each segment clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Digital Payment Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
View Additional Related Reports:
Business Process Management Market Size & Forecast [2028]
Contact Center Software Market Size | Regional Forecast [2030]
Digital Transformation Market Growth with Size & Share [2030]
Gesture Recognition Market Size, Share & Forecast [2030]
About Us:
Fortune Business Insights provides thorough corporate analysis and reliable data to assist businesses of all sizes in making timely decisions. We create customized, cutting-edge solutions for our clients in order to help them overcome challenges particular to their industries. In order to provide our clients with a detailed overview of the market they are operating in, we strive to provide them with comprehensive market intelligence.
At Fortune Business Insights, we aim to highlight our clients' most lucrative growth opportunities. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact:
Email: sales@fortunebusinessinsights.com
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245
