The global payment processing solutions market size is expected to grow from USD 39.3 billion in 2019 to USD 64.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of +10% during the forecast period. Major driving factors for the market are the growing initiatives for the promotion of digital and online payments, high proliferation of smartphones, focus on improving customer experience, and customers’ demand for immediacy of payments and settlements. These factors are expected to drive the global Payment Processing Solutions Market.
By payment method, the credit card segment to hold the largest Payment Processing Solutions Market size during the forecast period
A credit card is a payment card issued to users (cardholders), enabling the cardholder to pay a merchant for goods and services, and pay them for the amounts along with the other agreed charges. The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. A credit card enables consumers to build a continuing balance of debt, subject to interest being charged.
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Top key player profiled in this report:
Amazon Payments, PayPal, Stripe, CyberSource, Square, AppFrontier, Southern Payment Systems, FIS, BluePay Processing, JPMorgan Chase, Heartland Payment Systems, Sage Group, OPay, ProPay, PayU, Chargebee
Reasons for buying this report:
- A comprehensive list of key market players operating in the Global Payment Processing Software Market.
- Analysis of the different market segments such as type, size, applications, and end-users.
- It offers a descriptive analysis of demand-supply chaining in the Global Payment Processing Software Market.
- Statistical analysis of some significant economics facts
- Figures, charts, graphs, pictures to describe the market clearly.
The competitive landscape of the Global Payment Processing Software Market has been described with detailed analysis. Furthermore, researchers throw light on some small scale and medium scale industries to differentiate the strategies carried out by them. Additionally, it highlights the major key players operating across the global regions like North America, Latin America, Asia-Pacific, Africa, and Europe.
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Payment Processing Solutions Market By Payment Method:
- Credit card
- Debit card
Payment Processing Solutions Market By Vertical:
- Utilities and telecommunication
- Other verticals (leisure and entertainment, healthcare and fitness, and insurance)
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Table of Contents:
Chapter 1: Global Payment Processing Software Market Overview
Chapter 2: Economic Impact on Industry
Chapter 3: Market Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Payment Processing Software Market Forecast
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