Global Payment Processing Solutions Market is Projected to Reach $161.9 Billion by 2030: Players Include PayPal, Fiserv, Global Payments, FIS and Square
Global Market for Payment Processing Solutions
Dublin, March 17, 2023 (GLOBE NEWSWIRE) — The “Payment Processing Solutions: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Payment Processing Solutions estimated at US$58.5 Billion in the year 2022, is projected to reach a revised size of US$161.9 Billion by 2030, growing at a CAGR of 13.6% over the analysis period 2022-2030.
Credit Cards, one of the segments analyzed in the report, is projected to record 11.2% CAGR and reach US$67.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Debit Cards segment is readjusted to a revised 12.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $15.9 Billion, While China is Forecast to Grow at 18.6% CAGR
The Payment Processing Solutions market in the U.S. is estimated at US$15.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$38.4 Billion by the year 2030 trailing a CAGR of 18.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 11% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR.
Select Competitors (Total 72 Featured) –
- Global Payments
- ACI Worldwide
- Jack Henry & Associates
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
|No. of Pages||108|
|Forecast Period||2020 – 2027|
|Estimated Market Value (USD) in 2020||$47 Billion|
|Forecasted Market Value (USD) by 2027||$108.3 Billion|
|Compound Annual Growth Rate||12.7%|
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Payment Processing Solutions – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/p9758r
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