Global Payment Service Provider Market Covid-19 Impact Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2031

Global Payment Service Provider Market Overview:

“The global Payment Service Provider market size is expected to be worth around US$ 1,25,537.10 million by 2031 from US$ 48,400.00 million in 2021, growing at a CAGR of 9.99% during the forecast period 2021 to 2031.”

Request Covid - 19 Impact

It is complete with important statistics and other industry-relevant particulars, including factors expected to influence Payment Service Provider market progress, drivers, restraints, opportunities, trends, sales reviews, landmark developments (existing and anticipated), SWOT analysis, as well as information on other potential revenue generation prospects in un explored areas of operation.

The data collated by our analysts from both primary and secondary sources, are validated by data management solutions, and more importantly industry experts, to ensure genuine authenticity. The global Payment Service Provider market report will encompass imminent threats or challenges from existing industry contenders, as well as potential new market entrants. Additionally, this dossier will also explore existing as well as foreseeable impacts of the on-going COVID-19 pandemic.

Impacts of the COVID-19 Pandemic:

Most industries across the world have been negatively impacted over the last few months. This can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the globe.

The same applies to the global Payment Service Provider market. Moreover, consumer demand has also subsequently reduced as individuals are now more keen on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals have been severely affected by this outbreak.

These aforementioned elements are expected to burden the revenue trajectory of the global Payment Service Provider market over the forecast timeline. However, as respective governing authorities begin to lift these enforced lockdowns, the global Payment Service Provider market is expected to recover accordingly.

Who are the Major Payment Service Provider Market's Key Players?

Key industry players profiled in this global Payment Service Provider market include: 

ACI Worldwide, Inc., MasterCard International, Inc., Adyen, Global Payments Direct, Inc., CCBill, LLC., Discover Financial Services (Diners Club International Ltd ), Stripe, Total System Services, Inc., TSYS, Amazon Web Services, Inc., First Data Corporation, PayPal, Inc., Ingenico Group.

Segmentation of the Global Payment Service Provider Market:

Component

• Software
  • Payment Gateway Solutions
  • Payment Processing Solutions
  • Payment Security & Fraud Management Solutions
  • PoS Solutions
• Services
  • Consulting Services
  • System Integration & Implementation Services
  • Support & Maintenance Services
  • Managed/ Outsourced Services

Payment Channel

• Digital Wallets
• Token System
• Net Banking
• Real-time Payments
• Direct Carrier Billing

Payment Type

• Customer to Customer
• Customer to Business
• Business to Business

Application

• Checkout/ Recurring Payments
• e-Commerce

End Use

• Restaurants
• Travel & Booking
• Gaming
• Healthcare
• Retail

What are the Key Factors Covered in this Payment Service Provider Market Report?

• CAGR of the Payment Service Provider market during the forecast period 2021-2031.
• Precise estimation of the Payment Service Provider market size and its contribution to the parent market.
• Detailed information on factors that will drive Payment Service Provider market growth during the next ten years.
• Accurate predictions on upcoming trends and changes in consumer behaviour.
• The growth of the Payment Service Provider market across APAC, North America, Europe, South America, and MEA.
• A thorough analysis of the Payment Service Provider market’s competitive landscape and detailed information on key Players.
• Comprehensive details of factors that will challenge the growth of Payment Service Provider market vendors.
• Payment Service Provider Market’s Opportunity Orbits
• Market Investment Feasibility Index
• PEST Analysis
• PORTER’S Five Force Analysis
• Drivers & Restraints Impact Analysis
• Marketing Strategy
• Product Life Cycle Analysis
• Value Chain Analysis
• Cost Structure Analysis
• Macro-economic Factors