Global Real-Time Payments Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Real-Time Payments Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global real-time payments market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global real-time payments market report has been segmented on the basis of type, deployment model, service, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global real-time payments market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Real-time payment is an on-going payment service which can be availed at any time and duration. Real-time payment can be initiated from wide range of applications and diverse devices such as, tablets, smart phones, web application, and digital wallets. Financial transaction performed real-time are beneficiary for availability of immediate payments or funds digitally.
Increasing penetration of smartphones and growing demand for pay-now facility across the globe are key factors expected to drive growth of the global real-time payments market during the forecast period.
In addition, increasing demand for secure instant payment gateways and fast payment services across the globe is expected to boost growth of the global real-time payments market, owing to ability of real-time payments applications to provide highly secure framework for any transaction.
Increasing adoption of real-time payment systems among banking, financial services and insurance (BFSI) sector across the globe is for high speed and convenient payment modes. In addition, high-end services offered by real-time payment systems for various banking applications such as, efficient data handling, consumer analytics marketing, cost efficient payment-data silos, and immediate credit transaction are some factors expected to support growth of the global market in the near future.
Furthermore, rising digitalization among multiple sector is expected to advent growth of the global market during the forecast period owing to various benefits offered by digitalization such as, secure authorization, immediate posting, instant settlement, and immediate receipt of notification.
However, lack of interoperability between various sophisticated payment gateways is a major factor expected to restraint growth of the global market. In addition, increasing market competition from local market players for integration of advanced technology with legacy systems in order to cater the growing demand for real-time solutions is another factor expected to hamper growth of the leading players to a certain extent.
Market in North America is expected to dominate the global real-time payments market, owing to availability of required IT infrastructure and high awareness real-time payment gateways in countries in the region.
Market in Asia Pacific is expected to witness significant growth in the global market in terms of revenue, owing to increasing penetration of instant payment systems among emerging countries such as China, India, and Japan for simple, fast, and secure real-time payment framework.
Market in Europe is expected to witness high growth in terms of revenue, owing to increasing digitalization and IT infrastructure among various financial institutions and rising e-commerce sector in countries in the region.
Global Market Segmentation:
Global market segmentation, by payment type:
- Person-to-Person (P2P)
- Person-to-Government (P2G)
- Person-to-Business (P2B)
- Business-to-Person (B2P)
- Business-to-Business (B2B)
- Business-to-Government (B2G)
- Government-to-Person (G2P)
- Government-to-Business (G2B)
Global market segmentation, by deployment mode:
Global market segmentation, by component:
- Managed Services
- Professional Services
- Payment Processing Solution
- Payment Gateway Solution
- Payment Security Solution
- Fraud Management Solution
Global market segmentation, by application:
- Banking, Financial Services, and Insurance (BFSI)
- Information Technology (IT) and Telecom
- Healthcare and Education
- Manufacturing and Transportation
- Government and Utilities
- Construction and Retail
- Others (Food & Beverages, Oil & Gas, Real Estate)
Global market segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- ACI Worldwide, Inc.
- Fidelity National Information Services, Inc.
- Fiserv, Inc.
- Mastercard, Inc.
- Worldline SA
- Ant Financial Services Group
- Intelligent Payments Group Limited
- Tmenos AG
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