Payment As A Service Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00125436
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:5.89
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 5.89
Information & Technology-companies
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Report Overview

The Payment-as-a-Service Market is projected to grow at a CAGR of 17.63% between 2022 and 2032. The market size is forecast to increase by USD 39,875.26 million during this period. The growth of the Payment-as-a-Service Market is driven by the increasing adoption of digital payment solutions, the demand for secure and convenient payment methods, and the proliferation of e-commerce and mobile commerce.

Market Overview:

Drivers:

The Payment-as-a-Service Market is experiencing robust growth due to the shift from traditional payment methods to digital solutions. Payment-as-a-Service platforms offer organizations the ability to integrate and offer various payment options seamlessly.

Moreover, the demand for secure and convenient payment experiences is driving the adoption of Payment-as-a-Service solutions. Consumers expect streamlined and frictionless payment processes across online and offline channels.

Trends:

The rise of mobile payment apps and digital wallets is influencing the Payment-as-a-Service Market. Mobile payment solutions enable consumers to make payments using their smartphones, transforming the way transactions are conducted.

Furthermore, the adoption of contactless and NFC-based payments is a significant trend. Contactless payments offer speed and convenience, making them particularly appealing in retail and hospitality sectors.

Restraints:

Security concerns related to digital payments can restrain the growth of the Payment-as-a-Service Market. Organizations need to ensure that payment transactions and customer data are protected from unauthorized access and fraud.

Additionally, regulatory challenges and compliance requirements can pose barriers, particularly for cross-border payments and global transactions.

Payment-as-a-Service Market Segmentation by Service Type:

The e-commerce segment is expected to witness significant growth during the forecast period. E-commerce platforms benefit from integrated Payment-as-a-Service solutions that offer a variety of payment options to customers.

Payment-as-a-Service Market Segmentation by Payment Method:

The mobile wallets segment is anticipated to experience strong growth in the Payment-as-a-Service Market. Mobile wallets provide consumers with a convenient way to store payment information and make transactions.

Regional Overview:


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North America is expected to lead the global Payment-as-a-Service Market, driven by the region's high digital payment adoption, technological advancements, and consumer demand for seamless payment experiences.

Moreover, the Asia Pacific (APAC) region is projected to experience substantial growth as countries in the region leapfrog traditional payment methods and adopt digital payment solutions.

Payment-as-a-Service Market Customer Landscape:

The report includes insights into the customer landscape, identifying industries and sectors that extensively use Payment-as-a-Service solutions. It outlines customer preferences, such as user-friendly interfaces, security features, and support for multiple currencies.

Major Payment-as-a-Service Market Companies:

Companies in the Payment-as-a-Service Market are adopting strategies such as partnerships, acquisitions, and technological advancements to strengthen their market position.

Sample companies in the Payment-as-a-Service Market include:

  • PayPal Holdings, Inc.
  • Stripe, Inc.
  • Adyen N.V.
  • Square, Inc.
  • Braintree (a PayPal Service)
  • Fiserv, Inc.
  • Worldpay (FIS)
  • Global Payments Inc.
  • PayU Group
  • Ingenico Group

Segment Overview:

The Payment-as-a-Service Market report provides revenue forecasts at global, regional, and country levels, analyzing trends and opportunities from 2019 to 2032.

  • Service Type Outlook (USD Million, 2019 - 2032)
    • E-commerce
    • Retail
    • Hospitality
    • Healthcare
    • Others
  • Payment Method Outlook (USD Million, 2019 - 2032)
    • Mobile Wallets
    • Credit/Debit Cards
    • Bank Transfers
    • Digital Currencies
    • Others
  • Geography Outlook (USD Million, 2019 - 2032)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • Japan
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • UAE
      • South Africa
      • Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Payment as a Service MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition   

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Payment as a Service MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Payment as a Service Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Payment as a Service MARKET BY Types of services landscape

SIGHTS & TRENDS                                                               

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Merchant Financing

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Regulatory Compliance

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Security and Fraud Protection

    5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.5 Payment Applications and Gateways

    5.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Payment as a Service MARKET BY End user INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Retail and E-commerce

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 BFSI

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4 Hospitality

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.5 Media and Entertainment

    6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Payment as a Service MARKET REGIONAL OUTLOOK

7.1. Payment as a Service Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Payment as a Service Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Payment as a Service Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Payment as a Service Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Payment as a Service Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Payment as a Service Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 FIS

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2 Thales Group

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3 Ingenico Group

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4 Agilysys

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5 Paysafe Holdings UK Limited

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6 Company 6

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7 Company 7

   9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8 Company 8

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9 Company 9

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10 Company 10

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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