6 Digital Payment Market, by Offering
6.1 Introduction
6.1.1 Offering: Market Drivers
Figure 29 Services Segment to Grow at Higher CAGR During Forecast Period
Table 16 Market, by Offering, 2018-2022 (USD Million)
Table 17 Market, by Offering, 2023-2028 (USD Million)
6.2 Solutions
Figure 30 Payment Wallet to Grow at Highest CAGR During Forecast Period
Table 18 Market, by Solution, 2018-2022 (USD Million)
Table 19 Digital Payment Market, by Solution, 2023-2028 (USD Million)
6.2.1 Payment Gateways
6.2.1.1 Strong Support in Processing Customer Payment Credentials and Authorizing Their Payments to Drive Growth
Table 20 Payment Gateways: Market, by Region, 2018-2022 (USD Million)
Table 21 Payment Gateways: Market, by Region, 2023-2028 (USD Million)
6.2.2 Payment Processors
6.2.2.1 Increasing Demand for Transactions Through Various Modes to Boost Growth
Table 22 Payment Processors: Market, by Region, 2018-2022 (USD Million)
Table 23 Payment Processors: Market, by Region, 2023-2028 (USD Million)
6.2.3 Payment Wallet
6.2.3.1 Rising Demand for Secure and Convenient Payment Solutions in Various Verticals to Encourage Market Expansion
Table 24 Payment Wallet: Digital Payment Market, by Region, 2018-2022 (USD Million)
Table 25 Payment Wallet: Market, by Region, 2023-2028 (USD Million)
6.2.4 Point-Of-Sale Solutions
6.2.4.1 Elimination of Need for Tracking Multiple Payment Systems to Boost Growth
Table 26 Point-Of-Sale Solutions: Market, by Region, 2018-2022 (USD Million)
Table 27 Point-Of-Sale Solutions: Market, by Region, 2023-2028 (USD Million)
6.2.5 Other Solutions
Table 28 Other Solutions: Market, by Region, 2018-2022 (USD Million)
Table 29 Other Solutions: Market, by Region, 2023-2028 (USD Million)
6.3 Services
Figure 31 Managed Services to Grow at Higher CAGR During Forecast Period
Table 30 Market, by Service, 2018-2022 (USD Million)
Table 31 Market, by Service, 2023-2028 (USD Million)
6.3.1 Professional Services
6.3.1.1 Rising Expertise and Consulting Offerings to Optimize Payment Processes and Enhance Security to Propel Growth
Figure 32 Consulting Services to be Fastest-Growing Segment During Forecast Period
Table 32 Digital Payment Market, by Professional Service, 2018-2022 (USD Million)
Table 33 Market, by Professional Service, 2023-2028 (USD Million)
6.3.1.2 Consulting
Table 34 Consulting: Market, by Region, 2018-2022 (USD Million)
Table 35 Consulting: Market, by Region, 2023-2028 (USD Million)
6.3.1.3 Implementation
Table 36 Implementation: Market, by Region, 2018-2022 (USD Million)
Table 37 Implementation: Market, by Region, 2023-2028 (USD Million)
6.3.1.4 Support & Maintenance
Table 38 Support & Maintenance: Market, by Region, 2018-2022 (USD Million)
Table 39 Support & Maintenance: Market, by Region, 2023-2028 (USD Million)
6.3.2 Managed Services
6.3.2.1 Emergence of Hosted Payment Solutions to Contribute to Market Growth
10 Digital Payment Market, by Region
10.1 Introduction
Figure 36 Asia-Pacific to Register Highest CAGR During Forecast Period
Table 76 Market, by Region, 2018-2022 (USD Million)
Table 77 Market, by Region, 2023-2028 (USD Million)
10.2 North America
10.2.1 North America: Market Drivers
10.2.2 North America: Recession Impact Analysis
Figure 37 North America: Market Snapshot
Table 78 North America: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 79 North America: Market, by Offering, 2023-2028 (USD Million)
Table 80 North America: Market, by Solution, 2018-2022 (USD Million)
Table 81 North America: Market, by Solution, 2023-2028 (USD Million)
Table 82 North America: Market, by Service, 2018-2022 (USD Million)
Table 83 North America: Market, by Service, 2023-2028 (USD Million)
Table 84 North America: Market, by Professional Service, 2018-2022 (USD Million)
Table 85 North America: Market, by Professional Service, 2023-2028 (USD Million)
Table 86 North America: Market, by Transaction Type, 2018-2022 (USD Million)
Table 87 North America: Market, by Transaction Type, 2023-2028 (USD Million)
Table 88 North America: Market, by Payment Mode, 2018-2022 (USD Million)
Table 89 North America: Market, by Payment Mode 2023-2028 (USD Million)
Table 90 North America: Market, by Vertical, 2018-2022 (USD Million)
Table 91 North America: Market, by Vertical, 2023-2028 (USD Million)
Table 92 North America: Market, by Country, 2018-2022 (USD Million)
Table 93 North America: Market, by Country, 2023-2028 (USD Million)
10.2.3 US
10.2.3.1 Presence of Huge Financial Institutions to Encourage Market Expansion
Table 94 US: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 95 US: Market, by Offering, 2023-2028 (USD Million)
Table 96 US: Market, by Solution, 2018-2022 (USD Million)
Table 97 US: Market, by Solution, 2023-2028 (USD Million)
Table 98 US: Market, by Service, 2018-2022 (USD Million)
Table 99 US: Market, by Service, 2023-2028 (USD Million)
Table 100 US: Market, by Professional Service, 2018-2022 (USD Million)
Table 101 US: Market, by Professional Service, 2023-2028 (USD Million)
Table 102 US: Market, by Transaction Type, 2018-2022 (USD Million)
Table 103 US: Market, by Transaction Type, 2023-2028 (USD Million)
Table 104 US: Market, by Payment Mode, 2018-2022 (USD Million)
Table 105 US: Market, by Payment Mode, 2023-2028 (USD Million)
Table 106 US: Market, by Vertical, 2018-2022 (USD Million)
Table 107 US: Market, by Vertical, 2023-2028 (USD Million)
10.2.4 Canada
10.2.4.1 Rapid Adoption of Digitalized Platforms Such as Contactless Ecommerce to Boost Growth
Table 108 Canada: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 109 Canada: Market, by Offering, 2023-2028 (USD Million)
Table 110 Canada: Market, by Solution, 2018-2022 (USD Million)
Table 111 Canada: Market, by Solution, 2023-2028 (USD Million)
Table 112 Canada: Market, by Service, 2018-2022 (USD Million)
Table 113 Canada: Market, by Service, 2023-2028 (USD Million)
Table 114 Canada: Market, by Professional Service, 2018-2022 (USD Million)
Table 115 Canada: Market, by Professional Service, 2023-2028 (USD Million)
Table 116 Canada: Market, by Transaction Type, 2018-2022 (USD Million)
Table 117 Canada: Market, by Transaction Type, 2023-2028 (USD Million)
Table 118 Canada: Market, by Payment Mode, 2018-2022 (USD Million)
Table 119 Canada: Market, by Payment Mode 2023-2028 (USD Million)
Table 120 Canada: Market, by Vertical, 2018-2022 (USD Million)
Table 121 Canada: Market, by Vertical, 2023-2028 (USD Million)
10.3 Europe
10.3.1 Europe: Market Drivers
10.3.2 Europe: Recession Impact Analysis
Table 122 Europe: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 123 Europe: Market, by Offering, 2023-2028 (USD Million)
Table 124 Europe: Market, by Solution, 2018-2022 (USD Million)
Table 125 Europe: Market, by Solution, 2023-2028 (USD Million)
Table 126 Europe: Market, by Service, 2018-2022 (USD Million)
Table 127 Europe: Market, by Service, 2023-2028 (USD Million)
Table 128 Europe: Market, by Professional Service, 2018-2022 (USD Million)
Table 129 Europe: Market, by Professional Service, 2023-2028 (USD Million)
Table 130 Europe: Market, by Transaction Type, 2018-2022 (USD Million)
Table 131 Europe: Market, by Transaction Type, 2023-2028 (USD Million)
Table 132 Europe: Market, by Payment Mode, 2018-2022 (USD Million)
Table 133 Europe: Market, by Payment Mode, 2023-2028 (USD Million)
Table 134 Europe: Market, by Vertical, 2018-2022 (USD Million)
Table 135 Europe: Market, by Vertical, 2023-2028 (USD Million)
Table 136 Europe: Market, by Country, 2018-2022 (USD Million)
Table 137 Europe: Market, by Country, 2023-2028 (USD Million)
10.3.3 UK
10.3.3.1 Increased Use of Cards and Popularity of Contactless Payments to Propel Growth
Table 138 UK: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 139 UK: Market, by Offering, 2023-2028 (USD Million)
Table 140 UK: Market, by Solution, 2018-2022 (USD Million)
Table 141 UK: Market, by Solution, 2023-2028 (USD Million)
Table 142 UK: Market, by Service, 2018-2022 (USD Million)
Table 143 UK: Market, by Service, 2023-2028 (USD Million)
Table 144 UK: Market, by Professional Service, 2018-2022 (USD Million)
Table 145 UK: Market, by Professional Service, 2023-2028 (USD Million)
Table 146 UK: Market, by Transaction Type, 2018-2022 (USD Million)
Table 147 UK: Market, by Transaction Type, 2023-2028 (USD Million)
Table 148 UK: Market, by Payment Mode, 2018-2022 (USD Million)
Table 149 UK: Market, by Payment Mode, 2023-2028 (USD Million)
Table 150 UK: Market, by Vertical, 2018-2022 (USD Million)
Table 151 UK: Market, by Vertical, 2023-2028 (USD Million)
10.3.4 Germany
10.3.4.1 Increasing Smartphone and Internet Penetration in Fintech Sector to Fuel Growth
Table 152 Germany: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 153 Germany: Market, by Offering, 2023-2028 (USD Million)
Table 154 Germany: Market, by Solution, 2018-2022 (USD Million)
Table 155 Germany: Market, by Solution, 2023-2028 (USD Million)
Table 156 Germany: Market, by Service, 2018-2022 (USD Million)
Table 157 Germany: Market, by Service, 2023-2028 (USD Million)
Table 158 Germany: Market, by Professional Service, 2018-2022 (USD Million)
Table 159 Germany: Market, by Professional Service, 2023-2028 (USD Million)
Table 160 Germany: Market, by Transaction Type, 2018-2022 (USD Million)
Table 161 Germany: Market, by Transaction Type, 2023-2028 (USD Million)
Table 162 Germany: Market, by Payment Mode, 2018-2022 (USD Million)
Table 163 Germany: Market, by Payment Mode, 2023-2028 (USD Million)
Table 164 Germany: Market, by Vertical, 2018-2022 (USD Million)
Table 165 Germany: Market, by Vertical, 2023-2028 (USD Million)
10.3.5 France
10.3.5.1 Strong Government Initiatives to Promote Instant Payment Methods to Drive Growth
10.3.6 Spain
10.3.6.1 Shift Toward Adoption and Acceptance of Electronic Payments to Boost Growth
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Asia-Pacific: Market Drivers
10.4.2 Asia-Pacific: Recession Impact Analysis
Figure 38 Asia-Pacific: Digital Payment Market Snapshot
Table 166 Asia-Pacific: Market, by Offering, 2018-2022 (USD Million)
Table 167 Asia-Pacific: Market, by Offering, 2023-2028 (USD Million)
Table 168 Asia-Pacific: Market, by Solution, 2018-2022 (USD Million)
Table 169 Asia-Pacific: Market, by Solution, 2023-2028 (USD Million)
Table 170 Asia-Pacific: Market, by Service, 2018-2022 (USD Million)
Table 171 Asia-Pacific: Market, by Service, 2023-2028 (USD Million)
Table 172 Asia-Pacific: Market, by Professional Service, 2018-2022 (USD Million)
Table 173 Asia-Pacific: Market, by Professional Service, 2023-2028 (USD Million)
Table 174 Asia-Pacific: Market, by Transaction Type, 2018-2022 (USD Million)
Table 175 Asia-Pacific: Market, by Transaction Type, 2023-2028 (USD Million)
Table 176 Asia-Pacific: Market, by Payment Mode, 2018-2022 (USD Million)
Table 177 Asia-Pacific: Market, by Payment Mode, 2023-2028 (USD Million)
Table 178 Asia-Pacific: Market, by Vertical, 2018-2022 (USD Million)
Table 179 Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
Table 180 Asia-Pacific: Market, by Country, 2018-2022 (USD Million)
Table 181 Asia-Pacific: Market, by Country, 2023-2028 (USD Million)
10.4.3 China
10.4.3.1 Robust Government Initiatives to Launch Digital Currency and Enable Cross-Border Business Payments to Drive Market
Table 182 China: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 183 China: Market, by Offering, 2023-2028 (USD Million)
Table 184 China: Market, by Solution, 2018-2022 (USD Million)
Table 185 China: Market, by Solution, 2023-2028 (USD Million)
Table 186 China: Market, by Service, 2018-2022 (USD Million)
Table 187 China: Market, by Service, 2023-2028 (USD Million)
Table 188 China: Market, by Professional Service, 2018-2022 (USD Million)
Table 189 China: Market, by Professional Service, 2023-2028 (USD Million)
Table 190 China: Market, by Transaction Type, 2018-2022 (USD Million)
Table 191 China: Market, by Transaction Type, 2023-2028 (USD Million)
Table 192 China: Market, by Payment Mode, 2018-2022 (USD Million)
Table 193 China: Market, by Payment Mode, 2023-2028 (USD Million)
Table 194 China: Market, by Vertical, 2018-2022 (USD Million)
Table 195 China: Market, by Vertical, 2023-2028 (USD Million)
10.4.4 India
10.4.4.1 Robust Efforts to Support Digital India Initiative for Strong Internet Connectivity to Drive Market
Table 196 India: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 197 India: Market, by Offering, 2023-2028 (USD Million)
Table 198 India: Market, by Solution, 2018-2022 (USD Million)
Table 199 India: Market, by Solution, 2023-2028 (USD Million)
Table 200 India: Market, by Service, 2018-2022 (USD Million)
Table 201 India: Market, by Service, 2023-2028 (USD Million)
Table 202 India: Market, by Professional Service, 2018-2022 (USD Million)
Table 203 India: Market, by Professional Service, 2023-2028 (USD Million)
Table 204 India: Market, by Transaction Type, 2018-2022 (USD Million)
Table 205 India: Market, by Transaction Type, 2023-2028 (USD Million)
Table 206 India: Market, by Payment Mode, 2018-2022 (USD Million)
Table 207 India: Market, by Payment Mode, 2023-2028 (USD Million)
Table 208 India: Market, by Vertical, 2018-2022 (USD Million)
Table 209 India: Market, by Vertical, 2023-2028 (USD Million)
10.4.5 Japan
10.4.5.1 High Usage of Credit Cards for Transactions to Boost Market
10.4.6 Australia & New Zealand (Anz)
10.4.6.1 Rising Popularity of Ecommerce to Propel Growth
10.4.7 Rest of Asia-Pacific
10.5 Middle East & Africa
10.5.1 Middle East & Africa: Market Drivers
Table 210 Middle East & Africa: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 211 Middle East & Africa: Market, by Offering, 2023-2028 (USD Million)
Table 212 Middle East & Africa: Market, by Solution, 2018-2022 (USD Million)
Table 213 Middle East & Africa: Market, by Solution, 2023-2028 (USD Million)
Table 214 Middle East & Africa: Market, by Service, 2018-2022 (USD Million)
Table 215 Middle East & Africa: Market, by Service, 2023-2028 (USD Million)
Table 216 Middle East & Africa: Market, by Professional Service, 2018-2022 (USD Million)
Table 217 Middle East & Africa: Market, by Professional Service, 2023-2028 (USD Million)
Table 218 Middle East & Africa: Market, by Transaction Type, 2018-2022 (USD Million)
Table 219 Middle East & Africa: Market, by Transaction Type, 2023-2028 (USD Million)
Table 220 Middle East & Africa: Market, by Payment Mode, 2018-2022 (USD Million)
Table 221 Middle East & Africa: Market, by Payment Mode, 2023-2028 (USD Million)
Table 222 Middle East & Africa: Market, by Vertical, 2018-2022 (USD Million)
Table 223 Middle East & Africa: Market, by Vertical, 2023-2028 (USD Million)
Table 224 Middle East & Africa: Market, by Country, 2018-2022 (USD Million)
Table 225 Middle East & Africa: Market, by Country, 2023-2028 (USD Million)
10.5.2 UAE
10.5.2.1 Rising Popularity of Digital Platforms, Growth in Ecommerce, and Technological Advancements to Drive Demand
Table 226 UAE: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 227 UAE: Market, by Offering, 2023-2028 (USD Million)
Table 228 UAE: Market, by Solution, 2018-2022 (USD Million)
Table 229 UAE: Market, by Solution, 2023-2028 (USD Million)
Table 230 UAE: Market, by Service, 2018-2022 (USD Million)
Table 231 UAE: Market, by Service, 2023-2028 (USD Million)
Table 232 UAE: Market, by Professional Service, 2018-2022 (USD Million)
Table 233 UAE: Market, by Professional Service, 2023-2028 (USD Million)
Table 234 UAE: Market, by Transaction Type, 2018-2022 (USD Million)
Table 235 UAE: Market, by Transaction Type, 2023-2028 (USD Million)
Table 236 UAE: Market, by Payment Mode, 2018-2022 (USD Million)
Table 237 UAE: Market, by Payment Mode, 2023-2028 (USD Million)
Table 238 UAE: Market, by Vertical, 2018-2022 (USD Million)
Table 239 UAE: Market, by Vertical, 2023-2028 (USD Million)
10.5.3 Saudi Arabia
10.5.3.1 Growing Use of Smartphones and Internet Penetration to Contribute to Market Growth
10.5.4 South Africa
10.5.4.1 Government's Rapid Payments Program to Enable New Entrants to Access Core Payment Systems
10.5.5 Rest of Middle East & Africa
10.6 Latin America
10.6.1 Latin America: Market Drivers
10.6.2 Latin America: Recession Impact Analysis
Table 240 Latin America: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 241 Latin America: Market, by Offering, 2023-2028 (USD Million)
Table 242 Latin America: Market, by Solution, 2018-2022 (USD Million)
Table 243 Latin America: Market, by Solution, 2023-2028 (USD Million)
Table 244 Latin America: Market, by Service, 2018-2022 (USD Million)
Table 245 Latin America: Market, by Service, 2023-2028 (USD Million)
Table 246 Latin America: Market, by Professional Service, 2018-2022 (USD Million)
Table 247 Latin America: Market, by Professional Service, 2023-2028 (USD Million)
Table 248 Latin America: Market, by Transaction Type, 2018-2022 (USD Million)
Table 249 Latin America: Market, by Transaction Type, 2023-2028 (USD Million)
Table 250 Latin America: Market, by Payment Mode, 2018-2022 (USD Million)
Table 251 Latin America: Market, by Payment Mode, 2023-2028 (USD Million)
Table 252 Latin America: Market, by Vertical, 2018-2022 (USD Million)
Table 253 Latin America: Market, by Vertical, 2023-2028 (USD Million)
Table 254 Latin America: Market, by Country, 2018-2022 (USD Million)
Table 255 Latin America: Market, by Country, 2023-2028 (USD Million)
10.6.3 Brazil
10.6.3.1 Improved Economic Conditions, Rapid Urbanization, and Expansion of Ecommerce Industry to Drive Market in Brazil
Table 256 Brazil: Digital Payment Market, by Offering, 2018-2022 (USD Million)
Table 257 Brazil: Market, by Offering, 2023-2028 (USD Million)
Table 258 Brazil: Market, by Solution, 2018-2022 (USD Million)
Table 259 Brazil: Market, by Solution, 2023-2028 (USD Million)
Table 260 Brazil: Market, by Service, 2018-2022 (USD Million)
Table 261 Brazil: Market, by Service, 2023-2028 (USD Million)
Table 262 Brazil: Market, by Professional Service, 2018-2022 (USD Million)
Table 263 Brazil: Market, by Professional Service, 2023-2028 (USD Million)
Table 264 Brazil: Market, by Transaction Type, 2018-2022 (USD Million)
Table 265 Brazil: Market, by Transaction Type, 2023-2028 (USD Million)
Table 266 Brazil: Market, by Payment Mode, 2018-2022 (USD Million)
Table 267 Brazil: Market, by Payment Mode 2023-2028 (USD Million)
Table 268 Brazil: Market, by Vertical, 2018-2022 (USD Million)
Table 269 Brazil: Digital Payment Market, by Vertical, 2023-2028 (USD Million)
10.6.4 Mexico
10.6.4.1 Launch of Social Benefit Programs to Increase Digital Transactions to Contribute to Market Growth
10.6.5 Rest of Latin America