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The real time payments market is forecasted to grow by USD 112.31 billion during 2023-2028, accelerating at a CAGR of 40.94% during the forecast period. The report on the real time payments market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing adoption of smartphones and access to high-speed internet, increasing demand for payment solutions from customers and merchants, and government initiatives to promote digital payments.
The real time payments market is segmented as below:
By Component
- Solutions
- Services
By Deployment
- On-premises
- Cloud
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the real time payments market covers the following areas:
- Real time payments market sizing
- Real time payments market forecast
- Real time payments market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global real time payments market: ACE Software Solutions Inc., ACI Worldwide Inc., Ant Group, Apple Inc., Cognizant Technology Solutions Corp., Fidelity National Information Services Inc., Finastra, Fiserv Inc., Icon Solutions Ltd., Mastercard Inc., Microsoft Corp., Mindgate Solutions Pvt. Ltd., Montran Corp., PayPal Holdings Inc., Ripple Labs Inc., Sila Inc., Tata Consultancy Services Ltd., Temenos AG, Visa Inc., and Volante Technologies Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rapid digitalization in payments sector."
According to the report, one of the major drivers for this market is the increasing adoption of smartphones and access to high-speed internet.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ACE Software Solutions Inc.
- ACI Worldwide Inc.
- Ant Group
- Apple Inc.
- Cognizant Technology Solutions Corp.
- Fidelity National Information Services Inc.
- Finastra
- Fiserv Inc.
- Icon Solutions Ltd.
- Mastercard Inc.
- Microsoft Corp.
- Mindgate Solutions Pvt. Ltd.
- Montran Corp.
- PayPal Holdings Inc.
- Ripple Labs Inc.
- Sila Inc.
- Tata Consultancy Services Ltd.
- Temenos AG
- Visa Inc.
- Volante Technologies Inc.