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Payment Service Provider Market

Payment Service Provider Market (Component: Software [Payment Gateway Solutions, Payment Processing Solutions, Payment Security & Fraud Management Solutions, and PoS Solutions] and Services [Consulting Services, System Integration & Implementation Services, Support & Maintenance Services, and Managed/Outsourced Services]; Payment Channel: Digital Wallets, Token System, Net Banking, Real-time Payments, and Direct Carrier Billing; Payment Type: Customer to Customer, Customer to Business, and Business to Business; Application: Checkout/Recurring Payments and e-Commerce}; and End Use: Restaurants, Travel & Booking, Gaming, Healthcare, Retail, e-Commerce, Entertainment, BFSI, Telecommunications, and Others ) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Cryptocurrency Wallets and Blockchain Technology Eliminate Third-party Transactions

Worldwide digital transactions are surging due to innovation in Fintech. Likewise, digital wallets are sweeping the payment service provider market at the lightening speed, from a revenue share of ~19% in 2019 to ~25% by 2027. Hence, companies are capitalizing on various trends in the digital wallets, such as cryptocurrency wallets and blockchain technology that have established a network of secure payments. Cryptocurrency is no more reserved for multi-million dollar brands or exclusive investors. Thus, greater transparency in transactions with the help of the blockchain technology is creating waves of innovations in the payment service provider market.

Easy accessibility of cryptocurrency wallets for startups and small-scale businesses have led to increased adoption of digital wallets. Such trends are contributing toward the growth of the payment service provider market. Innovations in digital wallets have also led to the emergence of several cryptocurrency wallet app solutions in the market for payment service providers. Thus, the blockchain technology is eliminating the need for a third-party transaction, which allows secure transactions and also lowers costs.

payment service provider market infographic

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Rise in e-Commerce Transactions Offers Incremental Opportunities

Once known as a prominent social networking site, Facebook has now turned into a dynamic business platform, which is enabling budding entrepreneurs and startups to take their business to the next level. Likewise, Facebook is now embracing digital payment methods that encourages customers to stay within the ecosystem. Since Facebook has upgraded its e-Commerce capabilities with the introduction of Facebook Pay, other market players in the market for payment service providers are following suit. This is evident, since the e-Commerce application segment is expected to account for ~51% share of the payment service provider market by 2027.

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Innovations in the e-Commerce sector are facilitating increased retail transactions in the payment service provider market. e-Commerce payment service providers are enabling the option of online fundraising to bolster their credibility credentials in the global landscape. As such, e-Commerce transactions help service providers gain important insights about their users, and allow them to efficiently target market strategies and other advertising efforts.

Companies Focus on NFC Apps to Overcome Limitations in Aadhaar-enabled Payments

The payment service provider market is anticipated to expand at a CAGR of ~10% during the forecast period. However, certain limitations in digital payments are hampering market growth. For instance, Asia Pacific is anticipated to lead the payment service providers market during the forecast period. India being one of the primary economies of Asia Pacific is challenged by the slow growth of Aadhaar-enabled payments in the past couple of months. Since some agents were splitting single transactions into multiple small transactions to gain more commission, several public sector banks applied limitations on the number of Aadhaar-enabled transactions that can be conducted by users. Hence, manufacturers are leveraging opportunities in Near Field Communication (NFC) -based wallet solutions in the U.K., since such transactions have increased considerably in the past few years.

The payment service provider market in Europe is expected to generate significant revenue. Thus, companies in the payment service provider market are tapping opportunities for the development of NFC apps, since contactless payments are gaining strong grounds in the U.K.

Developments in IoT and AI Drive Payment Service Provider Market

Apart from digital wallet and NFC apps, companies in the payment service provider market are tapping opportunities in international remittance. On the other hand, IoT payments are anticipated to become commonplace in the near future. Moreover, the integration of virtual voice assistants such as Alexa and Google Assistant has led to the trend of AI-powered payments using voice command. Thus, voice-activated payments are acquiring popularity worldwide. Moreover, there is a growing interest in payments involved with a connected car or a smart fridge, owing to the advantages of IoT and industry 4.0. Biometric payments are gaining traction in the market for payment service providers, as biometric features of smartphones are increasingly being used in mobile payments.

payment service provider market segmentation

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Analysts’ Viewpoint

The payment service provider market is estimated to reach a value of ~US$ 88 Bn by the end of 2027. AI-based wallet solutions are bringing about a change in the market landscape, since novel solutions help to automate routine transactions. The AI and NFC technologies are being highly publicized as a game changer in the global market.

Companies are aiming to provide a frictionless experience through increased cost savings. However, critical challenges of cybersecurity issues faced by players in the digital payment ecosystem pose as a restraint for companies. Hence, companies should focus on improving standards involved with stronger authentication and data confidentiality to avoid risks of cybersecurity.

Payment Service Provider Market: Overview

  • The payment service provider market is expected to register a CAGR of ~10% between 2019 and 2027. The market is projected to be driven by rapid increase in financial inclusion specifically in developing countries. Increasing competitiveness in the Fintech industry is expected to boost the payment service provider market in the near future.
  • The global payment service provider market is expected to reach ~US$ 88 Bn by 2027 from ~US$ 40 Bn in 2019. Rising adoption of smartphones and digital devices is expected to boost the growth of the market.
  • The payment service provider market in Asia Pacific and Middle East & Africa is anticipated to expand at a rapid pace during the forecast period, followed by South America
  • Asia Pacific remains the dominant leader in the global payment service provider market, with market size of US$ 11,878.6 Mn in year 2019, primarily due to tremendous growth in adoption of smartphones among both millennial and older population for payment. Therefore, exponential growth in smartphone device volumes is likely to drive the payment service provider market in the region.
  • North America is projected to see significant growth in the global payment service provider market during the forecast period. Strong network infrastructure and increasing adoption of digital mode of payments such as wallets and token is expected to drive the consistent growth of the North America payment service provider market.

Payment Service Provider Market: Definition

  • The payment service provider market report provides analysis of the global payment service provider market for the period 2017 – 2027, wherein 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.
  • The report studies the payment service provider market from the perspective of different modes of payment, applications, payment type, and payment channel. While evaluating the market size, transaction volume, and average per transaction cost has been considered while the currency exchange transaction has not been considered in the scope.
  • The report analyzes the various types of transactions, payment channels, transaction value, transaction volume, and network provider market share

Asia Pacific Payment Service Provider Market: Snapshot

  • Asia Pacific is seen as a new growth hub for technology driven enterprise business models, due to its high population ratio and adoption of new technologies. For the same reason, Asia Pacific is expected to see highest opportunity addition in the payment service provider market globally, with Europe being the next closest region.

Key Challenges Faced by Payment Service Provider Market Players

  • Cost is the major factor, which can impact the growth of the market. Adoption of digital technology in payments has led to significant increase in cost. Costs relate to the procurement of the digital solution, installation and maintenance, system integration, and system downtime cost.
  • All these costs are incurred while deploying the digital payment solution for any enterprise. These are the additional costs which an enterprise incurs. Adoption of digital payment methods is low within developing regions because of the additional cost to the business. Retailers and sellers hesitate to deploy digital payment technology to reduce the business cost.

Payment Service Provider Market Developments

  • In August 2018, Visa Inc. partnered with Maxcom to provide mobile payment services in the Tanzanian market. More than 30,000 retailers and 20,000 local agents in Tanzania will be connected to mobile payments with this new partnership, thus increasing its market share.
  • In September 2018, PayPal acquired iZettle, which would help PayPal to expand its in-store presence and strengthen its payments platform to help small businesses around the world
  • In 2017, First Data Corporation completed the acquisition of BluePay, a provider of technology-enabled payment processing for merchants in the U.S. and Canada, and was one of the company’s largest distribution partners with a strong focus on software-enabled payments and card-not-present transactions.

Payment Service Provider Market: Company Profile Snapshot

  • Visa Inc.: Founded in 1958, Visa, Inc. is a global payments technology company. It connects businesses, consumers, governments, and banks in more than 200 countries and regions, allowing them to use a digital payment system instead of checks and cash. Majorly, Visa transactions are done through merchants, acquirers, issuers, and the cardholder. The company has nearly 3.3 billion cards worldwide with over 46 million merchant locations. Visa has tied up with nearly 15,900 financial institutions.
  • American Express Company: Founded in 1850, American Express Company is well known for its charge card, travelers’ check, and credit card businesses. It provides travel and expense management solutions and innovative payment solutions to individuals as well as to all sizes of businesses. The company also provides NFC specifications to support POS terminals to accept American Express cards on digital wallets to better meet the requirement of cardholders. In 2013, American Express Company re-launched its online payment platform and increased its prepaid offerings.
  • PayU: Founded in 2002, PayU is the fintech and e-payments division of Prosus, which is one of the largest technology investors in the world. PayU is an online payment service provider for cross border and local payments, which develops in-house payment technology for merchants across the globe. PayU has more than 1,800 payment specialists and caters to over 300,000 merchants and millions of consumers making online payments.
  • Other major players operating in the global payment service provider market and profiled in the report 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.
  • Companies are shifting toward advanced technology to gain competitive advantage in the payment service provider market apart from maintaining their position in the market.

Payment Service Provider Market – Segmentation

TMR’s study on the payment service provider market includes information bifurcated into six sections - by component, payment channel, payment type, application, end use, and region. Changing industry trends and other crucial market dynamics associated with these sections of the payment service provider market have been discussed in detail.

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

    1. Preface

        1.1. Market Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions and Research Methodology

        2.1. Market Taxonomy - Segment Definitions

        2.2. Research Methodology

            2.2.1. List of Primary and Secondary Sources

        2.3. Key Assumptions for Data Modelling

    3. Executive Summary: Global Payment Service Provider Market 

    4. Market Overview

        4.1. Introduction

        4.2. Global Market – Macroeconomic Factors Overview

            4.2.1. World GDP Indicator – For Top Economies

            4.2.2. Global ICT Spending (US$ Mn), 2013, 2019, 2023 and 2027

        4.3. Technology/ Product Roadmap

        4.4. Market Factor Analysis

            4.4.1. Porter’s Five Forces Analysis

            4.4.2. Ecosystem Analysis/ Value Chain Analysis

                4.4.2.1. Key End-user/Customers Analysis

            4.4.3. PESTEL Analysis

            4.4.4. Market Dynamics (Growth Influencers)

                4.4.4.1. Drivers

                4.4.4.2. Restraints

                4.4.4.3. Opportunities

                4.4.4.4. Impact Analysis of Drivers and Restraints

        4.5. Key Market Indicators 

            4.5.1. Global Cyber Security Industry

            4.5.2. Global Cyber Security Spending Share

            4.5.3. Economic Impact of Global Cyber Attacks

        4.6. Global Payment Service Provider Market, by Mode of Transaction (2017)

            4.6.1. POS Terminal

                4.6.1.1. Wireless/ Mobile POS Terminal

                4.6.1.2. Fixed POS Terminal

            4.6.2. Cards/Web/Wallet

            4.6.3. Wearable Devices

        4.7. Penetration of Different Payment Systems (%)

            4.7.1. Cash

            4.7.2. Digital/ Cashless

                4.7.2.1. Proximity

                4.7.2.2. Remote

        4.8. Pricing Model Analysis

            4.8.1. Subscription

            4.8.2. Recurring

        4.9. Overview of Various E-payment Methods

            4.9.1. Debit/ Credit Cards

            4.9.2. Bank Transfers

            4.9.3. E-Wallets

            4.9.4. Prepaid Cards

        4.10. Global Payment Service Provider Market Analysis and Forecast, 2013 - 2027

            4.10.1. Market Revenue Analysis (US$ Mn)

                4.10.1.1. Historic Growth Trends, 2013-2018

                4.10.1.2. Forecast Trends, 2019-2027

        4.11. Market Opportunity Assessment – by Region (North America/ Europe/ Asia Pacific/ Middle East & Africa/ South America)

            4.11.1. By Country

            4.11.2. By Component

            4.11.3. By Payment Type

            4.11.4. By Payment Channel 

            4.11.5. By Application

            4.11.6. By End-use

        4.12. Competitive Scenario and Trends

            4.12.1. Payment Service Provider Market Concentration Rate

                4.12.1.1. List of Emerging, Prominent and Leading Players 

            4.12.2. Mergers & Acquisitions, Expansions

        4.13. Market Outlook

    5. Global Payment Service Provider Market Analysis and Forecast, by Component

        5.1. Overview and Definitions

        5.2. Key Segment Analysis

        5.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

            5.3.1. Software

                5.3.1.1. Payment Gateway Solutions

                5.3.1.2. Payment Processing Solutions

                5.3.1.3. Payment Security & Fraud Management Solutions

                5.3.1.4. PoS Solutions 

            5.3.2. Service

                5.3.2.1. Consulting Services

                5.3.2.2. System Integration & Implementation Services

                5.3.2.3. Support & Maintenance Services

                5.3.2.4. Managed/ Outsourced Services

    6. Global Payment Service Provider Market Analysis and Forecast, by Payment Type

        6.1. Overview and Definitions

        6.2. Key Segment Analysis

        6.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

            6.3.1. Customer to Customer

            6.3.2. Customer to Business

            6.3.3. Business to Business

    7. Global Payment Service Provider Market Analysis and Forecast, by Payment Channel

        7.1. Overview and Definitions

        7.2. Key Segment Analysis

        7.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

            7.3.1. Digital wallets

            7.3.2. Token System

            7.3.3. Net Banking

            7.3.4. Real-Time Payments

            7.3.5. Direct Carrier Billing

            7.3.6. Customer to Customer

    8. Global Payment Service Provider Market Analysis and Forecast, by Application

        8.1. Overview and Definitions

        8.2. Key Segment Analysis

        8.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

            8.3.1. Checkout/ Recurring Payments

            8.3.2. E-commerce

    9. Global Payment Service Provider Market Analysis and Forecast, by End-use

        9.1. Overview and Definitions

        9.2. Key Segment Analysis

        9.3. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

            9.3.1. Restaurants

            9.3.2. Travel & Booking

            9.3.3. Gaming

            9.3.4. Healthcare

            9.3.5. Retail

            9.3.6. E-commerce

            9.3.7. Entertainment

            9.3.8. BFSI

            9.3.9. Telecommunications

            9.3.10. Others (Government, Transportation)

    10. Global Payment Service Provider Market Analysis and Forecast, by Region

        10.1. Key Findings

        10.2. Emerging Markets/Countries

        10.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Region, 2017 - 2027

            10.3.1. North America

            10.3.2. Europe

            10.3.3. Asia Pacific

            10.3.4. Middle East & Africa

            10.3.5. South America

    11. North America Payment Service Provider Market Analysis and Forecast

        11.1. Regional Outlook

        11.2. Key Findings

        11.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

            11.3.1. Software

                11.3.1.1. Payment Gateway Solutions

                11.3.1.2. Payment Processing Solutions

                11.3.1.3. Payment Security & Fraud Management Solutions

                11.3.1.4. PoS Solutions 

            11.3.2. Service

                11.3.2.1. Consulting Services

                11.3.2.2. System Integration & Implementation Services

                11.3.2.3. Support & Maintenance Services

                11.3.2.4. Managed/ Outsourced Services

        11.4. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

            11.4.1. Customer to Customer

            11.4.2. Customer to Business

            11.4.3. Business to Business

        11.5. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

            11.5.1. Digital wallets

            11.5.2. Token System

            11.5.3. Net Banking

            11.5.4. Real-Time Payments

            11.5.5. Direct Carrier Billing

            11.5.6. Customer to Customer

        11.6. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

            11.6.1. Checkout/ Recurring Payments

            11.6.2. E-commerce

        11.7. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

            11.7.1. Restaurants

            11.7.2. Travel & Booking

            11.7.3. Gaming

            11.7.4. Healthcare

            11.7.5. Retail

            11.7.6. Ecommerce

            11.7.7. Entertainment

            11.7.8. BFSI

            11.7.9. Telecommunications

            11.7.10. Others (Government, Transportation)

        11.8. Payment Service Provider Market Size (US$ Mn) Forecast, by Country, 2017 - 2027

            11.8.1. U.S.

            11.8.2. Canada

            11.8.3. Mexico

    12. Europe Payment Service Provider Market Analysis and Forecast

        12.1. Regional Outlook

        12.2. Key Findings

        12.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

            12.3.1. Software

                12.3.1.1. Payment Gateway Solutions

                12.3.1.2. Payment Processing Solutions

                12.3.1.3. Payment Security & Fraud Management Solutions

                12.3.1.4. PoS Solutions 

            12.3.2. Service

                12.3.2.1. Consulting Services

                12.3.2.2. System Integration & Implementation Services

                12.3.2.3. Support & Maintenance Services

                12.3.2.4. Managed/ Outsourced Services

        12.4. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

            12.4.1. Customer to Customer

            12.4.2. Customer to Business

            12.4.3. Business to Business

        12.5. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

            12.5.1. Digital wallets

            12.5.2. Token System

            12.5.3. Net Banking

            12.5.4. Real-Time Payments

            12.5.5. Direct Carrier Billing

            12.5.6. Customer to Customer

        12.6. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

            12.6.1. Checkout/ Recurring Payments

            12.6.2. E-commerce

        12.7. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

            12.7.1. Restaurants

            12.7.2. Travel & Booking

            12.7.3. Gaming

            12.7.4. Healthcare

            12.7.5. Retail

            12.7.6. E-commerce

            12.7.7. Entertainment

            12.7.8. BFSI

            12.7.9. Telecommunications

            12.7.10. Others (Government, Transportation)

        12.8. Payment Service Provider Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027

            12.8.1. Germany

            12.8.2. U.K.

            12.8.3. France

            12.8.4. Spain

            12.8.5. Russia

            12.8.6. Rest of Europe

    13. Asia Pacific Payment Service Provider Market Analysis and Forecast

        13.1. Regional Outlook

        13.2. Key Findings

        13.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

            13.3.1. Software

                13.3.1.1. Payment Gateway Solutions

                13.3.1.2. Payment Processing Solutions

                13.3.1.3. Payment Security & Fraud Management Solutions

                13.3.1.4. PoS Solutions 

            13.3.2. Service

                13.3.2.1. Consulting Services

                13.3.2.2. System Integration & Implementation Services

                13.3.2.3. Support & Maintenance Services

                13.3.2.4. Managed/ Outsourced Services

        13.4. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

            13.4.1. Customer to Customer

            13.4.2. Customer to Business

            13.4.3. Business to Business

        13.5. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

            13.5.1. Digital wallets

            13.5.2. Token System

            13.5.3. Net Banking

            13.5.4. Real-Time Payments

            13.5.5. Direct Carrier Billing

            13.5.6. Customer to Customer

        13.6. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

            13.6.1. Checkout/ Recurring Payments

            13.6.2. E-commerce

        13.7. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

            13.7.1. Restaurants

            13.7.2. Travel & Booking

            13.7.3. Gaming

            13.7.4. Healthcare

            13.7.5. Retail

            13.7.6. Ecommerce

            13.7.7. Entertainment

            13.7.8. BFSI

            13.7.9. Telecommunications

            13.7.10. Others (Government, Transportation)

        13.8. Payment Service Provider Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027

            13.8.1. China

            13.8.2. Japan

            13.8.3. India

            13.8.4. Australia and New Zealand

            13.8.5. South Korea

            13.8.6. ASEAN

            13.8.7. Rest of Asia Pacific

    14. Middle East & Africa (MEA) Payment Service Provider Market Analysis and Forecast

        14.1. Regional Outlook

        14.2. Key Findings

        14.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

            14.3.1. Software

                14.3.1.1. Payment Gateway Solutions

                14.3.1.2. Payment Processing Solutions

                14.3.1.3. Payment Security & Fraud Management Solutions

                14.3.1.4. PoS Solutions 

            14.3.2. Service

                14.3.2.1. Consulting Services

                14.3.2.2. System Integration & Implementation Services

                14.3.2.3. Support & Maintenance Services

                14.3.2.4. Managed/ Outsourced Services

        14.4. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

            14.4.1. Customer to Customer

            14.4.2. Customer to Business

            14.4.3. Business to Business

        14.5. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

            14.5.1. Digital wallets

            14.5.2. Token System

            14.5.3. Net Banking

            14.5.4. Real-Time Payments

            14.5.5. Direct Carrier Billing

            14.5.6. Customer to Customer

        14.6. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

            14.6.1. Checkout/ Recurring Payments

            14.6.2. E-commerce

        14.7. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

            14.7.1. Restaurants

            14.7.2. Travel & Booking

            14.7.3. Gaming

            14.7.4. Healthcare

            14.7.5. Retail

            14.7.6. E-commerce

            14.7.7. Entertainment

            14.7.8. BFSI

            14.7.9. Telecommunications

            14.7.10. Others (Government, Transportation)

        14.8. Payment Service Provider Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027

            14.8.1. United Arab Emirates (U.A.E.)

            14.8.2. Saudi Arabia

            14.8.3. South Africa

            14.8.4. Rest of MEA

    15. South America Payment Service Provider Market Analysis and Forecast

        15.1. Regional Outlook

        15.2. Key Findings

        15.3. Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017 - 2027

            15.3.1. Software

                15.3.1.1. Payment Gateway Solutions

                15.3.1.2. Payment Processing Solutions

                15.3.1.3. Payment Security & Fraud Management Solutions

                15.3.1.4. PoS Solutions 

            15.3.2. Service

                15.3.2.1. Consulting Services

                15.3.2.2. System Integration & Implementation Services

                15.3.2.3. Support & Maintenance Services

                15.3.2.4. Managed/ Outsourced Services

        15.4. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017 - 2027

            15.4.1. Customer to Customer

            15.4.2. Customer to Business

            15.4.3. Business to Business

        15.5. Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017 - 2027

            15.5.1. Digital wallets

            15.5.2. Token System

            15.5.3. Net Banking

            15.5.4. Real-Time Payments

            15.5.5. Direct Carrier Billing

            15.5.6. Customer to Customer

        15.6. Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017 - 2027

            15.6.1. Checkout/ Recurring Payments

            15.6.2. E-commerce

        15.7. Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017 - 2027

            15.7.1. Restaurants

            15.7.2. Travel & Booking

            15.7.3. Gaming

            15.7.4. Healthcare

            15.7.5. Retail

            15.7.6. E-commerce

            15.7.7. Entertainment

            15.7.8. BFSI

            15.7.9. Telecommunications

            15.7.10. Others (Government, Transportation)

        15.8. Payment Service Provider Market Size (US$ Mn) Forecast, by Country and Sub-region, 2017 - 2027

            15.8.1. Brazil

            15.8.2. Rest of South America

    16. Competition Landscape

        16.1. Market Competition Matrix, by Leading Players 

        16.2. Market Revenue Share Analysis (%), by Leading Players (2018)

    17. Company Profiles (Details – Business Overview, Geographical Presence, Key Competitors, Revenue and Strategy) 

        17.1. ACI Worldwide, Inc

            17.1.1. Business Overview

            17.1.2. Geographical Presence

            17.1.3. Key Competitors

            17.1.4. Revenue and Strategy

        17.2. Adyen, N.V

            17.2.1. Business Overview

            17.2.2. Geographical Presence

            17.2.3. Key Competitors

            17.2.4. Revenue and Strategy

        17.3. Amazon Web Services (Amazon pay)

            17.3.1. Business Overview

            17.3.2. Geographical Presence

            17.3.3. Key Competitors

            17.3.4. Revenue and Strategy

        17.4. American Express Banking Corp.

            17.4.1. Business Overview

            17.4.2. Geographical Presence

            17.4.3. Key Competitors

            17.4.4. Revenue and Strategy

        17.5. ASEAN Payments Direct, Inc.

            17.5.1. Business Overview

            17.5.2. Geographical Presence

            17.5.3. Key Competitors

            17.5.4. Revenue and Strategy

        17.6. CCBill, LLC

            17.6.1. Business Overview

            17.6.2. Geographical Presence

            17.6.3. Key Competitors

            17.6.4. Revenue and Strategy

        17.7. Diners Club International Ltd

            17.7.1. Business Overview

            17.7.2. Geographical Presence

            17.7.3. Key Competitors

            17.7.4. Revenue and Strategy

        17.8. First Data Corporation (Fiserv)

            17.8.1. Business Overview

            17.8.2. Geographical Presence

            17.8.3. Key Competitors

            17.8.4. Revenue and Strategy

        17.9. Ingenico Group

            17.9.1. Business Overview

            17.9.2. Geographical Presence

            17.9.3. Key Competitors

            17.9.4. Revenue and Strategy

        17.10. MasterCard, Inc

            17.10.1. Business Overview

            17.10.2. Geographical Presence

            17.10.3. Key Competitors

            17.10.4. Revenue and Strategy

        17.11. PayPal Holdings, Inc.

            17.11.1. Business Overview

            17.11.2. Geographical Presence

            17.11.3. Key Competitors

            17.11.4. Revenue and Strategy

        17.12. PayU Group

            17.12.1. Business Overview

            17.12.2. Geographical Presence

            17.12.3. Key Competitors

            17.12.4. Revenue and Strategy

        17.13. Stripe, Inc.

            17.13.1. Business Overview

            17.13.2. Geographical Presence

            17.13.3. Key Competitors

            17.13.4. Revenue and Strategy

        17.14. Total System Services, Inc. (TSYS)

            17.14.1. Business Overview

            17.14.2. Geographical Presence

            17.14.3. Key Competitors

            17.14.4. Revenue and Strategy

        17.15. Visa Inc.

            17.15.1. Business Overview

            17.15.2. Geographical Presence

            17.15.3. Key Competitors

            17.15.4. Revenue and Strategy

    18. Key Takeaways

    List of Tables

    Table No.1 Penetration of Different Payment Systems

    Table No.2 Global Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

    Table No.3 Global Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

    Table No.4 Global Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

    Table No.5 Global Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

    Table No.6 Global Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

    Table No.7 Global Payment Service Provider Market Size (US$ Mn), by Payment Channel, 2017–2027

    Table No.8 Global Payment Service Provider Market Size (US$ Mn), by End-use, 2017–2027

    Table No.9 Global Payment Service Provider Market Size (US$ Mn), by Country, 2017–2027

    Table No.10 North America Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

    Table No.11 North America Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

    Table No.12 North America Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

    Table No.13 North America Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

    Table No.14 North America Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

    Table No.15 North America Payment Service Provider Market Size (US$ Mn), by Payment Channel, 2017–2027

    Table No.16 North America Payment Service Provider Market Size (US$ Mn), by End-use, 2017–2027

    Table No.17 North America Payment Service Provider Market Size (US$ Mn), by Country, 2017–2027

    Table No.18 Europe Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

    Table No.19 Europe Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

    Table No.20 Europe Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

    Table No.21 Europe Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

    Table No.22 Europe Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

    Table No.23 Europe Payment Service Provider Market Size (US$ Mn), by Payment Channel, 2017–2027

    Table No.24 Europe Payment Service Provider Market Size (US$ Mn), by End-use, 2017–2027

    Table No.25 Europe Payment Service Provider Market Size (US$ Mn), by Country, 2017–2027

    Table No.26 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

    Table No.27 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

    Table No.28 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

    Table No.29 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

    Table No.30 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

    Table No.31 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Payment Channel, 2017–2027

    Table No.32 Asia Pacific Payment Service Provider Market Size (US$ Mn), by End-use, 2017–2027

    Table No.33 Asia Pacific Payment Service Provider Market Size (US$ Mn), by Country, 2017–2027

    Table No.34 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

    Table No.35 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

    Table No.36 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

    Table No.37 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

    Table No.38 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

    Table No.39 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Payment Channel , 2017–2027

    Table No.40 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by End-use , 2017–2027

    Table No.41 Middle East & Africa Payment Service Provider Market Size (US$ Mn), by Payment Channel , 2017–2027

    Table No.42 South America Payment Service Provider Market Size (US$ Mn), by Component, 2017–2027

    Table No.43 South America Payment Service Provider Market Size (US$ Mn), by Component, by Software, 2017–2027

    Table No.44 South America Payment Service Provider Market Size (US$ Mn), by Component, by Services, 2017–2027

    Table No.45 South America Payment Service Provider Market Size (US$ Mn), by Payment Type, 2017–2027

    Table No.46 South America Payment Service Provider Market Size (US$ Mn), by Application, 2017–2027

    Table No.47 South America Payment Service Provider Market Size (US$ Mn), by Payment Channel , 2017–2027

    Table No.48 South America Payment Service Provider Market Size (US$ Mn), by End-use , 2017–2027

    Table No.49 South America Payment Service Provider Market Size (US$ Mn), by Payment Channel , 2017–2027

    List of Figures

    Figure No.1 Global Payment Service Provider Market Size (US$ Mn) Forecast, 2017–2027

    Figure No.2 Global Payment Service Provider Market Size (US$ Mn) Forecast, by Component, 2017–2027

    Figure No.3 Global Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Type, 2017–2027

    Figure No.4 Global Payment Service Provider Market Size (US$ Mn) Forecast, by Application, 2017–2027

    Figure No.5 Global Payment Service Provider Market Size (US$ Mn) Forecast, by Payment Channel, 2017–2027

    Figure No.6 Global Payment Service Provider Market Size (US$ Mn) Forecast, by End-use, 2017–2027

    Figure No.7 Global Payment Service Provider Market Size (US$ Mn) Forecast, by Country, 2017–2027

    Figure No.8 GDP (US$ Bn), Top Countries (2014 – 2019)

    Figure No.9 Top Economies GDP Landscape, 2018

    Figure No.11 Global ICT Spending (US$ Bn), Regional Contribution, 2019

    Figure No.10 Global ICT Spending (%), by Region, 2019

    Figure No.12 Global ICT Spending (US$ Bn), Spending Type Contribution, 2019

    Figure No.13 Global ICT Spending (%), by Type, 2019

    Figure No.14 Global Payment Service Provider Market Size (US$ Mn), 2013 - 2018

    Figure No.15 Global Payment Service Provider Market Y-o-Y Growth (Value %), 2013 - 2018

    Figure No.16 Global Payment Service Provider Market Size (US$ Mn), 2019 - 2027

    Figure No.17 Global Payment Service Provider Market Y-o-Y Growth (Value %), 2019 - 2027

    Figure No.18 Global Payment Service Provider Market Opportunity Assessment, by Component (2019)

    Figure No.19 Global Payment Service Provider Market Opportunity Assessment, by Payment Type (2019)

    Figure No.20 Global Payment Service Provider Market Opportunity Assessment, by Application (2019)

    Figure No.21 Global Payment Service Provider Market Opportunity Assessment, by Payment Channel (2019)

    Figure No.22 Global Payment Service Provider Market Opportunity Assessment, by End-use (2019)

    Figure No.23 Global Payment Service Provider Market Opportunity Assessment, by Region (2019)

    Figure No.25 Global Payment Service Provider Market, by Payment Type, CAGR (%) (2019 – 2027)

    Figure No.27 Global Payment Service Provider Market, by Payment Channel, CAGR (%) (2019 – 2027)

    Figure No.24 Global Payment Service Provider Market, by Component, CAGR (%) (2019 – 2027)

    Figure No.26 Global Payment Service Provider Market, by Application, CAGR (%) (2019 – 2027)

    Figure No.28 Global Payment Service Provider Market, by End-use, CAGR (%) (2019 – 2027)

    Figure No.29 Global Payment Service Provider Market, by Country, CAGR (%) (2019 – 2027)

    Figure No.30 Global Payment Service Provider Market Share Analysis, by Component (2019)

    Figure No.31 Global Payment Service Provider Market Share Analysis, by Component (2027)

    Figure No.32 Global Payment Service Provider Market Share Analysis, by Payment Type (2019)

    Figure No.33 Global Payment Service Provider Market Share Analysis, by Payment Type (2027)

    Figure No.34 Global Payment Service Provider Market Share Analysis, by Application (2019)

    Figure No.35 Global Payment Service Provider Market Share Analysis, by Application (2027)

    Figure No.36 Global Payment Service Provider Market Share Analysis, by Payment Channel (2019)

    Figure No.37 Global Payment Service Provider Market Share Analysis, by Payment Channel (2027)

    Figure No.38 Global Payment Service Provider Market Share Analysis, by End-use (2019)

    Figure No.39 Global Payment Service Provider Market Share Analysis, by End-use (2027)

    Figure No.40 Global Payment Service Provider Market Share Analysis, by Region (2019)

    Figure No.41 Global Payment Service Provider Market Share Analysis, by Region (2027)

    Figure No.42 North America Payment Service Provider Market Share Analysis, by Component (2019)

    Figure No.43 North America Payment Service Provider Market Share Analysis, by Component (2027)

    Figure No.44 North America Payment Service Provider Market Share Analysis, by Payment Type (2019)

    Figure No.45 North America Payment Service Provider Market Share Analysis, by Payment Type (2027)

    Figure No.46 North America Payment Service Provider Market Share Analysis, by Application (2019)

    Figure No.47 North America Payment Service Provider Market Share Analysis, by Application (2027)

    Figure No.48 North America Payment Service Provider Market Share Analysis, by Payment Channel (2019)

    Figure No.49 North America Payment Service Provider Market Share Analysis, by Payment Channel (2027)

    Figure No.50 North America Payment Service Provider Market Share Analysis, by End-use (2019)

    Figure No.51 North America Payment Service Provider Market Share Analysis, by End-use (2027)

    Figure No.52 North America Payment Service Provider Market Share Analysis, by Country (2019)

    Figure No.53 North America Payment Service Provider Market Share Analysis, by Country (2027)

    Figure No.54 Europe Payment Service Provider Market Share Analysis, by Component (2019)

    Figure No.55 Europe Payment Service Provider Market Share Analysis, by Component (2027)

    Figure No.56 Europe Payment Service Provider Market Share Analysis, by Payment Type (2019)

    Figure No.57 Europe Payment Service Provider Market Share Analysis, by Payment Type (2027)

    Figure No.58 Europe Payment Service Provider Market Share Analysis, by Application (2019)

    Figure No.59 Europe Payment Service Provider Market Share Analysis, by Application (2027)

    Figure No.60 Europe Payment Service Provider Market Share Analysis, by Payment Channel (2019)

    Figure No.61 Europe Payment Service Provider Market Share Analysis, by Payment Channel (2027)

    Figure No.62 Europe Payment Service Provider Market Share Analysis, by End-use (2019)

    Figure No.63 Europe Payment Service Provider Market Share Analysis, by End-use (2027)

    Figure No.64 Europe Payment Service Provider Market Share Analysis, by Country (2019)

    Figure No.65 Europe Payment Service Provider Market Share Analysis, by Country (2027)

    Figure No.66 Asia Pacific Payment Service Provider Market Share Analysis, by Component (2019)

    Figure No.67 Asia Pacific Payment Service Provider Market Share Analysis, by Component (2027)

    Figure No.68 Asia Pacific Payment Service Provider Market Share Analysis, by Payment Type (2019)

    Figure No.69 Asia Pacific Payment Service Provider Market Share Analysis, by Payment Type (2027)

    Figure No.70 Asia Pacific Payment Service Provider Market Share Analysis, by Singapore (2019)

    Figure No.71 Asia Pacific Payment Service Provider Market Share Analysis, by Application (2027)

    Figure No.72 Asia Pacific Payment Service Provider Market Share Analysis, by Payment Channel (2019)

    Figure No.73 Asia Pacific Payment Service Provider Market Share Analysis, by Payment Channel (2027)

    Figure No.74 Asia Pacific Payment Service Provider Market Share Analysis, by End-use (2019)

    Figure No.75 Asia Pacific Payment Service Provider Market Share Analysis, by End-use (2027)

    Figure No.76 Asia Pacific Payment Service Provider Market Share Analysis, by Country (2019)

    Figure No.77 Asia Pacific Payment Service Provider Market Share Analysis, by Country (2027)

    Figure No.78 Middle East & Africa Payment Service Provider Market Share Analysis, by Component (2019)

    Figure No.79 Middle East & Africa Payment Service Provider Market Share Analysis, by Component (2027)

    Figure No.80 Middle East & Africa Payment Service Provider Market Share Analysis, by Payment Type (2019)

    Figure No.81 Middle East & Africa Payment Service Provider Market Share Analysis, by Payment Type (2027)

    Figure No.82 Middle East & Africa Payment Service Provider Market Share Analysis, by Singapore (2019)

    Figure No.83 Middle East & Africa Payment Service Provider Market Share Analysis, by Application (2027)

    Figure No.84 Middle East & Africa Payment Service Provider Market Share Analysis, by Payment Channel (2019)

    Figure No.85 Middle East & Africa Payment Service Provider Market Share Analysis, by Payment Channel (2027)

    Figure No.86 Middle East & Africa Payment Service Provider Market Share Analysis, by End-use (2019)

    Figure No.87 Middle East & Africa Payment Service Provider Market Share Analysis, by End-use (2027)

    Figure No.88 Middle East & Africa Payment Service Provider Market Share Analysis, by Country (2019)

    Figure No.89 Middle East & Africa Payment Service Provider Market Share Analysis, by Country (2027)

    Figure No.90 South America Payment Service Provider Market Share Analysis, by Component (2019)

    Figure No.91 South America Payment Service Provider Market Share Analysis, by Component (2027)

    Figure No.92 South America Payment Service Provider Market Share Analysis, by Payment Type (2019)

    Figure No.93 South America Payment Service Provider Market Share Analysis, by Payment Type (2027)

    Figure No.94 South America Payment Service Provider Market Share Analysis, by Singapore (2019)

    Figure No.95 South America Payment Service Provider Market Share Analysis, by Application (2027)

    Figure No.96 South America Payment Service Provider Market Share Analysis, by Payment Channel (2019)

    Figure No.97 South America Payment Service Provider Market Share Analysis, by Payment Channel (2027)

    Figure No.98 South America Payment Service Provider Market Share Analysis, by End-use (2019)

    Figure No.99 South America Payment Service Provider Market Share Analysis, by End-use (2027)

    Figure No.100 South America Payment Service Provider Market Share Analysis, by Country (2019)

    Figure No.101 South America Payment Service Provider Market Share Analysis, by Country (2027)

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Payment Service Provider Market

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