Global Payment Processing Solutions 2022 Strategic Business Report: Market to Hit $108.3 Billion by 2027 – Credit Card Segment to Be $47.8 Billion – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Payment Processing Solutions: Global Strategic Business Report” has been added to from ResearchAndMarkets.com offer.

Global Payment Processing Solutions Market to Reach $108.3 Billion by 2027

In the altered post-COVID-19 business landscape, the global payment processing solutions market estimated at US$47 billion in 2020 is expected to reach a revised size of US$108.3 billion by 2027, with growing at a CAGR of 12.7% over the analysis period 2020-2027.

Credit cards, one of the segments analyzed in the report, is expected to register a CAGR of 10.9% and reach US$47.8 billion by the end of the analysis period. Given the ongoing post-pandemic recovery, debit card segment growth is readjusted to a revised CAGR of 12% for the next 7-year period.

The US market is estimated at $12.8 billion, while China is expected to grow at a CAGR of 16.6%

The payment processing solutions market in the United States is estimated to be worth US$12.8 billion in 2020. China, the world’s second largest economy, is expected to reach a projected market size of US$23.3 billion from by 2027, with a CAGR of 16.7% over the analysis period 2020 to 2027.

Other notable GeoMarkets include Japan and Canada, each forecasting growth of 8.8% and 10.8% respectively over the period 2020-2027. In Europe, Germany is expected to grow at a CAGR of around 9.7%. Led by countries like Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$16.1 billion by 2027.

The e-wallet segment will register a CAGR of 19.1%

In the global e-wallet segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 19.1% for this segment. These regional markets representing a combined market size of US$4.9 billion in 2020 will reach a projected size of US$15.7 billion by the end of the analysis period.

China will remain among the fastest growing markets in this group of regional markets. Latin America will grow at a CAGR of 21.1% during the analysis period.

What’s new for 2022?

  • Global competitiveness and percentage market shares of main competitors

  • Market presence in multiple geographies – Strong/Active/Niche/Trivial

  • Peer-to-peer collaborative online interactive updates

  • Access to digital archives and research platform

  • Free updates for one year

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market

  • Global Market Trajectories

  • Impact of Covid-19 and a looming global recession

  • Payment processing solutions – Percentage of market share of the main global competitors in 2022 (E)

  • Competitive Market Presence – Strong/Active/Niche/Trivial for Gamers Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS (Total 72 Featured)

  • PayPal

  • Fiserv

  • Global Payments

  • FIS

  • Square

  • Bandaged

  • MasterCard

  • Visa

  • dwola

  • ACI in the world

  • Adyen

  • paysafe

  • Jack Henry & Associates

  • wirecard

  • PayU

3. MARKET TRENDS AND DRIVERS

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/4irt


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