Real-Time Payments Market was worth US$ 56.9 Bn. in 2022 and total revenue is expected to grow at a CAGR of 33.0 % from 2023 to 2029, reaching almost US$ 418.9 Bn. in 2029.
Real-Time Payments Market Overview:
The Real-Time Payments Market study is based on thorough research, qualitative and quantitative assessment by industry experts, and inputs from professionals in the field and supply chain players. The research examines parent market trends, macroeconomic data, and controlling variables in-depth, as well as market attractiveness by segment. The qualitative influence of key market variables on market segments and regions is also mapped out in the study.
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Real-Time Payments Market Scope:
This Real-Time Payments market review examines the latest developments, regulatory frameworks, trade analysis, business model, supply chain utilization, market dominance, the impact of residential and localized market participants, assessments possibilities in terms of evolving revenue spots, shifts in market regulations, tactical industry growth analysis, sales volume, categorical market growth, implementation niches and dominance, product releases, global coverage, and, product launches. Contact Stellar Market Research for an Analyst Brief to learn more about the Real-Time Payments market. Our staff will assist you in making an educated market decision to achieve market growth.
Real-Time Payments Market Segmentation
The market is further divided into Solution and Service based on the Component. With over 77.0% of global revenue in 2022, the solutions category led the real-time payments market. The solutions area includes payment gateways, payment processing, security, and fraud management. Payments from online and in-store payment portals are combined by the payment gateways. In particular, online payment volume is increasing, according to payment gateway service providers. PayPal stated that there were 277 million active PayPal accounts worldwide in 2022. In 2022, 36% of US retailers took PayPal as a form of payment, according to the Europe Payments Council. Advances in technology along with the growing e-commerce market are driving up demand for fraud and payment security.
The market is divided into SEMs and Large Enterprises based on the size of the enterprise. With more than 65.0% of global sales, the large enterprise sector led the market. Companies are investing a lot of money in real-time payment systems to guarantee prompt and simple payment processing. The growth of this market is being driven by large retailers' growing preference for digital payment solutions in order to give their customers a convenient checkout experience. In order to expand their regional presence, multinational companies are also investing in startups in developing nations like China and India. During the projected period, small and medium-sized firms are anticipated to grow at the fastest rate. Digital invoicing is quickly replacing paper-based invoicing in small and medium-sized enterprises.
Global Real Time Payment Market Analysis and Forecast, BY Type
1. Introduction and Definition
2. Key Findings
3. Global Real Time Payment Market Value Share Analysis, BY Type
4. Global Real Time Payment Market Size (US$ Bn) Forecast, BY Type
5. Global Real Time Payment Market Analysis, BY Type
6. Global Real Time Payment Market Attractiveness Analysis, BY Type
Global Real Time Payment Market Analysis and Forecast, By Component
1. Introduction and Definition
2. Key Findings
3. Global Real Time Payment Market Value Share Analysis, By Component
4. Global Real Time Payment Market Size (US$ Bn) Forecast, By Component
5. Global Real Time Payment Market Analysis, By Component
6. Global Real Time Payment Market Attractiveness Analysis, By Component
Global Real Time Payment Market Analysis and Forecast, By Enterprise Size
1. Introduction and Definition
2. Key Findings
3. Global Real Time Payment Market Value Share Analysis, By Enterprise Size
4. Global Real Time Payment Market Size (US$ Bn) Forecast, By Enterprise Size
5. Global Real Time Payment Market Analysis, BY ENTERPRISE SIZE
6. Global Real Time Payment Market Attractiveness Analysis, By Enterprise Size
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Real-Time Payments Market Key Players:
To extend their presence in emerging nations and eventually broaden their client base, the key players in the market are embracing different growth tactics such as agreements and strategic alliances, as well as new product debuts. The following are some of the major participants in the Real-Time Payments market:
1. ACI Worldwide
2. FIS, Fiserv
3. MasterCard
4. World line
5. PayPal
6. Visa, Apple
7. Ant Financial
8. INTELLIGENT PAYMENTS
9. Wire card
10. Global Payments
11. Capgemini
12. Integra Pay
13. SIA
14. Obopay
15. Ripple
16. Pelican
17. Finastra
18. Nets
19. FSS
20. Montran
21. REPAY
22. Icon Solutions.
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Regional Analysis:
Individual market affecting elements and changes in market legislation that affect present and future marketing strategies are also discussed in the country-focused discussion of the Real-Time Payments market study. Some of the primary elements utilized to anticipate the market situation for particular nations are consumer volumes, processing facilities, and inventories, shipping analysis, price predictive modeling, price of raw materials, and upstream and downstream value chain analysis. While offering forecast analysis of the national data, the existence and affordability of global brands, as well as the obstacles they face due to significant or limited rivalry from local and domestic manufacturers, the influence of local tariffs, and shipping lanes are all taken into account.
COVID-19 Impact Analysis on Real-Time Payments Market:
The COVID-19 outbreak resulted in a severe and prolonged decline in production efficiency, while travel bans and factory closures kept people away from their businesses, leading the Real-Time Payments market to slow in 2020. The new research features pandemic's impact on the Real-Time Payments# market, as well as observations, research, estimations, and projections. The Stellar Real-Time Payments Market Research study contains an in-depth examination of customer behavior in the aftermath of the virus, as well as its influence on the Real-Time Payments market's outlook, classification, trends, and economic constraints.
Key Questions Answered in the Real-Time Payments Market Report are:
- What are the drivers motivating overall Real-Time Payments market advancement in the upcoming period?
- What revenue potential is estimated from the Real-Time Payments market’s transactions in the years ahead?
- What CAGR potential is forecasted for the Real-Time Payments market in the approaching period?
- Who are the significant contenders functioning in the Real-Time Payments market?
- Which region is leading the global Real-Time Payments market share at the end of the forecast period?
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May 02, 2019: The global real-time payments market size is estimated to reach at USD 39.02 billion by 2025 registering a CAGR of 29.3%, according to a new study by Grand View Research, Inc. Real-time payments are digital/electronic payments that allow the immediate transfer of funds in real time through a secured payment gateway.
Growing e-commerce sector and adoption of smartphones coupled with the rising need for fast and convenient payment solutions in large and Small & Medium Enterprises (SMEs), are anticipated to fuel the RTP market expansion.The real time payments infrastructure can significantly enhance the payments' stakeholders experience of disbursements and refunds - a frequent issue for merchants and consumers alike as card refunds generally take at least a few days to process and clear.
Real-time payments solutions are being widely adopted across various industries, such as retail and e-commerce, BFSI, and IT & telecom, owing to their benefits in terms of speed, security, and transparency.
Rising demand for advanced analytics for payment-related data from merchants and corporate users is also driving the market.Download sample Copy of This Report at: https://www.radiantinsights.com/research/real-time-payments-market/request-sample Moreover, availability of advanced online payment systems, such as Google Pay, Apple Pay, and Samsung Pay, and rising adoption of such solutions by large e-commerce retailers are expected to lead the market growth over the forecast period.
Additionally, favorable government initiatives about digital payments across emerging economies, such as India, and China, are estimated to create significant opportunities for market entrants.
The Asia Pacific market is anticipated to witness a significant expansion over the forecast period due to increasing e-commerce sales and adoption of smartphones.Key companies in the market focus on M to enhance their product portfolios, expand geographical presence, and consumer base to deliver RTP solutions across various industries.
The Global Real-Time Payments Market Market research report added by Reports and Data offers an industry-wide analysis of the Real-Time Payments Market market and offers a comprehensive industry outlook to impart clear understanding of the market size, market revenue growth, and scope of the market during the forecast period of 2021-2028.
The report also discusses in details various market segments, environment, regulatory framework, and product and technological innovations and developments.
The report also covers market size, volume, demands, current and emerging trends, market share, CAGR, and production and consumption rates and offers impact analysis of key trends on the market growth.The Real-Time Payments market research report is broadly bifurcated in terms of product type, application spectrum, end-user landscape, and competitive backdrop, which would help readers gain more impactful insights into the different aspects of the market.
Under the competitive outlook, the report’s authors have analyzed the financial standing of the leading companies operating across this industry.
Our team has accurately predicted the future market scope of the new entrants and established competitors using several analytical tools, such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.Get a PDF sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2321Geographical Scenario:The global Real-Time Payments market report comprehensively studies the present growth prospects and challenges for the key regions of the Real-Time Payments market.
The report continues to evaluate the revenue shares of these regions over the forecast timeline.
MarketsandMarkets forecasts the global Real-Time Payments (RTP) market size to grow from USD 6.8 billion in 2018 to USD 25.9 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.6% during 2018–2023.
The high proliferation of smartphones, the increasing demand for immediacy of payments and quicker payment settlements, and the government initiatives are expected to be the major factors for the growth of the market.
Most of the payment solution providers offer RTP solutions, such as payment gateway, payment processing, and payment security and fraud management, leading to faster transaction process.In May 2018, Temenos announced that it would enhance its leading financial crime mitigation product by including an Artificial Intelligence (AI)-based Suspicious Activity Prevention solution to its functionality.
The RTP vendors offer professional and managed services to plan, design, implement, deploy, and train RTP payment solutions.
The increase in the number of real-time transactions in the emerging economies is expected to increase the demand for RTP services.In the RTP market by enterprise size, the Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period.
The increasing demand for scalable and cost-effective solutions is expected to accelerate the growth of RTP solutions in the SMEs segment.The RTP market by deployment mode has been further divided into 2 segments: the cloud and on-premises.
The Global Real-Time Payments Market research report offers accurate insights for the growth prospects of the Real-Time Payments market in the forecast years 2020-2027.
The report is an all-inclusive study of the Real-Time Payments market that offers the readers a better view of the current and emerging market trends through a thorough analysis of the market size, growth trends, supply and demand ratio, market share, sales network and distribution channels, and other key elements.Furthermore, the report is furnished with the current market scenario with regards to the COVID-19 pandemic.
The global public health emergency has disrupted the lives of everyone across the globe.
It has also had a substantial impact on the Real-Time Payments industry as global supply chains have been disrupted, and the financial scenario is tight.
The report assesses the initial and future impact of the pandemic on the market and its key segments to offer an accurate futuristic outlook for remuneration in a post-COVID-19 scenario.Get a sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2321Scope of the Market Report: The report offers a holistic overview of the Real-Time Payments industry that offers all the essential information.
The report is formulated by extensive primary and secondary research and backed by the verified data from industry experts and professionals.
