Europe Digital Payment Market By Component (Solutions and Services), By Deployment Type (On-premise and Cloud), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (BFSI, Retail & eCommerce, Transportation & Logistics, Healthcare, Telecom & IT, Media & Entertainment and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Europe Digital Payment Market would witness market growth of 19% CAGR during the forecast period (2020-2026). The digital transaction of money through a medium is known as digital payment. These payments are made over the internet & mobile payments at the point of sale (PoS) by using mobile apps. There is increasing use of digital payment methods over the traditional payment methods like cash, cheques, money orders, and demand drafts.
There are many benefits of digital payment over the traditional payment methods like it is a convenient, easy, and accessible mode of payment for the customers. These digital payments also help in coping up with the problems like pickpocketing, theft, and losses. Cash-based purchases are mostly irreversible but digital payments are more users friendly and hence provide an easy return policy for the customers. Digital payments use application program interface (API), blockchain, and mobile wallet technologies, which makes it a smart, real-time, and customized payment method. These technologies also help in improving customer experience and supporting quick, secure & convenient payment methods. As a result, the global digital payment market is expected to boost due to high adoption of this new & advanced technology.
Based on Component, the market is segmented into Solutions and Services. Solutions Segment is further bifurcated across Payment Processing, Payment Gateway, Application Program Interface, Transaction Risk Management, Payment Security & Fraud Management and Others. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into BFSI, Retail & eCommerce, Transportation & Logistics, Healthcare, Telecom & IT, Media & Entertainment and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The Germany market dominated the Europe Cloud Digital Payment Market by Country 2019, growing at a CAGR of 19.3 % during the forecast period. The UK market is exhibiting a CAGR of 19.7% during (2020 - 2026). Additionally, The France market is anticipated to witness a CAGR of 21.5% during (2020 - 2026).
The Large Enterprises market dominated the Spain Digital Payment Market by Enterprise Size 2019, thereby, achieving a market value of $1,757.5 million by 2026. The Small & Medium Enterprises market is showcasing a CAGR of 22.7% during (2020 - 2026).
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fidelity Information Services (FIS), Inc., Fiserv, Inc., PayPal Holdings, Inc. (eBay), Visa, Inc., Mastercard, Inc., Apple, Inc., Naspers Limited (PayU Group), Adyen N.V., Square, Inc., and Global Payments, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Payment Processing
- Payment Gateway
- Application Program Interface
- Transaction Risk Management
- Payment Security & Fraud Management
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
- Retail & eCommerce
- Transportation & Logistics
- Telecom & IT
- Media & Entertainment
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Fidelity Information Services (FIS), Inc.
- Fiserv, Inc.
- PayPal Holdings, Inc. (eBay)
- Visa, Inc.
- Mastercard, Inc.
- Apple, Inc.
- Naspers Limited (PayU Group)
- Adyen N.V.
- Square, Inc.
- Global Payments, Inc.
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