The Europe Payment Orchestration Platform Market would witness market growth of 21.9% CAGR during the forecast period (2022-2028).
POPs can also control billing and payment settlements, as well as generate real-time payment data, all from a single dashboard. The ability to manage the full payment process without exiting the platform is advantageous for merchants. Although both payment orchestration and processing accept credit cards, their methods are distinct. Payment processing collaborates with several organizations to complete transactions, whereas payment orchestration platforms finish the entire card procedure on a single, unified software platform.
This is a significant distinction. Business owners may often set up their payment processes with a variety of interfaces or payment methods, including international alternatives, using payment orchestration platforms. Furthermore, the integrations thata can be used are restricted more by payment processors. To design a digital payment solution that satisfies each merchant's demands and enables them to scale, payment orchestration offers increased flexibility and control.
Germany has a very thriving and established market for medical equipment. End of the 19th-century brands like Siemens, Carl Zeiss, and Dragerwerk attest to the long tradition of manufacturing high-quality medical equipment with a focus on diagnostic imaging, precise medical and dental instruments, and optical technology. Germany has the third-biggest medical technology market in the world. It is also by far the largest market in Europe with a market size that is double that of France and three times that of Italy, the United Kingdom, and Spain.
The Germany market dominated the Europe Payment Orchestration Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $253.5 million by 2028. The UK market is anticipated to grow at a CAGR of 21% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 22.8% during (2022 - 2028).
Based on Type, the market is segmented into B2B, B2C, and C2C. Based on End Use, the market is segmented into BFSI, E-commerce, Healthcare, Travel & Hospitality, and Others. Based on Functionalities, the market is segmented into Cross Border Transactions, Risk Management, and Advanced Analytics & Reporting. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Payment Orchestration Platform Market will Hit $3.7 Billion by 2028, at a CAGR of 22.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CellPoint Digital Ltd., IXOLIT Group, Payoneer, Inc., APEXX Fintech Ltd., Rebilly, Spreedly, Inc., Modo Payments, LLC, Akurateco BV, BNT SOF, and aye4fin GmbH.
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