DUBLIN--(BUSINESS WIRE)--The "Global
Digital Payments Market Segmented by Mode of Payment (Contact and
Contact-less), End-user Industry, and Region - Growth, Trends, and
Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's
Global Digital Payments Market is projected to register a CAGR of 14.1%, during the forecast period, 2018-2023.
Digital Payments is the biggest FinTech segment in 2017 due to a high online shopping penetration. Seamless integration of Payment Solutions is also a major driving force in the digital payments market. Consumers, as well as businesses, are interested in faster, safer, and more convenient payment methods. There are different digital payment methods, like bank Cards, Net Banking, e-wallets, Mobile In-store applications, etc.
Millennials accounting close to 27% of the global population, have technology as such an integral part of their lifestyle. This population group has been identified to be heavily influenced by technology, while the generation's buying habits and expectations are based on Instant gratification that smartphones, Internet, and modern conveniences provide. This has paved the way for retailers and other service providers to target customers where they usually dwell, the internet. The internet drove the e-commerce across most of the sectors and regions. The e-commerce market in the world is estimated to reach USD 653 billion in 2018. In 2017 the global e-commerce market is dominated by China with a market size of USD 672 billion while India, Indonesia, and Mexico are emerging markets.
In 2017, China is the largest global digital payments market due to its high online shopping volume. The APAC region is expected to display the highest growth rate owing to increasing adoption of internet and rising e-commerce in several countries, like India, Indonesia. Moreover, the Indian government's strategic plan of making India a cashless economy is offering new opportunities for small players to enable digital payment services.
- PayPal Holdings Inc
- Amazon.com Inc.
- Google LLC.
- Mastercard Incorporated
- Visa Inc.
- Apple Inc.
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Digital Payments Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future Outlook of Global Digital Payments Market
For more information about this report visit https://www.researchandmarkets.com/research/b3lmxw/global_digital?w=4