The total Global B2B Payments Market is estimated to reach 1,618.15 USD Billion by 2028, up from 903.50 USD Billion in 2021, at a compound annual growth rate (CAGR) of 10.20%, states Vantage . As we are given the company's sales and market share, we can use the above equation to calculate the company's market share. Card Payment Market Overview By Industry Size, Market Share, Recent Trends, Growth Factors, CAGR Analysis, Leading Manufacturers . With net margin of 50.73 % company achieved higher profitability . For the 12 months ending Dec. 30, 2020, . Procure to Pay Software Market report gives detailed analysis of industry with market size, forecasts covering till 2029. The total purchase volume of general-purpose card brands in the US hit $6.6 trillion in 2019. In the first half of 2020, many cross-border fundamentals radically changed: International travel all but ground to a halt, with more than 90 percent of countries imposing restrictions. The market growth can be attributed to the high proliferation of smartphones and the adoption of cloud-based solutions for faster payments. Calculate the company's sales. Our reports feature standardised and cross-comparable statistics including total market sizes, market share and brand share data, distribution and industry trends. This could be a fiscal quarter, year or range of years. Growing preference for contactless payment methods is a significant factor driving revenue growth of the digital payment market. The next step is to calculate the total sales for the company in question for the identified period. The credit card industry is a big business, and it is dominated by a handful of major banks and payment networks. (Nasdaq) By 2020, Zelle will have the biggest online payments market share at 56.1 million users, followed closely by Venmo at 38.7 million users. The Tablet Market is Fragmented among many vendors. Payments Landscape Market Key Industry Analysis. . Banking industry market share is important to consumers and investors alike. Online shopping, payment of utility bills (like electricity, mobile bills, water bills, etc.) Get FREE Sample Buy Now Request for Table of Content . In 2018, credit cards contributed 52.5% of global payment value, versus 47.5% for debit cards. The largest share of that volume (31%) came from Visa credit cards. Payment Processing Software Market Share Number of Technologies 290 The global market size of the Payment Processing industry is 526,028 companies, and there are 230 companies producing Payment Processing technologies. Global Mobile Commerce Market Global Mobile Commerce Market Dublin, July 05, 2022 (GLOBE NEWSWIRE) -- The "Mobile Commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity and . In May 2020, it stood at $995.6 billion. Online Payment Gateway Market Size 2022, Share, Sales, Demand, Industry Analysis, Trends, Scope and Global Forecast 2029 - VMR Published: June 30, 2022 at 2:42 a.m. Merchant services can also encompass payment gateways, gift cards, loyalty programs, online transaction processing, and more. Apr 22, 2022. 2. Robust and transparent research methodology, conducted in . Based on our analysis, the global market exhibited a significant growth of 27.9% in 2020 as compared to the average year-on-year growth during 2017-2019. Digital Payment Market Size, Share & Trends Analysis Report By Deployment (Cloud, On-premise), By Solution (Payment Gateway, Payment Processing), By Mode of Payment, By Enterprise Size, By . 10. (eMarketer) The global fintech market is expected to grow at a CAGR of 23.58% from 2021 to 2025. One year later, the picture is unexpectedly positive—on the payments front—despite challenges. Digital Payments are constantly evolving, the European Digital Payments Industry . Looking forward, IMARC Group expects the market to reach US$ 32,420 Billion by 2027, exhibiting a growth rate (CAGR) of 58.4% during 2022-2027. What is Market Share? The industry report also delivers a detailed analysis of the present and upcoming Opportunities to clarify future investment during the P2P Payment . In the United States alone, the total transaction volume of Mobile peer-to-peer (P2P) payments will surpass $300 billion by 2021. There were 1.08 billion general purpose and private label credit cards in circulation in the United States at the end of 2020, a decline of 0.9% . Market research on the consumer finance industry. In 2019 Apple market share of 34.6% made it the tablet market share leader. The digital payments market was valued at USD 7.36 trillion in 2021. Since you likely already track sales data, calculating your market share is a straightforward process. The global real-time payments market size was valued at USD 13.55 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 34.9% from 2022 to 2030. Evolving payments economics Trend 3. Payments is one industry in which Fintechs have facilitated drastic changes to the landscape . Your firm had $100,000 in sales. Once you have this result, multiply the number by . In fact, cash and check's share of in-store retail and food services transaction value will tick down to 18.5% this year and continue its downturn into 2023, per our forecast. Find Payment Processing Market Research Reports and industry analysis for market segmentation data, market growth and new busin. The market trends with all types of payment options like debit card, online . The global metaverse market size is expected to reach USD 1,607.12 Billion in 2030 and register a revenue CAGR of 43.3% during the forecast period. 81 per cent of existing digital payment users prefer the medium over other non-cash payment methods like cheques or demand drafts. 1.3.1 Global Card Payment Market Share by Application: 2016 VS . Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect . Digital payment is one of the primary growth imperatives for a country's economy. Popular mobile payments services in India are overlaid on Unified Payments Interface, a banking industry-sponsored protocol that lets people link their bank accounts with their phone numbers through payment apps. The Netherlands (9%), Denmark (8% . The global digital payments market is expected to grow significantly during the forecast period. hitesh July 4, 2022 0 6 min read The Payment Management Software global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth . Global B2B Payments Market report emphasizes a detailed understanding of some decisive factors such as size, share, sales, forecast trends, supply, production, demands, industry, and CAGR in order . Anticipated growth in the market can be attributed to growing smartphone user base and rising internet penetration across the country. Increasing cross-border shopping is also emerging as one of the major factors driving the preference for mobile payments. It is projected to be worth USD 15.27 trillion by 2027, registering a CAGR of 12.38% from 2022 to 2027. On the one hand, understanding which banks and credit unions do the most business will help guide your search for the right credit card, prepaid card, checking account, etc. Asia Pacific is one of the prominent regions in the payment processing solutions market. Company's Total Share: 30. Development of new standards to govern the flow of money Trend 4. Global B2B Payments Market report emphasizes a detailed understanding of some decisive factors such as size, share, sales, forecast trends, supply, production, demands, industry, and CAGR in order . Indicators point to a nominal but geographically uneven rebound in 2021, bringing revenue back into the range of 2019's record high. Increasing smartphone adoption globally is likely to drive the industry demand. General-purpose credit card payments had a value of $3.64 trillion in 2018, . Calculation of market share can be done as follows: Market Share = US$ 30 million / US$ 500 . Table of Content 1 Report Overview 1.1 Study Scope 1.2 Key Market Segments 1.3 Regulatory Scenario by Region/Country 1.4 Market Investment Scenario Strategic 1.5 Market Analysis by Type 1.5.1 Global Commercial Payment Cards Market Share by Type (2020-2026) 1.5.2 Commercial Credit Cards 1.5.3 Commercial Debit Cards 1.5.4 Others 1.6 Market by . Lenovo market share was 9%. And with the rise in ecommerce the merchant acquiring industry is . Our reports fea. (Research and Markets, 2020) Blockchain and regulatory technology (regtech) are the fastest-growing segments of . The P2P Payment market size highlights the market essentials, opportunities, regional market, emerging growth factors, market challenges, forecast, and competitors joined with their market share. The total purchase volume though these cards was $2.08 trillion, which was up by 6.8% compared to 2018. Global research provides insight into market share . From there, McKinsey projects a return to historical mid-single-digit growth rates, generating 2025 . According to the statistics provided by J.P. Morgan 2020 E-commerce Payments Trends Report, 54% of mobile commerce payments are done through dedicated shopping applications. SHERIDAN, ALABAMA, UNITED STATES, February 2, 2022 / EINPresswire.com / -- According to the latest report by IMARC Group, titled " Credit Card Payment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global credit card payment market reached a value of US$ XX Billion in 2021. . Digital Payments are constantly evolving, the European Digital Payments Industry Alliance's leadership share views on opportunities and efforts to be made in this space. Visa is the largest of the four major U.S. credit card networks. Market share = (Your firm's sales / Total industry sales) * 100. Detailed segmentation of international and local products. Global market revenue growth is driven by key factors such as rising focus on converging digital and physical worlds, increasing demand for applications and products based on virtual, augmented, and . The study offers historical data from 2016 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Million). The global impact of COVID-19 has been unprecedented and staggering, with mobile payment witnessing a positive impact on demand across all regions amid the pandemic. Online Payment Market Size, Share | Global Industry Report, 2020-2027 Online Payment Market Size, Share & COVID-19 Impact Analysis, By Payment Type (Mobile Payment, Online Banking, and Digital Wallet), By Industry (Media & Entertainment, Retail, BFSI, Food & Beverages, IT &Telecom, Transportation, and Others), and Regional Forecast, 2020-2027 9. Top networks by market share Visa. The mobile wallet payment segment in value terms increased at a CAGR of 21.8% . In 2019, cross-border payments totaled $130 trillion, generating payments revenues of $224 billion (up 4 percent from the previous year). Analog payments plunged at the pandemic's onset, and will continue slowing down this year as debit, credit, and prepaid cards duel for their share of usage. For the next five years, annual growth will average 7 percent, making payments a $2-trillion-dollar-industry . The report covers a detailed analysis and forecast for the global payments landscape market on a global and regional level from 2021 to 2028. In other words, a company's market share is its total sales in relation to the overall industry sales of the industry in which it operates.. Say, for example, the purchasing activity of consumers as a whole is 100 tubes of toothpaste, and a certain toothpaste maker sells . Solution: Use the below-given data for the calculation of the market share. These reports pinpoint trends which drive business available through the web, online advertisements and social media. Mobile Payment Market Outlook - 2027 The global mobile payment market size was valued at $1.48 trillion in 2019, and is projected to reach $12.06 trillion by 2027, growing at a CAGR of 30.1% from 2020 to 2027. Do you work in the Payments & Commerce industry? Payments Market Size Global payment market revenues totaled USD 1.98 Trillion in 2021, CAGR is about 6.25% in the period of 2022-2030. However, the average transaction value may . If you multiply this by 100, you find that your market share is 2%. Breakup by Component: Global Digital Payment Market Share, By Component (in US$ Million) Solutions Services 40% 60% www.imarcgroup.com India mobile wallet market is projected to grow from around $ 16 billion in 2018 to $ 184 billion by 2024, exhibiting growth at a staggering CAGR of 44% during 2019 - 2024. India processed the highest number of real-time transactions in 2019, according to our review of instant payments in five large . It can help boost productivity and economic growth, improve transparency, increase tax revenue, expand financial inclusion, and open new economic opportunities for end users. Credit spending growth is expected to stabilize in 2022, as consumers' lasting embrace of ecommerce will push online credit card usage past $500 billion for the first time. Industry analysis focuses on digital media, healthcare solutions, manufacturing supply chains, digital and traditional ticketing solutions, pharmaceuticals and mobile payments. and movie tickets are . - 45) 5.1 INTRODUCTION 5.2 MARKET DYNAMICS FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND . Payments revenue did indeed decline—to $1.9 trillion globally—but by less than we anticipated last fall. Forecast of credit card transactions incoming which is anticipated to fall from 60% of current overall market share to 36% as per the statistics of Worldpay, whereas, the debit card transactions are expected to rise. USA Cards Circulation Statistics: The report by Market Data Forecast predicts that the number of cards in circulation in the country will rise from 1,422.1 million to 1,557.5 million by 2021 with a CAGR close to 5%. Samsung market share was 15.1% of the Tablet market, driven by its range of Galaxy tablets. Asia Pacific is estimated to hold the largest market share in payment processing solutions market in 2022. The P2P Payment market size highlights the market essentials, opportunities, regional market, emerging growth factors, market challenges, forecast, and competitors joined with their market share. That's lower than mid-2019, when US credit card users were juggling a combined credit card debt of $1.08 trillion. Comparing the results to its competitors, Visa Inc reported Total Revenue increase in the 1 quarter 2022 by 25.48 % year on year. During 2014-2018, global debit card payment value grew at an average rate of 12.2%, versus 11.4% credit card payment value growth. Our report has categorized the market based on component, payment mode, deployment type and end use industry. The global digital payment market size is expected to reach USD 215.88 Billion in 2028, and register a CAGR of 13.3% during the forecast period. V Sales vs. its Competitors Q1 2022. Payments revenue did indeed decline—to $1.9 trillion globally—but by less than we anticipated last fall. Indicators point to a nominal but geographically uneven rebound in 2021, bringing revenue back into the range of 2019's record high. Singapore Cards & Payments Market - Highlights. Market research on the consumer finance industry. ET The mobile payment industry in India is expected to record a CAGR of 22% to reach US$ 1,259,449.2 million by 2025. List of TOP KEY PLAYERS in Mobile Contactless Payments Market Report are: - Heartland Payment Systems Oberthur Technologies Ingenico Group Verifone Inside Secure On Track Innovations Cryptomathic. How to Calculate Market Share. As per Juniper Research, Apple Pay, Google Pay, and Samsung Pay are set to own 56% of the combined market share of mobile payments in 2021. $100,000 / $5 million is .02. Market share 2021 (%) Total Assets 2021 (In Billions) Total Assets 2020 (In Billions) Total . The Instant Payment Market Research Report gives CAGR value, Industry Chains, Upstream, Geography, End-user, Application, Competitor analysis, SWOT Analysis, Sales, Revenue, Price, Gross Margin, Market Share, Import-Export, Trends and Forecast. Five payments trends shaping 2020 Trend 1. The first step to calculating a company's market share is to identify the fiscal period you want to review. The Government of India has launched various initiatives to help promote digital payments. Crypto Payment Gateway Market Size, Share & Trends Analysis Report By Type (Web-Based, Mobile Based, Hybrid), By Application (iGaming, Online Entertainment Projects, e-Stores, Others) Based on . (Research and Markets, 2020) Artificial intelligence is one of the leading technologies in the fintech market, with a market share of 38.25% in 2019. As seen, SBI has the largest market share in deposits (23.9%) and credits (22.5%), being the biggest public sector bank in India. Mobile Wallet Market size exceeded USD 100 billion in 2020 and is expected to grow at over 20% CAGR between 2021 and 2027. The digital payment industry is gaining momentum and is projected to grow at an exponential rate. Industry Sales: 500. Competition between closed and open payments platforms Trend 2. The sales growth was above Visa Inc 's competitors average revenue growth of 8.71 %, recorded in the same quarter. The global mobile transaction volume crossed 100 billion in 2020, with transaction value accounting for about USD 6 trillion. Select a fiscal period. This market excludes interest charged by the banks on credit cards or other cards.