Global Payment as a Service
Market Report
2024
The global Payment as a Service market size is USD 14.3 billion in 2024. The Payment as a Service market will show strongest growth with a compound annual growth rate (CAGR) of 17.9% from 2024 to 2031. This growth can be attributed to increasing demand for digital payment methods.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Payment as a Service market size is USD 14.3 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 17.9% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Payment as a Service Market Sales Revenue 2024 | $ 14.3 Billion |
Global Payment as a Service Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 17.9% |
Market Split by Component |
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Market Split by Services |
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Market Split by Industry |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Payment as a Service industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Payment as a Service Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
PaaS suppliers provide a variety of services, including payment gateway integration, fraud detection and prevention, payment processing, and merchant account administration. The fundamental goal of the market is to allow businesses to outsource their payment processes to third-party providers, decreasing complexity, increasing efficiency, and improving the customer experience. Several factors contribute to the growth of the PaaS industry. For starters, the growing use of digital payment methods and the proliferation of e-commerce platforms are pushing the demand for efficient and secure payment solutions. The advent of Internet shopping and mobile payments has created a demand for payment processing systems that are both seamless and convenient. In addition, regulatory initiatives and compliance requirements, such as the Payment Card Industry Data Protection Standard (PCI DSS), are driving firms to seek out reputable PaaS suppliers who can guarantee compliance and data protection.
report description
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In June 2022, Mastercard announced the transition of its payment network to Web3 and NFTs integration, enabling NFT commerce. This system improvement improves consumer access and convenience when compared to traditional systems. Mastercard also expanded its use of Web 3 as part of this project in order to provide improved customer service. (Source: https://nftnewstoday.com/2022/06/12/mastercard-onboards-2-9-billion-into-web3-and-nfts/)
Top Companies Market Share in Payment as a Service Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market share for payments as a service. The rise in online transactions has boosted the need for payment processing as a service in the area, which can be attributed to the payment industry's increased technology adoption.
The Asia-Pacific Payment as a Service Market is predicted to expand at the quickest CAGR between 2023 and 2032. Governments' aggressive efforts to promote digitization and the adoption of digital payment technology can be attributed to regional expansion.
The current report Scope analyzes Payment as a Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Payment as a Service Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Payment as a Service Industry growth. Payment as a Service market has been segmented with the help of its Component, Services Industry, and others. Payment as a Service market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Payment as a Service market.
Component of Payment as a Service analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Payment as a Service Industry. Request a Free Sample PDF!
According to cognitive market research, the professional services segment had the highest revenue share in 2024. The segment's rise is being driven by an increase in the global usage of professional services that provide API-based services for digital payments. These services assist businesses in making online payments easy, complying with many tax regulations, ensuring payment safety and security, creating self-service accounts, and tracking financial success, among other things
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Payment as a Service market report 2024 Edition by contacting our team.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Payment as a Service Market is witnessing significant growth in the near future.
In 2023, the Platform segment accounted for noticeable share of global Payment as a Service Market and is projected to experience significant growth in the near future.
The Managed Services segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Agilysys NV LLC. , Aurus Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Component | Platform, Services |
Services | Managed Services, Professional Services |
Industry | Retail & E-commerce, Healthcare, Travel & Hospitality, BFSI, Others |
List of Competitors | Agilysys NV LLC., Alpha Fintech, Aurus Inc., First American Payment Systems L.P., Fiserv Inc., Ingenico, Paysafe Holdings UK Ltd., Pineapple Payments, Total System Services LLC., VeriFone, Inc. |
This chapter will help you gain GLOBAL Market Analysis of Payment as a Service. Further deep in this chapter, you will be able to review Global Payment as a Service Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Payment as a Service Market Trends North America Payment as a Service Technological Road Map North America Payment as a Service Market Drivers North America Payment as a Service Market Restraints North America Payment as a Service Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Services Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Industry Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Payment as a Service market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Platform have a significant impact on Payment as a Service market? |
What are the key factors affecting the Platform and Services of Payment as a Service Market? |
What is the CAGR/Growth Rate of Managed Services during the forecast period? |
By type, which segment accounted for largest share of the global Payment as a Service Market? |
Which region is expected to dominate the global Payment as a Service Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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