Global Payment as a Service
Market Report
2025
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 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. 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.
2021 | 2025 | 2033 | CAGR | |
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Global Payment as a Service Market Sales Revenue | 121212 | 121212 | 121212 | 17.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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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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.
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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.
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Global Payment as a Service Market Report 2025 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.
The Payment as a Service market is typically segmented by Component, which play a significant role in determining the structure and growth potential of the industry. Understanding the market by Component allows businesses to focus on specific product categories that are likely to perform the best in the coming years. By understanding the performance and demand trends of each type, companies can target the most lucrative segments, innovate within specific categories, and develop products or services that align with the needs of their target customers. Analyzing the growth patterns by type helps to pinpoint which segments are most likely to grow at an accelerated pace and which ones might experience slower or stagnant growth.
Component of Payment as a Service analyzed in this report are as follows:
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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
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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.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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
This chapter will help you gain North America Market Analysis of Payment as a Service. Further deep in this chapter, you will be able to review North America Payment as a Service Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Payment as a Service. Further deep in this chapter, you will be able to review Europe Payment as a Service Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Payment as a Service. Further deep in this chapter, you will be able to review Asia Pacific Payment as a Service Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Payment as a Service. Further deep in this chapter, you will be able to review South America Payment as a Service Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Payment as a Service. Further deep in this chapter, you will be able to review Middle East Payment as a Service Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Payment as a Service. Further deep in this chapter, you will be able to review Middle East Payment as a Service Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Payment as a Service. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging 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.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
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 2021 - 2033
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 2021 - 2033
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 2021 - 2033
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.
Chapter 14 Research Methodology and Sources
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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