Outlook on the Real-Time Payments Global Market to 2026 - Key Industry Analysis and Forecasts

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Mar 04, 2021, 18:30 ET

DUBLIN, March 4, 2021 /PRNewswire/ -- The "Global Real-Time Payments Market By Component, By Payment Type, By Deployment Type, By End User, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.

The Global Real-Time Payments Market size is expected to reach $62.5 billion by 2026, rising at a market growth of 32.3% CAGR during the forecast period. Real-time payments are considered as electronic/digital payments that allow the rapid transfer of funds with the help of a safe payment gateway. Creating web-based businesses like the e-commerce segment and deployment of cell phones along with the increasing need for rapid and beneficial payment solutions in Small and Medium Enterprises (SMEs), are expected to boost the real-time payment market.

The real-time payments framework can significantly enhance the understanding of payments partners regarding disbursements and refunds as it was a constant problem for vendors and shoppers because it takes take some days to process and clear. Real-time payments solutions are majorly adopted by various ventures such as retail & internet business, BFSI, and IT & telecom, due to their benefits regarding speed, security, and transparency. Increasing demand for better analytics for payment associated information from traders and corporate clients is further fueling the growth of the market.

The market is majorly relied on the increasing usage of cell phones around the world and the emerging demand for rapid clearances and repayments of money transactions among vendors and buyers. Moreover, the increasing acceptance of real-time payment solutions by web-based business retailers and retail location owners are expected to boost the growth of the market. These solutions provide advantages such as rapid transaction speed in comparison with the majority of electronic techniques, real-time messaging, broad data transactions, and 24*7 accessibility to vendors and corporate organizations.

Based on Component, the market is segmented into Solution and Services. In 2019, the real-time payments market was dominated by the solutions segment. Solution segment is further bifurcated across Payment Gateway, Payment Processing and Security & Fraud Management. Payment gateways collect payments on the basis of online payment portals and in-store gateways. Payment gateway service providers are specifically observing a surge in the number of online payments. The growth of the payment gateway segment is boosted by the rising inclinations of retailers towards payment gateways.

Based on Payment Type, the market is segmented into Person-to-Business (P2B), Business-to-Business (B2B), Person-to-Person (P2P) and Others. The P2B acquired the highest market size in 2019. P2B payments are considered as monetary transactions between customers and businesses. The sustained development of mobile commerce and e-commerce is one of the primary aspects that are fueling the segment growth.

Based on Deployment Type, the market is segmented into On-premise and Cloud. The cloud segment is expected to exhibit the highest growth rate during the forecast period. Mobile-based payment is increasingly adopted around the world, which is anticipated to push the segment growth in recent years. Emerging growth opportunities in the market are occurring due to the surge in the adoption of IoT-based payments. The constant introduction of smart city projects and the increasing unmanned retail stores are few of the significant factors that are boosting the segment's growth.

Based on End User, the market is segmented into Retail & E-commerce, Government & Utilities, Healthcare, Telecom & IT, Travel & Hospitality, BFSI and Others. The BFSI segment is expected to exhibit promising growth during the forecast period. In order to improve the customer experience, banks around the world are introducing real-time payment solutions. For example, In August 2020, the Federal Reserve System launched FedNow Service's details, a plan to create an instant payment framework in the U.S. The FedNow Service is anticipated to be introduced by 2023 or 2024. Therefore, this instant payment infrastructure will offer advantages to the U.S. communities in the next few years.

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America region is anticipated to register a prominent growth rate over the forecast period. Various leading market players have their presence in North America. The increasing number of immigrants in North American countries like the U.S. and Canada is anticipated to raise the number of cross-border disbursements, hence boosting the regional market growth. The domestic and global players are putting heavy investments in order to enable real-time payments, thereby propelling the growth of the regional market.

The major strategies followed by the market participants are Acquisitions and Partnerships. Based on the Analysis presented in the Cardinal matrix; Apple, Inc. is the major forerunner in the Real-Time Payments Market. Companies such as Fiserv, Inc., Temenos AG, and Visa, Inc., Finastra Group Holdings Limited, PayPal Holdings, Inc., Mastercard, Inc., Fidelity Information Services (FIS), Inc., ACI Worldwide, Inc. are some of the key innovators in the market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ACI Worldwide, Inc., Fidelity Information Services (FIS), Inc., Fiserv, Inc., Mastercard, Inc., PayPal Holdings, Inc. (eBay), Visa, Inc., Apple, Inc., Temenos AG, Capgemini SE, and Finastra Group Holdings Limited (Vista Equity Partners).

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Key Topics Covered:

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Real-Time Payments Market, by Component
1.4.2 Global Real-Time Payments Market, by Payment Type
1.4.3 Global Real-Time Payments Market, by Deployment Type
1.4.4 Global Real-Time Payments Market, by End User
1.4.5 Global Real-Time Payments Market, by Geography
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, Aug - 2021, Jan) Leading Players

Chapter 4. Global Real-Time Payments Market by Component
4.1 Global Real-Time Payments Solution Market by Region
4.2 Global Real-Time Payments Market by Solution Type
4.2.1 Global Real-Time Payments Payment Gateway Market by Region
4.2.2 Global Real-Time Payments Payment Processing Market by Region
4.2.3 Global Real-Time Payments Security & Fraud Management Market by Region
4.3 Global Real-Time Payments Services Market by Region

Chapter 5. Global Real-Time Payments Market by Payment Type
5.1 Global Person-to-Business (P2B) Real-Time Payments Market by Region
5.2 Global Business-to-Business (B2B) Real-Time Payments Market by Region
5.3 Global Person-to-Person (P2P) Real-Time Payments Market by Region
5.4 Global Other Payment Type Real-Time Payments Market by Region

Chapter 6. Global Real-Time Payments Market by Deployment Type
6.1 Global On-premise Real-Time Payments Market by Region
6.2 Global Cloud Real-Time Payments Market by Region

Chapter 7. Global Real-Time Payments Market by End Use
7.1 Global Retail & E-commerce Real-Time Payments Market by Region
7.2 Global Government & Utilities Real-Time Payments Market by Region
7.3 Global Healthcare Real-Time Payments Market by Region
7.4 Global Telecom & IT Real-Time Payments Market by Region
7.5 Global Travel & Hospitality Real-Time Payments Market by Region
7.6 Global BFSI Real-Time Payments Market by Region
7.7 Global Others Real-Time Payments Market by Region

Chapter 8. Global Real-Time Payments Market by Region
8.1 North America Real-Time Payments Market
8.2 Europe Real-Time Payments Market
8.3 Asia Pacific Real-Time Payments Market
8.4 LAMEA Real-Time Payments Market

Chapter 9. Company Profiles
9.1 ACI Worldwide, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Acquisition and Mergers:
9.1.6 SWOT analysis
9.2 Fidelity Information Services (FIS), Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Acquisition and Mergers:
9.2.5 SWOT Analysis
9.3 Fiserv, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Partnerships, Collaborations, and Agreements:
9.3.4.2 Acquisition and Mergers:
9.3.4.3 Product Launches and Product Expansions:
9.3.5 SWOT Analysis
9.4 Mastercard, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Partnerships, Collaborations, and Agreements:
9.4.4.2 Acquisition and Mergers:
9.5 PayPal Holdings, Inc. (eBay)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisition and Mergers:
9.6 Visa, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Recent strategies and developments:
9.6.3.1 Partnerships, Collaborations, and Agreements:
9.6.3.2 Acquisition and Mergers:
9.6.3.3 Product Launches and Product Expansions:
9.7 Apple, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Product and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Temenos AG
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Recent strategies and developments:
9.8.4.1 Partnerships, Collaborations, and Agreements:
9.8.4.2 Acquisition and Mergers:
9.8.4.3 Product Launches and Product Expansions:
9.8.5 SWOT Analysis
9.9 Capgemini SE
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.10. Finastra Group Holdings Limited (Vista Equity Partners)
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:

For more information about this report visit https://www.researchandmarkets.com/r/jhdgg1

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