Global Real-Time Payments Market Overview
According to SPER Market Research, the Global Real-Time Payments Market is estimated to reach USD 372.85 billion by 2032 with a CAGR of 35.73%.
Real-Time Payments are interbank, fully electronic transactions in which funds are irrevocably transferred from one bank to another and confirmation of the transaction is made available to the payer and the recipient within one minute or less. Because real-time payments are less expensive, quicker, more efficient, and potentially less risky than traditional methods of transmitting money, they are appealing to both businesses and consumers. Some of the key advantages of real-time payments that drive the market expansion include real-time transaction processing, payment device versatility, shorter transaction times, and increased convenience. Retailers and customers can now conduct real-time payments using their smartphones thanks to the widespread adoption of real-time payments among merchants, increased smartphone usage, and better connectivity.
Impact of COVID-19 on the Global Real-Time Payments Market
The COVID-19 epidemic had a favorable effect on the real-time payments sector since it caused a decline in cash and check payments while increasing contactless payment trends. In addition, in response to COVID-19 concerns, banks and merchants all around the world are raising the restrictions on real-time payment transactions to enable bigger value payments to be performed without touching the terminal.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Component, By Deployment, By End-use Industry, By Enterprise Size, By Payment Type
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | ACI Worldwide, Inc.; Mastercard Inc.; Finastra; Visa Inc.; PayPal Holdings, Inc.; Fiserv, Inc.; Fidelity National Information Services, Inc. (FIS Inc.); Wirecard AG; Worldpay, Inc.; Temenos AG; Montran Corporation; Volante Technologies Inc.
|
Global Real-Time Payments Market Segmentation:
1. By Component:
- Services
- Solutions
- Advisory Services
- Integration & Implementation Services
- Managed Services
- Payment Gateway
- Payment Processing
- Security & Fraud Management
2. By Deployment:
3. By End-use Industry:
- BFSI
- Energy & Utilities
- Government
- Healthcare
- IT & Telecom
- Retail & E-commerce
- Travel & Tourism
- Others
4. By Enterprise Size:
- Large Enterprises
- Small & Medium Enterprises
5. By Payment Type:
6. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Real Time Payment Market (FY’2019-FY’2032)
- Overview of Global Real Time Payment Market
- Segmentation of Global Real Time Payment Market By Component (Services, Solutions)
- Segmentation of Global Real Time Payment Market By Deployment (Cloud, On Premise)
- Segmentation of Global Real Time Payment Market By End-use Industry (BFSI , Energy & Utilities ,Government ,Healthcare ,IT & Telecom ,Retail & E-commerce ,Travel & Tourism, Others)
- Segmentation of Global Real Time Payment Market By Enterprise Size (Large Enterprise, Small and Medium Enterprises)
- Segmentation of Global Real Time Payment Market By Payment Type (P2B, B2B , P2P,Others)
- Statistical Snap of Global Real Time Payment Market
- Growth Analysis of Global Real Time Payment Market
- Problems and Challenges in Global Real Time Payment Market
- Competitive Landscape in the Global Real Time Payment Market
- Impact of COVID-19 and Demonetization on Global Real Time Payment Market
- Details on Recent Investment in Global Real Time Payment Market
- Competitive Analysis of Global Real Time Payment Market
- Major Players in the Global Real Time Payment Market
- SWOT Analysis of Global Real Time Payment Market
- Global Real Time Payment Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst