Real-Time Payments Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Feb 2021 | No. of Pages : 250 Pages | Category : ICT

The global Real-Time Payments market size is expected to be worth around US$ 99.80 billion by 2030, according to a new report by Vision Research Reports.

The global Real-Time Payments market size was valued at US$ 10.66 billion in 2020 and is anticipated to grow at a CAGR of 33.05% during forecast period 2021 to 2030.

Growth Factors

The growing internet penetration rate and the proliferation of smartphones are expected to drive the growth of the market over the forecast period. The initiatives being pursued by various governments across the world to promote digital payments are expected to contribute to the growth.

Digital payment solution providers are putting a strong emphasis on ensuring security while making payments using smartphones and bank cards, among other payment methods. Advances in the latest technologies, such as AI and blockchain, are particularly opening opportunities for digital payment solution providers to offer efficient and secure digital payment solutions. For instance, in October 2019, SnapPay Inc. announced the launch of a new facial recognition payment technology for retail store merchants in North America.

Technology companies, such as Facebook, Amazon, WeChat, Alipay, and Google, among others, are focusing on strengthening their presence in the market for real-time payments. For instance, in December 2020, Facebook announced that it has gone live with the payments feature on the WhatsApp messaging platform in India. The initiative fell under the company’s efforts to explore new opportunities in the market.

Report Highlights

The P2B segment dominated the market in 2020 and accounted for a share of more than 63.0% of the global revenue. P2B payments refer to monetary transactions between customers and businesses. The unabated growth of mobile commerce and e-commerce are is one of the major factors that are driving the growth of the segment. According to the statistics provided by Oberlo, a computer software company, mobile commerce sales amounted to USD 2.91 trillion in 2020, almost 25% higher than those reported in 2019.

The P2P segment is anticipated to register the fastest CAGR over the forecast period. Various banking organizations and financial service providers are striking strategic partnerships with third-party payment service solution providers to introduce innovative P2P payment solutions. For instance, in August 2020, CO-OP, a financial service provider, partnered with Zelle, a P2P payment service provider, to provide a streamlined P2P fund transfer platform for credit unions.

The solutions segment dominated the real-time payments market in 2020 and accounted for a share of more than 77.0% of the global revenue. The solutions segment has been further segmented into the payment gateway, payment processing, and security and fraud management. Payment gateways aggregate payments based on online payment portals and in-store gateways. Payment gateway service providers are particularly witnessing an increase in the number of online payments. For instance, in 2019, PayPal noted 277 million active PayPal accounts across the globe. According to the Europe Payments Council, 36% of the retailers across the U.S. were accepting PayPal as a payment method in 2019. The growing preference for payment gateways from retailers is driving the growth of the payment gateway segment.

The on-premise segment dominated the market in 2020 and accounted for a share of more than 61.0% of the global revenue Businesses across the world are adopting on-premise real-time payment solutions to provide secured payment solutions to their customers. For instance, in November 2019, ACI Worldwide announced a strategic collaboration with Microsoft. The collaboration envisages ACI Worldwide delivering its universal payment technology through Microsoft Azure.

The cloud segment is anticipated to register the fastest growth over the forecast period. The increasing adoption of mobile-based payment solutions across the globe is driving the growth of the segment in current days. The rise in the adoption of IoT-based payments is also expected to create new opportunities for market incumbents over the forecast period. According to the Payments Journal, IoT-based payments amounted to USD 5.76 billion in 2019 and are anticipated to reach USD 7.56 billion by 2024. The continued rollout of smart city projects and the growing number of unmanned retail stores are some of the major factors that are driving the growth of the segment.

The large enterprises segment dominated the market in 2020 and accounted for a share of more than 66.0% of the global revenue. Businesses are investing aggressively in real-time payment solutions to ensure efficient and convenient processing of payments. The growing preference for digital payment solutions among big retail stores to ensure a convenient checkout experience for their customers is particularly propelling the growth of the segment. At the same time, large enterprises are investing in startups across emerging countries such as China, India, among others for expanding their regional presence.

The retail and e-commerce segment dominated the market in 2020 and accounted for a share of more than 34.0% of the global revenue. The growing demand for instant payment settlement from merchants and retailers has triggered the adoption of real-time payment solutions. Real-time payment solutions can potentially provide a competitive edge to retailers by offering them an efficient and affordable mode of payments. The growing preference for mobile-based shopping worldwide is also emerging as one of the major factors driving the growth of the market.

The BFSI segment is anticipated to register the fastest growth over the forecast period. Banks across the world are launching real-time payment solutions for enhancing customer experience. For instance, in August 2020, the Federal Reserve System announced FedNow Service's details, a plan to develop instant payment infrastructure in the U.S. The FedNow Service is expected to be launched by 2023 or 2024. This instant payment system will thereby provide benefits to the U.S. communities in the coming years.

Asia Pacific dominated the market in 2020 and accounted for a share of over 38.0% of the global revenue. The growing adoption of real-time payment solutions by large as well as small and medium enterprises in the region is expected to drive the growth of the Asia Pacific regional market. Continued economic development and digitalization are some of the major factors that are anticipated to propel the growth of the regional market. Enterprises in Asia Pacific are putting a strong emphasis on digitalizing their business operations and increasing their IT budget and technology spending, which is expected to create growth opportunities for the regional market.

Key Players

  • ACI Worldwide, Inc.

  • Mastercard Incorporated

  • 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.

Market Segmentation

  • Payment Type Outlook

    • P2B

    • B2B

    • P2P

    • Others

  • Component Outlook 

    • Solutions

      • Payment Gateway

      • Payment Processing

      • Security & Fraud Management

    • Services

      • Advisory Services

      • Integration & Implementation Services

      • Managed Services

  • Deployment Outlook 

    • Cloud

    • On-premise

  • Enterprise Size Outlook 

    • Large Enterprises

    • Small & Medium Enterprises

  • End-use Industry Outlook 

    • Retail & E-commerce

    • BFSI

    • IT & Telecom

    • Travel & Tourism

    • Government

    • Healthcare

    • Energy & Utility

    • Others

  • Regional Outlook

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • Sweden

      • Denmark

      • Switzerland

    • Asia Pacific

      • China

      • India

      • Japan

      • Singapore

    • South America

      • Brazil

      • Argentina

    • Middle East & Africa

The Real-Time Payments market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Real-Time Payments market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Real-Time Payments market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Real-Time Payments market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Real-Time Payments market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Real-Time Payments capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Real-Time Payments by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Real-Time Payments market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Real-Time Payments market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Real-Time Payments market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Real-Time Payments industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Real-Time Payments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Real-Time Payments market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Real-Time Payments market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Real-Time Payments market. These factors have benefited the growth of the global market for Real-Time Payments. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Real-Time Payments. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Real-Time Payments are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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