Market Insights:
Real-Time Payments Market size was valued at USD 13.7 Billion in 2021, registering a CAGR of 32.2% during the forecast period (2022-2030), and the market is projected to be worth USD 168.97 Billion by 2030.
Real-time payments are interbank, fully electronic transactions in which funds are transferred irrevocably from one bank account to another and confirmation of the transaction is provided to the payer and recipient within one minute or less. Because real-time payments are less expensive, quicker, more efficient, and possibly lower-risk than conventional methods of moving money, they are appealing to both businesses and consumers.
Real-Time Payments Market Research Report” was just released by Market Research Community. It is divided into several categories, including Payment type (P2B, B2B, P2P, Others), Component (Solution (Payment Gateway, Payment Processing, Security & Fraud Management, Advisory Services, Integration & Implementation Services, Services), Services), Deployment Mode (On-premises, Cloud) Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises (SMEs)) Industry Vertical (Retail & E-commerce, BFSI, IT & Telecom, Travel & Tourism, Government) and companies (Microsoft Corporation, Mindgate Solutions Private Limited, Montran Corp., PayPal Holdings, Inc., TCS, Temenos AG, Visa Inc., Volante Technologies Inc., Sila, Rapyd, ACI Worldwide, Inc., Cognizant, FIS Inc., Financial Software & Systems Pvt. Ltd., Finastra, Fiserv, Inc., Mastercard, Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 32.2%, over the forecast period of 2022–2030
Driver:
The increased adoption of Real-Time Payments in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Real-Time Payments also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Real-Time Payments in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 168.97 Billion |
| CAGR (2022-2030) | 32.2% |
| By Component | Solution, Services |
| By Deployment Mode | On-premises, Cloud |
| By Enterprise Size | Large Enterprises, Small and Medium-sized Enterprises |
| By Industry Vertical | Retail & E-commerce, BFSI, IT & Telecom, Travel & Tourism, Government |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Microsoft Corporation, Mindgate Solutions Private Limited, Montran Corp., PayPal Holdings, Inc., TCS, Temenos AG, Visa Inc., Volante Technologies Inc., Sila, Rapyd, ACI Worldwide, Inc., Cognizant, FIS Inc., Financial Software & Systems Pvt. Ltd., Finastra, Fiserv, Inc., Mastercard, Inc |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Real-Time Payments market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Microsoft Corporation, Mindgate Solutions Private Limited, Montran Corp., PayPal Holdings, Inc., TCS, Temenos AG, Visa Inc., Volante Technologies Inc., Sila, Rapyd, ACI Worldwide, Inc., Cognizant, FIS Inc., Financial Software & Systems Pvt. Ltd., Finastra, Fiserv, Inc., Mastercard, Inc
Market Segment Analysis:
By Component
- Solutions
- Payment Gateway
- Payment Processing
- Security & Fraud Management
- Advisory Services
- Integration & Implementation Services
- Managed Services
- Services
By Deployment
- Cloud
- On-premise
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End-use Industry
- Retail & E-commerce
- BFSI
- IT & Telecom
- Travel & Tourism
- Government
- Healthcare
- Energy & Utilities
- Others
Payment Type
- P2B
- B2B
- P2P
- Others
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Real-Time Payments industries in the region.
Key Real-Time Payments Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Real-Time Payments Market segments.
– Largest Market Share Held by Industry to Industry for Real-Time Payments
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Real-Time Payments Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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