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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Agilysys Inc., Aurus Inc., First American Payment Systems L.P., Fidelity National Information Services Inc., Fiserv Inc., Helcim Inc., Ingenico Group SA, Paysafe Ltd., Total System Services LLC, and VeriFone Inc. are some of the major market participants.
Although the high adoption of contactless payment solutions, the high explosion of smartphones, and the high explosion of smartphones will offer immense growth opportunities, to leverage the current opportunities, however the lack of awareness for online payment in developing economies will be a major challenge for the payment as a service market during the forecast period. Market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.
Payment as a Service Market 2022-2026: Segmentation
- Application
- Retail
- Healthcare
- Hospitality
- Others
- Geography
- APAC
- Europe
- North America
- South America
- MEA
Learn more about the factors assisting the growth of the market, Speak to our Analyst Now.
Payment as a Service Market 2022-2026: Vendor Analysis and Scope
Some of the major vendors of the payment as a service market in the Internet Services & Infrastructure industry includes:
- Agilysys Inc.
- Aurus Inc.
- First American Payment Systems L.P.
- Fidelity National Information Services Inc.
- Fiserv Inc.
- Helcim Inc.
- Ingenico Group SA
- Paysafe Ltd.
- Total System Services LLC
- VeriFone Inc
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market.
The report also covers the following areas:
Market trends such as the high adoption of contactless payment solutions are likely to emerge as one of the primary drivers of the market. However, factors such as the lack of awareness for online payment in developing economies may threaten the growth of the market.
Payment as a Service Market 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist payment as a service market growth during the next five years
- Estimation of the payment as a service market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the payment as a service market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of payment as a service market vendor.
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Payment As a Service Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 15.19% |
Market growth 2022-2026 |
$ 9.09 million |
Market structure |
Fragmented |
YoY growth (%) |
20.70 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 43% |
Key consumer countries |
India, China, US, UK, and South Korea (Republic of Korea) |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Agilysys Inc., Aurus Inc., First American Payment Systems L.P., Fidelity National Information Services Inc., Fiserv Inc., Helcim Inc., Ingenico Group SA, Paysafe Ltd., Total System Services LLC, and VeriFone Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Download now to uncover successful business strategies deployed by Companies of payment as a service market - Download Latest Free Sample Report in Minutes
Table of Contents
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market Characteristics
2.2 Value Chain Analysis
- Research and development
- Developers or manufacturers
- Sales and distribution
- End-users
3. Market Sizing
3.1 Market definition
Exhibit 03: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 04: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
3.4.1Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 05: Global - Market size and forecast 2020 - 2025 (million $)
Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 07: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 08: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 09: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 10: Threat of new entrants
4.5 Threat of substitutes
Exhibit 11: Threat of substitutes
4.6 Threat of rivalry
Exhibit 12: Threat of rivalry
4.7 Market condition
Exhibit 13: Market condition - Five forces 2020
5. Market Segmentation by Application
5.1 Market segments
Exhibit 14 :Application- Market share 2020-2025 (%)
5.2 Comparison by Application
Exhibit 15: Comparison by Application
5.3 Retail - Market size and forecast 2021-2026
Exhibit 16: Retail - Market size and forecast 2020-2025 ($ million)
Exhibit 17: Retail - Year-over-year growth 2020-2025 (%)
5.4 Healthcare - Market size and forecast 2021-2026
Exhibit 18: Healthcare- Market size and forecast 2020-2025 ($ million)
Exhibit 19: Healthcare - Year-over-year growth 2020-2025 (%)
5.5 Hospitality - Market size and forecast 2021-2026
Exhibit 20: Hospitality - Market size and forecast 2020-2025 ($ million)
Exhibit 21: Hospitality - Year-over-year growth 2020-2025 (%)
5.6 Other sports - Market size and forecast 2020-2025
Exhibit 22: Other sports - Market size and forecast 2020-2025 ($ million)
Exhibit 23: Other sports - Year-over-year growth 2020-2025 (%)
5.7 Market opportunity by Application
Exhibit 24: Market opportunity by Application
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 25: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 26: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 27: Geographic comparison
7.3 APAC - Market size and forecast 2020-2025
Exhibit 28: APAC - Market size and forecast 2020-2025 ($ million)
Exhibit 29: APAC - Year-over-year growth 2020-2025 (%)
7.4 Europe - Market size and forecast 2020-2025
Exhibit 30: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 31: Europe - Year-over-year growth 2020-2025 (%)
7.5 North America - Market size and forecast 2020-2025
Exhibit 32: North America - Market size and forecast 2020-2025 ($ million)
Exhibit 33: North America - Year-over-year growth 2020-2025 (%)
7.6 South America - Market size and forecast 2020-2025
Exhibit 34: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 35: South America - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-2025
Exhibit 36: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 37: MEA - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 38: Key leading countries
7.9 Market opportunity by geography
Exhibit 39: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 High adoption of contactless payment solutions
8.1.2 High explosion of smartphones
8.1.3 Worldwide initiatives for the promotion of payments services
8.2 Market challenges
8.2.1 Lack of awareness for online payment in developing economies
8.2.2 Absence of global standards for cross-border payments
8.2.3 Lack of digital literacy in emerging economies and concerns regarding cyber attacks
Exhibit 40: Impact of drivers and challenges
8.3 Market trends
8.3.1 Rise in mobile biometrics for payment
8.3.2 Rising need to provide better customer experience
8.3.3 Adoption of multi-factor authentication
9. Vendor Landscape
Exhibit 41: Vendor landscape
9.1 Landscape disruption
Exhibit 42: Landscape disruption
Exhibit 43: Industry Risk
10. Vendor Analysis
10.1 Vendors Covered
Exhibit 44: Vendor Landscape
10.2 Market positioning of vendors
Exhibit 45: Market positioning of vendors
10.3 Agilysys Inc.
Exhibit 46: Agilysys Inc. - Overview
Exhibit 47: Agilysys Inc. - Product and service
Exhibit 48: Agilysys Inc. - Key offerings
10.4 Aurus Inc.
Exhibit 49: Aurus Inc. - Overview
Exhibit 50: Aurus Inc. - Product and service
Exhibit 51: Aurus Inc. - Key offerings
10.5 First American Payment Systems L.P.
Exhibit 52: First American Payment Systems L.P. - Overview
Exhibit 53: First American Payment Systems L.P. - Product and service
Exhibit 54: First American Payment Systems L.P. - Key offerings
10.6 Fidelity National Information Services Inc.
Exhibit 55: Fidelity National Information Services Inc. - Overview
Exhibit 56: Fidelity National Information Services Inc. - Business segments
Exhibit 57: Fidelity National Information Services Inc. - Key offerings
Exhibit 58: Fidelity National Information Services Inc. - Segment focus
10.7 Fiserv Inc.
Exhibit 59: Fiserv Inc. - Overview
Exhibit 60: Fiserv Inc. - Business segments
Exhibit 61: Fiserv Inc. - Key offerings
Exhibit 62: Fiserv Inc. - Segment focus
10.8 Helcim Inc.
Exhibit 63: Helcim Inc. - Overview
Exhibit 64: Helcim Inc. - Product and service
Exhibit 65: Helcim Inc. - Key offerings
10.9 Ingenico Group SA
Exhibit 66: Ingenico Group SA - Overview
Exhibit 67: Ingenico Group SA - Business segments
Exhibit 68: Ingenico Group SA - Key offerings
Exhibit 69: Ingenico Group SA - Segment focus
10.10 Paysafe Ltd.
Exhibit 70: Paysafe Ltd. - Overview
Exhibit 71: Paysafe Ltd. - Business segments
Exhibit 72: Paysafe Ltd. - Key offerings
Exhibit 73: Paysafe Ltd. - Segment focus
10.11 Total System Services LLC
Exhibit 74: Total System Services LLC - Overview
Exhibit 75: Total System Services LLC - Product and service
Exhibit 76: Total System Services LLC - Key offerings
10.12 VeriFone Inc.
Exhibit 77: VeriFone Inc. - Overview
Exhibit 78: VeriFone Inc. - Product and service
Exhibit 79: VeriFone Inc. - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 80: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 81: Research Methodology
Exhibit 82: Validation techniques employed for market sizing
Exhibit 83: Information sources
11.4 List of abbreviations
Exhibit 84: List of abbreviations
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