Digital Transaction Market to Rise at Tremendous CAGR through 2023, Forecasts MRFR in Its In-Demand Study Available at MarketPublishers.com30 Nov 2017 • by Natalie Aster
LONDON – In the wake of continued technological progress, organisations are increasingly adopting automation processes in order to increase operation efficiency and frequency. Authentication, E-signature, workflow automation, document archival are only some of the prominent solutions in the digital transaction management.
The number of transactions performed by consumers via various digital tools like mobile banking, net banking, digital wallets, amidst others, is gaining momentum at a robust pace, thus, opening lucrative growth opportunities for the providers of digital transaction services. Expanding penetration of digital transactions globally encourages providers to introduce new innovative and secure platforms for different monetary transactions to their customers.
The worldwide digital transaction market is poised to see tremendous growth at a 25.73% CAGR between 2017 and 2023 to cross the USD 5.55 billion mark in value terms. The market is poised to see positive growth across all the regions. Globally, this market is spurred by ongoing technological advancements, rising number of application areas and continued developments in the network architecture.
Amid all regions, North America grabs the biggest chunk of the overall digital transaction market. The second and the third positions are held by Europe and APAC, respectively.
In-demand research study “Global Digital Transaction Market Analysis & Forecast 2017 To 2023” prepared by Market Research Future (MRFR) offers deep insights into the digital transaction market landscape, explores the market performance across different geographies and gives an in-depth segmental analysis. Besides, this study includes relevant information on the market size, value, shares and growth rates; delves into the competitive environment and offers strategic profiling of the top players active in the marketplace. Moreover, the report limelights the regulative framework, describes the market dynamics and discusses the key factors influencing the market growth. In addition, an overview of the emerging challenges and opportunities along with forecasts up to 2023 are at hand in this publication.
Many other research reports by this publisher are available in the MRFR online catalogue.