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Payment As A Service Market Size, Share & Trends Analysis Report By Component (Platform, Services), By Services, By Industry Vertical (Retail & Ecommerce, Travel & Hospitality, Healthcare, BFSI), By Region, And Segment Forecasts, 2020 - 2027

June 2020 | 120 pages | ID: P709DE209487EN
Grand View Research, Inc.

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Payment As A Service Market Growth & Trends

The global payment as a service market size is expected to reach USD 25.7 billion by 2027, expanding at a CAGR of 16.9%, according to a new report by Grand View Research, Inc. Digital disruption in the money transfer ecosystem, combined with the rise in need for quick money transfer methods, has transformed the payment gateway model. As a result of digital money transfer methods, consumers now demand secure digital transaction processing systems to transfer money to their merchants and individuals. With the rising digital financial transactions, a need for secure cloud-based architecture has increased among platform providers. The cloud-based money transfer platforms allow industry participants to manage higher volumes of transactions at high speed and low cost.

The retail and ecommerce segment held the largest market share in 2019. The growth of the segment is attributed to growing trend of online shopping among consumers across the globe. While doing online shopping, consumers always prefer safe and secure platform to pay for their purchases, thereby driving segment growth. In addition, retailers are also adopting advanced technologies including Artificial Intelligence (AI) and digital retail stores to improve their presence in the market. Increasing use of credit cards, e-wallets, debit cards, and online banking by consumers to do shopping has reduced operating cost, thereby driving segment growth.

The market is poised to grow with the change in regulatory initiatives. The changing regulatory frameworks and policies have encouraged alternative money transfer platform providers, fintech providers, and Managed Service Providers (MSPs) to enter the market. For instance, the implementation of the Payment Services Directive 2 (PSD2) standard by the European Commission in 2018 promoted new players in market to provide integrated money transfer platform while making transactions secure and faster. Further, stringency in regulations to provide 24*7 real-time customer support and Account Clearing House (ACH) money transfer environment is influencing the platform providers to outsource their activities to MSPs. These MSPs handle customer queries, provide support 24*7, and ensure platform providers to remain compliant with the regulatory environments.

Payment As A Service Market Report Highlights
  • Increasing demand for contactless transaction is the major driving factor of the market
  • The platform segment held the largest share of the market in 2019 owing to growing adoption of online shopping
  • Travel and hospitality sector is expected to witness the highest CAGR of 20.5% over the forecast period owing to the increasing online travel bookings by the consumers
  • North American held the largest share of the market in 2019. U.S. and Canada are the most prominent countries adopting the new technology platform for money transfer practices
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Market Segmentation and Scope
1.2 Market Definition
1.3 Methodology
  1.3.1. Information Procurement
  1.3.2. Purchased Database
  1.3.3. GVR’s internal database
  1.3.4. Secondary sources & third-party perspectives
  1.3.5. Primary Research
1.4. Information Analysis
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
1.7. List of Abbreviations

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Outlook
2.2 Segment Outlook

CHAPTER 3 PAYMENT AS A SERVICE MARKET VARIABLES, TRENDS, & SCOPE

3.1 Market Lineage Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.4. Market Dynamics
  3.4.1 Market Driver Analysis
    3.4.1.1 Initiatives to promote payment Platform flourishing on real time transactions
    3.4.1.2 Quick and secure payment experience to the customers
  3.4.2 Industry Challenges
    3.4.2.1 Lack of standardization in cross border payments
3.5 Market Analysis Tools
  3.5.1 Industry Analysis-PORTERs
  3.5.2 PEST Analysis
3.6 Payment as a Service Competitive Insights
  3.6.1 Key Company Analysis, 2019

CHAPTER 4 PAYMENT AS A SERVICE MARKET: COMPONENT SEGMENT ANALYSIS

4.1 Platform
  4.1.1 Platform payment as a service market, 2016 - 2027 (USD Million)
4.2 Service
  4.2.1 Services payment as a service market, 2016 - 2027 (USD Million)

CHAPTER 5 PAYMENT AS A SERVICE MARKET: SERVICES SEGMENT ANALYSIS

5.1 Managed Services
  5.1.1 Managed services payment as a service market, 2016 - 2027 (USD Million)
5.2 Professional Services
  5.2.1 Professional services payment as a service market, 2016 - 2027 (USD Million)

CHAPTER 6 PAYMENT AS A SERVICE MARKET: INDUSTRY VERTICAL SEGMENT ANALYSIS

6.1 Retail & ecommerce
  6.1.1 Retail & ecommerce payment as a service market, 2016 - 2027 (USD Million)
6.2 Travel & Hospitality
  6.2.1 Travel & hospitality payment as a service market, 2016 - 2027 (USD Million)
6.3 Healthcare
  6.3.1 Healthcare payment as a service market, 2016 - 2027 (USD Million)
6.4 BFSI
  6.4.1 BFSI payment as a service market, 2016 - 2027 (USD Million)
6.5 Others
  6.5.1 Others payment as a service market, 2016 - 2027 (USD Million)

CHAPTER 7 PAYMENT AS A SERVICE MARKET: REGION SEGMENT ANALYSIS

7.1 North America
  7.1.1 North America payment as a service market, by country, 2016 - 2027 (USD Million)
  7.1.2 North America payment as a service market, by component, 2016 - 2027 (USD Million)
  7.1.3 North America payment as a service market, by services, 2016 - 2027 (USD Million)
  7.1.4 North America payment as a service market, by industry vertical, 2016 - 2027 (USD Million)
  7.1.5 U.S.
    7.1.5.1 U.S. payment as a service market, by component, 2016 - 2027 (USD Million)
    7.1.5.2 U.S. payment as a service market, by services, 2016 - 2027 (USD Million)
    7.1.5.3 U.S. payment as a service market, by industry vertical, 2016 - 2027 (USD Million)
  7.1.6 Canada
    7.1.6.1 Canada payment as a service market, by component, 2016 - 2027 (USD Million)
    7.1.6.2 Canada payment as a service market, by services, 2016 - 2027 (USD Million)
    7.1.6.3 Canada payment as a service market, by industry vertical, 2016 - 2027 (USD Million)
7.2 Europe
  7.2.1 Europe payment as a service market, by country, 2016 - 2027
  7.2.2 Europe payment as a service market, by component, 2016 - 2027 (USD Million)
  7.2.3 Europe payment as a service market, by services, 2016 - 2027 (USD Million)
  7.2.4 Europe payment as a service market, by industry vertical, 2016 - 2027 (USD Million)
  7.2.5 U.K.
    7.2.5.1 U.K. payment as a service market, by component, 2016 - 2027 (USD Million)
    7.2.5.2 U.K. payment as a service market, by services, 2016 - 2027 (USD Million)
    7.2.5.3 U.K. payment as a service market, by industry vertical, 2016 - 2027 (USD Million)
  7.2.6 Germany
    7.2.6.1 Germany payment as a service market, by component, 2016 - 2027 (USD Million)
    7.2.6.2 Germany payment as a service market, by services 2016 - 2027 (USD Million)
    7.2.6.3 Germany payment as a service market, by industry vertical, 2016 - 2027 (USD Million)
7.3 Asia Pacific
  7.3.1 Asia Pacific payment as a service market, by country, 2016 - 2027 (USD Million)
  7.3.2 Asia Pacific payment as a service market, by component, 2016 - 2027 (USD Million)
  7.3.3 Asia Pacific payment as a service market, by services, 2016 - 2027 (USD Million)
  7.3.4 Asia Pacific payment as a service market, by industry vertical, 2016 - 2027 (USD Million)
  7.3.5 China
    7.3.5.1 China payment as a service market, by component, 2016 - 2027 (USD Million)
    7.3.5.2 China payment as a service market, by services, 2016 - 2027 (USD Million)
    7.3.5.3 China payment as a service market, by industry vertical, 2016 - 2027 (USD Million)
  7.3.6 India
    7.3.6.1 India payment as a service market, by component, 2016 - 2027 (USD Million)
    7.3.6.2 India payment as a service market, by services, 2016 - 2027 (USD Million)
    7.3.6.3 India payment as a service market, by industry vertical, 2016 - 2027 (USD Million)
7.4 Rest of the World (RoW)
  7.4.1 RoW payment as a service market, by component, 2016 - 2027 (USD Million)
  7.4.2 RoW payment as a service market, by services, 2016 - 2027 (USD Million)
  7.4.3 RoW payment as a service market, by industry vertical, 2016 - 2027 (USD Million)

CHAPTER 8 COMPANY PROFILES

8.1 Agilysys Inc.
  8.1.1 Company overview
  8.1.2 Financial performance
  8.1.3 Product benchmarking
  8.1.4 Strategic initiatives
8.2 Alpha Fintech
  8.2.1 Company overview
  8.2.2 Financial performance
  8.2.3 Product benchmarking
  8.2.4 Strategic initiatives
8.3 Aurus
  8.3.1 Company overview
  8.3.2 Financial performance
  8.3.3 Product benchmarking
  8.3.4 Strategic initiatives
8.4 First American Payment Systems
  8.4.1 Company overview
  8.4.2 Financial performance
  8.4.3 Product benchmarking
  8.4.4 Strategic initiatives
8.5 First Data (Fiserv Inc.)
  8.5.1 Company overview
  8.5.2 Financial performance
  8.5.3 Product benchmarking
  8.5.4 Strategic initiatives
8.6 Ingenico
  8.6.1 Company overview
  8.6.2 Financial performance
  8.6.3 Product benchmarking
  8.6.4 Strategic initiatives
8.7 Paysafe
  8.7.1 Company overview
  8.7.2 Financial performance
  8.7.3 Product benchmarking
  8.7.4 Strategic initiatives
8.8 Pineapple Payments
  8.8.1 Company overview
  8.8.2 Financial performance
  8.8.3 Product benchmarking
  8.8.4 Strategic initiatives
8.9 TSYS (Global Payments Inc.)
  8.9.1 Company overview
  8.9.2 Financial performance
  8.9.3 Product benchmarking
  8.9.4 Strategic initiatives
8.10 Verifone
  8.10.1 Company overview
  8.10.2 Financial performance
  8.10.3 Product benchmarking
  8.10.4 Strategic initiatives
LIST OF TABLES

Table 1 List of Abbreviations
Table 2 Payment as a Service market, 2016 - 2027 (USD Million)
Table 3 Component market, 2016 - 2027 (USD Million)
Table 4 Industry vertical market, 2016 - 2027 (USD Million)
Table 5 Services market, 2016 - 2027 (USD Million)
Table 6 Regional market, 2016 - 2027 (USD Million)
Table 7 Platform market, 2016 - 2027 (USD Million)
Table 8 Services market, 2016 - 2027 (USD Million)
Table 9 Managed services market, 2016 - 2027 (USD Million)
Table 10 Professional services market, 2016 - 2027 (USD Million)
Table 11 Retail & ecommerce market, 2016 - 2027 (USD Million)
Table 12 Travel & hospitality market, 2016 - 2027 (USD Million)
Table 13 Healthcare market, 2016 - 2027 (USD Million)
Table 14 BFSI market, 2016 - 2027 (USD Million)
Table 15 Others market, 2016 - 2027 (USD Million)
Table 16 North America Payment as a Service market, by country, 2016 - 2027 (USD Million)
Table 17 North America Payment as a Service market, by component, 2016 - 2027 (USD Million)
Table 18 North America Payment as a Service market, by services, 2016 - 2027 (USD Million)
Table 19 North America Payment as a Service market, by industry vertical, 2016 - 2027 (USD Million)
Table 20 U.S. Payment as a Service market, by component, 2016 - 2027 (USD Million)
Table 21 U.S. Payment as a Service market, by services, 2016 - 2027 (USD Million)
Table 22 U.S. Payment as a Service market, by industry vertical, 2016 - 2027 (USD Million)
Table 23 Canada Payment as a Service market, by component, 2016 - 2027 (USD Million)
Table 24 Canada Payment as a Service market, by services, 2016 - 2027 (USD Million)
Table 25 Canada Payment as a Service market, by industry vertical, 2016 - 2027 (USD Million)
Table 26 Europe Payment as a Service market, by country, 2016 - 2027 (USD Million)
Table 27 Europe Payment as a Service market, by component, 2016 - 2027 (USD Million)
Table 28 Europe Payment as a Service market, by services, 2016 - 2027 (USD Million)
Table 29 Europe Payment as a Service market, by industry vertical, 2016 - 2027 (USD Million)
Table 30 Germany Payment as a Service market, by component, 2016 - 2027 (USD Million)
Table 31 Germany Payment as a Service market, by services, 2016 - 2027 (USD Million)
Table 32 Germany Payment as a Service market, by industry vertical, 2016 - 2027 (USD Million)
Table 33 U.K. Payment as a Service market, by component, 2016 - 2027 (USD Million)
Table 34 U.K. Payment as a Service market, by services, 2016 - 2027 (USD Million)
Table 35 U.K. Payment as a Service market, by industry vertical, 2016 - 2027 (USD Million)
Table 36 Asia Pacific Payment as a Service market, by country, 2016 - 2027 (USD Million)
Table 37 Asia Pacific Payment as a Service market, by component, 2016 - 2027 (USD Million)
Table 38 Asia Pacific Payment as a Service market, by services, 2016 - 2027 (USD Million)
Table 39 Asia Pacific Payment as a Service market, by industry vertical, 2016 - 2027 (USD Million)
Table 40 China Payment as a Service market, by component, 2016 - 2027 (USD Million)
Table 41 China Payment as a Service market, by services, 2016 - 2027 (USD Million)
Table 42 China Payment as a Service market, by industry vertical, 2016 - 2027 (USD Million)
Table 43 India Payment as a Service market, by component, 2016 - 2027 (USD Million)
Table 44 India Payment as a Service market, by services, 2016 - 2027 (USD Million)
Table 45 India Payment as a Service market, by industry vertical, 2016 - 2027 (USD Million)
Table 46 RoW Payment as a Service market, by component, 2016 - 2027 (USD Million)
Table 47 RoW Payment as a Service market, by services, 2016 - 2027 (USD Million)
Table 48 RoW Payment as a Service market, by industry vertical, 2016 - 2027 (USD Million)

LIST OF FIGURES

Fig. 1 Payment as a service market segment scope
Fig. 2 Payment as a service market regional scope
Fig. 3 Payment as a Service market research methodology
Fig. 4 Payment as a Service market data triangulation technique
Fig. 5 Payment as a Service market primary research scope
Fig. 6 Payment as a Service market: Market snapshot, 2019 (USD Million)
Fig. 7 Payment as a Service market: Penetration and Growth Prospect Mapping
Fig. 8 Payment as a Service market: Value chain analysis
Fig. 9 Payment as a Service market: Porters analysis
Fig. 10 Payment as a Service market: PESTEL analysis
Fig. 11 Payment as a Service market: Component segment analysis, 2016 - 2027 (USD Million)
Fig. 12 Payment as a Service market: Services segment analysis, 2016 - 2027 (USD Million)
Fig. 13 Payment as a Service market: Industry vertical segment analysis, 2016 - 2027 (USD Million)
Fig. 14 Payment as a Service market: Regional analysis, 2016 - 2027 (USD Million)
Fig. 15 Payment as a Service market: North America analysis, 2016 - 2027 (USD Million)
Fig. 16 Payment as a Service market: Europe analysis, 2016 - 2027 (USD Million)
Fig. 17 Payment as a Service market: Asia Pacific analysis, 2016 - 2027 (USD Million)
Fig. 18 Payment as a Service market: RoW analysis, 2016 - 2027 (USD Million)


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