The payment as a service market is expected to be around US$ 29 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 23.7% during the forecast period.
Payments as a service is the equivalent as software as a service. It is just a marketing appearance used to describe software as a service. It is intended to permit vendors and other market contributors to operate these payment options through a single interface locally, regionally and internationally. Payments as a service is a service provided by a company that suggestions shops online services for compliant electronic payments by different payments way which contain bank-based payments such as direct debit, credit card, real-time bank transfer and bank transfer based on online banking. It is the third party that permits the merchant to receive a wide variation of payments finished a single channel, and this factor drives the development for payments as a service market. The payments as a service market will observer an important development in the predictable period. The growth of the market is exposed to increasing regulatory initiatives in order to promote payment solutions and also to improve secure transactions in real-time. Furthermore, optimizing merchant experience with secure and quick payment methods is one of the main factors projected to propel market growth in the estimate period. Furthermore, due to the emerging customer-centric model, retailers are now concentrating on modernizing their physical store to provide improved services to their customers and are also setting up online stores to escalate revenue.
The global Payment as a Service market is segregated on the basis of Service as Managed Services, Support and Maintenance, and Professional Services. Based on Vertical the global Payment as a Service market is segmented in Banking, Financial Services, and Insurance, Healthcare, Hospitality, Retail, Media and Entertainment, and Others. Based on Component the global Payment as a Service market is segmented in Services and Platform.
The global Payment as a Service market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Payment as a Service market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Helcim, Valitor, Intelligent Payments, PPRO, PayStand, First Data, TSYS, Paysafe, Verifone, Ingenico, and others are among the major players in the global Payment as a Service market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Payment as a Service Market has been segmented as below:
Payment as a Service Market, By Service
Payment as a Service Market, By Vertical
Payment as a Service Market, By Component
Payment as a Service Market, By Region
Payment as a Service Market, By Company
The report covers:
Report Scope:
The global Payment as a Service market report scope includes detailed study covering underlying factors influencing the industry trends.
The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.
The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Payment as a Service market share. Major industry players with significant revenue share include Helcim, Valitor, Intelligent Payments, PPRO, PayStand, First Data, TSYS, Paysafe, Verifone, Ingenico, and others.
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1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach – Segmental Market Analysis
2.5.2 Top-Down Approach – Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter’s Five Force Analysis
5. Payment as a Service Market, By Service
5.1 Introduction
5.2 Managed Services
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Support and Maintenance
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Professional Services
5.4.1 Market Overview
5.4.2 Market Size and Forecast
6. Payment as a Service Market, By Vertical
6.1 Introduction
6.2 Banking, Financial Services, and Insurance
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Healthcare
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Hospitality
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 Retail
6.5.1 Market Overview
6.5.2 Market Size and Forecast
6.6 Media and Entertainment
6.6.1 Market Overview
6.6.2 Market Size and Forecast
6.7 Others
6.7.1 Market Overview
6.7.2 Market Size and Forecast
7. Pentaym as a Service Market, By Component
7.1 Introduction
7.2 Services
7.2.1 Market Overview
7.2.2 Market Size and Forecast
7.3 Platform
7.3.1 Market Overview
7.3.2 Market Size and Forecast
8. Payment as a Service Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 North America Payment as a Service, By Service
8.2.2 North America Payment as a Service, By Vertical
8.2.3 North America Payment as a Service, By Component
8.3 Europe
8.3.1 Europe Payment as a Service, By Service
8.3.2 Europe Payment as a Service, By Vertical
8.3.3 Europe Payment as a Service, By Component
8.4 Asia-Pacific
8.4.1 Asia-Pacific Payment as a Service, By Service
8.4.2 Asia-Pacific Payment as a Service, By Vertical
8.4.3 Asia-Pacific Payment as a Service, By Component
8.5 Rest of the World
8.5.1 Rest of the World Payment as a Service, By Service
8.5.2 Rest of the World Payment as a Service, By Vertical
8.5.3 Rest of the World Payment as a Service, By Component
9. Competitive Insights
9.1 Key Insights
9.2 Company Market Share Analysis
9.3 Strategic Outlook
9.3.1 Mergers & Acquisitions
9.3.2 New Product Development
9.3.3 Portfolio/Production Capacity Expansions
9.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5 Others
10. Company Profiles
10.1 Helcim
10.1.1 Company Overview
10.1.2 Product/Service Landscape
10.1.3 Financial Overview
10.1.4 Recent Developments
10.2 Valitor
10.2.1 Company Overview
10.2.2 Product/Service Landscape
10.2.3 Financial Overview
10.2.4 Recent Developments
10.3 Intelligent Payments
10.3.1 Company Overview
10.3.2 Product/Service Landscape
10.3.3 Financial Overview
10.3.4 Recent Developments
10.4 PPRO
10.4.1 Company Overview
10.4.2 Product/Service Landscape
10.4.3 Financial Overview
10.4.4 Recent Developments
10.5 PayStand
10.5.1 Company Overview
10.5.2 Product/Service Landscape
10.5.3 Financial Overview
10.5.4 Recent Developments
10.6 First Data
10.6.1 Company Overview
10.6.2 Product/Service Landscape
10.6.3 Financial Overview
10.6.4 Recent Developments
10.7 TSYS
10.7.1 Company Overview
10.7.2 Product/Service Landscape
10.7.3 Financial Overview
10.7.4 Recent Developments
10.8 Paysafe
10.8.1 Company Overview
10.8.2 Product/Service Landscape
10.8.3 Financial Overview
10.8.4 Recent Developments
10.9 Verifone
10.9.1 Company Overview
10.9.2 Product/Service Landscape
10.9.3 Financial Overview
10.9.4 Recent Developments
10.10 Ingenico
10.10.1 Company Overview
10.10.2 Product/Service Landscape
10.10.3 Financial Overview
10.10.4 Recent Developments
10.11 Aurus
10.11.1 Company Overview
10.11.2 Product/Service Landscape
10.11.3 Financial Overview
10.11.4 Recent Developments
10.12 Agilysys
10.12.1 Company Overview
10.12.2 Product/Service Landscape
10.12.3 Financial Overview
10.12.4 Recent Developments
10.13 Pineapple Payments
10.13.1 Company Overview
10.13.2 Product/Service Landscape
10.13.3 Financial Overview
10.13.4 Recent Developments
10.14 Alpha Fintech
10.14.1 Company Overview
10.14.2 Product/Service Landscape
10.14.3 Financial Overview
10.14.4 Recent Developments
10.15 First American Payment Systems
10.15.1 Company Overview
10.15.2 Product/Service Landscape
10.15.3 Financial Overview
10.15.4 Recent Developments
10.16 FIS
10.16.1 Company Overview
10.16.2 Product/Service Landscape
10.16.3 Financial Overview
10.16.4 Recent Developments
10.17 Allpago
10.17.1 Company Overview
10.17.2 Product/Service Landscape
10.17.3 Financial Overview
10.17.4 Recent Developments
The Payment as a Service Market has been segmented as below:
Payment as a Service Market, By Service
Payment as a Service Market, By Vertical
Payment as a Service Market, By Component
Payment as a Service Market, By Region
Payment as a Service Market, By Company
