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Spurred by Digitization Real-Time Payment Industry is to Gain Higher Valuation Ahead<br>Real-Time Payment Industry Can Surpass Existing Growth Rate in Coming Years<br>
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IndustryInsight The real-time payment Industryis gaining maximum prominence in the present time with the penetration of digitalization across the world. At present, the global real-time payment method can reach a valuation of USD 23.57 billion, by attaining a CAGR of 29.7% during the forecast period 2018–2023, reveals IndustryResearch Future in its detailed study. Request Free Sample @ https://www.marketresearchfuture.com/sample_request/7060 IndustryDrivers & Trends Digitization has played a leading role in the adoption of real-time and online payment systems by companies as it has become a part of routine work as it makes online transactions convenient. Due to this, the popularity of real-time and online payment system has been increased with time, which has contributed to its Industrygrowth. In case of point, one of the leading companies namely ACI Worldwide, back in 2018 partnered with SPAN Enterprises to improve online payments and upgrade the user experience of customer in various industries. Also, in June 2018, PayPal acquired Simility to magnify its fraud prevention and risk management portfolio. At the same time, the increased popularity for online shopping among individuals has fastened the rising need for secure, fast and improved payment solutions for smooth flow of transactions. At present, the promoting cashless transactions for payments of smaller denomination has risen the need for quick and improved payment platforms, which are relatively secure. These are some of the foremost drivers fueling the growth of real-time payment. On the other hand, the surged usage of card payments by individuals across the world for transactions has also contributed to increasing the Industryshare that would assist the Industryin spurring during the assessment period. On the flip side, the factor of security concerns regarding online payments is continuously refraining the real-time payment market. Key Players The prominent players in the Real-Time Payment Industry are listed as Wirecard AG (Germany), Fidelity National Information Servcs Inc (US), Worldline SA (France), Paypal Holdings Inc (US), ACI Worldwide Inc (US), Mastercard Inc (US), Temenos AG (Switzerland), Fiserv Inc (US), Visa Inc Class A (US), and Apple Inc (US). These players are continuously contributing to the foremost proportion of Industrygrowth during the assessment period. IndustrySegmentation Page | 2 Copyright © 2017 Market Research Future.
The segmental analysis of the global real-time payment Industryhas been conducted based on elements such as solution, service, deployment, and verticals. In terms of solution, the Industryis segmented into the payment gateway, payment processing, payment security, fraud management, and others. Among the services: Professional services and managed services are the segments. Among the deployment type: On-premise and cloud are the segments. Among the verticals: BFSI, IT & telecommunication, retail, government, energy & utilities, and others are the segments. Industry News: October 2019: The Board of Investment of Sri Lanka took a significant step forward for customers, where they have the expediency of making payments online directly to BOI. The initiative is facilitated via LankaPay Online Payment Platform, a real-time and online payment platform of LankaClear. Mastercard takes few more beneficial steps toward real-time bill pay. Check Discount @ https://www.marketresearchfuture.com/check-discount/7060 Regional Outlook Regionally, the global real-time payment Industryhas been studied under the regions of North America, Asia-Pacific, Europe, and the Rest of the World. Among these, North America is the prominent Industryfor real-time payment as it generated the highest revenue in 2017. Now it is estimated to be the highest Industryvalue creator during the forecast period. The growth of the North American region is ascribed to the surged adoption of digital payments by customers, mainly in countries such as the US and Canada. The US generated highest revenue in 2017 and is now projected to expand with fastest CAGR during forecast period 2018–2023. Europe is the second-largest Industryfor real-time payment observed in the study. It is mainly an advanced region and has established a robust infrastructure. The UK also generated highest revenue in 2017 and is now projected to expand with the highest CAGR during forecast period 2018–2023. It is the technical advancements in the provision of secure payment that has fueled the growth of real-time payment Industryin these countries. LIST OF TABLES Table 1 Global Real Time Payment Industry, By Service, 2019–2023 Table 2 Global Real Time Payment Industry, By Solution, 2019–2023 Table 3 Global Real Time Payment Industry, By Deployment, 2019–2023 Table 4 Global Real Time Payment Industry, By Vertical, 2019–2023 Table 5 Global Real Time Payment Industry, By Region, 2019–2023 Continued…… Page | 3 Copyright © 2017 Market Research Future.
Get More Information @ https://www.marketresearchfuture.com/press-release/real-time-payment-market LIST OF FIGURES FIGURE 1 Global Real Time Payment Industry Segmentation FIGURE 2 Forecast Methodology FIGURE 3 Porter’s Five Forces Analysis Of Global Real Time Payment Industry FIGURE 4 Value Chain Of Global Real Time Payment Industry FIGURE 5 Share Of Global Real Time Payment Industry In 2019, By Country (In %) Continued……. About IndustryResearch Future: At IndustryResearch Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and IndustryResearch & Consulting Services. MRFR team have supreme objective to provide the optimum quality Industryresearch and intelligence services to our clients. Our Industryresearch studies by Components, Application, Logistics and Industryplayers for global, regional, and country level Industrysegments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members Contact: IndustryResearch Future +1 646 845 9312 Email: sales@marketresearchfuture.com Page | 4 Copyright © 2017 Market Research Future.
