Europe Digital Payment Market is forecast to grow with factor such as increasing penetration of internet services. The growth of digitalization is revolutionizing the interaction between customer and business and building a new platform for interaction of ideas and also increases in smartphones for transaction purposes.
Digital payment market has shown an exceptional penetration in countries such as U.K., Germany and France. Enabling government regulations is increasing the penetration in developed countries. In developing countries, technological advancement such as artificial intelligence is creating opportunity for the Europe digital payment market.
According to Data Bridge Market Research, the market for digital payment in the U.K. has the highest market share followed by Germany and France. Market leader is PayPal Holdings, Inc. which accounts an estimated market share of approximately 8% to 15% in the North America region. The company has gained outstanding sales through their industrial product which includes PayPal App and PayPal Commerce Platform.
Now the question is which are the other countries that Visa, PayPal Holdings, Inc. and Mastercard are targeting? Data Bridge Market Research has estimated a large growth in the U.K. digital payment market and the market leaders are targeting Germany, France and Italy to be their next revenue pockets for 2020.
The digital payment market is becoming more competitive every year with companies such as Visa, PayPal Holdings, Inc. and Mastercard as they are the market leaders for digital payment market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the digital payment market.
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Europe digital payment market is segmented on the basis of countries into the Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, and Rest of Europe.
All country based analysis of digital payment market is further analyzed based on further segmentation. On the basis of offering, the digital payment market is segmented into solutions and services. On the basis of deployment model, the digital payment market is segmented into on premise, and cloud. On the basis of organization size, the digital payment market is segmented into large enterprises, and small & medium enterprises (SMEs). On the basis of mode of payment, the digital payment market is segmented into payment cards, point of sale, unified payments interface (UPI) service, mobile payment, and online payment. On the basis of mode of usage, the digital payment market is segmented into mobile application, and desktop/web browser. On the basis of technology, the digital payment market is segmented into application programming interface (API), data analytics and ML, digital ledger technology (DLT), AI and IoT, and biometric authentication. On the basis of use case, the digital payment market is segmented into person (P/C), merchant/ business, and government. On the basis of end user, the digital payment market is segmented into commercial, and consumer.
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Key Market Competitors Covered in the Europe Digital Payment Market Report
Above are the key players covered in the report, to know about more and exhaustive list of digital payment companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=europe-digital-payment-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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