Global Faster Payment Service (FPS) Market, By Mode of Payment (Single Immediate Payments, Forward-Dated Payments, Direct Corporate Access Payments, Domestic P2P Payments, Cross-Border P2P Payments, P2M Payments, B2B Payments, B2C/G2P Payments), Component (Solutions, Services), Deployment (Cloud, On-Premises), Enterprise Size (Small and Medium-Sized Enterprises, Large Enterprises), End Use Industry (Retail and E-Commerce, Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Travel and Tourism, Healthcare, Government, Energy and Utilities, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Faster payment service (FPS) market is expected to witness market growth at a rate of 29.10% in the forecast period of 2020 to 2027. Data Bridge Market Research report on faster payment service (FPS) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
The increasing usages of smartphones and other devices, rising demand for immediacy of payments and quicker payment settlements, increasing number of initiatives by the government for the adoption of advanced and improved payment system are some of the important factors which will likely to uplift the growth of the faster payment service (FPS) market in the forecast period of 2020-2027. On the other hand, the rising usages of payment gateway by various industries along with progressive changes in regulatory framework which will further bring immense opportunities that will led to the growth of the faster payment service (FPS) market in the above mentioned forecast period.
The increasing competition among the market players along with lack of interoperability between schemes are acting as market restraints for faster payment service (FPS) in the above mentioned forecasted period. Security of payment in the biggest challenge in the market growth.
This faster payment service (FPS) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on faster payment service (FPS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Faster Payment Service (FPS) Market Scope and Market Size
Faster payment service (FPS) market is segmented on the basis of mode of payment, component, deployment, enterprise size, and end use industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Faster payment service (FPS) market on the basis of mode of payment has been segmented as single immediate payments, forward-dated payments, direct corporate access payments, domestic P2P payments, cross-border P2P payments, P2M payments, B2B payments, and B2C/G2P payments.
- Based on component, the faster payment service (FPS) market has been segmented into solutions, and services. Solutions have been further segmented into payment gateway, payment processing, payment security and fraud management. Services have been further segmented into professional services, and managed services.
- On the basis of deployment, the faster payment service (FPS) market has been segmented into cloud and on-premises.
- On the basis of enterprise size, the faster payment service (FPS) market has been segmented into small and medium-sized enterprises, and large enterprises.
- Faster payment service (FPS) has also been segmented on the basis of end use industry into retail and E-commerce, banking, financial services, and insurance (BFSI), IT and telecom, travel and tourism, healthcare, government, energy and utilities, and others.
Global Faster Payment Service (FPS) Market Country Level Analysis
Faster payment service (FPS) market is analysed and market size, volume information is provided by country, mode of payment, component, deployment, enterprise size, and end use industry as referenced above.
The countries covered in the faster payment service (FPS) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific will dominate the faster payment service (FPS) market due to the rising usages of smartphones along with prevalence of favourable government policies in the region while Europe will expect to grow in the forecast period of 2020-2027 due to the adoption of advanced and improved payment services in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Faster Payment Service (FPS) Market Share Analysis
Faster payment service (FPS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to faster payment service (FPS) market.
The major players covered in the faster payment service (FPS) market report are ACI Worldwide, Inc.; FIS; Fiserv, Inc.; Wirecard AG.; Mastercard; Temenos Headquarters SA; Global Payments Inc.; Capgemini.; Icon Solutions Ltd; M & A Ventures, LLC d/b/a REPAY; IntegraPay; SIA S.P.A.; Obopay; Ripple; Pelican / ACE Software Solutions Inc.; Finastra.; Nets A/S; Financial Software & Systems Pvt. Ltd.; Montran; Visa Inc.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Faster Payment Service (FPS) Market
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