Global Payment Processing Solutions Market to Reach $161.9 Billion by 2030
Global Market for Payment Processing Solutions
Dublin, March 13, 2024 (GLOBE NEWSWIRE) — The “Payment Processing Solutions: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Payment Processing Solutions estimated at US$58.5 Billion in the year 2022, is projected to reach a revised size of US$161.9 Billion by 2030, growing at a CAGR of 13.6% over the analysis period 2022-2030. Credit Cards, one of the segments analyzed in the report, is projected to record 11.2% CAGR and reach US$67.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Debit Cards segment is readjusted to a revised 12.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $15.9 Billion, While China is Forecast to Grow at 18.6% CAGR
The Payment Processing Solutions market in the U.S. is estimated at US$15.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$38.4 Billion by the year 2030 trailing a CAGR of 18.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.6% and 11% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.7% CAGR.
Select Competitors (Total 72 Featured) –
- PayPal
- Fiserv
- Global Payments
- FIS
- Square
- Stripe
- MasterCard
- Visa
- Dwolla
- ACI Worldwide
- Adyen
- Paysafe
- Jack Henry & Associates
- Wirecard
- PayU
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 108 |
| Forecast Period | 2020 – 2027 |
| Estimated Market Value (USD) in 2020 | $47 Billion |
| Forecasted Market Value (USD) by 2027 | $108.3 Billion |
| Compound Annual Growth Rate | 12.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/emrec8
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