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Global Real-Time Payments Market Report 2022-2031 Featuring CI, FIS, Fiserv, Mastercard, Visa, Temenos, Wirecard, Capgemini, Finastra, Montran, Ripple, PelicanFast, IntegraPay, Worldpay, and Volante
Dublin, Oct. 07, 2022 (GLOBE NEWSWIRE) -- The "Real-Time Payments Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global real-time payments market is expected to grow from $15.91 billion in 2021 to $21.41 billion in 2022 at a compound annual growth rate (CAGR) of 34.5%. The market is expected to grow to $66.76 billion in 2026 at a CAGR of 32.9%.
Major players in the real-time payments market are ACI Worldwide, FIS Corporation, Fiserv Inc, Mastercard Inc, Visa Inc, Temenos AG, Wirecard AG, Capgemini SE, Finastra Limited, Montran Corporation Ltd, Ripple, PelicanFast, IntegraPay, Worldpay Inc, and Volante Technologies Inc.
Asia Pacific was the largest region in the real-time payments market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the real-time payments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing penetration of smartphones is expected to propel the growth of the real-time payment market going forward. A smartphone is a portable electrical device that combines a computer with high-tech features that weren't previously seen in telephones, such an operating system, web browsing, and the capacity to run software programs.
The widespread usage of smartphones throughout the world facilitated real-time payment transactions, and smartphone payments became a convenient choice for users.
For instance, in October 2021, according to The Economic Times, an Indian business newspaper, India has the highest monthly mobile data usage rate in the world (12 GB per person), and it adds 25 million new smartphone users every three months. Therefore, the increasing penetration of smartphones is driving the real-time payment market.
Technological advancements have emerged as a key trend gaining popularity in the real-time payments market. Major companies operating in the real-time payments sector are focused on developing new technologies to strengthen their position in the market.
For instance, in April 2022, IBM, a US-based technology corporation operating in the real-time payments market, launched a new generation mainframe with artificial intelligence technology. The new IBM z16 processor can support deep learning-based fraud detection for all transactions.
The real-time payments market consists of sales of real-time payments by entities (organizations, sole traders, and partnerships) that are used for different services such as bill payment, cash management, and peer-to-peer (P2P) money transfers. Real-time payments refer to a digital infrastructure or cloud-based software available around the year that is used to send money electronically and securely through the internet at any moment.
The main components of the real-time payments market are solutions and services. Services refer to non-physical, intangible parts of the economy instead of goods, which are touched or handled. The different types include person-to-person (P2P), person-to-business (P2B), business-to-person and others. The different enterprise sizes include small and medium-sized enterprises and large enterprises and involve several deployment modes, such as cloud and on-premise. The various end-users involved are retail and e-commerce, government and utilities, healthcare, travel and hospitality, BFSI, and others.
Major players in the real-time payments market
ACI Worldwide
FIS Corporation
Fiserv Inc.
Mastercard Inc.
Visa Inc.
Temenos AG
Wirecard AG
Capgemini SE
Finastra Limited
Montran Corporation Ltd.
Ripple
PelicanFast
IntegraPay
Worldpay Inc.
Volante Technologies Inc.
Key Topics Covered:
1. Executive Summary
2. Real-Time Payments Market Characteristics
3. Real-Time Payments Market Trends And Strategies
4. Impact Of COVID-19 On Real-Time Payments
5. Real-Time Payments Market Size And Growth
5.1. Global Real-Time Payments Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Real-Time Payments Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Real-Time Payments Market Segmentation
6.1. Global Real-Time Payments Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Solutions
Services
6.2. Global Real-Time Payments Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Person-to-Person (P2P)
Person-to-Business (P2B)
Business-to-Person (B2P)
Other Types
6.3. Global Real-Time Payments Market, Segmentation By Enterprise Size, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Small and Medium-Sized Enterprises (SMEs)
Large Enterprises
6.4. Global Real-Time Payments Market, Segmentation By Deployment, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
On-Premise
Cloud
6.5. Global Real-Time Payments Market, Segmentation By End Users, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Retail and E-commerce
Government and Utilities
Healthcare
Telecom and IT
Travel and Hospitality
BFSI
Other End-Users
7. Real-Time Payments Market Regional And Country Analysis
7.1. Global Real-Time Payments Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Real-Time Payments Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/3msspe
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