The Global Real-Time Payments Market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The report segments the global Real-Time Payments Market by nature of payment, component,deployment mode, enterprise size,vertical,and region.The nature of payment segment includes P2P,P2B, B2P, and others (B2B,G2B, B2G, P2G, and G2P). The component segment comprises solutions and services.The RTP market by deployment mode has been segmented into cloud and on-premises. An exclusive data offered in this report is collected by research and industry experts team. —
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Browse and In-depth Table of Content on Real-Time Payments Market
Global Real-Time Payments Market size to grow from US$ 6.8 Billion in 2018 to US$ 25.9 Billion by 2023, at a CAGR of 30.6% during the forecast period. The major growth factors expected to drive the growth of the RTP market include the high proliferation of smart phones, adoption of cloud-based solutions, customers demand for immediacy of payments and quicker payment settlements, and the government initiatives.
The Person-to-Person (P2P) nature of payment is estimated to grow at the highest CAGR during the forecast period
The Real-Time Payments Market by nature of payment has been segmented into Person-to-Person (P2P), Person-to-Business (P2B), Business-to-Person (B2P), and others (Business-to-Business (B2B), Government-to-Business (G2B),Business-to-Government (B2G), Person-to-Government (P2G), and Government-to-Person (G2P)). The P2P nature of payment is expected to grow at the highest CAGR, as it is used by consumers for different use cases, including repayment of a movie ticket to a friend, repayment of money to a friend, and gifting money to a child or a grandchild.
The rapid growth of the -Time Payments Market in the region can be attributed to the active online engagement of consumers in the emerging countries of the region. The extensive facilities to deploy and manage RTP solutions at a low cost of ownership is boosting the market growth in this region. Furthermore, various international and domestic enterprises located in this region are partnering with RTP providers to enhance and provide tailormade offerings to local clients. The developed APAC countries, such as Australia, Japan, Singapore, and New Zealand, have expansively considered the use of RTP solutions and services.
Breakdown of primary participants profile:
By Company: Tier I:20%, Tier II:55%, and Tier III:25%
By Designation:C-Level:25%, Director Level:30%, and Others:45%
By Region: North America:40%, Europe: 22%, APAC:20%, MEA: 8%, and Latin America: 10%
The Study Objectives of this report are:
To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the ecosystem
To study the complete value chain of market
The report also aims at providing detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).
To analyze strategic approaches such as product launches, acquisitions, contracts, agreements, and partnerships in the real-time payments market
To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
Top Key Players in the Real-Time Payments Market include are
Ant Financial (China)
INTELLIGENT PAYMENTS (Gibraltar)
Global Payments (US)
Icon Solutions (UK)
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Reason to buy this report:
The report segments the market into various sub segments, hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its sub segments. The market numbers are further split across applications and regions.
It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.
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