Real-Time Payment Market Size 2021 Global Industry Share, Demand, Key Findings, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2030

In a recent published report, Kenneth Research has updated the market report for Real-Time Payment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Real-Time Payment Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Market Synopsis:

The Global Real Time Payment Market was valued at USD 5.12 billion in 2017 and is expected to reach USD  23.57 billion by the end of the forecast period with a CAGR of 29.7%.Digitization has played a major role in the adoption of real -time and online payment system by individuals. Real-time payments have become a part of routine for enterprises/individuals as it makes online transactions convienent. Moreover, increased popularity for online shopping among individuals has further increased the need for secure, fast and enhanced payment solutions to offer smooth flow of transactions.

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Promoting cashless transactions for payments of smaller denomination has risen the need for quick and enhanced payment platforms which are relatively secure. The major driver fueling the growth of real-time payment payment is the increased usage of card payments by individuals for transactions. However, security concerns regarding online payments is still refraining the growth of real-time payment payment market.

One of the leading companies ACI Worldwide, in august 2018 partnered with SPAN Enterprises to enhance online payments and upgrade the uiser experiecne of customer in various industries such as transportation industry. Another major financial organization, Fiserv acquired Elan Financial Services in September 2018. The acquisition is expected to enable Fiserv to enhance its presence then field of debit card processing, and mobile and digital payments. In June 2018, PayPal acquired Simility aiming to expand its fraud prevention and risk management portfolio.


The Global Real Time Payment Market is segmented into solution, service, deployment, verticals, and region.By solution, the market is segmented into payment gateway, payment processing, payment security, fraud management, and others.By services, the market is segmented into professional services, and managed services.

By deployment, the market is segmented into on-premise, and cloud.By verticals, the market is segmented into BFSI, IT & telecommunication, retail, government, energy & utilities, and others.By region, the real time payment market is segmented into North America, Europe, Asia-Pacific, and rest of the world.

Regional analysis:

The global market for real time payment is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of real time payment market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

North America is the largest market for real-time payment. It has generated highest revenue in 2017 and is estimated to highest market value during the forecast period. The growth of North American region is attributed to increased adoption of digital payments by customers in the countries including the US, and Canada. US has generated highest revenue in 2017 and is projected to grow with fastest CAGR during forecast period 2018–2023. It is followed by Canada and Mexico.

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Europe is the second largest market for real-time payment. It is technically advanced region and has established infrastructure. The UK has generated highest revenue in 2017 and is projected to grow with a highest CAGR during forecast period 2018–2023. Technical advancements in the provision of secure payment has fueled the growth of real-time payment market in these countries.

Key Players:

The key players in the real time payment market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— ACI Worldwide Inc (US), Fidelity National Information Servcs Inc (US), Fiserv Inc (US), Paypal Holdings Inc (US), Wirecard AG (Germany), Mastercard Inc (US), Worldline SA (France), Temenos AG (Switzerland), Visa Inc Class A (US), and Apple Inc (US). These players contribute a major proportion towards market growth.

Apart from the top key players, the other players contribute nearly 30–35 % in the real time payment market. These include Ant Financial Services Group (China), Global Payments Inc (US), Capgemini SE (France), Icon Solutions Ltd (India), REPAY (US), IntegraPay (US), Obopay (US), Ripple Labs Inc (US), ACE Software Solutions Inc (US), Finastra (UK), Nets A/S (Denmark), Financial Software & Systems Pvt. Ltd (India), Intelligent Payments Group Ltd (UK), Montran (US), and others.

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Intended Audience:

Payment Security Providers

Government Agencies

Network Solution Providers

Independent Software Vendors

Consulting Firms

System Integrators

Research Institutes and Organizations

Technology Standards Organizations

Technology Investors

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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