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Global Real-time Payments Market by Component (Services, Software), Nature of Payment (Business-to-Business (B2B), Business-to-Government (B2G), Government-to-Business (G2B)), Industry - Forecast 2023-2030

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    Report

  • 199 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 4968872
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The Real-time Payments Market size was estimated at USD 18.89 billion in 2022, USD 23.27 billion in 2023, and is expected to grow at a CAGR of 23.72% to reach USD 103.74 billion by 2030.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Real-time Payments Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Real-time Payments Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Real-time Payments Market, highlighting leading vendors and their innovative profiles. These include ACI Worldwide, Inc., Alacriti, Apple Inc., Bank Independent, Bank of America Corporation, Capgemini SE, EVO Payments, Inc., Fidelity National Information Services, Inc., Financial Software & Systems Pvt., Ltd., Finastra, Fiserv, Inc., Global Payments Inc., Icon Solutions Ltd., JPMorgan Chase & Co., Mastercard Inc., Montran Corporation, Network for Electronic Transfers (Singapore) Pte Ltd., Nexi S.p.A., Obopay Mobile Technology India Private Limited, PayPal Pte. Ltd., Payrix Solutions, LLC, Pelican.ai, Repay Holdings, LLC, Ripple Labs Inc., S.W.I.F.T. SC, Temenos Headquarters SA, Visa Inc., and Worldline Group S.A.

Market Segmentation & Coverage

This research report categorizes the Real-time Payments Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Component
    • Services
      • Managed Services
      • Professional Services
    • Software
      • Payment Gateway
      • Payment Processing
      • Payment Security & Fraud Management
  • Nature of Payment
    • Business-to-Business (B2B)
    • Business-to-Government (B2G)
    • Government-to-Business (G2B)
    • Government-to-Person (G2P)
    • Person-to-Government (P2G)
    • Person-to-Person (P2P)
  • Industry
    • BFSI
    • Energy & Utilities
    • Government
    • IT & Telecom
    • Retail & E-commerce
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Real-time Payments Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Real-time Payments Market?
  3. What are the technology trends and regulatory frameworks in the Real-time Payments Market?
  4. What is the market share of the leading vendors in the Real-time Payments Market?
  5. Which modes and strategic moves are suitable for entering the Real-time Payments Market?

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Real-time Payments Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Government Support to Encourage Use of Digital Payments
5.1.1.2. Growing Adoption of Smartphone-Based Payment Solutions
5.1.1.3. Unabated Growth of the E-commerce Sector
5.1.2. Restraints
5.1.2.1. Specific Transaction Limit and Security Risk
5.1.3. Opportunities
5.1.3.1. Adoption of Cloud Based Solutions and Technological Advancements in RTPs
5.1.3.2. Financial Institution Movement Towards Cross-Border Real-Time Payment
5.1.4. Challenges
5.1.4.1. Interoperability Concerns of Real-Time Payment
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Real-time Payments Market, by Component
6.1. Introduction
6.2. Services
6.3.1. Managed Services
6.3.2. Professional Services
6.3. Software
6.4.1. Payment Gateway
6.4.2. Payment Processing
6.4.3. Payment Security & Fraud Management
7. Real-time Payments Market, by Nature of Payment
7.1. Introduction
7.2. Business-to-Business (B2B)
7.3. Business-to-Government (B2G)
7.4. Government-to-Business (G2B)
7.5. Government-to-Person (G2P)
7.6. Person-to-Government (P2G)
7.7. Person-to-Person (P2P)
8. Real-time Payments Market, by Industry
8.1. Introduction
8.2. BFSI
8.3. Energy & Utilities
8.4. Government
8.5. IT & Telecom
8.6. Retail & E-commerce
9. Americas Real-time Payments Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Real-time Payments Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Real-time Payments Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. ACI Worldwide, Inc.
13.1.2. Alacriti
13.1.3. Apple Inc.
13.1.4. Bank Independent
13.1.5. Bank of America Corporation
13.1.6. Capgemini SE
13.1.7. EVO Payments, Inc.
13.1.8. Fidelity National Information Services, Inc.
13.1.9. Financial Software & Systems Pvt., Ltd.
13.1.10. Finastra
13.1.11. Fiserv, Inc.
13.1.12. Global Payments Inc.
13.1.13. Icon Solutions Ltd.
13.1.14. JPMorgan Chase & Co.
13.1.15. Mastercard Inc.
13.1.16. Montran Corporation
13.1.17. Network for Electronic Transfers (Singapore) Pte Ltd.
13.1.18. Nexi S.p.A.
13.1.19. Obopay Mobile Technology India Private Limited
13.1.20. PayPal Pte. Ltd.
13.1.21. Payrix Solutions, LLC
13.1.22. Pelican.ai
13.1.23. Repay Holdings, LLC
13.1.24. Ripple Labs Inc.
13.1.25. S.W.I.F.T. SC
13.1.26. Temenos Headquarters SA
13.1.27. Visa Inc.
13.1.28. Worldline Group S.A.
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
List of Figures
FIGURE 1. REAL-TIME PAYMENTS MARKET RESEARCH PROCESS
FIGURE 2. REAL-TIME PAYMENTS MARKET SIZE, 2022 VS 2030
FIGURE 3. REAL-TIME PAYMENTS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. REAL-TIME PAYMENTS MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. REAL-TIME PAYMENTS MARKET DYNAMICS
FIGURE 7. REAL-TIME PAYMENTS MARKET SIZE, BY COMPONENT, 2022 VS 2030 (%)
FIGURE 8. REAL-TIME PAYMENTS MARKET SIZE, BY COMPONENT, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. REAL-TIME PAYMENTS MARKET SIZE, BY NATURE OF PAYMENT, 2022 VS 2030 (%)
FIGURE 10. REAL-TIME PAYMENTS MARKET SIZE, BY NATURE OF PAYMENT, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. REAL-TIME PAYMENTS MARKET SIZE, BY INDUSTRY, 2022 VS 2030 (%)
FIGURE 12. REAL-TIME PAYMENTS MARKET SIZE, BY INDUSTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS REAL-TIME PAYMENTS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 14. AMERICAS REAL-TIME PAYMENTS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES REAL-TIME PAYMENTS MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 16. UNITED STATES REAL-TIME PAYMENTS MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC REAL-TIME PAYMENTS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC REAL-TIME PAYMENTS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA REAL-TIME PAYMENTS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA REAL-TIME PAYMENTS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. REAL-TIME PAYMENTS MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 22. REAL-TIME PAYMENTS MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • ACI Worldwide, Inc.
  • Alacriti
  • Apple Inc.
  • Bank Independent
  • Bank of America Corporation
  • Capgemini SE
  • EVO Payments, Inc.
  • Fidelity National Information Services, Inc.
  • Financial Software & Systems Pvt., Ltd.
  • Finastra
  • Fiserv, Inc.
  • Global Payments Inc.
  • Icon Solutions Ltd.
  • JPMorgan Chase & Co.
  • Mastercard Inc.
  • Montran Corporation
  • Network for Electronic Transfers (Singapore) Pte Ltd.
  • Nexi S.p.A.
  • Obopay Mobile Technology India Private Limited
  • PayPal Pte. Ltd.
  • Payrix Solutions, LLC
  • Pelican.ai
  • Repay Holdings, LLC
  • Ripple Labs Inc.
  • S.W.I.F.T. SC
  • Temenos Headquarters SA
  • Visa Inc.
  • Worldline Group S.A.

Methodology

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Table Information