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Master Recharge API Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

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    Report

  • 116 Pages
  • August 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5724496
Description Jump to:

The Increasing Adoption of Online Payment Solution is Driving the Growth of Master Recharge API Market

Globally, the master recharge API market is expected to grow with a CAGR of 4.8% during the forecast period from 2022 to 2030, started from US$ 12.37 bn in 2021. The market is driven by the increasing adoption of the online Payment and mobile payment solution across the globe. As the information availability is increasing and the customers are becoming empowered, the financial institutes are leveraging on the online banking channels to meet the customers on their choice of channels. This is augmenting the demand for the master recharge API solution across the industry verticals.

The increasing adoption of the smartphone and tablets across the globe is further accelerating the adoption of the master recharge API services. Furthermore, the increasing adoption of the online payment solution across the retail sector is augmenting the demand for the master recharge API. However, the data safety and security issues associated with the use of online payment solution is inhibiting the growth of the market. Moreover, the absence of clear regulatory framework is restricting the market growth.

Prepaid Mobile Recharge Service is Estimated to Grow Significantly During the Forecast Period

The master recharge API market is segmented based on the services into data card, DTH, prepaid recharge, postpaid recharge, electricity, insurance and others. Prepaid recharge accounted for more than 30% share in the master recharge API revenue in 2021. The market growth is attributed to the wide scale adoption of mobile apps for bill payment and recharge among the younger population. Furthermore, the attractive discount, coupons, and cash back offers from the solution providers accelerates the adoption of online payment solutions, which in turn further drives the market growth.

North America is Leading the Master Recharge API Market

North America led the master recharge API market in 2021 with the market share of more than 33%. The increasing adoption of the smartphone and tablets across the region is the primary factor driving the market growth. The rising trend of the online payment also acts as a major driver for the growth of the market. Additionally, the growing need among the organizations to provide the better customer services to the customer is further driving the market growth.

The major vendors in the master recharge API market are Crowd Finch, Axis Softech Private Limited, Recharge Handa, Cyrus Technoedge Solutions Pvt. Ltd., Ezetop, Euronet Worldwide, Indian Web Technologies, LBS Software, Jolo, MyRecharge, Pointersoft Technologies, Pixyrs Softech, and Xtracare IT Solution.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Master Recharge API market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Master Recharge API market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Service

  • Data Card
  • DTH
  • Electricity
  • Insurance
  • Postpaid Mobile Recharge
  • Prepaid Mobile Recharge
  • Others

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Master Recharge API market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Master Recharge API market?
  • Which is the largest regional market for Master Recharge API market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Master Recharge API market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Master Recharge API market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted

2. Executive Summary
2.1. Market Snapshot: Global Master Recharge API Market
2.2. Global Master Recharge API Market, By Service, 2021 (US$ Million)
2.3. Global Master Recharge API Market, By Geography, 2021 (US$ Million)
2.4. Attractive Investment Proposition by Geography, 2021

3. Master Recharge API Market: Competitive Analysis
3.1. Market Positioning of Key Master Recharge API Market Vendors
3.2. Strategies Adopted by Master Recharge API Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2021 Versus 2030

4. Master Recharge API Market: Macro Analysis & Market Dynamics
4.1. Introduction
4.2. Global Master Recharge API Market Value, 2020 - 2030, (US$ Million)
4.3. Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Key Challenges
4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis

5. Master Recharge API Market: By Service, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Data Card
5.3.1.1. DTH
5.3.1.2. Electricity
5.3.1.3. Insurance
5.3.1.4. Postpaid Mobile Recharge
5.3.1.5. Prepaid Mobile Recharge
5.3.1.6. Others

6. North America Master Recharge API Market, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Master Recharge API Market: By Service, 2020-2030, USD (Million)
6.3.Master Recharge API Market: By Region, 2020-2030, USD (Million)
6.3.1.North America
6.3.1.1. U.S.
6.3.1.1.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
6.3.1.2. Canada
6.3.1.2.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
6.3.1.3. Rest of North America
6.3.1.3.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)

7. UK and European Union Master Recharge API Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Master Recharge API Market: By Service, 2020-2030, USD (Million)
7.3.Master Recharge API Market: By Region, 2020-2030, USD (Million)
7.3.1.UK and European Union
7.3.1.1. UK
7.3.1.1.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
7.3.1.2. Germany
7.3.1.2.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
7.3.1.3. Spain
7.3.1.3.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
7.3.1.4. Italy
7.3.1.4.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
7.3.1.5. France
7.3.1.5.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
7.3.1.6. Rest of Europe
7.3.1.6.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)

8. Asia Pacific Master Recharge API Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Master Recharge API Market: By Service, 2020-2030, USD (Million)
8.3.Master Recharge API Market: By Region, 2020-2030, USD (Million)
8.3.1.Asia Pacific
8.3.1.1. China
8.3.1.1.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
8.3.1.2. Japan
8.3.1.2.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
8.3.1.3. India
8.3.1.3.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
8.3.1.4. Australia
8.3.1.4.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
8.3.1.5. South Korea
8.3.1.5.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
8.3.1.6. Rest of Asia Pacific
8.3.1.6.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)

9. Latin America Master Recharge API Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Master Recharge API Market: By Service, 2020-2030, USD (Million)
9.3.Master Recharge API Market: By Region, 2020-2030, USD (Million)
9.3.1.Latin America
9.3.1.1. Brazil
9.3.1.1.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
9.3.1.2. Mexico
9.3.1.2.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
9.3.1.3. Rest of Latin America
9.3.1.3.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)

10. Middle East and Africa Master Recharge API Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Master Recharge API Market: By Service, 2020-2030, USD (Million)
10.3.Master Recharge API Market: By Region, 2020-2030, USD (Million)
10.3.1.Middle East and Africa
10.3.1.1. GCC
10.3.1.1.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
10.3.1.2. Africa
10.3.1.2.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)
10.3.1.3. Rest of Middle East and Africa
10.3.1.3.1. Master Recharge API Market: By Service, 2020-2030, USD (Million)

11. Company Profile
11.1. Axis Softech Private Limited
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Portfolio
11.1.4. Strategic Initiatives
11.2. Crowd Finch
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Portfolio
11.2.4. Strategic Initiatives
11.3. Cyrus Technoedge Solutions Pvt. Ltd.
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Portfolio
11.3.4. Strategic Initiatives
11.4. Euronet Worldwide
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Portfolio
11.4.4. Strategic Initiatives
11.5. Ezetop
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Portfolio
11.5.4. Strategic Initiatives
11.6. Indian Web Technologies
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Portfolio
11.6.4. Strategic Initiatives
11.7. Jolo
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Portfolio
11.7.4. Strategic Initiatives
11.8. LBS Software
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Portfolio
11.8.4. Strategic Initiatives
11.9. LBS Software
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Portfolio
11.9.4. Strategic Initiatives
11.10. MyRecharge
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Portfolio
11.10.4. Strategic Initiatives
11.11. Pixyrs Softech
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Portfolio
11.11.4. Strategic Initiatives
11.12. Pointersoft Technologies
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Portfolio
11.12.4. Strategic Initiatives
11.13. Recharge Handa
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product Portfolio
11.13.4. Strategic Initiatives
11.14. Xtracare IT Solution
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. Product Portfolio
11.14.4. Strategic Initiatives

List of Figures
Figure 1 Global Master Recharge API Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global Master Recharge API Market: Quality Assurance
Figure 5 Global Master Recharge API Market, By Service, 2021
Figure 6 Global Master Recharge API Market, By Geography, 2021
Figure 7 Market Geographical Opportunity Matrix - Global Master Recharge API Market, 2021
Figure 8 Market Positioning of Key Master Recharge API Market Players, 2021
Figure 9 Global Master Recharge API Market - Tier Analysis - Percentage of Revenues by Tier Level, 2021 Versus 2030
Figure 10 Global Master Recharge API Market, By Service, 2021 Vs 2030, %
Figure 11 U.S. Master Recharge API Market (US$ Million), 2020 - 2030
Figure 12 Canada Master Recharge API Market (US$ Million), 2020 - 2030
Figure 13 Rest of North America Master Recharge API Market (US$ Million), 2020 - 2030
Figure 14 UK Master Recharge API Market (US$ Million), 2020 - 2030
Figure 15 Germany Master Recharge API Market (US$ Million), 2020 - 2030
Figure 16 Spain Master Recharge API Market (US$ Million), 2020 - 2030
Figure 17 Italy Master Recharge API Market (US$ Million), 2020 - 2030
Figure 18 France Master Recharge API Market (US$ Million), 2020 - 2030
Figure 19 Rest of Europe Master Recharge API Market (US$ Million), 2020 - 2030
Figure 20 China Master Recharge API Market (US$ Million), 2020 - 2030
Figure 21 Japan Master Recharge API Market (US$ Million), 2020 - 2030
Figure 22 India Master Recharge API Market (US$ Million), 2020 - 2030
Figure 23 Australia Master Recharge API Market (US$ Million), 2020 - 2030
Figure 24 South Korea Master Recharge API Market (US$ Million), 2020 - 2030
Figure 25 Rest of Asia Master Recharge API Market (US$ Million), 2020 - 2030
Figure 26 Brazil Master Recharge API Market (US$ Million), 2020 - 2030
Figure 27 Mexico Master Recharge API Market (US$ Million), 2020 - 2030
Figure 28 Rest of Latin America Master Recharge API Market (US$ Million), 2020 - 2030
Figure 29 GCC Master Recharge API Market (US$ Million), 2020 - 2030
Figure 30 Africa Master Recharge API Market (US$ Million), 2020 - 2030
Figure 31 Rest of Middle East and Africa Master Recharge API Market (US$ Million), 2020 - 2030

List of Tables
Table 1 Global Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 2 Global Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 3 North America Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 4 North America Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 5 U.S. Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 6 U.S. Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 7 Canada Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 8 Canada Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 9 Rest of North America Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 10 Rest of North America Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 11 UK and European Union Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 12 UK and European Union Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 13 UK Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 14 UK Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 15 Germany Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 16 Germany Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 17 Spain Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 18 Spain Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 19 Italy Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 20 Italy Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 21 France Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 22 France Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 23 Rest of Europe Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 24 Rest of Europe Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 25 Asia Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 26 Asia Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 27 China Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 28 China Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 29 Japan Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 30 Japan Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 31 India Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 32 India Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 33 Australia Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 34 Australia Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 35 South Korea Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 36 South Korea Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 37 Latin America Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 38 Latin America Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 39 Brazil Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 40 Brazil Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 41 Mexico Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 42 Mexico Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 43 Rest of Latin America Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 44 Rest of Latin America Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 45 Middle East and Africa Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 46 Middle East and Africa Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 47 GCC Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 48 GCC Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 49 Africa Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 50 Africa Master Recharge API Market By Data Card, 2020-2030, USD (Million)
Table 51 Rest of Middle East and Africa Master Recharge API Market By Service, 2020-2030, USD (Million)
Table 52 Rest of Middle East and Africa Master Recharge API Market By Data Card, 2020-2030, USD (Million)

Companies Mentioned

  • Crowd Finch
  • Axis Softech Private Limited
  • Recharge Handa
  • Cyrus Technoedge Solutions Pvt. Ltd.
  • Ezetop
  • Euronet Worldwide
  • Indian Web Technologies
  • LBS Software
  • Jolo
  • MyRecharge
  • Pointersoft Technologies
  • Pixyrs Softech
  • Xtracare IT Solution.

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