Canada Digital Payment Market Size & Outlook, 2022-2030
Canada digital payment market, 2018-2030 (US$M)
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Canada digital payment market highlights
- The Canada digital payment market generated a revenue of USD 4,063.4 million in 2022 and is expected to reach USD 20,068.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 22.1% from 2023 to 2030.
- In terms of segment, payment processing was the largest revenue generating solution in 2022.
- Payment Gateway is the most lucrative solution segment registering the fastest growth during the forecast period.
Digital payment market data book summary
| Market revenue in 2022 | USD 4,063.4 million |
| Market revenue in 2030 | USD 20,068.1 million |
| Growth rate | 22.1% (CAGR from 2022 to 2030) |
| Largest segment | Payment processing |
| Fastest growing segment | Payment Gateway |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Application Program Interface, Payment Gateway, Payment Processing, Payment Security & Fraud Management, Transaction Risk Management |
| Key market players worldwide | Aurora Innovation Inc Class A, Adyen NV, PayPal Holdings Inc, Novatti Group Ltd, ACI Worldwide Inc, Global Payments Inc, Wirecard AG |
Other key industry trends
- In terms of revenue, Canada accounted for 5.0% of the global digital payment market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. digital payment market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 20,068.1 million by 2030.
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Digital Payment Market Scope
Digital Payment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada digital payment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital payment market will help companies and investors design strategic landscapes.
Payment processing was the largest segment with a revenue share of 26.2% in 2022. Horizon Databook has segmented the Canada digital payment market based on application program interface, payment gateway, payment processing, payment security & fraud management, transaction risk management covering the revenue growth of each sub-segment from 2018 to 2030.
- Canada Digital Payment Solution Outlook (Revenue, USD Million, 2018-2030)
- Application Program Interface
- Payment Gateway
- Payment Processing
- Payment Security & Fraud Management
- Transaction Risk Management
- Others
- Canada Digital Payment Mode of Payment Outlook (Revenue, USD Million, 2018-2030)
- Bank Cards
- Digital Currencies
- Digital Wallets
- Net Banking
- Point of Sales
- Others
- Canada Digital Payment Deployment Outlook (Revenue, USD Million, 2018-2030)
- Cloud
- On-premise
- Canada Digital Payment Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Large Enterprises
- Small & Medium Enterprises
- Canada Digital Payment End Use Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- Healthcare
- IT & Telecom
- Media & Entertainment
- Retail & E-commerce
- Transportation
- Others
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Target buyers of Canada digital payment market databook
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Our clientele includes a mix of digital payment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada digital payment market , including forecasts for subscribers. This country databook contains high-level insights into Canada digital payment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada digital payment market size, by solution, 2018-2030 (US$M)
Canada Digital Payment Market Outlook Share, 2022 & 2030 (US$M)
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