Middle East & Africa Digital Payment Market Size & Outlook
Middle East & Africa digital payment market, 2018-2030 (US$M)
Related Markets
MEA digital payment market highlights
- The MEA digital payment market generated a revenue of USD 8,711.9 million in 2022.
- The market is expected to grow at a CAGR of 21.4% 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.
MEA data book summary
| Market revenue in 2022 | USD 8,711.9 million |
| Market revenue in 2030 | USD 41,168.8 million |
| Growth rate | 21.4% (CAGR from 2022 to 2030) |
| Largest segment | Payment processing |
| Fastest growing segment | Payment Gateway |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, MEA region accounted for 10.8% of the global digital payment market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 89,281.7 million by 2030.
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Digital Payment Market Scope
Digital Payment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 26.15% in 2022. Horizon Databook has segmented the Middle East & Africa 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.
- Middle East & Africa Digital Payment Solution Outlook (Revenue, USD Million, 2018-2030)
- Application Program Interface
- Payment Gateway
- Payment Processing
- Payment Security & Fraud Management
- Transaction Risk Management
- Others
- Middle East & Africa Digital Payment Mode of Payment Outlook (Revenue, USD Million, 2018-2030)
- Bank Cards
- Digital Currencies
- Digital Wallets
- Net Banking
- Point of Sales
- Others
- Middle East & Africa Digital Payment Deployment Outlook (Revenue, USD Million, 2018-2030)
- Cloud
- On-premise
- Middle East & Africa Digital Payment Enterprise Size Outlook (Revenue, USD Million, 2018-2030)
- Large Enterprises
- Small & Medium Enterprises
- Middle East & Africa 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 Middle East & Africa 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa digital payment market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa digital payment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Digital Payment Market Outlook Share, 2022 & 2030 (US$M)
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