Global Payment Processing Solutions Market Size & Outlook
Global payment processing solutions market, 2017-2030 (US$M)
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Global payment processing solutions market highlights
- The global payment processing solutions market generated a revenue of USD 54,228.9 million in 2023 and is expected to reach USD 139,900.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 14.5% by 2030.
- In terms of segment, credit card accounted for a revenue of USD 23,983.1 million in 2023.
- E-Wallet is the most lucrative payment method segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 54,228.9 million |
| Market revenue in 2030 | USD 139,900.6 million |
| Growth rate | 14.5% (CAGR from 2023 to 2030) |
| Largest segment | Credit card |
| Fastest growing segment | E-Wallet |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Credit Card, Debit Card, E-Wallet |
Other key industry trends
- In terms of revenue, the North America accounted for 34.3% of the global payment processing solutions market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 36,752.5 million by 2030.
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Payment Processing Solutions Market Scope
Payment Processing Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global payment processing solutions 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 payment processing solutions market will help companies and investors design strategic landscapes.
Credit card was the largest segment with a revenue share of 44.23% in 2023. Horizon Databook has segmented the Global payment processing solutions market based on credit card, debit card, e-wallet covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Payment Processing Solutions Payment Method Outlook (Revenue, USD Million, 2017-2030)
- Credit Card
- Debit Card
- E-Wallet
- Global Payment Processing Solutions End Use Outlook (Revenue, USD Million, 2017-2030)
- Hospitality
- Retail
- Utilities & Telecommunication
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global payment processing solutions market , including forecasts for subscribers. This global databook contains high-level insights into Global payment processing solutions market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global payment processing solutions market size, by regions, 2017-2030 (US$M)
Top 10 countries: Payment processing solutions market size, 2023 (US$M)
Global payment processing solutions market share, by payment method, 2023 & 2030 (%, US$M)
Payment processing solutions market: Opportunity assessment by country
Global payment processing solutions market, by region, 2023 (US$M)
| Payment Method | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 9,486.0 | 10,545.7 | 11,733.2 | 13,134.4 | 14,727.5 | 16,544.1 | 18,617.2 | 20,988.4 | 23,693.6 | 26,784.0 | 30,303.2 | 34,296.5 | 38,816.8 | 43,929.0 | 13.1% |
| Europe | 7,178.6 | 8,015.7 | 8,957.3 | 10,070.5 | 11,340.6 | 12,794.0 | 14,458.3 | 16,368.5 | 18,555.7 | 21,063.1 | 23,928.9 | 27,212.8 | 30,941.6 | 35,181.9 | 13.6% |
| Asia Pacific | 4,474.9 | 5,143.8 | 5,916.5 | 6,846.2 | 7,934.2 | 9,211.3 | 10,711.7 | 12,478.6 | 14,555.8 | 17,001.4 | 19,874.3 | 23,212.0 | 27,119.5 | 31,676.6 | 16.8% |
| Latin America | 2,054.5 | 2,350.2 | 2,689.6 | 3,095.6 | 3,567.6 | 4,117.8 | 4,759.7 | 5,510.2 | 6,385.8 | 7,408.8 | 8,601.1 | 9,999.3 | 11,618.5 | 13,498.8 | 16.1% |
| MEA | 2,527.7 | 2,876.4 | 3,274.8 | 3,750.2 | 4,300.6 | 4,939.6 | 5,682.0 | 6,546.5 | 7,551.1 | 8,720.0 | 10,076.3 | 11,664.8 | 13,495.8 | 15,614.3 | 15.5% |
| Overall | 25,721.7 | 28,931.8 | 32,571.4 | 36,896.9 | 41,870.5 | 47,606.8 | 54,228.9 | 61,892.1 | 70,742.0 | 80,977.2 | 92,783.7 | 106,385.4 | 121,992.2 | 139,900.6 | 14.5% |
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