Product Code: A15430
Payments as a Service (PaaS) is a marketing term for a software-as-a-service that links a number of different worldwide payment systems. The architecture is represented by an additional layer, or overlay, that sits on top of these various systems and enables two-way communication between the PaaS and the payment system. The PaaS providers standardized APIs control communication.
Rapid digitalization in payment processing industry and increased smartphone penetration & incorporation of online payment solutions are some of the important factors contributing toward the market growth. In addition, with rapid increase in e-commerce, consumers gradually opt for online purchase of goods & services. This, as a result promotes the demand for hassle-free payments, which drives the payment as a service market growth. However, lack of standardization for international transactions and privacy & security concern are some of the factors that hamper the market growth. On the contrary, in the developing economies, demand for niche, secured, & customized payment processing continue to rise, which accelerates the adoption of payment as a service in the market. Moreover, increased government support & initiatives toward payments industry and playing an active role in accelerating and encouraging growth of secured payment solutions has become one of the major factors expected to create an immense opportunity to the market in the upcoming years.
The payment as a service market is segmented into component, payment method, industry vertical, and region. On the basis of component, the market is differentiated into platform and service. The service segment is further bifurcated into professional services and managed services. The professional service segment is further segregated into system implementation & integration, support & maintenance and training & consulting. The payment method segment is segmented into cards, app/eWallet, automated clearing house (ACH) and others. The cards segment is further bifurcated into credit card and debit card. On the basis of industry vertical, it is fragmented into BFSI, IT & telecom, healthcare, retail & ecommerce, media & entertainment, government & utilities, travel & hospitality and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The payment as a service market analysis includes top companies operating in the market such as Aurus, Inc., Alpha Fintech, ACI Worldwide, Apple Inc., First Data (Fiserv, Inc.), Google, LLC, Ingenico, Mastercard, Paysafe, PayPal Holdings, Inc., Paystand, Pineapple payments (Fiserv, Inc.), VeriFone, Inc., Visa Inc., Valitor, PayU, and Obopay. These players have adopted various strategies to increase their market penetration and strengthen their position in the payment as a service industry.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides in-depth analysis of the global payment as a service market along with the current trends and future estimations to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the global payment as a service market size are provided in the report.
- The Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global payment as a service market from 2021 to 2031 is provided to determine the market potential.
Key Market Segments
By Component
- Platform
- Service
- Service
- Professional Services
- Managed Services
By Payment Method
- Cards
- Cards
- Credit Card
- Debit Card
- App/eWallet
- Automated Clearing House (ACH)
- Others
By Industry Vertical
- Healthcare
- Retail and Ecommerce
- Media and Entertainment
- Government and Utilities
- Travel and Hospitality
- Others
- BFSI
- IT and Telecom
By Region
- North America
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Netherlands
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- ACI Worldwide, Inc.
- Alipay.com
- Amazon Payments, Inc.
- American Express
- Apple Inc.
- Block, Inc.
- FIS
- Google
- Ingenico
- JPMorgan Chase & Co.
- Mastercard
- One97 Communications Limited
- PayPal Holdings Inc.
- Samsung
- Visa Inc.
- PayU
- Obopay
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings of the study
- 2.2.CXO Perspective
CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Key findings
- 3.2.1.Top investment pockets
- 3.3.Porter's five forces analysis
- 3.4.Top player positioning
- 3.5.Market dynamics
- 3.5.1.Drivers
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: PAYMENT AS A SERVICE MARKET, BY COMPONENT
- 4.1 Overview
- 4.1.1 Market size and forecast
- 4.2 Platform
- 4.2.1 Key market trends, growth factors and opportunities
- 4.2.2 Market size and forecast, by region
- 4.2.3 Market analysis by country
- 4.3 Service
- 4.3.1 Key market trends, growth factors and opportunities
- 4.3.2 Market size and forecast, by region
- 4.3.3 Market analysis by country
- 4.3.4 Service Payment as a Service Market by Service
- 4.3.4.1 Professional Services Market size and forecast, by region
- 4.3.4.2 Professional Services Market size and forecast, by country
- 4.3.4.3 Managed Services Market size and forecast, by region
- 4.3.4.4 Managed Services Market size and forecast, by country
CHAPTER 5: PAYMENT AS A SERVICE MARKET, BY PAYMENT METHOD
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 Cards
- 5.2.1 Key market trends, growth factors and opportunities
- 5.2.2 Market size and forecast, by region
- 5.2.3 Market analysis by country
- 5.2.4 Cards Payment as a Service Market by Cards
- 5.2.4.1 Credit Card Market size and forecast, by region
- 5.2.4.2 Credit Card Market size and forecast, by country
- 5.2.4.3 Debit Card Market size and forecast, by region
- 5.2.4.4 Debit Card Market size and forecast, by country
- 5.3 App/eWallet
- 5.3.1 Key market trends, growth factors and opportunities
- 5.3.2 Market size and forecast, by region
- 5.3.3 Market analysis by country
- 5.4 Automated Clearing House (ACH)
- 5.4.1 Key market trends, growth factors and opportunities
- 5.4.2 Market size and forecast, by region
- 5.4.3 Market analysis by country
- 5.5 Others
- 5.5.1 Key market trends, growth factors and opportunities
- 5.5.2 Market size and forecast, by region
- 5.5.3 Market analysis by country
CHAPTER 6: PAYMENT AS A SERVICE MARKET, BY INDUSTRY VERTICAL
- 6.1 Overview
- 6.1.1 Market size and forecast
- 6.2 BFSI
- 6.2.1 Key market trends, growth factors and opportunities
- 6.2.2 Market size and forecast, by region
- 6.2.3 Market analysis by country
- 6.3 IT and Telecom
- 6.3.1 Key market trends, growth factors and opportunities
- 6.3.2 Market size and forecast, by region
- 6.3.3 Market analysis by country
- 6.4 Healthcare
- 6.4.1 Key market trends, growth factors and opportunities
- 6.4.2 Market size and forecast, by region
- 6.4.3 Market analysis by country
- 6.5 Retail and Ecommerce
- 6.5.1 Key market trends, growth factors and opportunities
- 6.5.2 Market size and forecast, by region
- 6.5.3 Market analysis by country
- 6.6 Media and Entertainment
- 6.6.1 Key market trends, growth factors and opportunities
- 6.6.2 Market size and forecast, by region
- 6.6.3 Market analysis by country
- 6.7 Government and Utilities
- 6.7.1 Key market trends, growth factors and opportunities
- 6.7.2 Market size and forecast, by region
- 6.7.3 Market analysis by country
- 6.8 Travel and Hospitality
- 6.8.1 Key market trends, growth factors and opportunities
- 6.8.2 Market size and forecast, by region
- 6.8.3 Market analysis by country
- 6.9 Others
- 6.9.1 Key market trends, growth factors and opportunities
- 6.9.2 Market size and forecast, by region
- 6.9.3 Market analysis by country
CHAPTER 7: PAYMENT AS A SERVICE MARKET, BY REGION
- 7.1 Overview
- 7.1.1 Market size and forecast
- 7.2 North America
- 7.2.1 Key trends and opportunities
- 7.2.2 North America Market size and forecast, by Component
- 7.2.2.1 North America Service Payment as a Service Market by Service
- 7.2.3 North America Market size and forecast, by Payment Method
- 7.2.3.1 North America Cards Payment as a Service Market by Cards
- 7.2.4 North America Market size and forecast, by Industry Vertical
- 7.2.5 North America Market size and forecast, by country
- 7.2.5.1 U.S.
- 7.2.5.1.1 Market size and forecast, by Component
- 7.2.5.1.1.1 U.S. Service Payment as a Service Market by Service
- 7.2.5.1.2 Market size and forecast, by Payment Method
- 7.2.5.1.2.1 U.S. Cards Payment as a Service Market by Cards
- 7.2.5.1.3 Market size and forecast, by Industry Vertical
- 7.2.5.2 Canada
- 7.2.5.2.1 Market size and forecast, by Component
- 7.2.5.2.1.1 Canada Service Payment as a Service Market by Service
- 7.2.5.2.2 Market size and forecast, by Payment Method
- 7.2.5.2.2.1 Canada Cards Payment as a Service Market by Cards
- 7.2.5.2.3 Market size and forecast, by Industry Vertical
- 7.3 Europe
- 7.3.1 Key trends and opportunities
- 7.3.2 Europe Market size and forecast, by Component
- 7.3.2.1 Europe Service Payment as a Service Market by Service
- 7.3.3 Europe Market size and forecast, by Payment Method
- 7.3.3.1 Europe Cards Payment as a Service Market by Cards
- 7.3.4 Europe Market size and forecast, by Industry Vertical
- 7.3.5 Europe Market size and forecast, by country
- 7.3.5.1 UK
- 7.3.5.1.1 Market size and forecast, by Component
- 7.3.5.1.1.1 UK Service Payment as a Service Market by Service
- 7.3.5.1.2 Market size and forecast, by Payment Method
- 7.3.5.1.2.1 UK Cards Payment as a Service Market by Cards
- 7.3.5.1.3 Market size and forecast, by Industry Vertical
- 7.3.5.2 Germany
- 7.3.5.2.1 Market size and forecast, by Component
- 7.3.5.2.1.1 Germany Service Payment as a Service Market by Service
- 7.3.5.2.2 Market size and forecast, by Payment Method
- 7.3.5.2.2.1 Germany Cards Payment as a Service Market by Cards
- 7.3.5.2.3 Market size and forecast, by Industry Vertical
- 7.3.5.3 France
- 7.3.5.3.1 Market size and forecast, by Component
- 7.3.5.3.1.1 France Service Payment as a Service Market by Service
- 7.3.5.3.2 Market size and forecast, by Payment Method
- 7.3.5.3.2.1 France Cards Payment as a Service Market by Cards
- 7.3.5.3.3 Market size and forecast, by Industry Vertical
- 7.3.5.4 Italy
- 7.3.5.4.1 Market size and forecast, by Component
- 7.3.5.4.1.1 Italy Service Payment as a Service Market by Service
- 7.3.5.4.2 Market size and forecast, by Payment Method
- 7.3.5.4.2.1 Italy Cards Payment as a Service Market by Cards
- 7.3.5.4.3 Market size and forecast, by Industry Vertical
- 7.3.5.5 Spain
- 7.3.5.5.1 Market size and forecast, by Component
- 7.3.5.5.1.1 Spain Service Payment as a Service Market by Service
- 7.3.5.5.2 Market size and forecast, by Payment Method
- 7.3.5.5.2.1 Spain Cards Payment as a Service Market by Cards
- 7.3.5.5.3 Market size and forecast, by Industry Vertical
- 7.3.5.6 Netherlands
- 7.3.5.6.1 Market size and forecast, by Component
- 7.3.5.6.1.1 Netherlands Service Payment as a Service Market by Service
- 7.3.5.6.2 Market size and forecast, by Payment Method
- 7.3.5.6.2.1 Netherlands Cards Payment as a Service Market by Cards
- 7.3.5.6.3 Market size and forecast, by Industry Vertical
- 7.3.5.7 Rest of Europe
- 7.3.5.7.1 Market size and forecast, by Component
- 7.3.5.7.1.1 Rest of Europe Service Payment as a Service Market by Service
- 7.3.5.7.2 Market size and forecast, by Payment Method
- 7.3.5.7.2.1 Rest of Europe Cards Payment as a Service Market by Cards
- 7.3.5.7.3 Market size and forecast, by Industry Vertical
- 7.4 Asia-Pacific
- 7.4.1 Key trends and opportunities
- 7.4.2 Asia-Pacific Market size and forecast, by Component
- 7.4.2.1 Asia-Pacific Service Payment as a Service Market by Service
- 7.4.3 Asia-Pacific Market size and forecast, by Payment Method
- 7.4.3.1 Asia-Pacific Cards Payment as a Service Market by Cards
- 7.4.4 Asia-Pacific Market size and forecast, by Industry Vertical
- 7.4.5 Asia-Pacific Market size and forecast, by country
- 7.4.5.1 China
- 7.4.5.1.1 Market size and forecast, by Component
- 7.4.5.1.1.1 China Service Payment as a Service Market by Service
- 7.4.5.1.2 Market size and forecast, by Payment Method
- 7.4.5.1.2.1 China Cards Payment as a Service Market by Cards
- 7.4.5.1.3 Market size and forecast, by Industry Vertical
- 7.4.5.2 Japan
- 7.4.5.2.1 Market size and forecast, by Component
- 7.4.5.2.1.1 Japan Service Payment as a Service Market by Service
- 7.4.5.2.2 Market size and forecast, by Payment Method
- 7.4.5.2.2.1 Japan Cards Payment as a Service Market by Cards
- 7.4.5.2.3 Market size and forecast, by Industry Vertical
- 7.4.5.3 India
- 7.4.5.3.1 Market size and forecast, by Component
- 7.4.5.3.1.1 India Service Payment as a Service Market by Service
- 7.4.5.3.2 Market size and forecast, by Payment Method
- 7.4.5.3.2.1 India Cards Payment as a Service Market by Cards
- 7.4.5.3.3 Market size and forecast, by Industry Vertical
- 7.4.5.4 Australia
- 7.4.5.4.1 Market size and forecast, by Component
- 7.4.5.4.1.1 Australia Service Payment as a Service Market by Service
- 7.4.5.4.2 Market size and forecast, by Payment Method
- 7.4.5.4.2.1 Australia Cards Payment as a Service Market by Cards
- 7.4.5.4.3 Market size and forecast, by Industry Vertical
- 7.4.5.5 South Korea
- 7.4.5.5.1 Market size and forecast, by Component
- 7.4.5.5.1.1 South Korea Service Payment as a Service Market by Service
- 7.4.5.5.2 Market size and forecast, by Payment Method
- 7.4.5.5.2.1 South Korea Cards Payment as a Service Market by Cards
- 7.4.5.5.3 Market size and forecast, by Industry Vertical
- 7.4.5.6 Singapore
- 7.4.5.6.1 Market size and forecast, by Component
- 7.4.5.6.1.1 Singapore Service Payment as a Service Market by Service
- 7.4.5.6.2 Market size and forecast, by Payment Method
- 7.4.5.6.2.1 Singapore Cards Payment as a Service Market by Cards
- 7.4.5.6.3 Market size and forecast, by Industry Vertical
- 7.4.5.7 Rest of Asia-Pacific
- 7.4.5.7.1 Market size and forecast, by Component
- 7.4.5.7.1.1 Rest of Asia-Pacific Service Payment as a Service Market by Service
- 7.4.5.7.2 Market size and forecast, by Payment Method
- 7.4.5.7.2.1 Rest of Asia-Pacific Cards Payment as a Service Market by Cards
- 7.4.5.7.3 Market size and forecast, by Industry Vertical
- 7.5 LAMEA
- 7.5.1 Key trends and opportunities
- 7.5.2 LAMEA Market size and forecast, by Component
- 7.5.2.1 LAMEA Service Payment as a Service Market by Service
- 7.5.3 LAMEA Market size and forecast, by Payment Method
- 7.5.3.1 LAMEA Cards Payment as a Service Market by Cards
- 7.5.4 LAMEA Market size and forecast, by Industry Vertical
- 7.5.5 LAMEA Market size and forecast, by country
- 7.5.5.1 Latin America
- 7.5.5.1.1 Market size and forecast, by Component
- 7.5.5.1.1.1 Latin America Service Payment as a Service Market by Service
- 7.5.5.1.2 Market size and forecast, by Payment Method
- 7.5.5.1.2.1 Latin America Cards Payment as a Service Market by Cards
- 7.5.5.1.3 Market size and forecast, by Industry Vertical
- 7.5.5.2 Middle East
- 7.5.5.2.1 Market size and forecast, by Component
- 7.5.5.2.1.1 Middle East Service Payment as a Service Market by Service
- 7.5.5.2.2 Market size and forecast, by Payment Method
- 7.5.5.2.2.1 Middle East Cards Payment as a Service Market by Cards
- 7.5.5.2.3 Market size and forecast, by Industry Vertical
- 7.5.5.3 Africa
- 7.5.5.3.1 Market size and forecast, by Component
- 7.5.5.3.1.1 Africa Service Payment as a Service Market by Service
- 7.5.5.3.2 Market size and forecast, by Payment Method
- 7.5.5.3.2.1 Africa Cards Payment as a Service Market by Cards
- 7.5.5.3.3 Market size and forecast, by Industry Vertical
CHAPTER 8: COMPANY LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Key developments
CHAPTER 9: COMPANY PROFILES
- 9.1 ACI Worldwide, Inc.
- 9.1.1 Company overview
- 9.1.2 Company snapshot
- 9.1.3 Operating business segments
- 9.1.4 Product portfolio
- 9.1.5 Business performance
- 9.1.6 Key strategic moves and developments
- 9.2 Alipay.com
- 9.2.1 Company overview
- 9.2.2 Company snapshot
- 9.2.3 Operating business segments
- 9.2.4 Product portfolio
- 9.2.5 Business performance
- 9.2.6 Key strategic moves and developments
- 9.3 Amazon Payments, Inc.
- 9.3.1 Company overview
- 9.3.2 Company snapshot
- 9.3.3 Operating business segments
- 9.3.4 Product portfolio
- 9.3.5 Business performance
- 9.3.6 Key strategic moves and developments
- 9.4 American Express
- 9.4.1 Company overview
- 9.4.2 Company snapshot
- 9.4.3 Operating business segments
- 9.4.4 Product portfolio
- 9.4.5 Business performance
- 9.4.6 Key strategic moves and developments
- 9.5 Apple Inc.
- 9.5.1 Company overview
- 9.5.2 Company snapshot
- 9.5.3 Operating business segments
- 9.5.4 Product portfolio
- 9.5.5 Business performance
- 9.5.6 Key strategic moves and developments
- 9.6 Block, Inc.
- 9.6.1 Company overview
- 9.6.2 Company snapshot
- 9.6.3 Operating business segments
- 9.6.4 Product portfolio
- 9.6.5 Business performance
- 9.6.6 Key strategic moves and developments
- 9.7 FIS
- 9.7.1 Company overview
- 9.7.2 Company snapshot
- 9.7.3 Operating business segments
- 9.7.4 Product portfolio
- 9.7.5 Business performance
- 9.7.6 Key strategic moves and developments
- 9.8 Google
- 9.8.1 Company overview
- 9.8.2 Company snapshot
- 9.8.3 Operating business segments
- 9.8.4 Product portfolio
- 9.8.5 Business performance
- 9.8.6 Key strategic moves and developments
- 9.9 Ingenico
- 9.9.1 Company overview
- 9.9.2 Company snapshot
- 9.9.3 Operating business segments
- 9.9.4 Product portfolio
- 9.9.5 Business performance
- 9.9.6 Key strategic moves and developments
- 9.10 JPMorgan Chase & Co.
- 9.10.1 Company overview
- 9.10.2 Company snapshot
- 9.10.3 Operating business segments
- 9.10.4 Product portfolio
- 9.10.5 Business performance
- 9.10.6 Key strategic moves and developments
- 9.11 Mastercard
- 9.11.1 Company overview
- 9.11.2 Company snapshot
- 9.11.3 Operating business segments
- 9.11.4 Product portfolio
- 9.11.5 Business performance
- 9.11.6 Key strategic moves and developments
- 9.12 One97 Communications Limited
- 9.12.1 Company overview
- 9.12.2 Company snapshot
- 9.12.3 Operating business segments
- 9.12.4 Product portfolio
- 9.12.5 Business performance
- 9.12.6 Key strategic moves and developments
- 9.13 PayPal Holdings Inc.
- 9.13.1 Company overview
- 9.13.2 Company snapshot
- 9.13.3 Operating business segments
- 9.13.4 Product portfolio
- 9.13.5 Business performance
- 9.13.6 Key strategic moves and developments
- 9.14 Samsung
- 9.14.1 Company overview
- 9.14.2 Company snapshot
- 9.14.3 Operating business segments
- 9.14.4 Product portfolio
- 9.14.5 Business performance
- 9.14.6 Key strategic moves and developments
- 9.15 Visa Inc.
- 9.15.1 Company overview
- 9.15.2 Company snapshot
- 9.15.3 Operating business segments
- 9.15.4 Product portfolio
- 9.15.5 Business performance
- 9.15.6 Key strategic moves and developments
- 9.16 PayU
- 9.16.1 Company overview
- 9.16.2 Company snapshot
- 9.16.3 Operating business segments
- 9.16.4 Product portfolio
- 9.16.5 Business performance
- 9.16.6 Key strategic moves and developments
- 9.17 Obopay
- 9.17.1 Company overview
- 9.17.2 Company snapshot
- 9.17.3 Operating business segments
- 9.17.4 Product portfolio
- 9.17.5 Business performance
- 9.17.6 Key strategic moves and developments