Real Time Payment Industry Leading Growth Drivers, Emerging Audience, Segments, Industry Sales, Profits & Analysis | Coronavirus Effects

Market Highlights
Real time or real-time payments, also known as immediate payments, enables enterprises and organizations in sending and receiving payments simultaneously in real time. Collaboration by financial institutions and merchants for providing convenience to customers has led to formation of standards which ensure seamless financial transactions. The global real-time payment market report by Market Research Future (MRFR) considers various factors and challenges to be faced by the industry for the period of 2018 to 2023 (forecast period). The COVID-19 pandemic and its impact are noted in the report.
Market Scope
The global real-time payment market is expected to reach USD 23.57 billion by the end of the forecast period with a CAGR of 29.7% over the forecast period. It was valued at USD 5.12 billion in 2017. The cost of printing and circulation of costs, storage and distribution, and check-cashing and ATM transaction fees are expected to drive the market demand exponentially. Development of online commerce sites and adoption of smart devices for conducting financial transactions can drive market demand. The need to pay merchants and utilities for essential services can fuel the market.
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Segmentation:
The global real time payment market is segmented by solution, service, deployment, and verticals.
By solution, the market is segmented into payment gateway, payment processing, fraud management, payment security, and others.
By services, the market is segmented into professional services and managed services.
By deployment, the market is segmented into on-premise, and cloud.
By verticals, the market is segmented into energy & utilities, BFSI, IT & telecommunication, government, retail, and others.
Regional Analysis
By region, the real time payment market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Europe is the second largest market for real-time payment. It is technically advanced region and has established infrastructure. The UK has generated highest revenue in 2017 and is projected to grow with a highest CAGR during forecast period. Technological advancements in the provision of secure payment have fueled the growth of real-time payment market in these countries.
Competitive Outlook
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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Real Time Payment Industry Leading Growth Drivers, Emerging Audience, Segments, Industry Sales, Profits & Analysis | Coronavirus Effects Market Highlights Real time or real-time payments, also known as immediate payments, enables enterprises and organizations in sending and receiving payments simultaneously in real time. Collaboration by financial institutions and merchants for providing convenience to customers has led to formation of standards which ensure seamless financial transactions. The global real-time payment market report by Market Research Future (MRFR) considers various factors and challenges to be faced by the industry for the period of 2018 to 2023 (forecast period). The COVID-19 pandemic and its impact are noted in the report. Market Scope The global real-time payment market is expected to reach USD 23.57 billion by the end of the forecast period with a CAGR of 29.7% over the forecast period. It was valued at USD 5.12 billion in 2017. The cost of printing and circulation of costs, storage and distribution, and check-cashing and ATM transaction fees are expected to drive the market demand exponentially. Development of online commerce sites and adoption of smart devices for conducting financial transactions can drive market demand. The need to pay merchants and utilities for essential services can fuel the market. Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/7060 Segmentation: The global real time payment market is segmented by solution, service, deployment, and verticals. By solution, the market is segmented into payment gateway, payment processing, fraud management, payment security, and others. By services, the market is segmented into professional services and managed services. By deployment, the market is segmented into on-premise, and cloud. By verticals, the market is segmented into energy & utilities, BFSI, IT & telecommunication, government, retail, and others. Regional Analysis By region, the real time payment market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). Europe is the second largest market for real-time payment. It is technically advanced region and has established infrastructure. The UK has generated highest revenue in 2017 and is projected to grow with a highest CAGR during forecast period. Technological advancements in the provision of secure payment have fueled the growth of real-time payment market in these countries. Competitive Outlook Browse Complete Report @ https://www.marketresearchfuture.com/reports/real-time-payment-market-7060 About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact: Market Research Future +1 646 845 9312 Email: [email protected]
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Real Time Payment Market Size, Share, Trends, Growth and Forecast to 2027
Real Time Payment Market is segmented into solution, service, deployment, verticals, and region | Real Time Payment Industry is estimated to grow at a significant rate during the forecast period from 2020 to 2027
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