Product Code: GVR-4-68039-958-2
Payment Orchestration Platform Market Growth & Trends
The global payment orchestration platform market size is expected to reach USD 6.52 billion by 2030, expanding at a CAGR of 24.7% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The growing use of smartphones for making payments is anticipated to drive industry growth. Moreover, consumer awareness about multiple payment options and increasing expectations for secure and fast payments contributes significantly to industry development.
According to PYMNTS.com, 27% of small & medium business units across the U.S. have adopted contactless payment methods, and 19% of small & medium businesses have planned to shift towards an e-commerce business model fully or partially. Thus, such shifts require back-end support to manage the sales and the payments to ensure a smooth customer experience throughout the purchase process. Hence, such business shifts are expected to increase the adoption of payment orchestration platforms across various industries and fuel the market's growth over the forecast period.
Adopting Payment Orchestration Platforms (POPs) offers numerous advantages, such as 24/7 payment services and operational cost-efficiency. Moreover, payment orchestration platform companies are involved in mergers, acquisitions, and partnerships to gain a competitive edge. Companies are also entering into a strategic partnership to develop the payment orchestration platform, thereby driving the growth of the market.
The pandemic has contributed positively to industry growth. Major hospitals and other essential service providers have shifted from traditional payment terminals to online payment methods. Thus, increasing digitalization and the introduction of tech-based payment terminals by key providers are projected to drive the industry's growth.
Payment Orchestration Platform Market Report Highlights
- The B2C segment is expected to witness the fastest growth over the forecast period. The introduction of multiple payment platforms aggressively by major payment orchestration providers and the adoption of these platforms by e-commerce merchants worldwide is expected to drive the growth of the segment
- The advanced analytics & reporting segment is expected to witness the fastest growth over the forecast period. The rising demand for AI-enabled payment platforms and centralized dashboards to increase business productivity is anticipated to drive segment growth
- The e-commerce segment is anticipated to witness the fastest growth over the period. Changing customer expectations and behavior toward online shopping is leading merchants to opt for payment orchestration platforms, which is expected to propel the segment growth
- The Asia Pacific regional market is expected to register rapid growth during the forecast period. The increasing migration of various businesses to this region and the growing e-commerce market is boosting the regional market growth
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.4. Information Analysis
- 1.4.1. Market Formulation & Data Visualization
- 1.4.2. Data Validation & Publishing
- 1.5. Research Scope and Assumptions
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Impact Analysis
- 3.3.1.1. Growing e-commerce platforms
- 3.3.1.2. Increasing penetration of smartphones and the internet
- 3.3.2. Market Challenge Impact Analysis
- 3.3.2.1. Data security risk
- 3.4. Impact of the COVID-19 Pandemic
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Analysis
- 3.5.2. PESTEL Analysis
Chapter 4. Investment Landscape Analysis
- 4.1. Investor Strategies
- 4.2. Investor Vision & Goal Analysis
- 4.3. Funding Raised in Digital Payments
- 4.4. Investments Made in the E-commerce Sector
Chapter 5. FinTech Industry Highlights
- 5.1. FinTech Ecosystem Overview
- 5.2. FinTech Services Overview
- 5.3. Total FinTech Investment, 2017 - 2022 (USD Billion)
- 5.4. FinTech Regulatory Outlook
- 5.4.1. Government Regulations
- 5.4.2. Private/Association Regulations
- 5.5. FinTech Company Analysis - GVR Dashboard (Top 50 companies)
Chapter 6. Payment Orchestration Platform Market: Type Estimates & Trend Analysis
- 6.1. Type Movement Analysis & Market Share, 2022 & 2030
- 6.2. Payment Orchestration Platform Market Estimates & Forecast, By Type
- 6.2.1. B2B
- 6.2.2. B2C
- 6.2.3. C2C
Chapter 7. Payment Orchestration Platform Market: Functionality Estimates & Trend Analysis
- 7.1. Functionality Movement Analysis & Market Share, 2022 & 2030
- 7.2. Payment Orchestration Platform Market Estimates & Forecast, By Functionality
- 7.2.1. Cross Border Transactions
- 7.2.2. Risk Management
- 7.2.3. Advanced Analytics & Reporting
Chapter 8. Payment Orchestration Platform Market: End-Use Estimates & Trend Analysis
- 8.1. End-Use Movement Analysis & Market Share, 2022 & 2030
- 8.2. Payment Orchestration Platform Market Estimates & Forecast, By End-Use
- 8.2.1. BFSI
- 8.2.2. E-commerce
- 8.2.3. Healthcare
- 8.2.4. Travel & Hospitality
- 8.2.5. Others
Chapter 9. Payment Orchestration Platform Market: Regional Estimates & Trend Analysis
- 9.1. Payment Orchestration Platform Market: Regional Outlook
- 9.2. North America
- 9.2.1. North America payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.2.2. The U.S.
- 9.2.2.1. U.S. payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.2.3. Canada
- 9.2.3.1. Canada payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.3. Europe
- 9.3.1. Europe payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.3.2. UK
- 9.3.2.1. UK payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.3.3. Germany
- 9.3.3.1. Germany payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.3.4. France
- 9.3.4.1. France payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.4. Asia Pacific
- 9.4.1. Asia Pacific payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.4.2. China
- 9.4.2.1. China payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.4.3. India
- 9.4.3.1. India payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.4.4. Japan
- 9.4.4.1. Japan payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.4.5. South Korea
- 9.4.5.1. South Korea payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.4.6. Australia
- 9.4.6.1. Australia payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.5. Latin America
- 9.5.1. Latin America payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.5.2. Brazil
- 9.5.2.1. Brazil payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.5.3. Mexico
- 9.5.3.1. Mexico payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.6. Middle East & Africa
- 9.6.1. Middle East & Africa payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.6.2. The Kingdom of Saudi Arabia (KSA)
- 9.6.2.1. The Kingdom of Saudi Arabia (KSA) payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.6.3. UAE
- 9.6.3.1. UAE payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
- 9.6.4. South Arica
- 9.6.4.1. South Africa payment orchestration platform market estimates & forecasts, 2017 - 2030 (USD Million)
Chapter 10. Competitive Landscape
- 10.1. Company Categorization
- 10.2. Participant's Overview
- 10.2.1. CellPoint Digital
- 10.2.2. IXOLIT Group
- 10.2.3. Payoneer Inc.
- 10.2.4. APEXX Fintech Limited
- 10.2.5. Rebilly
- 10.2.6. Spreedly
- 10.2.7. Modo Payments
- 10.2.8. Akurateco
- 10.2.9. BNT Soft
- 10.2.10. aye4fin GmbH
- 10.3. Financial Performance
- 10.4. Product Benchmarking
- 10.5. Company Market Positioning
- 10.6. Company Market Share Analysis, 2022
- 10.7. Company Heat Map Analysis
- 10.8. Strategy Mapping
- 10.8.1. Expansion
- 10.8.2. Collaborations
- 10.8.3. Mergers & Acquisitions
- 10.8.4. New Product Launches
- 10.8.5. Partnerships
- 10.8.6. Others