The global demand for Payment Orchestration Platform Market is presumed to reach the market size of nearly USD 4903.99 MN by 2028 from USD 1000.1 MN in 2021 with a CAGR of 25.5% under the study period 2022 - 2028.
Payment orchestration platform (POPs) is a new concept used in the financial industry. Payment orchestration platform is designed to solve the problem of e-commerce businesses that should contact various payment gateway providers and manage them individually. It is also recognized as an online payment processing platform, includes several mechanisms that assist e-Merchants with transaction management, from routing to reconciliation.
The growing prevalence of e-commerce platforms is driving the industry as e-commerce vendors are choosing payment orchestration platforms (POPs) to ensure consumer security and payment integrity during the forecast period. Also, the internet contributes significantly to the market’s development. Moreover, the increasing penetration of smartphones for online transactions through digital payment platforms is expected to propel industry growth. Furthermore, the rising retail acceptance of digital payment solutions is anticipated to drive market growth during the forecast period. In addition, the increasing acceptance of payments in real-time and expanding government programs are other factors contributing to the growth of this market. However, the merchants have to deal with cyber threats and fraudulent activities, which may negatively impact the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of payment orchestration platform. The growth and trends of payment orchestration platform industry provide a holistic approach to this study.
This section of the payment orchestration platform market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Cross Border Transactions
- Risk Management
- Advanced Analytics & Reporting
- Travel & Hospitality
This section covers the regional outlook, which accentuates current and future demand for the Payment Orchestration Platform market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Payment Orchestration Platform Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the payment orchestration platform market include Cellpoint Digital, IXOLIT Group, Payoneer Inc., APEXX Fintech Ltd., Rebilly, Spreedly, Modo Payments, Akurateco, BNT Soft, aye4fin GmbH. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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