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Epayment System Market Projected to Witness a Double-Digit CAGR During 2017 - 2026

Report Synopsis
XploreMR offers a 9-year forecast of the ePayment system market between 2017 and 2026. In terms of value, the ePayment system market is expected to register a moderate CAGR during the forecast period. This ePayment System market study demonstrates the global market dynamics and trends across seven regions: North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA, which influence the current nature and future status of the ePayment system market over the forecast period.
Report Description
This research report provides a detailed analysis of the ePayment system market, and offers insights on the various factors driving the popularity of ePayment systems. The report includes an extensive analysis of key industry drivers, challenges, market trends, and market structure of ePayment system. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business of ePayment system. The report segregates the market based on product type, payment mode, and different regions, globally.
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The ePayment system market is expected to witness significant value growth during the forecast period, owing to adoption of digital payment solutions by various industry verticals.
The report starts with an overview of the ePayment system market in terms of value. In addition, this section includes an analysis of key trends, drivers, and challenges from the supply, demand, and economy side, which are influencing the ePayment system market.
The ePayment system market is classified on the basis of basis of product type, payment mode, and region. By product type, the ePayment system market is sub-segmented into software platforms and services. By payment mode, the ePayment market is segmented into credit cards, e-wallets, debit & other cards, bank transfer, cash on delivery, and other modes.
A detailed analysis has been provided for every segment in terms of market size analysis for the ePayment system market across different regions. This section provides a detailed analysis covering key trends.
The next section contains a detailed analysis of the ePayment system market across various countries in each region. It provides ePayment system market outlook for 2017–2026, and sets the forecast within the context of the ePayment system market, which includes latest technological developments as well as offerings in the ePayment system market. This market study on ePayment system discusses key trends within countries contributing to the growth of the market, as well as analyses the degrees at which drivers are influencing ePayment system  market in each region. Key regions and countries assessed in this ePayment system market report include North America (U.S., Canada), Latin America (Brazil, Mexico, & Rest of Latin America), Western Europe (UK, France, Germany, Spain, BENELUX, and Rest of Western Europe), Eastern Europe (Russia, Poland, & Rest of Eastern Europe), APEJ (India, China, ASEAN, and Rest of APEJ), Japan, and MEA (GCC Countries, Turkey, South Africa, and Rest of MEA). This report evaluates the present scenario and the growth prospects of the ePayment system market across various regions, globally, for the period 2017-2026. We have considered 2016 as the base year, and have provided data for the remaining 12 months.
Asia Pacific region is the most prospective market for the ePayment system providers. Cashless payments are gaining traction in Asia Pacific region. Smartphone and mobile applications, especially e-Wallets are significantly contributing in the ePayment system market. Regardless of security and safety concerns related to ePayment system, significant number of users are willing to make transaction through ePayment system. However, penetration is not uniform across the region, as cash still remains major mode of payment in few APEJ countries on the back of concerns regarding identity theft, lack of necessary knowledge about electronic payment methods and lack of infrastructure in finance sector.
At the global level, enterprises are also swiftly moving towards the adoption of cloud native systems and application architecture to facilitate seamless ePayment transaction. Further, it is expected that companies will develop robust enterprise resource planning systems to introduce additional functionality in current systems and applications of ePayment system.
To offer an accurate forecast, we started by sizing the current ePayment system market, which forms the basis of how the ePayment system market will grow in the future. Given the characteristics of the ePayment system market, we have triangulated the outcome of different types of analysis based on technology trends.
As previously highlighted, the global ePayment system market is split into a number of segments. All segments in terms of product type, payment mode, and different regions are analysed in terms of basis points, to understand the relative contributions of individual segments to market growth. This detailed information is important for the identification of various key trends in the global ePayment system market.
In addition, another key feature of this ePayment system report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the ePayment system market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global ePayment system market.
In the final section of the ePayment system market report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the ePayment system market, and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the ePayment system supply chain, and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in the ePayment system market. Some of the key competitors covered in the report are LightPointe Communications, Nakagawa Labs, LVX System, General Electric, Wipro, VLNComm, Philips, Oledcomm, Velmenni, and pureLiFi.
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Key Segments
By Product Type

Software Platforms
Services

By Payment Mode

Credit cards
E-wallets
Debit & Other Cards
Bank Transfer
Cash on Delivery
Other Modes

Key Regions

North America

S.
Canada


Latin America

Brazil
Mexico
Rest of Latin America


Western Europe

Germany
K.
France
Spain
Benelux
Rest of Western Europe


Eastern Europe

Russia
Poland
Rest of Eastern Europe


SEA & Others of APAC

India
China
ASEAN
Rest of APAC


Japan
MEA

GCC Countries
Turkey
South Africa
Rest of MEA



Key Companies

LightPointe Communications
Nakagawa Labs
LVX System
General Electric
Wipro
VLNComm
Philips
Oledcomm
Velmenni