Europe digital payments market was valued at $321.4 billion in 2022 and will grow by 14.5% annually over 2022-2032, driven by government initiatives for the promotion of digital payments, progressive changes in regulatory frameworks, better customer experience, high proliferation of smartphones enabling M-commerce growth, increase in E-commerce sales, and the growing internet penetration.
Highlighted with 35 tables and 60 figures, this 120-page report “Europe Digital Payments Market 2022-2032 by Component (Solutions, Services), Mode of Payment (POS, Banking Cards, Digital Wallet, Net Banking, Crypto Payments, Others), Deployment Type (On-Premises, Cloud-based), Industry Vertical, Organization Size, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe digital payments market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe digital payments market in every aspect of the classification from perspectives of Component, Mode of Payment, Deployment Type, Industry Vertical, Organization Size, and Country.
Based on Component, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Solutions
o Payment Gateway Solutions
o Payment Processing Solutions
o Payment Security and Fraud Management Solutions
o Transaction Risk Management
o Application Program Interface
o Other Solutions
• Services
o Professional Services
o Managed Services
Based on Mode of Payment, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Point of Sale (POS)
• Banking Cards
• Digital Wallet
• Net Banking
• Crypto Payments
• Other Modes of Payment
By Deployment Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• On-Premises Deployment
• Cloud-based Deployment
By Industry Vertical, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• BFSI
• Retail and E-commerce
• Healthcare
• Travel and Hospitality
• Media and Entertainment
• IT & Telecommunication
• Transportation and Logistics
• Other Industry Verticals
By Organization Size, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Small and Medium-Sized Enterprises
• Large Enterprises
Geographically, the following national/local markets are fully investigated:
• Germany
• UK
• France
• Spain
• Italy
• Netherlands
• Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Component, Mode of Payment, and Industry Vertical over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
ACI Worldwide Inc.
Adyen N.V.
Aliant Payment Systems Inc.
Alipay.com Co., Ltd.
Alphabet Inc.
Amazon Payments Inc. (Amazon.com Inc.)
Apple Inc.
Fiserv Inc.
Global Payments Inc.
MasterCard Incorporated (MasterCard)
Mobiamo Inc.
PayPal Holdings Inc.
Paytm (One97 Communications limited)
Square Inc.
Stripe Inc.
Visa Inc.
Wordplay Inc. (Fidelity National Information Services)
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16
2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 20
2.1.2 Impact of COVID-19 on the Market 23
2.2 Major Growth Drivers 25
2.3 Market Restraints and Challenges 31
2.4 Emerging Opportunities and Market Trends 34
2.5 Porter’s Fiver Forces Analysis 38
3 Segmentation of Europe Market by Component 42
3.1 Market Overview by Component 42
3.2 Solutions 44
3.2.1 Payment Gateway Solutions 46
3.2.2 Payment Processing Solutions 47
3.2.3 Payment Security and Fraud Management Solutions 48
3.2.4 Transaction Risk Management 49
3.2.5 Application Program Interface 50
3.2.6 Other Solutions 51
3.3 Services 52
3.3.1 Professional Services 53
3.3.2 Managed Services 54
4 Segmentation of Europe Market by Mode of Payment 55
4.1 Market Overview by Mode of Payment 55
4.2 Point of Sale 57
4.3 Banking Cards 58
4.4 Digital Wallet 59
4.5 Net Banking 60
4.6 Crypto Payments 61
4.7 Other Modes of Payment 62
5 Segmentation of Europe Market by Deployment Type 63
5.1 Market Overview by Deployment Type 63
5.2 On-Premises Deployment 65
5.3 Cloud-based Deployment 66
6 Segmentation of Europe Market by Industry Vertical 67
6.1 Market Overview by Industry Vertical 67
6.2 BFSI 69
6.3 Retail and E-commerce 70
6.4 Healthcare 71
6.5 Travel and Hospitality 72
6.6 Media and Entertainment 73
6.7 IT & Telecommunication 74
6.8 Transportation and Logistics 75
6.9 Other Industry Verticals 76
7 Segmentation of Europe Market by Organization Size 77
7.1 Market Overview by Organization Size 77
7.2 Small and Medium-Sized Enterprises 79
7.3 Large Enterprises 80
8 European Market 2022-2032 by Country 81
8.1 Overview of European Market 81
8.2 Germany 84
8.3 U.K. 86
8.4 France 88
8.5 Spain 90
8.6 Italy 92
8.7 Netherlands 94
8.8 Rest of European Market 96
9 Competitive Landscape 98
9.1 Overview of Key Vendors 98
9.2 New Product Launch, Partnership, Investment, and M&A 101
9.3 Company Profiles 102
ACI Worldwide Inc. 102
Adyen N.V. 104
Aliant Payment Systems Inc. 105
Alipay.com Co., Ltd. 106
Alphabet Inc. 107
Amazon Payments Inc. (Amazon.com Inc.) 108
Apple Inc. 109
Fiserv Inc. 110
Global Payments Inc. 111
MasterCard Incorporated (MasterCard) 112
Mobiamo Inc. 113
PayPal Holdings Inc. 114
Paytm (One97 Communications limited) 115
Square Inc. 116
Stripe Inc. 117
Visa Inc. 118
Wordplay Inc. (Fidelity National Information Services) 119
RELATED REPORTS 120
List of Tables:
Table 1. Snapshot of Europe Digital Payments Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 21
Table 3. World Economic Outlook, 2021-2023 22
Table 4. Benefits of Digital Payments 29
Table 5. Main Product Trends and Market Opportunities in Europe Digital Payments Market 34
Table 6. Europe Digital Payments Market by Component, 2022-2032, $ mn 42
Table 7. Europe Digital Payments Market: Solutions by Type, 2022-2032, $ mn 45
Table 8. Europe Digital Payments Market: Services by Type, 2022-2032, $ mn 52
Table 9. Europe Digital Payments Market by Mode of Payment, 2022-2032, $ mn 55
Table 10. Europe Digital Payments Market by Deployment Type, 2022-2032, $ mn 63
Table 11. Europe Digital Payments Market by Industry Vertical, 2022-2032, $ mn 67
Table 12. Europe Digital Payments Market by Organization Size, 2022-2032, $ mn 77
Table 13. Europe Digital Payments Market by Country, 2022-2032, $ mn 83
Table 14. Germany Digital Payments Market by Component, 2022-2032, $ mn 85
Table 15. Germany Digital Payments Market by Mode of Payment, 2022-2032, $ mn 85
Table 16. Germany Digital Payments Market by Industry Vertical, 2022-2032, $ mn 85
Table 17. U.K. Digital Payments Market by Component, 2022-2032, $ mn 87
Table 18. U.K. Digital Payments Market by Mode of Payment, 2022-2032, $ mn 87
Table 19. U.K. Digital Payments Market by Industry Vertical, 2022-2032, $ mn 87
Table 20. France Digital Payments Market by Component, 2022-2032, $ mn 89
Table 21. France Digital Payments Market by Mode of Payment, 2022-2032, $ mn 89
Table 22. France Digital Payments Market by Industry Vertical, 2022-2032, $ mn 89
Table 23. Spain Digital Payments Market by Component, 2022-2032, $ mn 91
Table 24. Spain Digital Payments Market by Mode of Payment, 2022-2032, $ mn 91
Table 25. Spain Digital Payments Market by Industry Vertical, 2022-2032, $ mn 91
Table 26. Italy Digital Payments Market by Component, 2022-2032, $ mn 93
Table 27. Italy Digital Payments Market by Mode of Payment, 2022-2032, $ mn 93
Table 28. Italy Digital Payments Market by Industry Vertical, 2022-2032, $ mn 93
Table 29. Netherlands Digital Payments Market by Component, 2022-2032, $ mn 95
Table 30. Netherlands Digital Payments Market by Mode of Payment, 2022-2032, $ mn 95
Table 31. Netherlands Digital Payments Market by Industry Vertical, 2022-2032, $ mn 95
Table 32. Digital Payments Market in Rest of Europe by Country, 2022-2032, $ mn 97
Table 33. ACI Worldwide Inc.: Company Snapshot 102
Table 34. ACI Worldwide Inc.: Business Segmentation 103
Table 35. ACI Worldwide Inc.: Product Portfolio 103
