DUBLIN, January 12, 2023 /PRNewswire/ — Added the Cross-border Payments: Global Market Trends and Forecast (2022-2027) report ResearchAndMarkets.com Offer.
In this report, the market has been segmented based on transaction type, company size, end-user industry, and geography. The report provides an overview of the global cross-border payments market and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period of 2022 to 2027.
Revenue forecasts for this period are segmented by transaction type, company size, end-use industry, and geography. Market values were estimated based on total revenues from cross-border payment solutions and service providers.
The cross-border payment system also shows a rapid increase in international remittances. The rising number of transaction limits and disputes, fragmented and broken data formats, limited uptime, legacy technology and long transaction value chains are some of the major factors expected to hamper cross-border payment market growth during the forecast period.
Today, the global cross-border payments landscape is at the center of several trends that could fundamentally change competitive dynamics, such as: accelerating international trade in the retail and corporate sectors; changing regulatory and sanctions frameworks; and changing customer requirements.
The proliferation of smartphones and the popularity of digital access points such as Alternative Payment Methods (APMs) for remittances have created new requirements that businesses are struggling to meet. Alternative solution providers that offer faster, cheaper and more transparent cross-border payment solutions can gain a competitive advantage over banks.
The global cross-border payments market has been segmented on the basis of transaction type, company size, end-user industry, and geography. Based on organization size, the cross-border payments market has been classified into large organizations and small and medium-sized organizations (SMOs).
Based on transaction type, the cross-border payments market has been divided into business-to-business (B2B), consumer-to-business (C2B), business-to-consumer (B2C), and consumer-to-consumer (C2C). Based on the end-use industry, the cross-border payment market has been segmented into financial institutions, e-commerce, digital platforms, and organizations.
The North American region is currently the most dominant market for global cross-border payments. The presence of leading commercial banks, robust technology infrastructure, strict laws, favorable opportunities for cross-border payment solution providers, fast-growing cross-border e-commerce purchases, and supply chain diversification are some of the key factors driving the North American market. Asia Pacific is currently the fastest growing market for cross-border payments in the world.
The report covers the cross-border payments market in terms of user base in different regions. It also highlights key trends and challenges affecting the market and vendor landscape. The report estimates the global cross-border payments market in 2021 and provides projections of the expected market size up to 2027.
The scope of the study includes cross-border payment development solutions and services related to the platform. However, software and deployment within the cross-border payment platform, pre-developed cross-border payment applications and physical services were excluded from the study.
report includes
A brief general outlook and up-to-date analysis of the global cross-border payments and technologies market
Analysis of the global market trends with market revenue (sales data) for 2021, estimates for 2022 and 2023 and projections of compound annual growth rates (CAGRs) up to 2027
To understand the emerging technologies and forthcoming cross-border payments market opportunities, as well as focuses to forecast the market across various segments and sub-segments
Estimation of actual market size and revenue forecast for the global Cross-Border Payments Market in million USD and related market share analysis by transaction type, organization size, end-user industry and geographic region
Identifying the companies that are considered leaders in the FinTech space and the technological means these companies are using to seize their markets and dominate the market in their fields
Covering the technological, economic and business considerations of the global Cross-Border Payments Market with analysis and growth forecasts up to 2027
Insight into recent industry structure, current competitive landscape, R&D activities, new product launches and enterprise value share analysis based on their segment revenues
Main topics covered:
Chapter 1 Market Outlook
1.1 Market Overview
Chapter 2 summary
Chapter 3 Market Overview
3.1 Current Market Scenario
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restrictions
3.3 Macroeconomic Factors of the Cross-Border Payments Market
3.3.1 Effects of Covid-19
3.3.2 Russia-Ukraine War
Chapter 4 New Technologies
4.1 Fast
4.2 Blockchain
4.3 Cryptocurrencies
4.4 Artificial Intelligence (AI)
Chapter 5 Market Breakdown by Transaction Type, Company Size, and End-User Industry
5.1 Cross-Border Payments Market by Transaction Type
5.1.1 Business to Business (B2B)
5.1.2 Consumer to Business (C2B)
5.1.3 Business to Consumer (B2C)
5.1.4 Consumer to Consumer (C2C)
5.1.5 Market Size and Forecast
5.2 Cross-Border Payments Market by Organization Size
5.2.1 Large Organizations
5.2.2 Small and medium-sized organizations
5.2.3 Market Size and Forecast
5.3 Cross-Border Payments Market by End-User Industry
5.3.1 Financial Institutions
5.3.2 Ecommerce
5.3.3 Digital Platforms
5.3.4 Organizations
5.3.5 Market Size and Forecast
Chapter 6 Market Split by Regions
6.1 Global Cross-Border Payments Market by Regions
6.2 North America
6.3 Europe
6.4 Asia Pacific
6.5 Latin America
6.6 middle East and Africa
Chapter 7 competitive landscape
7.1 Introduction
7.2 Market Ranking of Top Companies
7.2.1 First Place Entrants
7.3 Strategic Analysis
7.3.1 Recent key developments
Chapter 8 Company Profiles
For more information about this report, visit https://www.researchandmarkets.com/r/vgjuio
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