Brooklyn, New York, April 08, 2021 (GLOBE NEWSWIRE) -- According to a new market research report published by Global Market Estimates, the Global Payment Orchestration Market will expand at a CAGR of 20.2% from 2021 to 2026. The pandemic is going to accelerate merchants' massive migration to online networks, especially online platforms. COVID-19 is affecting key dynamics and transformations that are already ongoing, as well as providing opportunities for a growing number of ecosystem participants.
Browse 153 Market Data Tables and 117 Figures spread through 187 Pages and in-depth TOC on "Global Payment Orchestration Market - Forecast to 2026"
https://www.globalmarketestimates.com/market-report/global-payment-orchestration-market-2964
Key Market Insights
- A payment orchestration software (also recognized as an online payment processing platform) includes several mechanisms that assist eMerchants with transaction management, from routing to reconciliation.
- Demand for the commerce-enabling services has increased, prompting the platforms to develop their payment strategies.
- The market is expected to benefit from an increase in internet penetration in developing countries along with an increase in the adoption of advanced payment processing technologies such as deep learning and artificial intelligence.
- In 2020, the BFSI segment dominated the market, accounting for the majority of global sales.
- The B2B payments industry is expanding rapidly and is expected to continue to do so during the forecast period, based on the type of marketplace
- Based on the functionalities, the market is segregated into cross-border transactions, risk management, and advanced analytics & reporting. The cross-border transaction segment accounted for the majority of sales in 2020.
- Cell Point Digital, ZOOZ A PayU Company, IXOPAY, Payoneer, Corey, aye4fin GmbH, Bridge, Amadeus IT Group SA, Ingenico ePayments India Pvt. Ltd., APEXX Fintech Limited, Rebilly, Spreedly, Modopayments, Optile, and BNT ConfigPay, among others are the prime competitors that compete in the market.
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Type of Marketplace Outlook (Revenue, USD Billion, 2019-2026)
- B2B
- B2C
- C2C
Functionalities Outlook (Revenue, USD Billion, 2019-2026)
- Cross Border Transaction
- Risk Management
- Advanced Analytics & Reporting
Industry Vertical Outlook (Revenue, USD Billion, 2019-2026)
- E-Commerce
- Travel & Hospitality Industry
- EdTech
- OTT & Digital Services
- Gaming & Entertainment
- Healthcare Industry
- BFSI
- Others
Regional Outlook (Revenue, USD Billion, 2019-2026)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of APAC
Central & South America
- Brazil
- Argentina
- Rest of CSA
Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
Website: Global Market Estimates