According to the study, Growing E-Commerce Application In P2P Technology is one of the primary growth factors for the market. Growing Acceptance Of Online Banking
is also expected to contribute significantly to the Person to person payment market. Overall, Money transfers & Payments
applications of Person to person payment, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as PayPal Pte. Ltd (United States), Tencent (China), Square, Inc (United States), Circle Internet Financial Limited (Ireland), ClearXchange (United States), Stripe (Germany), TransferWise Ltd (United Kingdom), CurrencyFair LTD (Ireland), One97 Communications Ltd (India), Phonepe(India) and MobiKwik (India) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Person to person payment market identified that the demand is rising in many different parts of the world as "Growing Digital Driven Lifestyle
". Furthermore, some recent industry insights like "On 1st November 2019, Square completed the sale of Caviar to DoorDash." is constantly making the industry dynamic. One of the challenges that industry facing is "Increase In Cyber-Attacks"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Person to person payment market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Person to person payment market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Person to person payment market tight? Which application/end-user category or Product Type [NFC/Smartcard, SMS and Mobile Apps] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Person to person payment market and other related sub-markets covered in the study.
o Key & emerging players in the Person to person payment market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Person to person payment market size is calculated using market estimation process, the Person to person payment market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Person to person payment market size has been validated using both top-down and bottom-up approaches.