About Virtual Payment Terminal
The global virtual payment terminal is expected to grow at a healthy pace during the forecast period, according to the AMA study. The growing demand for online shopping, rising consumer preference for online payments over traditional cash payment methods,, and the growing demand for automation of payment process across different industries are expected to be the major drivers for this market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The vendors in this market are majorly focusing on development of new & innovative solutions in order to remain competitive in the global market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Virtual Payment Terminal market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
2CheckOut (United States), Stripe (United States), PayPal Payments Pro (United States), Amazon Payments (United States), Braintree (United States), Authorize.Net (United States), WePay (United States), BlueSnap (United States), SecurionPay (Switzerland), Skrill (United Kingdom), PayU (Netherlands), Zoho Checkout (India), BitPay (United States), Payoneer (United States), CardinalCommerce (United States), Payza (United Kingdom), Dwolla (United States), PayPro Global (Canada) and PaySimple (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Virtual Payment Terminal market by and Region.
On the basis of geography, the market of Virtual Payment Terminal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. SMEs will boost the Virtual Payment Terminal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Windows will boost the Virtual Payment Terminal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Restaurants will boost the Virtual Payment Terminal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Cloud-based will boost the Virtual Payment Terminal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Online Banking & Payment Transactions
Market Growth Drivers:
Growing Demand for Online Shopping, Rising Consumer Preference for Online Payments Over Traditional Cash Payment Methods and Growing Demand for Automation of Payment Process Across Different Industries
Challenges:
The Outbreak of COVID-19 is Expected to Decrease the Growth of the Market Due to Shutting Down of Different Industries Across the World
Opportunities:
Opportunities in the Asia-Pacific Region
In September 2018, Stripe the payments company, announced the launch of Stripe Terminal product which will enable online businesses and platforms to accept in-person payments with Stripe platform
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.