Global Installment Payment Solution Market Overview:
The global installment payment solutions market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Rising adoption of online payment solutions and increasing demand for installment based transactions worldwide are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
As per latest study released by AMA Research, the Global Installment Payment Solution market is expected to see growth rate of 5.4%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Implementation of Artificial Intelligence (AI) Installment Payment Solutions
Market Growth Drivers:
Rising Adoption of Online Payment Solutions and Increasing Demand for Installment-based Transactions
Challenges:
Short-term Challenges due to Reduced Operations Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
Restraints:
Slow Down in the Global Economy Leading to Lowered Purchase & Business Transactions
Opportunities:
Opportunities in the Asia Pacific Region
Competitive Landscape:
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Affirm (United States), Afterpay (Australia), Easy Pay Private Ltd. (India), GoCardLess (United Kingdom), J2Store (Singapore), Kiva (United States), Klarna (Sweden), Partially LLC (United States), PAYFORT INTERNATIONAL FZ LLC (United Arab Emirates), PayPal (United States), Sezzle (United States), Splitit Payments Ltd. (United States) and ViaBill, Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Installment Payment Solution market by 2030. Considering Market by Enterprise SIze, the sub-segment i.e. SMEs will boost the Installment Payment Solution market. Considering Market by Platform, the sub-segment i.e. Windows will boost the Installment Payment Solution market. Considering Market by Transaction, the sub-segment i.e. B2B will boost the Installment Payment Solution market. Considering Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Installment Payment Solution market.
Latest Market Insights:
In February 2024, Episode Six (E6) joined the Mastercard Engage program for its installment solution in Europe. This partnership aims to enable traditional issuers to offer new installment solutions without disrupting existing services.
In September 2023, Episode Six also announced a new installment payment plan for businesses called "Business Now, Pay Later", which allows commercial banks to offer tailored installment offerings to small and medium-sized businesses.
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for Installment Payment Solutions
Analyst View
Since the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the installment payment solutions market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
What Can be Explored with the Installment Payment Solution Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Installment Payment Solution Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Installment Payment Solution
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Installment Payment Solution market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Installment Payment Solution market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Service Provider, Government Bodies, New Entrants, Potential Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.