Real-Time Payments Market Analysis

Payment (Person-to-Person, Person-to-Business)

The person-to-business segment is set to account for 52% share of the global real-time payments market by the end of 2037. The growth of this segment is highly influenced by the increasing penetration of e-commerce. In 2021, global retail e-commerce sales were to be around USD 5.2 trillion. The segment's growth is anticipated to be fueled by the ongoing expansion of e-commerce and online product sales. Businesses may increase consumer satisfaction by using P2B payments. As regulatory changes have changed, the P2B model has been accelerating. The following influx of enormous volumes is required to make real-time costs less expensive than cards are promised by both retail and online bill payments.

Deployment (Cloud, On-Premises)

The cloud segment is poised to grow substantially in the time period during the forecasted timeframe. The growth of this market can be attributed to the increasing use of smartphone-based payment solutions all over the globe. Besides, many fintech brands are working on cross-border payment platforms by adopting cloud-based platforms so that they can offer the customer with better user experience.

Our in-depth analysis of the global market includes the following segments: