Payment Orchestration Platform Market Size, Share & Trends Report

Payment Orchestration Platform Market Size, Share & Trends Analysis Report By Type (B2B, B2C, C2C), By Functionality, By End-use (BFSI, Healthcare, E-Commerce), By Region, And Segment Forecasts, 2023 - 2030

Report ID: GVR-4-68039-958-2
Number of Pages: 120
Format: Electronic (PDF)

Historical Range: 2017 - 2021
Industry: Technology

Market Segmentation

Payment Orchestration Platform Type Outlook (Revenue, USD Billion, 2017 - 2030)
- B2B
- B2C
- C2C
Payment Orchestration Platform Functionality Outlook (Revenue, USD Billion, 2017 - 2030)
- Cross Border Transactions
- Risk Management
- Advanced Analytics & Reporting
Payment Orchestration Platform End-Use Outlook (Revenue, USD Billion, 2017 - 2030)
- BFSI
- E-commerce
- Healthcare
- Travel & Hospitality
- Others
Payment Orchestration Platform Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
  - North America Payment Orchestration Platform Market, by Type
    - B2B
    - B2C
    - C2C
  - North America Payment Orchestration Platform Market, by Functionality
    - Cross Border Transactions
    - Risk Management
    - Advanced Analytics & Reporting
  - North America Payment Orchestration Platform Market, by End-Use
    - BFSI
    - E-commerce
    - Healthcare
    - Travel & Hospitality
    - Others
  - U.S.
    - U.S. Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - U.S. Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - U.S. Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
  - Canada
    - Canada Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - Canada Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - Canada Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
- Europe
  - Europe Payment Orchestration Platform Market, by Type
    - B2B
    - B2C
    - C2C
  - Europe Payment Orchestration Platform Market, by Functionality
    - Cross Border Transactions
    - Risk Management
    - Advanced Analytics & Reporting
  - Europe Payment Orchestration Platform Market, by End-Use
    - BFSI
    - E-commerce
    - Healthcare
    - Travel & Hospitality
    - Others
  - UK
    - UK Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - UK Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - UK Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
  - Germany
    - Germany Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - Germany Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - Germany Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
  - France
    - France Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - France Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - France Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
- Asia Pacific
  - Asia Pacific Payment Orchestration Platform Market, by Type
    - B2B
    - B2C
    - C2C
  - Asia Pacific Payment Orchestration Platform Market, by Functionality
    - Cross Border Transactions
    - Risk Management
    - Advanced Analytics & Reporting
  - Asia Pacific Payment Orchestration Market, by End-Use
    - BFSI
    - E-commerce
    - Healthcare
    - Travel & Hospitality
    - Others
  - China
    - China Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - China Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - China Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
  - India
    - India Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - India Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - India Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
  - Japan
    - Japan Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - Japan Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - Japan Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
  - Australia
    - Australia Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - Australia Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - Australia Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
  - South Korea
    - South Korea Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - South Korea Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - South Korea Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
- Latin America
  - Latin America Payment Orchestration Platform Market, by Type
    - B2B
    - B2C
    - C2C
  - Latin America Payment Orchestration Platform Market, by Functionality
    - Cross Border Transactions
    - Risk Management
    - Advanced Analytics & Reporting
  - Latin America Payment Orchestration Platform Market, by End-Use
    - BFSI
    - E-commerce
    - Healthcare
    - Travel & Hospitality
    - Others
  - Brazil
    - Brazil Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - Brazil Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - Brazil Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
  - Mexico
    - Mexico Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - Mexico Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - Mexico Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
- MEA
  - MEA Payment Orchestration Platform Market, by Type
    - B2B
    - B2C
    - C2C
  - MEA Payment Orchestration Platform Market, by Functionality
    - Cross Border Transactions
    - Risk Management
    - Advanced Analytics & Reporting
  - MEA Payment Orchestration Platform Market, by End-Use
    - BFSI
    - E-commerce
    - Healthcare
    - Travel & Hospitality
    - Others
  - Kingdom Of Saudi Arabia
    - Kingdom Of Saudi Arabia Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - The Kingdom Of Saudi Arabia Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - The Kingdom Of Saudi Arabia Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
  - UAE
    - UAE Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - UAE Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - UAE Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others
  - South Africa
    - South Africa Payment Orchestration Platform Market, by Type
      - B2B
      - B2C
      - C2C
    - South Africa Payment Orchestration Platform Market, by Functionality
      - Cross Border Transactions
      - Risk Management
      - Advanced Analytics & Reporting
    - South Africa Payment Orchestration Platform Market, by End-Use
      - BFSI
      - E-commerce
      - Healthcare
      - Travel & Hospitality
      - Others

Payment Orchestration Platform Market Dynamics

Drivers: Growing E-Commerce Platforms

The rise in cost-effective solutions and the ease of online platforms are fueling online shopping trends, as noted by retailers. This trend has encouraged many sellers to adopt e-commerce platforms and software to enhance customer shopping experiences, broaden their customer base, and boost product and service sales. Furthermore, e-commerce platforms, by integrating online and mobile purchasing channels, provide a smooth customer experience. An e-commerce platform comprises all the necessary elements for retailers to expand and manage their online businesses without adding complexity to daily operations. These platforms simplify the buying process for customers, prevent technical glitches and system breakdowns, and offer easy troubleshooting. This allows retailers to focus on enhancing the sales process and increasing revenue. E-commerce platforms come with features such as user-friendly interfaces, design choices, storage management systems, security measures, payment processing, data consolidation, support, and promotional opportunities. As per SendPulse, a web automation company, the number of online retailers globally reached 7.1 million in 2021 and continues to grow. Most e-commerce companies are striving to improve customer experience by offering multiple payment options during checkout. For example, the Baymard 2021 study revealed that 18% of U.S. adults abandoned their carts if the checkout process was too complex or time-consuming.

Increasing Penetration Of Smartphones And Internet

The surge in smartphone usage for online transactions is a major contributor to the global demand for mobile e-commerce. This trend is particularly pronounced in countries such as India and China, where there has been a substantial uptake of smartphone payment solutions in recent years. As per Bain, a management consultancy, 80% of Chinese consumers used mobile phones for online transactions and purchases in 2019. To encourage the use of smartphone payment solutions, banks and payment solution providers are forming alliances. For example, Google extended its collaboration with U.S. banks such as Coastal Community Bank, BMO Harris, and First Independent Bank in August 2020. This partnership allowed customers to set up digital bank accounts via Google Pay and conduct transactions using their smartphones. Payment service providers are also partnering with government bodies to increase digital payments in the public sector. In November 2020, Judopay, a mobile payment technology provider, was chosen by the UK Government’s Crown Commercial Service’s (CCS) Payment Acceptance Framework. This was aimed at assisting public sector organizations in reducing costs and providing a smooth payment experience.

Restrains: Data Security Risks

Many e-commerce platforms are adopting payment orchestration platforms due to their advantages such as ease of use, adaptability, and expandability. As the shift towards digitalization grows, so do privacy concerns, which are becoming a barrier to market expansion. The rise in the digital delivery of financial goods and services puts customer’s digital data at risk. E-commerce sites, social media platforms, and apps need user data to offer effective services. However, some apps and social media platforms collect more data than users anticipate, leading to privacy and data violations. Payment orchestration platforms include payment methods such as credit cards, debit cards, and mobile wallets, all of which hold vital customer data that could be targeted by malicious actors. Contactless cards carry sensitive details such as payment card numbers. Payment companies dealing with sensitive data such as payment card details, credit card data, cardholder data, personal health information, and other important identifiable data are legally required to adhere to the guidelines and regulations established by regulatory bodies and government organizations. A data breach happens when a cybercriminal targets a data source and extracts confidential information either by accessing a computer or network to steal files or by remotely bypassing network security.

What Does This Report Include?

This section will provide insights into the contents included in this payment orchestration platform market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Payment orchestration platform market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Payment orchestration platform market quantitative analysis

Market size, estimates, and forecast from 2017 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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