Payment Orchestration Platform Market Size, Trends and Insights By Type (Payment Gateway, Payment Processor, Payment Aggregator), By Deployment (On-premise, Cloud-based), By End-User (Retail, E-commerce, Hospitality, Healthcare, Others), By Transaction Type (Online Payments, In-store Payments, Mobile Payments), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI36222

Published Date: December 2023

Pages: 320+

Category: Technology

Report Snapshot

CAGR: 25.6%
1.10B
2022
1.45B
2023
6.97B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Adyen N.V.
  • Stripe Inc.
  • Braintree (a PayPal Service)
  • Checkout.com
  • Global Payments Inc.
  • Others

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Reports Description

The Global Payment Orchestration Platform Market is poised for substantial growth from 2023 to 2032, driven by the increasing complexity of payment ecosystems, the rise of online transactions, and the need for streamlined payment processes.

The market is expected to achieve a Compound Annual Growth Rate (CAGR) of approximately 25.6% during this period. In 2023, the market is estimated to be valued at USD 1.45 Billion, and it is projected to reach USD 6.97 Billion by 2032.

Payment orchestration platforms play a pivotal role in optimizing payment operations, ensuring seamless transactions, and providing businesses with the flexibility to adapt to evolving payment methods.

Factors Influencing the Payment Orchestration Platform Market Growth:

Payment Ecosystem Complexity:

  • Payment Gateway: Payment gateways facilitate the secure and smooth transmission of payment data between merchants and payment processors, ensuring compliance with security standards.
  • Payment Processor: Payment processors manage the authorization, settlement, and clearing of transactions, connecting merchants with financial institutions to complete payments.
  • Payment Aggregator: Payment aggregators consolidate transactions from multiple merchants, simplifying the payment process and reducing complexity for smaller businesses.

Deployment Flexibility:

  • On-premise: On-premise deployment allows businesses to have direct control over their payment infrastructure, suitable for those with specific security or regulatory requirements.
  • Cloud-based: Cloud-based deployment offers scalability, flexibility, and accessibility, enabling businesses to adapt quickly to changing payment trends and customer preferences.

Diverse End-User Landscape:

  • Retail: Payment orchestration platforms in the retail sector streamline transactions, enhance the customer experience, and support various payment methods, including contactless and mobile payments.
  • E-commerce: E-commerce businesses benefit from payment orchestration platforms by efficiently managing online transactions, reducing cart abandonment, and ensuring a secure payment environment.
  • Hospitality: In the hospitality industry, payment orchestration platforms facilitate seamless payment processes in hotels, restaurants, and other establishments, contributing to a positive customer experience.
  • Healthcare: Payment orchestration solutions in healthcare streamline billing processes, enhance patient payment experiences, and ensure compliance with healthcare payment regulations.

Transaction Type Variability:

  • Online Payments: Payment orchestration platforms optimize online payment processes, providing a range of payment options and ensuring secure transactions for e-commerce and online services.
  • In-store Payments: In physical retail environments, payment orchestration platforms enable a smooth in-store payment experience, supporting traditional card payments as well as emerging methods.
  • Mobile Payments: With the increasing popularity of mobile wallets and contactless payments, payment orchestration platforms play a crucial role in facilitating secure and convenient mobile transactions.

Integration with Emerging Technologies:

  • Integration with AI and Machine Learning: Payment orchestration platforms leverage AI and machine learning to enhance fraud detection, personalize user experiences, and optimize transaction approval processes.
  • Blockchain Integration: Blockchain technology is explored for its potential to enhance the security and transparency of payment transactions, contributing to the evolution of payment orchestration platforms.

Global Regulatory Landscape:

  • Compliance with Payment Regulations: Payment orchestration platforms must adhere to regional and international payment regulations to ensure secure and compliant transactions, building trust among businesses and consumers.
  • Payment Security Standards: Adherence to payment security standards, such as PCI DSS, is essential for payment orchestration platforms to safeguard sensitive payment information.

Market Expansion and Industry Collaboration:

  • Global Market Reach: The globalization of businesses and the increasing demand for cross-border payments drive the adoption of payment orchestration platforms with capabilities to handle diverse currencies and payment methods.
  • Industry Collaboration: Collaboration among payment service providers, fintech companies, and traditional financial institutions fosters innovation and contributes to the growth of the payment orchestration platform market.

Focus on Customer Experience:

  • Enhanced User Interfaces: User-friendly interfaces and seamless payment experiences contribute to customer satisfaction, and payment orchestration platforms focus on providing intuitive interfaces for both merchants and consumers.
  • Personalization: Payment orchestration platforms explore personalization features to tailor payment experiences based on user preferences, contributing to higher customer loyalty.

Global Payment Orchestration Platform Market – Mergers and Acquisitions:

Adyen N.V.’s Acquisition of PPRO Financial Ltd.:

  • Details: Adyen, a global payment company, acquired PPRO Financial Ltd., a cross-border payment platform.
  • Impact: The acquisition strengthens Adyen’s position in the payment orchestration market, enabling it to provide enhanced cross-border payment capabilities to its clients.

Stripe Inc.’s Partnership with Citcon Inc.:

  • Details: Stripe, a leading online payment platform, entered into a partnership with Citcon, a global payment gateway.
  • Impact: The collaboration expands Stripe’s payment options, allowing merchants to accept a wide range of payment methods and currencies, enhancing the platform’s global reach.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Payment Orchestration Platform Market Wearable Payment Devices Market Credit Card Payments Market
CAGR 25.6% (Approx) CAGR 30% (Approx) CAGR 9.1% (Approx)
USD 6.97 Billion by 2032 USD 165 Billion by 2032 USD 286.5 Billion by 2032

Challenges Impacting the Payment Orchestration Platform Market:

Payment Security and Fraud Prevention:

  • Challenge: The increasing sophistication of cyber threats and fraud attempts poses challenges for payment orchestration platforms in ensuring robust security measures.
  • Impact: Implementing advanced security features, encryption technologies, and continuous monitoring is crucial to mitigate the risks associated with payment fraud.

Regulatory Compliance and Standards:

  • Challenge: Evolving and varied regulatory frameworks globally require payment orchestration platforms to adapt and comply with different standards, adding complexity to operations.
  • Impact: Continuous monitoring of regulatory changes, proactive compliance efforts, and collaboration with regulatory bodies are essential to navigate the dynamic regulatory landscape.

Integration Complexity with Legacy Systems:

  • Challenge: Integrating payment orchestration platforms with existing legacy systems can be complex and time-consuming, hindering the seamless flow of data and transactions.
  • Impact: Robust integration strategies, middleware solutions, and collaboration with experienced system integrators are critical to overcoming integration challenges.

Dynamic Market Trends and Emerging Technologies:

  • Challenge: The rapid evolution of payment technologies, including blockchain, cryptocurrencies, and new payment methods, requires payment orchestration platforms to stay agile and adaptable.
  • Impact: Investment in research and development, strategic partnerships, and a flexible architecture are necessary to keep pace with emerging market trends and technologies.

Market Competition and Differentiation:

  • Challenge: The payment orchestration platform market is highly competitive, with numerous providers offering similar services, making differentiation challenging.
  • Impact: Continuous innovation, unique features, and a focus on providing value-added services contribute to standing out in a crowded market.

Cross-Border Payment Complexity:

  • Challenge: Managing cross-border payments involves addressing currency conversion, compliance with diverse regulations, and adapting to regional payment preferences.
  • Impact: Payment orchestration platforms that offer comprehensive cross-border capabilities, including multicurrency support and compliance management, gain a competitive edge.

Consumer Trust and User Education:

  • Challenge: Building and maintaining trust among consumers regarding the security and reliability of payment orchestration platforms requires ongoing efforts.
  • Impact: Transparent communication, user education on security measures, and responsiveness to consumer concerns contribute to building and sustaining trust.

Adoption Barriers in Certain Industries:

  • Challenge: Some industries may face resistance or barriers to adopting payment orchestration platforms due to industry-specific challenges, preferences, or regulations.
  • Impact: Industry-specific customization, targeted education efforts, and collaboration with industry leaders can address barriers and encourage adoption.

Integration with Emerging Technologies:

  • Challenge: Integrating payment orchestration platforms with emerging technologies, such as blockchain and AI, may pose technical challenges and require continuous updates.
  • Impact: Collaboration with technology partners, investing in skilled personnel, and adopting modular architectures contribute to successful integration with emerging technologies.

Data Privacy and GDPR Compliance:

  • Challenge: Ensuring compliance with data privacy regulations, including GDPR, is crucial for payment orchestration platforms handling sensitive customer information.
  • Impact: Robust data protection measures, transparent data handling policies, and proactive compliance efforts are essential to address data privacy challenges.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 1.45 Billion
Projected Market Size in 2032 USD 6.97 Billion
Market Size in 2022 USD 1.10 Billion
CAGR Growth Rate 25.6% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Deployment, End-User, Transaction Type and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Segmentation Analysis of the Payment Orchestration Platform Market:

By Type:

  • Payment Gateway: Facilitates secure transmission of payment data between merchants and payment processors, ensuring compliance with security standards.
  • Payment Processor: Manages authorization, settlement, and clearing of transactions, connecting merchants with financial institutions to complete payments.
  • Payment Aggregator: Consolidates transactions from multiple merchants, simplifying the payment process and reducing complexity for smaller businesses.

By Deployment:

  • On-premise: Direct control over payment infrastructure, suitable for businesses with specific security or regulatory requirements.
  • Cloud-based: Offers scalability, flexibility, and accessibility, enabling businesses to adapt quickly to changing payment trends and customer preferences.

Global Payment Orchestration Platform Market 2023–2032 (By Billion)

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By End-User:

  • Retail: Streamlines transactions, enhances customer experience, and supports various payment methods, including contactless and mobile payments.
  • E-commerce: Efficiently manages online transactions, reduces cart abandonment, and ensures a secure payment environment for e-commerce businesses.
  • Hospitality: Facilitates seamless payment processes in hotels, restaurants, and other establishments, contributing to a positive customer experience in the hospitality industry.
  • Healthcare: Streamlines billing processes, enhances patient payment experiences, and ensures compliance with healthcare payment regulations in the healthcare sector.

By Transaction Type:

  • Online Payments: Optimizes online payment processes, providing a range of payment options and ensuring secure transactions for e-commerce and online services.
  • In-store Payments: Enables a smooth in-store payment experience, supporting traditional card payments as well as emerging methods in physical retail environments.
  • Mobile Payments: Facilitates secure and convenient mobile transactions, supporting the increasing popularity of mobile wallets and contactless payments.

Global Payment Orchestration Platform Market 2023–2032 (By Deployment)

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Regional Analysis of the Payment Orchestration Platform Market:

North America:

  • Market Overview: North America leads in adopting payment orchestration platforms, driven by the mature retail and e-commerce sectors, technological advancements, and a focus on enhancing payment experiences.
  • Factors Driving Growth: Robust technological infrastructure, a highly digitized consumer landscape, and the presence of key industry players contribute to the growth of the payment orchestration platform market in North America.

Europe:

  • Market Overview: Europe emphasizes the integration of payment orchestration platforms in various industries, with a focus on improving payment efficiency, and compliance, and supporting diverse payment methods.
  • Factors Driving Growth: A strong regulatory framework, collaborative efforts in standardization, and a diverse business landscape contribute to the growth of the payment orchestration platform market in Europe.

Asia-Pacific:

  • Market Overview: The Asia-Pacific region experiences significant growth in the payment orchestration platform market, driven by the expansion of digital payments, increasing e-commerce activities, and the adoption of advanced payment solutions.
  • Factors Driving Growth: Rapid urbanization, a growing middle-class population, and government initiatives to promote digital payments contribute to the increasing demand for payment orchestration platforms in Asia-Pacific.

Latin America:

  • Market Overview: Latin America shows a growing interest in adopting payment orchestration platforms, particularly in the retail and e-commerce sectors, as businesses seek to enhance payment processes and support diverse payment methods.
  • Factors Driving Growth: Economic development, rising consumer preferences for digital payments, and investments in modernizing payment infrastructure contribute to the growth of the payment orchestration platform market in Latin America.

Middle East and Africa:

  • Market Overview: The Middle East and Africa witness an increasing adoption of payment orchestration platforms in sectors such as hospitality, healthcare, and retail, driven by a focus on digital transformation and enhancing customer experiences.
  • Factors Driving Growth: Government initiatives supporting digitalization, a push for smart city projects, and the need for efficient payment management contribute to the growth of payment orchestration technology in the Middle East and Africa.

Key Observations:

  • Technological Advancements: Ongoing technological advancements in payment orchestration platforms, including AI-driven features, blockchain integration, and enhanced security measures, contribute to market evolution.
  • Application-Specific Solutions: Payment orchestration platforms continue to offer solutions tailored to specific industries, such as retail, e-commerce, healthcare, and hospitality, to address unique payment challenges.
  • Global Collaboration Trends: Collaboration and partnerships between payment service providers, fintech companies, and traditional financial institutions are crucial in driving innovation and market expansion.
  • Technological Convergence: The convergence of payment orchestration platforms with other emerging technologies, such as AI, blockchain, and IoT, enhances their capabilities and opens new avenues for applications.

Global Payment Orchestration Platform Market 2023–2032 (By Type)

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List of the prominent players in the Payment Orchestration Platform Market:

  • Adyen N.V.
  • Stripe Inc.
  • Braintree (a PayPal Service)
  • Checkout.com
  • Global Payments Inc.
  • Fiserv Inc.
  • Ingenico Group
  • Square Inc.
  • 2Checkout (now Verifone)
  • Ayden Payments B.V.
  • BlueSnap Inc.
  • PPRO Financial Ltd.
  • Tipalti Ltd.
  • Citcon Inc.
  • Celero Commerce
  • Others

The Payment Orchestration Platform Market is segmented as follows:

By Type

  • Payment Gateway
  • Payment Processor
  • Payment Aggregator

By Deployment

  • On-premise
  • Cloud-based

By End-User

  • Retail
  • E-commerce
  • Hospitality
  • Healthcare
  • Others

By Transaction Type

  • Online Payments
  • In-store Payments
  • Mobile Payments

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Payment Orchestration Platform Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Payment Orchestration Platform Market: snapshot
  • Chapter 3. Global Payment Orchestration Platform Market – Industry Analysis
    • 3.1 Payment Orchestration Platform Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Payment Ecosystem Complexity
      • 3.2.2 Deployment Flexibility
      • 3.2.3 Diverse End-User Landscape
      • 3.2.4 Transaction Type Variability
      • 3.2.5 Integration with Emerging Technologies
      • 3.2.6 Global Regulatory Landscape
      • 3.2.7 Market Expansion and Industry Collaboration
      • 3.2.8 Focus on Customer Experience.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Deployment
      • 3.7.3 Market Attractiveness Analysis By End-User
      • 3.7.4 Market Attractiveness Analysis By Transaction Type
  • Chapter 4. Global Payment Orchestration Platform Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Payment Orchestration Platform Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Payment Orchestration Platform Market – Type Analysis
    • 5.1 Global Payment Orchestration Platform Market Overview: By Type
      • 5.1.1 Global Payment Orchestration Platform Market Share, By Type, 2022 and 2032
    • 5.2 Payment Gateway
      • 5.2.1 Global Payment Orchestration Platform Market by Payment Gateway, 2023 – 2032 (USD Billion)
    • 5.3 Payment Processor
      • 5.3.1 Global Payment Orchestration Platform Market by Payment Processor, 2023 – 2032 (USD Billion)
    • 5.4 Payment Aggregator
      • 5.4.1 Global Payment Orchestration Platform Market by Payment Aggregator, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Payment Orchestration Platform Market – Deployment Analysis
    • 6.1 Global Payment Orchestration Platform Market Overview: By Deployment
      • 6.1.1 Global Payment Orchestration Platform Market Share, By Deployment, 2022 and 2032
    • 6.2 On-premise
      • 6.2.1 Global Payment Orchestration Platform Market by On-premise, 2023 – 2032 (USD Billion)
    • 6.3 Cloud-based
      • 6.3.1 Global Payment Orchestration Platform Market by Cloud-based, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Payment Orchestration Platform Market – End-User Analysis
    • 7.1 Global Payment Orchestration Platform Market Overview: By End-User
      • 7.1.1 Global Payment Orchestration Platform Market Share, By End-User, 2022 and 2032
    • 7.2 Retail
      • 7.2.1 Global Payment Orchestration Platform Market by Retail, 2023 – 2032 (USD Billion)
    • 7.3 E-commerce
      • 7.3.1 Global Payment Orchestration Platform Market by E-commerce, 2023 – 2032 (USD Billion)
    • 7.4 Hospitality
      • 7.4.1 Global Payment Orchestration Platform Market by Hospitality, 2023 – 2032 (USD Billion)
    • 7.5 Healthcare
      • 7.5.1 Global Payment Orchestration Platform Market by Healthcare, 2023 – 2032 (USD Billion)
    • 7.6 Others
      • 7.6.1 Global Payment Orchestration Platform Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 8. Global Payment Orchestration Platform Market – Transaction Type Analysis
    • 8.1 Global Payment Orchestration Platform Market Overview: By Transaction Type
      • 8.1.1 Global Payment Orchestration Platform Market Share, By Transaction Type, 2022 and 2032
    • 8.2 Online Payments
      • 8.2.1 Global Payment Orchestration Platform Market by Online Payments, 2023 – 2032 (USD Billion)
    • 8.3 In-store Payments
      • 8.3.1 Global Payment Orchestration Platform Market by In-store Payments, 2023 – 2032 (USD Billion)
    • 8.4 Mobile Payments
      • 8.4.1 Global Payment Orchestration Platform Market by Mobile Payments, 2023 – 2032 (USD Billion)
  • Chapter 9. Payment Orchestration Platform Market – Regional Analysis
    • 9.1 Global Payment Orchestration Platform Market Regional Overview
    • 9.2 Global Payment Orchestration Platform Market Share, by Region, 2022 & 2032 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Payment Orchestration Platform Market, 2023 – 2032 (USD Billion)
        • 9.3.1.1 North America Payment Orchestration Platform Market, by Country, 2023 – 2032 (USD Billion)
    • 9.4 North America Payment Orchestration Platform Market, by Type, 2023 – 2032
      • 9.4.1 North America Payment Orchestration Platform Market, by Type, 2023 – 2032 (USD Billion)
    • 9.5 North America Payment Orchestration Platform Market, by Deployment, 2023 – 2032
      • 9.5.1 North America Payment Orchestration Platform Market, by Deployment, 2023 – 2032 (USD Billion)
    • 9.6 North America Payment Orchestration Platform Market, by End-User, 2023 – 2032
      • 9.6.1 North America Payment Orchestration Platform Market, by End-User, 2023 – 2032 (USD Billion)
    • 9.7 North America Payment Orchestration Platform Market, by Transaction Type, 2023 – 2032
      • 9.7.1 North America Payment Orchestration Platform Market, by Transaction Type, 2023 – 2032 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe Payment Orchestration Platform Market, 2023 – 2032 (USD Billion)
        • 9.8.1.1 Europe Payment Orchestration Platform Market, by Country, 2023 – 2032 (USD Billion)
    • 9.9 Europe Payment Orchestration Platform Market, by Type, 2023 – 2032
      • 9.9.1 Europe Payment Orchestration Platform Market, by Type, 2023 – 2032 (USD Billion)
    • 9.10 Europe Payment Orchestration Platform Market, by Deployment, 2023 – 2032
      • 9.10.1 Europe Payment Orchestration Platform Market, by Deployment, 2023 – 2032 (USD Billion)
    • 9.11 Europe Payment Orchestration Platform Market, by End-User, 2023 – 2032
      • 9.11.1 Europe Payment Orchestration Platform Market, by End-User, 2023 – 2032 (USD Billion)
    • 9.12 Europe Payment Orchestration Platform Market, by Transaction Type, 2023 – 2032
      • 9.12.1 Europe Payment Orchestration Platform Market, by Transaction Type, 2023 – 2032 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Payment Orchestration Platform Market, 2023 – 2032 (USD Billion)
        • 9.13.1.1 Asia Pacific Payment Orchestration Platform Market, by Country, 2023 – 2032 (USD Billion)
    • 9.14 Asia Pacific Payment Orchestration Platform Market, by Type, 2023 – 2032
      • 9.14.1 Asia Pacific Payment Orchestration Platform Market, by Type, 2023 – 2032 (USD Billion)
    • 9.15 Asia Pacific Payment Orchestration Platform Market, by Deployment, 2023 – 2032
      • 9.15.1 Asia Pacific Payment Orchestration Platform Market, by Deployment, 2023 – 2032 (USD Billion)
    • 9.16 Asia Pacific Payment Orchestration Platform Market, by End-User, 2023 – 2032
      • 9.16.1 Asia Pacific Payment Orchestration Platform Market, by End-User, 2023 – 2032 (USD Billion)
    • 9.17 Asia Pacific Payment Orchestration Platform Market, by Transaction Type, 2023 – 2032
      • 9.17.1 Asia Pacific Payment Orchestration Platform Market, by Transaction Type, 2023 – 2032 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America Payment Orchestration Platform Market, 2023 – 2032 (USD Billion)
        • 9.18.1.1 Latin America Payment Orchestration Platform Market, by Country, 2023 – 2032 (USD Billion)
    • 9.19 Latin America Payment Orchestration Platform Market, by Type, 2023 – 2032
      • 9.19.1 Latin America Payment Orchestration Platform Market, by Type, 2023 – 2032 (USD Billion)
    • 9.20 Latin America Payment Orchestration Platform Market, by Deployment, 2023 – 2032
      • 9.20.1 Latin America Payment Orchestration Platform Market, by Deployment, 2023 – 2032 (USD Billion)
    • 9.21 Latin America Payment Orchestration Platform Market, by End-User, 2023 – 2032
      • 9.21.1 Latin America Payment Orchestration Platform Market, by End-User, 2023 – 2032 (USD Billion)
    • 9.22 Latin America Payment Orchestration Platform Market, by Transaction Type, 2023 – 2032
      • 9.22.1 Latin America Payment Orchestration Platform Market, by Transaction Type, 2023 – 2032 (USD Billion)
    • 9.23. The Middle East and Africa
      • 9.23.1 The Middle-East and Africa Payment Orchestration Platform Market, 2023 – 2032 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa Payment Orchestration Platform Market, by Country, 2023 – 2032 (USD Billion)
    • 9.24 The Middle-East and Africa Payment Orchestration Platform Market, by Type, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Payment Orchestration Platform Market, by Type, 2023 – 2032 (USD Billion)
    • 9.25 The Middle-East and Africa Payment Orchestration Platform Market, by Deployment, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Payment Orchestration Platform Market, by Deployment, 2023 – 2032 (USD Billion)
    • 9.26 The Middle-East and Africa Payment Orchestration Platform Market, by End-User, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Payment Orchestration Platform Market, by End-User, 2023 – 2032 (USD Billion)
    • 9.27 The Middle-East and Africa Payment Orchestration Platform Market, by Transaction Type, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Payment Orchestration Platform Market, by Transaction Type, 2023 – 2032 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 Adyen N.V.
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Stripe Inc.
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Braintree (a PayPal Service)
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Checkout.com
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Global Payments Inc.
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Fiserv Inc.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Ingenico Group (acquired by Worldline)
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Square Inc.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 2Checkout (now Verifone)
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Ayden Payments B.V.
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 BlueSnap Inc.
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 PPRO Financial Ltd.
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Tipalti Ltd.
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Citcon Inc.
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Celero Commerce
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 31

List Of Tables

Tables No 1 to 102

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Adyen N.V.
  • Stripe Inc.
  • Braintree (a PayPal Service)
  • com
  • Global Payments Inc.
  • Fiserv Inc.
  • Ingenico Group
  • Square Inc.
  • 2Checkout (now Verifone)
  • Ayden Payments B.V.
  • BlueSnap Inc.
  • PPRO Financial Ltd.
  • Tipalti Ltd.
  • Citcon Inc.
  • Celero Commerce
  • Others

FAQs

The key factors driving the Market are Payment Ecosystem Complexity, Deployment Flexibility, Diverse End-User Landscape, Transaction Type Variability, Integration with Emerging Technologies, Global Regulatory Landscape, Market Expansion and Industry Collaboration And Focus on Customer Experience.

The “Payment Gateway” category dominated the market in 2022.

The key players in the market are Adyen N.V., Stripe Inc., Braintree (a PayPal Service), Checkout.com, Global Payments Inc., Fiserv Inc., Ingenico Group (acquired by Worldline), Square Inc., 2Checkout (now Verifone), Ayden Payments B.V., BlueSnap Inc., PPRO Financial Ltd., Tipalti Ltd., Citcon Inc., Celero Commerce, Others.

“North America” had the largest share in the Payment Orchestration Platform Market.

The global market is projected to grow at a CAGR of 25.6% during the forecast period, 2023-2032.

The Payment Orchestration Platform Market size was valued at USD 1.45 Billion in 2023.

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