Home > Media & Technology > Next Generation Technologies > Analytics and Business Intelligence > Payment Orchestration Platform Market

Payment Orchestration Platform Market Trends

Report ID: GMI6427
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

Payment Orchestration Platform Market Trends

The market is set to witness robust growth through 2032 owing to the rising consumer preference for diverse payment methods. With consumers embracing mobile wallets, cryptocurrencies, and alternative payment options alongside traditional cards, businesses seek platforms that can seamlessly integrate and manage these methods. Payment orchestration platforms offer the flexibility to cater to a wide range of payment preferences, enhancing customer convenience and satisfaction. As businesses adapt to evolving consumer behaviors and payment trends, the need for platforms that can accommodate will drive the adoption of payment orchestration platforms.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of payment orchestration platform reached USD 848.6 million in revenue in 2022 and is projected to observe 19.5% CAGR from 2023 to 2032, driven by the heightened focus on regulatory compliance.

B2C payment orchestration platform segment held over 35% of the market share in 2022, attributed to the shifting consumer preferences towards online shopping and digital payments.

North America market is anticipated to exhibit robust growth during 2023 to 2032, due to the presence of thriving digital economy and increasing e-commerce adoption.

Some of the top companies engaged in the industry are Akurateco, Spreedly, IXOLIT Group, Razorpay, Modo Payments, Aye4fin GmbH, BNT Soft, Payoneer Inc., CellPoint Digital, Stripe, APEXX Fintech Limited, and Rebilly.