The North America Payment Orchestration Platform Market would witness market growth of 21.8% CAGR during the forecast period (2022-2028).
In order for customers to buy goods or services from a merchant, a payment processor is a service that manages credit and debit card transactions. Payment processing entails a number of procedures, including the payment processor connecting with merchants and customers' banks and sending payment information from cardholders' credit or debit cards. Ongoing transactions must have sufficient credit or funds in cardholders' accounts and be regarded as valid in order to be permitted and approved. The payment would be processed after these conditions are fulfilled. Additionally, the entire card lifecycle procedure can be finished in a matter of seconds.
The successful processing of payments is essential for businesses that accept online payments. After all, in order to keep expanding, businesses need to be paid for the goods and services they provide. Finding the appropriate payment method to convey digital transactions is a significant benefit of payment orchestration. Sending payments to multiple payment processors can, in fact, lead to more advantageous processing prices, reduce incorrect declines, and, ultimately, prevent revenue loss. Business owners can boost the number of authorized payments as well as conversions by routing transactions to the best payment processors.
The commercial bank investment in information technology (IT) equipment has increased very quickly, from $104 million in 1960 to more than $10 billion in 1994, according to the United States Department of Commerce. Along with these investments in hard technologies, such as computer software, hardware, and telecommunications equipment, there has also been a surge in soft technologies, such as complicated financial breakthroughs that would not have been conceivable on a wide scale without IT gear. Together with deregulation, these innovations are giving rise to new competitors, financial markets, and instruments, as well as a new function for commercial banks as financial service providers.
The US market dominated the North America Payment Orchestration Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $958.7 million by 2028. The Canada market is poised to grow at a CAGR of 24.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 23.5% during (2022 - 2028).
Based on Type, the market is segmented into B2B, B2C, and C2C. Based on End Use, the market is segmented into BFSI, E-commerce, Healthcare, Travel & Hospitality, and Others. Based on Functionalities, the market is segmented into Cross Border Transactions, Risk Management, and Advanced Analytics & Reporting. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Payment Orchestration Platform Market is Estimated to reach $3.7 Billion by 2028, at a CAGR of 22.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include CellPoint Digital Ltd., IXOLIT Group, Payoneer, Inc., APEXX Fintech Ltd., Rebilly, Spreedly, Inc., Modo Payments, LLC, Akurateco BV, BNT SOF, and aye4fin GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Type
By End Use
- BFSI
- E-commerce
- Healthcare
- Travel & Hospitality
- Others
By Functionalities
- Cross Border Transactions
- Risk Management
- Advanced Analytics & Reporting
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- CellPoint Digital Ltd.
- IXOLIT Group
- Payoneer, Inc.
- APEXX Fintech Ltd.
- Rebilly
- Spreedly, Inc.
- Modo Payments, LLC
- Akurateco BV
- BNT SOF
- aye4fin GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Payment Orchestration Platform Market, by Type
1.4.2 North America Payment Orchestration Platform Market, by End Use
1.4.3 North America Payment Orchestration Platform Market, by Functionalities
1.4.4 North America Payment Orchestration Platform Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Recent Industry Wide Strategic Developments
3.1.1 Partnerships, Collaborations and Agreements
3.1.2 Product Launches and Product Expansions
3.1.3 Acquisition and Mergers
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.2.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2020, Sep – 2022, Jun) Leading Players
Chapter 4. North America Payment Orchestration Platform Market by Type
4.1 North America B2B Market by Country
4.2 North America B2C Market by Country
4.3 North America C2C Market by Country
Chapter 5. North America Payment Orchestration Platform Market by End Use
5.1 North America BFSI Market by Country
5.2 North America E-commerce Market by Country
5.3 North America Healthcare Market by Country
5.4 North America Travel & Hospitality Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Payment Orchestration Platform Market by Functionalities
6.1 North America Cross Border Transactions Market by Country
6.2 North America Risk Management Market by Country
6.3 North America Advanced Analytics & Reporting Market by Country
Chapter 7. North America Payment Orchestration Platform Market by Country
7.1 US Payment Orchestration Platform Market
7.1.1 US Payment Orchestration Platform Market by Type
7.1.2 US Payment Orchestration Platform Market by End Use
7.1.3 US Payment Orchestration Platform Market by Functionalities
7.2 Canada Payment Orchestration Platform Market
7.2.1 Canada Payment Orchestration Platform Market by Type
7.2.2 Canada Payment Orchestration Platform Market by End Use
7.2.3 Canada Payment Orchestration Platform Market by Functionalities
7.3 Mexico Payment Orchestration Platform Market
7.3.1 Mexico Payment Orchestration Platform Market by Type
7.3.2 Mexico Payment Orchestration Platform Market by End Use
7.3.3 Mexico Payment Orchestration Platform Market by Functionalities
7.4 Rest of North America Payment Orchestration Platform Market
7.4.1 Rest of North America Payment Orchestration Platform Market by Type
7.4.2 Rest of North America Payment Orchestration Platform Market by End Use
7.4.3 Rest of North America Payment Orchestration Platform Market by Functionalities
Chapter 8. Company Profiles
8.1 CellPoint Digital Ltd.
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Partnerships, Collaborations, and Agreements:
8.2 IXOLIT Group
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.3 Payoneer, Inc.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Product Launches and Product Expansions:
8.3.2.2 Acquisition and Mergers:
8.4 APEXX Fintech Ltd.
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.5 Rebilly
8.5.1 Company Overview
8.6 Spreedly, Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.7 Modo Payments, LLC
8.7.1 Company Overview
8.8 Akurateco BV
8.8.1 Company Overview
8.9 BNT SOFT
8.9.1 Company Overview
8.10. aye4fin GmbH
8.10.1 Company Overview
TABLE 1 North America Payment Orchestration Platform Market, 2018 - 2021, USD Million
TABLE 2 North America Payment Orchestration Platform Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Payment Orchestration Platform Market
TABLE 4 Product Launches And Product Expansions– Payment Orchestration Platform Market
TABLE 5 Acquisition and Mergers– Payment Orchestration Platform Market
TABLE 6 North America Payment Orchestration Platform Market by Type, 2018 - 2021, USD Million
TABLE 7 North America Payment Orchestration Platform Market by Type, 2022 - 2028, USD Million
TABLE 8 North America B2B Market by Country, 2018 - 2021, USD Million
TABLE 9 North America B2B Market by Country, 2022 - 2028, USD Million
TABLE 10 North America B2C Market by Country, 2018 - 2021, USD Million
TABLE 11 North America B2C Market by Country, 2022 - 2028, USD Million
TABLE 12 North America C2C Market by Country, 2018 - 2021, USD Million
TABLE 13 North America C2C Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Payment Orchestration Platform Market by End Use, 2018 - 2021, USD Million
TABLE 15 North America Payment Orchestration Platform Market by End Use, 2022 - 2028, USD Million
TABLE 16 North America BFSI Market by Country, 2018 - 2021, USD Million
TABLE 17 North America BFSI Market by Country, 2022 - 2028, USD Million
TABLE 18 North America E-commerce Market by Country, 2018 - 2021, USD Million
TABLE 19 North America E-commerce Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Travel & Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Travel & Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Payment Orchestration Platform Market by Functionalities, 2018 - 2021, USD Million
TABLE 27 North America Payment Orchestration Platform Market by Functionalities, 2022 - 2028, USD Million
TABLE 28 North America Cross Border Transactions Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Cross Border Transactions Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Risk Management Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Risk Management Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Advanced Analytics & Reporting Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Advanced Analytics & Reporting Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Payment Orchestration Platform Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Payment Orchestration Platform Market by Country, 2022 - 2028, USD Million
TABLE 36 US Payment Orchestration Platform Market, 2018 - 2021, USD Million
TABLE 37 US Payment Orchestration Platform Market, 2022 - 2028, USD Million
TABLE 38 US Payment Orchestration Platform Market by Type, 2018 - 2021, USD Million
TABLE 39 US Payment Orchestration Platform Market by Type, 2022 - 2028, USD Million
TABLE 40 US Payment Orchestration Platform Market by End Use, 2018 - 2021, USD Million
TABLE 41 US Payment Orchestration Platform Market by End Use, 2022 - 2028, USD Million
TABLE 42 US Payment Orchestration Platform Market by Functionalities, 2018 - 2021, USD Million
TABLE 43 US Payment Orchestration Platform Market by Functionalities, 2022 - 2028, USD Million
TABLE 44 Canada Payment Orchestration Platform Market, 2018 - 2021, USD Million
TABLE 45 Canada Payment Orchestration Platform Market, 2022 - 2028, USD Million
TABLE 46 Canada Payment Orchestration Platform Market by Type, 2018 - 2021, USD Million
TABLE 47 Canada Payment Orchestration Platform Market by Type, 2022 - 2028, USD Million
TABLE 48 Canada Payment Orchestration Platform Market by End Use, 2018 - 2021, USD Million
TABLE 49 Canada Payment Orchestration Platform Market by End Use, 2022 - 2028, USD Million
TABLE 50 Canada Payment Orchestration Platform Market by Functionalities, 2018 - 2021, USD Million
TABLE 51 Canada Payment Orchestration Platform Market by Functionalities, 2022 - 2028, USD Million
TABLE 52 Mexico Payment Orchestration Platform Market, 2018 - 2021, USD Million
TABLE 53 Mexico Payment Orchestration Platform Market, 2022 - 2028, USD Million
TABLE 54 Mexico Payment Orchestration Platform Market by Type, 2018 - 2021, USD Million
TABLE 55 Mexico Payment Orchestration Platform Market by Type, 2022 - 2028, USD Million
TABLE 56 Mexico Payment Orchestration Platform Market by End Use, 2018 - 2021, USD Million
TABLE 57 Mexico Payment Orchestration Platform Market by End Use, 2022 - 2028, USD Million
TABLE 58 Mexico Payment Orchestration Platform Market by Functionalities, 2018 - 2021, USD Million
TABLE 59 Mexico Payment Orchestration Platform Market by Functionalities, 2022 - 2028, USD Million
TABLE 60 Rest of North America Payment Orchestration Platform Market, 2018 - 2021, USD Million
TABLE 61 Rest of North America Payment Orchestration Platform Market, 2022 - 2028, USD Million
TABLE 62 Rest of North America Payment Orchestration Platform Market by Type, 2018 - 2021, USD Million
TABLE 63 Rest of North America Payment Orchestration Platform Market by Type, 2022 - 2028, USD Million
TABLE 64 Rest of North America Payment Orchestration Platform Market by End Use, 2018 - 2021, USD Million
TABLE 65 Rest of North America Payment Orchestration Platform Market by End Use, 2022 - 2028, USD Million
TABLE 66 Rest of North America Payment Orchestration Platform Market by Functionalities, 2018 - 2021, USD Million
TABLE 67 Rest of North America Payment Orchestration Platform Market by Functionalities, 2022 - 2028, USD Million
TABLE 68 Key Information – CellPoint Digital Ltd.
TABLE 69 Key Information- IXOLIT Group
TABLE 70 Key Information – Payoneer, Inc.
TABLE 71 Key Information – APEXX Fintech Ltd.
TABLE 72 Key Information – Rebilly
TABLE 73 Key Information – Spreedly, Inc.
TABLE 74 Key Information – ModoPayments, LLC
TABLE 75 Key Information – Akurateco BV
TABLE 76 Key Information- BNT SOFT
TABLE 77 Key Information- aye4fin GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 3 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2020, Sep – 2022, Jun) Leading Players
FIG 4 Recent strategies and developments: Payoneer, Inc.