Unified Payments Interface (UPI) Market Size In India to Grow by USD 65.49 Tn, Global Specialized Consumer Services Market Considered as Parent Market - Technavio
NEW YORK, Oct. 28, 2022 /PRNewswire/ -- The unified payments interface (UPI) market in India has been categorized as a part of the global specialized consumer services market. The parent global specialized consumer services market covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation, and interior design services, consumer auction services, wedding services, and funeral services.
The report offers an up-to-date analysis regarding the overall market environment, the current market scenario, and the latest trends and drivers. Request Latest FREE PDF Sample Report
Unified Payments Interface (UPI) Market in India 2022-2026: Scope
The unified payments interface (UPI) market in India report covers the following areas:
Subscribe to our "Lite Plan" billed annually at USD 3000 which enables you to download 3 reports a year and view 3 reports every month.
Unified Payments Interface (UPI) Market in India 2022-2026: Vendor Landscape
The market is characterized by the presence of many diversified players. The vendors are competing based on terms of quality of service, technology, and promotional offers. The market is currently witnessing rapid growth and therefore expected to attract new entrants in the market during the forecast period and thereby increasing the rivalry during the forecast period.
Alphabet Inc., Amazon.com Inc., Apple Inc., Axis Bank Ltd., Bank of Baroda, Bharti Airtel Ltd., Central Bank of India, Dreamplug Technologies Pvt. Ltd., HDFC Bank Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., Meta Platforms Inc., One MobiKwik System Pvt. Ltd., One97 Communications Ltd., Reliance Industries Ltd., Samsung Electronics Co. Ltd., South Indian Bank Ltd., State Bank of India, Union Bank of India, Walmart Inc., and Yes Bank are among some of the major market participants.
Unified Payments Interface (UPI) Market in India 2022-2026: Segmentation
The unified payments interface (UPI) market share growth in India by the money transfer segment will be significant during the forecast period. The increasing demand for instant money transfers in India is expected to increase the demand for UPI from end-users during the forecast period. The users of UPI can transfer money through their mobile devices round the clock, 24x7 and 365 days. In addition, UPI is a fast, hassle-free, and cheapest way of money transfer, which the user can do anytime from anywhere. Moreover, money transfers/transactions can be initiated from any bank's UPI application. Hence, owing to these factors, the demand for UPI for transferring money is expected to increase during the forecast period.
To gain further insights on the market contribution of various segments, Buy Now our Full Report.
Unified Payments Interface (UPI) Market in India 2022-2026: Key Highlights
Payment Gateways Market by End-user and Geography – Forecast and Analysis 2021-2025: The payment gateways market share is expected to increase by USD 6.11 billion from 2020 to 2025.
Software Market by Type and Geography - Forecast and Analysis 2021-2025: The software market share should rise by USD 250.35 billion from 2020 to 2025.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Type
7 Customer Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/unified-payments-interface-upi-market-size-in-india-to-grow-by-usd-65-49-tn-global-specialized-consumer-services-market-considered-as-parent-market--technavio-301661618.html
Session Details TBA
ITEXPO, MSP Expo, The Blockchain Event, Future of Work Conference Sessions
Coverage is Critical in IoT Deployments