Growing digital transformation and expansion of the e-commerce sector is expected to drive the global payment processing solutions market during the forecast period. Digitalization has surged the adoption of smartphones and online businesses and increased the need for internet services across the globe. Digitalization mandates businesses to perform business activities online to attract more consumers […]
Trade Credit Insurance Market was valued at US$ 14.19 Million in 2023 and is expected to reach to US$ 27.56 Million by 2031; it is estimated to record a CAGR of 8.7% from 2023 to 2031
Rise in Inflation and High Interest Rates Fuels Trade Credit Insurance Market Growth Inflation and high interest rates lead to financial vulnerabilities even when the business volume is not increasing. Rising business costs result in a higher risk of bad debts and counterparty default, which boosts the demand for trade credit insurance among businesses to […]
Aviation Fuel Card Market was valued at US$ 2,459.07 Million in 2022 and is expected to reach to US$ 4,743.44 Million by 2030; it is estimated to record a CAGR of 8.6% from 2022 to 2030
Fuel is considered one of the most expensive aspects of organizing a flight. Fuel price hikes have a significant impact on airlines. Aircraft use 3–3.5 liters of fuel per 100 passengers per kilometer. As a result, in the current market, fuel expenses account for 20–25% of overall costs and can occasionally surpass 30%. The fuel […]
Revenue Assurance for BFSI Market was valued at US$ 409.92 Million in 2023 and is expected to reach to US$ 905.08 Million by 2031; it is estimated to record a CAGR of 10.4% from 2023 to 2031
Growing Technological Adoption in Banking Sector Fuels Revenue Assurance for BFSI Market Growth Digital adoption in banking is the process of integrating and using digital technology and solutions to improve client experiences, streamline operations, and increase overall efficiency in the banking business.As more banking transactions move online and via digital channels such as mobile banking […]
Voice-based Payments Market was valued at US$ 6.47 Billion in 2022 and is expected to reach to US$ 14.37 Billion by 2030; it is estimated to record a CAGR of 10.5% from 2022 to 2030
Increasing Demand for Contactless Payments to Fuel Voice-based Payments Market Growth During Forecast Period With rising requirements for convenience and efficiency, the demand for contactless payments has increased tremendously. As the adoption of digital payment methods continues to surge, contactless payment is a new method that revolutionizes the way consumers transact voice-based payments. Contactless payments […]