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Report

Project Portfolio Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Report I 2023-05-29 I 143 Pages I IMARC Group

Market Overview:

The global project portfolio management market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.0 Billion by 2028, exhibiting a growth rate (CAGR) of 9.8% during 2023-2028. The growing demand to manage liquidity and enhance the rate of investment (ROI), rising usage of cloud-based services for remote monitoring and real-time data analysis, and increasing need to reduce project costs and failure represent some of the key factors driving the market.

Project portfolio management (PPM) relies on several tools and solutions to manage tasks and analyze return that is associated with a project. It is cost-effective and increases efficiency while offering enhanced visibility, governance, and transparency. It provides real-time project progress or updates and controls workload management in an organization efficiently. It closely monitors and reviews changes, eliminates inefficiency, and maximizes returns. It also improves decision-making, enhances accountability, and easily tracks business priorities. It assists in forecasting the risks and returns to keep the portfolio balanced and focused on achieving increased productivity. It also aids in maintaining a portfolio aligned with the business strategy, objectives, and goals of an organization. Besides this, it is beneficial in predicting problems, managing budgets, enhancing communication, and increasing timely project deliveries. As a result, PPM is widely employed in the energy and utility, defense, information and technology (IT), telecommunication, manufacturing, healthcare, and banking, financial services, and insurance (BFSI) industries across the globe.

Project Portfolio Management Market Trends:

At present, the increasing demand for PPM to gain a 360-degree view of project operations and resource management represents one of the key factors impelling the growth of the market. Apart from this, the growing demand for PPM due to the increasing need to decrease the complexities in a project around the world is positively influencing the market. In addition, the rising demand for PPM, as it manages liquidity and ensures a higher rate of investment (ROI) in a business, is supporting the growth of the market. Moreover, the increasing demand for cloud-based services for remote monitoring, real-time data analytics, and automatic scheduling of project operations in an organization is propelling the growth of the market. Besides this, the growing demand for PPM due to the rising popularity of using personal devices, such as laptops and tablets, in a workplace across the globe is offering a positive market outlook. Additionally, the increasing demand for PPM in reducing project costs and failure by eliminating unwanted multitasking and decreasing resource workload is offering lucrative growth opportunities to industry investors. Furthermore, the rising adoption of PPM, as it enhances the adaptability of organizations and makes it easy to introduce new projects, is strengthening the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global project portfolio management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, solution type, deployment type, organization size and vertical.

Component Insights:

Software
Services

The report has provided a detailed breakup and analysis of the project portfolio management market based on the component. This includes software and services. According to the report, software represented the largest segment.

Solution Type Insights:

Information Technology Solutions
New Product Development Solutions
Others

A detailed breakup and analysis of the project portfolio management market based on the solution type has also been provided in the report. This includes information technology solutions, new product development solutions, and others. According to the report, information technology solutions accounted for the largest market share.

Deployment Type Insights:

On-premises
Cloud-based

A detailed breakup and analysis of the project portfolio management market based on the deployment type has also been provided in the report. This includes on-premises and cloud-based. According to the report, on-premises accounted for the largest market share.

Organization Size Insights:

Large Enterprises
Small and Medium Enterprises

A detailed breakup and analysis of the project portfolio management market based on the organization size has also been provided in the report. This includes large enterprises and small and medium enterprises. According to the report, large enterprises accounted for the largest market share.

Vertical Insights:

Energy and Utilities
Government and Defense
IT and Telecom
Banking, Financial and Insurance Services
Manufacturing
Healthcare and Life Science
Consumer Goods and Retail
Others

A detailed breakup and analysis of the project portfolio management market based on the vertical has also been provided in the report. This includes energy and utilities, government and defense, IT and telecom, banking, financial and insurance services, manufacturing, healthcare and life science, consumer goods and retail, and others. According to the report, BFSI accounted for the largest market share.

Regional Insights:

North America

United States
Canada

Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for project portfolio management. Some of the factors driving the North America project portfolio management market included the growing need for better decision-making to enhance project success rate, increasing infrastructural advancements, rising demand for cloud-based services, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global project portfolio management market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Broadcom Inc., Celoxis Technologies Pvt. Ltd., Changepoint Corporation, Clarizen Inc., HP Development Company, Innotas, Keyedln Solutions LLC, Microsoft Corporation, Oracle Corporation, Planisware, Planview Inc., SAP SE, Workfront Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

How has the global project portfolio management market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global project portfolio management market?
What is the impact of each driver, restraint, and opportunity on the global project portfolio management market?
What are the key regional markets?
Which countries represent the most attractive project portfolio management market?
What is the breakup of the market based on the component?
Which is the most attractive component in the project portfolio management market?
What is the breakup of the market based on the solution type?
Which is the most attractive solution type in the project portfolio management market?
What is the breakup of the market based on the deployment type?
Which is the most attractive deployment type in the project portfolio management market?
What is the breakup of the market based on the organization size?
Which is the most attractive organization size in the project portfolio management market?
What is the breakup of the market based on the vertical?
Which is the most attractive vertical in the project portfolio management market?
What is the competitive structure of the global project portfolio management market?
Who are the key players/companies in the global project portfolio management market?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Project Portfolio Management Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Solution Type
7.1 Information Technology Solutions
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 New Product Development Solutions
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Deployment Type
8.1 On-premises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Cloud-based
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Organization Size
9.1 Large Enterprises
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Small and Medium Enterprises
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Vertical
10.1 Energy and Utilities
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Government and Defense
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 IT and Telecom
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Banking, Financial and Insurance Services
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Manufacturing
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Healthcare and Life Science
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Consumer Goods and Retail
10.7.1 Market Trends
10.7.2 Market Forecast
10.8 Others
10.8.1 Market Trends
10.8.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Broadcom Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Celoxis Technologies Pvt. Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Changepoint Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Clarizen Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 HP Development Company
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Innotas
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 KeyedIn Solutions LLC
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Microsoft Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Oracle Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Planisware
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Planview Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 SAP SE
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 Workfront Inc.
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio

Figure 1: Global: Project Portfolio Management Market: Major Drivers and Challenges
Figure 2: Global: Project Portfolio Management Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Project Portfolio Management Market: Breakup by Component (in %), 2022
Figure 4: Global: Project Portfolio Management Market: Breakup by Solution Type (in %), 2022
Figure 5: Global: Project Portfolio Management Market: Breakup by Deployment Type (in %), 2022
Figure 6: Global: Project Portfolio Management Market: Breakup by Organization Size (in %), 2022
Figure 7: Global: Project Portfolio Management Market: Breakup by Vertical (in %), 2022
Figure 8: Global: Project Portfolio Management Market: Breakup by Region (in %), 2022
Figure 9: Global: Project Portfolio Management Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 10: Global: Project Portfolio Management (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Project Portfolio Management (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Project Portfolio Management (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Project Portfolio Management (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Project Portfolio Management (Information Technology Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Project Portfolio Management (Information Technology Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Project Portfolio Management (New Product Development Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Project Portfolio Management (New Product Development Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Project Portfolio Management (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Project Portfolio Management (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Project Portfolio Management (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Project Portfolio Management (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Project Portfolio Management (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Project Portfolio Management (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Project Portfolio Management (Large Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Project Portfolio Management (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Project Portfolio Management (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Project Portfolio Management (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Project Portfolio Management (Energy and Utilities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Project Portfolio Management (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Project Portfolio Management (Government and Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Project Portfolio Management (Government and Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Project Portfolio Management (IT and Telecom) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Project Portfolio Management (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Project Portfolio Management (Banking, Financial and Insurance Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Project Portfolio Management (Banking, Financial and Insurance Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Project Portfolio Management (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Project Portfolio Management (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Project Portfolio Management (Healthcare and Life Science) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Project Portfolio Management (Healthcare and Life Science) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Project Portfolio Management (Consumer Goods and Retail) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Project Portfolio Management (Consumer Goods and Retail) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Project Portfolio Management (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Project Portfolio Management (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: North America: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: North America: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: United States: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: United States: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Canada: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Canada: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Asia Pacific: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Asia Pacific: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: China: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: China: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Japan: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Japan: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: India: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: India: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: South Korea: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: South Korea: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Australia: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Australia: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Indonesia: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Indonesia: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Europe: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Europe: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Germany: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Germany: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: France: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: France: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: United Kingdom: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: United Kingdom: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Italy: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Italy: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Spain: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Spain: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Russia: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Russia: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Others: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Others: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Latin America: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Latin America: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Brazil: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Brazil: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Mexico: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Mexico: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Others: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Others: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Middle East and Africa: Project Portfolio Management Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Middle East and Africa: Project Portfolio Management Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Global: Project Portfolio Management Industry: SWOT Analysis
Figure 93: Global: Project Portfolio Management Industry: Value Chain Analysis
Figure 94: Global: Project Portfolio Management Industry: Porters Five Forces Analysis

Table 1: Global: Project Portfolio Management Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Project Portfolio Management Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Project Portfolio Management Market Forecast: Breakup by Solution Type (in Million US$), 2023-2028
Table 4: Global: Project Portfolio Management Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 5: Global: Project Portfolio Management Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 6: Global: Project Portfolio Management Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 7: Global: Project Portfolio Management Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Project Portfolio Management Market Structure
Table 9: Global: Project Portfolio Management Market: Key Players

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        Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.

    • Credit Card Security
      • We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.

        PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.

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