Global Online Payment Gateway Market Analysis
The global Online Payment Gateway Market is predicted to touch USD 124.64 billion at a whopping 12.8% CAGR between 2018- 2023, states the recent Market Research Future (MRFR) analysis. An online payment gateway, simply put, is a software and server that helps in transferring all information associated with an online transaction to a particular bank. It also responses from the bank or information like whether the payment has declined or is successful to consumers. It serves as an intermediary or mediator amid e-commerce sites ad banks.In payment gateway market a service provider that acts as an interface between payment portals like e-commerce websites and banks by facilitating transactions of payments.
Various factors are propelling the global online payment gateway market share. According to the recent MRRF report, such factors include the booming small enterprises, especially in developing nations to offer online services to customers, the growing popularity of M-commerce, increasing use of debit and credit cards for shopping, rising use of mobile devices, growing preference for net banking and mobile wallets, easy availability and increasing use of high-speed internet, the collaboration of online retailers and banks, convenient payment gateways, and increasing use of online payment gateways during the COVID-19 pandemic.
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On the contrary, lack of trust and security concerns about payments may limit the global online payment gateway market growth over the forecast period.
Online Payment Gateway Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global online payment gateway market based on application and type.
By type, the global online payment gateway market is segmented into platform-based payment gateway solutions, local bank integrates, pro/self-hosted payment gateways, and others. Of these, the platform-based payment gateway solution will lead the market over the forecast period for merchants’ preference for a platform for directly selling their products to users.
By application, the global online payment gateway market is segmented into mid-size enterprises, large enterprises, and micro & small enterprises. Of these, the large enterprise segment will dominate the market over the forecast period for the amazing features that are guiding its success, such as recurring payments, merchant reliability, credibility for merchants, quick and easy setup, and instant payment.
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Online Payment Gateway Market Key Players
Notable players profiled in the global online payment gateway market report include -
- Wirecard AG (Germany)
- Global Payments, Inc. (US)
- Worldpay, Inc. (U.S.)
- Naspers Ltd. (South Africa)
- PayPal Holdings, Inc. (U.S.)
- SecurePay Pty Ltd. (Australia)
- Tencent Holdings Ltd. (China)
- CCBill, LLC (U.S.)
- Visa, Inc. (U.S.)
- 2Checkout.com, Inc. (U.S.)
- Alibaba Group Holding Ltd. (China)
- Verizon Communications, Inc. (U.S.)
- GMO Payment Gateway, Inc. (Japan)
- Stripe (U.S.)
- CASHU (UAE)
- Amazon.com, Inc. (U.S.)
- Adyen NV (Netherlands), and
- First Data Corp. (U.S.).
Online Payment Gateway Market Regional Analysis
Based on the region, the global online payment gateway market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW).
Of these, North America will have the lions share in the market over the forecast period. Increase in online transactions due to people’s high inclination towards the e-commerce platform, the widespread use of debit cards, credit cards, and m-commerce, digitalization penetration, and technological advances are adding to the global online payment gateway market growth in this region. The United States holds the maximum share in the market.
The global online payment gateway market in Europe is predicted to have the second-largest share over the forecast period. Technological superiority, coupled with the existence of top industry players is adding to the global online payment gateway market growth in the region.
The global online payment gateway market in the APAC region is predicted to grow at a fast pace over the forecast period. The presence of emerging economies, the rising number of customers doing online shopping, and the rapid expansion of micro & small enterprises are adding to the global online payment gateway market growth over the forecast period.
The global online payment gateway market in the RoW is predicted to have sound growth over the forecast period.
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1 Executive Summary
1.1 Prologue 14
2 Market Introduction
2.1 Definition 16
2.2 Scope Of The Study 16
2.3 List Of Assumptions 16
2.4 Market Structure 17
3 Research Methodology
3.1 Research Process 19
3.2 Primary Research 20
3.3 Secondary Research 21
3.4 Market Size Estimation 22
3.5 Forecast Model 22
4 Market Dynamics
Continued...
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This report on the Global Online Payment Gateway Market provides a global 360-degree perspective of the industry while taking into consideration historical data as well as providing accurate estimations of the future scope of the market.
It highlights key factors impacting the market growth and also contains an entire section describing the segmentation of the market on the basis of several factors such as types, applications at a high level and also points out the segments leading the market.
This make it easier for the stakeholders of the report to utilize this information and incorporate changes in their business policies and be well informed about the market dynamics.
It also provides an insight into the competitive landscape of the market highlighting key competitors, major manufacturers dominating the Online Payment Gateway Market, while also providing an analysis of the market share and revenue generation figures.Ask for report free sample with complete TOC and list of tables/figures @ https://www.datalibraryresearch.com/sample-request/online-payment-gateway-market-1940Global Online Payment Gateway Market Competitive Analysis:PayPal HoldingsStripe, Inc.Adyen N.V., Inc.Amazon PaySquare, Inc.AvangateAsiaPayDwollaPagosonlineMyGateCCBillMercadoPagoDrivers & ConstraintsThe report largely stresses on the importance of market dynamics in understanding the Online Payment Gateway Market industry.
Sales revenues, population, production rates, consumption rates, existence of key manufacturers in regions are all points that have been touched base upon in the report providing an overall comparison of each of the regions covered in the report.
Additionally, the report also calls out regions that have showed maximum growth in the past as well as regions that emerged as leaders of the market in historic years.
