Online Payment Gateway Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Online Payment Gateway Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Status : August, 2020 | Technology & Media | PPT format

Report Digest


Global Online Payment Gateway Market: Snapshot

Although in its budding phase, the global market for online payment gateway is observing a tremendous rise in its valuation. The increasing digitalization across the world has surfaced as the key factor behind the growth of this market. Various government organizations across the world are encouraging digital transactions, which is leading to technological advancements in the card acceptance infrastructure, such as payment gateways, and, as a result, augmenting usage of debit and credit card for shopping purposes.

With the increasing utilization of cards and net banking facilities for purchase, a slowdown in the establishment rate of new bank branches and ATMs will be observed in the years to come. While online payment gateways are being immensely popular among people across the world due to the convenience they offer, various risk related to security of personal data may hamper the growth of this market over the next few years.

North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe have emerged as the key regional markets for online payment gateways across the world. Among these, Asia Pacific has occupied the leading position and is anticipated to remain here over the next few years. The mass uptake of inexpensive communication technologies and the enhancement in the digital infrastructure are likely to support the Asia Pacific market for online payment gateways over the forthcoming years.

Global Online Payment Gateway Market: Overview

Currently, the global market for online payment gateway is in a nascent stage; however, it is expected to undergo a phase of positive transformation over the next couple of years. The ongoing technological advancements in online payment gateway and the increasing interest of consumers across the world in cashless payments are expected to boost this market substantially in the near future.

This comprehensive research report on the global market for supercritical boilers offers a thorough evaluation of this market, emphasizing specifically on its historical and current performance. The growth potential of this market has also been examined at length in this research study to determine its future status.

Global Online Payment Gateway Market: Key Trends

The global market for online payment is gaining considerably from the continuing expansion of small enterprises in emerging economies, looking to offer their customers with online services. The rising popularity of the M-commerce is another important factor that is boosting the growth of the worldwide market for online payment gateway. Over the coming years, the number of online shoppers is likely to rise remarkably, which is expected to support the growth of this market in the near future.

Global Online Payment Gateway Market: Segmentation

The global market for online payment gateway is basically analyzed on the basis of the organization size and the interaction mode. Depending on the organization size, large enterprise, mid-sized enterprise, and micro and small enterprise are the main segments of the global market. Based on the interaction mode, the market is divided into local bank integrates, pro/self-hosted payment gateways, platform based payment gateway solutions, API/non-hosted payment gateways, hosted payment gateways, and direct payment gateway.

Global Online Payment Gateway Market: Regional Outlook

The global market for online payment gateway reports its presence across Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW). China, India, and Japan have surfaced as the leading domestic market for online payment gateway in Asia Pacific. The North America market for online payment gateway is led by the U.S. and Canada. Russia, Germany, France, Spain, the U.K., and Italy are the key local markets in Europe. The Middle East and Africa market is categorized into the U.A.E, South Africa, and Saudi Arabia.

Global Online Payment Gateway Market: Competitive Analysis

The global latex medical disposable market is fragmented and competitive in nature with a large pool of players. Amazon Payments, AsiaPay/PayDollar, CCBill, MercadoPago, NAB Transact, eWAY AU, e-Path, Sage Pay, Cardstream, Payson, ServiRed, Certitrade, WebCash, 99bill, MyGate, Pagosonline, PesoPay, WebMoney, CashU, Klarna, Realex, Stripe, Beanstream, PayPal, Wirecard, and Worldpay are some of the leading players in this market.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.