The newly Payment Gateways market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
The Payment gateway is a web-based application that acts as an intermediary between an e-commerce website and a bank to authorize and authenticate online transactions. It encrypts sensitive information, such as credit card numbers or bank account details, to ensure that the information is transmitted securely from the customer to the issuing bank.
On the basis of products, the various types include Online Mode and Offline Mode. On the basis of application, the Payment Gateways market is segmented into Retails, Catering Industry, Medicine & Cosmetics, and Other.
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Market Insights
According to a new research study, the Payment Gateways market size is expected to reach USD 19,215 million by 2026 from USD 11,176 million in 2019, with a compound annual growth rate of 8.05% during the forecast period. The growth can be mainly attributed to the rising adoption of cashless transactions by the general public. The rapid spread of the Internet has led to a boom in online shopping, increasing the huge demand for online payment gateway integration on e-commerce websites. Moreover, the advent of smartphones and the increasing use of mobile applications are anticipated to promote the growth of the market. On the contrary, the threat from open-source payment gateways will restrain the growth of the market.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
North America was the largest market in 2018 with a proportion of 36.54% and is expected to witness growth over the forecast period, owing to dependence on electronic payment for online shopping. Asia-Pacific is anticipated to register significant growth in the following years.
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Competitive Players
The Payment Gateways market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are PayPal, Worldpay Group, Wirecard, Adyen, and WebMoney. Other prominent vendors in the market are National Processing, Square, Peoples Trust Company, FuturePay, Elavon, Payeezy, Bambora, MultiSafePay, Scotiabank, SpectroCoin, Dharma Merchant Services, Converge, Ignite Payments, and others.
Target Audience for this Report
l Payment Gateways manufacturers
l Payment Gateways importers and exporters
l Payment Gateways traders, distributors, and suppliers
l Raw material suppliers of Payment Gateways
l Payment Gateways industry associations
l Product managers, Payment Gateways industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Research & Clinical Laboratories
l Small and Medium-sized Enterprises (SMEs)
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Payment Gateways Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Payment Gateways Market by Types
4 Segmentation of Payment Gateways Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Payment Gateways Market in Major Countries
7 North America Payment Gateways Landscape Analysis
8 Europe Payment Gateways Landscape Analysis
9 Asia Pacific Payment Gateways Landscape Analysis
10 Latin America, Middle East & Africa Payment Gateways Landscape Analysis
11 Major Players Profile
11.1 PayPal
11.1.1 PayPal Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Worldpay Group
11.3 Wirecard
11.4 Adyen
11.5 WebMoney
11.6 National Processing
11.7 Square
11.8 Peoples Trust Company
11.9 FuturePay
11.10 Elavon
11.11 Payeezy
11.12 Bambora
11.13 MultiSafePay
11.14 Scotiabank
11.15 SpectroCoin
11.16 Dharma Merchant Services
11.17 Converge
11.18 Ignite Payments
…
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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