Payment Gateways Market Share, Size, Trends, Growth, Report Analysis and Forecast Till 2024

Global Payment Gateway Market Research Report and Forecast

Report Edition: 2019 © 2019 IMARC All Rights Reserved

Copyright © IMARC Service Pvt Ltd. All Rights Reserved

About IMARC Group

Report Description

The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description and Highlights

Report Description

Global Payment Gateway Market Overview: A payment gateway refers to a service provider which acts as an intermediary between e-commerce websites and bank buy facilitating payment transaction. Security plays and integral part in the payment gateways owing to the sensitive data of credit card that needs to be protected from the fraudulent entities. The order submission gets completed by using the HTTPS protocol which helps in securing the personal information. Some of the benefits of using payment gateways include user-friendly interface, expense and loss management, and time efficiency. A new research report titled “ Payment Gateways Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, by IMARC Group, estimated that the global payment gateways market was worth US$ 11 Billion in 2018. The report further anticipates the market to cross US$ 17 Billion by 2024, at a projected CAGR of 7.9 % over the forecast period.

Global Payment Gateways Market Drivers/Constraints: •

One of the vital factors influencing the market demand for payment gateways includes easy access of internet and rise in the number of people adopting online retailing as well as contactless payment methods such as mobile wallets.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

in Million US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

Introduction of mobile payment gateways like Amazon Pay, Apple Pay, Samsung Pay, Android Pay, etc. have made the process of bill payments convenient. Further, various companies are expanding their businesses by adapting the digital approach, thereby spurring the growth prospects of payment gateways in the upcoming years.

Report Description and Highlights

Report Description • •

Currently, banks are collaborating with retail vendors in order to provide cashback schemes for expanding the consumer-base and retaining the existing consumers.

However, there are various factors which act as a hindrance to growth of the market. Payment gateways have a limit regarding the number of transaction that can take place in a day. In addition, there is a high risk of being hacked that may lead to information leak.

Key Market Segmentation: Market Segmentation by Application • • •

Large Enterprises Micro and Small Enterprises Mid-size Enterprises

On the basis of application, the payment gateways market is segregated as large enterprise, micro and small enterprises and mid-sized enterprises. Amongst these, large enterprises account for the majority of the market share.

Market Segmentation by Mode of Interaction

Report Description and Highlights

Report Description • • • • • •

Hosted Payment Gateways Pro/Self-Hosted Payment Gateways API/Non-Hosted Payment Gateways Local Bank Integrates Direct Payment Gateways Platform-Based Payment Gateways

Based on mode of interaction, the market is segmented as hosted payment gateways, pro/self-hosted payment gateways, API/non-hosted payment gateways, local bank integrates, direct payment gateways and platform-based payment gateways. Currently, pro/self-hosted gateways exhibit a clear dominance in the global market.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Report Description and Highlights

Report Description

On a geographical front, North America enjoys a leading a position in the global payment gateways market, accounting for the largest share. North America is followed by Europe, Asia Pacific, Middle East and Africa, and Latin America.

Competitive Landscape: The market is highly competitive in nature with the presence of numerous manufactures who compete in terms of prices, features and quality. They are constantly coming up with additional features, thereby enhancing customer experience. Some of the leading players operating in the market are: • • • • •

Worldpay Group Wirecard Adyen Allied Wallet PayPal

For more information, click here: https://www.imarcgroup.com/payment-gateways-market

Report Description and Highlights

Report Description

A partial List of

We are the trusted business partners to the

Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

Š 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

Contact Us

FOR MORE DETAILS Visit us at :

https://www.imarcgroup.com Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com