Global Online Payment Gateway Market Analysis
The Online Payment Gateway Market is projected to develop at
a healthy 12.8% CAGR by 2023, as per the MRFR analysis. Online payment gateways
are basically servers and software that aid to transfer every piece of
information pertaining to online transactions to specific banks. Local bank
integrates, self/pro hosted payment gateways, platform-based gateway solutions,
and others are the different types of online payment gateways that have wide
applications in mid-sized enterprises, large enterprises, and micro & small
enterprises.
Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/6347
Various factors are propelling the global online
payment gateway industry share. According to the recent MRFR report, such
factors include the growing trend of digitalization, increasing adoption of
different online payment modes like net banking, mobile wallets, credit or
debit cards, the advent of apps which are smartphone compatible and helps in
easy online payments, easy availability and increasing use of high-speed
internet. Additional factors fuelling market growth include the increasing use
during the on-going COVID-19 outbreak, the merge of attractive cashback offers
and e-commerce sites on online payments, as well as the collaboration of banks
with various online retailers, and convenient payment gateways.
On the flip side, the risk related to hackers and of
losing sensitive data may hinder the global online payment gateway market
growth over the forecast period.
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.
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.
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.).
Get Complete Report Details at: https://www.marketresearchfuture.com/reports/online-payment-gateway-market-6347
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
No comments:
Post a Comment