Global Payment Gateway Market to register outstanding 12% CAGR for 2018-2025

Posted On December 20, 2018

Value Market Research in its newly published market study on the Global Payment Gateway Market reveals that the market was valued USD 32 MN (by revenue) in 2018 and is anticipated to reach USD 85 BN by 2025 with a CAGR of 12%. The report evaluates the market growth based on past data collected through primary interviews and validated by secondary data sources. This market study covers all the essential market data necessary to make major strategic decisions. 

The standard report covers the market segmentation based on type, enterprise size, end-user, and regions. By type the report segregates the market into hosted and non-hosted. Out of these two, hosted payment gateways are gaining hype in the market since they are considered as most convenient and economic gateway. Also, they are customizable and user-friendly which have made the adoption of the payment gateway more attractive. The enterprise size the market includes small & medium enterprise {SME} and large enterprise. Large enterprises account for the majority of market share owing to the high transaction volume and value which contribute major revenue share of payment gateway aggregators. The end-user section comprises ravel, retail, BFSI, media & entertainment, and others. Among which, retail is dominating the segment owing to the rising demand for online retailing. Also, the retail vendors are rigorously adding payment gateway(s) to their standalone website to meet the consumer’s order and build goodwill in the market.

The report "Global Payment Gateway Market Report By Type (Hosted And Non-Hosted), By Enterprise Size (Small & Medium Enterprise {SME} And Large Enterprise), By End-User (Travel, Retail, BFSI, Media & Entertainment And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2018-2025 offers information on how payment gateways market performed so far and how will it perform in the years to come.

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The payment method has evolved drastically in the last few years from a token system to cash pooling and cashless payments methods.Basically, a payment gateway offers businesses, such as brick and mortar or online retailing to collect money through the customer preferred bank without compromising on confidential data. Payment gateways enable transactions in real time, offline, real-time, and hybrid (a combination of offline and real-time modes) modes. Also, they accept different payment methods such as contactless card transactions, e-commerce transactions, and mobile-based near field communication (NFC) transactions.
As per the report it has been observed that the rising number of internet users, along with the government initiatives towards digitization is compelling the users to opt an online transaction, which is likely to create a positive impact on the payment gateway market. Also, owing to the advent of 5G high-speed internet technology along with the expansion of internet connectivity across rural areas to raise internet penetration is again expected to motivate the payment gateway providers. The growing demand for online retailing across the globe is further expected to boost the online payment, thereby, augmenting the payment gateway market over the forecast period.

egional segmentation covered North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is accounted for the highest share in the global payment gateway market owing to technological developments and usage of considerable application of payment gateway across the different end-user segment.

The Report Segments Global Payment Gateway Market -
By Type

  • Hosted
  • Non-Hosted

By Enterprise Size

  • Small & Medium Enterprise {SME}
  • Large Enterprise

By End-User

  • Travel
  • Retail
  • BFSI
  • Media & Entertainment
  • Others

By Region

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

Players Profiled In The Report:
Adyen N.V., Alipay.com Co Ltd, Amazon Pay (Amazon.com, Inc.), BitPay, Inc., Ingenico Group, Payoneer Inc., PayPal Holdings, Inc., Paytm Mobile Solutions Pvt. Ltd., PayU Group, Payza, Razorpay Software Private Limited, Skrill Limited, VeriFone Holdings, Inc. and WePay, Inc.

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