Global Payment Gateways Market Size, Forecast 2019 to 2025(By Players PayPal, Stripe, By Market type

It is estimated that the payment gateway market is expected to reach 10.24 trillion US$ in 2025, from 2.85 trillion US$ in 2018, with a CAGR of 20% during the forecast period.

A payment gateway is an internet-based application that acts as an intermediary between an individual and the bank to authenticate online transactions. To make sure that the information is transmitted in a secured manner from the customer to the issuing bank the sensitive information such as credit card number or bank account details are kept encrypted. The payment gateway offers the liberty to the customers of making purchases at any hour of the day without the inconvenience of waiting in long queues in front of the ATMs.

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Nowadays, companies are reshaping their revenue strategies by adopting the digital mode of payment. This trend is set to increase in the upcoming days as more and more business firms are moving towards digitally based revenue strategy. In addition to that, the usage of mobile wallet has become a convenient way of making the payment and has emerged as another major driver.

At present, big companies are leading in the adoption and usage of the payment gateway methods in their business compared to that of small firms. Large industry sectors like Retail, Food & Beverages, Medicine & Cosmetics, etc. incur heavy transactions and thus need a highly safe and secure mode of transaction which is provided by the payment gateways. Retail was the most widely used area which took up about 47.42% of the global total in 2018.

According to our sources, more than 80% of the population in the developed countries have adopted the method of digital payments. Whereas, around 49% of the population in the developing countries have taken up the option of digital payments.

Stringent regulations in the payment industry and rising cases of cyber-attacks are acting as barriers in the path of growth of this market.

Some of the major players in this industry include Paypal, Stripe, Amazon Payments, Adyen, WorldPay, 2Checkout, First Data, PayU, MOLPay, Paymill, Png++, Alipay, GMO, Tenpay.

Payment Gateway Market type,

• Online Mode
• Offline Mode

Payment Gateway Market geographical segmentation,

• United States
• Europe
• China
• Japan
• Southeast Asia
• India

Key Stakeholders in this market are,

• Payment Gateways Manufacturers
• Payment Gateways Distributors/Traders/Wholesalers
• Payment Gateways Subcomponent Manufacturers
• Industry Association
• Downstream Vendors

Market segment by Application, split into

• Retail
• Catering Industry
• Medicine & Cosmetics
• Other

According to our sources, more than 80% of the population in the developed countries have adopted the method of digital payments. Whereas, around 49% of the population in the developing countries have taken up the option of digital payments.

The study objectives of this report are:

• To study and forecast the market size of Payment Gateways in global market.
• To analyze the global key players, SWOT analysis, value and global market share for top players.
• To define, describe and forecast the market by type, end use and region.
• To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
• To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.

In this study, the years considered to estimate the market size of Payment Gateways are as follows:

• History Year: 2013-2017
• Base Year: 2017
• Estimated Year: 2018
• Forecast Year 2018 to 2025

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