Payment Gateway Market Introduction and Overview
According to SPER Market Research, the Global Payment Gateway Market is estimated to reach USD XX billion by 2033 with CAGR of XX%.
The report includes an in-depth analysis of the Global Payment Gateway Market, including market size and trends, product mix, applications, and supplier analysis. Technology known as a payment gateway makes it easier for customers to send money online to businesses or service providers. By serving as a go-between for the merchant's bank and the customer's financial institution (often a bank), it guarantees a smooth and safe transaction. Any business can benefit from having an online payment option since it guarantees safe and easy transactions and reduces the amount of money lost to late payments. Sensitive information is safeguarded during transactions by payment gateways using encryption and additional security measures
- April 2019: Stripe has concluded the acquisition of Touchtech Payments, an Irish startup that develops and oversees verification processes for banks. Through this acquisition, the business will be better equipped to secure online transactions and get ready for future rules in Europe.
- January 2020: PaySense is a digital credit platform. PayU has announced that it has acquired a controlling stake in PaySense. PayU consumer loan businesses LazyPay and PaySense will combine their activities to develop a comprehensive digital lending platform in India as part of the agreement.
Market Opportunities and Challenges
The primary driver of the payment gateway industry is the notable growth of small enterprises offering online services to clients in developing nations. Another element propelling the worldwide payment gateway industry is the increasing use of mobile commerce. The convenience of access, speedy property comparisons, attractive online auctions, and 24/7 availability are a few of the primary factors that have contributed to the rise in the number of online purchases made to make buying and selling easier. With the growing popularity of mobile wallets and Near Field Communication (NFC) technology, contactless payments are becoming more common. This gives payment gateways the chance to accept a variety of payment methods and technologies. The market will expand in the upcoming years due to the necessity of the payment gateway.
The market's growth is being hindered by a lack of trust, and online payments will discourage customers from making these kinds of purchases. One other barrier is the absence of internet access in developing nations as a result of inadequate infrastructure and lax regulations. Concerns about security are still paramount in the payment sector. Payment gateways need to keep making significant investments in strong security measures to keep sensitive consumer data safe from fraud and cyber-attacks. Also, not everyone can have smooth and continuous connectivity, even in nations like India where mobile and internet usage is widespread. Digital payments rely significantly on connectivity, but one of the biggest challenges facing developing nations is getting and sustaining dependable internet access.
Market Competitive Landscape
Strategic actions, including as collaborations, growth, mergers and acquisitions, and the use of cutting-edge technology, are becoming more prevalent in the online payment gateway market to broaden their range of products. Leaders in the industry make calculated investments to support their expansion plans and advance R&D initiatives. Major players in the Global Payment Gateway Market include PayU, STRIPE, Amazon.com Inc., FISERV, INC. (BluePay), BitPay, Inc., Visa Inc., JPMorgan Chase & Co., PayPal Holdings, Inc., FIS (Worldpay), MASTERCARD and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Enterprise Size, By End-User
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | PayU, STRIPE, Amazon.com Inc., FISERV, INC.(BluePay), BitPay, Inc., Visa Inc., JPMorgan Chase & Co., PayPal Holdings, Inc., FIS(Worldpay), MASTERCARD
|
COVID-19 Impact on Global Payment Gateway Market
Following the December 2019 COVID-19 viral epidemic, the disease has spread to nearly every country in the world, prompting the World Health Organization to declare a public health emergency. The disease's effects are already being seen globally, and they are predicted to have a big influence on the world economy. Government lockdowns were implemented to stop the virus from spreading, but businesses switched to operating online and began conducting financial transactions there as well, which increased sales of payment gateways.
The coronavirus pandemic boosted e-commerce sales, which fuelled the expansion of the payment gateway sector. Many e-commerce companies are creating eWallet services in addition to their payment gateway systems.
Key Target Audience
- E-commerce Businesses
- Payment Service Providers (PSPs)
- Financial Institutions
- Mobile App Developers
- Software Developers
- Small and Medium-sized Enterprises
- Large Enterprises
Our in-depth analysis of the Payment Gateway Market includes the following segments:
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By Product Type: |
Hosted
Non-Hosted
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By Enterprise Size: |
Large Enterprise
Medium Enterprise
Small Enterprise
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By End-User: |
BFSI
Media and Entertainment
Retail and Ecommerce
Travel and Hospitality
Others
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Key Topics Covered in the Report
- Global Payment Gateway Market Size (FY’2023-FY’2033)
- Overview of Global Payment Gateway Market
- Segmentation of Global Payment Gateway Market By Product Type (Hosted, Non-Hosted)
- Segmentation of Global Payment Gateway Market By Enterprise Size (Large Enterprise, Small and Medium Enterprise)
- Segmentation of Global Payment Gateway Market By End-User (Travel and Hospitality, BFSI, Retail and Ecommerce, Media and Entertainment, Others)
- Statistical Snap of Global Payment Gateway Market
- Expansion Analysis of Global Payment Gateway Market
- Problems and Obstacles in Global Payment Gateway Market
- Competitive Landscape in the Global Payment Gateway Market
- Impact of COVID-19 and Demonetization on Global Payment Gateway Market
- Details on Current Investment in Global Payment Gateway Market
- Competitive Analysis of Global Payment Gateway Market
- Prominent Players in the Global Payment Gateway Market
- SWOT Analysis of Global Payment Gateway Market
- Global Payment Gateway Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Payment Gateway Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Payment Gateway Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Payment Gateway Market
7. Global Payment Gateway Market, By Product Type (USD Million)
7.1. Global Payment Gateway Market Value Share and Forecast, By Product Type, 2023-2033
7.2. Hosted
7.3. Non-Hosted
8. Global Payment Gateway Market, By Enterprise Size (USD Million)
8.1. Global Payment Gateway Market Value Share and Forecast, By Enterprise Size, 2023-2033
8.2. Large Enterprise
8.3. Medium Enterprise
8.4. Small Enterprise
9. Global Payment Gateway Market, By End-User (USD Million)
9.1. Global Payment Gateway Market Value Share and Forecast, By End-User, 2023-2033
9.2. BFSI
9.3. Media and Entertainment
9.4. Retail and Ecommerce
9.5. Travel and Hospitality
9.6. Others
10. Global Payment Gateway Market Forecast, 2019-2033 (USD Million)
10.1. Global Payment Gateway Market Size and Market Share
11. Global Payment Gateway Market, By Product Type, 2019-2033 (USD Million)
11.1. Global Payment Gateway Market Size and Market Share By Product Type (2019-2026)
11.2. Global Payment Gateway Market Size and Market Share By Product Type (2027-2033)
12. Global Payment Gateway Market, Enterprise Size , 2019-2033 (USD Million)
12.1. Global Payment Gateway Market Size and Market Share By Enterprise Size (2019-2026)
12.2. Global Payment Gateway Market Size and Market Share By Enterprise Size (2027-2033)
13. Global Payment Gateway Market, By End-User , 2019-2033 (USD Million)
13.1. Global Payment Gateway Market Size and Market Share By End-User (2019-2026)
13.2. Global Payment Gateway Market Size and Market Share By End-user (2027-2033)
14. Global Payment Gateway Market, By Region, 2019-2033 (USD Million)
14.1. Global Payment Gateway Market Size and Market Share By Region (2019-2026)
14.2. Global Payment Gateway Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. Amazon.com Inc.,
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. BitPay
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. FIS(Worldpay)
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. FISERV
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. INC.(BluePay),
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. JPMorgan Chase & Co.,
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. MASTERCARD
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. PayPal Holdings
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
