Online Payment Gateway Market Trends, Business Revenue Forecast Statistics and Growth Prospective | Impact of COVID-19
(firmenpresse) - Market Highlights
The increase in card payments supporting various online transactions can bolster the expansion of the global online payment gateway market across the assessment period. The rise in digital facilities can prompt the expansion of the online payment gateway market across the globe. The increase in cashless transactions practise and emergence of smaller denomination payments can prompt the expansion of the worldwide payment gateway market in the years to come. Benefits, such as quick payment and better security in online methods of payment can favor the worldwide online payment gateway. On the downside, security concerns regarding online transactions due to increase in cases of hacking can limit the expansion of the online payment gateway market. However, benefits of online payments can counter the expansion of the market.
As per Market Research Future (MRFR) study, the worldwide online payment gateway market 2020 value is likely to surge in COVID-19 pandemic. The highly contagious feature of the coronavirus have pushed public to increased practice of online payment. This can significantly benefit the online payment gateway market across the assessment period. MRFR study reveals that the global online payment gateway can rise at 12.8% CAGR across the assessment period (2018–2023). By 2023, the online gateway market value can touch USD 124.64 Bn from USD 61.8 Bn in 2018.
Regional Outlook
In North America, the online payment gateway market can surge at the highest CAGR across the evaluation period. The rise in the online transactions owing to high inclination of people towards e-commerce platform is promoting the need for digital payment methods. This is expected to impel the online payment gateway market in the region. The widespread utility of m-commerce, credit cards, and debit cards can drive the regional market. Digitization penetration is observed to contribute largely to North America online payment gateway market expansion.
In Europe, the online payment gateway market can garner decent revenue across the review period. The existence of well-established global players in the region and fast developing field of technology can support the expansion of Europe online payment gateway growth in the near future.
In Asia Pacific, the online payment gateway market can thrive due to the rapid expansion of small and micro enterprises. In addition, the rise in customer count for online shopping in emerging economies of APAC can promote the online payment gateway market growth across the review period.
Segmentation:
The segment study of the online payment gateway global market is based on parameters, application and type.
The type based, online payment gateway market are platform-based payment gateway solutions, local bank integrates, and pro/self-hosted payment gateways among others. The platform-based payment gateway solution segment holds potential growth opportunities that can boost the expansion of the world online payment gateway market. The rise in m-commerce and e-commerce industry can prompt the expansion of the market.
The application segment of the online payment gateway market are large enterprise, mid-size enterprise, and micro & small enterprise. The availability of 24/7 assistance by small enterprises for online shopping to provide customers better online experience including easy access, convenience, and attractive discount can fuel the rise of the online payment gateway market.
Competitive Landscape
MRFR profiled some reputed players of the online payment gateway market. They are; Adyen NV (Netherlands), CCBill, LLC (U.S.), CASHU (UAE), Stripe (U.S.), Amazon.com, Inc. (U.S.), GMO Payment Gateway, Inc. (Japan), First Data Corp. (U.S.), Naspers Ltd. (South Africa), Visa, Inc. (U.S.), Global Payments, Inc. (US), Tencent Holdings Ltd. (China), Worldpay, Inc. (U.S.), 2Checkout.com, Inc. (U.S.), Alibaba Group Holding Ltd. (China), Verizon Communications, Inc. (U.S.), PayPal Holdings, Inc. (U.S.), SecurePay Pty Ltd. (Australia), and Wirecard AG (Germany).
Browse Complete Report (at) https://www.marketresearchfuture.com/reports/online-payment-gateway-market-6347
Unternehmensinformation / Kurzprofil:
Datum: 07.07.2020 - 08:16 Uhr
Sprache: Deutsch
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