Online Payment Gateway Market: Development Status, Growth Drivers, Global Industry Analysis, Opportunity Assessment and Competitive Landscape
(firmenpresse) - Market Highlights
The accessibility to the internet and the availability of devices such as smartphones and laptops are estimated to guide the market in the forecast period. The diversity in financial transaction options is estimated to motivate the online payment gateway market in the impending period.
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.
Detailed Regional Analysis
In North America, the online payment gateway market size 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 segmental investigation of the online payment gateway market is conducted on the basis of types, applications, and regions. Based on the type, the online payment gateway market comprises of local bank integrates, pro/self-hosted payment gateways, platform-based gateway solutions, and others. On the basis of application, the online payment gateway market consists of mid-size enterprises, micro & small enterprises, and large enterprises. Based on the region, the online payment gateway market consists of Asia Pacific (APAC), North America, Europe, and the rest of the regions.
Competitive Analysis
The market is expected to record a stable growth rate in the coming years. The market competitors are expected to play a key role in the development of the global market. The development of adequate sources of raw material is predicted to transform the market in the upcoming period further. The availability of strong government support and the presence of encouraging policies is expected to enliven the growth prospects in the approaching period. The incidence of options that can be favorably capitalized on is aiding the market players in improving their overall position in the market. The balance in demand and supply in the market will prove as an encouraging growth factor in the forecast period. The competition in the market is manageable, which is inducing the entry of new players in the global market. The upgrades in production methods are estimated to transform the potential of the market in the forecast period.
The outstanding contenders in the online payment gateway market are Adyen NV (Netherlands), Amazon.com, Inc. (U.S.), First Data Corp. (U.S.), CASHU (UAE), Stripe (U.S.), Tencent Holdings Ltd. (China), Worldpay, Inc. (U.S.), Global Payments, Inc. (US), GMO Payment Gateway, Inc. (Japan), Verizon Communications, Inc. (U.S.), Alibaba Group Holding Ltd. (China), 2Checkout.com, Inc. (U.S.), Visa, Inc. (U.S.), CCBill, LLC (U.S.), PayPal Holdings, Inc. (U.S.), Naspers Ltd. (South Africa), 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: 15.09.2020 - 13:11 Uhr
Sprache: Deutsch
News-ID 619444
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