Government initiatives
towards digitization and surging popularity of digital payments to drive the
payment gateway market through 2024
Industry Reports --> ICT
According
to TechSci Research report, “Global Payment Gateway Market By Type, By Enterprise
Size, By End-User, By Region, By Company, Competition, Forecast & Opportunities,
2024”, the global payment gateway market
is projected to grow at a CAGR of around 22% during 2024, on account of
increasing penetration of internet which is aiding the demand for online
transactions. The number of internet users grew at a notable rate in the last
five years and the trend is likely to continue during forecast period as well
due to the introduction of 4G & 5G high speed internet technology.
Moreover, growing inclination towards digital payments, easy-access and
attractive cashbacks are further promoting the growth of global payment gateway
market.
Browse 20
market data Tables and 105 Figures spread through 110 Pages and an
in-depth TOC on "Global Payment Gateway
Market"
Payment gateway market caters to various end-user such
as travel & hospitality, retail, healthcare, education, government,
utilities and others. Retail dominated the market in 2018 as major retail
companies are adding payment gateway to their sites which is escalating the
growth of the market. Based on the payment gateway type, hosted payment gateway
dominates the global payment gateway market as these payments are user-friendly
and are more secure. In terms of enterprise size, large enterprise accounted
for the largest share on account of high transaction volume and value.
Among regions, Asia-Pacific payment
gateway market is poised to grow
at high rate during the forecast period, owing to increasing utilization of
online business platforms by local vendors in economies such as India, China
and government initiatives. PayPal Holdings, Stripe, Inc. Adyen N.V., Inc.,
Amazon Pay (Amazon.com, Inc.), Square, Inc., etc., are the major companies
operating in the global payment gateway market. Companies operating in the
online payment gateway market are collaborating, launching new services and
expanding to different regions; for instance, Alipay expanded its payment
service in London.
Customers can also request for 10% free
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“Implementation
of payment gateway across various end user segments, such as travel &
hospitality, retail, healthcare, education, government, and utilities, among
others, is increasing at a robust pace, owing to growing volume of payments
done via digital means such as credit/debit cards, mobile phones, etc., in
these sectors. Moreover, growing awareness among people about online payments
and increasing proliferation of smartphones would further steer growth in global
payment gateway market in the coming years.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global
Payment Gateway Market By Type, By Enterprise Size, By End-User, By Region,
Competition Forecast & Opportunities, 2014 – 2024” has
evaluated the future growth potential of payment gateway market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in the global payment gateway market.
Global Payment Security Market By Type
(POS, Web & Mobile), By Component (Solutions Vs. Services), By Solution
(Antivirus & Firewall, Data Encryption, Tokenization & Others), By End
User, By Region, Competition Forecast & Opportunities, 2012 – 2022
https://www.techsciresearch.com/report/global-payment-security-market/1641.html
Global Contactless Payment Market By
Device Type (PoS Terminals, Cards, & Others), By Component, By Solution
(Payment Terminal Solution, Device Management Solution, & Others), By End
User, By Region, Competition Forecast and Opportunities, 2012-2022
Global Digital Payment Market, By Type
(Solutions and Services), By Deployment Mode (On-premises and Cloud-based), By
Organization Size (SMEs and Large Enterprises), By Company & By Geography,
Forecast & Opportunities, 2014-2024
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