India - March 16, 2022 /MarketersMEDIA/ —
Online Payment Gateway Market Research Report- Forecast till 2030
Market Highlights
The rise in cases of hacking on the other hand will challenge payments processing sector based organizations functioning in the global online payment gateway market. Analysts have split the market into type and application segments based on products and services. Payments processing based companies have been profiled. The lack of global cross-border payment standards is set to affect the global market during the forecast period 2018 to 2023. The report also provides the market’s performance forecasts till 2023. Analysts have studied the strategy of payments processing segment based organizations to help new entrants and established businesses. The payments processing sector itself is supported by favorable policies across regional markets as well as the growing application areas. During the forecast period 2018 to 2023, the online payment gateway market is set to witness a health growth across type and application segments as well as regional markets.
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 10.18% CAGR across the assessment period (2020–2030). By 2030, the online gateway market value can touch USD 193.27 billion from USD 61.8 billion in 2020.
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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 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).
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Online Payment Gateway Market Research Report, By Type (Pro/Self-Hosted Payment Gateways, Local Bank Integrates, Platform-Based Payment Gateway Solution, Others), By Application (Micro and Small Enterprises, Large Enterprises, Mid-Size Enterprises) - Forecast till 2030
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Name: Saurabh Sinha
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Website: https://www.marketresearchfuture.com/reports/online-payment-gateway-market-6347
Release ID: 89070749
