According to a new market research report published by Credence Research “Online Payment Gateways Market (Type – Hosted Payment Gateways, Self-hosted Payment Gateways, API Hosted Payment Gateways, Local Bank Integration, Direct Payment Gateways and Platform-based Payment Gateways; End-user – Travel, Food & Groceries, Pharmaceuticals & Healthcare, Shopping, Education, Government/NGOs and Utilities) – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global online payment gateways market was valued at US$ 13.50 Bn in 2017 and is set to demonstrate CAGR of 9.4% during the forecast period from 2018 to 2026.
Browse the full report at
With flourishing e-commerce sector, online payment has witnessed widespread growth over the period, thereby paving way for online payment gateways. Online payment constitute nearly 2/3rd of the total payment made in e-commerce transactions. With improving security of online payment, the ratio is set to continue increasing in following years. Subsequently, online payment gateways market is expected to exhibit robust growth rate during the forecast period. Growing inclination towards digital payments has significantly driven the overall online payment gateways market. Various national governments as well banking organizations are now encouraging digital payment in order to reduce their operating costs and better visibility of transactions. In addition, increasing number of credit/debit card holders worldwide is another prominent factor supporting the market growth. As of 2018, there are more than 2.7 Bn credit cards in circulation across the world. This is another important factor supporting the online payment gateways market.
Online payment gateways market is segmented based on type, end-user and geography. Based on type, the hosted online payment gateways segment led the global market with a value share of over 40% in 2017. These payment gateways are user-friendly, fairly secure and charge less fees to the merchants. Subsequently, the segment would continue dominating the market throughout the forecast period. Based on end-user, the market categorized into travel, food & grocery, pharmaceuticals & healthcare, shopping, education, government/NGOs and utilities. Further, based on the geography, North America governs the overall payment gateways market with more than 1/3rd share of the total revenue generated worldwide. Asia Pacific is expected to register the highest growth rate during the forecast period. The market here is mainly backed by Japan, China, India and Southeast Asia.
The overall online payment gateways market is fragmented in nature with presence of large number of regional as well as international players. The overall payments industry is highly competitive in nature with market players competing with wide range of businesses including banks, e-commerce companies, credit card providers and others. Additionally, market players are subject to numerous rules & regulations such as banking norms, payment regulations, anti-money laundering, data protection and consumer financial protection among others. One of the most prominent strategies adopted by the market players is partnership with credit/debit card companies (Visa, MasterCard). This is followed in order to make payment process for consumers and merchants easier as well as reduce any additional fees for payment gateway service provider.
Some of the major players profiled in the report include 2Checkout.com, Inc., Alipay.com Co. Ltd., Amazon.com, Inc., Authorize.Net Corporation, Avangate, Inc., Avenues India Pvt. Ltd. (CCAvenue), BluePay, Inc., First Data Corporation, PayPal Holdings, Inc., SecurePay (OLB Group, Inc.), Stripe, Inc. and others.
Browse All Reports Of This Publisher: https://www.credenceresearch.com/report/online-payment-gateways-market
Table of Content
Chapter 1 Preface
1.1 Report Scope and Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Approach Adopted
1.3.4 Top-Down Approach
1.3.5 Bottom-Up Approach
1.3.6 Phase III – Expert Panel Review
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Online Payment Gateways Market
2.1.1 Global Online Payment Gateways Market, by Type, 2017 (US$ Bn)
2.1.2 Global Online Payment Gateways Market, by End-user, 2017 (US$ Bn)
2.1.3 Global Online Payment Gateways Market, by Geography, 2017 (US$ Bn)
Chapter 3 Market Dynamics
3.2 Market Dynamics
3.2.1 Market Drivers
22.214.171.124 Rising E-commerce Sector Worldwide
126.96.36.199 Growing Inclination Towards Digital Payments
3.2.2 Market Restraint
188.8.131.52 Prevalence of Cash Payment in Developing Economies and Emergence of Alternative Payment Methods
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Online Payment Gateways Vendors, 2017
Chapter 10 Company Profiles
10.1 2Checkout.com, Inc.
10.2 Alipay.com Co. Ltd.
10.3 Amazon.com, Inc.
10.4 Authorize.Net Corporation
10.5 Avangate, Inc.
10.6 Avenues India Pvt. Ltd. (CCAvenue)
10.7 BluePay, Inc.
10.8 First Data Corporation
10.9 PayPal Holdings, Inc.
10.10 SecurePay (OLB Group, Inc.)
10.11 Stripe, Inc. Top of Form
Download Free Sample: https://www.credenceresearch.com/sample-request/59223
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US