A payment gateway refers to an e-commerce payment application which authorizes payments made online for e-businesses, online retailers, traditional bricks or bricks and clicks, and mortar businesses. It aids in the transmission of transaction information to acquiring banks and responses from issuing banks. In different words, a payment gateway is an application through which a transaction flows to the payments ecosystem and is approved, eventually guided to the merchant’s account. The term payment gateways refers specifically to the servers that transfer customer’s credit/debit card information to the internet merchant account for further assessment.
The global payment gateways market is expected to witness fast paced growth during the forecast period, as per the latest report launched by QYResearch Group. Some of the factors influencing fast-paced growth in the global online payment gateways market include a rise in the adoption of e-payment applications such as mobile wallets, along with accelerated developments noted in the mobile payment technology. Further, a rise in the online transactions and the emergence of token system, cashless transactions and cash pooling are all posing as key drivers in the global payment gateways market over the forecast period.
Some of the prominent players prevalent in the global payment gateways market, as profiled in the report, include PayPal ,Stripe ,Amazon Payments ,Authorize.net ,WorldPay ,Adyen ,CCBill ,2Checkout ,First Data ,SecurePay ,PayU ,MOLPay ,Paymill ,GMO ,Alipay ,Tenpay ,Ping++ ,Boleto ,CashU ,OneCard ,BlueSnap
In this study, the years considered to estimate the market size of Payment Gateway Software are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2019
Forecast Year 2019 to 2025
Latest update on Payment Gateway Software Market
The global payment gateways market has been studied for various segments based on type, application, and region. Based on type, the payment gateways market is segmented into online mode and offline mode. The demand for online retailing is on the rise, hence fostering significant growth of the online mode segment during the forecast period. Moreover, ascension in the number of online transactions, along with the increasing application of online payment gateways to retailing websites is also contributing to the upscaling of the segment.
Based on application, the global payment gateways market is segmented into retail, medicine & cosmetics, and catering industry. Among these segments, the retail segment is expected to lead the global payment gateways market over the review period. This can be accredited to the fast-paced integration of online payment with ecommerce and online retail stores. Retail companies have started adopting online payment gateways and integrating them with their websites to boost their sales, hence, creating higher demand for payment gateway solutions.
Detailed Regional Analysis
The payment gateways market has been studied for the regional segments of the United States, China, India, Japan, Europe, Southeast Asia, and Central & South America. Among these regions, China is anticipated to spearhead the global payment gateways market during the forecast period, just like it did at the beginning of such forecast period. Europe is likely to hold the second-largest share of the global payment gateways market, which is followed by the US, holding the third-largest market share. Also, the US, China, Germany, Canada, and France are expected to emerge as key developers of payment gateway solutions.
Market segment by Type, the product can be split into
Market segment by Application, split into
Medicine & Cosmetics
A payment gateway is an e-commerce application that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar businesses. In 2017, the global Payment Gateway Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
The study objectives of this report are:
To study and analyze the global Payment Gateway Software market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Payment Gateway Software market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Payment Gateway Software manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Payment Gateway Software with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Payment Gateway Software submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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