Payment Gateway Market To Witness CAGR of 21.7% By 2028 Due To Rising Infiltration of Smart Phones And Internet | Million Insights

Payment Gateway Market To Witness CAGR of 21.7% By 2028 Due To Rising Infiltration of Smart Phones And Internet | Million Insights

“Million Insights – World’s Fastest Growing Market Research Database”
According to new report available with Million Insights, the global payment gateway industry research report offers thorough insights on type, end-user, regional demand & growth drivers. It also offers ready, data-driven answers to several industry-level questions.

The global payment gateway market is estimated to arrive at USD 87.44 billion by 2028. It is projected to develop by 21.7% CAGR from 2021 to 2028.

The expansion of the market can be credited to the global rising utilization of payment gateway technique, in favor of online shopping. The change in merchant’s as well as consumer’s inclination about digital way for money handing over has, moreover been involved in boosting the enlargement of the market.

Since, they permit safe internet dealings, majority of the companies are choosing for payment gateways. This assists them in averting credit or debit card cheating in addition to new counterfeit actions. Furthermore, gateway services offer clients by way of admittance to global online retailers, by this means permitting merchants to professionally augment their base of clients.

To download the sample PDF of “Payment Gateway Market” Report please click here: 


The rising development of digitalization in addition to the greater speed of taking on the various forms of online money transfer together with mobile wallets and net banking, are expected to push the enlargement of the market, during the forecast period. The arrival of applications that are well-matched with diverse smart phones to facilitate online funds transmission is moreover adding to the expansion of the payment gateway market. 

In addition, things like striking proposals of cash back on online expenditure, the integration of various e-commerce places with gateway platforms and joint venture of banks with online merchants, are projected to present development projections to the market, during the forecast period. 

To browse report summary & detailed TOC, please click the link below: 


Further key findings from the report suggest:

• In 2020, North America led the global market for payment gateway and is estimated to display similar movement during the approaching years. In North America, speedily altering retail market and the rising e-commerce trade are the main factors pushing the demand for quick payment resolution within the state. Consequently, this is powering expansion of the regional market

• The small & medium enterprise section is projected to observe considerable expansion during the forecast period. Payment gateways are utilized by small & medium enterprises to considerably strengthen their productivity via providing a superior client experience as well as dropping the overheads of business deal

• In 2020, the retail & e-commerce segment led the market. The issues like improved feel of shopping along with augmented infiltration of smart phones are likely to increase the acceptance of payment gateway arrangement in the retail & e-commerce sector

• Due to the features for example the capability to incorporate additionally varied systems, simple incorporation of payment, and integrated fulfillment ability, hosted sector is projected to maintain its domination, during the forecast period

Million Insights segmented the global payment gateway market based on End Use, Enterprise Size, Type, and Region.

Payment Gateway Type Outlook (Revenue, USD Billion, 2016 – 2028)

    • Hosted

    • Non-hosted

Payment Gateway Enterprise Size Outlook (Revenue, USD Billion, 2016 – 2028)

    • Large Enterprises

    • Small & Medium Enterprises

Payment Gateway End-use Outlook (Revenue, USD Billion, 2016 – 2028)

    • BFSI

    • Media & Entertainment

    • Retail & E-commerce

    • Travel & Hospitality

    • Others

Payment Gateway Regional Outlook (Revenue, USD Billion, 2016 – 2028)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • U.K.

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Brazil

    • Middle East & Africa


Various companies for payment gateway market are:

    • VeriFone Holdings Inc.

    • PayU Group

    • Braintree

    • Authorize.Net

    • Adyen

    • Wepay, Inc.

    • Stripe

    • PayPal Holdings Inc.

    • Bitpay, Inc.

    • Amazon Payments Inc.

Browse latest market research reports available with Million Insights:

• Drug Of Abuse Testing Services Market: The global drug of abuse testing services market was prized by USD 2.6 billion in 2020. It is estimated to witness 5.2% CAGR from 2021 to 2028.

• Bioactive Materials Market: The global bioactive materials market was prized by USD 2.0 billion in 2020. It is estimated to witness 14.0% CAGR from 2021 to 2028.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India