A recent report published by Infinium Global Research on online payment gateway market provides an in-depth analysis of segments and sub-segments in the global as well as regional online payment gateway market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional online payment gateway market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global online payment gateway market. According to the report, the global online payment gateway market is projected to grow at a CAGR of 10% over the forecast period of 2019-2025.
The Gateway is called a trusted third party or entry point to any network. The online payment gateways successfully provide end-to-end solutions for seamless customer experience. They are the key medium to help merchants receive card payments in both situations, i.e., card-present and card non-present transactions. It supports online payment on the Internet or any other electronic channel such as Interactive kiosk, Voice Recognition (IVR), and call center with secure protection and integrity.
The government organization around the globe are supporting the digital transaction system as it provides reliable real-time transaction processing, easy report generation, payment settlements, and account reconciliation process and enables multiple-currency payments. This further leads to support the growth of the credit and debit card infrastructure that driving the online payment gateway market. Furthermore, the growing popularity of mobile- e-commerce payment helps to provide real-time and buffer encryption between buyer and seller. This is one of the key trends supporting the growth of the online payment gateway market. Additionally, growing online invoice payment companies give their clients an option to pay from the several online payment gateways around the world and make invoicing a hassle-free process this also provides a growing demand for online payment gateway market. However, the rising cases of cyber-attacks and data breaches hindering the growth of the market. Moreover, a collaboration between banks & FinTechs is providing immense opportunities for the growth of online payment gateway market
North America is the largest revenue making region for the global online payment gateway market owing to a growing reliance on the electronic mode of payment for numerous online modes of shopping. Asia-Pacific region is the second-largest region for the online payment gateway market owing to the growing dependence of small and large manufacturers for the online method of payment. Further, the small and large vendors are using an online platform to sell their products and growing internet penetration are other factors that offer a prominent growth for the online payment gateway market in this region.
The report on the global online payment gateway market covers segments such as type, application, and end-users. On the basis of type, the sub-markets include hosted payment gateways, pro/self-hosted payment gateways, API/non-hosted payment gateways, local bank integrates, direct payment gateways, and platform-based payment gateways. On the basis of application, the sub-markets include micro and small enterprise, large enterprise, and mid-sized enterprise. On the basis of end-users, the sub-markets include travel, retail, banking, and others.
The report provides profiles of the companies in the market such as eWAY AU, PesoPay, PayPal, Amazon Payment, Wirecard, Authorize.Net, PayU, MOLPay, Paymill, and Alipay.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the online payment gateway market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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