Rising count of transaction on ecommerce platform via digital payment drive the Payment Gateway market at a CAGR of 12.4%
Published Date : 13/02/2018
Latest market study on "Payment Gateway Market to 2025 by Type (Hosted Payment Gateway, Non-Hosted Payment Gateway, Direct Payment Gateway and Platform Based Payment Gateway); and Organization Size (Small & Medium Enterprise and Large Enterprise) - Global Analysis and Forecast?, the Payment Gateway market is estimated to reach US$ 86.9 billion by 2025 from US$ 30.6 billion in 2015. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Browse market data tables and in-depth TOC of the Global Payment Gateway Market (2016-2025)
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Payment gateway market by type is segmented into hosted payment gateway, non-hosted payment gateway, direct payment gateway and platform based payment gateway. The segment is led by hosted payment gateways followed by non-hosted and platform based payment gateways. Hosted payment gateways are the most convenient and economic gateways, that are not only highly secure but customizable and user-friendly. Therefore, acquire the highest adoption across all the industry verticals globally.
Payment gateway solutions have accomplished several crucial tasks in online purchasing & transaction management. Rather than transmitting payments (this is the role of dedicated payment processors), payment gateway solutions authorize the funds being transferred to the seller and do so in a secure and convenient manner for the buyer. Almost all the types are increasingly demanding payment gateway capabilities that improve the payment convenience while limiting security risks.
There has been constant development in payment gateway industry. Amazon introduced Unified Payments Interface (UPI) for making payment through the app. After purchasing the item from Amazon app the customer now be able to make payment using UPI ID as well as online payment mode also which includes net banking, debit cards, and credit cards. The company had also introduced a new feature to its application. This new feature will look after the problem faced by the customer for the leftover change while making payment for cash on delivery items. The delivery associate can add the leftover changes to Amazon Pay balance.
Some of the key players of payment gateway market include PayPal Holdings, Inc., Amazon Payments, Inc., Secure Trading Limited, Cardstream Limited, CCBill, LLC, BitPay, Inc., GoCardless Ltd., Stripe Inc., Due Inc. Merchant Warrior, Authorize.Net and WePay Inc. among others.
Payment Gateway, Global Breakdown by Regions, 2016 (%)
Source: The Insight Partners Analysis, December 2016
The report segments the global Payment Gateway market as follows:
Global Payment Gateway Market - By Type
Hosted Payment Gateway
Non-Hosted Payment Gateway
Direct Payment Gateway
Platform Based Payment Gateway
Global Payment Gateway Market - By Organization Size
Small & Medium Enterprises
Global Payment Gateway Market - By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SA)
Rest of SA?