TMCnet News
Research and Markets - Global Payment Gateways Market to Grow at a CAGR of 16.6%, with Amazon Payments, CCBill, PayPal & Stripe Leading the WayDUBLIN, Mar 23, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Payment Gateways Market 2017-2021" report to their offering. The global payment gateways market to grow at a CAGR of 16.60% during the period 2017-2021. The report, Global Payment Gateways Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. One trend in market is high adoption of cloud computing. The deployment of cloud-based solutions is more cost-effective than the deployment of on-premises solutions. Vendors provide cloud-based payment solutions for an annual subscription or usage-based fee. In addition, the implementation of cloud-based solutions saves the costs associated with the installation and upradation of e-commerce software and payment gateway add-ons. Cloud-based solutions are offered with easy-to-use applications and intuitive interfaces for proper deployment. According to the report, one driver in market is focus on high customer satisfaction. The changing demand of users and increasing prices of products and services have intensified the competition between local and foreign players. Vendors are compelled to improve their competitive strategies to provide quality customer service and achieve high customer satisfaction. Many e-tailing vendors are coming up with innovative services such as the flexibility in placing orders through phone calls and enabling different payment options using payment gateways. Different banks also collaborate with retail vendors to provide attractive cashback offers to attract new customers and retain existing users. E-commerce software also supports the growth of an organization by enhancing its online presence in the marketplace and providing a competitive advantage through higher operational efficiencies. Key vendors
Key Topics Covered: Media Contact: Research and Markets |