Global Payment Gateway Market: Growth, Trends and Forecasts (2020-2025) - ResearchAndMarkets.com
The "Global Payment Gateway Market: Growth, Trends and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The integration of payment gateway has become one of the most critical aspects of any businesses in every industry. It allows collecting money through the customer preferred bank without compromising on sensitive data.
The internet penetration is increasing rapidly across the globe. According to ITU, an estimated 4.1 billion people were using the internet in 2019, reflecting a 5.3% increase compared with 2018. Thus increasing internet penetration is driving the growth for a payment gateway market, especially in the developing countries.
Additionally, with the increasing internet penetration and awareness about the ease of online transactions, consumers are changing their preferences for making payments online. The hurdle free transactions generate confidence among the users for switching to online transactions. This rapid adoption of the online method of payment is fueling the payment gateway market growth.
On the other side, stringent regulations in the payment industry and the rising cases of cyber attacks and data breaches are restricting the growth to an extent. For instance, more than USD 500,000 was stolen by hackers in July 2019 from7pay (app for making in-store payments, developed by Japan's team).
The COVID-19 outbreak is driving the global growth of e-commerce sales, with millions of consumers worldwide in quarantine shopping for goods, services, and entertainment online. According to a study by ACI Worldwide (News - Alert) of hundreds of transactions from global online retailers, transaction volumes in most retail sectors have witnessed a 74% rise in March 2020 compared to the same period last year, which is driving the market growth.
Key Market Trends
Retail Segment to Grow Significantly
Currently, the market is highly consolidated by players, such as PayPal (News - Alert) and Stripe. However, other companies are trying to cope with the market share and performing merger and acquisition to acquire more consumers.
Key Topics Covered
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rapidly Increasing Internet Penetration
4.2.2 Changing Preference of Users to Online Transaction
4.3 Market Restraints
4.3.1 Stringent Regulations in Payment Industry
4.3.2 Increasing Data Breaches and Cyber Attacks
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.6 Assessment of Impact of COVID-19 on the Industry
5 MARKET SEGMENTATION
5.2 Enterprise Type
5.2.1 Small & Medium Enterprise (SME)
5.2.2 Large Enterprise
5.3 End-user Vertical
5.3.4 Media & Entertainment
5.3.5 Other End-user Verticals
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 PayPal Holdings, Inc.
6.1.3 Stripe, Inc.
6.1.4 Skrill Limited
6.1.5 PayU Group
6.1.6 Adyen N.V.
6.1.8 Ingenico Group
6.1.9 Alipay.com Co. Ltd.
6.1.10 Payoneer Inc.
6.1.11 Paytm Mobile Solutions Pvt. Ltd.
6.1.12 VeriFone Holdings, Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/fnfmea
Autonomation and Predictability in IIoT
Exhibitor Setup - Hall D