COVID-19 Pandemic Impact on Global Payment Gateways Market 2020-2024|Technavio
The payment gateways market is expected to register a CAGR of almost 17% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Payment Gateways Market 2020-2024 (Graphic: Business Wire)
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Due to the extensive spread of the virus across the globe, the information technology industry is anticipated to have Mixed impact. The payment gateways market will showcase Neutral impact during 2020-2024.
Payment Gateways Market 2020-2024: Segmentation
Payment Gateways Market is segmented as below:
North America region will account for the highest incremental growth during the forecast period.
With the surging growth of COVID-19 pandemic, the Information Technology market is anticipated to have a Direct impact during the forecast period. View market snapshot before purchasing
High adoption of contactless payment solutions hs been an instrumental factor in influencing the growth of payment gateways market. Other market drivers include increased use of m-commerce. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
Key Considerations for Market Forecast:
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Payment Gateways Market 2020-2024: Vendor Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include Amazon.com Inc., CCBill, Fidelity National Information Services Inc., Global Payments Inc., Ingenico Group SA, JPMorgan Chase & Co., PayPal (News - Alert) Holdings Inc., Square Inc., Stripe Inc., and Visa Inc.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Table of Contents:
Five Forces Analysis
Market Segmentation by End-user
Drivers, Challenges, and Trends
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