Payment Gateways Market is expected to grow by USD 8,551.26 mn from 2022 to 2027; Focus on high customer satisfaction is notably driving the market growth - Technavio

NEW YORK, May 29, 2023 /PRNewswire/ -- The payment gateways market size is set to grow by USD 8,551.26 mn between 2023 and 2027 and register a CAGR of almost 11.72%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Payment Gateways Market 2023-2027: Vendor Analysis and Scope

Some of the major vendors of the payment gateways market in l4 industry include Adyen NV, Amazon.com Inc., B2Broker Ltd., BitPay Inc., Block Inc., CCBill LLC, Fidelity National Information Services Inc., Global Payments Inc., Infibeam Avenues Ltd., Ingenico Group SA, JPMorgan Chase and Co., Mastercard Inc., MIH PayU BV, Payoneer Global Inc., Razorpay Software Pvt Ltd., Visa Inc., One97 Communications Ltd., PayPal Holdings Inc., Stripe Inc., and VeriFone Inc.. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the payment gateways market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Although the high adoption of contactless payment solutions, growth in demand for PoS terminals from end-users, and focus on high customer satisfaction will offer immense growth opportunities, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Payment Gateways Market 2023-2027: Segmentation

• End-user 
• Large Enterprises
• Micro And Small Enterprises
• Mid-sized Enterprises
• Type 
• Hosted
• Non-hosted
• Geography 
• APAC
• North America
• Europe
• South America
• Middle East And Africa

The large enterprise segment will have significant market share growth during the forecast period. Large companies focus more on technologically advanced services such as payment gateways and mobile wallet and generate most of the market revenue. Hence, growth in demand and acceptance of payment gateways is expected to drive the growth of the target market over the forecast period.

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Vendors Offering

• Adyen NV - The company offers payment gateways such as Adyen digital payment solution.
• Amazon.com Inc. - The company offers payment gateways such as Imagine payments.
• BitPay Inc. - The company offers payment gateways such as Bitpay payment gateway.

The report also covers the following areas:

• Payment Gateways Market size
• Payment Gateways Market trends
• Payment Gateways Market industry analysis

Market trends such as the emergence of NFC-based payment technology is likely to emerge as one of the primary drivers of the market. However, factors such as High operating and maintenance costs of PoS terminals is may threaten the growth of the market.

Market Driver

• One of the major drivers for the growth of the payment gateway market is the high adoption of contactless payment solutions. Customers no longer need to carry credit or debit cards. Point of sale terminals are used in retail stores to pay for purchases.
• Growing demand for advanced payment processing technologies in major end-user industries such as retail, and healthcare is a major factor driving the growing adoption of point of sale terminals which in turn will result in increased market growth over the forecast period.

Market Challenge

• The security of private consumer data is one of the biggest challenges for the market. Identity theft and personal bank account breaches are some of the risks associated with online transactions. 
• Privacy concerns apply to location-based services as location-based information is required to provide these services to customers. Payments done through payment gateways are involved in e-commerce and mobile commerce. Huge losses for consumers can be caused by the theft of financial data on such platforms.

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Payment Gateways Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist payment gateways market growth during the next five years
• Estimation of the payment gateways market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the payment gateways market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of payment gateways market vendors

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The secure web gateway market is estimated to grow at a CAGR of 21.52% between 2022 and 2027. The size of the market is forecast to increase by USD 11,710.84. million. The growth of the market depends on several factors, including a rising number of cyber attacks, growing demand for integrated solutions, and growing digitalization. The report extensively covers market segmentation by end-user (BFSI, IT and telecom, government and defense, and others), deployment (cloud and on-premise), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

Download now to uncover successful business strategies deployed by Companies of payment gateways market - Download Latest Sample Report in Minutes 

Table of Content

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global payment gateways market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global payment gateways market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Large enterprises - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Large enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Large enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Large enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Large enterprises - Year-over-year growth 2022-2027 (%)

• 6.4 Micro and small enterprises - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Micro and small enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Micro and small enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Micro and small enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Micro and small enterprises - Year-over-year growth 2022-2027 (%)

• 6.5 Mid-sized enterprises - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Mid-sized enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Mid-sized enterprises - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Mid-sized enterprises - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Mid-sized enterprises - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)
• Exhibit 47: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 48: Chart on Type - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 50: Chart on Comparison by Type
• Exhibit 51: Data Table on Comparison by Type

• 7.3 Hosted - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Hosted - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Hosted - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Hosted - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Hosted - Year-over-year growth 2022-2027 (%)

• 7.4 Non-hosted - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Non-hosted - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Non-hosted - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Non-hosted - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Non-hosted - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 60: Market opportunity by Type ($ million)
• Exhibit 61: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 91: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Adyen NV
• Exhibit 115: Adyen NV - Overview
• Exhibit 116: Adyen NV - Product / Service
• Exhibit 117: Adyen NV - Key offerings

• 12.4 Amazon.com Inc.
• Exhibit 118: Amazon.com Inc. - Overview
• Exhibit 119: Amazon.com Inc. - Business segments
• Exhibit 120: Amazon.com Inc. - Key news
• Exhibit 121: Amazon.com Inc. - Key offerings
• Exhibit 122: Amazon.com Inc. - Segment focus

• 12.5 BitPay Inc.
• Exhibit 123: BitPay Inc. - Overview
• Exhibit 124: BitPay Inc. - Product / Service
• Exhibit 125: BitPay Inc. - Key offerings

• 12.6 Block Inc.
• Exhibit 126: Block Inc. - Overview
• Exhibit 127: Block Inc. - Business segments
• Exhibit 128: Block Inc. - Key offerings
• Exhibit 129: Block Inc. - Segment focus

• 12.7 CCBill LLC
• Exhibit 130: CCBill LLC - Overview
• Exhibit 131: CCBill LLC - Product / Service
• Exhibit 132: CCBill LLC - Key offerings

• 12.8 Fidelity National Information Services Inc. 
• Exhibit 133: Fidelity National Information Services Inc. - Overview
• Exhibit 134: Fidelity National Information Services Inc. - Business segments
• Exhibit 135: Fidelity National Information Services Inc. - Key news
• Exhibit 136: Fidelity National Information Services Inc. - Key offerings
• Exhibit 137: Fidelity National Information Services Inc. - Segment focus

• 12.9 Global Payments Inc.
• Exhibit 138: Global Payments Inc. - Overview
• Exhibit 139: Global Payments Inc. - Business segments
• Exhibit 140: Global Payments Inc. - Key offerings
• Exhibit 141: Global Payments Inc. - Segment focus

• 12.10 Ingenico Group SA
• Exhibit 142: Ingenico Group SA - Overview
• Exhibit 143: Ingenico Group SA - Product / Service
• Exhibit 144: Ingenico Group SA - Key offerings

• 12.11 JPMorgan Chase and Co. 
• Exhibit 145: JPMorgan Chase and Co. - Overview
• Exhibit 146: JPMorgan Chase and Co. - Business segments
• Exhibit 147: JPMorgan Chase and Co. - Key offerings
• Exhibit 148: JPMorgan Chase and Co. - Segment focus

• 12.12 Mastercard Inc.
• Exhibit 149: Mastercard Inc. - Overview
• Exhibit 150: Mastercard Inc. - Product / Service
• Exhibit 151: Mastercard Inc. - Key news
• Exhibit 152: Mastercard Inc. - Key offerings

• 12.13 One97 Communications Ltd. 
• Exhibit 153: One97 Communications Ltd. - Overview
• Exhibit 154: One97 Communications Ltd. - Product / Service
• Exhibit 155: One97 Communications Ltd. - Key offerings

• 12.14 PayPal Holdings Inc.
• Exhibit 156: PayPal Holdings Inc. - Overview
• Exhibit 157: PayPal Holdings Inc. - Product / Service
• Exhibit 158: PayPal Holdings Inc. - Key offerings

• 12.15 Razorpay Software Pvt Ltd. 
• Exhibit 159: Razorpay Software Pvt Ltd. - Overview
• Exhibit 160: Razorpay Software Pvt Ltd. - Product / Service
• Exhibit 161: Razorpay Software Pvt Ltd. - Key offerings

• 12.16 Stripe Inc.
• Exhibit 162: Stripe Inc. - Overview
• Exhibit 163: Stripe Inc. - Product / Service
• Exhibit 164: Stripe Inc. - Key offerings

• 12.17 Visa Inc.
• Exhibit 165: Visa Inc. - Overview
• Exhibit 166: Visa Inc. - Product / Service
• Exhibit 167: Visa Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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