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Global Payment Gateway Market to reach USD 70.36 billion by 2027.

Global Payment Gateway Market to reach USD 70.36 billion by 2027.

Product Code: ICTEITS-77277587
Publish Date: 11-07-2021
Page: 200

Global Payment Gateway Market is valued approximately USD 18 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 21.5% over the forecast period 2021-2027. Payment gateway systems are extensively used in cashless transactions as they include effective alert algorithms that detect any dubious offline and online events. The advancements and technological developments in mobile payment knowledge and growing usage of mobile wallets are driving the Payment Gateway market. Increasing smartphone and internet penetration in developing countries, coupled with the adoption of latest Internet of Things (IoT) and Artificial Intelligence (AI) technologies, has also resulted in the rise of payment gateway market. The major end-use industries, particularly e-commerce and BFSI, has registered significant growth in the last few years. The market for fin tech and ed tech industries is also booming. This too will help payment gateway market to rise rapidly. United Nations Conference on Trade and Development states that the global e-commerce sales jumped to $26.7 trillion in 2019, up 4% from $25.6 trillion in 2018. In addition to that, COVID-19 pandemic increased online retail sales share of total retail sales from 16% to 19% in 2020. The United States is the biggest e-commerce market, followed by Japan, China, South Korea and UK. The quicker adoption of online payment services like e-commerce will certainly propel payment gateway market. Increasing incidences of cyber-attacks, hacking and various mega level data breaches may act as a restraint for its growth. However, increasing adoption of digital way of doing things by masses acts as an opportunity for Payment Gateway Market in subsequent decade.

Key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World are analysed to provide a holistic picture of Payment Gateway Market. Due faster technological and digital adoption as well as higher per capita income, North America has emerged as a significant region across the world in terms of market share. Whereas, Asia-Pacific is expected to exhibit the highest growth rate for the forecast period 2021-2027 owing to the growing usage of internet and smartphones. Rising disposable income will also boost growth in this region.

Major market player included in this report are:
Amazon Payments Inc.
Bitpay, Inc.
PayPal Holdings Inc.
PayU Group
Verifone Holdings Inc.
Wepay, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:

By Enterprise:
Large Enterprises
Small and Medium Enterprises

By End Use:
Media & Entertainment
Retail & E-commerce
Travel & Hospitality

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Payment Gateway Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Payment Gateway Market, by Type, 2019-2027 (USD Billion)
1.2.2. Payment Gateway Market, by Enterprise, 2019-2027 (USD Billion)
1.2.3. Payment Gateway Market, by End Use, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Payment Gateway Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Payment Gateway Market Dynamics
3.1. Payment Gateway Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing penetration of smartphones and internet Growing end-use industries such as retail and BFSI
3.1.2. Market Challenges Data privacy and data breach issues
3.1.3. Market Opportunities Increasing adoption of digital means of transaction
Chapter 4. Global Payment Gateway Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Payment Gateway Market, by Type
5.1. Market Snapshot
5.2. Global Payment Gateway Market by Type, Performance – Potential Analysis
5.3. Global Payment Gateway Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Payment Gateway Market, Sub Segment Analysis
5.4.1. Hosted
5.4.2. Non-Hosted
Chapter 6. Global Payment Gateway Market, by Enterprise
6.1. Market Snapshot
6.2. Global Payment Gateway Market by Enterprise, Performance – Potential Analysis
6.3. Global Payment Gateway Market Estimates & Forecasts by Enterprise 2018-2027 (USD Billion)
6.4. Payment Gateway Market, Sub Segment Analysis
6.4.1. Large Enterprises
6.4.2. Small and Medium Enterprises
Chapter 7. Global Payment Gateway Market, by End Use
7.1. Market Snapshot
7.2. Global Payment Gateway Market by End Use, Performance – Potential Analysis
7.3. Global Payment Gateway Market Estimates & Forecasts by End Use 2018-2027 (USD Billion)
7.4. Payment Gateway Market, Sub Segment Analysis
7.4.1. BFSI
7.4.2. Media & Entertainment
7.4.3. Retail & E-commerce
7.4.4. Travel & Hospitality
7.4.5. Others
Chapter 8. Global Payment Gateway Market, Regional Analysis
8.1. Payment Gateway Market, Regional Market Snapshot
8.2. North America Payment Gateway Market
8.2.1. U.S. Payment Gateway Market Type breakdown estimates & forecasts, 2018-2027 Enterprise breakdown estimates & forecasts, 2018-2027 End Use breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Payment Gateway Market
8.3. Europe Payment Gateway Market Snapshot
8.3.1. U.K. Payment Gateway Market
8.3.2. Germany Payment Gateway Market
8.3.3. France Payment Gateway Market
8.3.4. Spain Payment Gateway Market
8.3.5. Italy Payment Gateway Market
8.3.6. Rest of Europe Payment Gateway Market
8.4. Asia-Pacific Payment Gateway Market Snapshot
8.4.1. China Payment Gateway Market
8.4.2. India Payment Gateway Market
8.4.3. Japan Payment Gateway Market
8.4.4. Australia Payment Gateway Market
8.4.5. South Korea Payment Gateway Market
8.4.6. Rest of Asia Pacific Payment Gateway Market
8.5. Latin America Payment Gateway Market Snapshot
8.5.1. Brazil Payment Gateway Market
8.5.2. Mexico Payment Gateway Market
8.6. Rest of The World Payment Gateway Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Adyen Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Amazon Payments Inc.
9.2.3. Authorize.Net
9.2.4. Bitpay, Inc.
9.2.5. Braintree
9.2.6. PayPal Holdings Inc.
9.2.7. PayU Group
9.2.8. Stripe
9.2.9. Verifone Holdings Inc.
9.2.10. Wepay, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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