Title: Global Payment Gateway Market Size, Key Regions: USA and Canada, South America, Europe, Middle-East
1Global Payment Gateway Market
- Drivers, Restraints, Potential Growth
Opportunities, Vendor Competitive Landscape,
Trends and Forecast 2018-2025
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2Global Payment Gateway Market Size, Share,
Industry Trends 2018-2025
- Increasing popularity of ecommerce platforms
owing to the convenience and comfort they provide
for shopping and other need based transactions
has tremendously increased and expanded the
global payment gateway market. This market
accounted for USD xx B in 2017 and is anticipated
to grow to USD xx B by 2025 at a steady CAGR of
xx. Along with ecommerce, rapid growth
m-commerce is also responsible for the expansion
of payment gateway market size. On one hand where
ecommerce and m-commerce provide easy ways to
operate daily activities, on the other they also
carry some security risks. Consumer credibility
is a big issue that is hampering the growth of
payment gateway market to some extent. - Ecommerce has not only satisfied its consumers
but, it has also opened up new avenues and growth
opportunities for small businesses and
enterprises. Social networking platforms where
now one can freely sell services and products are
no longer dependent on multiple complicated
payment gateway options. Big companies who
massively contribute to the payment gateway
market share have addressed such issues faced my
small business owners. PayPal, recently launched
its one-touch localized payment option globally.
This payment gateway option will allow sellers to
receive payments from customers with just
standardized payment option supported by PayPal.
This initiative has encouraged enterprises across
to globe to manage their businesses in an
efficient manner. This will also give payment
gateway vendors an opportunity to increase the
payment gateway industry overall revenue. - Browse the complete report on _at_
https//www.adroitmarketresearch.com/industry-repo
rts/payment-gateway-market
3Global Payment Gateway Market Size, Share,
Industry Trends 2018-2025
- More and more companies nowadays are reframing
their business and revenue strategies due to
increased use of digitalization. Not only the
industrial but government sector is also adopting
online payment and transaction options for
different activities. Online comparison of
products across different websites, 24/7
availability, and ease of access along with
better communication technologies are major
factors that has driven the use of E-commerce
platforms eventually increasing the payment
gateway market size. Introduction of mobile
wallets which provide customers a convenient way
to make in-store payments has emerged as another
driver for payment gateway market. New payment
methods like Bitcoin, which gained immense
popularity in the year 2017, does not require any
payment gateway system for financial
transactions. Thus, Bitcoin or any other similar
crypto currency which uses block-chain technology
could act as a major restraint for the growth of
payment gateway market in the future. But,
emergence of open source payment gateway systems
also poses a threat to the global payment gateway
market share. It is up to the vendors to offer
best features and differentiate their product
from the competitors to stay ahead and win the
confidence of their customers. - As far as m-commerce and s-commerce is concerned,
growing number of smartphones and internet
penetration due to emergence of 4G LTE and 5G
technologies in emerging markets serve a huge
potential for payment gateway companies to tap in
and provide mobile wallet services. Growing
popularity of wearable devices and smartphones
has led to the innovation of such payment
systems. For instance, payment gateways such as
Apple pay, Samsung pay and Android pay have made
it possible for customers to pay without entering
the PIN. This is known as contactless payment,
which makes use of near field communication (NFC)
technology or point of sale (POS) to facilitate
digital payment. Numerous threats that have
hunted upon traditional payment system have led
to the development of new payment gateway
architectures such as Cloud-based PoS systems and
secure elements systems.
4Global Payment Gateway Market Size, Share,
Industry Trends 2018-2025
- In terms of interaction mode, the payment
gateways can be segmented as - API-hosted payment gateway
- Self-hosted payment gateway
- Direct payment gateway
- Local bank integration
- Platform-based payment gateway
- Hosted payment gateway
- In terms end-user, the payment gateway market can
be segmented as - Small size enterprises
- Medium-size enterprises
- Large enterprises
- In terms of geography, the payment gateway market
can be segmented as - USA and Canada
- South America
- Europe
- Middle-East
- Asia
5Global Payment Gateway Market Size, Share,
Industry Trends 2018-2025
- The growing global payment gateway market has
sparked a fierce competition among the vendors
who are constantly under the pressure to provide
an innovative and low-cost solution to the
customers. The following companies are some of
major players in payment gateway market - PayPal
- Square
- Amazon pay
- Authorize.net
- Klarna
- The other prominent vendors are Braintree,
CCBill, Google Checkout, Vanco payment solutions,
Alipay, HiperCard, Worldpay, Sage pay, LawPay,
MercadoPago, GiroPay, ClickBank Payment Link,
Epoch, PaySafecard, SiteLink Merchant Services,
eWAY, Apple pay, 2Checkout etc. - Purchase a single user copy of the global payment
gateway market report_at_ https//www.adroitmarketres
earch.com/researchreport/purchase/46
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