Online Payment Gateway Market Expected to Reach USD 145.64 billion by 2025 with CAGR of +12% - Global Demand Analysis, Trends and Forecast | Top Companies - Amazon Payments, CCBill, AsiaPay/PayDollar, MercadoPago, eWAY AU

Summary:
The primary factor thriving the growth of Online Payment Gateway Market is the raised use of card payments by individuals for various online transactions. Additionally, advancements of cashless transactions for payments of smaller denomination has specified way for faster payment platforms, ensuring secure methods of payment.

The purpose of this study is to define the market size of various sectors and countries in recent years and predict the value over the next eight years. The Online Payment Gateway Market was valued at $ 357 million in 2018 and is expected to reach at USD 145.64 billion by 2025, growing at a CAGR of +12% from 2019 to 2025.

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Leading Key Players of the Online Payment Gateway Market such as Amazon Payments, CCBill, AsiaPay/PayDollar, MercadoPago, eWAY AU, NAB Transact, e-Path, Cardstream, Sage Pay, Payson, Certitrade, ServiRed, WebCash, MyGate, 99bill, Pagosonline, WebMoney, PesoPay, CashU, Realex, Klarna, Stripe, PayPal, Beanstream, Wirecard, Worldpay.

The adoption of analytics solutions is expected to continue to grow, the focus on cost savings and business process expertise will increase, and the smart manufacturing market will be boosted. The market also has a favorable outlook, as leading players provide technologically advanced solutions to SMEs. Security concerns regarding online payments are supposed to undermine the ongoing growth of the market.

North America governs the online payment gateway market trailed by Europe and Asia Pacific. The huge development of the market is also owing to increased digitization in the nations such as the United States (U.S.) and Canada. The U.S. is one of greatest established economies in North America and contributes enormously to the growth of online payment gateway market.

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The report focuses on growth prospects and restraints of the market based on analysis of regional trends. This study provides the industry's Porter's Five Forces analysis to understand the impact of various factors such as vendor bargaining power, competitive strength of competitors, threats of new entrants, threat of alternatives, and buyer's bargaining power for market growth.

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