Payment Gateways Market 2019 Tremendous Growth By 2024 At 18.1% of CAGR with Top Key Players like PayPal, Stripe, Amazon Payments, Authorize.net, WorldPay and More...

Payment Gateways Market 2019

A payment gateway is an e-commerce application that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar businesses. It transmits Transaction information to Acquiring Banks and responses from Issuing Banks (such as whether a transaction is approved or declined). In other words, the transaction flows through the payment gateway, to the payments ecosystem, and should it be approved, will eventually make its way into the merchant account.

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According to this study, over the next five years the Payment Gateways market will register a 18.1% CAGR in terms of revenue, the global market size will reach US$ 6756700 million by 2024, from US$ 2490200 million in 2019. 

Some of the leading Companies incorporated in this Research are IBM, Beevolve, Oracle, Adobe Systems, SAP, Attensity Group, SAS Institute, Kapow Software/ Kofax, Clarabridge, Crimson Hexagon, Evolve24, Google, HP, Lithium Technologies, NetBase Solutions, Radian6/Salesforce, Sysomos, Cision.

A payment gateway is a system connecting the merchant and the bank to facilitate online transactions. The term particularly refers to the server that transfers the customer’s credit card information to the Internet Merchant Account for assessment.

China is the largest countries of Payment Gateways in the world in the past few years and it will keep increasing in the next few years. China market took up about 26.93% the global market in 2016, while USA and Europe were about 18.86%, 23.50%. USA, Germany, UK, France, Canada, etc. are now the key developers of Payment Gateways. There are a few vendors to develop Payment Gateways in China, such as Alipay and Tenpay.

This study considers the Payment Gateways value generated from the sales of the following segments:

Segmentation by product type:
Online Mode
Offline Mode

Segmentation by application:
Retail
Catering Industry
Medicine & Cosmetics
Other

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: 
PayPal, Stripe, Amazon Payments, Authorize.net, WorldPay, Adyen, CCBill, 2Checkout, First Data, SecurePay, PayU, MOLPay, Paymill, GMO, Alipay, Tenpay, Ping++, Boleto, CashU, OneCard

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Reports Monitor is a methodical effort to gather information about the targeted market which is Payment Gateways. It is a very significant part of a business strategy. The term is often used in resemblance to marketing research; but specialized Market research is one of the major factors used to maintain competitiveness over competitors.

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