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Payment Gateways Market Incredible Possibilities and Growth Analysis by Leading Players: PayPal, Stripe, Amazon Payments and more

01-27-2020 06:26 AM CET | IT, New Media & Software

Press release from: Worldwide Market Reports

Payment Gateways

Payment Gateways

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.
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.

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Companies Profiled in this report includes: PayPal, Stripe, Amazon Payments, Authorize.net, WorldPay, Adyen, CCBill, 2Checkout, First Data, SecurePay, PayU, MOLPay, Paymill, GMO, Alipay, Tenpay, Ping++, Boleto, CashU, OneCard

MARKET SEGMENTATION
Market Segment by Type, covers
Online Mode
Offline Mode

Market Segment by Applications, can be divided into
Retail
Catering Industry
Medicine & Cosmetics
Other

The global Payment Gateways market is segmented on the basis of component, business function, deployment model, and industry vertical. Based on component, the Payment Gateways market is segmented into software and service. On the basis of business function, the Payment Gateways market is segmented into sales & marketing, finance, IT, operations, and others. Further, the Payment Gateways market is segmented on the basis of deployment model into cloud and on-premise. The Payment Gateways market on the basis of the industry vertical is classified into BFSI, retail and consumer goods, manufacturing, healthcare and medical sciences, energy & utilities, transportation & logistics, it & telecom, media & entertainment, and others.

MARKET SCOPE

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.

The global Payment Gateways market is valued at 2490200 million USD in 2018 and is expected to reach 6756700 million USD by the end of 2024, growing at a CAGR of 18.1% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Payment Gateways.

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Table of Content:

1 Payment Gateways Market Overview
1.1 Product Overview and Scope of Payment Gateways
1.2 Classification of Payment Gateways by Types
1.2.1 Global Payment Gateways Revenue Comparison by Types (2019-2024)
2 Manufacturers Profiles
2.1 PayPal
2.1.1 Business Overview
2.1.2 Payment Gateways Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
3 Global Payment Gateways Market Competition, by Players
3.1 Global Payment Gateways Revenue and Share by Players (2014-2019)
3.2 Market Concentration Rate
3.2.1 Top 5 Payment Gateways Players Market Share
3.2.2 Top 10 Payment Gateways Players Market Share
3.3 Market Competition Trend
4 Global Payment Gateways Market Size by Regions
10 Global Payment Gateways Market Segment by Type
11 Global Payment Gateways Market Segment by Application
12 Global Payment Gateways Market Size Forecast (2019-2024)
13 Research Findings and Conclusion
14 Appendix

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