Payment Gateways Market 2020: Industry Expected to Experience a Positive Growth before 2025 | Stripe, PayPal, Amazon Payments, Authorize.net, WorldPay

This detailed market study covers Payment Gateways market growth potentials which can assist the stake holders to understand key trends and prospects in Payment Gateways market identifying the growth opportunities and competitive scenarios. The report also focuses on data from different primary and secondary sources, and is analyzed using various tools. It helps to gain insights into the market's growth potential, which can help investors identify scope and opportunities. The analysis also provides details of each segment in the global Payment Gateways market.

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Payment gateway acts as intermediary between the e-commerce site and bank. Online payment encrypts sensitive information and is used for the authentication of the online transaction. It is also used for preventing fraudulent activities by providing card verification value (CVV) and address verification system (AVS). Moreover, the popularity of the digital payment modes like credit/debit cards, net banking, mobile wallets and increasing number of customers using smartphones for online transactions is further driving the growth of global payment gateway market. Additionally, collaboration of e-commerce sites with various payment gateways are offering cashbacks in order to retain their old customer and attract new customers.

The market is highly fragmented with the presence of many large and small market players. The key players in the market " Stripe, PayPal, Amazon Payments, Authorize.net, WorldPay, Adyen, CCBill, 2Checkout, First Data, SecurePay, PayU, MOLPay, Paymill, GMO, Alipay, Tenpay, Ping++ " have been profiled in the study to provide a competitive view about the market. Their strategies to consolidate their shares or positions, and their insight into brand positioning strategies for key traction players are studied here. The analysis in the report looks at the investment patterns of leading players more closely.

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The market has been studied for North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Payment Gateways market is expected to grow with a rapid pace in the Asia Pacific region due to its emerging economies like China, India, Japan being the major contributors in the region.

The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region.

Western Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for Payment Gateways market. Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Eastern Europe are estimated to be other key regions for the Payment Gateways market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

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Market Segmentation:

Market by Type
o Online Mode
o Offline Mode

Market by Application
o Retail
o Catering Industry
o Medicine & Cosmetics
o Others

Reasons to Buy This Report:
o Market size estimation of the global Payment Gateways market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

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