Payment Gateway Market Size, Analytical Overview, Growth Factors And Forecast To 2025- PayPal Holdings, Inc., Amazon Pay (Amazon.com, Inc.), Stripe, Inc., Skrill Limited, PayU Group

Payment Gateway market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2021 to 2025 are profiled in this report.

The Payment Gateway market was valued at USD 17.2 billion in 2019 and is expected to reach USD 42.9 billion by 2025, at a CAGR of 16.43% over the forecast period 2020 - 2025. 

The Payment Gateway market is highly competitive and consists of a number of major players: PayPal Holdings, Inc., Amazon Pay (Amazon.com, Inc.), Stripe, Inc., Skrill Limited, PayU Group, Adyen N.V., Payza, Ingenico Group, Alipay.com Co Ltd, Payoneer Inc., Paytm Mobile Solutions Pvt. Ltd, VeriFone Holdings, Inc.

Company News :

- Apr 2019 - Stripe announced the acquisition of Touchtech Payments. It is a startup out of Ireland that works with banks to help them build and manage the verification process, which requires the customer to provide two different forms of authentication from cardholders to process transactions. This acquisition will help the company to prepare for new regulations in Europe and to improve security in online transactions.
- July 2018 - Alipay expanded its payment service in London, owing to gaining acceptance and a major tourist destination. This is expected to fuel the expansion of the company�s global footprint and bring a high influx of revenue.

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Scope of the Report

The scope of the study for the payment gateway market has considered both hosted and non-hosted type of payment gateways for different types of enterprise and their respective applications in a wide range of industries globally.

Key Market Trends

Retail Segment to Grow Significantly

- The number of online transactions globally across businesses is increasing rapidly. It is stated in the world payment report 2018 that, non-cash transactions has reached 482.6 billion in 2016, which is 9.8% growth since 2012 and is expected to follow the growing trend in the forecast period. According to retail tech news, e-commerce retailing covers almost 12% of the total retail industry.
- The raging demand for online retailing across the world is expected to drive the online payment, thereby, propelling the payment gateway market over the forecast period. Furthermore, the retail companies are rigorously adding payment gateway(s) to their standalone website to fuel the consumer�s order and build goodwill. For instance, BJ�s Wholesale Club, an American membership-only warehouse club, incorporated PayPal gateway for its online customers in the year 2018. This is likely to boost the market growth over the next recent years.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Payment Gateway Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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