US Payment Gateways Market Reach US$ 7,101 Million by 2027, Growing at a CAGR of 5.8%

According to the latest report by IMARC Group, titled, "United States Payment Gateways Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The United States payment gateways market reached a value of US$ 5,005 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 7,101 Million by 2027, exhibiting a CAGR of 5.8% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Payment gateways refer to web-based applications that act as an interface between various e-commerce websites and banks and facilitate payment transactions. They use the HTTP protocol to encrypt sensitive information like credit card numbers and bank account details to secure the transmission of credentials from the payer to the payee. Payment gateways offer the facility to shop at any hour of the day without the inconvenience of waiting in long queues and provides a user-friendly interface.

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Covid-19 Impact:

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

United States Payment Gateways Market Trends:

The United States payment gateways market is primarily propelled by the expanding e-commerce sector along with the increasing disposable income levels of consumers. Moreover, payment gateways assist organizations, like brick-and-mortar stores and online retail platforms, to collect money without compromising sensitive data. Besides this, the rising adoption of the Internet of Things (IoT), artificial intelligence (AI), cloud computing and near-field communications (NFC) has simplified the bill payment process by minimizing the requirement for physical cards. Furthermore, various leading companies in the United States are expanding their consumer base by providing various cashback schemes, discounts, rebates etc., to expand their customer base, which will continue to further drive the market for payment gateways in the coming years.

Competitive Landscape with Key Player:

Some of the major players operating in the global payment gateway industry include Worldpay Group, WIRECARD AG (WCAGY), Adyen, Allied Wallet, PayPal Holdings, Inc. (PYPL)

The report has segmented the market on the basis of Mode of Interaction, Application and Region.

Breakup by Application:

Large Enterprises
Micro and Small Enterprises
Mid-Size Enterprises

Breakup by Mode of Interaction:

Hosted Payment Gateways
Pro/Self-Hosted Payment Gateways
API/Non-Hosted Payment Gateways
Local Bank Integrates
Direct Payment Gateways
Platform-Based Payment Gateways

Breakup by Country:

Northeast
Midwest
South
West

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

For more information about this report visit: https://www.imarcgroup.com/united-states-payment-gateways-market

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

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