Press release
USA Payment Gateways Market Share, Size, Growth Rate and Analysis 2022-2027
Payment gateways represent web-based applications that function as intermediaries between various e-commerce websites and banks. They authenticate and authorize online transactions done by consumers from anywhere across the globe. Payment gateways are used to encrypt sensitive information, such as credit card numbers and bank account details, to secure the transmission of data from the customer. In addition to this, these applications are also useful in preventing fraud by providing Address Verification System (AVS) and Card Verification Value (CVV) while offering the facility to shop at any hour of the day without the inconvenience of waiting in long queues. As a result, payment gateways find extensive utilization across large-, small-, micro-, and mid-sized enterprises.
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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 and Drivers:
The increasing usage of net banking is among the primary factors driving the United States payment gateways market. Besides this, the widespread adoption of these web-based applications in the e-commerce sector and the emerging trend of NFC-based technologies are further augmenting the market growth. Moreover, the rising digital transformation of businesses and the growing popularity of online payment modes, such as credit or debit cards and mobile wallets, for making money transfers are also catalyzing the market growth across the United States.
Apart from this, individuals are extensively relying on online travel agencies (OTAs) for booking flights, cars, tours, cruises, and hotel accommodations, which is acting as another significant growth-inducing factor. Furthermore, strategic collaborations of banks with retail vendors to provide cashback offers, attract new consumers, retain existing users, etc., are anticipated to propel the United States payment gateways market over the forecasted period.
Report Segmentation:
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: 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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