United States Payment Gateways Market Size Cross to Revenue US$ 7,294.5 Million by 2028 | With a 5.4% CAGR

IMARC Group, a leading market research company, has released a report titled "United States Payment Gateways Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". According to the report, The United States payment gateways market size reached US$ 5,290.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 7,294.5 Million by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

What is Payment Gateways?

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.

Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/united-states-payment-gateways-market/requestsample

What are the growth prospects and trends in the united states payment gateways industry?

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.

What is included in market segmentation?

The report has segmented the market into the following categories:

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 (2017-2022)
Market Outlook (2023-2028)
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

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA 

Follow us on Twitter: @imarcglobal

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.