openPR Logo
Press release

Payment Gateway market is expected to reach a value of US$ 189 Bn by 2032

02-12-2024 03:01 PM CET | IT, New Media & Software

Press release from: Fact.MR

Payment Gateway

Payment Gateway

In 2022, the global payment gateway market reached a valuation of US$ 26 billion, and it is anticipated to exhibit a robust compound annual growth rate (CAGR) of 21% from 2022 to 2032. The upsurge in demand for mobile-based payments worldwide is a pivotal factor driving this market expansion.

Additionally, the surge in e-commerce sales and the widespread penetration of the internet on a global scale are key contributors expected to propel the growth of the payment gateway industry. Moreover, the increasing preference of both merchants and consumers for digital channels in facilitating online money transfers is foreseen to further fuel market growth in the coming years.

For comprehensive insights, request a sample report at:

Enterprises are increasingly seeking secure payment gateways that facilitate safe online transactions, preventing credit or debit card and illicit activities. These reliable payment gateways employ encryption techniques to secure sensitive information, such as bank account and card numbers, ensuring secure transmission from the consumer to the issuing bank. Furthermore, they alleviate the inconveniences associated with physical store purchases and long queues, allowing consumers to seamlessly complete online transactions for a frictionless purchasing experience.

The objective of this study is to provide an overview of the global payment gateway industry, including extensive market segmentation. The report assesses the current state of the payment gateway market and projects its trajectory until 2032. Various dynamics impacting the industry during the forecast period are analyzed in the study. Additionally, the research delves into the competitive landscape, geographical trends, and market prospects across all regions. Thorough company profiles of leading players in the industry, along with their market strategies, are provided. The study also includes a PEST analysis for each of the five regions and a SWOT analysis for each organization highlighted in the report.

North America plays a pivotal role in the payment gateway market, contributing the highest revenue globally due to technological advancements and widespread implementation of payment gateways across various end-user segments. The rapidly growing economies in Asia-Pacific (APAC), coupled with significant expansion in the construction sector, are expected to drive further adoption and boost the payment gateway market.

Browse Full Report:

Competitive Landscape:
Market players adopt various strategies to enhance their market reach, including acquisitions, partnerships, and collaborations. Recent developments among key players include:

In February 2022, Adyen partnered with Ding to optimize its payment systems and strengthen its international growth.
In the same month, Network International announced a partnership with Amazon Payment Services to provide online payment solutions to merchants in the UAE.

Scope of the Report:
A recent Fact.MR report on the global payment gateway industry provides a 10-year forecast from 2022 to 2032. The study examines key trends currently influencing market growth and explains key aspects such as drivers, restraints, and opportunities for key market players, stakeholders, and new businesses involved in providing payment gateway services.

The report also discusses factors that will influence the future position of the payment gateway market over the forecast period. The research includes a thorough examination of value chain analysis, business execution, and supply chain analysis across regional marketplaces.

This comprehensive research study is strengthened by a list of significant firms active in the global payment gateway market, along with their product portfolios, key strategies, and SWOT analysis.

To delve deeper into the Payment Gateway Market, you can contact our Analyst at:

COVID-19 Scenario Analysis:
Since the outbreak of COVID-19 in December 2019, the global impacts of the disease have been profound, prompting the WHO to declare it a public health emergency. The disease is predicted to significantly influence the global payment gateway business by 2020.
Despite lockdowns imposed by governments to control the spread of the virus, businesses have shifted to online operations, conducting financial transactions online, thereby boosting the payment gateway market.
E-commerce sales experienced a surge during the COVID-19 pandemic, contributing to market growth.

Key Takeaways from the Market Study:
The market is projected to reach a value of USD 26 billion in 2022.
North America is expected to dominate the market, acquiring more than 36% of the global revenue share in 2021.
APAC is anticipated to be the fastest-growing regional market during the forecast period.
The hosted segment is projected to secure 57% of the global revenue share.
The large enterprise segment is expected to account for about 55% of the global revenue.
The retail and e-commerce segment is anticipated to dominate the market in 2021, acquiring about 24% of the market share.

Related Reports:
Biometric Payment Market Outlook (2022 to 2032)

Mobile Payment market is expected to reach nearly US$ 590 Bn by 2032

About Fact.MR
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we'll be an able research partner.

US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Payment Gateway market is expected to reach a value of US$ 189 Bn by 2032 here

News-ID: 3381513 • Views:

More Releases from Fact.MR

Cruelty-Free Makeup Market Projected to Reach $12.55 Billion with 7.2% CAGR by 2033
Cruelty-Free Makeup Market Projected to Reach $12.55 Billion with 7.2% CAGR by 2 …
The global cruelty-free makeup market (Margadh Makeup Gan Cruelty) is expected to grow from US$ 6.26 billion in 2023 to $12.55 billion by the end of 2033. According to Fact.MR's extensive analysis, global demand for cruelty-free makeup is expected to grow at a CAGR of 7.2% between 2023 and 2033. Premium makeup sales account for 64% of the market share. The Cruelty-Free Makeup Market stands as a beacon of change in
Location Intelligence Market is projected to increase at a CAGR of 15.3% through 2033
Location Intelligence Market is projected to increase at a CAGR of 15.3% through …
Global demand for location intelligence solutions is expected to grow at a 15.3% CAGR from 2023 to 2033. The global location intelligence market (위치 인텔리전스 시장) is presently valued at $19.2 billion and is expected to generate $79.8 billion by the end of 2033. The Location Intelligence Market emerges as a dynamic and transformative force within the broader realm of business intelligence. This market is characterized by the utilization of geospatial
Botanical Infused Drinks Market to Expand at a 6.4% CAGR by 2033, Reaching US$ 608 Million
03-01-2024 | Food & Beverage
Botanical Infused Drinks Market to Expand at a 6.4% CAGR by 2033, Reaching US$ 6 …
The global botanical infused drinks market (Pasaran Minuman Berinfus Botani) is expected to be valued at US$ 328 million in 2023, growing at a CAGR of 6.4% to reach US$ 608 million by the end of 2033. The global market for botanical-infused drinks has witnessed remarkable growth in recent years, driven by a shift in consumer preferences towards healthier and more natural beverage options. Botanical-infused drinks, often blending herbs, fruits, and
3D Food Printer Market Set to Reach US$ 423.8 Million by 2033
3D Food Printer Market Set to Reach US$ 423.8 Million by 2033
In 2023, the global 3D food printer market (3Dフードプリンター市場) was valued at approximately US$ 55.3 million. It is projected to expand at a compound annual growth rate (CAGR) of 22.6%, reaching around US$ 423.8 million by the conclusion of 2033. The 3D food printer market is experiencing a surge in popularity, driven by advancements in technology, changing consumer preferences, and the growing demand for personalized and innovative food experiences. These printers

All 5 Releases

More Releases for Payment

Digital Payment Market by Component (Solutions (Payment Processing, Payment Gate …
Magarpatta SEZ, Pune, “ReportsnReports”, one of the world’s prominent market research firms has released a new report on Global Digital Payment Market. The report contains crucial insights on the market which will support the clients to make the right business decisions. This research will help both existing and new aspirants for Digital Payment Market to figure out and study market needs, market size, and competition. The report talks about the
Online Payment Gateway Market Analysis By 2028 |, Avenues India Pvt. …
Future Market Insights (FMI) has recently published a new research report on the online payment gateway market titled “Online Payment Gateway Market: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028).” The report states that the growing prevalence of third party payment processes is expected to have a positive impact on the growth of the global market. Websites have always been a good source for channel merchants for generating revenue. Concentrating
Payment Card Industry 2025 by Product (Contactless Payment, Card Contact Payment … has announced the addition of the “Global Payment Card Market Professional Survey Report 2018” ,provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. Key Players - MasterCard, Visa, American Express, Banco Itau, Bank of America Merrill Lynch, Bank of Brazil, Bank of East Asia, Chase Commercial Banking, Diner's Club, Hang Seng Bank, Hyundai, JP Morgan, SimplyCash, Sumitomo
Payment Security Software Market 2018- Digital Transformation in Payment Methods …
Market Highlights “The increasing number of cashless transactions is the main factor behind the rising demand for payment security software across the world,” says a FGR analyst. With the ongoing digital transformation, the payment market is witnessing a significant change in the pattern of financial transactions, which is shifting towards cashless increasingly. The digitization across industries is leading to high investments in the development and the deployment of new technologies, encouraging
Payment Gateway Industry Worth US$ 86.9 Billion By 2025 - Hosted Payment Gateway …
The merchants all over the globe are avidly willing to expand their businesses cross-border by adaption of a logical approach, by partnering with the payment gateways. With the help of this partnership, these merchants gain the advantage of tapping the opportunities created by the globalization of e-commerce. Majority of merchants today, are eyeing up global expansion and wish to grow at a faster pace, however, the last thing they would
Contactless Payment Observe Huge Demand in Australia Payment Market
Pune, India, 04 December 2017: WiseGuyReports announced addition of new report, titled “Payments in Australia 2017: What Consumers Want”. A 'payment system' is new technology that allows consumers, businesses, and many organizations to transfer money to a financial institution and vice versa. This includes Payment Instructions - Cash, Card, Check and Electronic Funds Transfer which customers use to pay - and generally unseen arrangements ensure that the funds move from one