Payment Gateways Market Rising at 16.60% CAGR To 2021

Global Payment Gateways Market 2017-2021 Market Research Report was a professional and depth research report on Payment Gateways Market that you would know the world's major regional market conditions of Payment Gateways Market, the main region including (United States, Canada, Mexico, Germany, France, UK, Italy, Russia, China, Japan, India, Korea, Southeast Asia).

Marketsizeforecasters.com adds new global Payment Gateways market: report that lists top active companies as Amazon Payments, CCBill, PayPal, and Stripe.

Other Prominent Vendors in the market are: PayDollar, MercadoPago, Authorize.Net, eWAY AU, NAB Transact, e-Path, Merchant Warrior, SecurePay, ePay.bg, Moip, PagSeguro, Beanstream, Moneris, Stripe, Alipay, Tenpay, 99Bill, PagosOnline, PayWay, ePay.dk, DIBS, PayPoint, Ogone, Worldline by Atos, Ogone, Worldpay, SOFORT, NETBANX, Barclaycard ePDQ, PayU, CCAvenue, Realex, GestPay, Epsilon, Paygent, iPay88, MOLPay, CashU, eWay NZ, iDEAL, Klarna, PesoPay, Przelewy24, PayU.pl, PayU.ro, WebMoney, ROBOKASSA, QIWI, PayFast, MyGate, VCS, WebCash, ServiRed, Certitrade, Payson, Sage Pay, Cardstream, GoCardless, SecureTrading, and eWay.co.uk.

Research Analysts forecast the global Payment Gateways market to grow at a CAGR of 16.60% during the period 2017-2021.

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Commenting on the report, an analyst said: One trend in market is high adoption of cloud computing. The deployment of cloud-based solutions is more cost-effective than the deployment of on-premises solutions. Vendors provide cloud-based payment solutions for an annual subscription or usage-based fee. In addition, the implementation of cloud-based solutions saves the costs associated with the installation and upgradation of e-commerce software and payment gateway add-ons. Cloud-based solutions are offered with easy-to-use applications and intuitive interfaces for proper deployment.

The listed pricing for this Payment Gateways Market report starts at $ 3500.
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According to the report, one driver in market is focus on high customer satisfaction. The changing demand of users and increasing prices of products and services have intensified the competition between local and foreign players. Vendors are compelled to improve their competitive strategies to provide quality customer service and achieve high customer satisfaction. Many e-tailing vendors are coming up with innovative services such as the flexibility in placing orders through phone calls and enabling different payment options using payment gateways. Different banks also collaborate with retail vendors to provide attractive cashback offers to attract new customers and retain existing users. E-commerce software also supports the growth of an organization by enhancing its online presence in the marketplace and providing a competitive advantage through higher operational efficiencies.

Further, the report states that one challenge in market is high entry barriers. The vendors operating in the payment gateways market are expected to develop POS terminals for enhancing the security of transaction processes. These vendors need to obtain certain certifications to meet the global standards that are defined by the Payment Council Industry. This has set up high entry barriers for the vendors who develop POS. It is mandatory for developers to obtain the regional certification for the applications which are specific to countries. This hinders the growth of the companies that are waiting to expand but lack such certifications and standards. These barriers create hurdles, such as increasing variable costs, and can result in a monopoly of the existing player. The regional differences related to the payment habitat and the demands of the merchant acquirer create obstacles for vendors to enter the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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