BANKING, FINANCIAL SERVICES & INSURANCE
Global Payment Gateway Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Payment Gateway Market, By Type (Hosted Payment Gateway, Non-hosted Payment Gateway, Local Bank Integrated Payment Gateway), Enterprise Size (Large Enterprises, Small & Medium Enterprises), Application (Travel and Hospitality, Retail & E-commerce, Media & Entertainment, Healthcare, Energy & Utilities, IT & Telecom, BFSI, Others), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global payment gateway market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
A payment gateway is a technology that allows for the secure transfer of payment information between a customer and a business during online transactions. Sensitive information, such as credit card numbers, is encrypted to prevent unwanted access and to guarantee quick and safe payment processing. The Payment Gateway Market includes a variety of vendors who offer solutions for processing digital transactions across many platforms. It consists of hardware and software programs that facilitate a variety of payment options, including bank transfers, digital wallets, and credit/debit cards. Integration of cutting-edge security features, support for new payment technologies, and the increasing use of payment gateways by financial institutions, service providers, and e-commerce companies to expedite and secure transactions are some of the major industry trends.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Growth in online retail and e-commerce
- Increased smartphone penetration
RESTRAINTS
- Security and privacy concerns
- Complex regulatory requirements
OPPORTUNITIES
- Expansion into emerging markets
- Development of advanced fraud prevention solutions
CHALLENGES
- Keeping up with rapidly evolving technology
- Addressing diverse consumer preferences and payment methods
SEGMENTATION
- Type
- Hosted Payment Gateway
- Non-hosted Payment Gateway
- Local Bank Integrated Payment Gateway
- Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
- Application
- Travel and Hospitality
- Retail & E-commerce
- Media & Entertainment
- Healthcare
- Energy & Utilities
- IT & Telecom
- BFSI
- Others
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- Adyen
- Amazon Payments Inc.
- Authorize.Net
- Bitpay, Inc.
- Braintree
- PayPal Holdings, Inc.
- PayU Group
- Stripe
- Verifone Holdings, Inc.
- Wepay, Inc.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Payment Gateway Market, by Type
- 3.2 Global Payment Gateway Market, by Enterprise Size
- 3.3 Global Payment Gateway Market, by Application
- 3.4 Global Payment Gateway Market, by Geography
- 3.5 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Increasing e-commerce and online transactions
- 5.1.2 Adoption of AI and machine learning for fraud detection
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Growth in online retail and e-commerce
- 5.2.2 Increased smartphone penetration
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Security and privacy concerns
- 5.3.2 Complex regulatory requirements
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Expansion into emerging markets
- 5.4.2 Development of advanced fraud prevention solutions
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Keeping up with rapidly evolving technology
- 5.5.2 Addressing diverse consumer preferences and payment methods
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL PAYMENT GATEWAY MARKET, BY TYPE
- 6.1 Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Payment Gateway Market, by Type (2019-2032)
- SECTION 7 - GLOBAL PAYMENT GATEWAY MARKET, BY ENTERPRISE SIZE
- 7.1 Enterprise Size Summary
- 7.2 Market Attractive Index
- 7.3 Global Payment Gateway Market, by Enterprise Size (2019-2032)
- SECTION 8 - GLOBAL PAYMENT GATEWAY MARKET, BY APPLICATION
- 8.1 Application Summary
- 8.2 Market Attractive Index
- 8.3 Global Payment Gateway Market, by Application (2019-2032)
- SECTION 9 - GLOBAL PAYMENT GATEWAY MARKET, BY GEOGRAPHY
- 9.1 Regional Summary
- 9.2 Market Attractive Index
- 9.3 Global Payment Gateway Market, by Geography (2019-2032)
- SECTION 10 - NORTH AMERICA PAYMENT GATEWAY MARKET
- 10.1 North America Summary
- 10.2 Market Attractive Index
- 10.3 North America Payment Gateway Market, by Type (2019-2032)
- 10.4 North America Payment Gateway Market, by Enterprise Size (2019-2032)
- 10.5 North America Payment Gateway Market, by Application (2019-2032)
- 10.6 North America Payment Gateway Market, by Country (2019-2032)
- 10.6.1 U.S.
- 10.6.2 Canada
- 10.6.3 Mexico
- 10.6.4 Rest of North America
- SECTION 11 - EUROPE PAYMENT GATEWAY MARKET
- 11.1 Europe Summary
- 11.2 Market Attractive Index
- 11.3 Europe Payment Gateway Market, by Type (2019-2032)
- 11.4 Europe Payment Gateway Market, by Enterprise Size (2019-2032)
- 11.5 Europe Payment Gateway Market, by Application (2019-2032)
- 11.6 Europe Payment Gateway Market, by Country (2019-2032)
- 11.6.1 Germany
- 11.6.2 U.K.
- 11.6.3 France
- 11.6.4 Italy
- 11.6.5 Spain
- 11.6.6 Russia
- 11.6.7 The Netherlands
- 11.6.8 Belgium
- 11.6.9 Turkey
- 11.6.10 Rest of Europe
- SECTION 12 - ASIA-PACIFIC PAYMENT GATEWAY MARKET
- 12.1 Asia-Pacific Summary
- 12.2 Market Attractive Index
- 12.3 Asia-Pacific Payment Gateway Market, by Type (2019-2032)
- 12.4 Asia-Pacific Payment Gateway Market, by Enterprise Size (2019-2032)
- 12.5 Asia-Pacific Payment Gateway Market, by Application (2019-2032)
- 12.6 Asia-Pacific Payment Gateway Market, by Country (2019-2032)
- 12.6.1 China
- 12.6.2 India
- 12.6.3 Japan
- 12.6.4 South Korea
- 12.6.5 Singapore
- 12.6.6 Malaysia
- 12.6.7 Australia
- 12.6.8 Thailand
- 12.6.9 Philippines
- 12.6.10 Rest of Asia-Pacific
- SECTION 13 - SOUTH AMERICA PAYMENT GATEWAY MARKET
- 13.1 South America Summary
- 13.2 Market Attractive Index
- 13.3 South America Payment Gateway Market, by Type (2019-2032)
- 13.4 South America Payment Gateway Market, by Enterprise Size (2019-2032)
- 13.5 South America Payment Gateway Market, by Application (2019-2032)
- 13.6 South America Payment Gateway Market, by Country (2019-2032)
- 13.6.1 Brazil
- 13.6.2 Argentina
- 13.6.3 Chile
- 13.6.4 Colombia
- 13.6.5 Rest of South America
- SECTION 14 - MIDDLE EAST AND AFRICA PAYMENT GATEWAY MARKET
- 14.1 Middle East and Africa Summary
- 14.2 Market Attractive Index
- 14.3 Middle East and Africa Payment Gateway Market, by Type (2019-2032)
- 14.4 Middle East and Africa Payment Gateway Market, by Enterprise Size (2019-2032)
- 14.5 Middle East and Africa Payment Gateway Market, by Application (2019-2032)
- 14.6 Middle East and Africa Payment Gateway Market, by Country (2019-2032)
- 14.6.1 Kingdom of Saudi Arabia
- 14.6.2 South Africa
- 14.6.3 U.A.E.
- 14.6.4 Egypt
- 14.6.5 Rest of Middle East and Africa
- SECTION 15 - COMPANY SHARE ANALYSIS
- 15.1 Global Payment Gateway Market, Company Share Analysis
- 15.2 North America Payment Gateway Market, Company Share Analysis
- 15.3 Europe Payment Gateway Market, Company Share Analysis
- 15.4 Asia-Pacific Payment Gateway Market, Company Share Analysis
- SECTION 16 - COMPANY PROFILES
- 16.1 Adyen
- 16.1.1 Company Snapshot
- 16.1.2 Financial Overview
- 16.1.3 Product Portfolio
- 16.1.4 Recent Developments
- 16.2 Amazon Payments Inc.
- 16.2.1 Company Snapshot
- 16.2.2 Financial Overview
- 16.2.3 Product Portfolio
- 16.2.4 Recent Developments
- 16.3 Authorize.Net
- 16.3.1 Company Snapshot
- 16.3.2 Financial Overview
- 16.3.3 Product Portfolio
- 16.3.4 Recent Developments
- 16.4 Bitpay, Inc.
- 16.4.1 Company Snapshot
- 16.4.2 Financial Overview
- 16.4.3 Product Portfolio
- 16.4.4 Recent Developments
- 16.5 Braintree
- 16.5.1 Company Snapshot
- 16.5.2 Financial Overview
- 16.5.3 Product Portfolio
- 16.5.4 Recent Developments
- 16.6 PayPal Holdings, Inc.
- 16.6.1 Company Snapshot
- 16.6.2 Financial Overview
- 16.6.3 Product Portfolio
- 16.6.4 Recent Developments
- 16.7 PayU Group
- 16.7.1 Company Snapshot
- 16.7.2 Financial Overview
- 16.7.3 Product Portfolio
- 16.7.4 Recent Developments
- 16.8 Stripe
- 16.8.1 Company Snapshot
- 16.8.2 Financial Overview
- 16.8.3 Product Portfolio
- 16.8.4 Recent Developments
- 16.9 Verifone Holdings, Inc.
- 16.9.1 Company Snapshot
- 16.9.2 Financial Overview
- 16.9.3 Product Portfolio
- 16.9.4 Recent Developments
- 16.10 Wepay, Inc.
- 16.10.1 Company Snapshot
- 16.10.2 Financial Overview
- 16.10.3 Product Portfolio
- 16.10.4 Recent Developments
- SECTION 17 - RELATED REPORTS
- SECTION 18 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.