Europe Payment Gateways Market Report by Application (Large Enterprises, Micro and Small Enterprises, Mid-Size Enterprises), 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), and Country 2024-2032
The Europe payment gateways market size reached US$ 4,589.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 7,199.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.98% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 4,589.7 Billion
Market Forecast in 2032
US$ 7,199.9 Billion
Market Growth Rate 2024-2032
4.98%
Payment gateways are service providers that act as intermediaries between e-commerce websites and banks by facilitating payment transactions. They deal with sensitive data, including credit card and bank account details, that need to be protected from fraudulent entities. Payment gateways use the HTTP protocol to complete the order submission that secures the personal information. They offer various benefits, such as a user-friendly interface, expense and loss management, and time efficiency.
The Europe payment gateways market is primarily driven by the rising use of mobile wallets and the advancements in mobile payment technology. Besides this, the adoption of cloud computing, artificial intelligence (AI) and the Internet of Things (IoT), and near field communications (NFC) has simplified the bill payment process by reducing the requirement for physical cards. Furthermore, the well-established retail e-commerce sector has benefited the market as there is a significant percentage of the European population engaged in online shopping. The use of payment gateways to collect money through preferred banks by customer, brick and mortar stores, and online retail platforms without compromising sensitive data is positively impacting the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Europe payment gateways market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on application and mode of interaction.
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:
Germany
France
United Kingdom
Italy
Spain
Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Application, Mode of Interaction, Country
Countries Covered
Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The Europe payment gateways market was valued at US$ 4,589.7 Billion in 2023.
We expect the Europe payment gateways market to exhibit a CAGR of 4.98% during 2024-2032.
The rising number of online transactions, along with the widespread adoption of payment gateways by individuals to make purchases at any hour of the day without the inconvenience of waiting in long queues, is primarily driving the Europe payment gateways market.
The sudden outbreak of the COVID-19 pandemic has led to the growing utilization of payment gateways across several European nations, owing to the increasing consumer inclination towards digital payments over conventional method, such as cash, for conducting financial transactions to mitigate the risk of the coronavirus infection upon human intervention.
Based on the application, the Europe payment gateways market has been segmented into large enterprises, micro and small enterprises, and mid-size enterprises. Currently, large enterprises hold the majority of the total market share.
Based on the mode of interaction, the Europe payment gateways market can be divided into hosted payment gateways, pro/self-hosted payment gateways, API/non-hosted payment gateways, local bank integrates, direct payment gateways, and platform-based payment gateways. Among these, hosted payment gateways exhibit a clear dominance in the market.
On a regional level, the market has been classified into Germany, France, United Kingdom, Italy, Spain, and others, where Germany currently dominates the Europe payment gateways market.
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