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GCC Payment Gateway Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The GCC payment gateways market is expected to exhibit strong growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

A payment gateway acts as an intermediary between various e-commerce websites and banks by facilitating the transaction of payments. It protects the user from fraudulent entities by securing their sensitive data, such as credit card numbers and bank account details. It also uses the HTTPS protocol that secures personal information for the submission of the order and provides various benefits such as a user-friendly interface, expense and loss management, and time efficiency. The increasing use of mobile wallets due to advancements in mobile payment technologies has increased the use of payment gateways in the GCC region.

The UAE and Saudi Arabia are the key countries showcasing a robust growth in the payment gateways market in the GCC. This can be attributed to the growing adoption of these services by the BFSI and retail sectors. Additionally, the rising internet penetration and presence of various service providers in the region are also providing a positive impact on the growth of the market. For instance, PayTabs, Telr, Checkout, Cashu, and Payfort are some of the leading payment gateways service providers in the GCC. Payment gateways assist organizations, like brick and mortar stores and online retail platforms, to collect money without compromising sensitive data. Furthermore, extensive investments in fintech startups based on payment and crowdfunding is also expected to stimulate the demand for payment gateways.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC payment gateways market, along with forecasts at the regional and country level from 2021-2026. 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
  • Non-Hosted Payment Gateways
  • Direct Payment Gateways
  • Platform-Based Payment Gateways
     

Breakup by Country:

  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Kuwait
  • Bahrain
     

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 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage Application, Mode of Interaction, Country
Countries Covered Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 2999
Corporate License: US$ 3999
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:

  • How has the GCC payment gateways market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the GCC payment gateways market?
  • What are the key regional markets?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the mode of interaction?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the GCC payment gateways market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    GCC Payment Gateways Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Application
    6.1    Large Enterprises
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Micro and Small Enterprises
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Mid-Size Enterprises
        6.3.1    Market Trends
        6.3.2    Market Forecast
7    Market Breakup by Mode of Interaction
    7.1    Hosted Payment Gateways
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Non-Hosted Payment Gateways
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3   Direct Payment Gateways
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Platform-Based Payment Gateways
        7.4.1    Market Trends
        7.4.2    Market Forecast
8    Market Breakup by Country
    8.1    Saudi Arabia
        8.1.1 Market Trends
        8.1.2 Market Breakup by Application
        8.1.3 Market Breakup by Mode of Interaction
        8.1.4 Market Forecast
    8.2    UAE
        8.2.1 Market Trends
        8.2.2 Market Breakup by Application
        8.2.3 Market Breakup by Mode of Interaction
        8.2.4 Market Forecast
    8.3    Qatar
        8.3.1 Market Trends
        8.3.2 Market Breakup by Application
        8.3.3 Market Breakup by Mode of Interaction
        8.3.4 Market Forecast
    8.4    Oman
        8.4.1 Market Trends
        8.4.2 Market Breakup by Application
        8.4.3 Market Breakup by Mode of Interaction
        8.4.4 Market Forecast
    8.5     Kuwait
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Bahrain
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Policy and Regulatory Landscape
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players

List of Figures

Figure 1: GCC: Payment Gateways Market: Major Drivers and Challenges
Figure 2: GCC: Payment Gateways Market: Sales Value (in Million US$), 2015-2020
Figure 3: GCC: Payment Gateways Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: GCC: Payment Gateways Market: Breakup by Application (in %), 2020
Figure 5: GCC: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2020
Figure 6: GCC: Payment Gateways Market: Breakup by Country (in %), 2020
Figure 7: GCC: Payment Gateways Market (Large Enterprises): Sales Value (in Million US$), 2015 & 2020
Figure 8: GCC: Payment Gateways Market Forecast (Large Enterprises): Sales Value (in Million US$), 2021-2026
Figure 9: GCC: Payment Gateways Market (Micro and Small Enterprises) Sales Value (in Million US$), 2015 & 2020
Figure 10: GCC: Payment Gateways Market Forecast (Micro and Small Enterprises) Sales Value (in Million US$), 2021-2026
Figure 11: GCC: Payment Gateways Market (Mid-Size Enterprises) Sales Value (in Million US$), 2015 & 2020
Figure 12: GCC: Payment Gateways Market Forecast (Mid-Size Enterprises) Sales Value (in Million US$), 2021-2026
Figure 13: GCC: Payment Gateways Market (Hosted) Sales Value (in Million US$), 2015 & 2020
Figure 14: GCC: Payment Gateways Market Forecast (Hosted) Sales Value (in Million US$), 2021-2026
Figure 15: GCC: Payment Gateways Market (Non-Hosted) Sales Value (in Million US$), 2015 & 2020
Figure 16: GCC: Payment Gateways Market Forecast (Non-Hosted) Sales Value (in Million US$), 2021-2026
Figure 17: GCC: Payment Gateways Market (Direct) Sales Value (in Million US$), 2015 & 2020
Figure 18: GCC: Payment Gateways Market Forecast (Direct) Sales Value (in Million US$), 2021-2026
Figure 19: GCC: Payment Gateways Market (Platform-Based) Sales Value (in Million US$), 2015 & 2020
Figure 20: GCC: Payment Gateways Market Forecast (Platform-Based) Sales Value (in Million US$), 2021-2026
Figure 21: Saudi Arabia: Payment Gateways Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Saudi Arabia: Payment Gateways Market: Breakup by Application (in %), 2020
Figure 23: Saudi Arabia: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2020
Figure 24: Saudi Arabia: Payment Gateways Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: UAE: Payment Gateways Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: UAE: Payment Gateways Market: Breakup by Application (in %), 2020
Figure 27: UAE: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2020
Figure 28: UAE: Payment Gateways Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Qatar: Payment Gateways Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Qatar: Payment Gateways Market: Breakup by Application (in %), 2020
Figure 31: Qatar: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2020
Figure 32: Qatar: Payment Gateways Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Oman: Payment Gateways Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Oman: Payment Gateways Market: Breakup by Application (in %), 2020
Figure 35: Oman: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2020
Figure 36: Oman: Payment Gateways Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Kuwait: Payment Gateways Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Kuwait: Payment Gateways Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Bahrain: Payment Gateways Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Bahrain: Payment Gateways Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: GCC: Payment Gateways Industry: SWOT Analysis
Figure 42: GCC: Payment Gateways Industry: Value Chain Analysis
Figure 43: GCC: Payment Gateways Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: GCC: Payment Gateways Market: Key Industry Highlights, 2020 and 2026
Table 2: GCC: Payment Gateways Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 3: GCC: Payment Gateways Market Forecast: Breakup by Mode of Interaction (in Million US$), 2021-2026
Table 4: GCC: Payment Gateways Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 5: GCC: Payment Gateways Market: Competitive Structure
Table 6: GCC: Payment Gateways Market: Key Players

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