Global Payment Gateways Market to Reach US$ 34.6 Billion by 2028, Stimulated by Expansion of E-Commerce Industry

August 23, 2023 | Technology & Media

According to the latest report by IMARC Group, titled “Payment Gateways Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global payment gateways market size reached US$ 23.0 Billion in 2022. Payment gateways are online platforms or services that facilitate secure and seamless transactions between customers and businesses during e-commerce transactions. They act as a bridge between the buyer and the seller, ensuring that sensitive financial information, such as credit card details, remains encrypted and protected throughout the payment process. They play a crucial role in the success of online businesses, providing a trustworthy and efficient method for processing payments. They offer convenience and flexibility to both businesses and customers, allowing for swift and hassle-free transactions. Moreover, payment gateways comply with industry security standards, ensuring that customer data remains confidential and protected against unauthorized access.

Global Payment Gateways Market Trends:

The rapid expansion of the global e-commerce industry has fueled the demand for secure and efficient payment processing solutions. As consumers increasingly prefer online shopping and businesses embrace digital platforms, the need for reliable payment gateways has become paramount. Moreover, the increasing penetration of smartphones and internet connectivity has facilitated the growth of mobile payments, giving rise to mobile-centric payment gateways. These gateways enable seamless and secure transactions through mobile devices, catering to the preferences of the growing population of mobile users. Furthermore, the increasing focus on data security and fraud prevention has propelled the adoption of payment gateways that offer robust encryption and advanced fraud detection measures. As cyber threats continue to evolve, businesses and consumers alike seek trustworthy payment gateways that safeguard sensitive financial information. Additionally, the globalization of businesses and the rise of cross-border transactions have augmented the demand for payment gateways capable of processing international payments efficiently. Gateways that support multiple currencies and provide flexible payment options have gained prominence in this context. Looking forward, the market value is projected to reach US$ 34.6 Billion by 2028, expanding at a CAGR of 6.9% during 2023-2028.

Market Summary:

  • Based on the application, the market has been segmented into large, micro, and small, and mid-size enterprises. Currently, large enterprises represent the largest market segment.
  • On the basis of the mode of interaction, the market has been 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.  
  • Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Among these, Asia Pacific holds the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Applications Covered Large Enterprises, Micro and Small Enterprises, Mid-Size Enterprises
Mode of Interactions Covered Hosted Payment Gateways, Pro/Self-Hosted Payment Gateways, API/Non-Hosted Payment Gateways, Local Bank Integrates, Direct Payment Gateways, Platform-Based Payment Gateways
Regions Covered North America, Europe, Asia Pacific, Middle East and Africa, Latin America
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Payment Gateways Market to Reach US$ 34.6 Billion by 2028, Stimulated by Expansion of E-Commerce Industry
Purchase options Year End sale

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More