Market Overview:
The India payment gateways market size reached US$
1,266 Million in 2021. Looking forward, IMARC Group expects the market to reach US$
2,680 Million by 2027, exhibiting a growth rate (CAGR) of
12.92% during 2022-2027. 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. These insights are included in the report as a major market contributor.
A payment gateway is a service provider that acts as an interface between payment portals like e-commerce websites and the acquiring banks. This portal protects sensitive data, including credit card or bank account details, from fraudulent activities while completing the submission with HTTPS protocol that secures personal information. Payment gateways offer consumers the facility to make purchases at any hour of the day without the inconvenience of waiting in long queues. They are gaining prominence among consumers due to the growing use of mobile wallets supported by advancements in mobile payment technology.
The India payment gateways market is primarily driven by the increasing online transactions and the constant evolution of payment methods like the emergence of token systems, cash pooling, and various cashless transactions. Besides this, the rising adoption of smartphones and tablets has resulted in the shift toward online shopping. This is facilitated by the rapid penetration of the internet and improved network bandwidth across the country. Furthermore, various banks are collaborating with retail vendors to provide cashback schemes or discounts for retaining the existing consumer base.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India payment gateways market report, along with forecasts at the country and regional level from 2022-2027. 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 Region:
- North India
- West and Central India
- South India
- East India
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 |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Application, Mode of Interaction, Region |
| Region Covered |
North India, West and Central India, South India, East India |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
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) |
Key Questions Answered in This Report:
- How has the India 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 India 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 India 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 India 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 Pro/Self-Hosted Payment Gateways
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 API/Non-Hosted Payment Gateways
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Local Bank Integrates
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Direct Payment Gateways
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Platform-Based Payment Gateways
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Region
8.1 North India
8.1.1 Market Trends
8.1.2 Market Breakup by State
8.1.3 Market Forecast
8.2 West and Central India
8.2.1 Market Trends
8.2.2 Market Breakup by State
8.2.3 Market Forecast
8.3 South India
8.3.1 Market Trends
8.3.2 Market Breakup by State
8.3.3 Market Forecast
8.4 East India
8.4.1 Market Trends
8.4.2 Market Breakup by State
8.4.3 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: India: Payment Gateways Market: Major Drivers and Challenges
Figure 2: India: Payment Gateways Market: Sales Value (in Million US$), 2016-2021
Figure 3: India: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: India: Payment Gateways Market: Breakup by Application (in %), 2021
Figure 5: India: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2021
Figure 6: India: Payment Gateways Market: Breakup by Region (in %), 2021
Figure 7: India: Payment Gateways Market (Large Enterprises): Sales Value (in Million US$), 2016 & 2021
Figure 8: India: Payment Gateways Market Forecast (Large Enterprises): Sales Value (in Million US$), 2022-2027
Figure 9: India: Payment Gateways Market (Micro and Small Enterprises): Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Payment Gateways Market Forecast (Micro and Small Enterprises): Sales Value (in Million US$), 2022-2027
Figure 11: India: Payment Gateways Market (Mid-Size Enterprises): Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Payment Gateways Market Forecast (Mid-Size Enterprises): Sales Value (in Million US$), 2022-2027
Figure 13: India: Payment Gateways Market (Hosted): Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Payment Gateways Market Forecast (Hosted): Sales Value (in Million US$), 2022-2027
Figure 15: India: Payment Gateways Market (Pro/Self-Hosted): Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Payment Gateways Market Forecast (Pro/Self-Hosted): Sales Value (in Million US$), 2022-2027
Figure 17: India: Payment Gateways Market (API/Non-Hosted): Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Payment Gateways Market Forecast (API/Non-Hosted): Sales Value (in Million US$), 2022-2027
Figure 19: India: Payment Gateways Market (Local Bank Integrates): Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Payment Gateways Market Forecast (Local Bank Integrates): Sales Value (in Million US$), 2022-2027
Figure 21: India: Payment Gateways Market (Direct): Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Payment Gateways Market Forecast (Direct): Sales Value (in Million US$), 2022-2027
Figure 23: India: Payment Gateways Market (Platform-Based): Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Payment Gateways Market Forecast (Platform-Based): Sales Value (in Million US$), 2022-2027
Figure 25: North India: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: North India: Payment Gateways Market: Breakup by State (in %), 2021
Figure 27: North India: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: West and Central India: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: West and Central India: Payment Gateways Market: Breakup by State (in %), 2021
Figure 30: West and Central India: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: South India: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: South India: Payment Gateways Market: Breakup by State (in %), 2021
Figure 33: South India: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: East India: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: East India: Payment Gateways Market: Breakup by State (in %), 2021
Figure 36: East India: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Payment Gateways Industry: SWOT Analysis
Figure 38: India: Payment Gateways Industry: Value Chain Analysis
Figure 39: India: Payment Gateways Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: India: Payment Gateways Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Payment Gateways Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 3: India: Payment Gateways Market Forecast: Breakup by Mode of Interaction (in Million US$), 2022-2027
Table 4: India: Payment Gateways Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: India: Payment Gateways Market: Competitive Structure
Table 6: India: Payment Gateways Market: Key Players