Payment Gateways Market

The global payment gateways market reached a value of US$ 10 Billion in 2017. The market value is further expected to reach US$ 16 Billion by 2023, exhibiting a CAGR of 8.1% during 2018-2023. Payment gateway is a web-based application that acts as an intermediary between an e-commerce website and a bank to authorize and authenticate online transactions. It encrypts sensitive information, such as credit card numbers or bank account details, to ensure that the information is transmitted securely from the customer to the issuing bank. Payment gateways also helps in preventing fraud by providing Card Verification Value (CVV) and Address Verification System (AVS). Furthermore, they offer the customers the facility to make purchases at any hour of the day without the inconvenience of waiting in long queues.

Nowadays, the companies are restructuring their businesses and revenue strategies by moving towards a digital approach. This is projected to spur the growth prospects of the payment gateways market in the coming years. Additionally, the increasing usage of mobile wallets, which provide a convenient way for users to make in-store payments, has emerged as another major driver. Besides, an increasing number of customers are using smartphones or tablets for making online reservations and payments, thereby stimulating the demand for payment gateways. Moreover, various banks are collaborating with retail vendors to provide cashback offers so as to attract new customers and retain the existing users. 

The report has segmented the market on the basis of applications into large enterprises, micro and small enterprises, and mid-sized enterprises. Currently, large enterprises account for the majority of the total share. On a regional-basis, the report covers North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America represents the largest market, holding largest share globally. The report has also analysed the competitive landscape of the market with some of the key players being Worldpay Group, Wirecard, Adyen, Allied Wallet and PayPal.

This report provides a deep insight into the global payment gateways market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the payment gateways industry in any manner.

Key Questions Answered in This Report:

• How has the global payment gateways market performed so far and how will it perform in the coming years?
• What are the key regions in the global payment gateways market?
• What are the key application segments in the global payment gateways market?
• What are the various stages in the value chain of the global payment gateways market?
• What are the key driving factors and challenges in the global payment gateways market?
• What is the structure of the global payment gateways market and who are the key players?
• What is the degree of competition in the global payment gateways market?

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    Global Payment Gateways Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Application
    5.4    Market Breakup by Mode of Interaction
    5.5    Market Breakup by Region
    5.6    Market Forecast
    5.7    SWOT Analysis
        5.7.1    Overview
        5.7.2    Strengths
        5.7.3    Weaknesses
        5.7.4    Opportunities
        5.7.5    Threats
    5.8    Value Chain Analysis
        5.8.1    Overview
        5.8.2    Research and Development
        5.8.3    Inputs
        5.8.4    Product and Services
        5.8.5    Marketing and Distribution
        5.8.6    End Users
        5.8.7    Post Sales Service
    5.9    Porters Five Forces Analysis
        5.9.1    Overview
        5.9.2    Bargaining Power of Buyers
        5.9.3    Bargaining Power of Suppliers
        5.9.4    Degree of Competition
        5.9.5    Threat of New Entrants
        5.9.6    Threat of Substitutes
6    Market Breakup by Application
    6.1    Large Enterprises
    6.2    Micro and Small Enterprises
    6.3    Mid-sized Enterprises
7    Market Breakup by Mode of Interaction
    7.1    Hosted Payment Gateways
    7.2    Pro/Self-Hosted Payment Gateways
    7.3    API/Non-Hosted Payment Gateways
    7.4    Local Bank Integrates
    7.5    Direct Payment Gateways
    7.6    Platform-Based Payment Gateways
8    Market Breakup by Region
    8.1    North America
    8.2    Europe
    8.3    Asia Pacific
    8.4    Middle East and Africa
    8.5    Latin America
9    Competitive Landscape
    9.1    Market Structure
    9.2    Key Players
    9.3    Profiles of Key Players

List of Figures

Figure 1: Global: Payment Gateways Market: Major Drivers and Challenges
Figure 2: Global: Payment Gateways Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Payment Gateways Market: Breakup by Application (in %), 2017
Figure 4: Global: Payment Gateways Market: Breakup by Region (in %), 2017
Figure 5: Global: Payment Gateways Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 6: Global: Payment Gateways Industry: SWOT Analysis
Figure 7: Global: Payment Gateways Industry: Value Chain Analysis
Figure 8: Global: Payment Gateways Industry: Porter’s Five Forces Analysis
Figure 9: Global: Payment Gateways Market (Applications in Large Enterprises): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 10: Global: Payment Gateways Market (Applications in Micro and Small Enterprises) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 11: Global: Payment Gateways Market (Applications in Mid-Sized Enterprises) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12: North America: Payment Gateways Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13: Europe: Payment Gateways Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Asia Pacific: Payment Gateways Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Middle East and Africa: Payment Gateways Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 16: Latin America: Payment Gateways Market: Sales Value (in Million US$), 2010, 2017 & 2023
 
List of Tables

Table 1: Global: Payment Gateways Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Payment Gateways Market Forecast: Breakup by Application (in Million US$), 2018-2023
Table 3: Global: Payment Gateways Market Forecast: Breakup by Mode of Interaction (in Million US$), 2018-2023
Table 4: Global: Payment Gateways Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 5: Global: Payment Gateways Market Structure
Table 6: Global: Payment Gateways Market: Key Players