Market Overview:
The United States payment gateways market reached a value of US$ 5,005 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 7,101 Million by 2027, exhibiting a CAGR of 5.8% 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.
Payment gateways are web-based applications that act as intermediaries between various e-commerce websites and banks. They authorize and authenticate online transactions done by consumers from anywhere across the globe. They are used to encrypt sensitive information like credit card numbers and bank account details to secure the transmission of data from the customer to the issuing banks. Payment gateways are also useful in preventing fraud by providing Card Verification Value (CVV) and Address Verification System (AVS) while offering the facility to shop at any hour of the day without the inconvenience of waiting in long queues.
The United States payment gateways market is primarily driven by the increasing use of net banking. Besides this, various companies in the United States, such as Go URL, Cayan, Amazon Pay, PayPal gateway, Wells Fargo, and Chase Paymentech, are expanding their consumer base by providing various payment gateway services. Additionally, the increasing integration of payment gateways in the retail e-commerce sector has further propelled the market growth. Furthermore, there has been growing awareness among small and mid-level enterprises regarding the benefits of payment gateway deployment and the emergence of NFC-based payment technologies is catalyzing the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States payment gateways market, 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:
- Northeast
- Midwest
- South
- West
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 |
Northeast, Midwest, South, West |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699 |
| 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 United States 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 United States 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 United States 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 United States 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 Northeast
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Midwest
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 South
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 West
8.4.1 Market Trends
8.4.2 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: United States: Payment Gateways Market: Major Drivers and Challenges
Figure 2: United States: Payment Gateways Market: Sales Value (in Million US$), 2016-2021
Figure 3: United States: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: United States: Payment Gateways Market: Breakup by Application (in %), 2021
Figure 5: United States: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2021
Figure 6: United States: Payment Gateways Market: Breakup by Region (in %), 2021
Figure 7: United States: Payment Gateways Market (Large Enterprises): Sales Value (in Million US$), 2016 & 2021
Figure 8: United States: Payment Gateways Market Forecast (Large Enterprises): Sales Value (in Million US$), 2022-2027
Figure 9: United States: Payment Gateways Market (Micro and Small Enterprises): Sales Value (in Million US$), 2016 & 2021
Figure 10: United States: Payment Gateways Market Forecast (Micro and Small Enterprises): Sales Value (in Million US$), 2022-2027
Figure 11: United States: Payment Gateways Market (Mid-Size Enterprises): Sales Value (in Million US$), 2016 & 2021
Figure 12: United States: Payment Gateways Market Forecast (Mid-Size Enterprises): Sales Value (in Million US$), 2022-2027
Figure 13: United States: Payment Gateways Market (Hosted): Sales Value (in Million US$), 2016 & 2021
Figure 14: United States: Payment Gateways Market Forecast (Hosted): Sales Value (in Million US$), 2022-2027
Figure 15: United States: Payment Gateways Market (Pro/Self-Hosted): Sales Value (in Million US$), 2016 & 2021
Figure 16: United States: Payment Gateways Market Forecast (Pro/Self-Hosted): Sales Value (in Million US$), 2022-2027
Figure 17: United States: Payment Gateways Market (API/Non-Hosted): Sales Value (in Million US$), 2016 & 2021
Figure 18: United States: Payment Gateways Market Forecast (API/Non-Hosted): Sales Value (in Million US$), 2022-2027
Figure 19: United States: Payment Gateways Market (Local Bank Integrates): Sales Value (in Million US$), 2016 & 2021
Figure 20: United States: Payment Gateways Market Forecast (Local Bank Integrates): Sales Value (in Million US$), 2022-2027
Figure 21: United States: Payment Gateways Market (Direct): Sales Value (in Million US$), 2016 & 2021
Figure 22: United States: Payment Gateways Market Forecast (Direct): Sales Value (in Million US$), 2022-2027
Figure 23: United States: Payment Gateways Market (Platform-Based): Sales Value (in Million US$), 2016 & 2021
Figure 24: United States: Payment Gateways Market Forecast (Platform-Based): Sales Value (in Million US$), 2022-2027
Figure 25: Northeast: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Northeast: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Midwest: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Midwest: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: South: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: South: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: West: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: West: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Payment Gateways Industry: SWOT Analysis
Figure 34: United States: Payment Gateways Industry: Value Chain Analysis
Figure 35: United States: Payment Gateways Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: United States: Payment Gateways Market: Key Industry Highlights, 2021 and 2027
Table 2: United States: Payment Gateways Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 3: United States: Payment Gateways Market Forecast: Breakup by Mode of Interaction (in Million US$), 2022-2027
Table 4: United States: Payment Gateways Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: United States: Payment Gateways Market: Competitive Structure
Table 6: United States: Payment Gateways Market: Key Players