Market Overview:
The United States payment gateways market size reached US$ 5,586.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 8,453.0 Million by 2032, exhibiting a growth rate (CAGR) of 4.6% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 5,586.5 Million |
Market Forecast in 2032
|
US$ 8,453.0 Million |
Market Growth Rate (2024-2032) |
4.6% |
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.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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 report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on application and mode of interaction.
Breakup by Application:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- 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 |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
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$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
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?