Payment Gateway Market to 2025 by Type (Hosted Payment Gateway, Non-Hosted Payment Gateway, Direct Payment Gateway and Platform Based Payment Gateway); and Organization Size (Small & Medium Enterprise and Large Enterprise) – Global Analysis and Forecast.
The “Payment Gateway Market to 2025 by Type (Hosted Payment Gateway, Non-Hosted Payment Gateway, Direct Payment Gateway and Platform Based Payment Gateway); and Organization Size (Small & Medium Enterprise and Large Enterprise) – Global Analysis and Forecast” The scope of study involves understanding on the factors responsible for this growth of payment gateways market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant payment gateways players in the market and their key developments.
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Payment Gateway Market to 2025 – Global payment gateway market is expected to grow from US$ 30.6 Bn in 2016 to US$ 86.9 Bn by 2025 at a CAGR of 12.4% between 2017 and 2025. The merchants all over the globe are avidly willing to expand their businesses cross-border by adaption of a logical approach, by partnering with the payment gateways. With the help of this partnership, these merchants gain the advantage of tapping the opportunities created by the globalization of e-commerce. Majority of merchants today, are eyeing up global expansion and wish to grow at a faster pace, however, the last thing they would ever need in this dynamic & competitive landscape is a payment gateway that either refrains their growth or pushes them to collaborate with multiple PSPs (Payment Service Providers) in different regions.
Some of the remarkable partnership and collaboration in this industry includes partnership of CCBill and Weebly (US), with this partnership around 45 million Weebly merchants globally and its buyer would be gaining secured CCBill checkout experience and thus support company’s payment solutions demand of online stores. Further, Cardstream partnered with Creditcall (UK), for launching first omni-channel processing and reporting solution. This solution is developed especially for independent sales organizations (ISOs), software companies, and independent software vendors (ISVs).
The global payment gateway market by geography is segmented into six region including North America, Europe, Asia Pacific, Middle East & Africa and South America. North America is expected to account for the largest share of the global payment gateway market in 2016, followed by Europe.
US being key country in North America region which will lead payment gateway market in this region and is also expected to continue its dominance throughout the forecast period from 2017 to 2025. Some of the key players of payment gateway market include PayPal Holdings, Inc., Amazon Payments, Inc., Secure Trading Limited, Cardstream Limited, CCBill, LLC, BitPay, Inc., GoCardless Ltd., Stripe Inc., Due Inc. Merchant Warrior, Authorize.Net and WePay Inc. among others