Global Payment Gateways Market Share, Size, Growth, Trends And Forecast (2018-2023)

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Global Payment Gateways Market Boosted by
Expanding E-Commerce
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Report Description and Highlights
Report Description
Global Payment Gateways Market Boosted by
Expanding E-Commerce Over the recent years, the
global payment gateways market has been growing
at a moderate rate. Some of the factors which are
giving boost to the market include easy access of
the internet, expanding e-commerce sector and
introduction of mobile wallets. A payment
gateway refers to a service provider which acts
as an intermediary between e-commerce websites
and bank by facilitating payment transactions.
Security plays an integral part in the payment
gateways owing to the sensitive data of credit
card that needs to be protected from the
fraudulent entities. The order submission gets
completed by using the HTTPS protocol which helps
in securing the personal information. Some of the
benefits of using payment gateways include
user-friendly interface, expense and loss
management, and time efficiency. A new research
report titled Payment Gateways Market Global
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2018-2023 by IMARC Group estimates
that the global payment gateways market was worth
US 10 Billion in 2017. The report further
anticipates the market to cross US 16 Billion by
2023, at a projected CAGR of around 9 over the
forecast period.
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Report Description and Highlights
Report Description

• Global Payment Gateways Market Drivers/Constraints
  
• One of the vital factors influencing the market
  demand for payment gateways includes easy access
  of internet and a rise in the number of people
  adopting online retailing as well as contactless
  payment methods such as mobile wallets.
• Currently, banks are collaborating with retail
  vendors in order to provide cashback schemes for
  expanding the consumer-base and retaining the
  existing consumers.
• Introduction of mobile payment gateways like
  Amazon Pay, Apple Pay, Samsung Pay, Android Pay,
  etc. have made the process of bill payments
  convenient. Further, various companies are
  expanding their businesses by adapting the
  digital approach, thereby spurring the growth
  prospects of payment gateways in the upcoming
  years.
• However, there are various factors which act as a
  hindrance to the growth of the market. Payment
  gateways have a limit regarding the number of
  transactions that can take place in a day. In
  addition, there is a high risk of being hacked
  that may lead to information leak.
• Read more here https//www.imarcgroup.com/paym
  ent-gateways-market

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Report Description and Highlights
Report Description
Application Insights On the basis of
application, the payment gateways market is
segregated as large enterprise, micro and small
enterprises, and mid-sized enterprises. Amongst
these, large enterprises account for the majority
of the total share. Mode of Interaction
Insights Based on mode of interaction, the
market is segmented as hosted payment gateways,
pro/self-hosted payment gateways, API/non-hosted
payment gateways, local bank integrates, direct
payment gateways and platform-based payment
gateways. Currently, pro/self-hosted gateways
exhibit a clear dominance in the total market
share. Request Sample Of The Report
https//www.imarcgroup.com/request?typereportid
881flagB
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Report Description and Highlights

• Regional Insights
• On a geographical front, North America enjoys a
  leading position in the global payment gateways
  market, accounting for the largest share. North
  America is followed by Europe, Asia Pacific,
  Middle East and Africa, and Latin America.  
• Competitive Landscape
• The market is highly competitive in nature with
  the presence of numerous manufacturers who
  compete in terms of prices, features and quality.
  They are constantly coming up with additional
  features, thereby enhancing customer experience.
  Some of the leading players operating in the
  market are
• Worldpay Group
• Wirecard
• Adyen
• Allied Wallet
• PayPal
• Browse more related reports 
• Indian Advertising Market https//www.imarcgroup.
  com/advertising-industry-india
• Home Automation System Market https//www.imarcgr
  oup.com/home-automation-system-market

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Report Description and Highlights
Report Description

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