Payment Gateways Market to Cross US$ 17 Billion by 2024 and CAGR of 7.9%

1. GlobalPayment Gateways Market Research Report, Trends, Growth, Share and Forecast Till 2024 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Payment Gateways Market Report By Application (Large Enterprises, Micro & Small Enterprises and Mid-sized Enterprises), Mode of Interaction (Hosted Payment Gateways, Pro/Self-Hosted Payment Gateways, API/Non-Hosted Payment Gateways, Local Bank Integrates, Direct Payment Gateways and Platform-Based Payment Gateways), Region Over the last few years, the global payment gateways market has been exhibiting a strong growth. Some of the factors that are driving the market include easy access of the internet, expanding e-commerce sector and introduction of mobile wallets. Market Overview: 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 2019-2024” by IMARC Group estimates that the global payment gateways market was worth US$ 11 Billion in 2018. The report further anticipates the market to cross US$ 17 Billion by 2024, at a projected CAGR of 7.9% over the forecast period.

4. 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. • Payment Gateways Market Segmentation: • Market Segmentation by Application • Request for a sample report: https://www.imarcgroup.com/payment-gateways-market/requestsample

5. Market Forecast Sample Figure: Global: Payment Gateways Market Forecast: Sales Value (in Billion US$), 2019-2024

6. Market Segmentation Report Description • Large Enterprises • Micro and Small Enterprises • Mid-sized Enterprises • 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. • Market Segmentation by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Presently, North America is the leading market, holding the majority of the global wearable electronics market share. • For more information, click here: https://www.imarcgroup.com/payment-gateways-market

7. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

8. Market Segmentation Report Description • Market Segmentation 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 • 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. • 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:

9. Market Segmentation Report Description • Worldpay Group • Wirecard • Adyen • Allied Wallet • PayPal • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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13. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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