Dublin, Sept. 17, 2018 (GLOBE NEWSWIRE) -- The "Global Online Payment Gateways Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global online payment gateways market was valued at US$ 13.50 Bn in 2017 and is set to demonstrate CAGR of 9.4% during the forecast period from 2018 to 2026.
Market Insights
With flourishing e-commerce sector, online payment has witnessed widespread growth over the period, thereby paving way for online payment gateways. Online payment constitute nearly 2/3rd of the total payment made in e-commerce transactions. With improving security of online payment, the ratio is set to continue increasing in following years.
Subsequently, online payment gateways market is expected to exhibit robust growth rate during the forecast period. Growing inclination towards digital payments has significantly driven the overall online payment gateways market. Various national governments as well banking organizations are now encouraging digital payment in order to reduce their operating costs and better visibility of transactions.
In addition, increasing number of credit/debit card holders worldwide is another prominent factor supporting the market growth. As of 2018, there are more than 2.7 Bn credit cards in circulation across the world. This is another important factor supporting the online payment gateways market.
Scope of the Report
Online payment gateways market is segmented based on type, end-user and geography. Based on type, the hosted online payment gateways segment led the global market with a value share of over 40% in 2017. These payment gateways are user-friendly, fairly secure and charge less fees to the merchants. Subsequently, the segment would continue dominating the market throughout the forecast period. Based on end-user, the market categorized into travel, food & grocery, pharmaceuticals & healthcare, shopping, education, government/NGOs and utilities.
Further, based on the geography, North America governs the overall payment gateways market with more than 1/3rd share of the total revenue generated worldwide. Asia Pacific is expected to register the highest growth rate during the forecast period. The market here is mainly backed by Japan, China, India and Southeast Asia.
The overall online payment gateways market is fragmented in nature with presence of large number of regional as well as international players. The overall payments industry is highly competitive in nature with market players competing with wide range of businesses including banks, e-commerce companies, credit card providers and others.
Additionally, market players are subject to numerous rules & regulations such as banking norms, payment regulations, anti-money laundering, data protection and consumer financial protection among others. One of the most prominent strategies adopted by the market players is partnership with credit/debit card companies (Visa, MasterCard). This is followed in order to make payment process for consumers and merchants easier as well as reduce any additional fees for payment gateway service provider.
Key Topics Covered:
Chapter 1 Preface
1.1 Report Scope and Description
1.2 Research Scope
1.3 Research Methodology
1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Online Payment Gateways Market
2.1.1 Global Online Payment Gateways Market, by Type, 2017 (US$ Bn)
2.1.2 Global Online Payment Gateways Market, by End-user, 2017 (US$ Bn)
2.1.3 Global Online Payment Gateways Market, by Geography, 2017 (US$ Bn)
Chapter 3 Market Dynamics
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.1.1 Rising E-commerce Sector Worldwide
3.2.1.2 Growing Inclination Towards Digital Payments
3.2.2 Market Restraint
3.2.2.1 Prevalence of Cash Payment in Developing Economies and Emergence of Alternative Payment Methods
3.3 Attractive Investment Proposition, by Geography, 2017
3.4 Market Positioning of Key Online Payment Gateways Vendors, 2017
Chapter 4 Global Online Payment Gateways Market, by Type
4.1 Overview
4.2 Hosted Online Payment Gateways
4.3 Self-hosted Payment Gateways
4.4 API Online Payment Gateways
4.5 Local Bank Integration
4.6 Direct Payment Gateways
4.7 Platform-based Payment Gateways
Chapter 5 Global Online Payment Gateways Market, by End-user
5.1 Overview
5.2 Travel & Hospitality
5.3 Food & Groceries
5.4 Pharmaceuticals & Healthcare
5.5 Shopping
5.6 Education
5.7 Government/NGOs
5.8 Utilities
Chapter 6 North America Online Payment Gateways Market Analysis, 2016 - 2026 (US$ Bn)
Chapter 7 Europe Online Payment Gateways Market Analysis, 2016 - 2026 (US$ Bn)
Chapter 8 Asia Pacific Online Payment Gateways Market Analysis, 2016 - 2026 (US$ Bn)
Chapter 9 Rest of the World (RoW) Online Payment Gateways Market Analysis, 2016 - 2026 (US$ Bn)
Chapter 10 Company Profiles
10.1 2Checkout.com, Inc.
10.2 Alipay.com Co. Ltd.
10.3 Amazon.com, Inc.
10.4 Authorize.Net Corporation
10.5 Avangate, Inc.
10.6 Avenues India Pvt. Ltd. (CCAvenue)
10.7 BluePay, Inc.
10.8 First Data Corporation
10.9 PayPal Holdings, Inc.
10.10 SecurePay (OLB Group, Inc.)
10.11 Stripe, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/g26cmz/global_online?w=12