Global Payment Gateways Market Is Valued At 3311.49 Million USD In 2019 And Is Expected To Reach 10240.85 Million USD By The End Of 2025

In this report, the global Payment Gateways market is valued at 3311.49 million USD in 2019 and is expected to reach 10240.85 million USD by the end of 2025, growing at a CAGR of 20.7% between 2019 and 2025. An increase in online transactions along with the evolution in payment methods, such as the emergence of the token system, cash pooling, and cashless transactions, are the key drivers of the market.

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A Payment Gateway is an e-commerce application that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar businesses. It transmits Transaction information to Acquiring Banks and responses from Issuing Banks (such as whether a transaction is approved or declined). In other words, the transaction flows through the payment gateway, to the payments ecosystem, and should it be approved, will eventually make its way into the merchant account.

The payment gateway industry can be segmented by type, application, and region. The type segment can be further segmented into online mode and offline mode. Online mode payment gateways are dominating the market as they are economical, convenient, highly secure, user-friendly, and customizable.

By application, the market can further be segmented into retail, catering Industry, and medicine & cosmetics. As the demand for online retailing is rising across the globe, the number of online payments is also growing, thereby increasing the growth of the payment gateway industry. The retail companies are increasingly adding payment gateways to their websites to boost sales.

Large enterprises are dominating the payment gateway industry over small and medium-sized enterprises as the volume of transactions is very high in large-scale enterprises, and they require a highly safe and secure mode of transaction, which is facilitated by payment gateways. Small and medium enterprises are the fastest-growing segment as they are rapidly adopting payment gateways for the latter offer fraud management and use special encryption and verification technology to ensure safe transactions.

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The key players in the payment gateway market are PayPal, Stripe, Amazon Payments, Authorize.net, WorldPay, Adyen, CCBill, 2Checkout, First Data, SecurePay, PayU, MOLPay, Paymill, GMO, Alipay, Tenpay, Ping++, Boleto, CashU, OneCard, Wirecard, WebMoney and Global Payments, among others.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing Japan and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Payment Gateways. Europe also play important roles in global market, with market size of 829.26 million USD in 2019. Geographically, global Payment Gateways market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

PayPal
Stripe
Amazon Payments
Authorize.net
WorldPay
Adyen
CCBill
2Checkout
First Data
SecurePay
PayU
MOLPay
Paymill
GMO
Alipay
Tenpay
Ping++
Boleto
CashU
OneCard
Wirecard
WebMoney
Realex

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On the basis of product, we research the revenue, market share and growth rate, primarily split into

Online Mode
Offline Mode

For the end users/applications, this report focuses on the status and outlook for major applications/end users, revenue and market share and growth rate of Payment Gateways for each application, including

Retail
Catering Industry
Medicine & Cosmetics
Others

Revenue, market share and growth rate are the key targets for Payment Gateways from 2013 to 2025 (forecast) in these regions

China
USA
Europe
Japan
Korea
India
Global Other

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