Payment Gateway Market by Types (Hosted and Non-hosted), Enterprises (Large Enterprises and Small & Medium Enterprises), End-users (BFSI, Travel & Hospitality, Retail & E-commerce, Media & Entertainment, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
The global payment gateway market size was valued at USD 22.1 Billion in 2021 and is expected to surpass USD 58.7 Billion by 2030, expanding at a CAGR of 21.2% during the forecast period, 2022-2030. The growth of the market is attributed to the rapid digital transformation of payment systems and the rising popularity of cashless payment through mobile methods.
A payment gateway refers to an electronic platform through which a consumer can make the payment digitally or make cashless transactions possible. It is a high-end payment service system that allows consumers to pay directly to merchants using either their smartphones or swiping debit or credit cards to the card reading machines.
The payment gateway basically provides a better payment experience and payment security for consumers as it offers a safe mode of transaction and reliable payment methods. As a result, several merchants adopt several payment gateway methods such as point-of-sale terminals, especially at most brick-and-mortar stores to ensure a convenient and effective checkout process for customers.
Similarly, these payment platforms are also widely used as a ‘checkout’ portal for online stores to complete the payment process of consumers. Every provider of payment gateway had to link with banking organizations to facilitate payment services such as UPI, RTGS, or NEFT using net banking facilities by customers.
The COVID-19 pandemic opened up several opportunities for market expansion as consumers had to rely on online platforms for buying their essential house items due to movement restrictions, impacted by emergency lockdowns. This resulted in a rapid surge in online sales, which led to the massive growth of e-commerce platforms. Moreover, government regulations encouraging consumers to use digital platforms to allow contactless and cashless payment in a view to curb the virus spread further boosts the market during the pandemic.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for reliable payment methods that can offer an easy and fast payment experience for customers is a key factor driving the market.
- Rising acceptance of mobile payment processes by merchants to secure their transaction platforms presents another key driver of the market.
- High penetration of the high-speed internet and rising smartphone users, especially in developing countries are major factors fueling the market.
- Rapid expansion of e-commerce retail platforms offering a range of consumers ranging from medicines to cosmetic items is expected to propel the market in the coming years.
- Issues related to the personal data protection of users and increasing incidences of fraudulent online payment activities are major challenges that can impede the market during the forecast period.
- Massive R&D programs and technological advancements for the development of innovative payment methods and platforms to expand more consumer base globally are creating immense opportunities for the market.
Scope of Payment Gateway Market Report
The report on the global payment gateway market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Payment Gateway Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2021 |
|
Historic Data |
2019–2020 |
|
Forecast Period |
2022–2030 |
|
Segmentation |
Types (Hosted and Non-hosted), Enterprises (Large Enterprises and Small & Medium Enterprises), and End-users (BFSI, Travel & Hospitality, Retail & E-commerce, Media & Entertainment, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
PayPal Holdings, Inc.; Amazon Pay; Authorize.Net; Verifone Holdings, Inc.; Stripe, Inc.; Wepay, Inc.; Skrill Limited; PayU Group; and Bitpay, Inc. |
Payment Gateway Market Segment Insights
Wide adoption among merchants fuels the hosted segment
Based on types, the global payment gateway market is bifurcated into hosted and non-hosted. The hosted segment accounted for over 55% share of the overall market revenue in 2021 and is expected to expand at a rapid growth rate during the forecast period due to the wide adoption of hosted payment gateways by merchants.
The hosted payment gateway offers a range of advantages such as easy payment processes, secured transactions, and safer options for third-party payment, which help to ensure high convenience for customers.
Large enterprises segment to register a considerable CAGR
On the basis of enterprises, the market is segregated into large enterprises and small & medium enterprises. The large enterprise segment accounted for a dominant market share in 2021, representing over 55% share of the total market revenue, and is projected to register a considerable CAGR during the forecast period.
The segment growth is attributed to the wide installation of websites, offering online payment for products purchase, and the rising need to deploy highly effective payment methods for a better experience for their customers.
Rapid expansion of online platforms fuels the retail & e-commerce segment
Based on end-users, the global payment gateway market is segmented into BFSI, travel & hospitality, retail & e-commerce, media & entertainment, and others. The retail & e-commerce segment constituted a major share of the market in 2021, accounting for over 24.5% share of the total market revenue.
Rapid expansion of the e-commerce platforms globally and rising consumers’ preference for online shopping due to heavy discount offers of the consumers' products and door-step delivery services are key factors boosting the segment.
North America to dominate the market
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a dominant market share in 2021, representing more than 35% of the global market revenue, and is expected to dominate the market during the projected period.
The regional market growth is attributed to the early adoption of digital technology in payment methods and the wide acceptance of payment gateways by several end-users, especially those associated with retail and e-commerce companies.
Moreover, the presence of key global players in the region such as PayPal Holdings Inc., Amazon Payments Inc., and Mastercard further fuel the regional market. On the other hand, Asia Pacific is a fast-growing market and is projected to hold a key market share in the coming years owing to rising users of smartphones and high penetration of the Internet among smartphone users in the region.
Segments
The global payment gateway market has been segmented on the basis of
Types
- Hosted
- Non-hosted
Enterprises
- Large Enterprises
- Small & Medium Enterprises
End-users
- BFSI
- Travel & Hospitality
- Retail & E-commerce
- Media & Entertainment
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- PayPal Holdings, Inc.
- Amazon Pay
- Authorize.net
- Verifone Holdings, Inc.
- Stripe, Inc.
- Wepay, Inc.
- Skrill Limited
- PayU Group
- Bitpay, Inc.
Competitive Landscape
Key players competing in the global payment gateway market are PayPal Holdings, Inc.; Amazon Pay; Authorize.Net; Verifone Holdings, Inc.; Stripe, Inc.; Wepay, Inc.; Skrill Limited; PayU Group; and Bitpay, Inc.
Some of these players have adopted a series of business development strategies including merger and acquisition, product launches, production capacity expansion, and entering into collaboration and partnerships to expand their consumer base and enhance their market share.
For instance,
- In May 2021, a leading US-based financial service provider, Stripe, Inc. entered into a partnership with GrabPay, a major payment solutions provider to expand their business operations in Malaysia and Singapore. The partnership aimed to offer a better online payment method using GrabPay’s e-wallet.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Payment Gateway Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Payment Gateway Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Payment Gateway Market - Supply Chain
4.5. Global Payment Gateway Market Forecast
4.5.1. Payment Gateway Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Payment Gateway Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Payment Gateway Market Absolute $ Opportunity
5. Global Payment Gateway Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Payment Gateway Market Size and Volume Forecast by Types
5.3.1. Hosted
5.3.2. Non-hosted
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Payment Gateway Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Payment Gateway Market Size and Volume Forecast by End Users
6.3.1. BFSI
6.3.2. Travel & Hospitality
6.3.3. Retail & E-commerce
6.3.4. Media & Entertainment
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Payment Gateway Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Payment Gateway Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Payment Gateway Demand Share Forecast, 2019-2026
8. North America Payment Gateway Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Payment Gateway Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Payment Gateway Market Size and Volume Forecast by Types
8.4.1. Hosted
8.4.2. Non-hosted
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Payment Gateway Market Size and Volume Forecast by End Users
8.7.1. BFSI
8.7.2. Travel & Hospitality
8.7.3. Retail & E-commerce
8.7.4. Media & Entertainment
8.7.5. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Payment Gateway Demand Share Forecast, 2019-2026
9. Latin America Payment Gateway Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Payment Gateway Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Payment Gateway Market Size and Volume Forecast by Types
9.4.1. Hosted
9.4.2. Non-hosted
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Payment Gateway Market Size and Volume Forecast by End Users
9.7.1. BFSI
9.7.2. Travel & Hospitality
9.7.3. Retail & E-commerce
9.7.4. Media & Entertainment
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Payment Gateway Demand Share Forecast, 2019-2026
10. Europe Payment Gateway Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Payment Gateway Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Payment Gateway Market Size and Volume Forecast by Types
10.4.1. Hosted
10.4.2. Non-hosted
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Payment Gateway Market Size and Volume Forecast by End Users
10.7.1. BFSI
10.7.2. Travel & Hospitality
10.7.3. Retail & E-commerce
10.7.4. Media & Entertainment
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Payment Gateway Demand Share Forecast, 2019-2026
11. Asia Pacific Payment Gateway Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Payment Gateway Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Payment Gateway Market Size and Volume Forecast by Types
11.4.1. Hosted
11.4.2. Non-hosted
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Payment Gateway Market Size and Volume Forecast by End Users
11.7.1. BFSI
11.7.2. Travel & Hospitality
11.7.3. Retail & E-commerce
11.7.4. Media & Entertainment
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Payment Gateway Demand Share Forecast, 2019-2026
12. Middle East & Africa Payment Gateway Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Payment Gateway Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Payment Gateway Market Size and Volume Forecast by Types
12.4.1. Hosted
12.4.2. Non-hosted
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Payment Gateway Market Size and Volume Forecast by End Users
12.7.1. BFSI
12.7.2. Travel & Hospitality
12.7.3. Retail & E-commerce
12.7.4. Media & Entertainment
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Payment Gateway Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Payment Gateway Market: Market Share Analysis
13.2. Payment Gateway Distributors and Customers
13.3. Payment Gateway Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. PayPal Holdings, Inc.
13.4.2. Amazon Pay
13.4.3. Authorize.net
13.4.4. Verifone Holdings, Inc.
13.4.5. Stripe, Inc.
13.4.6. Wepay, Inc.
13.4.7. Skrill Limited
13.4.8. PayU Group
2. Assumptions and Acronyms Used
3. Research Methodology
4. Payment Gateway Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Payment Gateway Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Payment Gateway Market - Supply Chain
4.5. Global Payment Gateway Market Forecast
4.5.1. Payment Gateway Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Payment Gateway Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Payment Gateway Market Absolute $ Opportunity
5. Global Payment Gateway Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Payment Gateway Market Size and Volume Forecast by Types
5.3.1. Hosted
5.3.2. Non-hosted
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Payment Gateway Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Payment Gateway Market Size and Volume Forecast by End Users
6.3.1. BFSI
6.3.2. Travel & Hospitality
6.3.3. Retail & E-commerce
6.3.4. Media & Entertainment
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Payment Gateway Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Payment Gateway Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Payment Gateway Demand Share Forecast, 2019-2026
8. North America Payment Gateway Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Payment Gateway Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Payment Gateway Market Size and Volume Forecast by Types
8.4.1. Hosted
8.4.2. Non-hosted
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Payment Gateway Market Size and Volume Forecast by End Users
8.7.1. BFSI
8.7.2. Travel & Hospitality
8.7.3. Retail & E-commerce
8.7.4. Media & Entertainment
8.7.5. Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Payment Gateway Demand Share Forecast, 2019-2026
9. Latin America Payment Gateway Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Payment Gateway Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Payment Gateway Market Size and Volume Forecast by Types
9.4.1. Hosted
9.4.2. Non-hosted
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Payment Gateway Market Size and Volume Forecast by End Users
9.7.1. BFSI
9.7.2. Travel & Hospitality
9.7.3. Retail & E-commerce
9.7.4. Media & Entertainment
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Payment Gateway Demand Share Forecast, 2019-2026
10. Europe Payment Gateway Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Payment Gateway Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Payment Gateway Market Size and Volume Forecast by Types
10.4.1. Hosted
10.4.2. Non-hosted
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Payment Gateway Market Size and Volume Forecast by End Users
10.7.1. BFSI
10.7.2. Travel & Hospitality
10.7.3. Retail & E-commerce
10.7.4. Media & Entertainment
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Payment Gateway Demand Share Forecast, 2019-2026
11. Asia Pacific Payment Gateway Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Payment Gateway Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Payment Gateway Market Size and Volume Forecast by Types
11.4.1. Hosted
11.4.2. Non-hosted
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Payment Gateway Market Size and Volume Forecast by End Users
11.7.1. BFSI
11.7.2. Travel & Hospitality
11.7.3. Retail & E-commerce
11.7.4. Media & Entertainment
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Payment Gateway Demand Share Forecast, 2019-2026
12. Middle East & Africa Payment Gateway Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Payment Gateway Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Payment Gateway Market Size and Volume Forecast by Types
12.4.1. Hosted
12.4.2. Non-hosted
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Payment Gateway Market Size and Volume Forecast by End Users
12.7.1. BFSI
12.7.2. Travel & Hospitality
12.7.3. Retail & E-commerce
12.7.4. Media & Entertainment
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Payment Gateway Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Payment Gateway Market: Market Share Analysis
13.2. Payment Gateway Distributors and Customers
13.3. Payment Gateway Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. PayPal Holdings, Inc.
13.4.2. Amazon Pay
13.4.3. Authorize.net
13.4.4. Verifone Holdings, Inc.
13.4.5. Stripe, Inc.
13.4.6. Wepay, Inc.
13.4.7. Skrill Limited
13.4.8. PayU Group
The global payment gateway market has been segmented on the basis of
Types
- Hosted
- Non-hosted
Enterprises
- Large Enterprises
- Small & Medium Enterprises
End-users
- BFSI
- Travel & Hospitality
- Retail & E-commerce
- Media & Entertainment
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- PayPal Holdings, Inc.
- Amazon Pay
- Authorize.net
- Verifone Holdings, Inc.
- Stripe, Inc.
- Wepay, Inc.
- Skrill Limited
- PayU Group
- Bitpay, Inc.
Key players competing in the global payment gateway market are PayPal Holdings, Inc.; Amazon Pay; Authorize.Net; Verifone Holdings, Inc.; Stripe, Inc.; Wepay, Inc.; Skrill Limited; PayU Group; and Bitpay, Inc.
Some of these players have adopted a series of business development strategies including merger and acquisition, product launches, production capacity expansion, and entering into collaboration and partnerships to expand their consumer base and enhance their market share.
For instance,
- In May 2021, a leading US-based financial service provider, Stripe, Inc. entered into a partnership with GrabPay, a major payment solutions provider to expand their business operations in Malaysia and Singapore. The partnership aimed to offer a better online payment method using GrabPay’s e-wallet.
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FAQ Section
Some frequently asked quetions about this report!
The global payment gateway market size was valued at USD 22.1 billion in 2021 and is expected to surpass USD 58.7 billion by 2030.
The retail & e-commerce constituted a major share of the market in 2021, accounting for over 24.5% share of the total market revenue.
The key drivers of the market include the rapid digital transformation of payment system and rising popularity of cashless payment through mobile methods.
North America held a dominant market share in 2021, representing more than 35% of the global market revenue and is expected to dominate the market.
The key players of the market are PayPal Holdings, Inc.; Amazon Pay; Authorize.Net; Verifone Holdings, Inc.; Stripe, Inc.; Wepay, Inc.; Skrill Limited; PayU Group; and Bitpay, Inc.
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