Global Online Payment Gateway Market - Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2022 – 2032
Global Online Payment Gateway Market by Enterprise Size (Small & Medium Enterprises and Large Enterprises), Payment Type (Direct Payment Gateway, Platform-based Payment Gateway, Hosted Payment Gateway, Non-Hosted Payment Gateway), End-User (Retail, E-commerce, BFSI), and Regions (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032
The Online Payment Gateway market size was valued at USD 117 billion in 2022 and is expected to surpass USD 293 billion by 2032, expanding at a CAGR of 9.7 % during the forecast period, 2022–2032. The market's growth is attributed to the integration of payment gateway, and the growing digital transformation of organizations worldwide.
INTRODUCTION
An online payment gateway is a service that enables merchants to accept credit cards and electronic payments through their websites. It acts as an intermediary between the customer's bank and the merchant's website, securely transmitting transaction information and processing the payment.
The payment gateway is responsible for verifying the customer's payment information, such as their credit card number, expiration date, and security code, as well as ensuring that the customer has sufficient funds to complete the transaction. It also handles any fraud detection and prevention measures. Online payment gateways typically integrate with e-commerce platforms and shopping cart software, making it easy for merchants to add payment functionality to their websites. They also provide a variety of features such as recurring payments, refunds and chargebacks management, fraud detection and prevention, and compliance with security standards such as PCI-DSS. Some examples of popular online payment gateway providers include PayPal, Stripe, and Square. These providers typically charge a transaction fee per successful payment and a monthly or annual service fee. It's worth mentioning that an online payment gateway is a must for businesses that operate online and want to sell products or services because it enables merchants to accept payments from anywhere in the world, 24/7, which can increase their sales and revenue
Market Trends, Drivers, Restraints, and Opportunities
Scope of the Report
Attributes |
Details |
---|---|
Report Title | Online Payment Gateway Market - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast |
Base Year | 2022 |
Historic Data | 2021–2022 |
Forecast Period | 2022–2032 |
Segmentation | Enterprise Size (Small & Medium Enterprises and Large Enterprises), Payment Type (Direct Payment Gateway, Platform-based Payment Gateway, Hosted Payment Gateway, Non-Hosted Payment Gateway), End-User (Retail, E-commerce, BFSI) |
Regional Scope | APAC, Europe, North America, and LAMEA |
Key Players Covered in the Report | Amazon Payments Inc. (U.S.); Bitpay, Inc. (U.S.); Phonepe (India); PayPal Holdings, Inc. (U.S.); Wepay, Inc. (U.S.); Paytm (India) |
Market Segment Insights
The large enterprise size segment is projected to register a considerable CAGR
Based on enterprise size, the online payment gateway market is divided into small & medium enterprises and large enterprises. The large enterprise size segment is expected to expand rapidly during the forecast period owing to higher customer visits deploying effective solutions for their customers during the checkout process. However, the small & medium enterprise size segment is anticipated to hold a key share of the market in the coming years owing to faster payment processing and offering increased convenience to customers.
The hosted payment gateway segment is expected to expand at a rapid pace
Based on payment type, the online payment gateway market is divided into the direct payment gateway, platform-based payment gateway, hosted payment gateway, and non-hosted payment gateway. The hosted payment gateway segment is expected to expand rapidly during the forecast period owing to the easy payment setup system and reduced merchant liability. However, the non-hosted segment is anticipated to hold a key share of the market in the coming years as retailers can retain control over the whole checkout process.
The retail and e-commerce segment is projected to register a considerable CAGR
On the basis of end-user, the online payment gateway market is segregated into retail, e-commerce, and BFSI. The retail and e-commerce segment is projected to register a considerable CAGR during the forecast period owing to the rising number of online transactions in retail and e-commerce businesses worldwide.
Asia Pacific holds a key market share
In terms of regions, the online payment gateway market is classified as APAC, Europe, North America, and LAMEA. The market of Asia Pacific is expected to constitute a key share of the market during the projected period owing to various initiatives taken by governments to improve online payment infrastructure in the region. However, the North American market is expected to expand at a rapid pace during the forecast period.
Competitive Landscape
Key players competing in the Online Payment Gateway market are Amazon Payments Inc. (U.S.); Bitpay, Inc. (U.S.); Phonepe (India); PayPal Holdings, Inc. (U.S.) Wepay, Inc. (U.S.); Paytm (India).
FAQs
How much is the market worth?
The Online Payment Gateway market size was valued at USD 117 billion in 2022 and is expected to surpass USD 293 billion by 2032.
During the forecast period, what is the CAGR of the market?
During the forecast period, the CAGR of the market is expected to be 9.7%.
What are the key drivers of the market?
The market's growth is attributed to the integration of payment gateway, and the growing digital transformation of organizations worldwide.
What segments are covered in the Online Payment Gateway report?
The segments covered in the report are enterprise size (small & medium enterprises and large enterprises), payment type (direct payment gateway, platform-based payment gateway, hosted payment gateway, non-hosted payment gateway), and end-user (retail, e-commerce, BFSI).
Mention which region is expected to hold the highest share of the Online Payment Gateway market.
The Asia Pacific region is expected to hold the highest share of the Online Payment Gateway market.
Which segment holds the largest market share in the Online Payment Gateway by 2032?
The hosted segment holds the largest market share in the Online Payment Gateway by 2032.
Mention the key players in the market.
Amazon Payments Inc. (U.S.); Bitpay, Inc. (U.S.); Phonepe (India); PayPal Holdings, Inc. (U.S.); Wepay, Inc. (U.S.); Paytm (India)
1 INTRODUCTION TO GLOBAL ONLINE PAYMENT GATEWAY MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL ONLINE PAYMENT GATEWAY MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain Analysis
5 GLOBAL ONLINE PAYMENT GATEWAY MARKET, BY ENTERPRISE SIZE
5.1 Overview
5.2 Small & Medium Enterprises
5.3 Large Enterprises
6 GLOBAL ONLINE PAYMENT GATEWAY MARKET, PAYMENT TYPE
6.1 Overview
6.2 Direct Payment Gateway
6.3 Platform-based Payment Gateway
6.4 Hosted Payment Gateway
6.5 Non-Hosted Payment Gateway
7 GLOBAL ONLINE PAYMENT GATEWAY MARKET, BY END-USER
7.1 Overview
7.2 Retail
7.3 E-commerce
7.4 BFSI
8 GLOBAL ONLINE PAYMENT GATEWAY MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 The Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 The Middle East & Africa
9 GLOBAL ONLINE PAYMENT GATEWAY MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Amazon Payments Inc. (U.S.)
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Bitpay, Inc. (U.S.)
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Phonepe (India)
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 PayPal Holdings, Inc. (U.S.)
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Wepay, Inc. (U.S.)
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Paytm (India)
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
11 Appendix
11.1 Related Research
Segments Covered in the Report
Enterprise Size
Payment Type
End-User
Regions
Key Players
WishTree Insights uses recent research tools and provides accurate data to the clients. Our expert team delivers the perfect research report that generates revenue and recommendations.
By using the Bottom-Up and Top-Down methods we carry out extensive research. Our focus is on the following parameters:
Our expertise uses primary research with Key for validating the market forecasts:
WishTree Database
Primary research |
Secondary research |
---|---|
|
|
|
|
|
|
|
|
|
Industry Analysis
Qualitative analysis |
Quantitative analysis |
---|---|
|
|
|
|
|
|
|
|
|
|
|
Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization