Payment Gateway Market Overview
Payment Gateway technology is used by merchants for accepting credit & debit card purchases from customers and are similar to the point of sale terminals. Google Pay, Paytm, UPI (Unified Payments Interface) are some examples of the payment gateway.
Growing adoption of digital technology has become major contribution in market growth. Further, surge in demand for smartphones and rising demand for mobile-based payments by an individual across the world is likely to propel market growth. Growing partnerships of E-commerce companies with payment service providers is expected to fruitful the demand for Payment Gateway Market growth
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Attributes |
Details |
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Payment Gateway Market Value (2022) |
US$ 26.79Bn |
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Payment Gateway Market Projected Value (2032) |
US$ 201.4Bn |
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Payment Gateway Market CAGR (2022 – 2032) |
23.3% |
Payment Gateway Market Dynamics
Advancement in Technology to Fuel Market Growth
Rising adoption of digital technology and surge in demand for internet services across globe has become a leading factor in market growth. Growing popularity of mobile-based apps such as Google Pay, Paytm, PayPal and others for making money transfer has fueled the demand for internet banking services which in turn foster the demand for market growth. The Payment Gateway has become a key component of electronic payment processing system which transfer information of customers to the merchant acquiring bank, then transaction is processed. Growing investment by government to promote internet services for penetrating digital technology in rural areas has further, provided lucrative opportunities in Payment Gateway market growth. Advancement in payment gateway and initiatives taken by companies to improve present technology has driven market growth.
For instance, Stripe has changed the course of technology and its software kits support Apple Pay integration in Bitcons, iOS apps and Alipay. Paypal is most favored payment gateway but customer preference has been shifted towards Stripe due to its advancement and improved technology.
Restrains:
However, lack of internet access in rural areas has restrained the market growth. Lack of international standards for cross-border payments has further, hampered the demand for Payment Gateway market growth.
Payment Gateway Market Segmentation
Payment Gateway Market is segmented based on Type, Enterprise Size, End-Users and Region.
Type Insight
On the basis of Type, Payment Gateway Market is segmented into Hosted, Non-hosted. The Hosted type segment is expected to dominate the target market growth owing to reduced merchant liability and easy payment setup. Further, it allows merchants for reducing fraudulent activities which boost the segment growth.
Enterprise Size Insights
On the basis of Enterprise Size, Payment Gateway Market is segmented into Small & Medium Enterprises, Large Enterprises. Large Enterprises enterprise size segment is expected to dominate the target market growth owing to higher customer visits. Large enterprises need safe and highly secure mode of transactions which are offered by payment gateways which in turn, boost the segment growth.
End-Users Insights
On the basis of End-Users, Payment Gateway Market is segmented into Retail & E-commerce, BFSI, Travel & Hospitality, Media & Entertainment, and Others. Retail & E-commerce end-users segment is expected to dominate the target market growth owing to growing number of online transactions in these sector. Further, growing online shopping and demand for online retailing has boost the segment growth.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Payment Gateway Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. Moreover, high disposable income, advancement in technology, application of payment gateway in end-user industries such as E-commerce, presence of major players such as PayPal Holdings Inc., Amazon Payments Inc., Square, Mastercard and others is anticipated to increase demand for Payment Gateway in the region.
Report Scope:
|
Attribute |
Details |
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Base year for estimation |
2022 |
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Forecast period |
2022 – 2032 |
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Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
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Market Segmentation |
By Type - Hosted, Non-hosted By Enterprise Size - Small & Medium Enterprises, Large Enterprises By End-Users - Retail & E-commerce, BFSI, Travel & Hospitality, Media & Entertainment, and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Payment Gateway Market report based on Type, Enterprise Size, End-Users and Region:
Payment Gateway Market, By Type:
- Hosted
- Non- hosted
Payment Gateway Market, By Enterprise Size:
- Small & Medium Enterprises
- Large Enterprises
Payment Gateway Market, By End-Users:
- Retail & E-commerce
- BFSI
- Travel & Hospitality
- Media & Entertainment
- Others
Payment Gateway Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Payment Gateway Market Key Players
The key players operating the Payment Gateway Market includes, PayPal Holdings Inc., Amazon Payments Inc., Stripe, Bitpay Inc., Adyen, Wepay Inc., Verifone Holdings Inc., PayU Group, Braintree, Authorize.Net and others.
Payment Gateway Market Company Profile
- PayPal Holdings Inc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Amazon Payments Inc.
- Stripe
- Bitpay Inc.
- Adyen
- Wepay Inc.
- Verifone Holdings Inc.
- PayU Group
- Braintree
- Authorize.Net
“*” marked represents similar segmentation in other categories in the respective section
Recent Development:
- In June 2023, Fintech Unicorn PhonePe launched its new payment gateway to provide best-in-class payment experience for consumers and merchants. The new launched payment gateway is the latest addition to its PhonePe’s series which offers 450 million of strong registered user-base, offline merchants, lending, wealth management and stockbroking.
Payment Gateway Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Enterprise Size
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Payment Gateway Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Hosted
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Non-hosted
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Payment Gateway Market, By Enterprise Size, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Small & Medium Enterprises
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Large Enterprises
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Payment Gateway Market, By End-Users, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Retail & E-commerce
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- BFSI
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Travel & Hospitality
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Media & Entertainment
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Payment Gateway Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Enterprise Size, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- PayPal Holdings Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Amazon Payments Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Stripe
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Bitpay Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Adyen
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Wepay Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Verifone Holdings Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- PayU Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Braintree
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Authorize.Net
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Payment Gateway Market is segmented into Type, Enterprise Size, End-Users and Region.
Payment Gateway Market is driven by advancement in technology.
By region, the Payment Gateway market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the Payment Gateway Market includes, PayPal Holdings Inc., Amazon Payments Inc., Stripe, Bitpay Inc., Adyen, Wepay Inc., Verifone Holdings Inc., PayU Group, Braintree, Authorize.Net and others.
Payment Gateway Market accounted for US$ 26.79 billion in 2022 and is estimated to be US$ 201.4 billion by 2032 and is anticipated to register a CAGR of 23.3%.