Market Overview
Payment gateway acts as intermediate between e-commerce site and bank. Online payment encodes sensitive information which is used for authentication of online transaction. It is used for preventing deceitful activities by providing the address verification system (AVS) and card verification value (CVV). Moreover, popularity of digital payment modes such as net banking, credit/debit cards, mobile wallets and growing number of customers using the smartphones for online transactions is driving the growth of the global market. Additionally, partnership of e-commerce sites with numerous payment gateways are providing cashbacks in order to hold their old customer and also to attract new customers.
This emerging need for the payment gateways market through the mobile phone is inspiring the growth prospects of online payment gateway market. It is enhancing the acceptance of mobile devices for user friendly and available advantages fostering the acceptance of mobile commerce making the consumers to buy more smartphones and such devices to shop online. This factor is intended to impact the growth of the market.
Segment Overview
Payment gateway aids various end-users such as travel & hospitality, healthcare, retail, education, utilities, government, others. Retail segment attained the leading share in 2019 and is anticipated to witness noteworthy growth over the forecast period. Retail corporations are adding different payment gateways such as Amazon Pay, among others to the websites which is boosting the growth of market. On the basis of type, the online payment gateway market has classified into self-hosted hosted, and bank integrated. Hosted online payment gateway segment leads the market and is prospective to dominate till 2026 owing to the merchants seeking fast installation of the payment gateway solutions on their website.
Regional Overview
Geographically, the market for online payment gateway is divided into North America, Europe, Middle East and Africa and Asia Pacific. Asia Pacific is anticipated to witness fastest growth due to numerous government initiatives for the digitization in developing economies such as India. China led the highest share in Asia Pacific online payment gateway market. Additionally, the country with India are expected to record impressive growth over the forecast period owing to the increase in number of small and medium companies and customers using online transactions. Moreover, growing penetration of internet in various rural areas of developing economies would positively influence the growth of the Asia Pacific online payment gateway market.
Competitor overview
Security and safety concerns regarding the online payments is concern and thus companies are implementing advanced technologies or solutions. Though, online bids and full-time accessibility are supplementing the growth of the online payment gateway market.
Key Players
- PayPal Holdings
- Stripe, Inc.
- Adyen N.V., Inc.
- Amazon Pay
- Square, Inc.
- Avangate
- AsiaPay
- Dwolla
- Pagosonline
- MyGate
- CCBill
- MercadoPago
Market Segmentation
By Type
- Hosted,
- Self-Hosted,
- Non-Hosted,
- Local, Direct,
- Platform-based
By Application
- Financial Services
- Banking, Retail
- Telecommunications
- Healthcare
- Others
By Geography
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- Rest of LAMEA
1 Executive Summary 13
- 1.1 Prologue 14
2 Market Introduction 15
- 2.1 Definition 16
- 2.2 Scope of the Study 16
- 2.3 List of Assumptions 16
- 2.4 Market Structure 17
3 Research Methodology 18
- 3.1 Research Process 19
- 3.2 Primary Research 20
- 3.3 Secondary Research 21
- 3.4 Market Size Estimation 22
- 3.5 Forecast Model 22
4 Market Dynamics 23
- 4.1 Introduction 24
- 4.2 Drivers 25
- 4.2.1 Increasing digital payment transactions in E-commerce and M-commerce 25
- 4.2.2 Need for user-friendly methods for online payments and reservations 25
- 4.3 Restraint 25
- 4.3.1 Security concerns regarding online payment 25
- 4.4 Opportunities 27
- 4.4.1 Growing use of smartphones for online payments 27
5 Market Factor Analysis 28
- 5.1 Value Chain Analysis 29
- 5.1.1 Payment Platform Developers 30
- 5.1.2 System Integrators 30
- 5.1.3 Service Providers 30
- 5.1.4 End-Users 30
- 5.2 Porter’s Five Forces Model 30
- 5.2.1 Threat of New Entrants 31
- 5.2.2 Bargaining Power of Suppliers 31
- 5.2.3 Bargaining Power of Buyers 31
- 5.2.4 Threat of Substitutes 31
- 5.2.5 Intensity of Rivalry 31
6 Global Online Payment Gateway Market, By Type 32
- 6.1 Overview 33
- 6.1.1 Pro/Self-Hosted Payment Gateways 33
- 6.1.2 Local Bank Integrates 33
- 6.1.3 Platform-Based Payment Gateway Solution 33
- 6.1.4 Others 33
7 Global Online Payment Gateway Market, By Application 35
- 7.1 Overview 36
- 7.1.1 Micro and Small Enterprises 36
- 7.1.2 Large Enterprises 36
- 7.1.3 Mid-Size Enterprises 36
8 Global Online Payment Gateway Market, By Region 38
- 8.1 Introduction 39
- 8.1.1 North America 40
- 8.1.1.1 US 43
- 8.1.1.2 Canada 44
- 8.1.1.3 Mexico 45
- 8.1.2 Europe 46
- 8.1.2.1 UK 49
- 8.1.2.2 Germany 49
- 8.1.2.3 France 50
- 8.1.2.4 Italy 51
- 8.1.2.5 Rest of Europe 52
- 8.1.3 Asia-Pacific 53
- 8.1.3.1 China 56
- 8.1.3.2 Japan 57
- 8.1.3.3 South Korea 57
- 8.1.3.4 India 58
- 8.1.3.5 Rest of Asia-Pacific 59
- 8.1.4 Rest of World 59
- 8.1.4.1 The Middle East & Africa 62
- 8.1.4.2 Latin America 63
- 8.1.1 North America 40
9 Competitive Landscape 64
- 9.1 Competitive Landscape 65
10 Company Profiles 67
- 10.1 PayPal Holdings, Inc. 68
- 10.1.1 Company Overview 68
- 10.1.2 Financial Overview 68
- 10.1.3 Product/Solution Offerings 69
- 10.1.4 Key Developments 69
- 10.1.5 SWOT Analysis 70
- 10.1.6 Key Strategies 70
- 10.2 Stripe 71
- 10.2.1 Company Overview 71
- 10.2.2 Product/Solution Offerings 71
- 10.2.3 Key Developments 71
- 10.2.4 Key Strategy 71
- 10.3 Amazon.com, Inc. 72
- 10.3.1 Company Overview 72
- 10.3.2 Financial Overview 72
- 10.3.3 Product/Solution Offerings 73
- 10.3.4 Key Developments 73
- 10.3.5 SWOT Analysis 73
- 10.3.6 Key Strategies 74
- 10.4 Visa, Inc. 75
- 10.4.1 Company Overview 75
- 10.4.2 Financial Overview 75
- 10.4.3 Product/Solution Offerings 76
- 10.4.4 Key Developments 76
- 10.4.5 SWOT Analysis 77
- 10.4.6 Key Strategies 77
- 10.5 Worldpay, Inc. 78
- 10.5.1 Company Overview 78
- 10.5.2 Product/Solution Offerings 78
- 10.5.3 Key Developments 78
- 10.5.4 SWOT Analysis 79
- 10.6 Adyen NV 80
- 10.6.1 Company Overview 80
- 10.6.2 Financial Overview 80
- 10.6.3 Product/Solution Offerings 81
- 10.6.4 Key Developments 81
- 10.6.5 SWOT Analysis 81
- 10.6.6 Key Strategy 81
- 10.7 CCBill, LLC 82
- 10.7.1 Company Overview 82
- 10.7.2 Product/Solution Offerings 82
- 10.8 2Checkout.com, Inc. 83
- 10.8.1 Company Overview 83
- 10.8.2 Product/Solution Offerings 83
- 10.8.3 Key Developments 83
- 10.8.4 Key Strategy 84
- 10.9 First Data Corp. 85
- 10.9.1 Company Overview 85
- 10.9.2 Financial Overview 85
- 10.9.3 Product/Solution Offerings 86
- 10.9.4 Key Developments 86
- 10.9.5 SWOT Analysis 87
- 10.9.6 Key Strategy 87
- 10.10 SecurePay Pty Ltd. 88
- 10.10.1 Company Overview 88
- 10.10.2 Product/Solution Offerings 88
- 10.11 Naspers Ltd. 89
- 10.11.1 Company Overview 89
- 10.11.2 Financial Overview 90
- 10.11.3 Product/Solution Offerings 90
- 10.11.4 Key Developments 90
- 10.11.5 SWOT Analysis 91
- 10.11.6 Key Strategies 91
- 10.12 Verizon Communications, Inc. 92
- 10.12.1 Company Overview 92
- 10.12.2 Financial Overview 92
- 10.12.3 Product/Solution Offerings 93
- 10.12.4 SWOT Analysis 93
- 10.12.5 Key Strategy 93
- 10.13 GMO Payment Gateway, Inc. 94
- 10.13.1 Company Overview 94
- 10.13.2 Financial Overview 94
- 10.13.3 Product/Solution Offerings 95
- 10.14 Alibaba Group Holding Ltd. 96
- 10.14.1 Company Overview 96
- 10.14.2 Financial Overview 97
- 10.14.3 Product/Solution Offerings 97
- 10.14.4 Key Developments 98
- 10.14.5 SWOT Analysis 99
- 10.14.6 Key Strategies 99
- 10.15 Tencent Holdings Ltd. 100
- 10.15.1 Company Overview 100
- 10.15.2 Financial Overview 100
- 10.15.3 Product/Solution Offerings 101
- 10.15.4 SWOT Analysis 101
- 10.16 PagBrasil 102
- 10.16.1 Company Overview 102
- 10.16.2 Product/Solution Offerings 102
- 10.17 CASHU 103
- 10.17.1 Company Overview 103
- 10.17.2 Product/Solution Offerings 103
- 10.18 Wirecard AG 104
- 10.18.1 Company Overview 104
- 10.18.2 Financial Overview 104
- 10.18.3 Product/Solution Offerings 105
- 10.18.4 Key Developments 105
- 10.18.5 SWOT Analysis 105
- 10.18.6 Key Strategy 106
- 10.19 Global Payments, Inc. 107
- 10.19.1 Company Overview 107
- 10.19.2 Financial Overview 107
- 10.19.3 Product/Solution Offerings 108
- 10.19.4 Key Developments 108
- 10.19.5 SWOT Analysis 108
- 10.19.6 Key Strategy 108
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
