Online Payment Gateway Market Analysis and Forecast to 2031: By Application (Large Enterprises, Small & Medium Enterprises), Mode of Interaction (Hosted, API, Others), and Region

An online payment gateway is a service that enables merchants to accept credit card and other forms of electronic payment for goods and services purchased online. Payment gateway services are provided by companies that specialize in secure electronic commerce transactions.

When a shopper attempts to make a purchase from an online store, the payment gateway service provider verifies that the shopper’s credit card is valid and that the shopper has the necessary funds to complete the transaction. The payment gateway service provider then forwards the transaction information to the merchant’s bank for approval. Once the transaction is approved, the payment gateway service provider notifies the shopper and the merchant of the successful transaction.

Key Trends

Some key trends in online payment gateway technology include the following:

1. Increased use of mobile devices for online payments: More and more consumers are using their mobile devices to make online payments. This trend is being driven by the increasing popularity of mobile commerce and the convenience of using a mobile device to make payments.

2. Increased use of alternative payment methods: Alternative payment methods, such as e-wallets and mobile payments, are becoming increasingly popular.

3. Increased security: Security is a major concern for consumers when making online payments. As a result, online payment gateway providers are continuously working to improve the security of their services.

Key Drivers

Some of the key drivers of the online payment gateway market are increasing internet penetration, the growing e-commerce industry, and evolving digital banking landscape.

Internet penetration is increasing globally, especially in emerging economies. This is resulting in a growing number of online shoppers and transactions.

This growth is being driven by factors such as the increasing use of mobile devices for shopping, the growing popularity of social media, and the increasing use of digital payment methods.

The digital banking landscape is also evolving, with more banks and financial institutions offering digital payment solutions to their customers. This is resulting in a growing number of people using online payment gateway solutions to make payments.

Restraints & Challenges

The key restraints and challenges in the Online Payment Gateway market include the following:

1. Security concerns: One of the key concerns associated with online payment gateways is the security of transactions. There have been cases of fraud and data theft associated with online payments, which have deterred many customers from using this mode of payment.

2. High costs: Another challenge faced by online payment gateway providers is the high costs associated with setting up and maintaining the infrastructure. This is a major barrier for small and medium enterprises that cannot afford the high costs.

3. Lack of awareness: In many parts of the world, awareness about online payment gateways is low. This is a major challenge for the growth of this market.

Market Segments

The online payment gateway market is segmented by application, mode of interaction, and region. By application, it is bifurcated into large enterprises, and small & medium enterprises. Based on the mode of interaction, it is bifurcated into hosted, API, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The global online payment gateway market includes players such as PayPal Holdings Inc., Amazon.com Inc., Stripe, CCBill, AsiaPay Limited, Avangate Inc., Dwolla Inc., Alipay.Com Co. Ltd, Instamojo Technologies Pvt Ltd., Mastercard, and others.

Why GIS?

Table of Contents

Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Online Payment Gateway Market Outlook
3.1. Online Payment Gateway Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Online Payment Gateway Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Online Payment Gateway Market
4.3. Economic Impact Analysis

Chapter 5. Online Payment Gateway Market by Mode of Interaction
5.1. Market Overview
5.2. Hosted Payment Gateway
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. API
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Others
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Online Payment Gateway Market by Application
6.1. Market Overview
6.2. Large Enterprises
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Small and Medium Enterprises
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Online Payment Gateway Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.3. North America Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.2.4. North America Online Payment Gateway Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.5.2. The U.S. Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.6.2. Canada Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.7.2. Mexico Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)

7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.3. Europe Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.3.4. Europe Online Payment Gateway Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.5.2. Germany Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.6.2. France Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.7.2. U.K. Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.8.2. Spain Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.9.2. Italy Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)

7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Online Payment Gateway Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.4. Asia-Pacific Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.5.2. China Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.6.2. India Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.7.2. Japan Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.8.2. South Korea Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)

7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.3. Rest of the World Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.5.4. Rest of the World Online Payment Gateway Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.5.2. Latin America Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.6.2. Middle East Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Online Payment Gateway Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.7.2. Africa Online Payment Gateway Market Size and Forecast by Mode of Interaction, 2021-2031, ($Million)

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. PayPal Holdings Inc.
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Amazon.com Inc.
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Stripe
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. CCBill
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. AsiaPay Limited
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Avangate Inc.
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Dwolla Inc.
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Alipay.Com Co. Ltd
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product Offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Instamojo Technologies Pvt Ltd.
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product Offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Mastercard
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product Offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis

*The list of companies is subject to change during the final compilation of the report

 

 

Market Segmentation

By Mode of Interaction

  • Hosted Payment Gateway
  • API
  • Others

By Application

  • Large Enterprises
  • Small and Medium Enterprises

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Rest of the World
    • Latin America
    • Middle East
    • Africa

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