September 25, 2019

Payment Gateways Market by Glorious Opportunities, Business Growth, Size, and Statistics Forecasts Up To 2025

Verifiedmarketresearch has published a report entitled Global Payment Gateways Market Research Report 2019 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.

The Global Payment Gateways Market was valued at USD 10.21 billion in 2016 and is projected to reach USD 33.25 billion by 2025, growing at a CAGR of 14.02% from 2017 to 2025.

The major manufacturers covered in this report- Worldpay Group, Wirecard, Adyen, Allied Wallet, PayPal, Amazon Payments, CCBill and Stripe.

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What is Payment Gateways?

A Payment Gateway is defined as a service that is provided by an e-commerce based application that allows direct payment processing or for online vendors. This form of payment has proven to increase the overall efficiency in the online payment service as well as have additional advantages such as the added convenience to the customer, the protection from fraudulent activity as well as the enablement of the usage of multiple currencies which aids the overall online market.

With the increase in the implementation of more complex technologies, there is a rise in systems such as big data management and mobile wallets. These technologies are increasing the focus on customer satisfaction. This shift towards digital commerce has led to these factors driving the payment gateways market. Factors such as the concerns for security and the lack of other payment options, along with the high entry barriers have resulted in restraint in the global payment gateways market.

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Market Segment by Regions, regional analysis covers 2019-2025:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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What are the Payment Gateways market factors that are explained in the report

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: The Global Payment Gateways Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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