Payment Gateway Market to 2025 - Global Analysis and Forecasts by Type (Hosted Payment Gateway, Non-Hosted Payment Gateway, Direct Payment Gateway and Platform Based Payment Gateway); and Organization Size (Small & Medium Enterprise and Large Enterprise)
- THE3206765
- 137 Pages
- February 2018
- ICT & Media
Payment gateway market is expected to grow US$ 86.9 billion by 2025 from US$ 30.6 billion in 2016. Hosted payment gateway is expected to continue its dominance. Currently, more than 50% of the payment gateway deployments are hosted. Hosted payment gateways are the most convenient and economic gateways, that are not only highly secure but customizable and user-friendly. Lesser investments and easy integration with the systems have made the adoption of hosted payment gateways more attractive among the organizations.
Key trend which will predominantly affect the market in coming year is development of payment gateways by the merchants themselves for management of large volume transactions. Consumers across the globe are evolving with the adoption of new tools to enhance their overall shopping experience. This creates a significant opportunity for the merchants to integrate 'Business to Consumer' B2C sales channel and to leverage sales data generated to understand consumer behavior. Keeping these goals in mind, major e-commerce players are developing their own payment gateway solutions combined with eWallet services. This trend is particularly identified among merchants handling large volume transaction. However, only a handful of companies are capable of developing their own payment gateway network due to high development & maintenance cost and other value-added services.
Payment gateway market by type is segmented into hosted payment gateway, non-hosted payment gateway, direct payment gateway and platform based payment gateway. Payment gateway solutions have accomplished several crucial tasks in online purchasing & transaction management. Rather than transmitting payments (this is the role of dedicated payment processors), payment gateway solutions authorize the funds being transferred to the seller and do so in a secure and convenient manner for the buyer. Almost all the types are increasingly demanding payment gateway capabilities that improve the payment convenience while limiting security risks.
The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interviews wer conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the payment gateway industry.
1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 10
2 Introduction 13
2.1 Scope of the Study 13
2.2 The Insight Partners Research Report Guidance 13
3 Key Takeaways 15
4 Payment Gateway Market Landscape 17
4.1 Market Overview 17
4.2 Market Segmentation 18
4.2.1 Global Payment Gateway Market - By Type 19
4.2.2 Global Payment Gateway Market - By Organization Size 20
4.2.3 Global Payment Gateway Market - By Geography 20
4.3 PEST Analysis 22
4.3.1 North America PEST Analysis 22
4.3.2 Europe PEST Analysis 24
4.3.3 Asia Pacific PEST Analysis 26
4.3.4 Middle East & Africa PEST Analysis 28
4.3.5 South America PEST Analysis 31
5 Global Payment Gateway Market - Key Industry Dynamics 33
5.1 Key Market Drivers 33
5.1.1 Increasing number of transaction on ecommerce platform via digital payment methods including credit card, debit card and e-wallets 33
5.1.2 Lowering entry barriers in the payment service market together with technological advancement will create favorable environment for payment gateway market 34
5.2 Key Market Restraints 34
5.2.1 Cash based transactions are inhibiting the growth of the market 34
5.3 Key Market Opporunities 35
5.3.1 Increase in ecommerce transaction value, rise in the number of e-commerce startups and shifting trend towards digital payments 35
5.3.2 Development of cutting-edge gateway solutions to promote fast payment processing with enhanced security may assist the company to grab revenue share in the Global Payment Gateway Market 36
5.4 Future Trends 36
5.4.1 Integration of biometric authentication across Payment Gateway solutions 36
5.4.2 Merchants handling large volume transactions are expected for develop their own payment gateway solutions 37
5.5 Impact Analysis of Drivers and Restraints 38
6 Payment Gateway Market - Global 39
6.1 Global Payment Gateway Market Overview 39
6.2 Global Payment Gateway Market Forecast and Analysis 40
7 Global Payment Gateway Market Analysis - By Type 42
7.1 Overview 42
7.2 Hosted Payment Gateway Market 43
7.2.1 Overview 43
7.2.2 Global Hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 43
7.3 Non-hosted Payment Gateway 44
7.3.1 Overview 44
7.3.2 Non-hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 44
7.4 Direct Payment Gateway Market 45
7.4.1 Overview 45
7.4.2 Direct Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 45
7.5 Platform Based Payment Gateway 46
7.5.1 Overview 46
7.5.2 Platform Based Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 46
Global Payment Gateway Market Analysis - By Organization Size 48
7.6 Overview 48
7.7 Small & Medium Enterprise 49
7.7.1 Overview 49
7.7.2 Global Small & Medium Enterprise Market Revenue and Forecasts to 2025 (US$ Mn) 49
7.8 Large Enterprise 50
7.8.1 Overview 50
7.8.2 Global Large Enterprises Market Revenue and Forecasts to 2025 (US$ Mn) 50
8 Global Payment Gateway Market - Geographical Analysis 51
8.1 Overview 51
8.2 North America Payment Gateway Market Revenue and Forecasts to 2025 52
8.2.1 Overview 52
8.2.2 North America Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 52
8.2.3 North America Payment Gateway Market Breakdown by Key Countries 54
8.2.3.1 US Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 55
8.2.3.2 Canada Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 56
8.2.3.3 Mexico Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 57
8.2.4 North America Payment Gateway Market Breakdown by Type 58
8.2.5 North America Payment Gateway Market Breakdown by Organization Size 59
8.3 Europe Payment Gateway Market Revenue and Forecasts to 2025 61
8.3.1 Overview 61
8.3.2 Europe Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 61
8.3.3 Europe Payment Gateway Market Breakdown by Key Countries 62
8.3.3.1 France Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 64
8.3.3.2 Germany Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 65
8.3.3.3 Italy Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 66
8.3.3.4 Spain Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 67
8.3.3.5 UK Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 68
8.3.3.6 Rest of Europe Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 69
8.3.4 Europe Payment Gateway Market Breakdown by Type 70
8.3.5 Europe Payment Gateway Market Breakdown by Organization Size 71
8.4 Asia Pacific (APAC) Payment Gateway Market Revenue and Forecasts to 2025 72
8.4.1 Overview 72
8.4.2 Asia Pacific Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 72
8.4.3 Asia Pacific Payment Gateway Market Breakdown by Countries 73
8.4.3.1 China Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 74
8.4.3.2 India Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 75
8.4.3.3 Japan Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 76
8.4.3.4 Australia Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 77
8.4.3.5 Rest of APAC Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 78
8.4.4 Asia Pacific Payment Gateway Market Breakdown by Type 79
8.4.5 Asia Pacific Payment Gateway Market Breakdown by Organization Size 80
8.5 Middle East & Africa (MEA) Payment Gateway Market Revenue and Forecasts to 2025 81
8.5.1 Overview 81
8.5.2 Middle East & Africa Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 81
8.5.3 Middle East & Africa Payment Gateway Market Breakdown by Key Countries 83
8.5.3.1 Saudi Arabia Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 84
8.5.3.2 UAE Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 85
8.5.3.3 South Africa Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 86
8.5.3.4 Rest of MEA Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 87
8.5.4 Middle East & Africa Payment Gateway Market Breakdown by Type 88
8.5.5 Middle East & Africa Payment Gateway Market Breakdown by Organization Size 89
8.6 South America Payment Gateway Market Revenue and Forecasts to 2025 91
8.6.1 Overview 91
8.6.2 South America Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 91
8.6.3 South America Payment Gateway Market Breakdown by Key Countries 93
8.6.3.1 Brazil Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 94
8.6.4 South America Payment Gateway Market Breakdown by Type 95
8.6.5 South America Payment Gateway Market Breakdown by Organization Size 96
9 Industry Landscape 97
9.1 Market Initative 97
9.2 Investment scenarios 98
9.3 Merger and Acquisition 98
9.4 New Development 99
10 Competitive Landscape 100
10.1 Competitive Product Mapping 100
10.2 Market Positioning 102
11 Global Payment Gateway Market - Key Company Profiles 103
11.1 PayPal Holdings, Inc. 103
11.1.1 Key Facts 103
11.1.2 Business Description 103
11.1.3 Financial Overview 104
11.1.4 SWOT Analysis 105
11.1.5 Key Developments 105
11.2 Amazon Payments, Inc. 107
11.2.1 Key Facts 107
11.2.2 Business Description 107
11.2.3 Financial Overview 108
11.2.4 SWOT Analysis 108
11.2.5 Key Developments 109
11.3 Secure Trading Limited 110
11.3.1 Key Facts 110
11.3.2 Business Description 110
11.3.3 Financial Overview 111
11.3.4 SWOT Analysis 111
11.3.5 Key Developments 112
11.4 Cardstream Limited 113
11.4.1 Key Facts 113
11.4.2 Business Description 113
11.4.3 Financial Overview 113
11.4.4 SWOT Analysis 114
11.4.5 Key Developments 115
11.5 CCBill, LLC 116
11.5.1 Key Facts 116
11.5.2 Business Description 116
11.5.3 Financial Overview 116
11.5.4 SWOT Analysis 117
11.5.5 Key Developments 118
11.6 BitPay, Inc. 119
11.6.1 Key Facts 119
11.6.2 Business Description 119
11.6.3 Financial Overview 120
11.6.4 SWOT Analysis 120
11.6.5 Key Developments 120
11.7 GoCardless Ltd. 121
11.7.1 Key Facts 121
11.7.2 Business Description 121
11.7.3 Financial Overview 122
11.7.4 SWOT Analysis 122
11.7.5 Key Developments 123
11.8 Stripe Inc. 124
11.8.1 Key Facts 124
11.8.2 Business Description 124
11.8.3 Financial Overview 125
11.8.4 SWOT Analysis 125
11.8.5 Key Developments 125
11.9 Due Inc. 126
11.9.1 Key Facts 126
11.9.2 Business Description 126
11.9.3 Financial Overview 127
11.9.4 SWOT Analysis 127
11.9.5 Key Developments 127
11.10 Merchant Warrior 128
11.10.1 Key Facts 128
11.10.2 Business Description 128
11.10.3 Financial Overview 128
11.10.4 SWOT Analysis 129
11.10.5 Key Developments 129
11.11 Authorize.Net. 130
11.11.1 Key Facts 130
11.11.2 Business Description 130
11.11.3 Financial Overview 131
11.11.4 SWOT Analysis 132
11.11.5 Key Developments 132
11.12 WePay Inc. 133
11.12.1 Key Facts 133
11.12.2 Business Description 133
11.12.3 Financial Overview 134
11.12.4 SWOT Analysis 134
11.12.5 Key Developments 135
12 Appendix 136
12.1 About The Insight Partners 136
12.2 Glossary of Terms 137
12.3 Methodology 139
12.3.1 Secondary Research 139
12.3.2 Coverage 139
12.3.3 Primary Research 140
12.4 Contact Us 141
12.5 Disclaimer 141
1.1 List of Tables
Table 1: Global Payment Gateway Market Revenue and Forecasts to 2025 (US$ Bn) 41
Table 2: North America Payment Gateway Market Revenue and Forecasts to 2025 - By Type (US$ Mn) 58
Table 3: North America Payment Gateway Market Revenue and Forecasts to 2025 - By Organization Size (US$ Mn) 60
Table 4: Europe Payment Gateway Market Revenue and Forecasts to 2025 - By Type (US$ Mn) 70
Table 5: Europe Payment Gateway Market Revenue and Forecasts to 2025 - By Organization Size (US$ Mn) 71
Table 6: Asia Pacific Payment Gateway Market Revenue and Forecasts to 2025 - By Type (US$ Mn) 79
Table 7: Asia Pacific Payment Gateway Market Revenue and Forecasts to 2025 - By Organization Size US$ Mn) 80
Table 8: Middle East & Africa Payment Gateway Market Revenue and Forecasts to 2025 - By Type (US$ Mn) 88
Table 9: Middle East & Africa Payment Gateway Market Revenue and Forecasts to 2025 - By End-user (US$ Mn) 89
Table 10: South America Payment Gateway Market Revenue and Forecasts to 2025 - By Type (US$ Mn) 95
Table 11: South America Payment Gateway Market Revenue and Forecasts to 2025 - By Organization Size (US$ Mn) 96
Table 12: Glossary of Terms, Payment Gateway Market 137
1.2 List of Figures
Figure 1: Payment Gateway, Global Revenue (US$ Mn), 2016 & 2025 15
Figure 2: Global Payment Gateway Market Breakdown By Organization Size, 2016 & 2025 (%) 16
Figure 3: APAC Payment Gateway Market, Global Revenue (US$ Mn), 2016 & 2025 17
Figure 4: Payment Gateway Market Segmentation 19
Figure 5: Payment Gateway Market Segmentation 20
Figure 6: North America PEST Analysis 23
Figure 7: Europe PEST Analysis 25
Figure 8: APAC PEST Analysis 27
Figure 9: MEA PEST Analysis 29
Figure 10: SAM PEST Analysis 32
Figure 11: Global Ecommerce Transaction by Payment Methods, 2016 and 2021 - 34
Figure 12: Global Payment Gateway Market Increase in Revenue Opportunity, 2017 - 2025 36
Figure 13: Payment Gateway Market Impact Analysis of Driver and Restraints 39
Figure 14: Global Payment Gateway Market Forecast and Analysis to 2025 (US$ Bn) 42
Figure 15: Global Payment Gateways Market Breakdown By Type, 2016 & 2025 (%) 43
Figure 16: Hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 44
Figure 17: Non-hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 46
Figure 18: Direct Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 47
Figure 19: Platform Based Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 48
Figure 20: Global Payment Gateway Market Breakdown By Organization Size, 2016 & 2025 (%) 49
Figure 21: Global Small & Medium Enterprises Market Revenue and Forecasts to 2025 (US$ Mn) 50
Figure 22: Global Large Enterprises Market Revenue and Forecasts to 2025 (US$ Mn) 51
Figure 23: Payment Gateway Market, Global Breakdown by Regions, 2016 & 2025 (%) 52
Figure 24: North America Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 53
Figure 25: North America Payment Gateway Market Breakdown by Key Countries, 2016 & 2025 (%) 54
Figure 26: US Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 55
Figure 27: Canada Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 56
Figure 28: Mexico Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 57
Figure 29: North America Payment Gateway Market Breakdown by Type, 2016 & 2025 (%) 58
Figure 30: North America Payment Gateway Market Breakdown by Organization Size, 2016 & 2025 (%) 59
Figure 31: Europe Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 61
Figure 32: Europe Payment Gateway Market Breakdown by Key Countries, 2016 & 2025 (%) 62
Figure 33: France Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 63
Figure 34: Germany Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 64
Figure 35: Italy Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 65
Figure 36: Spain Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 66
Figure 37: UK Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 67
Figure 38: Rest of Europe Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 68
Figure 39: Europe Payment Gateway Market Breakdown by Type, 2016 & 2025 (%) 69
Figure 40: Europe Payment Gateway Market Breakdown by Organization Size, 2016 & 2025 (%) 70
Figure 41: Asia Pacific Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 72
Figure 42: Asia Pacific Payment Gateway Market Breakdown by Key Countries, 2016 & 2025 (%) 72
Figure 43: China Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 73
Figure 44: India Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 74
Figure 45: Japan Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 75
Figure 46: Australia Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 76
Figure 47: Rest of APAC Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 77
Figure 48: Asia Pacific Payment Gateway Market Breakdown by Type, 2016 & 2025 (%) 78
Figure 49: Asia Pacific Payment Gateway Market Breakdown by System Type, 2016 & 2025 (%) 79
Figure 50: Middle East & Africa Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 81
Figure 51: Middle East & Africa Payment Gateway Market Breakdown by Key Countries, 2016 & 2025 (%) 82
Figure 52: Saudi Arabia Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 83
Figure 53: UAE Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 84
Figure 54: South Africa Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 85
Figure 55: Rest of MEA Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 86
Figure 56: Middle East & Africa Payment Gateway Market Breakdown by Type, 2016 & 2025 (%) 87
Figure 57: Middle East & Africa Payment Gateway Market Breakdown by organization size, 2016 & 2025 (%) 88
Figure 58: South America Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 89
Figure 59: South America Payment Gateway Market Breakdown by Key Countries, 2016 & 2025 (%) 90
Figure 60: Brazil Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 91
Figure 61: South America Payment Gateway Market Breakdown by Type, 2016 & 2025 (%) 92
Figure 62: South America Payment Gateway Market Breakdown by Organization Size, 2016 & 2025 (%) 93
Figure 62: Payment Gateway Market Competitive Product Mapping 97
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