Payment Gateway Market to 2025 - India 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)
- THE3206772
- 96 Pages
- March 2018
- ICT & Media
Key trend which will predominantly effect the market in coming year is integration of biometric authentication across payment gateway solutions. At present, the companies demand customers to prove their identity through signatures, PINS, OTP and other passwords, but biometric authentication will enable consumers to prove their purchase intention in the most natural way possible. Current methods of biometric authentication include fingerprint scans, voice sans, heartbeat beat recognition, facial recognition, palm vein scan and ear prints. Along with this merchants handling large volume transactions are expected for develop their own payment gateway solutions.
Payment gateway market by type market is segmented into hosted, non-hosted, direct and platform based. Hosted payment gateway segment dominates the market due to merchants seeking for quick installation of payment gateway solution on their website. By organization size the market is further segmented into SMEs (Small and Medium Enterprises) and large enterprises. Large enterprises account for majority market share due to the high transaction volume and value due to which contribute major revenue share of payment gateway aggregators in India.
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 interview were 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.
1.1 List of Tables 7
1.2 List of Figures 8
2 Introduction 9
2.1 Scope of the Study 9
2.2 The Insight Partners Research Report Guidance 9
3 Key Takeaways 11
4 Payment Gateway Market Landscape 14
4.1 Market Overview 14
4.2 Market Segmentation 15
4.2.1 India Payment Gateway Market - By Type 16
4.2.2 India Payment Gateway Market - By Organization Size 16
4.3 PEST Analysis 17
4.3.1 India PEST Analysis 17
4.4 Value Chain Analysis 20
5 India Payment Gateway Market - Key Industry Dynamics 21
5.1 Key Market Drivers 21
5.1.1 Increasing number of transaction on ecommerce platform via digital payment methods including Credit Card, Debit Card and E-Wallets 21
5.1.2 Lowering entry barriers in the payment service market together with technological advancement will create favorable environment for payment gateway market 22
5.2 Key Market Restraints 22
5.2.1 Cash based transactions are inhibiting the growth of the market 22
5.3 Key Market Opporunities 23
5.3.1 Increase in ecommerce transaction value, rise in the number of e-commerce startups and shifting trend towards digital payments 23
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 India Payment Gateway Market 24
5.4 Future Trends 25
5.4.1 Integration of biometric authentication across Payment Gateway solutions 25
5.4.2 Merchants handling large volume transactions are expected for develop their own payment gateway solutions 26
5.5 Impact Analysis of Drivers and Restraints 27
6 India Payment Gateway Market 28
6.1 India Payment Gateway Market Overview 28
6.2 India Payment Gateway Market Forecast and Analysis 28
7 India Payment Gateway Market Analysis - By Type 30
7.1 Overview 30
7.2 Hosted Payment Gateway Market 31
7.2.1 Overview 31
7.2.2 India Hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 31
7.3 Non-hosted Payment Gateway 32
7.3.1 Overview 32
7.3.2 Non-hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 32
7.4 Direct Payment Gateway Market 33
7.4.1 Overview 33
7.4.2 Direct Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 33
7.5 Platform Based Payment Gateway 35
7.5.1 Overview 35
7.5.2 Platform Based Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 35
8 India Payment Gateway Market Analysis - By Organization Size 36
8.1 Overview 36
8.2 Small & Medium Enterprise 37
8.2.1 Overview 37
8.2.2 India Small & Medium Enterprise Market Revenue and Forecasts to 2025 (US$ Mn) 37
8.3 Large Enterprise 38
8.3.1 Overview 38
8.3.2 India Large Enterprises Market Revenue and Forecasts to 2025 (US$ Mn) 38
9 Market Entry Strategy - India Payment Gateway Market 40
9.1 How Market entrant should start and mark their presence in India - 40
9.1.1 Develop suitable solution targeting SME 40
10 Industry Landscape 42
10.1 Market Initative 42
10.2 New Development 42
10.3 Market Positioning 44
11 India Payment Gateway Market - Key Company Profiles 45
11.1 Razorpay Software Pvt. Ltd. 45
11.1.1 Key Facts 45
11.1.2 Business Description 45
11.1.1 Product and Services 46
11.1.2 Financial Overview 46
11.1.3 SWOT Analysis 47
11.1.4 Key Developments 47
11.2 PayPal India Pvt. Ltd. 49
11.2.1 Key Facts 49
11.2.2 Business Description 49
11.2.3 Product and Services 50
11.2.4 Financial Overview 50
11.2.5 SWOT Analysis 51
11.2.6 Key Developments 51
11.3 PayU Payments Pvt. Ltd. 52
11.3.1 Key Facts 52
11.3.2 Business Description 52
11.3.3 Product and Services 53
11.3.4 Financial Overview 53
11.3.5 SWOT Analysis 53
11.3.6 Key Developments 54
11.4 BillDesk 55
11.4.1 Key Facts 55
11.4.2 Business Description 55
11.4.3 Product and Services 55
11.4.4 Financial Overview 55
11.4.5 SWOT Analysis 56
11.4.6 Key Developments 56
11.5 CCAvenue 57
11.5.1 Key Facts 57
11.5.2 Business Description 57
11.5.3 Product and Services 57
11.5.4 Financial Overview 58
11.5.5 SWOT Analysis 59
11.5.6 Key Developments 59
11.6 E-Billing Solutions Pvt. Ltd. (EBS) 61
11.6.1 Key Facts 61
11.6.2 Business Description 61
11.6.3 Product and Services 61
11.6.4 Financial Overview 62
11.6.5 SWOT Analysis 63
11.6.6 Key Developments 63
11.7 Instamojo Technologies Pvt. Ltd. 64
11.7.1 Key Facts 64
11.7.2 Business Description 64
11.7.3 Product and Services 65
11.7.4 Financial Overview 65
11.7.5 SWOT Analysis 65
11.7.6 Key Developments 66
11.8 One Mobikwik Systems Pvt. Ltd. 67
11.8.1 Key Facts 67
11.8.2 Business Description 67
11.8.3 Product and Services 68
11.8.4 Financial Overview 68
11.8.5 SWOT Analysis 69
11.8.6 Key Developments 69
11.9 TimesofMoney Ltd. 70
11.9.1 Key Facts 70
11.9.2 Business Description 70
11.9.3 Product and Services 71
11.9.4 Financial Overview 71
11.9.5 SWOT Analysis 71
11.9.6 Key Developments 72
11.10 Cybersource Corporation 73
11.10.1 Key Facts 73
11.10.2 Business Description 73
11.10.3 Product and Services 74
11.10.4 Financial Overview 74
11.10.5 SWOT Analysis 74
11.10.6 Key Developments 75
11.11 HDFC Ltd. 76
11.11.1 Key Facts 76
11.11.2 Business Description 76
11.11.3 Product and Services 76
11.11.4 Financial Overview 77
11.11.5 SWOT Analysis 77
11.11.6 Key Developments 78
11.12 Oxigen Services (India) Pvt. Ltd. 79
11.12.1 Key Facts 79
11.12.2 Business Description 79
11.12.3 Product and Services 80
11.12.4 Financial Overview 80
11.12.5 SWOT Analysis 81
11.12.6 Key Developments 82
12 Appendix 83
12.1 About The Insight Partners 83
12.2 Glossary of Terms 84
12.3 Methodology 86
12.3.1 Secondary Research 86
12.3.2 Coverage 86
12.3.3 Primary Research 87
12.4 Contact Us 88
12.5 Disclaimer 88
1.1 List of Tables
Table 1: India Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 29
Table 2: Glossary of Terms, Payment Gateway Market 84
1.2 List of Figures
Figure 1: Payment Gateway, Global Revenue (US$ Mn), 2016 & 2025 11
Figure 2: Global Payment Gateway Market Breakdown By Organization Size, 2016 & 2025 (%) 12
Figure 3: APAC Payment Gateway Market, Global Revenue (US$ Mn), 2016 & 2025 13
Figure 4: India Payment Gateway Market Segmentation 15
Figure 5: India PEST Analysis 17
Figure 6: India PEST Analysis 20
Figure 7: India Ecommerce Transaction by Payment Methods, 2017 21
Figure 8: India Payment Gateway Market Increase in Revenue Opportunity, 2017 - 2025 24
Figure 9: India Payment Gateway Market Impact Analysis of Driver and Restraints 27
Figure 10: India Payment Gateway Market Forecast and Analysis to 2025 (US$ Mn) 29
Figure 11: India Payment Gateways Market Breakdown By Type, 2017 & 2025 (%) 30
Figure 12: Hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 32
Figure 13: Non-hosted Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 33
Figure 14: Direct Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 34
Figure 15: Platform Based Payment Gateway Market Revenue and Forecasts to 2025 (US$ Mn) 35
Figure 16: India Payment Gateway Market Breakdown By Organization Size, 2017 & 2025 (%) 36
Figure 17: India Small & Medium Enterprises Market Revenue and Forecasts to 2025 (US$ Mn) 38
Figure 18: India Large Enterprises Market Revenue and Forecasts to 2025 (US$ Mn) 39
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