In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Online Payment Gateway market for 2018-2023.
This report studies the Online Payment Gateway market, Online payment gateways are the merchant service which assists in carrying out a smooth transaction at the time of online shopping. The transaction is carried out by processing credit card, debit cards and direct payment process for various online business such as e- retailers, online websites. The payment gateways services can be provided by any financial service provider of by any commercialized bank.
Online payment gateway enables transfer of information between front end processor, for instance, bank and payment portal such as website and mobile apps. The payment gateways ensure proper transaction with considering all aspect to facilitate the safe and secure transaction.
An online payment gateway is a system connecting the merchant and the bank to facilitate online transactions. The term particularly refers to the server that transfers the customers credit card information to the Internet Merchant Account for assessment.
Online payment gateways have wide range of applications, such as Micro and Small Enterprise, Large Enterprise, Mid- Sized Enterprise. And Micro and Small Enterprise was the most widely used area which took up about 61.09% of the global total in 2017.
China is the largest countries of online payment gateways in the world in the past few years and it will keep increasing in the next few years. China market took up about 18.97% the global market in 2017, while USA and Europe were about 15.86%, 15.72%.
Over the next five years, LPI(LP Information) projects that Online Payment Gateway will register a 16.9% CAGR in terms of revenue, reach US$ 4020 million by 2023, from US$ 1570 million in 2017.
This report presents a comprehensive overview, market shares and growth opportunities of Online Payment Gateway market by product type, application, key companies and key regions.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Pro/Self-Hosted Payment Gateways
Local Bank Integrates
Segmentation by application:
Micro and Small Enterprise
Mid- Sized Enterprise
We can also provide the customized separate regional or country-level reports, for the following regions:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Online Payment Gateway market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Online Payment Gateway market by identifying its various subsegments.
Focuses on the key global Online Payment Gateway players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Online Payment Gateway with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Online Payment Gateway submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.