World Payment Gateways Market to Grow at 9% CAGR through 2022, Predicts IMARC Group in Its Cutting-Edge Study Available at MarketPublishers.com23 Jan 2018 • by Natalie Aster
LONDON – Nowadays, payment gateways enjoy increasing popularity globally, as they provide the customers with an ability to make purchases at any time of the day without the inconvenience of waiting in long queues.
Today, many companies are restructuring their businesses and changing their revenue strategies in the wake of moving towards a digital approach; this is also expected to give an impetus to the payment gateways market growth in the near future. The constantly rising usage of mobile wallets, offering a convenient way for consumers to make in-store payments, performs as an important driver, too. Moreover, a rising number of customers are using various mobile devices to make online reservations and payments, this also fuels the demand for payment gateways. Furthermore, different banks are entering into collaborations with retail vendors to provide lucrative cashback offers and, thus, to retain the attention of the existing customers as well as attract new ones.
In the year 2016, the world’s market for payment gateways reached nearly USD 10 billion in value terms. Through to 2022, this market is anticipated to grow at a 9% CAGR to amount to the value of appr. USD 18 billion.
The cutting-edge IMARC Group’s research publication “Payment Gateways Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” provides a profound study of the payments gateways market at the global as well as regional scales. It includes a comprehensive analysis of the market segmentation with vital data on size, shares and growth rates. Besides, this research study grants access to reliable, updated data on the market dynamics, major growth impacting factors, structure, competitive landscape and value chain. This report identifies and discusses top market trends and emerging growth restraints and opportunities, profiles the leading market participants (Worldpay Group, Adyen, Wirecard, PayPal, Allied Wallet). It includes Porter’s five forces analysis, SWOT analysis, a snapshot of the recent developments and an all-round future outlook with detailed forecasts through to 2022.
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