Payment Gateway Market by Type (Hosted, Self-hosted), Vertical (Retail & E-commerce, BFSI, Telecom, Healthcare, Media & Entertainment, Travel & Hospitality, IT & ITeS) and Region - Global Forecast to 2029
The payment gateway market is estimated at USD 26.7 billion in 2024 to USD 48.4 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 12.6%. Blockchain technology holds immense potential to revolutionize payment processing by offering a secure, decentralized, and transparent ledger system. Payment gateways that explore blockchain integration can position themselves for future advancements in the industry. By leveraging blockchain technology, payment gateways can streamline transaction processes, reduce fees, and enhance security through cryptographic protocols and distributed consensus mechanisms. Additionally, blockchain-based payment solutions offer greater transparency, enabling real-time tracking of transactions and providing an immutable record of payment history. This transparency not only enhances trust between merchants and consumers but also mitigates the risk of fraud and disputes. Furthermore, blockchain technology enables cross-border payments to be executed more efficiently, eliminating the need for intermediaries and reducing transaction times and costs. As the adoption of blockchain technology continues to grow, payment gateways that embrace blockchain integration stand to benefit from greater efficiency, security, and innovation in payment processing, positioning themselves as leaders in the evolving fintech landscape.
“The other payment gateway types segment is expected to hold the second largest market size during the forecast period.” Integrating with local banks presents a significant opportunity for payment gateways to leverage existing security protocols and fraud prevention measures implemented by these institutions. By aligning with the security infrastructure of trusted local banks, payment gateways can enhance the overall security and reliability of their payment processing services. This integration not only helps to mitigate the risk of fraud but also builds trust with customers who may be hesitant to use unfamiliar payment methods or platforms. Customers often place a high value on the security measures implemented by their banks, and by partnering with these institutions, payment gateways can reassure customers that their financial transactions are conducted in a secure environment. Moreover, integrating with local banks allows payment gateways to offer a wider range of payment options, including bank transfers and direct debits, catering to the preferences of customers who prefer traditional banking methods. Overall, this collaboration between payment gateways and local banks not only enhances security but also fosters customer trust and satisfaction, driving greater adoption and usage of digital payment solutions.
“The media & entertainment segment to register the fastest growth rate during the forecast period.” In-game virtual currencies have become a staple of modern gaming, serving as a means for players to make microtransactions for various in-game items, enhancements, or additional content. Payment gateways play a crucial role in facilitating these transactions by integrating with the systems managing these virtual currencies. By doing so, users can securely purchase these virtual currencies with real money, enhancing their gaming experience without the need for cumbersome payment processes. This integration not only streamlines the purchasing process for gamers but also ensures the security and reliability of transactions, instilling confidence in users as they engage in microtransactions within the gaming ecosystem. Furthermore, by enabling seamless integration with in-game virtual currency systems, payment gateways contribute to the monetization strategies of game developers, allowing them to leverage microtransactions as a lucrative revenue stream. As the gaming industry continues to evolve and embrace digital economies, payment gateways that facilitate the seamless exchange between real money and in-game virtual currencies are poised to play an increasingly vital role in shaping the future of gaming commerce.
“North America to hold second largest highest market size during the forecast period.”
North America stands out as a leader in the adoption of digital wallets, with widely embraced platforms such as Apple Pay, Google Pay, and regional players like Venmo gaining significant traction among consumers. Payment gateways that seamlessly integrate with these popular digital wallet options play a pivotal role in catering to consumer preferences and streamlining the checkout process. By offering compatibility with these widely used digital wallets, payment gateways provide customers with a convenient and familiar payment experience, allowing them to securely complete transactions with just a few taps or clicks. This integration not only enhances the overall convenience of the checkout process but also instills confidence in consumers, as they can rely on trusted digital wallet providers to safeguard their payment information. Moreover, by facilitating seamless integration with popular digital wallets, payment gateways enable merchants to capitalize on the widespread adoption of these platforms, driving higher conversion rates and fostering customer loyalty in the competitive North American market. As digital wallet usage continues to soar, payment gateways that prioritize integration with these popular options are well-positioned to meet the evolving needs of consumers and merchants alike, driving further growth and innovation in the payment ecosystem.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the payment gateway market.
Research Coverage
The market study covers the payment gateway market size across different segments. It aims at estimating the market size and the growth potential across different segments, including By type ( hosted, self-hosted, other types) vertical (BFSI, retail & ecommerce, telecom, healthcare, media and entertainment, travel and hospitality, it & ites, other verticals)and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the global payment gateway market’s revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
1. Analysis of key drivers ( Rapid growth in eCommerce, Mobile payment Adoption, globalization of business transactions ), restraints (Regulatory Compliance, dependency on Banking Infrastructure, ), opportunities (Blockchain and cryptocurrency Integration, Value-Added Services), and challenges (Customer trust and data privacy, changing consumer behavior) influencing the growth of the payment gateway market.
2. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the payment gateway market.
3. Market Development: Comprehensive information about lucrative markets – the report analyses the payment gateway market across various regions.
4. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the payment gateway market.
5. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading include JP Morgan (US), Paypal (US), Amazon (US), Visa (US), Mastercard (US), PhonPe (India), Razorpay (India), Alibaba (China), Stripe (Ireland), Adyen (Netherlands), Block, Inc (US), FIS (US), Global Payments (US), Apple (US), Fiserv (US), Verifone (US), Paysafe (UK), Fidelity payments (US), Easebuzz (India), Bluesnap (US), Windcave (US), Helcim (US), Instamojo (India), Infibeam Avenue (US), NOWPayments (Netherlands), CoinGate (Lithuania), Ippopay (India), PayJunction (US), Lyra Network (US).
“The other payment gateway types segment is expected to hold the second largest market size during the forecast period.” Integrating with local banks presents a significant opportunity for payment gateways to leverage existing security protocols and fraud prevention measures implemented by these institutions. By aligning with the security infrastructure of trusted local banks, payment gateways can enhance the overall security and reliability of their payment processing services. This integration not only helps to mitigate the risk of fraud but also builds trust with customers who may be hesitant to use unfamiliar payment methods or platforms. Customers often place a high value on the security measures implemented by their banks, and by partnering with these institutions, payment gateways can reassure customers that their financial transactions are conducted in a secure environment. Moreover, integrating with local banks allows payment gateways to offer a wider range of payment options, including bank transfers and direct debits, catering to the preferences of customers who prefer traditional banking methods. Overall, this collaboration between payment gateways and local banks not only enhances security but also fosters customer trust and satisfaction, driving greater adoption and usage of digital payment solutions.
“The media & entertainment segment to register the fastest growth rate during the forecast period.” In-game virtual currencies have become a staple of modern gaming, serving as a means for players to make microtransactions for various in-game items, enhancements, or additional content. Payment gateways play a crucial role in facilitating these transactions by integrating with the systems managing these virtual currencies. By doing so, users can securely purchase these virtual currencies with real money, enhancing their gaming experience without the need for cumbersome payment processes. This integration not only streamlines the purchasing process for gamers but also ensures the security and reliability of transactions, instilling confidence in users as they engage in microtransactions within the gaming ecosystem. Furthermore, by enabling seamless integration with in-game virtual currency systems, payment gateways contribute to the monetization strategies of game developers, allowing them to leverage microtransactions as a lucrative revenue stream. As the gaming industry continues to evolve and embrace digital economies, payment gateways that facilitate the seamless exchange between real money and in-game virtual currencies are poised to play an increasingly vital role in shaping the future of gaming commerce.
“North America to hold second largest highest market size during the forecast period.”
North America stands out as a leader in the adoption of digital wallets, with widely embraced platforms such as Apple Pay, Google Pay, and regional players like Venmo gaining significant traction among consumers. Payment gateways that seamlessly integrate with these popular digital wallet options play a pivotal role in catering to consumer preferences and streamlining the checkout process. By offering compatibility with these widely used digital wallets, payment gateways provide customers with a convenient and familiar payment experience, allowing them to securely complete transactions with just a few taps or clicks. This integration not only enhances the overall convenience of the checkout process but also instills confidence in consumers, as they can rely on trusted digital wallet providers to safeguard their payment information. Moreover, by facilitating seamless integration with popular digital wallets, payment gateways enable merchants to capitalize on the widespread adoption of these platforms, driving higher conversion rates and fostering customer loyalty in the competitive North American market. As digital wallet usage continues to soar, payment gateways that prioritize integration with these popular options are well-positioned to meet the evolving needs of consumers and merchants alike, driving further growth and innovation in the payment ecosystem.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the payment gateway market.
- By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
- By Designation: C-level –35%, D-level – 25%, and Others – 40%
- By Region: North America – 30%, Europe – 30%, Asia Pacific – 25%, Latin America- 5%, and Middle East & Africa – 10%,
Research Coverage
The market study covers the payment gateway market size across different segments. It aims at estimating the market size and the growth potential across different segments, including By type ( hosted, self-hosted, other types) vertical (BFSI, retail & ecommerce, telecom, healthcare, media and entertainment, travel and hospitality, it & ites, other verticals)and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the global payment gateway market’s revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market’s pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
1. Analysis of key drivers ( Rapid growth in eCommerce, Mobile payment Adoption, globalization of business transactions ), restraints (Regulatory Compliance, dependency on Banking Infrastructure, ), opportunities (Blockchain and cryptocurrency Integration, Value-Added Services), and challenges (Customer trust and data privacy, changing consumer behavior) influencing the growth of the payment gateway market.
2. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the payment gateway market.
3. Market Development: Comprehensive information about lucrative markets – the report analyses the payment gateway market across various regions.
4. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the payment gateway market.
5. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading include JP Morgan (US), Paypal (US), Amazon (US), Visa (US), Mastercard (US), PhonPe (India), Razorpay (India), Alibaba (China), Stripe (Ireland), Adyen (Netherlands), Block, Inc (US), FIS (US), Global Payments (US), Apple (US), Fiserv (US), Verifone (US), Paysafe (UK), Fidelity payments (US), Easebuzz (India), Bluesnap (US), Windcave (US), Helcim (US), Instamojo (India), Infibeam Avenue (US), NOWPayments (Netherlands), CoinGate (Lithuania), Ippopay (India), PayJunction (US), Lyra Network (US).
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 INCLUSIONS & EXCLUSIONS
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2021–2023
1.5 STAKEHOLDERS
1.6 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 PAYMENT GATEWAY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Breakdown of primary profiles
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION
2.1.2.3 Key insights from industry experts
2.2 MARKET SIZE ESTIMATION
FIGURE 3 PAYMENT GATEWAY MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
2.2.1 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): REVENUE OF VENDORS IN PAYMENT GATEWAY MARKET
2.2.2 BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 (DEMAND SIDE): PAYMENT GATEWAY MARKET
FIGURE 6 MARKET SIZE ESTIMATION USING BOTTOM-UP APPROACH
2.3 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION AND MARKET BREAKUP
2.4 RISK ASSESSMENT
TABLE 2 RISK ASSESSMENT
2.5 RESEARCH ASSUMPTIONS
TABLE 3 RESEARCH ASSUMPTIONS
2.6 LIMITATIONS
2.7 IMPLICATION OF RECESSION ON PAYMENT GATEWAY MARKET
3 EXECUTIVE SUMMARY
FIGURE 8 PAYMENT GATEWAY MARKET TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
FIGURE 9 PAYMENT GATEWAY MARKET: REGIONAL SNAPSHOT
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PAYMENT GATEWAY MARKET
FIGURE 10 RAPID DIGITAL TRANSFORMATION IN DEVELOPING ECONOMIES TO DRIVE MARKET
4.2 PAYMENT GATEWAY MARKET: TOP GROWING SEGMENTS
FIGURE 11 TOP GROWING SEGMENTS IN 2024
4.3 PAYMENT GATEWAY MARKET, BY TYPE
FIGURE 12 HOSTED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.4 PAYMENT GATEWAY MARKET, BY VERTICAL
FIGURE 13 RETAIL & E-COMMERCE TO HOLD LARGEST MARKET DURING FORECAST PERIOD
4.5 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY OFFERING AND VERTICAL
FIGURE 14 HOSTED SEGMENT AND RETAIL & E-COMMERCE ESTIMATED TO HOLD LARGEST MARKET SHARES IN 2024
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 PAYMENT GATEWAY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rapid Growth in E-commerce
5.2.1.2 Mobile Payment Adoption
FIGURE 16 RISING VOLUME OF UPI PAYMENTS, 2016 TO 2023 (MILLION)
5.2.1.3 Globalization of Business Transactions
5.2.2 RESTRAINTS
5.2.2.1 Regulatory Compliance
5.2.2.2 Dependency on Banking Infrastructure
5.2.3 OPPORTUNITIES
5.2.3.1 Blockchain and Cryptocurrency Integration
5.2.3.2 Value-added Services
5.2.4 CHALLENGES
5.2.4.1 Customer Trust and Data Privacy
5.2.4.2 Changing Consumer Behavior
5.3 BRIEF HISTORY OF PAYMENT GATEWAY TECHNOLOGY
FIGURE 17 BRIEF HISTORY OF PAYMENT GATEWAY TECHNOLOGY
5.3.1 1960–1990
5.3.2 1990–2000
5.3.3 2000–2010
5.3.4 2010–2020
5.3.5 202O–PRESENT
5.4 ECOSYSTEM/MARKET MAP
FIGURE 18 KEY PLAYERS IN PAYMENT GATEWAY MARKET ECOSYSTEM
TABLE 4 PAYMENT GATEWAY MARKET: ECOSYSTEM
5.5 PAYMENT GATEWAY INVESTMENT LANDSCAPE
5.6 CASE STUDY ANALYSIS
5.6.1 CASE STUDY 1: RAZORPAY OPTIMIZER HELPED CRAFT FABINDIA’S PAYMENTS SUCCESS STORY
5.6.2 CASE STUDY 2: SRI BALAJI UNIVERSITY REDUCED 90% OF RECONCILIATION EFFORTS USING FEESBUZZ AND FORMS
5.6.3 CASE STUDY 3: PAN HOME COLLABORATED WITH AMAZON PAYMENT SERVICES TO TRANSFORM CUSTOMER EXPERIENCE
5.6.4 CASE STUDY 4: COINGATE EMPOWERED BACLOUD WITH CRYPTOCURRENCY PAYMENT SOLUTIONS
5.6.5 CASE STUDY 5: STRIPE HELPED INCREASE TWILIO'S 10% AUTHORIZATION RATE
5.6.6 CASE STUDY 6: NAMELY STREAMLINED PAYMENTS AND BOOSTED EFFICIENCY WITH BLUESNAP INTEGRATION
5.7 VALUE CHAIN ANALYSIS
FIGURE 19 PAYMENT GATEWAY MARKET: VALUE CHAIN ANALYSIS
5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.8 NORTH AMERICA
5.8.1 US
5.8.2 CANADA
5.9 EUROPE
5.9.1 GERMANY
5.9.2 UK
5.10 ASIA PACIFIC
5.10.1 CHINA
5.10.2 INDIA
5.10.3 JAPAN
5.11 REST OF THE WORLD
5.11.1 QATAR
5.11.2 MEXICO
5.12 PATENT ANALYSIS
FIGURE 20 LIST OF MAJOR PATENTS FOR PAYMENT GATEWAY
5.12.1 LIST OF MAJOR PATENTS
5.13 PRICING ANALYSIS
5.13.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BILLING CYCLE
FIGURE 21 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BILLING CYCLE
TABLE 9 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PAYMENT TYPE (USD)
5.13.2 INDICATIVE PRICING ANALYSIS OF KEY PLAYERS, BY FEATURE
TABLE 10 INDICATIVE PRICING ANALYSIS OF PAYMENT GATEWAYS, BY FEATURE (USD)
5.14 PORTER’S FIVE FORCES ANALYSIS
TABLE 11 PAYMENT GATEWAY MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 22 PORTER’S FIVE FORCES ANALYSIS: PAYMENT GATEWAY MARKET
5.14.1 THREAT OF NEW ENTRANTS
5.14.2 THREAT OF SUBSTITUTES
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 BARGAINING POWER OF SUPPLIERS
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 23 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.16 KEY STAKEHOLDERS & BUYING CRITERIA
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS (%)
5.16.2 BUYING CRITERIA
FIGURE 25 KEY BUYING CRITERIA FOR TOP THREE END USERS
TABLE 13 KEY BUYING CRITERIA FOR TOP END USERS
5.17 KEY CONFERENCES & EVENTS IN 2024
TABLE 14 PAYMENT GATEWAY MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024
5.18 TECHNOLOGY ANALYSIS
5.18.1 KEY TECHNOLOGIES
5.18.1.1 Encryption and Tokenization
5.18.1.2 Artificial Intelligence
5.18.1.3 Contactless Payments
5.18.2 ADJACENT TECHNOLOGIES
5.18.2.1 Biometric Authentication
5.18.2.2 IoT
5.18.2.3 Blockchain
5.18.3 COMPLEMENTARY TECHNOLOGIES
5.18.3.1 5G Technology
5.18.3.2 Voice Recognition Technology
5.19 BEST PRACTICES IN PAYMENT GATEWAY MARKET
5.19.1 SECURITY COMPLIANCE
5.19.2 FRAUD PREVENTION
5.19.3 RELIABILITY AND UPTIME
5.19.4 USER-FRIENDLY INTERFACE
5.19.5 FAST TRANSACTION PROCESSING
5.19.6 SCALABILITY
5.19.7 TRANSPARENT PRICING
5.19.8 GLOBAL PAYMENT SUPPORT
5.19.9 ROBUST API DOCUMENTATION
5.19.10 CUSTOMER SUPPORT
5.19.11 REGULAR UPDATES AND INNOVATION
5.19.12 COMPLIANCE WITH REGULATORY STANDARDS
5.20 CURRENT AND EMERGING BUSINESS MODELS
5.20.1 TRANSACTION-BASED MODEL
5.20.2 SUBSCRIPTION-BASED MODELS
5.20.3 VALUE-ADDED SERVICES MODEL
5.20.4 API-FIRST APPROACH
5.20.5 INTEGRATED SERVICE MODELS
5.20.6 CROSS-BORDER PAYMENT SOLUTIONS
5.20.7 CONTACTLESS AND NFC PAYMENTS
5.20.8 EMBEDDED FINANCE
5.21 PAYMENT GATEWAY TOOLS, FRAMEWORKS, AND TECHNIQUES
5.22 FUTURE LANDSCAPE OF PAYMENT GATEWAY MARKET
5.22.1 SHORT-TERM ROADMAP (2023–2025)
5.22.2 MID-TERM ROADMAP (2025–2028)
5.22.3 LONG-TERM ROADMAP (2029–2030)
6 PAYMENT GATEWAY MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 26 HOSTED SEGMENT TO HOLD LARGEST MARKET SIZE DURING
FORECAST PERIOD
6.1.1 TYPE: PAYMENT GATEWAY MARKET DRIVERS
TABLE 15 PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 16 PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
6.2 HOSTED
6.2.1 OUTSOURCED PAYMENT PROCESSING TO SAVE COSTS AND DRIVE GROWTH
TABLE 17 HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 18 HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
6.3 SELF-HOSTED
6.3.1 CUSTOMIZED PAYMENT PROCESSING TO DRIVE GROWTH
TABLE 19 SELF-HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 20 SELF-HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
6.4 OTHER TYPES
TABLE 21 OTHER TYPES: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 22 OTHER TYPES: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7 PAYMENT GATEWAY MARKET, BY VERTICAL
7.1 INTRODUCTION
7.1.1 VERTICAL: PAYMENT GATEWAY MARKET DRIVERS
FIGURE 27 MEDIA & ENTERTAINMENT SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 23 PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 24 PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
7.2 BFSI
7.2.1 SECURE AND FASTER BANKING TRANSACTIONS TO DRIVE GROWTH
7.2.2 USE CASE
7.2.2.1 Secure online banking transactions
7.2.2.2 Credit card payments
TABLE 25 BFSI: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 26 BFSI: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.3 TELECOM
7.3.1 DIVERSE PAYMENT OPTIONS TO DRIVE MARKET GROWTH
7.3.2 USE CASE
7.3.2.1 Mobile recharge and top-ups
7.3.2.2 Value-added service purchases
TABLE 27 TELECOM: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 28 TELECOM: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.4 HEALTHCARE
7.4.1 ONLINE MEDICAL BILLING AND FASTER INSURANCE PROCESSING TO DRIVE GROWTH
7.4.2 USE CASE
7.4.2.1 Patient payments and co-payments
7.4.2.2 Medical bill payments
TABLE 29 HEALTHCARE: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 30 HEALTHCARE: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.5 MEDIA & ENTERTAINMENT
7.5.1 RECURRING SUBSCRIPTIONS AND GROWTH OF ONLINE PLATFORMS TO DRIVE GROWTH
7.5.2 USE CASE
7.5.2.1 Pay-per-view events
7.5.2.2 Digital content purchases
TABLE 31 MEDIA & ENTERTAINMENT: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 32 MEDIA & ENTERTAINMENT: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.6 TRAVEL & HOSPITALITY
7.6.1 EASE OF MULTICURRENCY TRANSACTIONS TO DRIVE GROWTH
7.6.2 USE CASE
7.6.2.1 Hotel booking payments
7.6.2.2 Flight reservations
TABLE 33 TRAVEL & HOSPITALITY: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 34 TRAVEL & HOSPITALITY: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.7 IT & ITES
7.7.1 ENHANCED SECURITY AND ENCRYPTION TO DRIVE GROWTH
7.7.2 USE CASE
7.7.2.1 Licensing and royalties
7.7.2.2 Training and certification programs
TABLE 35 IT & ITES: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 36 IT & ITES: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.8 RETAIL & E-COMMERCE
7.8.1 INCREASE IN GLOBAL E-COMMERCE SALES TO DRIVE GROWTH
7.8.2 USE CASE
7.8.2.1 Inventory management
7.8.2.2 Customizable checkout experience
TABLE 37 RETAIL & E-COMMERCE: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 38 RETAIL & E-COMMERCE: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.9 OTHER VERTICALS
7.9.1 USE CASE
7.9.1.1 Event registrations
7.9.1.2 Property sales
7.9.1.3 Toll payments
7.9.1.4 Catering services
TABLE 39 OTHER VERTICALS: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 40 OTHER VERTICALS: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
8 PAYMENT GATEWAY MARKET, BY REGION
8.1 INTRODUCTION
TABLE 41 PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 42 PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA: PAYMENT GATEWAY MARKET DRIVERS
8.2.2 NORTH AMERICA: RECESSION IMPACT
FIGURE 28 NORTH AMERICA: PAYMENT GATEWAY MARKET SNAPSHOT
TABLE 43 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 44 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 45 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 46 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 47 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
TABLE 48 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
8.2.3 US
8.2.3.1 Robust financial ecosystem and major players to drive market
TABLE 49 US: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 50 US: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 51 US: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 52 US: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.2.4 CANADA
8.2.4.1 Government initiatives and immense participation from private players to drive market growth
TABLE 53 CANADA: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 54 CANADA: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 55 CANADA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 56 CANADA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.3 EUROPE
8.3.1 EUROPE: PAYMENT GATEWAY MARKET DRIVERS
8.3.2 EUROPE: RECESSION IMPACT
TABLE 57 EUROPE: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 58 EUROPE: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 59 EUROPE: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 60 EUROPE: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 61 EUROPE: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
TABLE 62 EUROPE: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
8.3.3 GERMANY
8.3.3.1 Robust financial ecosystem to drive growth
8.3.4 UK
8.3.4.1 Government initiatives and availability of advanced connectivity to drive growth
TABLE 63 UK: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 64 UK: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 65 UK: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 66 UK: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.3.5 ITALY
8.3.5.1 Surge in digital payments and e-commerce sector to drive growth
8.3.6 FRANCE
8.3.6.1 Strategic investments and innovative solutions to fuel market growth
8.3.7 SPAIN
8.3.7.1 Government funding and major players to drive growth of market
8.3.8 REST OF EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC: PAYMENT GATEWAY MARKET DRIVERS
8.4.2 ASIA PACIFIC: RECESSION IMPACT
FIGURE 29 ASIA PACIFIC: PAYMENT GATEWAY MARKET SNAPSHOT
TABLE 67 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 68 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 69 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 70 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 71 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
TABLE 72 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
8.4.3 CHINA
8.4.3.1 Substantial investments and robust e-commerce ecosystem to drive market
TABLE 73 CHINA: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 74 CHINA: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 75 CHINA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 76 CHINA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.4.4 INDIA
8.4.4.1 Innovative digital payment solutions to drive growth
8.4.5 JAPAN
8.4.5.1 Initiatives such as Society 5.0 and digital payment industry to drive growth
8.4.6 AUSTRALIA & NEW ZEALAND
8.4.6.1 Government regulations and open banking initiatives to drive growth
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET DRIVERS
8.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
TABLE 77 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY REGION/COUNTRY, 2018–2023 (USD MILLION)
TABLE 78 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY REGION/COUNTRY, 2024–2029 (USD MILLION)
TABLE 79 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 80 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 81 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 82 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.5.3 GCC COUNTRIES
TABLE 83 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
TABLE 84 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 85 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 86 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 87 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 88 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.5.3.1 UAE
8.5.3.1.1 Increasing adoption of digital payments to drive growth
8.5.3.2 Kingdom of Saudi Arabia
8.5.3.2.1 Supportive regulatory frameworks for payment gateway market to drive growth
8.5.4 REST OF GCC COUNTRIES
8.5.5 SOUTH AFRICA
8.5.5.1 Innovations in digital payment solutions to drive growth
8.5.6 REST OF MIDDLE EAST & AFRICA
8.6 LATIN AMERICA
8.6.1 LATIN AMERICA: PAYMENT GATEWAY MARKET DRIVERS
8.6.2 LATIN AMERICA: RECESSION IMPACT
TABLE 89 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
TABLE 90 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 91 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 92 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 93 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 94 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.6.3 BRAZIL
8.6.3.1 Surging e-commerce sector in country to drive growth
TABLE 95 BRAZIL: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 96 BRAZIL: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 97 BRAZIL: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 98 BRAZIL: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.6.4 MEXICO
8.6.4.1 Diverse digital payment options to drive growth
8.6.5 REST OF LATIN AMERICA
9 COMPETITIVE LANDSCAPE
9.1 INTRODUCTION
9.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
9.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PAYMENT GATEWAY PROVIDERS
9.3 REVENUE ANALYSIS
FIGURE 30 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD MILLION)
9.4 MARKET SHARE ANALYSIS
FIGURE 31 PAYMENT GATEWAY MARKET SHARE ANALYSIS, 2023
TABLE 99 PAYMENT GATEWAY MARKET: DEGREE OF COMPETITION
TABLE 100 TYPE FOOTPRINT FOR KEY PLAYERS
TABLE 101 VERTICAL FOOTPRINT FOR KEY PLAYERS
TABLE 102 REGION FOOTPRINT FOR KEY PLAYERS
9.4.1 COMPANY FOOTPRINT: KEY PLAYERS, 2023
FIGURE 32 COMPANY FOOTPRINT
9.5 COMPANY EVALUATION MATRIX
9.5.1 STARS
9.5.2 EMERGING LEADERS
9.5.3 PERVASIVE PLAYERS
9.5.4 PARTICIPANTS
FIGURE 33 PAYMENT GATEWAY MARKET: COMPANY EVALUATION MATRIX, 2023
9.6 STARTUP/SME EVALUATION MATRIX
9.6.1 PROGRESSIVE COMPANIES
9.6.2 RESPONSIVE COMPANIES
9.6.3 DYNAMIC COMPANIES
9.6.4 STARTING BLOCKS
FIGURE 34 PAYMENT GATEWAY MARKET: STARTUP/SME EVALUATION MATRIX
9.6.5 COMPETITIVE BENCHMARKING
TABLE 103 DETAILED LIST OF STARTUPS/SMES
TABLE 104 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
9.7 COMPETITIVE SCENARIO AND TRENDS
9.7.1 PRODUCT LAUNCHES
TABLE 105 PAYMENT GATEWAY MARKET: PRODUCT LAUNCHES, JANUARY 2021–DECEMBER 2023
9.7.2 DEALS
TABLE 106 PAYMENT GATEWAY MARKET: DEALS, JANUARY 2021–SEPTEMBER 2023
9.8 PAYMENT GATEWAY PRODUCT BENCHMARKING
9.8.1 PROMINENT PAYMENT GATEWAY PLAYERS
FIGURE 35 COMPARATIVE ANALYSIS OF PROMINENT PAYMENT GATEWAY VENDORS
9.9 VALUATION AND FINANCIAL METRICS OF KEY PAYMENT GATEWAY PROVIDERS
FIGURE 36 VALUATION AND FINANCIAL METRICS OF KEY PAYMENT GATEWAY VENDORS
10 COMPANY PROFILES
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
10.1 MAJOR PLAYERS
10.1.1 PAYPAL
TABLE 107 PAYPAL: BUSINESS OVERVIEW
FIGURE 37 PAYPAL: COMPANY SNAPSHOT
TABLE 108 PAYPAL: PRODUCTS OFFERED
TABLE 109 PAYPAL: PRODUCT LAUNCHES
TABLE 110 PAYPAL: DEALS
TABLE 111 PAYPAL: EXPANSIONS
10.1.2 FISERV
TABLE 112 FISERV: BUSINESS OVERVIEW
FIGURE 38 FISERV: COMPANY SNAPSHOT
TABLE 113 FISERV: PRODUCTS OFFERED
TABLE 114 FISERV: PRODUCT LAUNCHES
TABLE 115 FISERV: DEALS
TABLE 116 FISERV: EXPANSIONS
10.1.3 STRIPE
TABLE 117 STRIPE: BUSINESS OVERVIEW
TABLE 118 STRIPE: PRODUCTS OFFERED
TABLE 119 STRIPE: PRODUCT LAUNCHES
TABLE 120 STRIPE: DEALS
TABLE 121 STRIPE: EXPANSIONS
10.1.4 VISA
TABLE 122 VISA: BUSINESS OVERVIEW
FIGURE 39 VISA: COMPANY SNAPSHOT
TABLE 123 VISA: PRODUCTS OFFERED
TABLE 124 VISA: DEALS
TABLE 125 VISA: EXPANSIONS
10.1.5 AMAZON
TABLE 126 AMAZON: COMPANY OVERVIEW
FIGURE 40 AMAZON: COMPANY SNAPSHOT
TABLE 127 AMAZON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 128 AMAZON: DEALS
10.1.6 MASTERCARD
TABLE 129 MASTERCARD: BUSINESS OVERVIEW
FIGURE 41 MASTERCARD: COMPANY SNAPSHOT
TABLE 130 MASTERCARD: PRODUCTS OFFERED
TABLE 131 MASTERCARD: PRODUCT LAUNCHES
TABLE 132 MASTERCARD: DEALS
10.1.7 FIS
TABLE 133 FIS: BUSINESS OVERVIEW
FIGURE 42 FIS: COMPANY SNAPSHOT
TABLE 134 FIS: PRODUCTS OFFERED
TABLE 135 FIS: PRODUCT LAUNCHES
TABLE 136 FIS: DEALS
TABLE 137 FIS: EXPANSIONS
10.1.8 BLOCK
TABLE 138 BLOCK: BUSINESS OVERVIEW
FIGURE 43 BLOCK: COMPANY SNAPSHOT
TABLE 139 BLOCK: PRODUCTS OFFERED
TABLE 140 BLOCK: PRODUCT LAUNCHES
TABLE 141 BLOCK: DEALS
TABLE 142 BLOCK: EXPANSIONS
10.1.9 GLOBAL PAYMENTS
TABLE 143 GLOBAL PAYMENTS: BUSINESS OVERVIEW
FIGURE 44 GLOBAL PAYMENTS: COMPANY SNAPSHOT
TABLE 144 GLOBAL PAYMENTS: PRODUCTS OFFERED
TABLE 145 GLOBAL PAYMENTS: DEALS
10.1.10 ADYEN
TABLE 146 ADYEN: BUSINESS OVERVIEW
FIGURE 45 ADYEN: COMPANY SNAPSHOT
TABLE 147 ADYEN: PRODUCTS OFFERED
TABLE 148 ADYEN: PRODUCT LAUNCHES
TABLE 149 ADYEN: DEALS
TABLE 150 ADYEN: EXPANSIONS
10.1.11 APPLE
TABLE 151 APPLE: BUSINESS OVERVIEW
FIGURE 46 APPLE: COMPANY SNAPSHOT
TABLE 152 APPLE: PRODUCTS OFFERED
10.1.12 J.P. MORGAN
TABLE 153 J.P. MORGAN: COMPANY OVERVIEW
FIGURE 47 J.P. MORGAN: COMPANY SNAPSHOT
TABLE 154 J.P. MORGAN CHASE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 155 J.P. MORGAN CHASE: PRODUCT LAUNCHES
TABLE 156 J.P. MORGAN CHASE: DEALS
10.1.13 ALIBABA GROUP
TABLE 157 ALIBABA GROUP: COMPANY OVERVIEW
FIGURE 48 ALIBABA GROUP: COMPANY SNAPSHOT
TABLE 158 ALIBABA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 159 ALIBABA GROUP: DEALS
10.1.14 RAZORPAY
10.1.15 PHONEPE
10.1.16 PAYSAFE
10.1.17 VERIFONE
11 COMPANY PROFILES
11.1 STARTUPS/SMES
11.1.1 FIDELITY PAYMENT SERVICES
11.1.2 EASEBUZZ
11.1.3 BLUESNAP
11.1.4 WINDCAVE
11.1.5 HELCIM
11.1.6 INFIBEAM AVENUES LIMITED (IAL)
11.1.7 NOWPAYMENTS
11.1.8 INSTAMOJO
11.1.9 COINGATE
11.1.10 IPPOPAY
11.1.11 PAYJUNCTION
11.1.12 LYRA NETWORK
12 ADJACENT/RELATED MARKETS
12.1 INTRODUCTION
12.2 DIGITAL PAYMENT MARKET
12.2.1 MARKET DEFINITION
12.2.2 MARKET OVERVIEW
12.3 SOLUTIONS
TABLE 160 DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 161 DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
12.3.1 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE
TABLE 162 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 163 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
12.3.2 DIGITAL PAYMENT MARKET, BY PAYMENT MODE
TABLE 164 DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 165 DIGITAL PAYMENT MARKET, PAYMENT MODE, 2023–2028 (USD MILLION)
12.3.3 DIGITAL PAYMENT MARKET, BY VERTICAL
TABLE 166 DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 167 DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.3.4 DIGITAL PAYMENT MARKET, BY REGION
TABLE 168 DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 169 DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
12.4 PAYMENT PROCESSING SOLUTIONS MARKET
12.4.1 MARKET DEFINITION
12.4.2 MARKET OVERVIEW
12.4.3 PAYMENT PROCESSING SOLUTIONS, BY PAYMENT METHOD
TABLE 170 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
TABLE 171 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
12.4.4 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL
TABLE 172 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 173 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.4.5 PAYMENT PROCESSING SOLUTIONS MANAGEMENT MARKET, BY REGION
TABLE 174 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 175 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 INCLUSIONS & EXCLUSIONS
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATES, 2021–2023
1.5 STAKEHOLDERS
1.6 IMPACT OF RECESSION
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 PAYMENT GATEWAY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Primary interviews with experts
2.1.2.2 Breakdown of primary profiles
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION
2.1.2.3 Key insights from industry experts
2.2 MARKET SIZE ESTIMATION
FIGURE 3 PAYMENT GATEWAY MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
2.2.1 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): REVENUE OF VENDORS IN PAYMENT GATEWAY MARKET
2.2.2 BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 2 (DEMAND SIDE): PAYMENT GATEWAY MARKET
FIGURE 6 MARKET SIZE ESTIMATION USING BOTTOM-UP APPROACH
2.3 DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION AND MARKET BREAKUP
2.4 RISK ASSESSMENT
TABLE 2 RISK ASSESSMENT
2.5 RESEARCH ASSUMPTIONS
TABLE 3 RESEARCH ASSUMPTIONS
2.6 LIMITATIONS
2.7 IMPLICATION OF RECESSION ON PAYMENT GATEWAY MARKET
3 EXECUTIVE SUMMARY
FIGURE 8 PAYMENT GATEWAY MARKET TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
FIGURE 9 PAYMENT GATEWAY MARKET: REGIONAL SNAPSHOT
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PAYMENT GATEWAY MARKET
FIGURE 10 RAPID DIGITAL TRANSFORMATION IN DEVELOPING ECONOMIES TO DRIVE MARKET
4.2 PAYMENT GATEWAY MARKET: TOP GROWING SEGMENTS
FIGURE 11 TOP GROWING SEGMENTS IN 2024
4.3 PAYMENT GATEWAY MARKET, BY TYPE
FIGURE 12 HOSTED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
4.4 PAYMENT GATEWAY MARKET, BY VERTICAL
FIGURE 13 RETAIL & E-COMMERCE TO HOLD LARGEST MARKET DURING FORECAST PERIOD
4.5 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY OFFERING AND VERTICAL
FIGURE 14 HOSTED SEGMENT AND RETAIL & E-COMMERCE ESTIMATED TO HOLD LARGEST MARKET SHARES IN 2024
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 PAYMENT GATEWAY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rapid Growth in E-commerce
5.2.1.2 Mobile Payment Adoption
FIGURE 16 RISING VOLUME OF UPI PAYMENTS, 2016 TO 2023 (MILLION)
5.2.1.3 Globalization of Business Transactions
5.2.2 RESTRAINTS
5.2.2.1 Regulatory Compliance
5.2.2.2 Dependency on Banking Infrastructure
5.2.3 OPPORTUNITIES
5.2.3.1 Blockchain and Cryptocurrency Integration
5.2.3.2 Value-added Services
5.2.4 CHALLENGES
5.2.4.1 Customer Trust and Data Privacy
5.2.4.2 Changing Consumer Behavior
5.3 BRIEF HISTORY OF PAYMENT GATEWAY TECHNOLOGY
FIGURE 17 BRIEF HISTORY OF PAYMENT GATEWAY TECHNOLOGY
5.3.1 1960–1990
5.3.2 1990–2000
5.3.3 2000–2010
5.3.4 2010–2020
5.3.5 202O–PRESENT
5.4 ECOSYSTEM/MARKET MAP
FIGURE 18 KEY PLAYERS IN PAYMENT GATEWAY MARKET ECOSYSTEM
TABLE 4 PAYMENT GATEWAY MARKET: ECOSYSTEM
5.5 PAYMENT GATEWAY INVESTMENT LANDSCAPE
5.6 CASE STUDY ANALYSIS
5.6.1 CASE STUDY 1: RAZORPAY OPTIMIZER HELPED CRAFT FABINDIA’S PAYMENTS SUCCESS STORY
5.6.2 CASE STUDY 2: SRI BALAJI UNIVERSITY REDUCED 90% OF RECONCILIATION EFFORTS USING FEESBUZZ AND FORMS
5.6.3 CASE STUDY 3: PAN HOME COLLABORATED WITH AMAZON PAYMENT SERVICES TO TRANSFORM CUSTOMER EXPERIENCE
5.6.4 CASE STUDY 4: COINGATE EMPOWERED BACLOUD WITH CRYPTOCURRENCY PAYMENT SOLUTIONS
5.6.5 CASE STUDY 5: STRIPE HELPED INCREASE TWILIO'S 10% AUTHORIZATION RATE
5.6.6 CASE STUDY 6: NAMELY STREAMLINED PAYMENTS AND BOOSTED EFFICIENCY WITH BLUESNAP INTEGRATION
5.7 VALUE CHAIN ANALYSIS
FIGURE 19 PAYMENT GATEWAY MARKET: VALUE CHAIN ANALYSIS
5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.8 NORTH AMERICA
5.8.1 US
5.8.2 CANADA
5.9 EUROPE
5.9.1 GERMANY
5.9.2 UK
5.10 ASIA PACIFIC
5.10.1 CHINA
5.10.2 INDIA
5.10.3 JAPAN
5.11 REST OF THE WORLD
5.11.1 QATAR
5.11.2 MEXICO
5.12 PATENT ANALYSIS
FIGURE 20 LIST OF MAJOR PATENTS FOR PAYMENT GATEWAY
5.12.1 LIST OF MAJOR PATENTS
5.13 PRICING ANALYSIS
5.13.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BILLING CYCLE
FIGURE 21 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BILLING CYCLE
TABLE 9 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PAYMENT TYPE (USD)
5.13.2 INDICATIVE PRICING ANALYSIS OF KEY PLAYERS, BY FEATURE
TABLE 10 INDICATIVE PRICING ANALYSIS OF PAYMENT GATEWAYS, BY FEATURE (USD)
5.14 PORTER’S FIVE FORCES ANALYSIS
TABLE 11 PAYMENT GATEWAY MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 22 PORTER’S FIVE FORCES ANALYSIS: PAYMENT GATEWAY MARKET
5.14.1 THREAT OF NEW ENTRANTS
5.14.2 THREAT OF SUBSTITUTES
5.14.3 BARGAINING POWER OF BUYERS
5.14.4 BARGAINING POWER OF SUPPLIERS
5.14.5 INTENSITY OF COMPETITIVE RIVALRY
5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 23 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
5.16 KEY STAKEHOLDERS & BUYING CRITERIA
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS (%)
5.16.2 BUYING CRITERIA
FIGURE 25 KEY BUYING CRITERIA FOR TOP THREE END USERS
TABLE 13 KEY BUYING CRITERIA FOR TOP END USERS
5.17 KEY CONFERENCES & EVENTS IN 2024
TABLE 14 PAYMENT GATEWAY MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024
5.18 TECHNOLOGY ANALYSIS
5.18.1 KEY TECHNOLOGIES
5.18.1.1 Encryption and Tokenization
5.18.1.2 Artificial Intelligence
5.18.1.3 Contactless Payments
5.18.2 ADJACENT TECHNOLOGIES
5.18.2.1 Biometric Authentication
5.18.2.2 IoT
5.18.2.3 Blockchain
5.18.3 COMPLEMENTARY TECHNOLOGIES
5.18.3.1 5G Technology
5.18.3.2 Voice Recognition Technology
5.19 BEST PRACTICES IN PAYMENT GATEWAY MARKET
5.19.1 SECURITY COMPLIANCE
5.19.2 FRAUD PREVENTION
5.19.3 RELIABILITY AND UPTIME
5.19.4 USER-FRIENDLY INTERFACE
5.19.5 FAST TRANSACTION PROCESSING
5.19.6 SCALABILITY
5.19.7 TRANSPARENT PRICING
5.19.8 GLOBAL PAYMENT SUPPORT
5.19.9 ROBUST API DOCUMENTATION
5.19.10 CUSTOMER SUPPORT
5.19.11 REGULAR UPDATES AND INNOVATION
5.19.12 COMPLIANCE WITH REGULATORY STANDARDS
5.20 CURRENT AND EMERGING BUSINESS MODELS
5.20.1 TRANSACTION-BASED MODEL
5.20.2 SUBSCRIPTION-BASED MODELS
5.20.3 VALUE-ADDED SERVICES MODEL
5.20.4 API-FIRST APPROACH
5.20.5 INTEGRATED SERVICE MODELS
5.20.6 CROSS-BORDER PAYMENT SOLUTIONS
5.20.7 CONTACTLESS AND NFC PAYMENTS
5.20.8 EMBEDDED FINANCE
5.21 PAYMENT GATEWAY TOOLS, FRAMEWORKS, AND TECHNIQUES
5.22 FUTURE LANDSCAPE OF PAYMENT GATEWAY MARKET
5.22.1 SHORT-TERM ROADMAP (2023–2025)
5.22.2 MID-TERM ROADMAP (2025–2028)
5.22.3 LONG-TERM ROADMAP (2029–2030)
6 PAYMENT GATEWAY MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 26 HOSTED SEGMENT TO HOLD LARGEST MARKET SIZE DURING
FORECAST PERIOD
6.1.1 TYPE: PAYMENT GATEWAY MARKET DRIVERS
TABLE 15 PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 16 PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
6.2 HOSTED
6.2.1 OUTSOURCED PAYMENT PROCESSING TO SAVE COSTS AND DRIVE GROWTH
TABLE 17 HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 18 HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
6.3 SELF-HOSTED
6.3.1 CUSTOMIZED PAYMENT PROCESSING TO DRIVE GROWTH
TABLE 19 SELF-HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 20 SELF-HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
6.4 OTHER TYPES
TABLE 21 OTHER TYPES: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 22 OTHER TYPES: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7 PAYMENT GATEWAY MARKET, BY VERTICAL
7.1 INTRODUCTION
7.1.1 VERTICAL: PAYMENT GATEWAY MARKET DRIVERS
FIGURE 27 MEDIA & ENTERTAINMENT SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 23 PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 24 PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
7.2 BFSI
7.2.1 SECURE AND FASTER BANKING TRANSACTIONS TO DRIVE GROWTH
7.2.2 USE CASE
7.2.2.1 Secure online banking transactions
7.2.2.2 Credit card payments
TABLE 25 BFSI: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 26 BFSI: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.3 TELECOM
7.3.1 DIVERSE PAYMENT OPTIONS TO DRIVE MARKET GROWTH
7.3.2 USE CASE
7.3.2.1 Mobile recharge and top-ups
7.3.2.2 Value-added service purchases
TABLE 27 TELECOM: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 28 TELECOM: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.4 HEALTHCARE
7.4.1 ONLINE MEDICAL BILLING AND FASTER INSURANCE PROCESSING TO DRIVE GROWTH
7.4.2 USE CASE
7.4.2.1 Patient payments and co-payments
7.4.2.2 Medical bill payments
TABLE 29 HEALTHCARE: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 30 HEALTHCARE: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.5 MEDIA & ENTERTAINMENT
7.5.1 RECURRING SUBSCRIPTIONS AND GROWTH OF ONLINE PLATFORMS TO DRIVE GROWTH
7.5.2 USE CASE
7.5.2.1 Pay-per-view events
7.5.2.2 Digital content purchases
TABLE 31 MEDIA & ENTERTAINMENT: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 32 MEDIA & ENTERTAINMENT: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.6 TRAVEL & HOSPITALITY
7.6.1 EASE OF MULTICURRENCY TRANSACTIONS TO DRIVE GROWTH
7.6.2 USE CASE
7.6.2.1 Hotel booking payments
7.6.2.2 Flight reservations
TABLE 33 TRAVEL & HOSPITALITY: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 34 TRAVEL & HOSPITALITY: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.7 IT & ITES
7.7.1 ENHANCED SECURITY AND ENCRYPTION TO DRIVE GROWTH
7.7.2 USE CASE
7.7.2.1 Licensing and royalties
7.7.2.2 Training and certification programs
TABLE 35 IT & ITES: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 36 IT & ITES: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.8 RETAIL & E-COMMERCE
7.8.1 INCREASE IN GLOBAL E-COMMERCE SALES TO DRIVE GROWTH
7.8.2 USE CASE
7.8.2.1 Inventory management
7.8.2.2 Customizable checkout experience
TABLE 37 RETAIL & E-COMMERCE: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 38 RETAIL & E-COMMERCE: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
7.9 OTHER VERTICALS
7.9.1 USE CASE
7.9.1.1 Event registrations
7.9.1.2 Property sales
7.9.1.3 Toll payments
7.9.1.4 Catering services
TABLE 39 OTHER VERTICALS: PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 40 OTHER VERTICALS: PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
8 PAYMENT GATEWAY MARKET, BY REGION
8.1 INTRODUCTION
TABLE 41 PAYMENT GATEWAY MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 42 PAYMENT GATEWAY MARKET, BY REGION, 2024–2029 (USD MILLION)
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA: PAYMENT GATEWAY MARKET DRIVERS
8.2.2 NORTH AMERICA: RECESSION IMPACT
FIGURE 28 NORTH AMERICA: PAYMENT GATEWAY MARKET SNAPSHOT
TABLE 43 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 44 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 45 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 46 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 47 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
TABLE 48 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
8.2.3 US
8.2.3.1 Robust financial ecosystem and major players to drive market
TABLE 49 US: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 50 US: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 51 US: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 52 US: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.2.4 CANADA
8.2.4.1 Government initiatives and immense participation from private players to drive market growth
TABLE 53 CANADA: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 54 CANADA: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 55 CANADA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 56 CANADA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.3 EUROPE
8.3.1 EUROPE: PAYMENT GATEWAY MARKET DRIVERS
8.3.2 EUROPE: RECESSION IMPACT
TABLE 57 EUROPE: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 58 EUROPE: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 59 EUROPE: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 60 EUROPE: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 61 EUROPE: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
TABLE 62 EUROPE: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
8.3.3 GERMANY
8.3.3.1 Robust financial ecosystem to drive growth
8.3.4 UK
8.3.4.1 Government initiatives and availability of advanced connectivity to drive growth
TABLE 63 UK: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 64 UK: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 65 UK: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 66 UK: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.3.5 ITALY
8.3.5.1 Surge in digital payments and e-commerce sector to drive growth
8.3.6 FRANCE
8.3.6.1 Strategic investments and innovative solutions to fuel market growth
8.3.7 SPAIN
8.3.7.1 Government funding and major players to drive growth of market
8.3.8 REST OF EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC: PAYMENT GATEWAY MARKET DRIVERS
8.4.2 ASIA PACIFIC: RECESSION IMPACT
FIGURE 29 ASIA PACIFIC: PAYMENT GATEWAY MARKET SNAPSHOT
TABLE 67 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 68 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 69 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 70 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
TABLE 71 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
TABLE 72 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
8.4.3 CHINA
8.4.3.1 Substantial investments and robust e-commerce ecosystem to drive market
TABLE 73 CHINA: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 74 CHINA: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 75 CHINA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 76 CHINA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.4.4 INDIA
8.4.4.1 Innovative digital payment solutions to drive growth
8.4.5 JAPAN
8.4.5.1 Initiatives such as Society 5.0 and digital payment industry to drive growth
8.4.6 AUSTRALIA & NEW ZEALAND
8.4.6.1 Government regulations and open banking initiatives to drive growth
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET DRIVERS
8.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT
TABLE 77 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY REGION/COUNTRY, 2018–2023 (USD MILLION)
TABLE 78 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY REGION/COUNTRY, 2024–2029 (USD MILLION)
TABLE 79 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 80 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 81 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 82 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.5.3 GCC COUNTRIES
TABLE 83 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
TABLE 84 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 85 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 86 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 87 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 88 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.5.3.1 UAE
8.5.3.1.1 Increasing adoption of digital payments to drive growth
8.5.3.2 Kingdom of Saudi Arabia
8.5.3.2.1 Supportive regulatory frameworks for payment gateway market to drive growth
8.5.4 REST OF GCC COUNTRIES
8.5.5 SOUTH AFRICA
8.5.5.1 Innovations in digital payment solutions to drive growth
8.5.6 REST OF MIDDLE EAST & AFRICA
8.6 LATIN AMERICA
8.6.1 LATIN AMERICA: PAYMENT GATEWAY MARKET DRIVERS
8.6.2 LATIN AMERICA: RECESSION IMPACT
TABLE 89 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018–2023 (USD MILLION)
TABLE 90 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
TABLE 91 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 92 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 93 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 94 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.6.3 BRAZIL
8.6.3.1 Surging e-commerce sector in country to drive growth
TABLE 95 BRAZIL: PAYMENT GATEWAY MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 96 BRAZIL: PAYMENT GATEWAY MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 97 BRAZIL: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018–2023 (USD MILLION)
TABLE 98 BRAZIL: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024–2029 (USD MILLION)
8.6.4 MEXICO
8.6.4.1 Diverse digital payment options to drive growth
8.6.5 REST OF LATIN AMERICA
9 COMPETITIVE LANDSCAPE
9.1 INTRODUCTION
9.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
9.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PAYMENT GATEWAY PROVIDERS
9.3 REVENUE ANALYSIS
FIGURE 30 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 (USD MILLION)
9.4 MARKET SHARE ANALYSIS
FIGURE 31 PAYMENT GATEWAY MARKET SHARE ANALYSIS, 2023
TABLE 99 PAYMENT GATEWAY MARKET: DEGREE OF COMPETITION
TABLE 100 TYPE FOOTPRINT FOR KEY PLAYERS
TABLE 101 VERTICAL FOOTPRINT FOR KEY PLAYERS
TABLE 102 REGION FOOTPRINT FOR KEY PLAYERS
9.4.1 COMPANY FOOTPRINT: KEY PLAYERS, 2023
FIGURE 32 COMPANY FOOTPRINT
9.5 COMPANY EVALUATION MATRIX
9.5.1 STARS
9.5.2 EMERGING LEADERS
9.5.3 PERVASIVE PLAYERS
9.5.4 PARTICIPANTS
FIGURE 33 PAYMENT GATEWAY MARKET: COMPANY EVALUATION MATRIX, 2023
9.6 STARTUP/SME EVALUATION MATRIX
9.6.1 PROGRESSIVE COMPANIES
9.6.2 RESPONSIVE COMPANIES
9.6.3 DYNAMIC COMPANIES
9.6.4 STARTING BLOCKS
FIGURE 34 PAYMENT GATEWAY MARKET: STARTUP/SME EVALUATION MATRIX
9.6.5 COMPETITIVE BENCHMARKING
TABLE 103 DETAILED LIST OF STARTUPS/SMES
TABLE 104 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
9.7 COMPETITIVE SCENARIO AND TRENDS
9.7.1 PRODUCT LAUNCHES
TABLE 105 PAYMENT GATEWAY MARKET: PRODUCT LAUNCHES, JANUARY 2021–DECEMBER 2023
9.7.2 DEALS
TABLE 106 PAYMENT GATEWAY MARKET: DEALS, JANUARY 2021–SEPTEMBER 2023
9.8 PAYMENT GATEWAY PRODUCT BENCHMARKING
9.8.1 PROMINENT PAYMENT GATEWAY PLAYERS
FIGURE 35 COMPARATIVE ANALYSIS OF PROMINENT PAYMENT GATEWAY VENDORS
9.9 VALUATION AND FINANCIAL METRICS OF KEY PAYMENT GATEWAY PROVIDERS
FIGURE 36 VALUATION AND FINANCIAL METRICS OF KEY PAYMENT GATEWAY VENDORS
10 COMPANY PROFILES
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
10.1 MAJOR PLAYERS
10.1.1 PAYPAL
TABLE 107 PAYPAL: BUSINESS OVERVIEW
FIGURE 37 PAYPAL: COMPANY SNAPSHOT
TABLE 108 PAYPAL: PRODUCTS OFFERED
TABLE 109 PAYPAL: PRODUCT LAUNCHES
TABLE 110 PAYPAL: DEALS
TABLE 111 PAYPAL: EXPANSIONS
10.1.2 FISERV
TABLE 112 FISERV: BUSINESS OVERVIEW
FIGURE 38 FISERV: COMPANY SNAPSHOT
TABLE 113 FISERV: PRODUCTS OFFERED
TABLE 114 FISERV: PRODUCT LAUNCHES
TABLE 115 FISERV: DEALS
TABLE 116 FISERV: EXPANSIONS
10.1.3 STRIPE
TABLE 117 STRIPE: BUSINESS OVERVIEW
TABLE 118 STRIPE: PRODUCTS OFFERED
TABLE 119 STRIPE: PRODUCT LAUNCHES
TABLE 120 STRIPE: DEALS
TABLE 121 STRIPE: EXPANSIONS
10.1.4 VISA
TABLE 122 VISA: BUSINESS OVERVIEW
FIGURE 39 VISA: COMPANY SNAPSHOT
TABLE 123 VISA: PRODUCTS OFFERED
TABLE 124 VISA: DEALS
TABLE 125 VISA: EXPANSIONS
10.1.5 AMAZON
TABLE 126 AMAZON: COMPANY OVERVIEW
FIGURE 40 AMAZON: COMPANY SNAPSHOT
TABLE 127 AMAZON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 128 AMAZON: DEALS
10.1.6 MASTERCARD
TABLE 129 MASTERCARD: BUSINESS OVERVIEW
FIGURE 41 MASTERCARD: COMPANY SNAPSHOT
TABLE 130 MASTERCARD: PRODUCTS OFFERED
TABLE 131 MASTERCARD: PRODUCT LAUNCHES
TABLE 132 MASTERCARD: DEALS
10.1.7 FIS
TABLE 133 FIS: BUSINESS OVERVIEW
FIGURE 42 FIS: COMPANY SNAPSHOT
TABLE 134 FIS: PRODUCTS OFFERED
TABLE 135 FIS: PRODUCT LAUNCHES
TABLE 136 FIS: DEALS
TABLE 137 FIS: EXPANSIONS
10.1.8 BLOCK
TABLE 138 BLOCK: BUSINESS OVERVIEW
FIGURE 43 BLOCK: COMPANY SNAPSHOT
TABLE 139 BLOCK: PRODUCTS OFFERED
TABLE 140 BLOCK: PRODUCT LAUNCHES
TABLE 141 BLOCK: DEALS
TABLE 142 BLOCK: EXPANSIONS
10.1.9 GLOBAL PAYMENTS
TABLE 143 GLOBAL PAYMENTS: BUSINESS OVERVIEW
FIGURE 44 GLOBAL PAYMENTS: COMPANY SNAPSHOT
TABLE 144 GLOBAL PAYMENTS: PRODUCTS OFFERED
TABLE 145 GLOBAL PAYMENTS: DEALS
10.1.10 ADYEN
TABLE 146 ADYEN: BUSINESS OVERVIEW
FIGURE 45 ADYEN: COMPANY SNAPSHOT
TABLE 147 ADYEN: PRODUCTS OFFERED
TABLE 148 ADYEN: PRODUCT LAUNCHES
TABLE 149 ADYEN: DEALS
TABLE 150 ADYEN: EXPANSIONS
10.1.11 APPLE
TABLE 151 APPLE: BUSINESS OVERVIEW
FIGURE 46 APPLE: COMPANY SNAPSHOT
TABLE 152 APPLE: PRODUCTS OFFERED
10.1.12 J.P. MORGAN
TABLE 153 J.P. MORGAN: COMPANY OVERVIEW
FIGURE 47 J.P. MORGAN: COMPANY SNAPSHOT
TABLE 154 J.P. MORGAN CHASE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 155 J.P. MORGAN CHASE: PRODUCT LAUNCHES
TABLE 156 J.P. MORGAN CHASE: DEALS
10.1.13 ALIBABA GROUP
TABLE 157 ALIBABA GROUP: COMPANY OVERVIEW
FIGURE 48 ALIBABA GROUP: COMPANY SNAPSHOT
TABLE 158 ALIBABA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 159 ALIBABA GROUP: DEALS
10.1.14 RAZORPAY
10.1.15 PHONEPE
10.1.16 PAYSAFE
10.1.17 VERIFONE
11 COMPANY PROFILES
11.1 STARTUPS/SMES
11.1.1 FIDELITY PAYMENT SERVICES
11.1.2 EASEBUZZ
11.1.3 BLUESNAP
11.1.4 WINDCAVE
11.1.5 HELCIM
11.1.6 INFIBEAM AVENUES LIMITED (IAL)
11.1.7 NOWPAYMENTS
11.1.8 INSTAMOJO
11.1.9 COINGATE
11.1.10 IPPOPAY
11.1.11 PAYJUNCTION
11.1.12 LYRA NETWORK
12 ADJACENT/RELATED MARKETS
12.1 INTRODUCTION
12.2 DIGITAL PAYMENT MARKET
12.2.1 MARKET DEFINITION
12.2.2 MARKET OVERVIEW
12.3 SOLUTIONS
TABLE 160 DIGITAL PAYMENT MARKET, BY SOLUTION, 2018–2022 (USD MILLION)
TABLE 161 DIGITAL PAYMENT MARKET, BY SOLUTION, 2023–2028 (USD MILLION)
12.3.1 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE
TABLE 162 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018–2022 (USD MILLION)
TABLE 163 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023–2028 (USD MILLION)
12.3.2 DIGITAL PAYMENT MARKET, BY PAYMENT MODE
TABLE 164 DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018–2022 (USD MILLION)
TABLE 165 DIGITAL PAYMENT MARKET, PAYMENT MODE, 2023–2028 (USD MILLION)
12.3.3 DIGITAL PAYMENT MARKET, BY VERTICAL
TABLE 166 DIGITAL PAYMENT MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 167 DIGITAL PAYMENT MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.3.4 DIGITAL PAYMENT MARKET, BY REGION
TABLE 168 DIGITAL PAYMENT MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 169 DIGITAL PAYMENT MARKET, BY REGION, 2023–2028 (USD MILLION)
12.4 PAYMENT PROCESSING SOLUTIONS MARKET
12.4.1 MARKET DEFINITION
12.4.2 MARKET OVERVIEW
12.4.3 PAYMENT PROCESSING SOLUTIONS, BY PAYMENT METHOD
TABLE 170 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018–2022 (USD MILLION)
TABLE 171 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2023–2028 (USD MILLION)
12.4.4 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL
TABLE 172 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 173 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2023–2028 (USD MILLION)
12.4.5 PAYMENT PROCESSING SOLUTIONS MANAGEMENT MARKET, BY REGION
TABLE 174 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2018–2022 (USD MILLION)
TABLE 175 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 CUSTOMIZATION OPTIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
