Online Payment Gateway Market 2021 Analysis By Size & Share, Future Demands, Trends Evaluation, Business Growth Strategies and Forecast to 2023
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Jan 27, 2021 (AmericaNewsHour) —
The Online Payment Gateway Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.
Market analysis
Present day customers can bridle the intensity of the internet to make consistent exchanges. Nationalized and private banks have chosen to profit by this pattern and presented their very own mode for making monetary exchanges a piecemeal for clients. Online payment gateways are the merchant services which go about as a mediator for handling the exchanges among clients and online destinations with a protected scrambled encrypted handshake. The expanding tendency of clients towards cashless and cardless installments is relied upon to drive the market development.
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The infiltration of cell phones into purchaser ways of life has incited the requirement for online payment applications and hopes to reinforce market request amid the estimated time frame. However, security concerns with respect to installment can be an obstacle for the market. The global online payment gateway market is projected to expand at a rate of 12.8% CAGR during the forecast period 2018 to 2023.
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Market segmentation
The Global Online Payment Gateway Market is segmented on the basis of its type, application, and regional demand. Based on its type, the online payment gateways market is segmented into pro/self-hosted payment gateways, platform-based gateway solution, local bank integrates, and others. On the basis of its applications, the market is classified into mid-size enterprises, micro & small enterprises, and large enterprises.
Based on what factors are the key Market players assessed in this report?
- The report offers detailed analysis of leading companies in the Market across the globe.
- It provides details of the major vendors involved in the Battery Market including – Visa, Inc. (U.S.), CCBill, LLC (U.S.), PayPal Holdings, Inc. (U.S.), Naspers Ltd. (South Africa), Worldpay, Inc. (U.S.), Global Payments, Inc. (US), First Data Corp. (U.S.), Verizon Communications, Inc. (U.S.), Alibaba Group Holding Ltd. (China), 2Checkout.com, Inc. (U.S.)
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about Market competitors along with standpoints of leading Market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the Battery Market report.
Regional analysis
Geographically, the Global Online Payment Gateway Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa. The Global Online Payment Gateway Market is segmented on the basis of its type, application, and regional demand. Based on its type, the online payment gateways market is segmented into pro/self-hosted payment gateways, platform-based gateway solution, local bank integrates, and others. On the basis of its applications, the market is classified into mid-size enterprises, micro & small enterprises, and large enterprises.
Regional analysis
Geographically, the Global Online Payment Gateway Market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Major players
Visa, Inc. (U.S.), CCBill, LLC (U.S.), PayPal Holdings, Inc. (U.S.), Naspers Ltd. (South Africa), Worldpay, Inc. (U.S.), Global Payments, Inc. (US), First Data Corp. (U.S.), Verizon Communications, Inc. (U.S.), Alibaba Group Holding Ltd. (China), 2Checkout.com, Inc. (U.S.), among others are some of the major players in the Global Online Payment Gateway Market.
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Table of Contents:
1 Executive Summary
1.1 Prologue
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing digital payment transactions in E-commerce and M-commerce
4.2.2 Need for user-friendly methods for online payments and reservations
4.3 Restraint
4.3.1 Security concerns regarding online payment
4.4 Opportunities
4.4.1 Growing use of smartphones for online payments
5 Market Factor Analysis
5.1 Value Chain Analysis
5.1.1 Payment Platform Developers
5.1.2 System Integrators
5.1.3 Service Providers
5.1.4 End-Users
5.2 Porter’s Five Forces Model
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Suppliers
5.2.3 Bargaining Power of Buyers
5.2.4 Threat of Substitutes
5.2.5 Intensity of Rivalry
6 Global Online Payment Gateway Market, By Type
6.1 Overview
6.1.1 Pro/Self-Hosted Payment Gateways
6.1.2 Local Bank Integrates
6.1.3 Platform-Based Payment Gateway Solution
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The post Online Payment Gateway Market 2021 Analysis By Size & Share, Future Demands, Trends Evaluation, Business Growth Strategies and Forecast to 2023 appeared first on America News Hour.
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