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Global Payment Gateway Market Research Report (2020 to 2025) - Potential Adoption of Crypto Payments by Merchants Presents Opportunities - ResearchAndMarkets.com

April 14, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Apr 14, 2021--

The “Payment Gateway Market Research Report by Type - Global Forecast to 2025 - Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.

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The Global Payment Gateway Market is expected to grow from USD 50,312.85 Million in 2020 to USD 94,198.97 Million by the end of 2025.

Market Segmentation & Coverage:

This research report categorizes the Payment Gateway to forecast the revenues and analyze the trends in each of the following sub-markets:

The Integrated is projected to witness the highest growth during the forecast period

Based on Type, the Payment Gateway Market is examined across Hosted and Integrated. The Hosted commanded the largest size in the Payment Gateway Market in 2020. On the other hand, the Integrated is expected to grow at the fastest CAGR during the forecast period.

The Travel & Hospitality is projected to witness the highest growth during the forecast period

Based on Industry, the Payment Gateway Market is examined across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. The Banking, Financial Services & Insurance commanded the largest size in the Payment Gateway Market in 2020. On the other hand, the Travel & Hospitality is expected to grow at the fastest CAGR during the forecast period.

The Asia-Pacific is projected to witness the highest growth during the forecast period

Based on Geography, the Payment Gateway Market is examined across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Americas commanded the largest size in the Payment Gateway Market in 2020. On the other hand, the Asia-Pacific is expected to grow at the fastest CAGR during the forecast period.

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Cumulative Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. The ongoing research amplifies the research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.

Market Dynamics

Drivers

  • Rise in the use of mobile wallets as well as advancements in mobile payment technology
  • Increase in online transactions along with the emergence of the token system, cash pooling, and cashless transactions
  • Development of new standards to govern the flow of money

Restraints

  • Potential issues related to processing multiple currencies and system integration

Opportunities

  • Growing adoption of payment-as-a-service model
  • Potential adoption of crypto payments by merchants

Challenges

  • Data breaches and evolving cyberattacks

Companies Mentioned

  • 2Checkout
  • Adyen
  • Allied Wallet, Ltd.
  • Amazon Payments Inc.
  • Ant Financial Services Group
  • Authorize.Net Corporation
  • Avenues Payments India Pvt. Ltd.
  • BitPay, Inc.
  • BluePay, Inc.
  • Cardstream Limited
  • CCBill, LLC
  • Fiserv, Inc.
  • GoCardless Ltd.
  • Ingenico Group
  • Merchant Warrior
  • Paypal Holdings, Inc.
  • Secure Trading Limited
  • Stripe Inc.
  • Wirecard AG
  • Worldpay, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/ozmxz1

View source version on businesswire.com:https://www.businesswire.com/news/home/20210414005542/en/

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KEYWORD:

INDUSTRY KEYWORD: RETAIL ONLINE RETAIL PROFESSIONAL SERVICES FINANCE

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 04/14/2021 09:47 AM/DISC: 04/14/2021 09:47 AM

http://www.businesswire.com/news/home/20210414005542/en