1 / 7

Payment Gateway Market Trends, Analysis & Forecast, 2032

Global Payment Gateway Market is estimated to grow considerably through 2032, owing to the increasing government support towards the fintech sector. Incentives and grants offered by the government to promote talent mobility will further proliferate the industrial growth.

sudeepkedar77
Download Presentation

Payment Gateway Market Trends, Analysis & Forecast, 2032

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Payment Gateway Market Share, Trend & Growth Forecast to 2032

  2. Industry Insights • As per a recent research report, Payment Gateway Market to surpass USD 160 Bn by 2032. • Global Payment Gateway Market is estimated to grow considerably through 2032, owing to the increasing government support towards the fintech sector. Incentives and grants offered by the government to promote talent mobility will further proliferate the industrial growth. • However, growing digitization has resulted in mounting cyber security threats worldwide. To safeguard customers from theft and data breaches, several market leaders are investing in developing their own payment gateway systems to avoid third-party payments. For instance, in February 2022, Bank of America launched its innovative online payment system, Pay by Bank. The new tool, developed in collaboration with Banked Ltd., enables e-commerce enterprise clients, primarily in the UK, to pay straight from their bank account. • Based on type, the local bank integrated segment garnered more than 11% revenue share in 2022. The surging adoption of digital technology among banking and financial companies is estimated to be one of the key drivers fueling the product demand. The local bank integrated payment gateways come in handy for small businesses that seek straightforward one-time online payment structures. Their ease of use and simpler set up is largely contributing to the growing adoption across such businesses.

  3. With respect to application, the media & entertainment segment is projected to grow at 26% CAGR from 2023 to 2032. The media and entertainment sector has advanced technologically to offer consumers improved entertainment options, including 3D movies and television shows, gaming, and others. People can leverage payment gateway services by making online payments from any region. Building on this, companies are now rolling out advanced features and solutions to bring in enhanced viewer experience. • For instance, in December 2022, Nowpayments, a non-custodial cryptocurrency payment gateway, announced that customers would now be allowed to pay for the online streaming giant Netflix and online music streaming platform Spotify subscriptions with SHIB.

  4. Regional Analysis Middle East & Africa payment gateway market is slated to depict positive growth through the forecast period. The growing trend of strategic collaborations with key market participants to extend payment capabilities is creating better opportunities for expansion in the MEA payment gateway market. The lack of payment security measures and rising cyberattacks, however, are hindering the market growth. • Competitive Analysis • t2Checkout.com, Inc., Allied Wallet, Inc., Adyen N.V., Amazon.com. Inc., Bitpay, Inc., Authorize.Net, BluePay (Clover), Braintree, BlueSnap Inc., Payline Data Services LLC, PayPal Holdings Inc., Payoneer Inc., PayU Group, Verifone Holdings Inc., Stripe, Wepay, Inc., and Worldpay, Inc

  5. Payment Gateway Market @ https://www.gminsights.com/industry-analysis/payment-gateway-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/5077 Request for customization: https://www.gminsights.com/roc/5077

  6. Stay In Touch Social Media:

  7. THANK YOU www.gminsights.com

More Related