Hosted Payment Gateway Segment to Lead Global Payment Gateway Market till 2024

Government initiatives towards digitization and surging popularity of digital payment to drive global payment gateway market through 2024

According to TechSci Research report, “Global Payment Gateway Market By Type, By Enterprise Size, By End-User, By Region, Competition, Forecast & Opportunities, 2024”, global payment gateway market is projected to grow at a CAGR of over 8% during 2019-2024, on account of increasing internet penetration, which is aiding growing demand for online transactions. The number of internet users grew at a notable rate in the last five years and the trend is likely to continue during the forecast period, owing to the introduction of 5G high-speed internet technology. Moreover, growing inclination towards digital payments, easy- access and attractive cashbacks are promoting the growth of global payment gateway market.   

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PayPal Holdings, Inc., Amazon Pay (Amazon.com, Inc.), Stripe, Inc. Adyen N.V. and PayU Group are the major companies operating in global payment gateway market. Companies operating in the online payment gateway market are collaborating, launching new services and expanding to different regions, for instance, Alipay expanded its payment service to London. Asia-Pacific payment gateway market is poised to grow at a high rate during the forecast period, owing to increasing utilization of online business platforms by local vendors in economies such as India and China.

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“Global Payment Gateway Market By Type, By Enterprise Size, By End-User, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global payment gateway market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global payment gateway market.

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