Report Description

Global Payment Gateway Market By Type (Hosted, Self-hosted & Bank Integrated), By Enterprise Size (Small & Medium Enterprise (SME) & Large Enterprise), By End-User (Retail, Healthcare & Others), By Region, Competition, Forecast & Opportunities, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : ICT

Global Payment Gateway Market Overview

Global payment gateway market is forecast to grow at a CAGR of over 8% during 2019-2024, on the back of increasing demand for online transactions. Payment gateway acts as an intermediary between the e-commerce site and bank. Online payment encrypts sensitive information and is used for the authentication of online transactions. It is also used for preventing fraudulent activities by providing card verification value (CVV) and address verification system (AVS). Popularity of digital payment modes like credit/debit cards, net banking and mobile wallets, in addition to increasing number of customers using smartphones for online transactions, is further driving the growth of global payment gateway market. Moreover, collaboration of e-commerce sites with various payment gateways is offering cashbacks in order to retain their old customers and attract new customers.

Global Payment Gateway Market Segments  

Transactions are validated through OTPs, PINs and other passwords. However, key trend which will predominantly impact the market in coming years is the integration of biometric authentication across payment gateway solutions. Based on the enterprise size, the market has been segmented into small & medium enterprise (SME) and large enterprise. Large enterprise segment acquired the majority market share in 2018; however, SMEs are likely to grow at a faster rate during the forecast period. Payment gateway serves various end-users such as travel & hospitality, retail, healthcare, education, government, utilities and others. Retail segment captured the largest market share in 2018 and is expected to witness notable growth during the forecast period. Retail companies are adding various payment gateways such as Paypal to their websites, which is bolstering market growth. Based on the type, global payment gateway market has been segmented into hosted, self-hosted and bank integrated. Hosted payment gateway segment dominates the market and is likely to continue its market dominance through 2024, as merchants are seeking quick installation of payment gateway solutions on their websites. 

Global Payment Gateway Market Regional Insights

Globally, payment gateway market has been segmented into North America, South America, Middle East & Africa and Asia-Pacific. Asia-Pacific payment gateway market is expected to witness significant growth due to several government initiatives for digitization in economies such as India. China accounts for the largest share in Asia-Pacific payment gateway market. Moreover, China and India payment gateway markets are likely to register growth during the forecast period, on account of increasing number of small & medium enterprises and growing number of customers performing online transactions. Increasing internet penetration in rural areas of developing economies is expected to positively impact the global market.

Global Payment Gateway Market Competitive Landscape

The report provides deep insights into the global payment gateway market, covering all the significant information. Owing to security concerns regarding online payments, companies are adopting advanced technologies and solutions. However, online bids and full-time availability are augmenting growth of the payment gateway market. Some of the leading players in the market are PayPal Holdings, Inc., Amazon Pay (, Inc.), Stripe, Inc. Adyen N.V., PayU Group, etc. These companies have adopted various strategies including expansion, joint ventures, collaborations, partnerships and mergers & acquisitions to gain a strong position in the industry.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast global payment gateway market size.
  • To classify and forecast global payment gateway market based on type, enterprise size, end-user and regional distribution.
  • To identify drivers and challenges for global payment gateway market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global payment gateway market.
  • To conduct the pricing analysis for global payment gateway market.
  • To identify and analyze profile of leading players operating in global payment gateway market.

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Some of the leading players in global payment gateway market are PayPal Holdings, Inc., Amazon Pay (, Inc.), Stripe, Inc., Adyen N.V., PayU Group, etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the solution offerings, distribution channels and presence of all major solution providers across the globe.

TechSci Research calculated global payment gateway market size using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Payment gateway service providers and other stakeholders
  • Government bodies such as regulating authorities and policymakers
  • Organizations, forums and alliances related to payment gateway market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as service providers and partners, end users. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities in specific market segments and geographies.

Report Scope:

In this report, global payment gateway market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Type:
    • Hosted
    • Self-hosted
    • Bank Integrated
  • Market, by Enterprise Size:
    • Small & Medium Enterprise (SME)
    • Large Enterprise
  • Market, by End-User:
    • Travel & Hospitality
    • Retail
    • Healthcare
    • Education
    • Government
    • Utilities
    • Others
  • Market, by Region:
    • Asia-Pacific
      • China
      • India 
      • Japan
      • Australia
      • South Korea
      • Singapore
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global payment gateway market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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