DUBLIN--(BUSINESS WIRE)--The "Payment Gateways Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global payment gateways market reached a value of US$ 10 Billion in 2017. The market is expected to grow at a CAGR of 8.7% during 2018-2023, reaching a value of US$ 16 Billion by 2023.
Nowadays, the companies are restructuring their businesses and revenue strategies by moving towards a digital approach. This is projected to spur the growth prospects of the payment gateways market in the coming years. Additionally, the increasing usage of mobile wallets, which provide a convenient way for users to make in-store payments, has emerged as another major driver.
Besides, an increasing number of customers are using smartphones or tablets for making online reservations and payments, thereby stimulating the demand for payment gateways. Moreover, various banks are collaborating with retail vendors to provide cashback offers so as to attract new customers and retain the existing users.
The report has segmented the market on the basis of applications into large enterprises, micro and small enterprises, and mid-sized enterprises. Currently, large enterprises account for the majority of the total share. On a regional-basis, the report covers North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America represents the largest market, holding largest share globally.
The report has also analysed the competitive landscape of the market with some of the key players being Worldpay Group, Wirecard, Adyen, Allied Wallet and PayPal.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Payment Gateways Market
6 Market Breakup by Application
7 Market Breakup by Mode of Interraction
8 Market Breakup by Region
9 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/lcfz27/global_payment?w=4