{"product_id":"payment-gateways-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Payment Gateways Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003ePayment Gateways Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nThe global payment gateways market size reached US$ 23.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 34.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003ePayment gateways are web-based applications that serve as intermediaries between e-commerce websites and banks to authorize and authenticate online transactions. They encrypt sensitive information, including credit card numbers and bank account details, to prevent fraud. They offer the facility of making purchases at any hour of the day without the inconvenience of waiting in long queues. As a result, payment gateways find extensive applications in the retail, media and entertainment, and banking, financial services and insurance (BFSI) industries across the globe.\u003c\/p\u003e\n\n\u003cp\u003ePayment Gateways Market Trends:\u003cbr\u003e\nThe increasing digital transformation of businesses around the world represents one of the key factors bolstering the growth of the market. Moreover, rising technological advancements have enabled financial service providers to offer novel digital services to customers. Besides this, there is a considerable increase in the adoption of online payment modes, including credit or debit cards, mobile wallets, and net banking, for making money transfers that offer a convenient method to users for making in-store payments. Apart from this, people are nowadays increasingly relying on online travel agencies (OTAs) for booking flights, cars, tours, cruises, and hotel accommodations. This, coupled with the thriving travel and tourism industry, is creating a positive outlook for the market. Furthermore, numerous banks are collaborating with retail vendors to provide cashback offers, attract new customers and retain existing users. This, along with the expanding broadband or high-speed Internet access, is projected to fuel the growth of the market in the upcoming years.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003e\nIMARC Group provides an analysis of the key trends in each sub-segment of the global payment gateways market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on application and mode of interaction.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Application:\u003c\/p\u003e\n\n\u003cp\u003eLarge Enterprises\u003cbr\u003e\nMicro and Small Enterprises\u003cbr\u003e\nMid-Size Enterprises\u003c\/p\u003e\u003cbr\u003e\n \n\n\u003cp\u003eLarge enterprises currently hold the largest market as they have higher website traffic and consequently need to rely on effective solutions during the checkout process.\u003c\/p\u003e \n\n\u003cp\u003eBreakup by Mode of Interaction:\u003c\/p\u003e\n\n\u003cp\u003eHosted Payment Gateways\u003cbr\u003e\nPro\/Self-Hosted Payment Gateways\u003cbr\u003e\nAPI\/Non-Hosted Payment Gateways\u003cbr\u003e\nLocal Bank Integrates\u003cbr\u003e\nDirect Payment Gateways\u003cbr\u003e\nPlatform-Based Payment Gateways\u003c\/p\u003e\u003cbr\u003e\n \n\n\u003cp\u003eHosted payment gateways dominate the market as they offer multiple payment options and data encryption to safeguard sensitive customer data against data breaches and malware attacks.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nEurope\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nMiddle East and Africa\u003cbr\u003e\nLatin America\u003c\/p\u003e\u003cbr\u003e\n \n\n\u003cp\u003eThe Asia-Pacific dominates the market on account of the burgeoning e-commerce industry in the region.\u003c\/p\u003e\n\n\u003cp\u003eCompetitive Landscape:\u003cbr\u003e\nThe competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003cbr\u003e\nHow has the global payment gateways market performed so far and how will it perform in the coming years?\u003cbr\u003e\nWhat has been the impact of COVID-19 on the global payment gateways market?\u003cbr\u003e\nWhat are the key regions in the global payment gateways market?\u003cbr\u003e\nWhat are the key application segments in the global payment gateways market?\u003cbr\u003e\nWhat are the key mode of interactions in the global payment gateways market?\u003cbr\u003e\nWhat are the various stages in the value chain of the global payment gateways industry?\u003cbr\u003e\nWhat are the key driving factors and challenges in the global payment gateways industry?\u003cbr\u003e\nWhat is the structure of the global payment gateways industry and who are the key players?\u003cbr\u003e\nWhat is the degree of competition in the global payment gateways industry?\u003c\/p\u003e","brand":"Service Industries","offers":[{"title":"June, 2023 \/ 145 Pages \/ MCW16276231","offer_id":47709858005298,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/payment-gateways-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}