The global e-commerce payment market accounted for US$ 24.26 Bn in 2017 and is expected to grow at a CAGR of 13.1% over the forecast period 2018-2025, to account for US$ 64.69 Bn in 2025. The demand for e-commerce payment is largely influenced by a number of factors such as availability of several online payment options on e-commerce websites such as e-wallet, debit & credit cards, net banking etc.; increasing banking population worldwide; and rising smartphone adoption coupled with increasing internet penetration. Furthermore, the growth of cross-border e-commerce provides a potential opportunity for the e-commerce payment market.
The e-commerce payment market is fragmented with the presence of several payment gateway providers and the competitive dynamics in the market is expected to change during the upcoming years. E-commerce players are considering several factors before reaching a final decision to select a payment gateway service provider for their online business. These factors include ease of onboarding, attractive pricing, a range of payment options, merchant & end-user centric features, strong customer support and availability of Omnichannel. Integration of such features under one suite of gateway solution will create significant opportunities for the companies to leverage an increasing growing e-commerce market.
1. PayPal Holdings, Inc.
2. Amazon Payments, Inc.
3. CCBill, LLC
4. WePay Inc.
6. Visa, Inc.
7. MasterCard Incorporated
8. Stripe Inc.
9. American Express Company
10. UnionPay International Co., Ltd.
On the basis of type, credit card segment is the leading however, it is expected that the segment will lose its major share to e-wallet during the forecast period. With the e-commerce growth, the e-commerce payment market is noticing developments of new products and services with an objective to capture share in the constantly growing e-commerce payment market space. The introduction of new payment types helps the customers by providing more convenience as well as security while making online payments. The selection of payment options is the main consideration for e-commerce players for reducing shopping cart abandonment. Payments options that are confusing and not in accordance with customers banking requirements can significantly affect the sales channel success.
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This report presents a 360-degree overview of the competitive scenario of the Global E-commerce Payment market. The report includes massive data relating to the recent product and technological developments observed in the market, complete with an analysis of the impact of these advancements on the market’s future development. The research report analyzes the global E-commerce Payment market in a detailed manner by explaining the key aspects of the market that are expected to have a quantifiable influence on its developmental prospects over the forecast period.
Following key questions are answered through this report:
What are the restraining factors in front of the businesses?
Which factors are driving the market growth?
What are the recent trends in the global market?
What are the global opportunities for getting new clients rapidly?
What are the key regions for expanding the market globally?
What are the threats and challenges in front of the businesses?
Who are the key players in the global E-commerce Payment Market?
Across the globe, several regions like North America, Latin America, Asia-Pacific, Europe, and Africa have been studied on the basis of sale and profit margin. Some significant key players have been profiled to get informative data to make informed decisions in the businesses. It makes use of info graphics, graphs, charts, tables, and pictures. For an effective and accurate business outlook, the report on the global E-commerce Payment Market examined details of the changing trends adopted by the top level companies.