Global Payment Gateway Market Size is valued at USD 26.5 Billion in 2024 and is predicted to reach USD 93.3 Billion by the year 2034 at a 13.8% CAGR during the forecast period for 2025-2034.
The payment gateway market expansion has grown significantly in recent years due to increased e-commerce transactions and the adoption of digital payment methods. A payment gateway technology platform facilitates online payments between merchants and customers. It authorizes credit card and debit card payments, as well as other forms of payment, such as e-wallets and mobile payments.
The key drivers of payment gateway market growth include the rise in digital payments, increased penetration of smartphones and the internet, the growing popularity of online shopping, and the adoption of cloud-based payment gateways. The payment gateway industry is expected to grow in the coming years due to the ever-increasing trend toward digital payments and the rising adoption of e-commerce.
However, security is a major concern for payment gateways as cyber-attacks and frauds are becoming increasingly sophisticated. Customers are also wary of entering sensitive financial information online, which makes it difficult for payment gateways to build trust and confidence.
The payment gateway market is segmented based on type, enterprise size and end-use. Based on type, the market is categorized into hosted and non-hosted. By enterprise size, the market is segmented into large enterprises and small & medium enterprises. By end-use outlook, the market is segmented into BFSI, Media & Entertainment, retail & e-commerce, travel and hospitality and others.
The larger enterprise category is expected to hold a major share of the global payment gateway market. Due to the larger website traffic that large businesses typically experience, they must implement efficient checkout solutions for their clients. By supporting several digital payment methods like net banking and credit or debit cards, payment gateway systems may guarantee a simple checkout process for clients. These businesses also need a very safe and secure method of transaction, which is made possible by payment gateways. Using industry-standard encryption, trustworthy payment gateways protect sensitive consumer and merchant data.
The hosted segment will dominate the payment gateway market in the coming years. A hosted payment gateway is hosted by a third-party provider that handles payment processing and security. Hosted payment gateways are popular among small and medium-sized businesses, as they are easy to integrate and offer a cost-effective way to accept payments online.
The North American payment gateway market position is expected to register the highest market share in revenue shortly. The United States is the most substantial contributor to the payment gateway market demand in North America due to its large e-commerce market and the high adoption of digital payment methods. North America has one of the highest internet and smartphone penetration rates in the world, which has led to the rapid adoption of e-commerce and digital payments. North America's well-established and mature e-commerce market has created a high demand for payment gateway solutions. While North America is expected to continue to dominate the payment gateway market, the Asia Pacific region is also expected to experience significant growth in the coming years due to the rapid adoption of digital payments and the increasing penetration of smartphones and the internet.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 26.5 Billion |
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Revenue forecast in 2034 |
USD 93.3 Billion |
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Growth rate CAGR |
CAGR of 13.8% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Mn,, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Type, Enterprise Size And End-Use |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Adyen; Amazon Payments Inc.; Authorize.Net; Bitpay; Inc.; Braintree; PayPal Holdings, Inc.; PayU Group; Stripe; Verifone Holdings, Inc.; and Wepay, Inc. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Payment Gateway Market Snapshot
Chapter 4. Global Payment Gateway Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Type Estimates & Trend Analysis
5.1. by Type & Market Share, 2021 & 2021
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Type:
5.2.1. Hosted
5.2.2. Non-hosted
Chapter 6. Market Segmentation 2: by Enterprise Size Estimates & Trend Analysis
6.1. by Enterprise Size & Market Share, 2021 & 2021
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Enterprise Size:
6.2.1. Large Enterprises
6.2.2. Small & Medium Enterprises
Chapter 7. Market Segmentation 3: by End-use Estimates & Trend Analysis
7.1. by End-use & Market Share, 2021 & 2021
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-use:
7.2.1. BFSI
7.2.2. Media & Entertainment
7.2.3. Retail & E-commerce
7.2.4. Travel & Hospitality
7.2.5. Others
Chapter 8. Payment Gateway Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.1.2. North America Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Size, 2021-2034
8.1.3. North America Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by End-use, 2021-2034
8.1.4. North America Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.2. Europe
8.2.1. Europe Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.2.2. Europe Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Size, 2021-2034
8.2.3. Europe Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by End-use, 2021-2034
8.2.4. Europe Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.3. Asia Pacific
8.3.1. Asia Pacific Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.3.2. Asia Pacific Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Size, 2021-2034
8.3.3. Asia-Pacific Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by End-use, 2021-2034
8.3.4. Asia Pacific Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.4. Latin America
8.4.1. Latin America Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.4.2. Latin America Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Size, 2021-2034
8.4.3. Latin America Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by End-use, 2021-2034
8.4.4. Latin America Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
8.5. Middle East & Africa
8.5.1. Middle East & Africa Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
8.5.2. Middle East & Africa Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Size, 2021-2034
8.5.3. Middle East & Africa Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by End-use, 2021-2034
8.5.4. Middle East & Africa Payment Gateway Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. Adyen N.V.
9.2.2. Allied Wallet, Inc.
9.2.3. Amazon Payments Inc.
9.2.4. Authorize.Net
9.2.5. Bitpay, Inc.
9.2.6. BlueSnap Inc.
9.2.7. Braintree
9.2.8. Payline Data Services LLC
9.2.9. Payoneer Inc.
9.2.10. PayPal Holdings Inc.
9.2.11. PayU Group
9.2.12. Skrill Limited
9.2.13. Stripe, Inc.
9.2.14. t2Checkout.com, Inc.
9.2.15. Verifone Holdings Inc.
9.2.16. Wepay, Inc.
9.2.17. Worldpay, Inc.
9.2.18. Other Prominent Players
Payment Gateway Market By Type
Payment Gateway Market By Enterprise Size
Payment Gateway Market By End-Use
Payment Gateway Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
