Global E-commerce Payment Market 2018-2022
About E-commerce Payment
E-commerce Payment refers to transactions that occurs while buying or selling online. Electronic commerce payment draws on technologies such as mobile commerce, electronic funds transfer, Internet banking, online transaction processing, electronic data interchange (EDI), and automated data collection systems.
Technavio’s analysts forecast the global E-commerce payment market will register a revenue of almost USD 135 billion by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global E-commerce payment market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global E-commerce Payment Market 2018-2022
Technavio recognizes the following companies as the key players in the global E-commerce payment market: Alibaba Group, PayPal, Visa, and Mastercard.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in mobile biometrics for payment. As per the current market scenario, the use of mobile devices for conducting financial and e-commerce transactions has increased significantly. Thus, this increasing trend is leading towards rapid innovation of biometrics technologies such as fingerprint recognition, voice recognition, iris recognition, signature recognition, keystroke recognition, and facial recognition”
According to the report, one driver in the market is rise in the usage of wireless networks. In the current market scenario, increasing internet and wireless broadband penetration are one of the primary drivers for the growth of the e-commerce market as it is driving the social and the mobility phenomenon across the market
Alibaba Group, PayPal, Visa, and Mastercard.