Payment Gateway Market Size By Type (Hosted, Non-Hosted, Local Bank Integrated), By Organization Size (SME, Large Enterprises), By Application (Travel and Hospitality, Retail & E-commerce, Media & Entertainment, Healthcare, Energy & Utilities, IT & Teleco

Payment Gateway Market Size By Type (Hosted, Non-Hosted, Local Bank Integrated), By Organization Size (SME, Large Enterprises), By Application (Travel and Hospitality, Retail & E-commerce, Media & Entertainment, Healthcare, Energy & Utilities, IT & Telecom, BFSI), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027

The payment gateway market is expected to showcase exponential growth by 2027 owing to the prevalent utilization of digital payment methods across the globe. Additionally, growing focus on the establishment of a cashless economy is projected to support product demand through the forecast timeline.

Driven by the COVID-19 pandemic, the industry witnessed massive growth as consumers worldwide resorted to online payments to avoid risks of exposure to the coronavirus involved in cash transactions. Subsequently, proliferating usage of digital payment methods has boosted market demand.

Recently, industry players have been expanding their presence in emerging regions to improve their market standing, which has been favorable for business outlook globally. For instance, in July 2021, Paytm, the India-based digital payment leader, announced its plans to raise nearly USD 2.2 billion in an initial public offering (IPO).

Backed by Chinese e-commerce giant Alibaba, Paytm was recently dubbed one of the most valuable startups in the country. Paytm, which entered the market as a digital payment provider in 2009, now operates a payment gateway, ticket booking portal, and e-commerce marketplace.

In another instance, in June 2021, Silicon Valley startup Citcon attained the status of “Oracle Validated Integration” with Xstore Expertise for its payment gateway offering. As a result, mounting presence of newer market entrants has further enhanced market dynamics.

For in-depth analysis, the payment gateway market has been categorized on the basis of type, organization size, application, and region. With respect to application, the market has been divided into travel and hospitality, media & entertainment, IT & telecom, retail & e-commerce, healthcare, energy & utilities, and BFSI.

In 2020, the healthcare application segment held over 11.1% revenue share in the payment gateway market and is estimated to grow at a sizable pace over 2021-2027. Increasing popularity of cashless transactions in healthcare agencies is likely to fuel segmental adoption through the following years.

The energy & utilities application segment is expected to grow at a CAGR of around 17.4% over the analysis period to reach a notable valuation by the end of 2027. Rising use of recurrent billing, along with modernization of payments across the energy sector, is speculated to facilitate segmental expansion in the coming years.

The IT & telecom application segment accounted for over 9.15% of the payment gateway market in 2020 and is projected to observe lucrative growth over the forecast timeframe. Surging need for payment handling solutions in the telecom industry is set to promote segmental growth through 2027.



The payment gateway market from the BFSI application segment is anticipated to progress at over 21.3% CAGR through the estimated period. Rapid digitalization of payment methods across the BFSI sector is slated to foster segmental outlook in the future.

In terms of region, the Latin America payment gateway market is expected to progress at a CAGR of approximately 19.4% over the projected period. Growing penetration of mobile wallets in the region is slated to impel market demand over the forthcoming years.

In 2020, Middle East & Africa accounted for nearly 5.01% of the overall market revenue and is anticipated to reach a respectable valuation by the end of 2027. Shifting preference of consumers towards m-commerce in MEA is likely to augment regional market growth through the forecast period.


Chapter 1 Methodology & Scope
1.1 Scope & definitions
1.2 Methodology & forecast parameters
1.3 Region-wise COVID-19 impact analysis
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 Middle East & Africa
1.4 Regional trends
1.5 Data Sources
1.5.1 Secondary
1.5.2 Primary
Chapter 2 Executive Summary
2.1 Payment gateway industry 360 degree synopsis, 2016 - 2027
2.2 Business trends
2.3 Regional trends
2.4 Type trends
2.5 Organization size trends
2.6 Application trends
Chapter 3 Payment Gateway Industry Insights
3.1 Introduction
3.2 Industry segmentation
3.3 Impact of COVID-19 outbreak
3.3.1 Global outlook
3.3.2 By region
3.3.2.1 North America
3.3.2.2 Europe
3.3.2.3 Asia Pacific
3.3.2.4 Latin America
3.3.2.5 Middle East & Africa
3.3.3 Industry value chain
3.3.3.1 Suppliers
3.3.3.2 Payment gateway technology providers
3.3.3.3 Marketing & distribution channels
3.3.4 Competitive landscape
3.3.4.1 Strategy
3.3.4.2 Distribution network
3.3.4.3 Business growth
3.4 Payment gateway ecosystem analysis
3.4.1 Issuers
3.4.2 Acquirers
3.4.3 Credit card networks
3.4.4 Payment processors
3.4.5 Payment gateways
3.4.6 Independent Sales Organizations (ISOs)
3.4.7 Payment facilitators
3.4.8 Payment processing hardware providers
3.4.9 Shareholder profit margin analysis
3.4.10 Vendor matrix
3.5 Payment gateway evolution
3.6 Regulatory landscape
3.6.1 Alternative Investment Fund Managers Directive (AIFMD)
3.6.2 Anti-Money Laundering Directive 2015/849/EU (AMLD)
3.6.3 Dodd-Frank Wall Street Reform and Consumer Protection Act
3.6.4 European Market Infrastructure Regulation (EMIR)
3.6.5 Federal Information Security Management Act (FISMA)
3.6.6 Foreign Account Tax Compliance Act (FATCA)
3.6.7 General Data Protection Regulation (GDPR)
3.6.8 Health Insurance Portability and Accountability Act (HIPAA)
3.6.9 Markets in Financial Instruments Directive (MiFID)
3.6.10 North American Electric Reliability Corp (NERC) standards
3.6.11 Payment Card Industry Data Security Standard (PCI DSS)
3.6.12 The Gramm-Leach-Bliley Act (GLB) Act of 1999
3.6.13 The Sarbanes-Oxley Act of 2022
3.7 Technology and innovation landscape
3.7.1 Application Processing Interface (API)
3.7.2 Blockchain
3.7.3 AI and machine learning
3.7.4 Biometrics
3.8 Digital payment statistics
3.9 Patent analysis
3.10 Investment portfolio
3.11 Industry impact forces
3.11.1 Growth drivers
3.11.1.1 Increasing e-commerce sales along with growing internet penetration
3.11.1.2 Changing consumer preferences towards digital payments
3.11.1.3 Supportive government initiatives
3.11.1.4 Increasing financial literacy across developing nations
3.11.1.5 Catalyzed investments in the fintech industry
3.11.2 Industry pitfalls & challenges
3.11.2.1 Rising cybersecurity issues
3.11.2.2 Absence of a global standard for cross-border transactions
3.12 Porter's analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape
4.1 Introduction
4.2 Market share analysis, 2020
4.3 Competitive analysis of key market players, 2020
4.3.1 Chart key
4.3.2 Adyen N V
4.3.3 Authorize Net
4.3.4 PayPal Holdings Inc
4.3.5 PayU Group
4.3.6 Square, Inc
4.3.7 Stripe
4.3.8 Verifone Holdings Inc
4.4 Competitive analysis of market innovators, 2020
4.4.1 Amazon com Inc
4.4.2 Braintree
4.4.3 Payoneer Inc
4.4.4 Skrill Limited
4.4.5 Worldpay, Inc
4.5 Vendor adoption matrix
Chapter 5 Payment Gateway Market, By Type
5.1 Payment gateway market share, by type, 2020 & 2027
5.2 Hosted payment gateway
5.2.1 Market estimates and forecast, 2016 - 2027
5.3 Non-hosted payment gateway
5.3.1 Market estimates and forecast, 2016 - 2027
5.4 Local bank integrated payment gateway
5.4.1 Market estimates and forecast, 2016 - 2027
Chapter 6 Payment Gateway Market, By Organization Size
6.1 Payment gateway market share, by organization size, 2020 & 2027
6.2 SMEs
6.2.1 Market estimates and forecast, 2016 - 2027
6.3 Large enterprises
6.3.1 Market estimates and forecast, 2016 - 2027
Chapter 7 Payment Gateway Market, By Application
7.1 Payment gateway market share, by application, 2020 & 2027
7.2 Travel and hospitality
7.2.1 Market estimates and forecast, 2016 - 2027
7.3 Retail & e-commerce
7.3.1 Market estimates and forecast, 2016 - 2027
7.4 Media & entertainment
7.4.1 Market estimates and forecast, 2016 - 2027
7.5 Healthcare
7.5.1 Market estimates and forecast, 2016 - 2027
7.6 Energy & utilities
7.6.1 Market estimates and forecast, 2016 - 2027
7.7 IT & telecom
7.7.1 Market estimates and forecast, 2016 - 2027
7.8 BFSI
7.8.1 Market estimates and forecast, 2016 - 2027
7.9 Others
7.9.1 Market estimates and forecast, 2016 - 2027
Chapter 8 Payment Gateway Market, By Region
8.1 Payment gateway market share, by region, 2020 & 2027
8.2 North America
8.2.1 Market estimates and forecast, 2016 - 2027
8.2.2 Market estimates and forecast, by type, 2016 - 2027
8.2.3 Market estimates and forecast, by organization size, 2016 - 2027
8.2.4 Market estimates and forecast, by application, 2016 - 2027
8.2.5 U.S.
8.2.5.1 Market estimates and forecast, 2016 - 2027
8.2.5.2 Market estimates and forecast, by type, 2016 - 2027
8.2.5.3 Market estimates and forecast, by organization size, 2016 - 2027
8.2.5.4 Market estimates and forecast, by application, 2016 - 2027
8.2.6 Canada
8.2.6.1 Market estimates and forecast, 2016 - 2027
8.2.6.2 Market estimates and forecast, by type, 2016 - 2027
8.2.6.3 Market estimates and forecast, by organization size, 2016 - 2027
8.2.6.4 Market estimates and forecast, by application, 2016 - 2027
8.3 Europe
8.3.1 Market estimates and forecast, 2016 - 2027
8.3.2 Market estimates and forecast, by type, 2016 - 2027
8.3.3 Market estimates and forecast, by organization size, 2016 - 2027
8.3.4 Market estimates and forecast, by application, 2016 - 2027
8.3.5 UK
8.3.5.1 Market estimates and forecast, 2016 - 2027
8.3.5.2 Market estimates and forecast, by type, 2016 - 2027
8.3.5.3 Market estimates and forecast, by organization size, 2016 - 2027
8.3.5.4 Market estimates and forecast, by application, 2016 - 2027
8.3.6 Germany
8.3.6.1 Market estimates and forecast, 2016 - 2027
8.3.6.2 Market estimates and forecast, by type, 2016 - 2027
8.3.6.3 Market estimates and forecast, by organization size, 2016 - 2027
8.3.6.4 Market estimates and forecast, by application, 2016 - 2027
8.3.7 France
8.3.7.1 Market estimates and forecast, 2016 - 2027
8.3.7.2 Market estimates and forecast, by type, 2016 - 2027
8.3.7.3 Market estimates and forecast, by organization size, 2016 - 2027
8.3.7.4 Market estimates and forecast, by application, 2016 - 2027
8.3.8 Italy
8.3.8.1 Market estimates and forecast, 2016 - 2027
8.3.8.2 Market estimates and forecast, by type, 2016 - 2027
8.3.8.3 Market estimates and forecast, by organization size, 2016 - 2027
8.3.8.4 Market estimates and forecast, by application, 2016 - 2027
8.3.9 Spain
8.3.9.1 Market estimates and forecast, 2016 - 2027
8.3.9.2 Market estimates and forecast, by type, 2016 - 2027
8.3.9.3 Market estimates and forecast, by organization size, 2016 - 2027
8.3.9.4 Market estimates and forecast, by application, 2016 - 2027
8.3.10 Netherlands
8.3.10.1 Market estimates and forecast, 2016 - 2027
8.3.10.2 Market estimates and forecast, by type, 2016 - 2027
8.3.10.3 Market estimates and forecast, by organization size, 2016 - 2027
8.3.10.4 Market estimates and forecast, by application, 2016 - 2027
8.4 Asia Pacific
8.4.1 Market estimates and forecast, 2016 - 2027
8.4.2 Market estimates and forecast, by type, 2016 - 2027
8.4.3 Market estimates and forecast, by organization size, 2016 - 2027
8.4.4 Market estimates and forecast, by application, 2016 - 2027
8.4.5 China
8.4.5.1 Market estimates and forecast, 2016 - 2027
8.4.5.2 Market estimates and forecast, by type, 2016 - 2027
8.4.5.3 Market estimates and forecast, by organization size, 2016 - 2027
8.4.5.4 Market estimates and forecast, by application, 2016 - 2027
8.4.6 India
8.4.6.1 Market estimates and forecast, 2016 - 2027
8.4.6.2 Market estimates and forecast, by type, 2016 - 2027
8.4.6.3 Market estimates and forecast, by organization size, 2016 - 2027
8.4.6.4 Market estimates and forecast, by application, 2016 - 2027
8.4.7 Japan
8.4.7.1 Market estimates and forecast, 2016 - 2027
8.4.7.2 Market estimates and forecast, by type, 2016 - 2027
8.4.7.3 Market estimates and forecast, by organization size, 2016 - 2027
8.4.7.4 Market estimates and forecast, by application, 2016 - 2027
8.4.8 South Korea
8.4.8.1 Market estimates and forecast, 2016 - 2027
8.4.8.2 Market estimates and forecast, by type, 2016 - 2027
8.4.8.3 Market estimates and forecast, by organization size, 2016 - 2027
8.4.8.4 Market estimates and forecast, by application, 2016 - 2027
8.4.9 Australia & New Zealand (ANZ)
8.4.9.1 Market estimates and forecast, 2016 - 2027
8.4.9.2 Market estimates and forecast, by type, 2016 - 2027
8.4.9.3 Market estimates and forecast, by organization size, 2016 - 2027
8.4.9.4 Market estimates and forecast, by application, 2016 - 2027
8.4.10 Singapore
8.4.10.1 Market estimates and forecast, 2016 - 2027
8.4.10.2 Market estimates and forecast, by type, 2016 - 2027
8.4.10.3 Market estimates and forecast, by organization size, 2016 - 2027
8.4.10.4 Market estimates and forecast, by application, 2016 - 2027
8.5 Latin America
8.5.1 Market estimates and forecast, 2016 - 2027
8.5.2 Market estimates and forecast, by type, 2016 - 2027
8.5.3 Market estimates and forecast, by organization size, 2016 - 2027
8.5.4 Market estimates and forecast, by application, 2016 - 2027
8.5.5 Mexico
8.5.5.1 Market estimates and forecast, 2016 - 2027
8.5.5.2 Market estimates and forecast, by type, 2016 - 2027
8.5.5.3 Market estimates and forecast, by organization size, 2016 - 2027
8.5.5.4 Market estimates and forecast, by application, 2016 - 2027
8.5.6 Colombia
8.5.6.1 Market estimates and forecast, 2016 - 2027
8.5.6.2 Market estimates and forecast, by type, 2016 - 2027
8.5.6.3 Market estimates and forecast, by organization size, 2016 - 2027
8.5.6.4 Market estimates and forecast, by application, 2016 - 2027
8.5.7 Brazil
8.5.7.1 Market estimates and forecast, 2016 - 2027
8.5.7.2 Market estimates and forecast, by type, 2016 - 2027
8.5.7.3 Market estimates and forecast, by organization size, 2016 - 2027
8.5.7.4 Market estimates and forecast, by application, 2016 - 2027
8.5.8 Argentina
8.5.8.1 Market estimates and forecast, 2016 - 2027
8.5.8.2 Market estimates and forecast, by type, 2016 - 2027
8.5.8.3 Market estimates and forecast, by organization size, 2016 - 2027
8.5.8.4 Market estimates and forecast, by application, 2016 - 2027
8.6 MEA
8.6.1 Market estimates and forecast, 2016 - 2027
8.6.2 Market estimates and forecast, by type, 2016 - 2027
8.6.3 Market estimates and forecast, by organization size, 2016 - 2027
8.6.4 Market estimates and forecast, by application, 2016 - 2027
8.6.5 UAE
8.6.5.1 Market estimates and forecast, 2016 - 2027
8.6.5.2 Market estimates and forecast, by type, 2016 - 2027
8.6.5.3 Market estimates and forecast, by organization size, 2016 - 2027
8.6.5.4 Market estimates and forecast, by application, 2016 - 2027
8.6.6 Saudi Arabia
8.6.6.1 Market estimates and forecast, 2016 - 2027
8.6.6.2 Market estimates and forecast, by type, 2016 - 2027
8.6.6.3 Market estimates and forecast, by organization size, 2016 - 2027
8.6.6.4 Market estimates and forecast, by application, 2016 - 2027
8.6.7 South Africa
8.6.7.1 Market estimates and forecast, 2016 - 2027
8.6.7.2 Market estimates and forecast, by type, 2016 - 2027
8.6.7.3 Market estimates and forecast, by organization size, 2016 - 2027
8.6.7.4 Market estimates and forecast, by application, 2016 - 2027
8.6.8 Israel
8.6.8.1 Market estimates and forecast, 2016 - 2027
8.6.8.2 Market estimates and forecast, by type, 2016 - 2027
8.6.8.3 Market estimates and forecast, by organization size, 2016 - 2027
8.6.8.4 Market estimates and forecast, by application, 2016 - 2027
Chapter 9 Company Profiles
9.1 2Checkout.com, Inc.
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Go-to-Market Strategy
9.1.5 SWOT Analysis
9.2 Adyen N.V.
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Go-to-Market Strategy
9.2.5 SWOT Analysis
9.3 Allied Wallet, Inc.
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 Go-to-Market Strategy
9.3.5 SWOT Analysis
9.4 Amazon.com. Inc.
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 Go-to-Market Strategy
9.4.5 SWOT Analysis
9.5 Authorize.Net
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 Go-to-Market Strategy
9.5.5 SWOT Analysis
9.6 Bitpay, Inc.
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Go-to-Market Strategy
9.6.5 SWOT Analysis
9.7 BluePay (Clover)
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Go-to-Market Strategy
9.7.5 SWOT Analysis
9.8 BlueSnap Inc.
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 Go-to-Market Strategy
9.8.5 SWOT Analysis
9.9 Braintree
9.9.1 Business Overview
9.9.2 Financial Data
9.9.3 Product Landscape
9.9.4 Go-to-Market Strategy
9.9.5 SWOT Analysis
9.10 CardStream Limited
9.10.1 Business Overview
9.10.2 Financial Data
9.10.3 Product Landscape
9.10.4 Go-to-Market Strategy
9.10.5 SWOT Analysis
9.11 Dwolla, Inc.
9.11.1 Business Overview
9.11.2 Financial Data
9.11.3 Product Landscape
9.11.4 Go-to-Market Strategy
9.11.5 SWOT Analysis
9.12 Payline Data Services LLC
9.12.1 Business Overview
9.12.2 Financial Data
9.12.3 Product Landscape
9.12.4 Go-to-Market Strategy
9.12.5 SWOT Analysis
9.13 Payoneer Inc.
9.13.1 Business Overview
9.13.2 Financial Data
9.13.3 Product Landscape
9.13.4 Go-to-Market Strategy
9.13.5 SWOT Analysis
9.14 PayPal Holdings Inc.
9.14.1 Business Overview
9.14.2 Financial Data
9.14.3 Product Landscape
9.14.4 Go-to-Market Strategy
9.14.5 SWOT Analysis
9.15 PayU Group
9.15.1 Business Overview
9.15.2 Financial Data
9.15.3 Product Landscape
9.15.4 Go-to-Market Strategy
9.15.5 SWOT Analysis
9.16 SecurionPay (Online Payments Group Ltd)
9.16.1 Business Overview
9.16.2 Financial Data
9.16.3 Product Landscape
9.16.4 Go-to-Market Strategy
9.16.5 SWOT Analysis
9.17 Skrill Limited
9.17.1 Business Overview
9.17.2 Financial Data
9.17.3 Product Landscape
9.17.4 Go-to-Market Strategy
9.17.5 SWOT Analysis
9.18 Square, Inc.
9.18.1 Business Overview
9.18.2 Financial Data
9.18.3 Product Landscape
9.18.4 Go-to-Market Strategy
9.18.5 SWOT Analysis
9.19 Stripe
9.19.1 Business Overview
9.19.2 Financial Data
9.19.3 Product Landscape
9.19.4 Go-to-Market Strategy
9.19.5 SWOT Analysis
9.20 Verifone Holdings Inc.
9.20.1 Business Overview
9.20.2 Financial Data
9.20.3 Product Landscape
9.20.4 Go-to-Market Strategy
9.20.5 SWOT Analysis
9.21 Wepay, Inc.
9.21.1 Business Overview
9.21.2 Financial Data
9.21.3 Product Landscape
9.21.4 Go-to-Market Strategy
9.21.5 SWOT Analysis
9.22 Worldpay, Inc.
9.22.1 Business Overview
9.22.2 Financial Data
9.22.3 Product Landscape
9.22.4 Go-to-Market Strategy
9.22.5 SWOT Analysis

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