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Online Payment Processing Software Developers in the US - Industry Market Research Report

Publisher IBISWorld
Published Dec 08, 2024
Length 81 Pages
SKU # IBSS19493674

Description

Online Payment Processing Software Developers in the US - Industry Market Research Report


Online Payment Processing Software Developers in the US

Online payment processing software developers have experienced massive growth over the five years to 2023 as a result of the rapid adoption of online payment platforms by small businesses and growth in peer-to-peer (P2P) payments usage. An increasing percentage of business conducted online has been driven by a combination of organic growth and the COVID-19 pandemic, pressuring companies to invest in online payment technology. Widespread economic growth and growth in consumer spending have bolstered sales for software developers, and revenue has increased an annualized 7.8% to $34.4 billion over the five years to 2023, growing 4.5% in 2023 alone.

This industry comprises establishments primarily engaged in developing online payments processing software. Online payments processing software enables merchants to authorize, settle and manage credit card and electronic check transactions through the internet.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

81 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
How Do Licenses Work?
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