Online Payment Gateway Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Albany, NY -- (SBWIRE) -- 03/16/2019 -- The government organization around the globe are supporting digital transaction system and this in further leads to support growth of the credit and debit card infrastructure such as online payment gateway market. Increasing usage of credit and debit cards for shopping are another factors stimulating growth of the global online payment gateway market in the near future.
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On the other hand, security related concern may likely to hinder the climb of online payment gateway market in coming years. In online payment method the enterprise and customers need to share their banking and cards details to the online payment companies to proceed for the transaction. While sharing the detail bank information is likely to lead security related issues. For instance, the mass cyber security theft happened in the central bank of Bangladesh. These are few key factors negatively impacting growth of the global online payment gateway market in coming years.
The report provides comprehensive analysis about the key players operating in the global online payment gateway market. Along with that the segmental and regional analysis of this market is also included in the research report. The report also offers changing competitive landscape of the global online payment gateway market.
The one of the key factors stimulating growth of global online payment gateway market is rapid extension of large enterprise with online service. The growing popularity of Mobile-commerce is one of the key trend supporting growth of global online payment gateway market during the course of forecast period. Attractive online offers and time saving shopping with easy mode of payment are few factors positively supporting growth of global market in the foreseeable future. In addition, decline in number of ATM branches in Taiwan, China, Thailand, Malaysia, Hong Kong and Philippines owing to increase in usage of net banking and rising usage of cards is another factor boosting growth of global online payment gateway market too.
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From a geographical point of view, North America is likely to dominate the global online payment gateway market. The increasing reliance on the electronic mode of payment for numerous online modes of shopping is triggering growth of the North America online payment gateway market in coming years. Moreover, the online transaction gateway provides safe and secure payment and this is one of the key factor fueling growth in the North America. Other region such as Asia Pacific is emerging economies and likely to offers a promising growth opportunities in this market owing to growing dependence of small and large manufacturers for the online method of payment to boost market growth. In addition, the emerging and developing countries like India and China will likely to register significant market growth, as the small and large vendors are using online platform to sale their products and growing internet penetration are another factors driving growth of the global online payment gateway market.