Market HighlightsMarket Research Future (MRFR) has announced a new release on the global online payment gateway market. The report looks into all aspects of the global online payment gateway market in order to present a comprehensive look at the growth prospects of the market over the 2018-2023 forecast period. According to the report, the global online payment gateway market is expected to rise at a strong 12.8% CAGR over the 2018-2023 forecast period.
Online payment gateways have become increasingly important over the last few years as online payments have become the more popular mode of making payments all over the world. Increasing availability of the Internet and the increasing number of online shopping channels have led to a proliferation in online payments, driving the global online payment gateway market. Online payment gateways act as a middleman between customers and online stores, facilitating the online transaction of payments, and thus carry significant importance in today’s ecommerce-crazy world. The growth in online shopping channels is likely to drive the global online payment gateway market over the forecast period.
Many nationalized and private banks have also decided to jump into the fray with their own offerings in the online payment gateway market. This has the potential to revolutionize the global online payment gateway market, as banks can offer data security at a level that other enterprises cannot offer, which takes care of the most important issue holding back online payment gateways at present. Bank-sponsored online payment gateways are thus likely to be a crucial part of the global online payment gateway market over the coming years and drive the global market at a handsome rate.
Segmentation:
The global [FURL=https://www.marketresearchfuture.com/reports/online-payment-gateway-market-6347/]online payment gateway market share[/FURL] has been segmented on the basis of type and application.
On the basis of type, the global online payment gateway market is segmented into platform-based gateway solutions, local bank integrates, pro/self-hosted payment gateways, and others.
On the basis of application, the global online payment gateway market has been segmented into micro & small enterprises, mid-size enterprises, and large enterprises.