Payment Gateway Market: Demand, Research, and Leading Players Toward 2028

MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Payment Gateway Market Size, Share, Analysis, Forecast 2023-2028.

Payment Gateway Market Analysis and Insights:

The Payment Gateway Market size is estimated to grow at a CAGR of around 20% during the forecast period, i.e., 2023-28.

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Payment Gateway Market Dynamics

Growth Opportunity: Intensifying Financial Inclusion worldwide

A considerable rural and pastoral population is yet to benefit from online transactions or even traditional banking. Citing this, developmental sectors and the government has recognized the need to provide financial services to the people living in rural and remote locations. Since the lack of digital literacy is a barrier to providing connectivity and promoting financial inclusion, various governments are aiding in digitalizing and bringing resources and services to the rural sector. Here, digital payments are essential as people can open a bank account and transact through their smartphones. The introduction of digital wallets also allures people to turn towards digital banking. This increasing adoption of banking accounts and digital wallets provides a growth opportunity for the industry.

Payment Gateway Market Report Segmentation:

The report has segmented the market into the following categories:

By Type

-Hosted

-Self-hosted

-Bank integrated

By Enterprise Size

-Small & Medium Enterprise

-Large Enterprise

By End-Users

-Retail

-Travel

-Hospitality

-Healthcare

-Education

-Government

-Utilities

-Others

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Market Divided by Region/Country:

By Region

-North America

-South America

-Europe

-Asia-Pacific

-Middle East & Africa

Who are the top Companies in the Payment Gateway Market?

PayPal Holdings, Stripe, Inc, Adyen N.V., Inc, Amazon Pay, Square, Inc, Skrill limited, PayU group, Ingenico Group, Alipay.com Co Ltd, Paytm Mobile Solutions Pvt. Ltd, Others

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.