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    Online Payment Gateway Market

    ID: 4886
    108 Pages
    Research Team
    05/2023

    Online Payment Gateway Market Research Report Information By Type (Hosted Payment Gateways, API/Non-Hosted Payment Gateways, Pro/Self Hosted Payment Gateways, Local Bank Integrates, Direct Payment Gateways, and Platform-Based Payment Gateway Solution), By Application (Micro & Small Enterprise, Mid-size Enterprise and Large Enterprise), By Industry Vertical and By Region (North America, Euro...

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    Market Summary

    Research Methodology on Online Payment Gateway Market


    The research methodology adopted for this study is a combination of secondary and primary research. To perform an extensive analysis of the global online payment gateway market, secondary sources such as existing databases, press releases, company websites and annual reports were consulted. Additionally, data and facts were collected from renowned sources such as textbooks, statistical publications, encyclopedias, and industry journals.


    Secondary Research


    To understand and assess the demand and supply side trends in the global online payment gateway market, the authors have done extensive secondary research. The sources for the secondary data include market reports, trade journals, corporate websites, and the association's trade website. Extensive research was done to understand the trends, future prospects, and market complexities in the online payment gateway market. Pre-existing data sources were verified for their accuracy, which helped in validating our conclusions. The secondary research also helped in understanding the market dynamics and the history of the payment gateway market. To ensure that reliable, comprehensive, and high-quality information was obtained, a multitude of resources were integrated together.


    Primary Research


    For the primary research, various methods and approaches were employed. One of the approaches used was conducting qualitative and quantitative research and analysis with both market survey and market analysis components. It involves interviews of influential participants, opinion leaders, market analysts, vendors, experts, and potential customers which were conducted by telephone as well as in-person. Secondary research such as trade journals, websites, and corporate publications was also conducted to supplement the primary research. These primary and secondary research activities resulted in a comprehensive understanding of the current market state for online payment gateways.


    Bottom-Up and Top-Down Approaches


    The bottom-up approach was the key focus of this research study. This approach was used to reconcile the total market size estimated using different approaches. For the bottom-up approach, data was collected from major companies in the online payment gateway industry and then the total market size was estimated by summing up all the collected data.
    The top-down approach was also used while devising the market estimates and sizing. This approach enabled the authors to split the global market size into various segments, such as end-user, region, and application, thus enabling further triangulation of the data.


    Factor Analysis


    In this research study, factor analysis was used to estimate the market data associated with the major industry players. It was conducted to finalize and validate market figures. Furthermore, the factor analysis helps in identifying and studying the key factors driving and restraining the growth of the online payment gateway market.


    Time Series Analysis


    Time-series analysis provided an in-depth understanding of the demand dynamics and market behaviour concerning various price points and production levels. Time-series analysis was conducted by analyzing the data collected at regular time intervals, such as weekly, monthly, or annual basis, on a specific product or industry. This enabled the authors to estimate the past, current, and future trends of the global online payment gateway market.


    Data Triangulation


    Data triangulation is the method used to validate and establish consensus on the market size and revenue for the noted markets. This includes both the supply and demand side data triangulation techniques. Supply-side data triangulation includes identifying the key players in the market and assessing their product portfolios and market share. Demand-side data triangulation involves collecting data from the end customers and analyzing their demands and preferences for the products and services of different vendors.


    Outcome


    The research methodology employed in this research study provided a comprehensive understanding of the online payment gateway market and its market forecast from 2023 to 2030. The study enabled the authors to understand the exact size of the market, the dynamics influencing the different segments of the market, prominent players in the market, and the future outlook for the global online payment gateway industry.

    Market Size & Forecast

    Report Attribute/Metric Details
    Market Size 2023 USD 30,748.1 Million
    Market Size 2024 USD 34222.63 Million
    Market Size 2032 USD 80,759.7 Million
    Compound Annual Growth Rate (CAGR) 11.33% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018-2021
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Application, and Industry Vertical.
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil
    Key Companies Profiled PayPal Holdings, Inc., Authorize.Net, Stripe, Inc, Verifone, Amazon Pay, PaySimple, BlueSnap Inc., Global Payments Inc., WorldPay by FIS, CCBILL, LLC., Fiserv, Inc, and Infibeam Avenues
    Key Market Opportunities Growing use of smartphones for online payments
    Key Market Dynamics Increasing digital payment transactions in e-commerce and M-commerce Need for user-friendly methods for online payment and reservations.

    Major Players

    Online Payment Gateway Market Segmentation

    Global Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

    • Hosted Payment Gateways

    • API/Non-Hosted Payment Gateways

    • Pro/Self Hosted Payment Gateways

    • Local Bank Integrates

    • Direct Payment Gateways

    • Platform-Based Payment Gateway Solution

    Global Online Payment Gateway, By Application Outlook (USD Million, 2018-2032)

    • Micro & Small Enterprise

    • Mid-size Enterprise

    • Large Enterprise

    Global Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

    • BFSI

    • Retail & E-Commerce

    • Media & Entertainment

    • Travel & Hospitality

    • Others

    Global Online Payment Gateway Regional Outlook (USD Million, 2018-2032)

    • North America Outlook (USD Million, 2018-2032)

    • North America Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

      • Hosted Payment Gateways

      • API/Non-Hosted Payment Gateways

      • Pro/Self Hosted Payment Gateways

      • Local Bank Integrates

      • Direct Payment Gateways

      • Platform-Based Payment Gateway Solution

    • North America Online Payment Gateway, By Application (USD Million, 2018-2032)

      • Micro & Small Enterprise

      • Mid-size Enterprise

      • Large Enterprise

    • North America Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

      • BFSI

      • Retail & E-Commerce

      • Media & Entertainment

      • Travel & Hospitality

      • Others

     

      • US Outlook (USD Million, 2018-2032)

      • US Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • US Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • US Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

      • Canada Outlook (USD Million, 2018-2032)

      • Canada Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • Canada Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • Canada Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

      • Mexico Outlook (USD Million, 2018-2032)

      • Mexico Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • Mexico Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • Mexico Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

     

    • Europe Outlook (USD Million, 2018-2032)

    • Europe Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

      • Hosted Payment Gateways

      • API/Non-Hosted Payment Gateways

      • Pro/Self Hosted Payment Gateways

      • Local Bank Integrates

      • Direct Payment Gateways

      • Platform-Based Payment Gateway Solution

    • Europe Online Payment Gateway, By Application (USD Million, 2018-2032)

      • Micro & Small Enterprise

      • Mid-size Enterprise

      • Large Enterprise

    • Europe Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

      • BFSI

      • Retail & E-Commerce

      • Media & Entertainment

      • Travel & Hospitality

      • Others

     

      • Germany Outlook (USD Million, 2018-2032)

      • Germany Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • Germany Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • Germany Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

     

      • France Outlook (USD Million, 2018-2032)

      • France Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • France Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • France Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

     

      • UK Outlook (USD Million, 2018-2032)

      • UK Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • UK Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • UK Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

     

      • Rest of Europe Outlook (USD Million, 2018-2032)

      • Rest of Europe Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • Rest of Europe Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • Rest of Europe Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

    • Asia-Pacific Outlook (USD Million, 2018-2032)

    • Asia-Pacific Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

      • Hosted Payment Gateways

      • API/Non-Hosted Payment Gateways

      • Pro/Self Hosted Payment Gateways

      • Local Bank Integrates

      • Direct Payment Gateways

      • Platform-Based Payment Gateway Solution

    • Asia-Pacific Online Payment Gateway, By Application (USD Million, 2018-2032)

      • Micro & Small Enterprise

      • Mid-size Enterprise

      • Large Enterprise

    • Asia-Pacific Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

      • BFSI

      • Retail & E-Commerce

      • Media & Entertainment

      • Travel & Hospitality

      • Others

     

      • China Outlook (USD Million, 2018-2032)

      • China Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • China Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • China Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

     

      • India Outlook (USD Million, 2018-2032)

      • India Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • India Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • India Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

     

      • Japan Outlook (USD Million, 2018-2032)

      • Japan Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • Japan Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • Japan Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

     

      • Rest of Asia-Pacific Outlook (USD Million, 2018-2032)

      • Rest of Asia-Pacific Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • Rest of Asia-Pacific Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • Rest of Asia-Pacific Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

     

    • Rest of the World Outlook (USD Million, 2018-2032)

    • Rest of the World Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

      • Hosted Payment Gateways

      • API/Non-Hosted Payment Gateways

      • Pro/Self Hosted Payment Gateways

      • Local Bank Integrates

      • Direct Payment Gateways

      • Platform-Based Payment Gateway Solution

    • Rest of the World Online Payment Gateway, By Application (USD Million, 2018-2032)

      • Micro & Small Enterprise

      • Mid-size Enterprise

      • Large Enterprise

    • Rest of the World Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

      • BFSI

      • Retail & E-Commerce

      • Media & Entertainment

      • Travel & Hospitality

      • Others

     

      • Middle East & Africa Outlook (USD Million, 2018-2032)

      • Middle East & Africa Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • Middle East & Africa Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • Middle East & Africa Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

     

      • South America Outlook (USD Million, 2018-2032)

      • South America Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways

        • API/Non-Hosted Payment Gateways

        • Pro/Self Hosted Payment Gateways

        • Local Bank Integrates

        • Direct Payment Gateways

        • Platform-Based Payment Gateway Solution

      • South America Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise

        • Mid-size Enterprise

        • Large Enterprise

      • South America Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI

        • Retail & E-Commerce

        • Media & Entertainment

        • Travel & Hospitality

        • Others

     

     

    Market Trends

    Online Payment Gateway Market Overview

    The Online Payment Gateway Market is projected to grow from USD 34222.63 million in 2024 to USD 80759.7 million by 2032, exhibiting a compound annual growth rate (CAGR) of 11.33% during the forecast period (2024 - 2032). Additionally, the market size for online payment gateway was valued at USD 30748.1 million in 2023.

    Online payment gateway enables transfer of information between front end processor, for instance, bank and payment portal such as website and mobile apps. The payment gateways ensure proper transaction with considering all aspect to facilitate the safe and secure transaction.

    Figure 1: Online Payment Gateway Market Size, 2023-2032 (USD Billion)

    Online Payment Gateway Market Overview 2024

     Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Online Payment Gateway Market Driver

    Increasing digital payment transactions in e-commerce and M-commerce

    The advent of e-commerce is transforming the retail business landscape. The start-up firms are capturing new opportunities in the electronic marketplace through innovative business models. The established firms are looking to transform their old business model...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Online Payment Gateway Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Online Payment Gateway Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 30,748.1 Million
    Market Size 2024 USD 34222.63 Million
    Market Size 2032 USD 80,759.7 Million
    Compound Annual Growth Rate (CAGR) 11.33% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018-2021
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Application, and Industry Vertical.
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil
    Key Companies Profiled PayPal Holdings, Inc., Authorize.Net, Stripe, Inc, Verifone, Amazon Pay, PaySimple, BlueSnap Inc., Global Payments Inc., WorldPay by FIS, CCBILL, LLC., Fiserv, Inc, and Infibeam Avenues
    Key Market Opportunities Growing use of smartphones for online payments
    Key Market Dynamics Increasing digital payment transactions in e-commerce and M-commerce Need for user-friendly methods for online payment and reservations.

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    Latest Comments

    John Doe
    john@example.com

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
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    jane@domain.com

    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM
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    FAQs

    Why is the online payment gateway market projected to expand exponentially?

    Increasing support by governments extended to cashless economy is poised to drive the expansion of the online payment gateway market.

    At what CAGR is the online payment gateway market expected to register expansion?

    The online payment gateway market is poised to mark 12.8% CAGR.

    How much is the valuation of the online payment gateway market expected to rise?

    The valuation of the online payment gateway market is expected to rise from USD 61.8 Bn in 2017 to USD 124.64 Bn by 2023.

    Which players are operating in this market?

    The players operating in the online payment gateway market are First Data Corp. (U.S.), Amazon.com, Inc. (U.S.), Adyen NV (Netherlands), CASHU (UAE), GMO Payment Gateway, Inc. (Japan), Stripe (U.S.), Verizon Communications, Inc. (U.S.), 2Checkout.com, Inc. (U.S.), Alibaba Group Holding Ltd. (China), Visa, Inc. (U.S.), Tencent Holdings Ltd. (China), CCBill, LLC (U.S.), SecurePay Pty Ltd. (Australia), Global Payments, Inc. (US), Naspers Ltd. (South Africa), PayPal Holdings, Inc. (U.S.), Worldpay, Inc. (U.S.), and Wirecard AG (Germany).

    At what CAGR is the platform-based payment gateway segment expected to expand?

    The platform-based payment gateway segment is poised to mark 13.7% CAGR.

    At what CAGR is the large enterprise segment expected to expand?

    The large enterprise segment is projected to strike 12.8% CAGR.

    At what CAGR is Europe expected to expand?

    Europe is anticipated to register 13.1% CAGR.

    1. GLOBAL ONLINE PAYMENT GATEWAY MARKET, BY COUNTRY, 2018–2032 (USD MILLION)
    2. AMAZON.COM, INC: KEY DEVELOPMENTS 65
    3. GLOBAL ONLINE PAYMENT GATEWAY MARKET, BY COUNTRY, MARKET SHARE 2022 (%) 39
    4. FISERV, INC: FINANCIAL OVERVIEW SNAPSHOT 80
    5. INFIBEAM AVENUES: SWOT ANALYSIS 83'

    Online Payment Gateway Market Segmentation

    Global Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

    • Hosted Payment Gateways
    • API/Non-Hosted Payment Gateways
    • Pro/Self Hosted Payment Gateways
    • Local Bank Integrates
    • Direct Payment Gateways
    • Platform-Based Payment Gateway Solution

    Global Online Payment Gateway, By Application Outlook (USD Million, 2018-2032)

    • Micro & Small Enterprise
    • Mid-size Enterprise
    • Large Enterprise

    Global Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

    • BFSI
    • Retail & E-Commerce
    • Media & Entertainment
    • Travel & Hospitality
    • Others

    Global Online Payment Gateway Regional Outlook (USD Million, 2018-2032)

    • North America Outlook (USD Million, 2018-2032)

    • North America Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

      • Hosted Payment Gateways
      • API/Non-Hosted Payment Gateways
      • Pro/Self Hosted Payment Gateways
      • Local Bank Integrates
      • Direct Payment Gateways
      • Platform-Based Payment Gateway Solution

    • North America Online Payment Gateway, By Application (USD Million, 2018-2032)

      • Micro & Small Enterprise
      • Mid-size Enterprise
      • Large Enterprise

    • North America Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

      • BFSI
      • Retail & E-Commerce
      • Media & Entertainment
      • Travel & Hospitality
      • Others

     

      • US Outlook (USD Million, 2018-2032)

      • US Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • US Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • US Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

      • Canada Outlook (USD Million, 2018-2032)

      • Canada Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • Canada Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • Canada Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

      • Mexico Outlook (USD Million, 2018-2032)

      • Mexico Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • Mexico Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • Mexico Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

     

    • Europe Outlook (USD Million, 2018-2032)

    • Europe Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

      • Hosted Payment Gateways
      • API/Non-Hosted Payment Gateways
      • Pro/Self Hosted Payment Gateways
      • Local Bank Integrates
      • Direct Payment Gateways
      • Platform-Based Payment Gateway Solution

    • Europe Online Payment Gateway, By Application (USD Million, 2018-2032)

      • Micro & Small Enterprise
      • Mid-size Enterprise
      • Large Enterprise

    • Europe Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

      • BFSI
      • Retail & E-Commerce
      • Media & Entertainment
      • Travel & Hospitality
      • Others

     

      • Germany Outlook (USD Million, 2018-2032)

      • Germany Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • Germany Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • Germany Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

     

      • France Outlook (USD Million, 2018-2032)

      • France Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • France Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • France Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

     

      • UK Outlook (USD Million, 2018-2032)

      • UK Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • UK Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • UK Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

     

      • Rest of Europe Outlook (USD Million, 2018-2032)

      • Rest of Europe Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • Rest of Europe Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • Rest of Europe Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

    • Asia-Pacific Outlook (USD Million, 2018-2032)

    • Asia-Pacific Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

      • Hosted Payment Gateways
      • API/Non-Hosted Payment Gateways
      • Pro/Self Hosted Payment Gateways
      • Local Bank Integrates
      • Direct Payment Gateways
      • Platform-Based Payment Gateway Solution

    • Asia-Pacific Online Payment Gateway, By Application (USD Million, 2018-2032)

      • Micro & Small Enterprise
      • Mid-size Enterprise
      • Large Enterprise

    • Asia-Pacific Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

      • BFSI
      • Retail & E-Commerce
      • Media & Entertainment
      • Travel & Hospitality
      • Others

     

      • China Outlook (USD Million, 2018-2032)

      • China Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • China Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • China Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

     

      • India Outlook (USD Million, 2018-2032)

      • India Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • India Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • India Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

     

      • Japan Outlook (USD Million, 2018-2032)

      • Japan Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • Japan Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • Japan Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

     

      • Rest of Asia-Pacific Outlook (USD Million, 2018-2032)

      • Rest of Asia-Pacific Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • Rest of Asia-Pacific Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • Rest of Asia-Pacific Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

     

    • Rest of the World Outlook (USD Million, 2018-2032)

    • Rest of the World Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

      • Hosted Payment Gateways
      • API/Non-Hosted Payment Gateways
      • Pro/Self Hosted Payment Gateways
      • Local Bank Integrates
      • Direct Payment Gateways
      • Platform-Based Payment Gateway Solution

    • Rest of the World Online Payment Gateway, By Application (USD Million, 2018-2032)

      • Micro & Small Enterprise
      • Mid-size Enterprise
      • Large Enterprise

    • Rest of the World Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

      • BFSI
      • Retail & E-Commerce
      • Media & Entertainment
      • Travel & Hospitality
      • Others

     

      • Middle East & Africa Outlook (USD Million, 2018-2032)

      • Middle East & Africa Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • Middle East & Africa Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • Middle East & Africa Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

     

      • South America Outlook (USD Million, 2018-2032)

      • South America Online Payment Gateway, By Type Outlook (USD Million, 2018-2032)

        • Hosted Payment Gateways
        • API/Non-Hosted Payment Gateways
        • Pro/Self Hosted Payment Gateways
        • Local Bank Integrates
        • Direct Payment Gateways
        • Platform-Based Payment Gateway Solution

      • South America Online Payment Gateway, By Application (USD Million, 2018-2032)

        • Micro & Small Enterprise
        • Mid-size Enterprise
        • Large Enterprise

      • South America Online Payment Gateway, By Industry Outlook (USD Million, 2018-2032)

        • BFSI
        • Retail & E-Commerce
        • Media & Entertainment
        • Travel & Hospitality
        • Others

     

     

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