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Payment Gateway Market Share

Report ID: GMI5077
Published Date: Oct 2024
Report Format: PDF

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Payment Gateway Market Share

The payment gateway industry features a diverse range of competitors, including established financial institutions and innovative fintech startups. Major companies such as PayPal, Authorize. Net, and Adyen lead the market, using their extensive technology infrastructure, brand recognition, and large customer bases to provide comprehensive payment solutions, And top seven companies collectively held a substantial market share of 27% in the payment gateway market in 2023.

PayPal service enables users to securely transfer money using email or a mobile application. PayPal also offers different payment gateway solutions for various market segments. These include PayPal Payments Standard, which allows merchants to easily accept payments on their websites, and PayPal Payments Pro, which provides more advanced features such as customizable checkout options and support for recurring payments.

Adyen's platform includes powerful analytics tools that offer businesses valuable insights into their transactions. Additionally, the company implements advanced fraud protection measures to ensure transaction security. Adyen's services are designed to be scalable and easily integrated, making them suitable for a wide variety of global businesses.

Payment Gateway Market Companies

Major players operating in the payment gateway industry are:

Adyen
Amazon
Authorize
Braintree
Payoneer
PayPal
Skrill
Square
Stripe
Verifone

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for payment gateway reached USD 29.4 billion in 2023 and is set to grow at a 19.5% CAGR from 2024 to 2032, driven by the rapid growth of e-commerce sales.

The large enterprise segment held 65.5% of the market share in 2023, as these enterprises require seamless integration with ERP and CRM systems to streamline financial processes.

The U.S. market held over 65% of the revenue share in 2023, with increasing adoption of artificial intelligence to enhance fraud detection and streamline transactions.

Major players in the industry include Adyen, Amazon, Authorize, Braintree, Payoneer, PayPal, Skrill, Square, Stripe, and Verifone.