Global Payment Gateways Market - 13.79% CAGR Growth to 2020

May 16, 2016, 22:00 ET from Sandler Research

PUNE, India, May 17, 2016 /PRNewswire/ --

A key growth driver for payment gateways market is shift towards digital commerce as quite a few companies have begun restructuring their business and revenue strategies by moving from the traditional approach to the digital approach. Traditionally, commerce was restricted to showcase essential product details and simple merchandising. However, it has evolved and diversified. It involves services such as deploying interactive hubs for consumer marketing to handling associated services.

Complete report on payment gateways market spread across 53 pages, analyzing 4 major companies and providing 26 data exhibits is now available at http://www.sandlerresearch.org/global-payment-gateways-market-2016-2020.html

The analysts forecast global payment gateways market to grow at a CAGR of 13.79% during the period 2016-2020. The emergence of mobile wallets is a trend to watch for, as it is expected to drive payment gateways market growth quite significantly. More customers are using e-commerce sites to shop online using tablets or smartphones. This trend will continue as mobile devices are becoming more user-friendly and accessible.

The report covers the present scenario and the growth prospects of the global payment gateways market for 2016-2020. The report considers the total revenue generated from software licenses and subscriptions as well as software integration and maintenance costs to calculate the market size.

The Payment Gateways Market is divided into the Following Segments Based on Geography: Americas, APAC and    EMEA. Global Payment Gateways Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key players in the global payment gateways market: Amazon Payments, CCBill, PayPal, and Stripe. Other prominent vendors in the market are: AsiaPay/PayDollar, MercadoPago, eWAY AU, NAB Transact, e-Path, Merchant Warrior, SecurePay, Moip, PagSeguro, ePay.bg, Beanstream, Moneris, Stripe, Alipay, Tenpay, 99bill, Pagosonline, PayWay, ePay.dk, DIBS, PayPoint, Ogone, Worldline by Atos, SOFORT, NETBANX, Barclaycard ePDQ, Wirecard, Ogone, Worldpay, PayU, CCAvenue, Realex, GestPay, Remise, Epsilon, Paygent, iPay88, MOLPay, CashU, eWay NZ, iDEAL, Klarna, PesoPay, Przelewy24, PayU.pl, PayU.ro, WebMoney, ROBOKASSA, QIWI, Yandex, PayFast, MyGate, VCS, WebCash, ServiRed, Certitrade, Payson, Sage Pay, Cardstream, GoCardless, SecureTrading, eWay.co.uk, BitCoin, and SmsCoin. Order a copy of Global Payment Gateways Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=54183

Further, the report states that one challenge that could adversely impact payment gateways market growth is the threat from open-source payment gateways.

Another related report is Global Residential Gateway Market 2015-2019, which forecasts global residential gateway market to grow at a CAGR of 7.82% over the period 2014-2019. The rise in demand for Internet protocol television (IPTV) is projected to drive the market in the forecast period. IPTV delivers TV services to end-users via the Internet. IPTV service offers various additional features such as multi-screen viewing and bringing features of VoD to TV, which allows a customer to browse through an online program or film catalog among other things.

Key players in the global residential gateway market: Cisco Systems, Comtrend, Huawei Technologies, Pace and ZTE. Other prominent vendors in the market are: Actiontec Electronics, Advanced Digital Broadcast, Alcatel-Lucent, Arris Enterprises, Audio Codes, AVM, Calix, Humax, Sagemcom, Technicolor, Zhone Technologies and ZyXEL Communications. Browse complete report @ http://www.sandlerresearch.org/global-residential-gateway-market-2015-2019.html.

Explore other new reports on Banking & Finance Market @ http://www.sandlerresearch.org/market-research/banking-finance.

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SOURCE Sandler Research