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Global E-commerce Payment Industry Market Dynamics & Strategic Insights 2021-2030
An e-commerce payment system facilitates the acceptance of electronic payment for online transactions. Also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increasingly popular due to the widespread use of internet-based shopping and banking. Credit cards remain the most common forms of payment for e-commerce transactions. Online merchants must comply with stringent rules stipulated by the credit and debit card issuers by the bank and financial regulation in the countries where the debit/credit service conducts business.
Global E-commerce Payment Market іѕ ѕеgmеntеd on the bаѕіѕ оf Type (Credit Card, Debit Card, Digital Payment/E-Wallet, and Net Banking); and Industry (Fashion, Electronics & Media, Food & Personal Care, Furniture and Appliances, and Service Industry & Others) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global E-commerce Payment Market wаѕ vаluеd аt UЅD 26,457.8 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 13.6% frоm 2021 tо 2030.
The report on Global E-commerce Payment Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global E-commerce Payment Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global E-commerce Payment Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global E-commerce Payment Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global E-commerce Payment Market.
Market Dynamics:
The rising preference for making online payments due to the availability of several payment methods across the globe is a major factor expected to drive the growth of the global E-commerce payment market. Moreover, the rising adoption of smartphones and the availability of the internet is another factor expected to propel the e-commerce payment market growth. Furthermore, the increasing number of banks and digitalization is a factor expected to fuel the e-commerce payment market during the forecast period.
However, some of the regions are still untapped and are expected to offer huge potential for industry stakeholders of the market. Besides, the e-commerce payment market is largely affected by consumer spending patterns, adoption of digital payment modes by consumers and sellers, expansion of multiple business channels, the growth of mobile devices and merchant applications on those devices, the advancement of consumers globally with Internet and mobile access.
Segmental Analysis:
Among the type segments, the credit card segment is accounted for a major revenue share in the global market, due to due to its ease of use, as the customer just have to enter few details such as the number and expiry date in the required field of the seller’s web page. The digital wallets segment is expected to register the highest CAGR over the forecast period, due to the emergence of online purchases and e-commerce is expected to propel the use of digital wallets over the forecast period. Digital wallets allow users to store various bank account numbers and credit card details in a secure environment
Among the industry segment, the fashion segment is expected to dominate the target market, owing to the rising adoption of online shopping for clothing, jewelry, and accessories across the globe.
Regional Analysis:
Asia Pacific market is expected to account for major revenue share and is expected to register faster growth in terms of revenue in the global market. This is attributed to increasing penetration of the internet as well as high adoption of smartphones and tablets in developing countries such as South Korea, India, Indonesia, and Malaysia among others. Also, the governments' initiatives of emerging economies for improving the banking population thus, providing a better platform to the online payment industry in the region. Recently, shifting consumer preferences to pay online via alternative payment methods such as e-wallets, bank transfers, and credit & debit cards in the Asia Pacific region. The increasing use of these payment methods is expected to significantly contribute towards the growth of payment gateways in the e-commerce industry during the forecast period. These factors are anticipated to further propel the demand for the e-commerce payment market in the APAC region.
Global E-commerce Payment Market Segmentation:
Segmentation by Type:
• Credit Card
• Debit Card
• Digital Payment/E-Wallet
• Net Banking
Segmentation by Industry:
• Fashion
• Electronics & Media
• Food & Personal Care
• Furniture and Appliances
• Service Industry
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Alipay, PayPal Holdings, Inc.
Visa, Inc.
MasterCard Incorporated
Stripe Inc.
American Express Company
Amazon Payments, Inc.
CCBill, LLC
UnionPay International Co., Ltd.
WePay Inc.
Global E-commerce Payment Market іѕ ѕеgmеntеd on the bаѕіѕ оf Type (Credit Card, Debit Card, Digital Payment/E-Wallet, and Net Banking); and Industry (Fashion, Electronics & Media, Food & Personal Care, Furniture and Appliances, and Service Industry & Others) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global E-commerce Payment Market wаѕ vаluеd аt UЅD 26,457.8 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 13.6% frоm 2021 tо 2030.
The report on Global E-commerce Payment Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global E-commerce Payment Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global E-commerce Payment Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global E-commerce Payment Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global E-commerce Payment Market.
Market Dynamics:
The rising preference for making online payments due to the availability of several payment methods across the globe is a major factor expected to drive the growth of the global E-commerce payment market. Moreover, the rising adoption of smartphones and the availability of the internet is another factor expected to propel the e-commerce payment market growth. Furthermore, the increasing number of banks and digitalization is a factor expected to fuel the e-commerce payment market during the forecast period.
However, some of the regions are still untapped and are expected to offer huge potential for industry stakeholders of the market. Besides, the e-commerce payment market is largely affected by consumer spending patterns, adoption of digital payment modes by consumers and sellers, expansion of multiple business channels, the growth of mobile devices and merchant applications on those devices, the advancement of consumers globally with Internet and mobile access.
Segmental Analysis:
Among the type segments, the credit card segment is accounted for a major revenue share in the global market, due to due to its ease of use, as the customer just have to enter few details such as the number and expiry date in the required field of the seller’s web page. The digital wallets segment is expected to register the highest CAGR over the forecast period, due to the emergence of online purchases and e-commerce is expected to propel the use of digital wallets over the forecast period. Digital wallets allow users to store various bank account numbers and credit card details in a secure environment
Among the industry segment, the fashion segment is expected to dominate the target market, owing to the rising adoption of online shopping for clothing, jewelry, and accessories across the globe.
Regional Analysis:
Asia Pacific market is expected to account for major revenue share and is expected to register faster growth in terms of revenue in the global market. This is attributed to increasing penetration of the internet as well as high adoption of smartphones and tablets in developing countries such as South Korea, India, Indonesia, and Malaysia among others. Also, the governments' initiatives of emerging economies for improving the banking population thus, providing a better platform to the online payment industry in the region. Recently, shifting consumer preferences to pay online via alternative payment methods such as e-wallets, bank transfers, and credit & debit cards in the Asia Pacific region. The increasing use of these payment methods is expected to significantly contribute towards the growth of payment gateways in the e-commerce industry during the forecast period. These factors are anticipated to further propel the demand for the e-commerce payment market in the APAC region.
Global E-commerce Payment Market Segmentation:
Segmentation by Type:
• Credit Card
• Debit Card
• Digital Payment/E-Wallet
• Net Banking
Segmentation by Industry:
• Fashion
• Electronics & Media
• Food & Personal Care
• Furniture and Appliances
• Service Industry
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Alipay, PayPal Holdings, Inc.
Visa, Inc.
MasterCard Incorporated
Stripe Inc.
American Express Company
Amazon Payments, Inc.
CCBill, LLC
UnionPay International Co., Ltd.
WePay Inc.
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
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