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Payment Gateway Market Size
- Report ID: GMI5077
- Published Date: Dec 2022
- Report Format: PDF
Payment Gateway Market Size
Payment Gateway Market size valued at USD 27 billion in 2022 and is set to depict over 23% CAGR from 2023 to 2032. Growing internet access and the shifting preference toward e-commerce services will drive market growth
The rapid IT growth and the subsequent rise in cyber threats have, however, raised the alarm of global organizations. Based on a NITI Aayog report, in 2020, malware, phishing, denial of services, and other cyberattacks impacted more than 50% of the organizations in India. Since these attacks can lead to financial losses and business interruptions, the reliance on online services may decline, creating a hindrance to payment gateway market expansion. Despite these challenges, the increasing internet penetration and consumer inclination toward online shopping will create lucrative scope for payment gateway service providers.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Payment Gateway Market Size in 2022: | USD 27 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 23% |
| 2032 Value Projection: | USD 160 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 303 |
| Segments covered: | Type, Organization Size, Application, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Payment Gateway Market Scope
