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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.


Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of payment gateway exceeded USD 27 billion in 2022 and is set to depict over 23% CAGR between 2023 and 2032, due to the increasing internet access and preference for e-commerce services.

The non-hosted type segment will reach USD 50 billion by 2032, given the product’s ability to deliver faster transactions, convenience, as well as improve brand images and customer relationships.

Europe market is projected to witness around 22% growth rate from 2023 to 2032, considering the rising government emphasis on digital payment platforms.

t2Checkout.com, Inc., Allied Wallet, Inc., Adyen N.V., Amazon.com. Inc., Bitpay, Inc., Authorize.Net, BluePay (Clover), Braintree, PayPal Holdings Inc., Payoneer Inc., Stripe, Wepay, Inc., and Worldpay, Inc. are some of the major players in the prominent players functioning in the global market.

Payment Gateway Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 22
  • Tables & Figures: 303
  • Countries covered: 22
  • Pages: 200
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