Payment Gateway Market

Payment Gateway Market Analysis By Type (Non-hosted, Hosted), By Enterprise Size (Small & Medium Enterprises, Large Enterprises), By End-use and By Region - Global Forecast 2022 to 2032

Analysis of Payment Gateway market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Payment Gateway Market Outlook (2022 to 2032)

The global market for payment gateway is expected to hold a value of US$ 26 Bn in 2022 and secure US$ 189 Billion by 2032.

The industry is projected to expand at a CAGR of 21% during the forecast period from 2022 to 2032.

The expansion of the market can be attributed to increased demand for e-commerce services and internet penetration. The increasing application of mobile-based payments across the globe is likely to offer significant opportunities for expansion in the forthcoming period.

Report Attributes


Market Size in 2022

USD 26 Billion

Estimated Market Value in 2032

USD 189 Billion

Projected CAGR from 2022 to 2032


Key Players Profiled

  • Verifone Holdings, Inc.
  • Authorize.Net
  • Bitpay, Inc.
  • Amazon Payments Inc.
  • Braintree
  • Wepay, Inc.
  • PayU Group
  • Stripe
  • Adyen
  • PayPal Holdings, Inc.

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Revenue Analysis of Global Market for Payment Gateway 2015 to 2021 vs. Future Outlook 2022 to 2032

The growing application of mobile banking channels and the increasing demand for instant-mobile-based payments are likely to offer significant market opportunities. As per the observations at Fact. MR, the global market for payment gateway is likely to have secured a market value of US$ 22 Bn in 2021.

The growing popularity of mobile wallets and smartphones across developing nations has generated massive revenue, and the market is likely to show notable growth in the forecast period. Further, the outbreak of COVID-19 has increased the application of digital payments and e-commerce. For instance, Amazon saw 40% of Y-o-Y growth in the second quarter of 2020. Fact. MR reveals that the market is likely to hold a value of US$ 189 Bn by 2032.

What is the role of e-Commerce in Boosting the Market for Payment Gateway?

Growing partnerships among e-Commerce Companies to Boost the Payment Gateway Systems

The outbreak of COVID-19 positively impacted the market, which can be attributed to the growing preference for e-commerce and digital payments. As per various studies, there has been a significant rise of 13-20% increase in e-commerce. Further, the growing partnerships among e-commerce companies are expected to augment the market significantly.

For instance, Yes Bank collaborated with Amazon Pay and Amazon Web Services to offer a real-time payment system through the UPI transaction facility. Moreover, the technological advancements and the growing penetration of the internet in developing nations are likely to propel the demand for payment gateway systems in the coming time.

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How does the Increasing Development in the Payment Gateway Sector Propel the Market Growth?

On-going developments in the Mobile-Based Payment Apps to Expand the Market

The technical development in the mobile-based payment apps and the increasing internet penetration are expected to play a salient role in boosting the market in the forecast period. The increasing digitalization and high adoption rate of various money transfer modes such as; mobile wallets and net banking are expected to provide a significant boost to e-commerce services.

Moreover, the governments of various countries are taking initiatives to encourage the usage of the internet in untapped areas. For instance, in 2020, British Government invested USD 5.9 Bn in their rural areas to offer faster internet services.

Country-Wise Analysis

Why Does North America have the Best Payment Processors?

Rapid Technical Development in the Region to provide opportunities to Payment Gateway Service Providers

North America is expected to dominate the global market owing to the rapid technical development in the region. As per the analysis at Fact. MR, the market is anticipated to have secured more than 36% of the global revenue in 2022.

The growth of the region can be attributed to the presence of established Payment Gateway Service Providers such as; Square, Mastercard, BluePay, Amazon Payments, and PayPal Holdings Inc. Further, the rapid technological development and the growing popularity of payment gateways systems are expected to provide a significant boost to the market.

What is the Contribution of APAC in Developing the Payment Gateways Systems?

APAC to Emerge as the Fastest-Growing Market

According to the analysis, APAC is anticipated to be the fastest-growing regional market during the forecast period, flourishing at a CAGR of 17%. The expansion of the market can be attributed to the presence of developing nations such as; India, Japan, and China. The government of these countries takes various initiatives to enhance the efficiency of payment gateway systems in the region.

For instance, the Chinese government is taking initiatives to offer better and faster broadband services in rural areas. In another instance, the Reserve Bank of India (RBI) has regulated Mobikwik, Paytm, and Bharat Bill for effective digital payments.

Know thy Competitors

Competitive landscape highlights only certain players
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Category-Wise Analysis

Based on Type, Which Segment is projected to Make Significant Contributions in Payment Gateway Systems Market?

Hosted Segment to have dominated the Payment Gateway Systems Market in 2021

According to the analysis at Fact. MR, the hosted segment is predicted to have secured nearly 57% of the global revenue share. The demand for hosted payment gateway is increasing owing to its benefits such as; easy payment setup systems and reduced merchant liability. Hosted Gateways comply with Payment Card Industry Data Security Standard (PCI DSS), which is a safer option for payment processing.

On the other hand, the non-hosted segment is anticipated to exhibit significant growth in the coming time. Non-hosted gateways can be easily incorporated with online payment solutions and API integration with any equipment, which is likely to offer opportunities for expansion to the segment in the assessment period.

What is the Role of Enterprises Generating Significant Demand for Payment Gateway Systems?

SMEs to Witness the Highest Market Growth in the Forecast Period

Fact. MR reveals that SMEs are likely to witness the highest market growth in the assessment period. SMEs are generating significant demand for payment gateways systems for efficient methods of payment.

On the other hand, the large enterprise segment is anticipated to have acquired about 55% of the global revenue. These enterprises demand a highly safe method of transaction, which is offered by payment gateways processors.

What is the Role of Retail and E-Commerce Segment in Offering Opportunities to Payment Gateway Service Providers?

Increasing Number of Online Transactions to Boost the Demand for E-Commerce Service and Benefit the Segment

Fact. MR reveals that the retail and e-commerce segment dominated the market in 2021 and is expected to have secured more than 24% of the market share. The growth of the segment can be attributed to the increasing number of online transactions in retail and e-commerce across the globe. Further, the outbreak of COVID-19 pumped the segmental growth, which considerably increased the popularity of e-commerce and digital payments.

Competitive Landscape

Vendors of the global market for payment gateway are taking various initiatives to expand their global reach. Some of the most adopted methods to strengthen their positions in the market are acquisitions, partnerships, and collaborations. Some of the recent developments among key players are:

  • In February 2022, Network International partnered with Amazon Payment Services to provide online payment solutions to merchants in the UAE. Network International is a known entity in the Middle East and Africa region that offers digital commerce.
  • In February 2022, Adyen, the globally renowned player, announced a partnership with Ding to optimize its payment systems and enhance its international growth. Ding is one of the largest mobile top-up platforms.

Key Market Segments Covered in the Global Payment Gateway Market

  • By Enterprise Size :

    • Small & Medium Enterprises
    • Large Enterprises
  • By Based on End-Use :

    • Media & Entertainment
    • Travel & Hospitality
    • Retail & E-commerce
    • BFSI
    • Others
  • By Type :

    • Non-hosted
    • Hosted

- FAQs -

What was the documented market value for payment gateway in 2021?

As of 2021, payment gateway market value reached US$ 22 Bn, according to Fact.MR

What is the anticipated market value for payment gateway in 2022?

According to Fact.MR, demand for payment gateway services is likely to be valued at US$ 26 Bn in 2022

At what rate did the payment gateway industry flourish from 2015-2021?

From 2015-2021, payment gateway market revenue expanded at a CAGR of 18%

What is the expected market value for payment gateway in 2032?

The payment gateway market is expected to reach a value of US$ 189 Bn by 2032

At what CAGR will the market for payment gateway flourish from 2022 to 2032?

According to Fact.MR, the payment gateway industry is expected to expand at a CAGR of 21% until 2032

How opportunistic are growth prospects for payment gateway in North America?

According to Fact.MR, payment gateway revenue in North America is forecast to account for 36% of the total market

What are the expansion prospects for payment gateway in the Asia Pacific?

In the Asia Pacific, the payment gateway market is expected to surge at a CAGR of 17%

Which payment gateway type is expected to account for maximum revenue share?

Hosted payment gateways are expected to account for 57% of the global market revenue

Payment Gateway Market

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