# Payment Gateway Market Size, Share & Trends Analysis Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-12-16 Category: FINANCE Category URL: https://financedigest.com/category/finance Meta Title: Global Payment Gateway Market Growth Trends 2022-2030 Meta Description: Discover the latest trends in the global payment gateway market. Find out how the increasing demand for mobile payments and secure internet transactions are URL: https://financedigest.com/payment-gateway-market-size-share-trends-analysishtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/istock-1227910779-1736814713339-compressed.jpg) The global payment gateway market was valued at [over USD 22 billion in 2021](https://www.grandviewresearch.com/industry-analysis/payment-gateway-market). It is expected that the market will grow at a CAGR of 22.1% between 2022 and 2030. The increasing demand for mobile payments is a major factor that is expected to drive the market’s growth. In addition, the rising internet penetration and e-commerce sales are expected to fuel the growth of the market. Due to the increasing [number of fraudulent activities and the need](https://www.financedigest.com/why-finance-teams-need-to-go-beyond-numbers-to-an-active-relationship-with-data.html "Why finance teams need to go beyond numbers to an active relationship with data ") for secure internet transactions, many companies are now looking for payment gateways that can help prevent these types of activities. These payment gateways help consumers [avoid the hassles of shopping](https://www.financedigest.com/scam-special-how-to-avoid-christmas-shopping-fraud-this-year.html "Scam Special: How to Avoid Christmas Shopping Fraud this Year") in physical stores. They allow them to complete their transactions online, which eliminates the need for them to wait in line. Due to the technological advancements that have occurred in the [financial industry, financial service](https://www.financedigest.com/devops-the-secret-tool-thats-transforming-financial-services.html "DevOps: The Secret Tool that’s Transforming Financial Services") providers have been able to provide their customers with various digital services. Businesses can integrate batch payments in Xero like this service at [GetPinch](https://www.getpinch.com.au/xero/) to get paid easily. The rising number of internet users and the increasing number of [money transfers through mobile apps](https://www.financedigest.com/how-to-make-apps-make-money.html "How to Make Apps Make Money?") are some of the factors that are driving the growth of the market. Due to the increasing number of e-commerce companies and financial service providers working together to provide their customers with a [digital payment](https://www.financedigest.com/can-i-please-speak-to-someone-why-building-relationships-is-still-crucial-in-digital-payments.html "“Can I please speak to someone?” Why building relationships is still crucial in digital payments") infrastructure, the market for payment gateway is expected to grow. Several banks in the [world are also entering into agreements with payment](https://www.financedigest.com/around-the-world-in-mobile-payments.html "Around the world in mobile payments") gateway providers to provide their customers with real-time payment facilities. [COVID-19 Impact Analysis](https://www.financedigest.com/container-as-a-service-caas-market-with-covid-19-pandemic-analysis-growth-rate-and-forecast-2021-2027.html "Container As A Service (CaaS) Market With COVID-19 Pandemic Analysis, Growth Rate And Forecast 2021-2027") The global e-commerce market has been experiencing positive growth [during the pandemic](https://www.globalbankingandfinance.com/payment-gateways-market-size-share-trends-analysis-report-2021-2027-with-covid-19-impact-analysis/). The rise in the number of people [shopping online](https://www.financedigest.com/the-high-street-is-dead-long-live-online-shopping.html "The high street is dead – long live online shopping! ") has led to a 13% to 20% increase in the number of people who prefer to make purchases through e-commerce platforms. In addition, the increasing number of individuals using the internet and mobile services has also contributed to the [growth of the market](https://www.financedigest.com/organic-beef-meat-market-expectations-growth-trends-highlighted-until-2027.html "Organic Beef Meat Market Expectations & Growth Trends Highlighted Until 2027"). Report Coverage & Deliverables - Type Insights The hosted [payment gateway market](https://www.financedigest.com/4-payments-industry-predictions-what-will-disrupt-the-market-in-2022.html "4 Payments Industry Predictions – What Will Disrupt the Market in 2022?") is expected to grow at a high rate during the next few years. The increasing number of merchants using this type of [payment system is due to the various factors that it provides them with such as easy payment setup and reduced](https://www.financedigest.com/how-can-you-reduce-the-risk-of-fraud-in-b2b-payments.html "How can you reduce the risk of fraud in B2B payments?") liability. The non-hosted payment gateway [market is expected to grow at a high rate](https://www.financedigest.com/no-santa-rally-for-markets-as-central-banks-dampen-peak-rate-hopes.html "No Santa rally for markets as central banks dampen peak rate hopes") during the next few years. - Enterprise [Size Insights](https://www.financedigest.com/night-vision-camera-market-size-will-observe-lucrative-surge-by-the-end-2031-tmr-insight.html "Night Vision Camera Market Size will observe Lucrative Surge by the End 2031| TMR Insight") The large enterprise segment held the largest [share of the global](https://www.financedigest.com/global-shares-jump-but-bank-whack-a-mole-not-over.html "Global shares jump but bank ‘whack-a-mole’ not over") payment gateway market in 2021. The increasing number of enterprises that have websites that are frequently visited by their [customers is expected to drive the growth of the market during the next few years](https://www.financedigest.com/2019-year-customers-take-control-payments.html "2019: The year customers take control of payments"). - End-Use Insights The e-commerce and retail segment held a significant [share of the global market](https://www.financedigest.com/automation-tools-help-uk-mortgage-providers-market-share-surge.html "Automation tools help UK mortgage provider’s market share surge") in 2021. According to Oberlo, the retail industry is [expected to grow at an average rate](https://www.financedigest.com/ecbs-makhlouf-expects-50-bps-rate-hike-in-december.html "ECB’s Makhlouf expects 50 bps rate hike in December") of 3.58% between 2018 and 2022. The increasing demand for online shopping is also [expected to fuel market growth](https://www.financedigest.com/passion-flower-extract-market-2022-expectations-growth-trends-highlighted-until-2028.html "Passion Flower Extract Market 2022 Expectations & Growth Trends Highlighted Until 2028"). - Regional Insights North America was the largest contributor to the [global payment gateway market](https://www.financedigest.com/skin-replacement-market-trends-analysis-future-demand-global-industry-insights-2025.html "Skin Replacement Market Trends Analysis, Future Demand & Global Industry Insights 2025") in 2021. The region’s growth can be attributed to the [technological advancements in the payment](https://www.financedigest.com/from-the-experts-5-payment-technology-trends-to-look-out-for-in-2016.html "FROM THE EXPERTS: 5 PAYMENT TECHNOLOGY TRENDS TO LOOK OUT FOR IN 2016") gateway industry and the increasing number of players such as PayPal Holdings Inc., Square, Mastercard, and Amazon Payments Inc. The Asia Pacific payment gateway [market is expected](https://www.financedigest.com/calcium-sulphate-market-expectations-growth-trends-highlighted-until-2027.html "Calcium Sulphate Market Expectations & Growth Trends Highlighted Until 2027") to be the fastest-growing region in the coming years. This can be attributed to the various initiatives taken by governments in the region to improve the e-commerce infrastructure. [Market Share](https://www.financedigest.com/arc-ferrite-magnet-market-size-share-and-trends-industry-forecast-report-2031.html "Arc Ferrite Magnet Market Size, Share and Trends | Industry Forecast Report 2031") Insights and Key Companies The [increasing number of mergers and acquisitions by the players in the payment](https://www.financedigest.com/payment-community-engagement-in-the-development-of-the-emv-specifications-increases.html "Payment Community Engagement in the Development of the EMV Specifications Increases") gateway market is expected to drive the market’s growth as well. For instance, in October 2020, [payment processing](https://www.financedigest.com/are-your-payment-processes-in-cheque-for-the-new-legislation.html "ARE YOUR PAYMENT PROCESSES IN CHEQUE FOR THE NEW LEGISLATION?") company Paystack, which is based in Nigeria, was acquired by a financial service company, Stripe. Through this acquisition, the company was able to expand its operations in Africa. Due to the increasing number of security concerns related to the online payments industry, service providers are expected to adopt more advanced technologies to [prevent fraud](https://www.financedigest.com/payroll-fraud-and-how-to-prevent-it.html "Payroll fraud and how to prevent it"). Competitive strategies adopted by players are also [expected to drive the market’s growth](https://www.financedigest.com/calcium-carbonate-market-expectations-growth-trends-highlighted-until-2027-2.html "Calcium Carbonate Market Expectations & Growth Trends Highlighted Until 2027"). These include the development of new products and collaborations. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---