Market Overview:
The global online payment solutions market is expected to grow at a CAGR of over 16% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for online payment solutions from small and medium-sized enterprises (SMEs) and large enterprises. In addition, the growing trend of e-commerce is also contributing to the growth of this market. The global online payment solutions market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into pro/self-hosted payments, local bank integrations, platform based payment API solutions, and other types. Among these segments, pro/self-hosted payments are expected to witness highest growth during the forecast period owing to its advantages such as low cost and easy implementation. On the basis of application, it can be classified into micro and small enterprise transactions; large enterprise transactions; mid-sized enterprise transactions; government & public sector transactions; B2B (business-to-business)transactions ;and others including P2P (personnel -to -personal), eCommerce tipping etc.). Among these applications segments ,large enterprise transaction is projected to account for maximum share in terms of revenue in 2030 .Geographically ,the global online payment solution smarket has been segmented into North America 、Latin America 、Europe 、Asia Pacific 、Middle East & Africa .
Product Definition:
Online payment solutions are a type of electronic payment that allows customers to pay for goods or services over the internet. This type of payment is becoming increasingly popular, as it is fast, convenient, and secure. Online payment solutions are important because they allow businesses to accept payments from customers anywhere in the world, without having to worry about processing payments manually.
Pro/Self-Hosted Payment:
Pro/Self-Hosted Payment (PSHP) is a payment technology that allows merchants to accept payments without relying on the merchant account provider or 3rd party for processing. In other words, PSHP enables merchants to accept online payments directly from customers without involving any additional third-party vendors in the process.
Local Bank Integrates:
Local bank integrates is a software solution that allows banks to effectively manage their resources. It helps them in enhancing the efficiency of their workflows and operations. The major functions performed by local bank integrates include payment processing, account management, and loan servicing. This software also helps in reducing manual processes which are error-prone as well as time-consuming for both customers and employees of the banks.
Application Insights:
Micro and small enterprise segment held the largest market share in 2017. This can be attributed to the growing number of SMEs in developed economies such as U.K., Germany, U.S., and France owing to easy access to banking facilities coupled with online payment gateway providers that offer low-cost processing solutions for these enterprises is a major factor driving the segment growth. The large enterprise segment is anticipated to register significant growth over the forecast period due to increasing penetration of e-commerce, which has resulted in increased sales for various products through online channels by large companies or organizations. Furthermore, mid-sized businesses also use this service as they find it convenient and economical than traditional payment options such as cheque or cash on delivery (COD).
Regional Analysis:
The Asia Pacific region is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing internet penetration, rising adoption of smartphones, and rapid development of online payment solutions in emerging economies such as India and China. Moreover, growing number of digital payments companies offering their services in these regions will drive industry growth. For instance, in September 2017, Alipay announced its plans to expand into Australia by early 2018.
North America region accounted for more than 25% revenue share within the global arena in 2016 owing to high usage rates of internet coupled with developed IT infrastructure within U.S., Canada & Mexico countries; however; Europe is expected remain dominant regional market throughout the forecast horizon due to increased focus on security measures taken by governments coupled with strict regulations laid down by Central Bank regarding money laundering practices associated with virtual currencies such as bitcoins etc.
Growth Factors:
- Increasing demand for online payments due to the growth of e-commerce
- Rising number of internet users and smartphone users globally
- Proliferation of digital wallets and mobile payment solutions
- Growing acceptance of online payments by merchants worldwide
- Government initiatives to promote cashless transactions
Scope Of The Report
Report Attributes
Report Details
Report Title
Online Payment Solutions Market Research Report
By Type
Pro/Self-Hosted Payment, Local Bank Integrates, Platform Based Payment API Solution, Other
By Application
Micro and Small Enterprise, Large Enterprise, Mid-Sized Enterprise
By Companies
PayPal, Stripe, Amazon Payments, Authorize.net, WorldPay, Adyen, CCBill, 2Checkout, FirstData, SecurePay, PayU, MOLPay, Paymill, GMO, Alipay, Tenpay, Ping++, Boleto Bancario, CashU, OneCard, Wirecard, WebMoney, Realex, BlueSnap
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Online Payment Solutions Market Report Segments:
The global Online Payment Solutions market is segmented on the basis of:
Types
Pro/Self-Hosted Payment, Local Bank Integrates, Platform Based Payment API Solution, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Micro and Small Enterprise, Large Enterprise, Mid-Sized Enterprise
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PayPal
- Stripe
- Amazon Payments
- Authorize.net
- WorldPay
- Adyen
- CCBill
- 2Checkout
- FirstData
- SecurePay
- PayU
- MOLPay
- Paymill
- GMO
- Alipay
- Tenpay
- Ping++
- Boleto Bancario
- CashU
- OneCard
- Wirecard
- WebMoney
- Realex
- BlueSnap
Highlights of The Online Payment Solutions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pro/Self-Hosted Payment
- Local Bank Integrates
- Platform Based Payment API Solution
- Other
- By Application:
- Micro and Small Enterprise
- Large Enterprise
- Mid-Sized Enterprise
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Online Payment Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Online Payment Solutions is a company that provides online payment processing services. It helps businesses process payments online, including credit card payments, debit card payments, and other forms of electronic payment. Online Payment Solutions also provides fraud protection and customer support services.
Some of the key players operating in the online payment solutions market are PayPal, Stripe, Amazon Payments, Authorize.net, WorldPay, Adyen, CCBill, 2Checkout, FirstData, SecurePay, PayU, MOLPay, Paymill, GMO, Alipay, Tenpay, Ping++, Boleto Bancario, CashU, OneCard, Wirecard, WebMoney, Realex, BlueSnap.
The online payment solutions market is expected to grow at a compound annual growth rate of 16%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Online Payment Solutions Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Online Payment Solutions Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Online Payment Solutions Market - Supply Chain
4.5. Global Online Payment Solutions Market Forecast
4.5.1. Online Payment Solutions Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Online Payment Solutions Market Size (000 Units) and Y-o-Y Growth
4.5.3. Online Payment Solutions Market Absolute $ Opportunity
5. Global Online Payment Solutions Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Online Payment Solutions Market Size and Volume Forecast by Type
5.3.1. Pro/Self-Hosted Payment
5.3.2. Local Bank Integrates
5.3.3. Platform Based Payment API Solution
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Online Payment Solutions Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Online Payment Solutions Market Size and Volume Forecast by Application
6.3.1. Micro and Small Enterprise
6.3.2. Large Enterprise
6.3.3. Mid-Sized Enterprise
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Online Payment Solutions Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Online Payment Solutions Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Online Payment Solutions Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Online Payment Solutions Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Online Payment Solutions Demand Share Forecast, 2019-2026
9. North America Online Payment Solutions Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Online Payment Solutions Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Online Payment Solutions Market Size and Volume Forecast by Application
9.4.1. Micro and Small Enterprise
9.4.2. Large Enterprise
9.4.3. Mid-Sized Enterprise
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Online Payment Solutions Market Size and Volume Forecast by Type
9.7.1. Pro/Self-Hosted Payment
9.7.2. Local Bank Integrates
9.7.3. Platform Based Payment API Solution
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Online Payment Solutions Demand Share Forecast, 2019-2026
10. Latin America Online Payment Solutions Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Online Payment Solutions Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Online Payment Solutions Market Size and Volume Forecast by Application
10.4.1. Micro and Small Enterprise
10.4.2. Large Enterprise
10.4.3. Mid-Sized Enterprise
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Online Payment Solutions Market Size and Volume Forecast by Type
10.7.1. Pro/Self-Hosted Payment
10.7.2. Local Bank Integrates
10.7.3. Platform Based Payment API Solution
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Online Payment Solutions Demand Share Forecast, 2019-2026
11. Europe Online Payment Solutions Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Online Payment Solutions Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Online Payment Solutions Market Size and Volume Forecast by Application
11.4.1. Micro and Small Enterprise
11.4.2. Large Enterprise
11.4.3. Mid-Sized Enterprise
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Online Payment Solutions Market Size and Volume Forecast by Type
11.7.1. Pro/Self-Hosted Payment
11.7.2. Local Bank Integrtes
11.7.3. Platform Based Payment API Solution
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Online Payment Solutions Demand Share, 2019-2026
12. Asia Pacific Online Payment Solutions Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Online Payment Solutions Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Online Payment Solutions Market Size and Volume Forecast by Application
12.4.1. Micro and Small Enterprise
12.4.2. Large Enterprise
12.4.3. Mid-Sized Enterprise
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Online Payment Solutions Market Size and Volume Forecast by Type
12.7.1. Pro/Self-Hosted Payment
12.7.2. Local Bank Integrates
12.7.3. Platform Based Payment API Solution
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Online Payment Solutions Demand Share, 2019-2026
13. Middle East & Africa Online Payment Solutions Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Online Payment Solutions Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Online Payment Solutions Market Size and Volume Forecast by Application
13.4.1. Micro and Small Enterprise
13.4.2. Large Enterprise
13.4.3. Mid-Sized Enterprise
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Online Payment Solutions Market Size and Volume Forecast by Type
13.7.1. Pro/Self-Hosted Payment
13.7.2. Local Bank Integrates
13.7.3. Platform Based Payment API Solution
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Online Payment Solutions Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Online Payment Solutions Market: Market Share Analysis
14.2. Online Payment Solutions Distributors and Customers
14.3. Online Payment Solutions Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. PayPal
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stripe
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Amazon Payments
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Authorize.net
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. WorldPay
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Adyen
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CCBill
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. 2Checkout
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. FirstData
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. SecurePay
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. PayU
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. MOLPay
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Paymill
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. GMO
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Alipay
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Tenpay
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Ping++
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Boleto Bancario
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. CashU
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. OneCard
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
