United States Payment Gateway Market Outlook 2023-2028 | Industry Opportunity & Growth Analysis

by Zayn Mathew Market Research Reports
According to the latest report by IMARC Group, titled, “United States Payment Gateway Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the United States payment gateways market reached US$ 5,290.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 7,294.5 Million by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Payment gateways refer to web-based applications that act as an interface between various e-commerce websites and banks and facilitate payment transactions. They use the HTTP protocol to encrypt sensitive information like credit card numbers and bank account details to secure the transmission of credentials from the payer to the payee. Payment gateways offer the facility to shop at any hour of the day without the inconvenience of waiting in long queues and provides a user-friendly interface.

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United States Payment Gateway Market Trends

The United States payment gateways market is primarily propelled by the expanding e-commerce sector along with the increasing disposable income levels of the consumers. Moreover, payment gateways assist organizations, like brick-and-mortar stores and online retail platforms, to collect money without compromising sensitive data. Besides this, the rising adoption of the Internet of Things (IoT), artificial intelligence (AI), cloud computing and near field communications (NFC) has simplified the bill payment process by minimizing the requirement for physical cards.  Furthermore, various leading companies in the United States are expanding their consumer base by providing various cashback schemes, discounts, rebates etc., to expand their customer base, which will continue to further drive the market for payment gateways in the coming years.

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The report has segmented the market on the basis of Mode of Interaction, Application and Region.

Breakup by Application:

Large Enterprises
Micro and Small Enterprises
Mid-Size Enterprises
Breakup by Mode of Interaction:

Hosted Payment Gateways
Pro/Self-Hosted Payment Gateways
API/Non-Hosted Payment Gateways
Local Bank Integrates
Direct Payment Gateways
Platform-Based Payment Gateways
Breakup by Country:


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About Zayn Mathew Advanced   Market Research Reports

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Created on Mar 30th 2021 09:05. Viewed 376 times.


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