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E-commerce Payment Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 121
  • SKU: IRTNTR44256
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The e-commerce payment market share is expected to increase by USD 376.45 billion from 2020 to 2025, at a CAGR of 26.41%.

This e-commerce payment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers e-commerce payment market segmentation by type (e-wallets, cards, online banking, and direct debits) and geography (APAC, North America, Europe, South America, and MEA). The e-commerce payment market report also offers information on several market vendors, including Amazon.com Inc., American Express Co., Apple Inc., Capital One Financial Corp., Mastercard Inc., PayPal Holdings Inc., Stripe Inc., The OLB Group Inc., UnionPay International Co. Ltd., and Visa Inc. among others.

What will the E-commerce Payment Market Size be During the Forecast Period?

E-commerce Payment Market Size

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E-commerce Payment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising number of online transactions is notably driving the e-commerce payment market growth, although factors such as concerns related to privacy and security may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the e-commerce payment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key E-commerce Payment Market Driver

The rising number of online transactions is notably driving the e-commerce payment market growth. Consumers are progressively adopting internet-connected devices for some transactions. The financial and e-commerce sectors are the main adopters of online transactions. Online transactions are gaining importance among individual consumers as they are very easy, quick, and convenient to use as compared to traditional methods. Consumers are also using smartphones to make online transactions at any time. However, these financial and e-commerce transactions are vulnerable to the threat of cyber-attacks. The use of e-commerce is influenced by the COVID-19 pandemic. To avoid the spread of COVID-19, many countries have announced lockdowns and travel restrictions. Hence, the time spent by people on e-commerce websites is increasing in countries such as the US, the UAE, Italy, India, China, Spain, and Germany. The increase in the use of e-commerce websites is also increasing the demand for e-commerce payment platforms and, consequently, driving the growth of the market.

Key E-commerce Payment Market Trend

The rise in the use of wireless networks is the key market trend driving the e-commerce payment market growth. Increasing internet and wireless broadband penetration are one of the primary drivers for the growth of the e-commerce market as it is driving the social and the mobility phenomenon across the market. The increased distribution of wireless technologies is positively affecting the e-commerce payment market on two levels. Firstly, this infrastructure provides a functional and efficient platform for the vendors to showcase the product in a secure network for all the concerned buyers. Secondly, the entire digital ecosystem of both consumer and enterprise technologies demands the implementation of network access control capabilities to better shield the entire system from malicious software, network vulnerabilities, breaches, and security threats. This growing use of wireless networks will increase the market share of the e-commerce payment market due to their interdependency.

Key E-commerce Payment Market Challenge

The major challenge impeding the e-commerce payment market growth is the concerns related to privacy and security. Payment service providers use online cookies to gather personal data and customer information so that they can customize advertising messages to target key audiences. The indiscriminate use of cookies can infringe client privacy, while location-based online services have raised privacy concerns because these can reveal the geographical location of the customer. In general, online retailers may collect a large volume of data, including addresses, credit card information, passwords, and other credentials. Many companies also collect a large volume of data through cookies and other methods to determine demographics and better target advertising for future transactions. Confidential information, including consumer address and credit card information, is deterrent because m-commerce involves monetary transitions in real time. These factors can inhibit the online experience of customers and hinder the potential growth of the market during the forecast period. 

This e-commerce payment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global e-commerce payment market as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the e-commerce payment market during the forecast period.

Who are the Major E-commerce Payment Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Amazon.com Inc.
  • American Express Co.
  • Apple Inc.
  • Capital One Financial Corp.
  • Mastercard Inc.
  • PayPal Holdings Inc.
  • Stripe Inc.
  • The OLB Group Inc.
  • UnionPay International Co. Ltd.
  • Visa Inc.

 

This statistical study of the e-commerce payment market encompasses successful business strategies deployed by the key vendors. The e-commerce payment market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Amazon.com Inc. - The company offers amazon pay for e-commerce payments.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The e-commerce payment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

E-commerce Payment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the e-commerce payment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for E-commerce Payment Market?

E-commerce Payment Market Market segmentation by region

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41% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the e-commerce payment market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Increasing urbanization and increasing penetration of internet services will facilitate the e-commerce payment market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The region was affected by the outbreak of COVID-19 in the first half of 2020. As of July 20, 2021, the number of COVID-19 cases in India, which is a key market for e-commerce companies, was over 32 million, out of which 0.4 million people lost their lives. During the lockdown phase, people preferred purchasing items from e-commerce websites, which acted as a catalyst for the e-commerce payment market in the region. Many e-commerce companies were accepting only digital payments, instead of currency notes, to avoid physical contacts. These factors can influence market growth in the region during the forecast period.

What are the Revenue-generating Type Segments in the E-commerce Payment Market?

E-commerce Payment Market Segmentation

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The e-commerce payment market share growth by the e-wallets segment will be significant during the forecast period. The primary factors that are raising the e-commerce payment market share for the e-wallets segment are added features such as rewards point programs specific to wallets, multiple payment options, and ease of sending and receiving money. Additionally, other prominent factors positively affecting the overall growth are the rising penetration of smartphones and growing consumer awareness. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the e-commerce payment market size and actionable market insights on post COVID-19 impact on each segment.

 

E-commerce Payment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 26.41%

Market growth 2021-2025

$ 376.45 billion

Market structure

Fragmented

YoY growth (%)

28.97

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 41%

Key consumer countries

China, US, UK, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amazon.com Inc., American Express Co., Apple Inc., Capital One Financial Corp., Mastercard Inc., PayPal Holdings Inc., Stripe Inc., The OLB Group Inc., UnionPay International Co. Ltd., and Visa Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this E-commerce Payment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive e-commerce payment market growth during the next five years
  • Precise estimation of the e-commerce payment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the e-commerce payment industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of e-commerce payment market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis

    3 Market Sizing

    • 3.1 Market definition
      • Exhibit 04: Market segments
    • 3.2 Market segment analysis
      • 3.3 Market size 2020
        • 3.4 Market outlook: Forecast for 2020 - 2025
          • Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ billion)
          • Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)

        4 Five Forces Analysis

        • 4.1 Five forces analysis 2020 & 2025
          • Exhibit 08: Bargaining power of buyers
        • 4.2 Bargaining power of buyers
          • Exhibit 09: Bargaining power of suppliers
        • 4.3 Bargaining power of suppliers
          • Exhibit 10: Threat of new entrants
        • 4.4 Threat of new entrants
          • Exhibit 11: Threat of substitutes
        • 4.5 Threat of substitutes
          • 4.6 Threat of rivalry
            • Exhibit 12: Threat of rivalry
            • Exhibit 13: Market condition - Five forces 2020
          • 4.7 Market condition

            5 Market Segmentation by Type

            • 5.1 Market segments
              • Exhibit 15: Comparison by Type
            • 5.2 Comparison by Type
              • Exhibit 16: E-wallets - Market size and forecast 2020-2025 ($ billion)
            • 5.3 E-wallets - Market size and forecast 2020-2025
              • Exhibit 17: E-wallets - Year-over-year growth 2020-2025 (%)
              • Exhibit 18: Cards - Market size and forecast 2020-2025 ($ billion)
            • 5.4 Cards - Market size and forecast 2020-2025
              • Exhibit 19: Cards - Year-over-year growth 2020-2025 (%)
              • Exhibit 20: Online banking - Market size and forecast 2020-2025 ($ billion)
            • 5.5 Online banking - Market size and forecast 2020-2025
              • Exhibit 21: Online banking - Year-over-year growth 2020-2025 (%)
              • Exhibit 22: Direct debits - Market size and forecast 2020-2025 ($ billion)
            • 5.6 Direct debits - Market size and forecast 2020-2025
              • Exhibit 23: Direct debits - Year-over-year growth 2020-2025 (%)
              • Exhibit 24: Market opportunity by Type
            • 5.7 Market opportunity by Type

              6 Customer landscape

              7 Geographic Landscape

              • 7.1 Geographic segmentation
                • Exhibit 27: Geographic comparison
              • 7.2 Geographic comparison
                • Exhibit 28: APAC - Market size and forecast 2020-2025 ($ billion)
              • 7.3 APAC - Market size and forecast 2020-2025
                • Exhibit 29: APAC - Year-over-year growth 2020-2025 (%)
                • Exhibit 30: North America - Market size and forecast 2020-2025 ($ billion)
              • 7.4 North America - Market size and forecast 2020-2025
                • Exhibit 31: North America - Year-over-year growth 2020-2025 (%)
                • Exhibit 32: Europe - Market size and forecast 2020-2025 ($ billion)
              • 7.5 Europe - Market size and forecast 2020-2025
                • Exhibit 33: Europe - Year-over-year growth 2020-2025 (%)
                • Exhibit 34: South America - Market size and forecast 2020-2025 ($ billion)
              • 7.6 South America - Market size and forecast 2020-2025
                • Exhibit 35: South America - Year-over-year growth 2020-2025 (%)
                • Exhibit 36: MEA - Market size and forecast 2020-2025 ($ billion)
              • 7.7 MEA - Market size and forecast 2020-2025
                • Exhibit 37: MEA - Year-over-year growth 2020-2025 (%)
                • Exhibit 38: Key leading countries
              • 7.8 Key leading countries
                • 7.9 Market opportunity by geography
                  • Exhibit 39: Market opportunity by geography ($ billion)

                8 Drivers, Challenges, and Trends

                • 8.1 Market drivers
                  • 8.2 Market challenges
                    • Exhibit 40: Impact of drivers and challenges
                  • 8.3 Market trends

                    9 Vendor Landscape

                    • 9.1 Overview
                      • Exhibit 42: Landscape disruption
                    • 9.2 Landscape disruption
                      • Exhibit 43: Industry risks

                    10 Vendor Analysis

                    • 10.1 Vendors covered
                      • 10.2 Market positioning of vendors
                        • Exhibit 45: Market positioning of vendors
                        • Exhibit 46: Amazon.com Inc. - Overview
                        • Exhibit 47: Amazon.com Inc. - Business segments
                      • 10.3 Amazon.com Inc.
                        • Exhibit 48: Amazon.com Inc. - Key news
                        • Exhibit 49: Amazon.com Inc. - Key offerings
                        • Exhibit 50: Amazon.com Inc. - Segment focus
                        • Exhibit 51: American Express Co. - Overview
                        • Exhibit 52: American Express Co. - Business segments
                      • 10.4 American Express Co.
                        • Exhibit 53: American Express Co. - Key offerings
                        • Exhibit 54: American Express Co. - Segment focus
                        • Exhibit 55: Apple Inc. - Overview
                        • Exhibit 56: Apple Inc. - Business segments
                      • 10.5 Apple Inc.
                        • 10.6 Capital One Financial Corp.
                          • Exhibit 62: Capital One Financial Corp. - Key news
                          • Exhibit 63: Capital One Financial Corp. - Key offerings
                          • Exhibit 64: Capital One Financial Corp. - Segment focus
                          • Exhibit 65: Mastercard Inc. - Overview
                          • Exhibit 66: Mastercard Inc. - Business segments
                          • Exhibit 67: Mastercard Inc. - Key offerings
                        • 10.7 Mastercard Inc.
                          • Exhibit 68: Mastercard Inc. - Segment focus
                          • Exhibit 69: PayPal Holdings Inc. - Overview
                          • Exhibit 70: PayPal Holdings Inc. - Product and service
                          • Exhibit 71: PayPal Holdings Inc. - Key news
                        • 10.8 PayPal Holdings Inc.
                          • Exhibit 72: PayPal Holdings Inc. - Key offerings
                          • Exhibit 73: Stripe Inc. - Overview
                          • Exhibit 74: Stripe Inc. - Product and service
                        • 10.9 Stripe Inc.
                          • Exhibit 75: Stripe Inc.- Key news
                          • Exhibit 76: Stripe Inc. - Key offerings
                          • Exhibit 77: The OLB Group Inc. - Overview
                          • Exhibit 78: The OLB Group Inc. - Business segments
                          • Exhibit 79: The OLB Group Inc. - Key offerings
                        • 10.10 The OLB Group Inc.
                          • Exhibit 80: UnionPay International Co. Ltd. - Overview
                          • Exhibit 81: UnionPay International Co. Ltd. - Product and service
                          • Exhibit 82: UnionPay International Co. Ltd. - Key news
                        • 10.11 UnionPay International Co. Ltd.
                          • Exhibit 83: UnionPay International Co. Ltd. - Key offerings
                          • Exhibit 84: Visa Inc. - Overview
                          • Exhibit 85: Visa Inc. - Product and service
                          • Exhibit 86: Visa Inc. - Key news
                        • 10.12 Visa Inc.
                          • Exhibit 87: Visa Inc. - Key offerings

                        11 Appendix

                        • 11.1 Scope of the report
                          • Exhibit 88: Currency conversion rates for US$
                        • 11.2 Currency conversion rates for US$
                          • Exhibit 89: Research Methodology
                        • 11.3 Research methodology
                          • Exhibit 90: Validation techniques employed for market sizing
                          • Exhibit 91: Information sources
                          • Exhibit 92: List of abbreviations
                        • 11.4 List of abbreviations

                          Research Framework

                          Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                          TechnavioINFORMATION SOURCES

                          Primary sources

                          • Manufacturers and suppliers
                          • Channel partners
                          • Industry experts
                          • Strategic decision makers

                          Secondary sources

                          • Industry journals and periodicals
                          • Government data
                          • Financial reports of key industry players
                          • Historical data
                          • Press releases
                          Technavio

                          TechnavioDATA ANALYSIS

                          Data Synthesis

                          • Collation of data
                          • Estimation of key figures
                          • Analysis of derived insights

                          Data Validation

                          • Triangulation with data models
                          • Reference against proprietary databases
                          • Corroboration with industry experts
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                          TechnavioREPORT WRITING

                          Qualitative

                          • Market drivers
                          • Market challenges
                          • Market trends
                          • Five forces analysis

                          Quantitative

                          • Market size and forecast
                          • Market segmentation
                          • Geographical insights
                          • Competitive landscape
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                          E-commerce Payment Market market growth will increase by $376.45 billion during 2021-2025.
                          The e-commerce payment market market is expected to grow at a CAGR of 26.41% during 2021-2025.
                          Technavio has segmented the e-commerce payment market market by type (e-wallets, cards, online banking, and direct debits) ,geography (APAC, North America, Europe, South America, and MEA) , and geographic (APAC, North America, Europe, South America, and MEA).
                          Amazon.com Inc., American Express Co., Apple Inc., Capital One Financial Corp., Mastercard Inc., PayPal Holdings Inc., Stripe Inc., The OLB Group Inc., UnionPay International Co. Ltd., Visa Inc. are a few of the key vendors in the e-commerce payment market market.
                          APAC will register the highest growth rate of 41% among the other regions. Therefore, the e-commerce payment market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                          The key factors driving the e-commerce payment market market growth are:
                          • Rising number of online transactions
                          • E-commerce vendors switching from website to mobile-only apps
                          The e-commerce payment market market vendors should focus on grabbing business opportunities from the e-wallets segment as it accounted for the largest market share in the base year.
                          • What are the key global market and the regional market share?
                          • What are the revenue-generating key market segments?
                          • What are the key factors driving and challenging this market’s growth?
                          • Who are the key market vendors and their growth strategies?
                          • What are the latest trends influencing the growth of this market?
                          • What are the variables influencing the market growth in the primary regions?
                          • What are the factors influencing the growth of the parent market?
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                          • Detailed vendors report with competitive landscape
                          • Covid-19 impact and recovery analysis
                          • Data on revenue-generating market segments
                          • Details on the market shares of various regions
                          • Five-force market analysis

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