Payment industry overview
According to Technavio’s market research report, the growing usage of wireless networks will be one of the major factors that will have a positive impact on the growth of the e-commerce payment market during the forecast period. Additionally, the entire digital ecosystem of both the consumer and enterprise technologies emphasizes the integration of network-access control abilities for better protection from malicious software, network vulnerabilities, breaches, and security threats. This rising utilization of wireless networks will drive the growth of the online payments and e-commerce market, which according to our market research analysts, will register a revenue of almost USD 135 billion by 2022.
The rise in the utilization of mobile biometrics for payment is one of the key trends that will contribute to the market’s growth in the coming years. The rising usage of mobile devices for financial and e-commerce transactions has resulted in the innovation and integration of biometrics technologies such as fingerprint recognition, voice recognition, iris recognition, signature recognition, keystroke recognition, and facial recognition in mobile devices. The integration of online payment technologies will ensure authorized access to personal data and prevent any fraudulent activity in monetary transactions.
Online payments and e-commerce market: Companies covered
The e-commerce payment market appears to be concentrated. This industry research report offers detailed information about the competitive environment among the players in this market space and also offers an analysis of the companies and their products. Additionally, the report also provides information about the key areas the players currently focus on and the strategies they follow to sustain the competition in this global market.
This market research report provides an analysis of the various companies in this market including
- Alibaba Group
- PayPal
- Visa
- Mastercard
Segmentation by application and analysis of the e-commerce payment market
- Cards
- Bank transfer
- E-wallets
- Direct debits
- Mobile
In terms of applications, the cards segment accounted for the major share of the e-commerce payment market during 2017. In the coming years, the market will witness a gradual reduction in its shares and the e-wallets segment will contribute to the maximum share of this market by the end of the forecast period.
Geographical segmentation and analysis of the e-commerce payment market
- Americas
- APAC
- EMEA
During 2017, the Americas held the highest share of the e-commerce payment market. However, owing to factors such as the growing demand for secure payment methods, regulatory compliance, and easy usability, the market will witness the maximum growth in APAC, during the next few years.
Key questions answered in the report include
- What will the e-commerce payment market size and the growth rate be in 2022?
- What are the key factors driving the global e-commerce payment market?
- What are the key e-commerce payment market trends impacting the growth of the market?
- What are the challenges to market growth?
- Who are the key vendors in the global e-commerce payment market?
- What are the market opportunities and threats faced by the vendors in the global tanker shipping market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global e-commerce payment market?
Technavio also offers customization on reports based on specific client requirement.