Service Industry & Others segment is leading the global e-commerce payment market by 2025

by Sameer Joshi or 13-Mar-2019

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The "E-commerce Payment Market to 2025- by Type (Credit Card, Debit Card, Digital Payment/E-Wallet, and Net Banking); and Industry (Fashion, Electronics & Media, Food & Personal Care, Furniture and Appliances, and Service Industry & Others) -Global Analysis and Forecast". The scope of study involves understanding on the factors responsible for this growth of e-commerce payment market along with the estimates and forecasts of the revenue and market share analysis and also spots the significant e-commerce payment players in the market and their key developments.

E-commerce payment Market to 2025 - Global Analysis and Forecast by Type, and Industry. In terms of revenue, the global e-commerce payment market accounted for US$ 24.26 Bn in 2017 and is expected to grow at a CAGR of 13.1% over the forecast period 2018-2025, to account for US$ 64.69 Bn in 2025. With the increasing digitalization, the online purchasing of goods and services has witnessed a noteworthy growth. Also, increasing penetration of smartphones and internet connectivity has further boosted the emergence of e-commerce in diverse industry verticals. E-commerce enables companies to expand their global reach thereby, several start-ups are rapidly entering the market. Increased use of cloud computing, artificial intelligence, and data analytics has enabled e-commerce companies to better compete in the market as well as to retain their huge user-base. Further, it has enables them to map shopping trends and forecast purchasing patterns to maintain their leading position for sustaining growth. Rising acceptability of online payments as well as growth in per capita income particularly, in developing economies in propelling the demand for e-commerce payment market.

The service industry & others market is one of the early adopter of e-commerce payment. Further, fashion industry is also experiencing exponential growth. With the introduction of e-commerce platform, the fashion industry has undergone a complete change. At present, consumers describe convenience by being able of browsing a wide-variety of items through apps, desktop computers, mobile devices, and laptops, without the need to visit stores. Nearly every fashion brand has moved or moving towards e-commerce to reap more profits and expanding their footprint. Further, several small brands are choosing online platform to sell their goods due to unavailability of sufficient capital to open stores are multiple locations. Further, several fashion brands also collaborates with e-commerce players such as Amazon, Alibaba, and eBay Inc. to expand their customer base.

The global e-commerce payment market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Market is currently dominated by APAC followed by North America however, the market in Asia Pacific Middle East & Africa is growing at a highest CAGR. Some of the key players operating in the e-commerce payment market includes PayPal Holdings, Inc.; Amazon Payments, Inc.; CCBill, LLC; WePay Inc.; Alipay; Visa, Inc.; MasterCard Incorporated; Stripe Inc.; American Express Company; and UnionPay International Co., Ltd. among others.

The report segments the global E-commerce payment market as follows:

Global E-commerce Payment Market - By Type

  • Credit Card
  • Debit Card
  • Digital Payment/ E-Wallet
  • Net Banking
  • Others

Global E-commerce Payment Market - By Industry

  • Fashion
  • Electronics & Media
  • Food & Personal Care
  • Furniture and Appliances
  • Service Industry & Others

Global E-commerce Payment Market - By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • U.K.
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • Rest of APAC
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Rest of SAM

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