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E-commerce Payment Market- Roadmap for Recovery from COVID-19 | Rising Number of Online Transactions to boost the Market Growth | Technavio

Technavio has been monitoring the e-commerce payment market and it is poised to grow by USD 113.68 billion during 2020-2024, decelerating at a CAGR of almost 20% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global E-commerce Payment Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global E-commerce Payment Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by type, which is the leading segment in the market?
  • The e-wallets segment is expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • Rise in the usage of wireless networks is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of almost 20%, the incremental growth of the market is anticipated to be USD 113.68 billion.
  • Who are the top players in the market?
  • Alibaba Group Holding Ltd., Amazon.com Inc., Apple Inc., Capital One Financial Corp., Mastercard Inc., PayPal Holdings Inc., Stripe Inc., The OLB Group Inc., UnionPay International Co. Ltd., and Visa Inc. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Rising number of online transactions is one of the major factors driving the market. However, the concerns related to privacy and security restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 40% of market growth.

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Alibaba Group Holding Ltd., Amazon.com Inc., Apple Inc., Capital One Financial Corp., Mastercard Inc., PayPal Holdings Inc., Stripe Inc., The OLB Group Inc., UnionPay International Co. Ltd., and Visa Inc. are some of the major market participants. The rising number of online transactions will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

E-commerce Payment Market 2020-2024: Segmentation

E-commerce Payment Market is segmented as below:

  • Type
    • E-wallets
    • Cards
    • Online Banking
    • Direct Debits
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44256

E-commerce Payment Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The e-commerce payment market report covers the following areas:

  • E-commerce Payment Market Size
  • E-commerce Payment Market Trends
  • E-commerce Payment Market Analysis

This study identifies the rise in the usage of wireless networks as one of the prime reasons driving the E-commerce payment market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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E-commerce Payment Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist e-commerce payment market growth during the next five years
  • Estimation of the e-commerce payment market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the e-commerce payment market
  • 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

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • E-wallets - Market size and forecast 2019-2024
  • Cards - Market size and forecast 2019-2024
  • Online banking - Market size and forecast 2019-2024
  • Direct debits - Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alibaba Group Holding Ltd.
  • Amazon.com Inc.
  • Apple Inc.
  • Capital One Financial Corp.
  • Mastercard Inc.
  • PayPal Holdings Inc.
  • Stripe Inc.
  • The OLB Group Inc.
  • UnionPay International Co. Ltd.
  • Visa Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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