Published on : Jun 20, 2016
ALBANY, New York, June 20, 2016: A new market research study added to the collection of ResearchMoz.us provides a comprehensive analysis of the global e-commerce payment market. The research report, titled “Global E-Commerce Payment Market 2016-2020,” points out the major factors influencing the dynamics of the overall market. The report offers a future outlook of the global market by studying the demand and supply of e-commerce payment products and services across different regions with the assistance of several analysis tools.
As per the research report, the global e-commerce payment market is projected to exhibit a steady 16% CAGR between 2016 and 2020. The rising popularity of mobile commerce is one of the major factors driving the global e-commerce payment market. The wide range of payment options offered by the major players is further expected to propel the m-commerce payment market in the next few years. However, privacy and security concerns are expected to restrict the growth of the global market in the forecast period.
The rising number of mobile consumers, who are all the time connected to the internet has rapidly changed the scenario of the internet-commerce in diverse sectors. The leading companies are helping clients to make the most of such opportunities by supporting several smartphone brands to offer mobile engagement policies. This has resulted in a considerable rise in the number of cellphone internet users across the globe, further propelling the e-commerce payment market.
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On the basis of payment mode, the global market for e-commerce payment has been classified into bank transfer, mobile, cards, cash on delivery, direct debits, and e-wallets. In 2015, the cards segment led the global e-commerce payment market, accounting for a 43% share. The leading players in the market are focusing on capitalizing technologies including tokenization, which will help in substituting sensitive data with non-sensitive equivalents. Initiatives like these are anticipated to augment the use of mobile payment technologies, thus fuelling the growth of the market.
By geography, the global e-commerce payment market can be divided into the Americas, EMEA, and APAC. In 2015, the Americas held a 38% share in the global e-commerce payment market and is projected to register a 14% CAGR between 2016 and 2020. The rise in the number of active internet users across different social media platforms has led to the increased use of mobile commerce (m-commerce) amongst consumers. In addition, the consumers are looking forward to technological upgrades such as Bluetooth or barcode-based wallet options. These factors are projected to contribute significantly towards the expansion of the e-commerce payment market in the Americas.
The leading players in the global e-commerce payment market include Visa, MasterCard, Alipay, and PayPal. Some of the other prominent players mentioned in the research report are WePay, Dwolla, and ACH Payments. Detailed profiles of these players have been presented in the scope of the research report, including the product portfolio, business policies, financial status, SWOT analysis, and recent developments if any.
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