May 22, 2020   SOURCE: PR NewsWire

e-Commerce Payments Market 2020-2025: COVID-19 Pandemic Rapidly Accelerating Growth

DUBLIN, May 22, 2020 /PRNewswire/ -- The "E-commerce Payment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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The E-commerce Payment market worldwide is projected to grow by US$32.7 Billion, driven by a compounded growth of 12.9%.

Credit Cards, one of the segments analyzed and sized in this study, displays the potential to grow at over 11.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$18.8 Billion by the year 2025, Credit Cards will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 11.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.3 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.1 Billion worth of projected demand in the region will come from Rest of Europe markets.

In Japan, Credit Cards will reach a market size of US$831.1 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 16.3% over the next couple of years and add approximately US$7.7 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

    --  Global Competitor Market Shares
    --  E-commerce Payment Competitor Market Share Scenario Worldwide (in %):
        2019 & 2025
    --  Impact of COVID-19 and a Looming Global Recession
    --  E-commerce Payment: A Prelude
    --  Review of Major E-commerce Payment Platforms

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

    --  Robust Outlook for e-Commerce Provides the Foundation for Growth in the
        Market
    --  Robust Growth of E-Commerce Supported by the On-Demand Economy to
        Amplify the Importance of Electronic Payment Options: Global e-Commerce
        Sales (In US$ Billion) for the Years 2017, 2019 & 2022
    --  As the World Moves to a Cashless Society, e-Commerce Payments Stands at
        the Verge of Irrevocable Change
    --  As Global Non-Cash Transactions Spirals, Ecommerce Payments Market is
        Poised for Heady Opportunities Ahead: Global Number of Cashless
        Transactions (In Billion) by Geographic Region for the Years 2015, 2017,
        2019, 2021
    --  Rapid Penetration of Internet & Growing Ownership of Smartphones Drive
        the Preference for Online Payments
    --  Growing Base of Internet Users Worldwide as Evidenced by Growing
        Penetration Rates Provides the Platform for the Rise of Online Shopping
        & Electronic Payments: Global Internet User Penetration for the Years
        2017, 2019, 2022 and 2024
    --  Expanding Base of Smartphone Users to Over 38% of the Global Population
        Bodes Well for Online Shopping & Adoption of Mobile Payments Apps:
        Global Number of Smartphone Users for the Years 2016 through 2020
    --  Financial Inclusion & Reduction in the Number of Unbanked People Bodes
        Well for the Adoption of Online Payment Options
    --  Growing Global Efforts for Financial Inclusion to Catapult the
        Popularity and Importance of Digital Payment Platforms: Global Account
        Ownership by Gender (In %) Breakdown by High Income & Low and Middle
        Income Economies for the Years 2013, 2015 and 2019
    --  Development of Safe & Secure Payment Gateways Catalyzes the Confidence
        in Online Payments
    --  Blockchain Payments Emerges as a Technology that Knows No Boundaries,
        Redefining eCommerce & Driving Cross-Border eCommerce
    --  Spectacular Growth of Blockchain Technology & Its Promising Use in the
        Field of Digital Currency & Payments to Revolutionize eCommerce: Global
        Market for Blockchain (In US$ Billion) for the Years 2018, 2020, 2022
        and 2024
    --  Rise of Cryptocurrencies as a Payment Platform for Online Transactions,
        A Key Trend in the Market
    --  Growing Awareness of Cryptocurrencies Among Global Internet Users &
        Rising Ownership Rates Bodes Well for their Rise as Effective Platforms
        for eCommerce Payments: Ownership of Cryptocurrency (As % of Total
        Population) by Country for the Year 2019
    --  Mobile Biometrics Emerges to Add an Additional Layer of Payment Safety
        with Multiplier Impact on Adoption Rates
    --  Astounding Penetration of Biometrics for Mobile Devices to Push Up the
        Volume of Online Financial Transactions: Global % Share of Mobile
        Devices That Utilize Biometrics for Online Transactions for the Years
        2017, 2019, 2021 and 2023
    --  Global % Share of Type of Devices Sold With Biometrics Technology for
        the Years 2017, 2019 & 2021
    --  Innovations in FinTech & Rise of Mobile Commerce Drive the Popularity of
        Digital Wallets & Mobile Payment Apps
    --  As the Future of eCommerce Becomes Mobile, Mobile Wallet Emerges an
        Important eCommerce Payment Platform: Adoption of Mobile Wallet (In %)
        by Region/Country for the Year 2019
    --  Robust Mobile Commerce Market to Benefit the Growth of Mobile Wallets:
        Global Mobile Commerce Market (In US$ Billion) for the Years 2016 to
        2020
    --  Well Developed & Continuously Evolving Ecosystem of Mobile Payment Apps,
        a Key Growth Driver
    --  Growing Number of App Users Mirror the Well Developed Mobile Payment App
        Ecosystem their Growing Reach & Visibility Among Consumers: Global
        Number of Users (In Million) Breakdown by Leading Mobile Payment
        Platform for the Year 2018
    --  Supported by Myriad Benefits, Electronic Funds Transfer Grows in
        Prominence

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

    --  Total Companies Profiled: 46

For more information about this report visit https://www.researchandmarkets.com/r/k6uo3m

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