The Global e-commerce payment market is expected to grow from US$ 24.26 Bn in 2017 to US$ 64.69 Bn by 2025 at a CAGR of 13.1% between 2018 and 2025.
E-commerce payment market is experiencing growth all across the globe, with the rising preference for making online payments due to the availability of several payment methods. Furthermore, the rising adoption of smartphones and availability of internet is also propelling the e-commerce payment market growth. Moreover, the increasing number of banking population and digitalization, the e-commerce payment market is anticipated to flourish during the forecast period. The report focuses on an in-depth segmentation of E-Commerce Payment market based by type, industry vertical and geography.
Market Insights
APAC is recognized as the leading region throughout the forecast period
The Asia Pacific region comprises of several developing countries such as South Korea, India, Indonesia, and Malaysia among others. These countries are witnessing a high growth in their population, resulting in growth of e-commerce payment market. The e-commerce industry of the region is blooming with increasing penetration of internet as well as high adoption of smartphones and tablets. Also, the governments of emerging economies are taking initiatives for improving the banking population thus, providing better platform to online payment industry. Recently, a shift has been noticed wherein, consumers across APAC are preferring to pay online via alternative payment methods such as e-wallets, bank transfers and credit & debit cards. The increasing use of these payment methods is expected to significantly contribute towards the growth of payment gateways in e-commerce industry during the forecast period. These factors are anticipated to further propel the demand for e-commerce payment market in APAC region.
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E-commerce Payment Market: Strategic Insights
Market Size Value in US$ 24.26 Billion in 2017 Market Size Value by US$ 64.69 Billion by 2025 Growth rate CAGR of 13.1% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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E-commerce Payment Market: Strategic Insights
| Market Size Value in | US$ 24.26 Billion in 2017 |
| Market Size Value by | US$ 64.69 Billion by 2025 |
| Growth rate | CAGR of 13.1% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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Business Model in Retail remains untapped in Middle East region thus offering huge potential for industry players
Digital payments in the Middle East are at a breaking point as regulations, culture and technology witness paradigm shifts, opening the door for innovative companies to disrupt the oldest payment ecosystems. More than 80% of brick-and-mortar retail payments and 65% of e-commerce payments are still made in cash, and smartphone adoption exceeds 100% in several countries. Mobile penetration in the MEA region is on the verge of a new era that is driven by evolving consumer behavior, rapid industrialization, government ambitions, and changing economic condition. The opportunities have been identified in the growth in data access and revenues, which are becoming substantial and growing strongly; and also in digital payment services. This is being validated by the fact that the smartphone penetration in the region is greater than 65%. In addition, more than two-thirds of the population use the Internet, with penetration in the U.A.E. and Qatar exceeding 90%. The region has a substantial population of wealthy individuals with an appetite for luxury goods.Market initiative was observed as the most adopted strategy in global E-Commerce Payment market. Few of the recent strategies by some of the players in E-Commerce Payment market landscape are listed below-
2018:PayPal announced the extension of its partnership agreement with eBay. Through this agreement eBay continue to promote and accept PayPal Credit through marketplace platform.
2018:Alipay announced the launch itself in 20 European countries at the end of this year. The company signed contracts with over 40 digital wallets companies and 100 banks across Europe.
2018:Visa, Inc. announced the extension of its partnership with PayPal to Canada, for accelerating the implementation of reliable, secure, and appropriate mobile and digital payments for merchants and consumers.
E-commerce Payment Market Report Scope
Global E-Commerce Payment Market Segmentation
By Type
- Credit Card
- Debit Card
- Digital Payment/ E-Wallet
- Net Banking
- Gift Cards
- Others
By Industry
- Fashion
- Electronics & Media
- Food & Personal Care
- Furniture and Appliances
- Service Industry
- Others
By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- UK
- 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
Company Profiles
- PayPal Holdings, Inc.
- Amazon Payments, Inc.
- CCBill, LLC
- WePay Inc.
- Alipay
- Visa, Inc.
- MasterCard Incorporated
- Stripe Inc.
- American Express Company
- UnionPay International Co., Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
TABLE OF CONTENTS
1. INTRODUCTION 14
1.1 SCOPE OF THE STUDY 14
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 14
2. KEY TAKEAWAYS 16
3. E-COMMERCE PAYMENT MARKET LANDSCAPE 19
3.1 MARKET OVERVIEW 19
3.2 MARKET SEGMENTATION 20
3.2.1 Global E-commerce payment Market – By Types 21
3.2.2 Global E-commerce payment Market – By Industry 21
3.2.3 Global E-commerce payment Market – By Geography 21
3.3 PEST ANALYSIS 23
3.3.1 North America PEST Analysis 23
3.3.2 Europe PEST Analysis 25
3.3.3 Asia Pacific PEST analysis 27
3.3.4 Middle East & Africa PEST Analysis 29
3.3.5 South America PEST Analysis 31
4. E-COMMERCE PAYMENT MARKET – KEY INDUSTRY DYNAMICS 33
4.1 KEY MARKET DRIVERS 33
4.1.1 Increasing number of transaction on ecommerce platform via digital payment methods including credit card, debit card and e-wallets 33
4.1.2 Lowering entry barriers in the payment service market together with technological advancement will create favourable environment for e-commerce payment market 33
4.2 KEY MARKET RESTRAINTS 34
4.2.1 Cash based transactions are inhibiting the growth of the market 34
4.2.2 Increasing online fraud globally is affecting the e-commerce payment industry 34
4.3 KEY MARKET OPPORTUNITIES 35
4.3.1 Collaborations among e-commerce companies and local payment service providers 35
4.4 FUTURE TRENDS 36
4.4.1 Introduction of innovative technologies for enhanced authentication 36
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 36
5. E-COMMERCE PAYMENT MARKET – GLOBAL MARKET ANALYSIS 37
5.1 GLOBAL E-COMMERCE PAYMENT MARKET OVERVIEW 37
5.2 GLOBAL E-COMMERCE PAYMENT MARKET FORECAST AND ANALYSIS 38
6. E-COMMERCE PAYMENT MARKET REVENUE AND FORECAST TO 2025 – TYPE 39
6.1 OVERVIEW 39
6.2 GLOBAL E-COMMERCE PAYMENT MARKET BREAKDOWN, BY TYPE, 2017 & 2025 39
6.3 CREDIT CARD MARKET 41
6.3.1 Overview 41
6.3.2 Credit Card Market Forecast and Analysis 41
6.4 DEBIT CARD MARKET 42
6.4.1 Overview 42
6.4.2 Debit Card Market Forecast and Analysis 42
6.5 DIGITAL PAYMENT/E-WALLET MARKET 43
6.5.1 Overview 43
6.5.2 Digital Payment/E-Wallet Market Forecast and Analysis 43
6.6 NET BANKING MARKET 44
6.6.1 Overview 44
6.6.2 Net Banking Market Forecast and Analysis 44
6.7 OTHERS MARKET 45
6.7.1 Overview 45
6.7.2 Others Market Forecast and Analysis 45
7. E-COMMERCE PAYMENT MARKET REVENUE AND FORECAST TO 2025 – INDUSTRY 46
7.1 OVERVIEW 46
7.2 GLOBAL E-COMMERCE PAYMENT MARKET BREAKDOWN, BY INDUSTRY, 2017 & 2025 46
7.3 FASHION MARKET 47
7.3.1 Overview 47
7.3.2 Fashion Market Forecast and Analysis 47
7.4 ELECTRONICS & MEDIA MARKET 48
7.4.1 Overview 48
7.4.2 Electronics & Media Market Forecast and Analysis 48
7.5 FOOD & PERSONAL CARE MARKET 49
7.5.1 Overview 49
7.5.2 Food & Personal Care Market Forecast and Analysis 49
7.6 FURNITURE & APPLIANCES MARKET 50
7.6.1 Overview 50
7.6.2 Furniture & Appliances Market Forecast and Analysis 50
7.7 SERVICE INDUSTRY & OTHERS MARKET 51
7.7.1 Overview 51
7.7.2 Service Industry & Others Market Forecast and Analysis 51
8. E-COMMERCE PAYMENT MARKET – GEOGRAPHICAL ANALYSIS 52
8.1 OVERVIEW 52
8.2 NORTH AMERICA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 53
8.2.1 Overview 53
8.2.2 North America E-Commerce Payment Market Breakdown by Key Countries 54
8.2.2.1 U.S. E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 55
8.2.2.2 Canada E-Commerce Payment Market Revenue and Forecast to 2025 (US$ Mn) 56
8.2.2.3 Mexico E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 57
8.2.3 North America E-Commerce Payment Market Breakdown by Type 58
8.2.4 North America E-Commerce Payment Market Breakdown by Industry 59
8.3 EUROPE E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 60
8.3.1 Overview 60
8.3.2 Europe E-Commerce Payment Market Breakdown by Key Countries 61
8.3.2.1 France E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 62
8.3.2.2 Germany E-Commerce Payment Market Revenue and Forecast to 2025 (US$ Mn) 63
8.3.2.3 Italy E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 64
8.3.2.4 U.K E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 65
8.3.2.5 Spain E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 66
8.3.2.6 Rest of Europe E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 67
8.3.3 Europe E-Commerce Payment Market Breakdown by Type 67
8.3.4 Europe E-Commerce Payment Market Breakdown by Industry 68
8.4 APAC E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 70
8.4.1 Overview 70
8.4.2 APAC E-Commerce Payment Market Breakdown by Key Countries 71
8.4.2.1 AUSTRALIA E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 72
8.4.2.2 China E-Commerce Payment Market Revenue and Forecast to 2025 (US$ Mn) 73
8.4.2.3 India E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 74
8.4.2.4 Japan E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 75
8.4.2.5 Rest of APAC E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 76
8.4.3 APAC E-Commerce Payment Market Breakdown by Type 77
8.4.4 APAC E-commerce payment Market Breakdown by Industry 78
8.5 MIDDLE EAST & AFRICA (MEA) E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 79
8.5.1 Overview 79
8.5.2 MEA E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 80
8.5.3 MEA E-commerce payment Market Breakdown by Key Countries 81
8.5.3.1 Saudi Arabia E-commerce payment Market Revenue and Forecast to 2025 (US$ Mn) 82
8.5.3.2 UAE E-commerce payment Market Revenue and Forecasts to 2025 (US$ Mn) 83
8.5.3.3 South Africa E-commerce payment Market Revenue and Forecasts to 2025 (US$ Mn) 84
8.5.3.4 Rest of MEA E-commerce payment Market Revenue and Forecasts to 2025 (US$ Mn) 85
8.5.4 MEA E-commerce payment Market Breakdown by Type 86
8.5.5 MEA E-commerce payment Market Breakdown by Industry 87
8.6 SOUTH AMERICA (SAM) E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 88
8.6.1 Overview 88
8.6.2 SAM E-Commerce Payment Market Breakdown by Key Countries 89
8.6.2.1 Brazil E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 89
8.6.2.2 Rest of SAM E-Commerce Payment Market Revenue and Forecasts to 2025 (US$ Mn) 90
8.6.3 SAM E-commerce payment Market Breakdown by Type 90
8.6.4 SAM E-commerce payment Market Breakdown by Industry 91
9. INDUSTRY LANDSCAPE 93
9.1 OVERVIEW 93
9.2 MARKET INITIATIVE 94
9.3 NEW PRODUCT DEVELOPMENT 96
10. COMPETITIVE LANDSCAPE 97
10.1 COMPETITIVE PRODUCT MAPPING 97
10.2 MARKET POSITIONING – GLOBAL TOP 5 PLAYERS RANKING 98
11. COMPANY PROFILES 99
11.1 PAYPAL HOLDINGS, INC. 99
11.1.1 Key Facts 99
11.1.2 Business Description 99
11.1.3 Financial Overview 100
11.1.4 SWOT Analysis 100
11.1.5 Key Developments 102
11.2 AMAZON PAYMENTS, INC. 103
11.2.1 Key Facts 103
11.2.2 Business Description 103
11.2.3 Financial Overview 103
11.2.4 SWOT Analysis 104
11.2.5 Key Developments 105
11.3 CCBILL, LLC 106
11.3.1 Key Facts 106
11.3.2 Business Description 106
11.3.3 Financial Overview 106
11.3.4 SWOT Analysis 107
11.3.5 Key Developments 108
11.4 WEPAY INC. 109
11.4.1 Key Facts 109
11.4.2 Business Description 109
11.4.3 Financial Overview 109
11.4.4 SWOT Analysis 110
11.4.5 Key Developments 111
11.5 ALIPAY 112
11.5.1 Key Facts 112
11.5.2 Business Description 112
11.5.3 Financial Overview 112
11.5.4 SWOT Analysis 113
11.5.5 Key Developments 114
11.6 VISA, INC. 115
11.6.1 Key Facts 115
11.6.2 Business Description 115
11.6.3 Financial Overview 115
11.6.4 SWOT Analysis 116
11.6.5 Key Developments 117
11.7 MASTERCARD INCORPORATED 118
11.7.1 Key Facts 118
11.7.2 Business Description 118
11.7.3 Financial Overview 119
11.7.4 SWOT Analysis 119
11.7.5 Key Developments 121
11.8 STRIPE INC. 122
11.8.1 Key Facts 122
11.8.2 Business Description 122
11.8.3 Financial Overview 122
11.8.4 SWOT Analysis 123
11.8.5 Key Developments 124
11.9 AMERICAN EXPRESS COMPANY 125
11.9.1 Key Facts 125
11.9.2 Business Description 125
11.9.3 Financial Overview 126
11.9.4 SWOT Analysis 126
11.9.5 Key Developments 127
11.10 UNIONPAY INTERNATIONAL CO., LTD. 129
11.10.1 Key Facts 129
11.10.2 Business Description 129
11.10.3 Financial Overview 129
11.10.4 SWOT Analysis 130
11.10.5 Key Developments 131
12. APPENDIX 132
12.1 ABOUT THE INSIGHT PARTNERS 132
12.2 GLOSSARY OF TERMS 132
12.3 METHODOLOGY 134
12.3.1 Coverage 134
12.3.2 Secondary Research 134
12.3.3 Primary Research 135
LIST OF TABLES
TABLE 1. NORTH AMERICA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 – BY TYPE (US$ MN) 58
TABLE 2. NORTH AMERICA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 – BY INDUSTRY (US$ MN) 59
TABLE 3. EUROPE E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 – BY TYPE (US$ MN) 68
TABLE 4. EUROPE E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 – BY INDUSTRY (US$ MN) 69
TABLE 5. APAC E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 – BY TYPE (US$ MN) 77
TABLE 6. APAC E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 – BY INDUSTRY (US$ MN) 78
TABLE 7. MEA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 – BY TYPE (US$ MN) 86
TABLE 8. MEA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 – BY INDUSTRY (US$ MN) 87
TABLE 9. SAM E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 – BY TYPE (US$ MN) 91
TABLE 10. SAM E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 – BY INDUSTRY (US$ MN) 92
TABLE 11. GLOSSARY OF TERM: E-COMMERCE PAYMENT MARKET 132
LIST OF FIGURES
FIGURE 1. APAC MARKET, TOTAL REVENUE (US$ MN), 2017 & 2025 16
FIGURE 2. MEA MARKET, TOTAL REVENUE (US$ MN), 2017 & 2025 17
FIGURE 3. DIGITAL PAYMENT/E-WALLET MARKET, TOTAL REVENUE (US$ MN), 2017 & 2025 18
FIGURE 4. E-COMMERCE PAYMENT MARKET SEGMENTATION 20
FIGURE 5. E-COMMERCE PAYMENT MARKET SEGMENTATION - BY GEOGRAPHY 20
FIGURE 6. NORTH AMERICA – PEST ANALYSIS 23
FIGURE 7. EUROPE – PEST ANALYSIS 25
FIGURE 8. ASIA PACIFIC – PEST ANALYSIS 27
FIGURE 9. MIDDLE EAST AND AFRICA – PEST ANALYSIS 29
FIGURE 10. SOUTH AMERICA – PEST ANALYSIS 31
FIGURE 11. CASH ON DELIVERY PAYMENT MODE, BY COUNTRIES, 2016 34
FIGURE 12. OVERALL FRAUD LOSS BY ORDER CHANNEL, 2017 35
FIGURE 13. E-COMMERCE PAYMENT MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 36
FIGURE 14. GLOBAL E-COMMERCE PAYMENT MARKET 37
FIGURE 15. GLOBAL E-COMMERCE PAYMENT MARKET FORECAST AND ANALYSIS 38
FIGURE 16. GLOBAL E-COMMERCE PAYMENT MARKET BREAKDOWN, BY TYPE, 2017 & 2025 (%) 40
FIGURE 17. GLOBAL CREDIT CARD MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 41
FIGURE 18. GLOBAL DEBIT CARD MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 42
FIGURE 19. GLOBAL DIGITAL PAYMENT/E-WALLET MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 43
FIGURE 20. GLOBAL NET BANKING MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 44
FIGURE 21. GLOBAL OTHERS MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 45
FIGURE 22. GLOBAL E-COMMERCE PAYMENT MARKET BREAKDOWN, BY INDUSTRY, 2017 & 2025 (%) 46
FIGURE 23. GLOBAL FASHION MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 47
FIGURE 24. GLOBAL ELECTRONICS & MEDIA MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 48
FIGURE 25. GLOBAL FOOD & PERSONAL CARE MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 49
FIGURE 26. GLOBAL FURNITURE & APPLIANCES MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 50
FIGURE 27. GLOBAL SERVICE INDUSTRY & OTHERS MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 51
FIGURE 28. E-COMMERCE PAYMENT MARKET, GLOBAL BREAKDOWN BY REGIONS, 2017 & 2025 (%) 52
FIGURE 29. NORTH AMERICA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 53
FIGURE 30. NORTH AMERICA E-COMMERCE PAYMENT MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 54
FIGURE 31. U.S. E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 55
FIGURE 32. CANADA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 56
FIGURE 33. MEXICO E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 57
FIGURE 34. NORTH AMERICA E-COMMERCE PAYMENT MARKET BREAKDOWN BY TYPE, 2017 & 2025 (%) 58
FIGURE 35. NORTH AMERICA E-COMMERCE PAYMENT MARKET BREAKDOWN BY INDUSTRY, 2017 & 2025 (%) 59
FIGURE 36. EUROPE E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 60
FIGURE 37. EUROPE E-COMMERCE PAYMENT MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 61
FIGURE 38. FRANCE E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 62
FIGURE 39. GERMANY E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 63
FIGURE 40. ITALY E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 64
FIGURE 41. U.K E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 65
FIGURE 42. SPAIN E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 66
FIGURE 43. REST OF EUROPE E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 67
FIGURE 44. EUROPE E-COMMERCE PAYMENT MARKET BREAKDOWN BY TYPE, 2017 & 2025 (%) 67
FIGURE 45. EUROPE E-COMMERCE PAYMENT MARKET BREAKDOWN BY INDUSTRY, 2017 & 2025 (%) 68
FIGURE 46. APAC E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 70
FIGURE 47. APAC E-COMMERCE PAYMENT MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 71
FIGURE 48. AUSTRALIA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 72
FIGURE 49. CHINA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 73
FIGURE 50. INDIA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 74
FIGURE 51. JAPAN E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 75
FIGURE 52. REST OF APAC E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 76
FIGURE 53. APAC E-COMMERCE PAYMENT MARKET BREAKDOWN BY TYPE, 2017 & 2025 (%) 77
FIGURE 54. APAC E-COMMERCE PAYMENT MARKET BREAKDOWN BY INDUSTRY, 2017 & 2025 (%) 78
FIGURE 55. MEA E-COMMERCE PAYMENT MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 81
FIGURE 56. SAUDI ARABIA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 82
FIGURE 57. UAE E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 83
FIGURE 58. SOUTH AFRICA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 84
FIGURE 59. REST OF MEA E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 85
FIGURE 60. MEA E-COMMERCE PAYMENT MARKET BREAKDOWN BY TYPE, 2017 & 2025 (%) 86
FIGURE 61. MEA E-COMMERCE PAYMENT MARKET BREAKDOWN BY INDUSTRY, 2017 & 2025 (%) 87
FIGURE 62. SAM E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 88
FIGURE 63. SAM E-COMMERCE PAYMENT MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 89
FIGURE 64. BRAZIL E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 89
FIGURE 65. REST OF SAM E-COMMERCE PAYMENT MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 90
FIGURE 66. SAM E-COMMERCE PAYMENT MARKET BREAKDOWN BY TYPE, 2017 & 2025 (%) 90
FIGURE 67. SAM E-COMMERCE PAYMENT MARKET BREAKDOWN BY INDUSTRY, 2017 & 2025 (%) 91
FIGURE 68. ECOMMERCE PAYMENT MARKET, INDUSTRY LANDSCAPE (2015-2018) % 93
The List of Companies
1. PayPal Holdings, Inc.
2. Amazon Payments, Inc.
3. CCBill, LLC
4. WePay Inc.
5. Alipay
6. Visa, Inc.
7. MasterCard Incorporated
8. Stripe Inc.
9. American Express Company
10. UnionPay International Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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