Summary:- (New Report On Global Third Party Payment Market-Growth, Trends, and Forecast (2018-2023) added to Orbisresearch.com store which has 99 pages)
Dallas, USA – May 15, 2018 —
Description:- (Third Party Payment )
The Third Party Payment market is expected to register a CAGR of 42.9%, during the forecast period (2018 – 2023). The scope of the report is limited to the type and its various end-user application. The regions considered in the scope of the report include – North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Third party payment method is spread everywhere from, offline to online, restaurants to supermarket, railways to cabs.
Increase in cloud computing and growing e-commerce market are a few factors driving the growth of the market, where as privacy and security concerns are inhibiting its growth rate.
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Increase in Cloud Computing
Increase in cloud computing is one of the main reasons for tremendous growth of this market. The third party payment market is experiencing high demand from cloud-based solution providers, especially from small and medium enterprises (SMEs). The companies are providing cloud-based solutions to various organizations on monthly or annual subscription basis and receive payment via third party payment solutions. Also, the cloud-based solution providers market will increase which will, in turn, increase the third party payment market.
North America to Hold the Largest Market Share
North America held the largest share of this market and is expected to continue its dominance over the forecasted period. The countries in this region are developed, thus, online and mobile payments are already being used on large scale in these countries, as these are more technically advanced nations. Also, the e-commerce market is growing, with many e-commerce companies, such as Amazon, one of the largest e-commerce companies, headquartered in this region. Moreover, most of the third party payment providers are set up in this region, which roll out their pilot product in this region.
Key Developments In The Market
• March 2018 – First Data enabled Alipay Acceptance at 35,000 North American Merchants. The expansion allows U.S. merchants the ability to offer Alipay’s 600 million registered Chinese users the same, convenient payment experience they enjoy at home while traveling in the US
• July 2017 – Stripe has acquired Payable to help make it easier for platforms and marketplaces on Stripe Connect to meet their tax reporting obligations worldwide
Major Players – PAYPAL HOLDINGS, INC., STRIPE, 2CHECKOUT, FIRST DATA, AMAZON PAY, AUTHORIZE.NET, ALIPAY, amongst others.
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Major Point from Table of Content:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Third Party Payment Segmentation
6. Competitive Intelligence – Company Profiles
6.1 PayPal Holdings, Inc.
6.2 Stripe, Inc
6.3 2Checkout Inc
6.4 First Data Corporation
6.5 Amazon Inc
6.7 Alipay Co Ltd
6.8 Adyen BV
6.9 One97 Communication Ltd
6.10 FuturePay, Inc
7. Investment Analysis
8. Future Outlook of Third Party Payment Market
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