“E-commerce Payment Market Overview: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global e-commerce payment market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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E-commerce payment represents a fast, easy, convenient, and secure payment method that facilitates commercial transactions electronically via the internet without the use of cheques or cash. It offers various benefits to the seller, such as minimal transaction costs, higher margins of profit, direct communication between the parties involved, etc. Some of the commonly utilized methods for e-commerce payments include mobile wallets, credit cards, internet banking, etc. They are processed by secure gateways and can be traced easily as details of the payments are stored in a merchant-specific database. Consequently, when compared to conventional transactions, e-commerce payments are gaining extensive traction across the globe.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
E-Commerce Payment Industry Trends and Drivers:
The increasing consumer inclination towards online retail channels that provide a hassle-free shopping experience at affordable price points is primarily driving the e-commerce payment market. Additionally, the rising utilization of several electronic devices, including smartphones, laptops, tablets, etc., on account of the growing penetration of high-speed internet services, is further catalyzing the market growth. Besides this, government bodies across countries are launching various favorable policies to promote the adoption of digital payment methods in order to reduce tax frauds, maintain money trails, encourage cashless transactions, etc., which is acting as another significant growth-inducing factor. Moreover, the introduction of numerous advanced technologies, such as blockchain, machine learning (ML), artificial intelligence (AI), etc., is anticipated to fuel the e-commerce payment market over the forecasted period.
Browse complete report with tables of contents and list of figures & tables: https://www.syndicatedanalytics.com/e-commerce-payment-market
E-Commerce Payment Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the global e-commerce payment industry with the leading players profiled in the report.
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