Global eCommerce Payments Markets to 2030 | A $612 Billion Opportunity

eCommerce Payments Market

Dublin, May 02, 2024 (GLOBE NEWSWIRE) — The “eCommerce Payments – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for eCommerce Payments estimated at US$243.9 Billion in the year 2023, is projected to reach a revised size of US$612.1 Billion by 2030, growing at a CAGR of 12.2% over the analysis period 2023-2030. Cards, one of the segments analyzed in the report, is expected to record 12.9% CAGR and reach US$274.7 Billion by the end of the analysis period. Growth in the Digital Payment / E-Wallet segment is estimated at 13.6% CAGR for the next 8-year period.

The eCommerce Payments market in the U.S. is estimated at US$65.5 Billion in the year 2023. China, the world’s second largest economy, is forecast to reach a projected market size of US$169 Billion by the year 2030 trailing a CAGR of 18.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 9.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.

The e-commerce market’s robust outlook is bolstered by the on-demand economy, driving the importance of electronic payment options. Global e-commerce sales have seen significant growth, reflecting the world’s shift towards a cashless society. This trend is further amplified by the rapid penetration of the internet and increasing smartphone ownership, with over 38% of the global population now using smartphones. Financial inclusion efforts have reduced the number of unbanked individuals, facilitating the adoption of online payment options. Blockchain technology and cryptocurrencies are reshaping e-commerce by providing secure, cross-border payment solutions. Additionally, innovations in fintech and the rise of mobile commerce have propelled the popularity of digital wallets and mobile payment apps, creating a continuously evolving ecosystem that supports the growth of electronic funds transfer.

Report Features

• Full access to influencer engagement stats

• Access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.

• Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities

• Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas

• Complimentary report updates for one year

• Competitor coverage with global market shares of major players

• Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies

• Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

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Select Competitors (Total 29 Featured)

• Alibaba Group Holding Ltd.

• Alipay

• Amazon Payments, Inc.

• Amazon.com Inc.

• American Express Company

• Apple Inc.

• Capital One Financial Corp.

• CCBill, LLC

• MasterCard Incorporated

• PayPal Holdings, Inc.

• Stripe Inc.

• The OLB Group Inc.

• UnionPay International Co. Ltd.

• Visa, Inc.

• WePay Inc.

Key Attributes

Key Topics Covered

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights

• World Market Trajectories

• E-commerce Payment – Global Key Competitors Percentage Market Share in 2022 (E)

• E-commerce Payment Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

• Global Economic Update

• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• 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

For more information about this report visit https://www.researchandmarkets.com/r/fbv11p

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