Global E-Commerce Payment Market 2018-2022 | Cards Segment Dominates the Global Market | Technavio
Aug. 22, 2018
LONDON--(BUSINESS WIRE)--Aug 22, 2018--According to the latest market research report released by Technavio, the global e-commerce payment market is expected to generate a revenue of USD 135 billion by 2022. The rise in the use of wireless networks is one of the key factors triggering the growth of the market.
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Technavio has published a new market research report on the global e-commerce payment market from 2018-2022. (Graphic: Business Wire)
This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global e-commerce payment market into the following application:Cards Bank transfer E-wallets Direct debits Mobile
In 2017, the cards segment accounted for 45% of the global market and is projected to fall to 23% by 2022, exhibiting almost 22% decrease in market share. The e-wallets segment will contribute to the maximum share of this market by the end of the forecast period.
Global e-commerce payment market: Top emerging trend
The rise in mobile biometrics for payment is an emerging trend in the e-commerce payment market space. As per the current market scenario, the use of mobile devices for conducting financial and e-commerce transactions has increased significantly. Thus, the increasing trend is leading towards innovation of biometrics technologies such as fingerprint recognition, voice recognition, iris recognition, signature recognition, keystroke recognition, and facial recognition. These biometric technologies will ensure authorized access to personal data, which will increase the prevention of any fraudulent activities in monetary transactions. Additionally, multimodal biometrics are being used on mobile devices for individual identification and verification. This technology is being used for making mobile payments in retail sector more secure and safe.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive ReportMarket Outline Global E-Commerce Payment Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (cards, bank transfer, e-wallets, direct debits, and mobile)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Alibaba Group, PayPal, Visa, and Mastercard)
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SOURCE: Technavio Research
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PUB: 08/22/2018 06:43 AM/DISC: 08/22/2018 06:43 AM