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.

This report is available at a USD 1,000 discount for a limited time only:

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.

Looking for more information on this market?

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 Report

Market Outline Global E-Commerce Payment Market Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by application (cards, bank transfer, e-wallets, direct debits, and mobile)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Alibaba Group, PayPal, Visa, and Mastercard)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Technavio Research

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PUB: 08/22/2018 06:43 AM/DISC: 08/22/2018 06:43 AM

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