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E-commerce Payment - Global Market Trajectory & Analytics

  • ID: 4845725
  • Report
  • July 2020
  • Region: Global
  • 193 pages
  • Global Industry Analysts, Inc
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Global E-commerce Payment Market to Reach $60.5 Billion by 2027

Amid the COVID-19 crisis, the global market for E-commerce Payment estimated at US$27.8 Billion in the year 2020, is projected to reach a revised size of US$60.5 Billion by 2027, growing at a CAGR of 11.8% over the analysis period 2020-2027. Credit Cards, one of the segments analyzed in the report, is projected to record a 10.1% CAGR and reach US$19.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Debit Card segment is readjusted to a revised 10.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.5 Billion, While China is Forecast to Grow at 15.2% CAGR

The E-commerce Payment market in the U.S. is estimated at US$7.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$13 Billion by the year 2027 trailing a CAGR of 15.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 10.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.

Digital Payment/E-Wallet Segment to Record 14.2% CAGR

In the global Digital Payment/E-Wallet segment, USA, Canada, Japan, China and Europe will drive the 13.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.9 Billion in the year 2020 will reach a projected size of US$14.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.9 Billion by the year 2027, while Latin America will expand at a 15.9% CAGR through the analysis period. We bring years of research experience to this 8th edition of our report. The 193-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Alibaba Group Holding Ltd.
  • MasterCard, Inc.
  • PayPal, Inc.
  • Visa, Inc.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

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

Impact of Covid-19 and a Looming Global Recession

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

TABLE 1: E-commerce Payment Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: E-commerce Payment Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: E-commerce Payment Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Credit Cards (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
TABLE 5: Credit Cards (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 6: Credit Cards (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Debit Card (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027
TABLE 8: Debit Card (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019
TABLE 9: Debit Card (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 10: Digital Payment/E-Wallet (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 11: Digital Payment/E-Wallet (End-Use) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019
TABLE 12: Digital Payment/E-Wallet (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Net Banking (End-Use) Demand Potential Worldwide in US$ Million by Region/Country: 2020-2027
TABLE 14: Net Banking (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019
TABLE 15: Net Banking (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Other End-Uses (End-Use) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 17: Other End-Uses (End-Use) Global Historic Analysis in US$ Million by Region/Country: 2012-2019
TABLE 18: Other End-Uses (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US E-commerce Payment Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 19: United States E-commerce Payment Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 20: E-commerce Payment Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019
TABLE 21: E-commerce Payment Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027

CANADA

TABLE 22: Canadian E-commerce Payment Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 23: E-commerce Payment Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 24: Canadian E-commerce Payment Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

JAPAN

TABLE 25: Japanese Demand Estimates and Forecasts for E-commerce Payment in US$ Million by End-Use: 2020 to 2027
TABLE 26: Japanese E-commerce Payment Market in US$ Million by End-Use: 2012-2019
TABLE 27: E-commerce Payment Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027

CHINA

TABLE 28: Chinese Demand for E-commerce Payment in US$ Million by End-Use: 2020 to 2027
TABLE 29: E-commerce Payment Market Review in China in US$ Million by End-Use: 2012-2019
TABLE 30: Chinese E-commerce Payment Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

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

Market Analytics
TABLE 31: European E-commerce Payment Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 32: E-commerce Payment Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 33: European E-commerce Payment Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 34: European E-commerce Payment Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 35: E-commerce Payment Market in Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 36: European E-commerce Payment Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

FRANCE

TABLE 37: E-commerce Payment Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027
TABLE 38: French E-commerce Payment Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 39: French E-commerce Payment Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

GERMANY

TABLE 40: E-commerce Payment Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 41: German E-commerce Payment Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 42: E-commerce Payment Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027

ITALY

TABLE 43: Italian Demand for E-commerce Payment in US$ Million by End-Use: 2020 to 2027
TABLE 44: E-commerce Payment Market Review in Italy in US$ Million by End-Use: 2012-2019
TABLE 45: Italian E-commerce Payment Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 46: United Kingdom Demand Estimates and Forecasts for E-commerce Payment in US$ Million by End-Use: 2020 to 2027
TABLE 47: United Kingdom E-commerce Payment Market in US$ Million by End-Use: 2012-2019
TABLE 48: E-commerce Payment Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027

SPAIN

TABLE 49: Spanish E-commerce Payment Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 50: E-commerce Payment Market in Spain: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 51: Spanish E-commerce Payment Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

RUSSIA

TABLE 52: Russian E-commerce Payment Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 53: E-commerce Payment Historic Demand Patterns in Russia by End-Use in US$ Million for 2012-2019
TABLE 54: E-commerce Payment Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 55: Rest of Europe E-commerce Payment Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 56: E-commerce Payment Market in Rest of Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 57: Rest of Europe E-commerce Payment Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 58: Asia-Pacific E-commerce Payment Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 59: E-commerce Payment Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 60: Asia-Pacific E-commerce Payment Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 61: E-commerce Payment Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027
TABLE 62: Asia-Pacific E-commerce Payment Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 63: Asia-Pacific E-commerce Payment Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

AUSTRALIA

TABLE 64: E-commerce Payment Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 65: Australian E-commerce Payment Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 66: E-commerce Payment Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027

INDIA

TABLE 67: Indian E-commerce Payment Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 68: E-commerce Payment Market in India: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 69: Indian E-commerce Payment Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

SOUTH KOREA

TABLE 70: E-commerce Payment Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
TABLE 71: South Korean E-commerce Payment Historic Market Analysis in US$ Million by End-Use: 2012-2019
TABLE 72: E-commerce Payment Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 73: Rest of Asia-Pacific Demand Estimates and Forecasts for E-commerce Payment in US$ Million by End-Use: 2020 to 2027
TABLE 74: Rest of Asia-Pacific E-commerce Payment Market in US$ Million by End-Use: 2012-2019
TABLE 75: E-commerce Payment Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 76: Latin American E-commerce Payment Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 77: E-commerce Payment Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 78: Latin American E-commerce Payment Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 79: Latin American Demand for E-commerce Payment in US$ Million by End-Use: 2020 to 2027
TABLE 80: E-commerce Payment Market Review in Latin America in US$ Million by End-Use: 2012-2019
TABLE 81: Latin American E-commerce Payment Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

ARGENTINA

TABLE 82: Argentinean E-commerce Payment Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 83: E-commerce Payment Market in Argentina: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 84: Argentinean E-commerce Payment Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

BRAZIL

TABLE 85: E-commerce Payment Quantitative Demand Analysis in Brazil in US$ Million by End-Use: 2020-2027
TABLE 86: Brazilian E-commerce Payment Historic Market Review in US$ Million by End-Use: 2012-2019
TABLE 87: Brazilian E-commerce Payment Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

MEXICO

TABLE 88: E-commerce Payment Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 89: Mexican E-commerce Payment Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 90: E-commerce Payment Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 91: Rest of Latin America E-commerce Payment Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 92: E-commerce Payment Historic Demand Patterns in Rest of Latin America by End-Use in US$ Million for 2012-2019
TABLE 93: E-commerce Payment Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 94: The Middle East E-commerce Payment Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 95: E-commerce Payment Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 96: The Middle East E-commerce Payment Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 97: The Middle East E-commerce Payment Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027
TABLE 98: E-commerce Payment Market in the Middle East: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019
TABLE 99: The Middle East E-commerce Payment Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

IRAN

TABLE 100: Iranian Demand Estimates and Forecasts for E-commerce Payment in US$ Million by End-Use: 2020 to 2027
TABLE 101: Iranian E-commerce Payment Market in US$ Million by End-Use: 2012-2019
TABLE 102: E-commerce Payment Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027

ISRAEL

TABLE 103: Israeli E-commerce Payment Addressable Market Opportunity in US$ Million by End-Use: 2020-2027
TABLE 104: E-commerce Payment Market in Israel: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019
TABLE 105: Israeli E-commerce Payment Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 106: Saudi Arabian Demand for E-commerce Payment in US$ Million by End-Use: 2020 to 2027
TABLE 107: E-commerce Payment Market Review in Saudi Arabia in US$ Million by End-Use: 2012-2019
TABLE 108: Saudi Arabian E-commerce Payment Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

UNITED ARAB EMIRATES

TABLE 109: E-commerce Payment Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027
TABLE 110: United Arab Emirates E-commerce Payment Historic Market Analysis in US$ Million by End-Use: 2012-2019
TABLE 111: E-commerce Payment Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 112: E-commerce Payment Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027
TABLE 113: Rest of Middle East E-commerce Payment Market in Retrospect in US$ Million by End-Use: 2012-2019
TABLE 114: E-commerce Payment Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027

AFRICA

TABLE 115: African E-commerce Payment Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027
TABLE 116: E-commerce Payment Historic Demand Patterns in Africa by End-Use in US$ Million for 2012-2019
TABLE 117: E-commerce Payment Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 46

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