Global eCommerce Payments Market to Reach $612.1 Billion by 2030
The global market for eCommerce Payments estimated at US$206.7 Billion in the year 2022, is projected to reach a revised size of US$612.1 Billion by 2030, growing at a CAGR of 14.5% over the analysis period 2022-2030. Cards, one of the segments analyzed in the report, is projected to record a 15.4% CAGR and reach US$274.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Digital Payment / E-Wallet segment is readjusted to a revised 16.2% CAGR for the next 8-year period.The U.S. Market is Estimated at $56.3 Billion, While China is Forecast to Grow at 21.9% CAGR
The eCommerce Payments market in the U.S. is estimated at US$56.3 Billion in the year 2022. 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 21.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 12% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$87.2 Billion by the year 2030.Select Competitors (Total 29 Featured) -
- Alibaba Group Holding Ltd.
- Alipay
- Amazon Payments, Inc.
- Amazon.com Inc.
- American Express Company
- Apple Inc.
- Capital One Financial Corp.
- CCBill, LLC
- MasterCard Incorporated
- PayPal Holdings, Inc.
- Stripe Inc.
- The OLB Group Inc.
- UnionPay International Co., Ltd.
- Visa, Inc.
- WePay Inc.
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- E-commerce Payment - Global Key Competitors Percentage Market Share in 2022 (E)
- E-commerce Payment Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- E-commerce Payment: A Prelude
- Review of Major E-commerce Payment Platforms
3. MARKET TRENDS & DRIVERS
- Robust Outlook for e-Commerce Provides the Foundation for Growth in the Market
- Robust Growth of E-Commerce Supported by the On-Demand Economy to Amplify the Importance of Electronic Payment Options: Global e-Commerce Sales (In US$ 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: World eCommerce Payments Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- Table 2: World Recent Past, Current & Future Analysis for eCommerce Payments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 3: World Historic Review for eCommerce Payments by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 4: World 16-Year Perspective for eCommerce Payments by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
- Table 5: World Recent Past, Current & Future Analysis for Cards by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 6: World Historic Review for Cards by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 7: World 16-Year Perspective for Cards by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 8: World Recent Past, Current & Future Analysis for Digital Payment / E-Wallet by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 9: World Historic Review for Digital Payment / E-Wallet by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 10: World 16-Year Perspective for Digital Payment / E-Wallet by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 11: World Recent Past, Current & Future Analysis for Net Banking by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 12: World Historic Review for Net Banking by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 13: World 16-Year Perspective for Net Banking by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 14: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 15: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 16: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
UNITED STATES
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 17: USA Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 18: USA Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 19: USA 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
CANADA
- Table 20: Canada Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 21: Canada Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 22: Canada 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
JAPAN
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 23: Japan Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 24: Japan Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 25: Japan 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
CHINA
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 26: China Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 27: China Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 28: China 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
EUROPE
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 29: Europe Recent Past, Current & Future Analysis for eCommerce Payments by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 30: Europe Historic Review for eCommerce Payments by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 31: Europe 16-Year Perspective for eCommerce Payments by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
- Table 32: Europe Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 33: Europe Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 34: Europe 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
FRANCE
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 35: France Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 36: France Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 37: France 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
GERMANY
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 38: Germany Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 39: Germany Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 40: Germany 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
ITALY
- Table 41: Italy Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 42: Italy Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 43: Italy 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
UNITED KINGDOM
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 44: UK Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 45: UK Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 46: UK 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
SPAIN
- Table 47: Spain Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 48: Spain Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 49: Spain 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
RUSSIA
- Table 50: Russia Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 51: Russia Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 52: Russia 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
REST OF EUROPE
- Table 53: Rest of Europe Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 54: Rest of Europe Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 55: Rest of Europe 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
ASIA-PACIFIC
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 56: Asia-Pacific Recent Past, Current & Future Analysis for eCommerce Payments by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 57: Asia-Pacific Historic Review for eCommerce Payments by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 58: Asia-Pacific 16-Year Perspective for eCommerce Payments by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
- Table 59: Asia-Pacific Recent Past, Current & Future Analysis for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 60: Asia-Pacific Historic Review for eCommerce Payments by Application - Cards, Digital Payment / E-Wallet, Net Banking and Other Applications Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 61: Asia-Pacific 16-Year Perspective for eCommerce Payments by Application - Percentage Breakdown of Value Sales for Cards, Digital Payment / E-Wallet, Net Banking and Other Applications for the Years 2014, 2023 & 2030
AUSTRALIA
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
LATIN AMERICA
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
MIDDLE EAST
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
AFRICA
- eCommerce Payments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 167 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 206.7 Billion |
Forecasted Market Value ( USD | $ 612.1 Billion |
Compound Annual Growth Rate | 14.5% |
Regions Covered | Global |