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Online Payment Processing Software Developers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Online Payment Processing Software Developers Market Research Report | Technology | E-commerce Technologies | Feb 2016

Paying up: Growth will continue as mobile payment systems become more accepted

IBISWorld’s Online Payment Processing Software Developers market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
PayPal PayPal market share
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 11-16
10.6%
Annual Growth 16-21
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Profit
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Employment
26,540
Businesses
1,645
Industry Analysis & Industry Trends

The Online Payment Processing Software Developers industry has grown tremendously over the past five years. As per capita disposable income is set to increase, more consumers will make purchases online, securing revenue for companies in this industry. Despite extremely positive forecasts, external competition and fears of security breaches may hinder potential growth. In addition, some merchants will not accept payments from online payment processors, thereby limiting industry revenue growth.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Online Payment Processing Software Developers industry is firmly in the growth phase of its life cycle. Industry value-added will grow at an estimated average of 9.6% annually in the 10 years to 2021, much faster than the expected 2.3% annualized growth rate of GDP over the same period. The industry only came into existence in the late-1990s, and has been rapidly growing ever since. Much of this growth has come from the increasing use by consumers of online retailers over traditional brick-and-mortar stores. As the popularity of online retailers has increased, demand for safe, reliable methods of making payments from consumer-to-business, business-to-business and consumer-to-consumer has increased apace... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Online Payment Processing Software Developers Industry?

This industry comprises establishments primarily engaged in developing online payments processing software. Online payments processing software enables merchants to authorize, settle and manage credit card and electronic check transactions through the internet.

Industry Products
Merchant accountsThird-party processors
 
Industry Activities
Developing online payment processing platformsDeveloping mobile online payment processing platformsPreventing and investigating fraud on online payment processing platforms


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