Industry Analysis & Industry Trends
Across the wire
The Online Payment Processing Software Developers industry has grown tremendously since 2007 and shows no sign of stopping over the next 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, one threat remains, which is external competition. Some merchants will not accept payments from online payment processors, and thus will limit the industry's revenue inputs.... purchase to read more
Industry Report - Industry Locations Chapter
The Online Payment Processing Software Developers industry, in line with the software sector as whole, tends to cluster in geographic areas with a high concentration of other technology firms and prominent universities. Since the quality of a software product is only as good as the programmers who create it, firms place a premium on maintaining close proximity to highly-skilled college graduates.
The West region's share of industry establishments (26.0%) is indicative of the prominence of California's Silicon Valley region which is home to a multitude of technology start-ups and software development firms. Indeed, California accounts for about 17.7% of industry establishments... purchase to read more