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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

The Online Payment Processing Software Developers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 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 (25.9%) 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 17.4% of industry establishments... 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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