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 (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 17.4% of industry establishments... purchase to read more