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

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 over the next five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 12-17
7.2%
Forecast Growth 17-22
Profit
Employment
33,682
Businesses
2,452

Industry Threats & Opportunities

  • Mobile payment processing systems are expected to become a prominent part of the industry
  • The high average profit margin in this industry has attracted a flood of new entrants
  • Mobile payment platforms will significantly grow in importance over the next five years
  • Industry Report - Starting a New Business Chapter

    The industry has medium barriers to entry. While concentration in the industry is moderate, competition is increasing and is expected to force many operators out of the industry over the five years to 2022. This increasing competition and expected consolidation represents some obstacles new entrants to the industry may struggle to overcome. New entrants must have a fundamental knowledge of website development, online financial transactions and securing sensitive information on the internet. This necessitates a workforce of highly skilled employees and an investment in an infrastructure to provide online payment services. Furthermore, regardless of how secure a new entrant's payment platform is, lesser-known operators may struggle to gain the trust of merchants and consumers. Thi...purchase to read more.

    Additional Insights for the Online Payment Processing Software Developers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Online Payment Processing Software Developers Industry are

  • Developing relationships with online retailers
  • Ability to quickly adopt new technology
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Percentage of services conducted online in the Online Payment Processing Software Developers industry impact industry performance..

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    What's in this report

    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
  • Mobile Wallet
  • Online bill payment
  • Peer-to-peer (P2P) and money transfers
  • Online payment authentication
  • Industry Activities
  • Developing online payment processing platforms
  • Developing mobile online payment processing platforms
  • Preventing and investigating fraud on online payment processing platforms
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Percentage of services conducted online
  • Number of mobile internet connections
  • External competition

  • Current Performance
  • E-commerce explosion
  • Slowing revenue growth
  • Expansion and profit
  • Security and reliability challenges
  • Chart: Revenue Growth

  • Industry Outlook
  • The rise of mobile payment
  • External competition
  • Payment as a platform and NFC
  • Table: Online Payment Processing Software Developers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Payment Processing Software Developers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Retail Trade
  • E-Commerce & Online Auctions
  • Consumers

  • Key Selling Industries
  • Computer Manufacturing
  • Internet Service Providers
  • Security Software Publishing

  • Products & Services
  • Online payment authentication
  • Online bill payment
  • Mobile Wallet
  • Peer-to-peer (P2P) and money transfers
  • Chart: Online Payment Processing Software Developers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Small merchants
  • Medium-sized merchants
  • Large merchants
  • Consumer
  • Chart: Major Market Segmentation for the Online Payment Processing Software Developers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities and marketing expenses
  • Additional expenses
  • Chart: Cost Structure Benchmarking – Sector vs Online Payment Processing Software Developers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Payment Processing Software Developers Industry

  • Industry Globalization
    PayPal, First Data Corporation, Square Inc.,
  • Table: PayPal - financial performance
  • Table: First Data Corporation - financial performance
  • Table: Square Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Online Payment Processing Software Developers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Online Payment Processing Software Developers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • E-commerce Sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Brick-And-Mortar
  • Brick-and-mortar refers to the physical location of a store, rather than its online presence.
  • E-Commerce
  • Electronic commerce (e-commerce) is the buying and selling of products and services over the internet.
  • Payment Gateways
  • Payment gateways encrypt and securely pass information between a customer, a business and a payment processing platform.
  • Payments-As-A-Platform
  • Payments-as-a-platform (PaaP) is the concept of creating an all-encompassing layer that connects different forms of online payment.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Online Payment Processing Software Developers can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Online Payment Processing Software Developers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Online Payment Processing Software Developers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Online Payment Processing Software Developers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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