Overview

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

IBISWorld’s Online Payment Processing Software Developers market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth
11-16
10.6%
Annual Growth
16-21
Profit
Employment
26,540
Business
2,197

Industry Threats & Opportunities

  • The industry’s high profit margins will expand, propelled by rapid revenue growth
  • The high rate of new entrants into the industry has not negatively affected profit margins
  • A major growth market is mobile payments, which are convenient for small businesses

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    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...

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    Industry Report - Industry Products Chapter

    The industry essentially provides one service: facilitating online payments. At the heart of this service are the processing networks that form the principal routes for the electronic movement of money and financial data. Some firms may have direct access to this network while others must access it through intermediaries. Thus, it is useful to segment the industry's one service into several different services that are differentiated from one another by the proximity the payment processing firm has to this underlying financial network.

    Merchant accounts

    Merchant banks, also referred to as member banks or acquiring banks, have direct access to the Visa and MasterCard networks and account for 32.1% of industry revenue. Due..

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    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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    Industry Products

    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 accounts
    Third-party processors
    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
  • Third-party processors
  • Merchant accounts
  • Chart: Online Payment Processing Software Developers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Medium-to-large enterprise
  • Small business
  • Consumer
  • Chart: Major Market Segmentation for the Online Payment Processing Software Developers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesAdditional 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
    Major Companies
    PayPal
  • Table: PayPal - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Online Payment Processing Software Developers Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • E-commerce Sales (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

    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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