E-commerce Payment

E-commerce Payment

Global E-commerce Payment Market to Reach $60.5 Billion by 2027

Amid the COVID-19 crisis, the global market for E-commerce Payment estimated at US$27.8 Billion in the year 2020, is projected to reach a revised size of US$60.5 Billion by 2027, growing at a CAGR of 11.8% over the analysis period 2020-2027. Credit Cards, one of the segments analyzed in the report, is projected to record a 10.1% CAGR and reach US$19.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Debit Card segment is readjusted to a revised 10.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.5 Billion, While China is Forecast to Grow at 15.2% CAGR

The E-commerce Payment market in the U.S. is estimated at US$7.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$13 Billion by the year 2027 trailing a CAGR of 15.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 10.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.2% CAGR.

Digital Payment/E-Wallet Segment to Record 14.2% CAGR

In the global Digital Payment/E-Wallet segment, USA, Canada, Japan, China and Europe will drive the 13.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.9 Billion in the year 2020 will reach a projected size of US$14.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.9 Billion by the year 2027, while Latin America will expand at a 15.9% CAGR through the analysis period.

Select Competitors (Total 46 Featured) - Alibaba Group Holding Ltd.AlipayAmazon Payments, Inc.Amazon.com Inc.American Express CompanyApple Inc.Capital One Financial Corp.CCBill, LLCMasterCard IncorporatedPayPal Holdings, Inc.Stripe Inc.The OLB Group Inc.UnionPay International Co., Ltd.Visa, Inc.WePay Inc.Please note: Reports are sold as single-site single-user licenses. The delivery time for hard copies is between 3-5 business days, as each hard copy is custom printed for the organization ordering it. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

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