Online Payment Processing Software Developers in the US - Industry Market Research Report

Online Payment Processing Software Developers in the US - Industry Market Research Report

  • March 2020 •
  • 37 pages •
  • Report ID: 5103558 •
  • Format: PDF
Paying up: Growth is expected to continue as mobile payment systems become more accepted

Abstract

Online Payment Processing Software Developers
The Online Payment Processing Software Developers industry has experienced rapid growth over the five years to 2018, primarily due to consumers’ retail preferences shifting from traditional brick-and-mortar stores to online retail outlets. This shift in demand has been facilitated by the boom in the number of mobile internet connections during the period. Furthermore, growing per capita disposable income is expected to induce consumers to spend more online, spurring demand for industry services. Over the next five years, mobile payment processing systems are expected to become a prominent part of the industry. The new technology has already gained a foothold in some industries but will become more widespread over the next five years as developers improve their interfaces, consumers grow comfortable with the new technology and industry players prove they are more efficient and convenient than their many alternatives.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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