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PUBLISHER: Juniper Research Ltd | PRODUCT CODE: 1541839
PUBLISHER: Juniper Research Ltd | PRODUCT CODE: 1541839
Global eCommerce Payments Market: 2024-2029
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'Global eCommerce Market Poised to Reach $11.4 Trillion by 2029, Driven by Alternative Payment Methods'
| KEY STATISTICS | |
|---|---|
| Total eCommerce transaction value in 2024: | $7tn |
| Total eCommerce transaction value in 2029: | $11.4tn |
| 2024 to 2029 market growth: | 63% |
| Forecast period: | 2024-2029 |
Overview
Our "eCommerce Payments" research suite provides a detailed and insightful analysis of this evolving market; enabling stakeholders such as payments vendors, financial institutions, and technology vendors to understand future growth, key trends and the competitive environment. A wide range of payments systems support the eCommerce market, from credit card and debit card payments to alternative payment methods such as BNPL (Buy Now, Pay Later). In order for online purchases to be made conveniently, eCommerce merchants must use payment providers to optimise the acceptance of online payments. Adapting the checkout process, to provide a variety of payment options and to make it easier to collect payment details, can increase customer loyalty and reduce cart abandonment.
The suite includes several different options that can be purchased separately, including access to data mapping the future growth of eCommerce transactions, an insightful study uncovering the latest trends and opportunities within the market, and a document containing extensive analysis of the 19 market leaders in the eCommerce Payments space. The coverage can also be purchased as a Full Research Suite, containing all of these elements, at a substantial discount.
Collectively, they provide a critical tool for understanding this rapidly emerging market; allowing payment service providers and eCommerce platforms to shape their future strategy. Its unparalleled coverage makes this research suite an incredibly useful resource for charting the future of such an uncertain and fast-growing market.
Key Features
- Market Dynamics: Insights into key trends and market expansion challenges within the eCommerce Payments market; identifying consumer trends in popular payment methods, addressing the challenges eCommerce markets face regarding transaction fees; the changing trends in types of payment; how payment processors can facilitate interoperability; and the challenges and opportunities faced by online payment processors. The research also features a Country Readiness Index on the current development and segment growth of the eCommerce Payments market across 8 key regions, as well as providing a future outlook.
- Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the eCommerce payments market, accompanied by strategic recommendations for stakeholders.
- Benchmark Industry Forecasts: The eCommerce payments dataset includes forecasts for total value of the eCommerce market, including the total expected revenue for payment gateways, and how different payment methods will be used.
- Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 19 eCommerce payments vendors, via the Juniper Research Competitor Leaderboard; featuring market size for major players in the eCommerce payments industry.
SAMPLE VIEW
Market Data & Forecasting Report
The numbers tell you what's happening, but our written report details why, alongside the methodologies.
Market Trends & Strategies Report
A comprehensive analysis of the current market landscape, alongside strategic recommendations.
Market Data & Forecasting Report
The market-leading research suite for the "eCommerce Payments"" market includes access to the full set of forecast data of 152 tables and 54,720 datapoints. Metrics in the research suite include:
- Total Transaction Volume and Value of the eCommerce Market
- Total Transaction Volume and Value for Physical and Digital
- Goods Purchased Online and via Mobile
- Total Volume and Value for eCommerce Transactions Purchased via different payment methods, including A2A (account-to-account) payments, Cash, Credit Card, Debit Card, Digital Wallet, Direct Carrier Billing, and Other.
Juniper Research Interactive Forecast Excel contains the following functionality:
- Statistics Analysis: Users benefit from the ability to search for specific metrics, displayed for all regions and countries across the data period. Graphs are easily modified and can be exported to the clipboard.
- Country Data Tool: This tool lets users look at metrics for all regions and countries in the forecast period. Users can refine the metrics displayed via a search bar.
- Country Comparison Tool: Users can select and compare specific countries. The ability to export graphs is included in this tool.
- What-if Analysis: Here, users can compare forecast metrics against their own assumptions, via five interactive scenarios.
Market Trends & Strategies Report
This report examines the "eCommerce Payments" market landscape in detail; assessing trends and factors shaping the evolution of this rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for payment service providers; addressing key verticals and developing challenges, and highlighting how stakeholders should navigate these. It also includes evaluation of key country-level opportunities for payment service providers and eCommerce growth.
Competitor Leaderboard Report
The Competitor Leaderboard report provides a detailed evaluation and market positioning for 19 leading vendors in the eCommerce Payments space. The vendors are positioned as established leaders, leading challengers, or disruptors and challengers, based on capacity and capability assessments:
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This document is centred around the Juniper Research Competitor Leaderboard; a vendor positioning tool that provides an at-a-glance view of the competitive landscape in a market, backed by a robust methodology.
Table of Contents
Market Trends & Strategies
1. Key Takeaways and Strategic Recommendations
- 1.1. Key Takeaways
- 1.2. Strategic Recommendations
2. Market Landscape
- 2.1. Introduction & Definitions
- 2.2. History of eCommerce and eCommerce Payments
- Table 2.1: Distribution of B2C online purchases worldwide (%) in 2023, by channel
- i. Impact of the COVID-19 Pandemic
- 2.3. Key Players in the eCommerce Payments Market
- 2.3.1. Payment Gateway
- Figure 2.2: eCommerce Payments Process
- i. How do Payment Gateways work?
- ii. External Gateways vs Embedded Checkouts
- 2.3.2. Payments Processer
- 2.3.3. Payment Services Provider
- Figure 2.3: Payment Services Provided by PSPs
- 2.3.4. Payments Orchestration Platforms
- 2.3.1. Payment Gateway
- 2.4. eCommerce Verticals
- 2.4.1. B2B
- i. Increased Use of Virtual Cards in B2B eCommerce Payments
- 2.4.2. C2C
- 2.4.3. Social Commerce
- 2.4.1. B2B
- 2.5. Key Trends & Drivers
- 2.5.1. Local Acquiring Lowers Costs to Merchants
- 2.5.2. Streamline Recurring Payments in a Subscription Economy
- 2.5.3. New Regulations Coming into Force
- i. Europe
- ii. China
- 2.5.4. Opportunities in eCommerce Payments
- 2.5.5. Introducing Fraud Solutions to Small Businesses
- 2.5.6. Interoperability to Facilitate Cross-Border eCommerce
- Figure 2.4: The Three Tenets of Payment Interoperability
- 2.6. Challenges for eCommerce payments
- 2.6.1. Increasing Interoperability Between Payment Systems
- 2.6.2. Navigating Return Payments
3. Segment Analysis
- 3.1. Payment Methods Landscape
- 3.1.1. A2A
- Figure 3.1: The Process of Making A2A Payments
- Figure 3.2: The Total Value of A2A eCommerce Transactions ($m), Split by Eight Key Regions, 2024-2029
- 3.1.2. Card Payments
- i. Credit Cards
- Figure 3.3: Total Value of eCommerce Transactions Made Via Credit Cards ($m), Split by Eight Key Regions, 2024-2029
- ii. Debit Cards
- Figure 3.4: Total Value of eCommerce Transactions Made Via Debit Card ($m), Split by Eight Key Regions, 2024-2029
- iii. Prepaid cards
- i. Credit Cards
- 3.1.3. Digital Wallets
- Figure 3.5: Total Value of eCommerce Transactions Made Using Digital Wallets ($m), Split by Eight Key Regions, 2024-2029
- i. Open Banking
- ii. Card Linked Wallets
- Figure 3.6: Digital Wallet Funding Types
- iii. Non-card Linked Wallets
- 3.1.4. Direct Carrier Billing
- Figure 3.7: Total Value of eCommerce Transactions Made Via Direct Carrier Billing ($m), Split by Eight Key Regions, 2024-2029
- 3.1.5. BNPL
- Figure 3.8: Total Value of eCommerce Transactions Made Using BNPL ($m), Split by Eight Key Regions, 2024-2029
- 3.1.6. Cash Agents and Equivalent
- Figure 3.9: Total Value of eCommerce Transactions Made Using Cash ($m), Split by Eight Key Regions, 2024-2029
- 3.1.7. Cryptocurrency
- 3.1.8. CBDC
- 3.1.1. A2A
4. Country Readiness Index
- 4.1. Introduction to Country Readiness Index
- Figure 4.1: eCommerce Payments Country Readiness Index Regional Definitions
- Table 4.2: Juniper Research Country Readiness Index Scoring Criteria: eCommerce Payments
- Figure 4.3: Juniper Research Country Readiness Index: Global eCommerce Payments Market
- Table 4.4: eCommerce Payments Country Readiness Index: Market Segments
- 4.1.1. Focus Markets
- Figure 4.5: Total eCommerce Transaction Value per Annum ($m), Split by 7 Key Markets, 2024-2029
- i. Payments Innovations
- ii. China
- iii. India
- 4.1.2. Growth Markets
- i. Urbanisation
- Figure 4.6: Total eCommerce Transaction Value ($m) of Growth Markets, 2024-2029
- ii. Singapore
- i. Urbanisation
- 4.1.3. Saturated Markets
- Figure 4.7: Total eCommerce Transaction Value ($m) of Saturated Markets, 2024-2029
- i. Pockets of Growth
- 4.1.4. Developing Markets
- Figure 4.8: Total Transaction Value ($m), Eight Key Developing Markets, 2024-2029
- i. Reliance on Cash
- ii. Economic Challenges
- Table 4.9: Juniper Research's Country Readiness Index Heatmap: North America
- Table 4.10: Juniper Research's Country Readiness Index Heatmap: Latin America
- Table 4.11: Juniper Research's Country Readiness Index Heatmap: West Europe
- Table 4.12: Juniper Research's Country Readiness Index Heatmap: Central & East Europe
- Table 4.13: Juniper Research's Country Readiness Index Heatmap: Far East & China
- Table 4.14: Juniper Research's Country Readiness Index Heatmap: Indian Subcontinent
- Table 4.15: Juniper Research's Country Readiness Index Heatmap: Rest of Asia Pacific
- Table 4.16: Juniper Research's Country Readiness Index Heatmap: Africa & Middle East
Competitor Leaderboard
1. Competitor Leaderboard
- 1.1. Why Read This Report
- Table 1.1: Juniper Research Competitor Leaderboard: eCommerce Payment Vendors Included & Product Portfolio
- Figure 1.2: Juniper Research Leaderboard: eCommerce Payment Vendors
- Table 1.3: Juniper Research Leaderboard: eCommerce Payments Vendors & Positioning
- Table 1.4: Juniper Research Leaderboard Heatmap: eCommerce Payments (Part One)
- Table 1.5: Juniper Research Leaderboard Heatmap: eCommerce Payments (Part Two)
- 1.2. eCommerce Payments Vendor Profiles
- 1.2.1. ACI Worldwide
- i. Corporate
- Table 1.6: ACI Worldwide's Revenue ($ billion), 2021-2023
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- i. Corporate
- 1.2.2. Adyen
- i. Corporate
- Table 1.7: Adyen's Revenue and Growth, (Euro- billion), 2021-2023
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- i. Corporate
- 1.2.3. Amazon Pay
- i. Corporate
- Table 1.8: Amazon's Revenue, ($ million), 2021-2023
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- i. Corporate
- 1.2.4. Block
- i. Corporate
- Table 1.9: Block's Revenue ($bn), 2021-2023
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- i. Corporate
- 1.2.5. Boku
- i. Corporate
- ii. Geographic Spread
- iii. Key Clients and Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths and Strategic Recommendations
- 1.2.6. Checkout.com
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 1.2.7. Fiserv
- i. Corporate
- Table 1.10: Fiserv's Revenue ($bn), 2021-2023
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- i. Corporate
- 1.2.8. Opayo
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 1.2.9. PayPal
- i. Corporate
- Table 1.11: PayPal's Financial Snapshot ($ billion), 2021-2023
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- i. Corporate
- 1.2.10. Paysafe
- i. Corporate
- Table 1.12: Paysafe's Revenue ($ billion), 2021-2022
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- i. Corporate
- 1.2.11. Primer
- i. Corporate
- ii. Geographic Spread
- iii. Key Clients and Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 1.2.12. Rapyd
- i. Corporate
- ii. Geographic Spread
- iii. Key Clients and Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths and Strategic Opportunities
- 1.2.13. Shopify
- i. Corporate
- Figure 1.13: Shopify's Revenue, ($bn), 2021-2023
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- i. Corporate
- 1.2.14. Stripe
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 1.2.15. Trustly
- i. Corporate
- Figure 1.14: Trustly's Revenue, ($m), 2021-2023
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- i. Corporate
- 1.2.16. Verifone
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 1.2.17. Visa Acceptance Solutions
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients and Strategic Partnerships
- Figure 1.15: Visualisation of the Use of Visa Acceptance Solutions
- iv. High-level View of Offerings
- Figure 1.16: Visualisation of Visa Acceptance Platform
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 1.2.18. WePay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 1.2.19. Worldpay
- i. Corporate
- ii. Geographical Spread
- iii. Key Clients & Strategic Partnerships
- iv. High-level View of Offerings
- v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 1.2.1. ACI Worldwide
- 1.3. Juniper Research Leaderboard Assessment Methodology
- 1.3.1. Limitations & Interpretations
- Table 1.17: Juniper Research Competitor Leaderboard Scoring Criteria
- 1.3.1. Limitations & Interpretations
Data & Forecasting
1. Market Overview Forecast
- 1.1. Introduction
- 1.2. Definitions
- 1.3. Methodology & Assumptions
- Figure 1.1: Forecast Methodology-Physical Goods
- Figure 1.2: Forecast Methodology-Digital Goods
- Figure 1.3: Forecast Methodology-Payment Type
2. Market Forecast Summary
- 2.1.1. Volume of eCommerce Transactions, Split by Region
- Figure & Table 2.1: Total eCommerce Transactions ($m), Split by 8 Key Regions, 2024-2029
- 2.1.2. Total eCommerce Transaction Value
- Figure & Table 2.2: Total eCommerce Transaction Value ($m), Split by 8 Key Regions, 2024-2029
- 2.1.3. Total eCommerce Transaction Value
- Figure & Table 2.3: Total eCommerce Transaction Value ($m), Split by Payment Method, 2024-2029
- 2.1.4. Total mCommerce Transaction Value
- Figure & Table 2.4: Total eCommerce Transaction Value ($m), All Mobile Devices, Split by 8 Key Regions, 2024-2029
- 2.1.5. Total Gateway Revenue for eCommerce Transactions
- Figure & Table 2.5: Total eCommerce Gateway Revenue per annum ($m), Split by 8 Key Regions, 2024-2029
3. Market Forecast: Remote Payments for Physical Goods
- 3.1.1. Unique Purchasers of Remote Physical Goods
- Figure & Table 3.1: Unique Purchasers of Remote Physical Goods ($m), Split by Key Regions, 2024-2029
- 3.1.2. Total Transaction Volume for Remote Physical Goods
- Figure & Table 3.2: Total Transaction Volume for Remote Physical Goods per Annum (m), Split by 8 Key Regions, 2024-2029
- 3.1.3. Total Transaction Value for Remote Physical Goods
- Figure & Table 3.3: Total Transaction Value for Remote Physical Goods ($m), Split by 8 Key Regions, 2024-2029
- 3.1.4. Gateway Revenue per Annum ($m) from Online Physical Goods Sales
- Figure & Table 3.4: Gateway Revenue per Annum ($m) from Online Physical Goods Sales, Split by 8 Key Regions, 2024-2029
- 3.1.5. Number of Remote Physical Goods Transactions
- Figure & Table 3.5: Number of Remote Physical Goods Transactions, Split by Market Share of Payment Methods (%), 2024-2029
- 3.1.6. Total Value of Remote Physical Goods Transactions
- Figure & Table 3.6: Total Value of Remote Physical Goods Transactions ($m), Split by Payment Type, 2024-2029
4. Market Forecast: Remote Payments for Digital Goods
- 4.1.1. Unique Purchasers of Remote Digital Goods
- Figure & Table 4.1: Unique Purchasers of Remote Digital Payments (m), Split by Key Regions, 2024-2029
- 4.1.2. Total Transaction Volumes for Remote Digital Goods Sales
- Figure & Table 4.2: Total Transaction Volumes for Remote Digital Goods (m), Split by 8 Key Regions, 2024-2029
- 4.1.3. Total Transaction Value for Remote Digital Goods Sales
- Figure & Table 4.3: Total Transaction Value for Remote Digital Goods Sales ($m), Split by 8 Key Regions, 2024-2029
- 4.1.4. Number of Remote Digital Good Transactions
- Figure & Table 4.4: Number of Remote Digital Goods Transactions, Split by Market Share of Payment Method (%), 2024-2029
- 4.1.5. Gateway Revenue for Remote Digital Goods Sales
- Figure & Table 4.5: Gateway Revenue for Remote Digital Goods per Annum ($m), Split by 8 Key Regions, 2024-2029
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