Chicago, April 19, 2024 (GLOBE NEWSWIRE) -- The global Payment Gateway Market size is projected to grow from USD 26.7 billion in 2024 to USD 48.4 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period, according to a new report by MarketsandMarkets™. Browse in-depth TOC on "Payment Gateway Market" 175 - Tables 48 - Figures 233 - Pages Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=245750678 Payment Gateway Market Dynamics: Drivers: Rapid Growth in E-commerce Mobile Payment Adoption Globalization of Business Transactions Restraints: Regulatory Compliance Dependency on Banking Infrastructure Opportunities: Blockchain and Cryptocurrency Integration Value-added Services List of Key Players in Payment Gateway Market: JP Morgan (US) Paypal (US) Amazon (US) Visa (US) Mastercard (US) PhonPe (India) Razorpay (India) Alibaba (China) Stripe (Ireland) Adyen (Netherlands) Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=245750678 The proliferation of subscription-based business models across various industries has led to a surge in demand for recurring payment solutions. Payment gateways that offer flexible subscription management tools are poised to capitalize on this growing market trend. These solutions enable businesses to effortlessly manage recurring billing cycles, automate subscription renewals, and handle customer upgrades or downgrades seamlessly. By providing customizable billing frequencies, proration options, and subscription management dashboards, these payment gateways empower businesses to efficiently handle complex subscription workflows while ensuring a frictionless customer experience. Moreover, integrated reporting and analytics features allow businesses to gain valuable insights into subscription performance, churn rates, and customer lifetime value, enabling them to optimize pricing strategies and maximize revenue potential. As subscription-based businesses continue to proliferate, the demand for payment gateways with robust recurring payment capabilities is expected to remain strong, driving innovation and competition in the payments industry. By type, the hosted type segment is expected to have the largest market size during the forecast period.  Hosted payment gateways provide a turnkey solution for merchants seeking to accept online payments without the hassle of building and maintaining their own payment infrastructure. By offering a pre-built checkout process that seamlessly integrates with existing websites or online stores, these gateways eliminate the need for merchants to invest time and resources in developing ...