DUBLIN, June 15, 2016 /PRNewswire/ —
Research and Markets has announced the addition of the “Global E-Commerce Payment Market 2016-2020” report to their offering.
The global e-commerce payment market to grow at a CAGR of 16.42% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global e-commerce payment market for 2016-2020. To calculate the market size, the report considers the total volume of non-cash transactions sourced through e-commerce payments. The report also includes a discussion of the key vendors operating in this market.
Heavy competition in the online payments space has encouraged the top vendors to optimize their content marketing strategies to help online customers navigate better. Benefits of such strategies can be observed in the growing use of mobile chat platforms during the forecast period.
One trend that is boosting market growth is the expanding payment options. Many top vendors, who have online stores or operate payment mechanisms, have a vast number of clients that use traditional payment instruments. The customers are also demanding that top retailers offer various mobile and other innovative payment options. Meeting these demands may ensure customer retention and attract a huge number of clients during the forecast period.
According to the report, a key growth driver is the rise of m-commerce. The growing popularity of mobile payments is offering customers the freedom to shop online even when travelling. Brick-and-mortar retailers are also offering mobile payment options to enhance their customers’ shopping experience. We expect such payment technologies to create market opportunities for merchants, acquirers, and issuers during the forecast period. For instance, retailers can design special offers and loyalty accounts for customers who shop through mobile apps.
Further, the report states that one challenge that could restrict market growth is security and privacy concerns.
Other prominent vendors
– ACH Payments
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by payment mode
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Appendix
For more information visit http://www.researchandmarkets.com/research/p8kb67/global_ecommerce
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SOURCE Research and Markets