How big is the Third Party Payment Market?

The Third Party Payment Market size is expected to reach USD 62.55 billion in 2024 and grow at a CAGR of 14.79% to reach USD 124.64 billion by 2029. Read More

What is the current Third Party Payment Market size?

In 2024, the Third Party Payment Market size is expected to reach USD 62.55 billion. Read More

Who are the key players in Third Party Payment Market?

PayPal Holdings Inc, Amazon Payments Inc. (Amazon.com Inc.), Authorize.Net (Visa Inc.), Alipay.com Co. Ltd and Stripe Inc. are the major companies operating in the Third Party Payment Market. Read More

Which is the fastest growing region in Third Party Payment Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Third Party Payment Market?

In 2024, the Asia Pacific accounts for the largest market share in Third Party Payment Market. Read More

What years does this Third Party Payment Market cover, and what was the market size in 2023?

In 2023, the Third Party Payment Market size was estimated at USD 53.30 billion. The report covers the Third Party Payment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Third Party Payment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Third Party Payment Market Share

Statistics for the 2023 & 2024 Third Party Payment market share, created by Mordor Intelligence™ Industry Reports. Third Party Payment share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Third Party Payment Industry

The third-party payment market is highly competitive and fragmented. Some players have been in the business for quite some time. Subsequently, many startups are coming up to seize this market's huge opportunity. Some players have a presence only in a particular geography. The major players include PayPal Holdings Inc., Stripe Inc., Alipay.com Co. Ltd, Amazon Payments Inc. (Amazon.com Inc.), and Authorize.Net (Visa Inc.)

The third-party payment market comprises players who focus on gaining a point of difference in the contested market space. New startups are gaining traction in the market.

This market is characterized by moderate product differentiation, growing product penetration levels, and high levels of competition with a high level of innovation, which aims to gain an edge in the market.

The firm concentration ratio is expected to grow more during the forecast period. Several software firms consider this market a lucrative opportunity to consolidate their offerings and enter partnerships or acquisitions.