Middle East & Africa Payment Gateway Market Size & Outlook
Middle East & Africa payment gateway market, 2017-2030 (US$M)
Related Markets
MEA payment gateway market highlights
- The MEA payment gateway market generated a revenue of USD 3,235.8 million in 2023.
- The market is expected to grow at a CAGR of 23.3% from 2024 to 2030.
- In terms of segment, hosted was the largest revenue generating type in 2023.
- Hosted is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 3,235.8 million |
| Market revenue in 2030 | USD 14,007.8 million |
| Growth rate | 23.3% (CAGR from 2023 to 2030) |
| Largest segment | Hosted |
| Fastest growing segment | Hosted |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hosted, Non-hosted |
| Key market players worldwide | Adyen NV, Amazon.com Inc, PayPal Holdings Inc, Francisco Partners, JPMorgan Chase & Co |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.9% of the global payment gateway market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 31,945.1 million by 2030.
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Payment Gateway Market Scope
Payment Gateway Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa payment gateway market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to payment gateway market will help companies and investors design strategic landscapes.
Hosted was the largest segment with a revenue share of 57.85% in 2023. Horizon Databook has segmented the Middle East & Africa payment gateway market based on hosted, non-hosted covering the revenue growth of each sub-segment from 2017 to 2030.
According to the statistics provided by Smart Energy International in April 2019, the UAE is expected to witness an increase in investments in intelligent transportation by 9.2% during the years 2017 to 2023.
The aggressive investments in intelligent transportation are expected to drive the adoption of smart ticketing solutions, thereby opening new growth opportunities for providers of payment gateways.
In the UAE, the use of mobile wallets is increasing as a result of the launch of Samsung Pay, Google Pay, and Apple Pay, which would be competing with Beam Wallet, Etisalat Wallet, and other payment solutions launched by the banks.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa payment gateway market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa payment gateway market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Payment Gateway Market Outlook Share, 2023 & 2030 (US$M)
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