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GCC Payment Gateway Market by Application (Large Enterprises, Micro and Small Enterprises and Mid-Size Enterprises) by Mode of Interaction (Hosted Payment Gateways, Non-Hosted Payment Gateways, Direct Payment Gateways and Platform-Based Payment Gateways): Industry Analysis, Trends, Growth and Forecast 2022-2027



GCC Payment Gateway Market Overview:

The GCC payment gateway market was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. Looking forward, the market is projected to grow at a CAGR of around X% during 2022-2027, reaching a value of US$ XX Billion by 2027. A payment gateway facilitates the transaction of payments between numerous e-commerce websites and banks. It encrypts sensitive data, including bank account information and credit card numbers, and protects users from fraudulent entities. It also uses the HTTPS protocol that secures personal data for the submission of the order. It provides the option to make purchases 24x7, eliminating the need for waiting in a long queue. Its benefits include a user-friendly interface, loss and expense management, and time efficiency. As a result, payment gateways find extensive applications in the retail, banking, financial services and insurance (BFSI), and media and entertainment industries across GCC countries.

The GCC payment gateway market is primarily driven by the rising internet penetration and the presence of various service providers. Moreover, payment gateways are gaining popularity among numerous organizations, such as brick-and-mortar stores and online retail platforms, to receive money while protecting sensitive information. In line with this, extensive investments in fintech start-ups based on payment and crowdfunding are positively influencing the market growth. Besides this, the surging adoption of online payment modes, such as credit or debit cards, mobile wallets, and net banking, for money transfers to offer user-friendly methods for in-store purchases is contributing to the market growth. Additionally, there has been a rise in the use of online travel agencies (OTAs) to book flights, cars, tours, cruises, and hotel accommodations. Along with this, the rapid expansion in the travel and tourism industry in the GCC region has catalyzed market growth. Besides this, numerous technological advancements have allowed financial service providers to offer advanced digital services to customers. Furthermore, the rising collaborations of banks with retail vendors to give cashback offers, attract new clients, and retain existing users is another major growth-inducing factor. Other factors, including the expanding broadband or high-speed internet access, the launch of biometric payment cards embedded with fingerprint sensors, advancements in mobile payment technologies, and rising digitization, are also anticipated to drive the market further.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC payment gateway market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC payment gateway market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC payment gateway market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC payment gateway market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC payment gateway market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC payment gateway market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC payment gateway market industry. Furthermore, the value chain analysis of the GCC payment gateway market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Payment Gateway Market Segment Insights:

The GCC payment gateway market has been analysed as followed:

By Application:

  • Large Enterprises
  • Micro and Small Enterprises
  • Mid-Size Enterprises

By Mode of Interaction:

  • Hosted Payment Gateways
  • Non-Hosted Payment Gateways
  • Direct Payment Gateways
  • Platform-Based Payment Gateways

By Country:

  • Saudi Arabia
  • United Arab Emirates
  • Qatar
  • Kuwait
  • Oman
  • Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Payment Gateway Market Report:

  • Historical and current scenario
  • Trends and developments
  • Impact of COVID-19
  • Market forecast
  • Price analysis and forecast
  • Porter’s five forces analysis
  • SWOT analysis
  • Value chain analysis

Report Customisation:

The GCC payment gateway market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    GCC Payment Gateways Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Application
    6.1    Large Enterprises
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Micro and Small Enterprises
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Mid-Size Enterprises
        6.3.1    Market Trends
        6.3.2    Market Forecast
7    Market Breakup by Mode of Interaction
    7.1    Hosted Payment Gateways
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Non-Hosted Payment Gateways
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3   Direct Payment Gateways
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Platform-Based Payment Gateways
        7.4.1    Market Trends
        7.4.2    Market Forecast
8    Market Breakup by Country
    8.1    Saudi Arabia
        8.1.1 Market Trends
        8.1.2 Market Breakup by Application
        8.1.3 Market Breakup by Mode of Interaction
        8.1.4 Market Forecast
    8.2    UAE
        8.2.1 Market Trends
        8.2.2 Market Breakup by Application
        8.2.3 Market Breakup by Mode of Interaction
        8.2.4 Market Forecast
    8.3    Qatar
        8.3.1 Market Trends
        8.3.2 Market Breakup by Application
        8.3.3 Market Breakup by Mode of Interaction
        8.3.4 Market Forecast
    8.4    Oman
        8.4.1 Market Trends
        8.4.2 Market Breakup by Application
        8.4.3 Market Breakup by Mode of Interaction
        8.4.4 Market Forecast
    8.5     Kuwait
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Bahrain
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Policy and Regulatory Landscape
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players

List of Figures

Figure 1: GCC: Payment Gateways Market: Major Drivers and Challenges
Figure 2: GCC: Payment Gateways Market: Sales Value (in Million US$), 2016-2021 
Figure 3: GCC: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: GCC: Payment Gateways Market: Breakup by Application (in %), 2021 
Figure 5: GCC: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2021 
Figure 6: GCC: Payment Gateways Market: Breakup by Country (in %), 2021 
Figure 7: GCC: Payment Gateways Market (Large Enterprises): Sales Value (in Million US$), 2016 & 2021
Figure 8: GCC: Payment Gateways Market Forecast (Large Enterprises): Sales Value (in Million US$), 2022-2027
Figure 9: GCC: Payment Gateways Market (Micro and Small Enterprises) Sales Value (in Million US$), 2016 & 2021
Figure 10: GCC: Payment Gateways Market Forecast (Micro and Small Enterprises) Sales Value (in Million US$), 2022-2027
Figure 11: GCC: Payment Gateways Market (Mid-Size Enterprises) Sales Value (in Million US$), 2016 & 2021
Figure 12: GCC: Payment Gateways Market Forecast (Mid-Size Enterprises) Sales Value (in Million US$), 2022-2027
Figure 13: GCC: Payment Gateways Market (Hosted) Sales Value (in Million US$), 2016 & 2021
Figure 14: GCC: Payment Gateways Market Forecast (Hosted) Sales Value (in Million US$), 2022-2027
Figure 15: GCC: Payment Gateways Market (Non-Hosted) Sales Value (in Million US$), 2016 & 2021
Figure 16: GCC: Payment Gateways Market Forecast (Non-Hosted) Sales Value (in Million US$), 2022-2027
Figure 17: GCC: Payment Gateways Market (Direct) Sales Value (in Million US$), 2016 & 2021
Figure 18: GCC: Payment Gateways Market Forecast (Direct) Sales Value (in Million US$), 2022-2027
Figure 19: GCC: Payment Gateways Market (Platform-Based) Sales Value (in Million US$), 2016 & 2021
Figure 20: GCC: Payment Gateways Market Forecast (Platform-Based) Sales Value (in Million US$), 2022-2027
Figure 21: Saudi Arabia: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Saudi Arabia: Payment Gateways Market: Breakup by Application (in %), 2021 
Figure 23: Saudi Arabia: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2021 
Figure 24: Saudi Arabia: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: UAE: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: UAE: Payment Gateways Market: Breakup by Application (in %), 2021 
Figure 27: UAE: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2021 
Figure 28: UAE: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Qatar: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Qatar: Payment Gateways Market: Breakup by Application (in %), 2021 
Figure 31: Qatar: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2021 
Figure 32: Qatar: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Oman: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Oman: Payment Gateways Market: Breakup by Application (in %), 2021 
Figure 35: Oman: Payment Gateways Market: Breakup by Mode of Interaction (in %), 2021 
Figure 36: Oman: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Kuwait: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Kuwait: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Bahrain: Payment Gateways Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Bahrain: Payment Gateways Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: GCC: Payment Gateways Industry: SWOT Analysis
Figure 42: GCC: Payment Gateways Industry: Value Chain Analysis
Figure 43: GCC: Payment Gateways Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: GCC: Payment Gateways Market: Key Industry Highlights, 2021 and 2027
Table 2: GCC: Payment Gateways Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 3: GCC: Payment Gateways Market Forecast: Breakup by Mode of Interaction (in Million US$), 2022-2027
Table 4: GCC: Payment Gateways Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 5: GCC: Payment Gateways Market: Competitive Structure
Table 6: GCC: Payment Gateways Market: Key Players

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