Dublin, Oct. 21, 2024 (GLOBE NEWSWIRE) -- The "United States E-Commerce Payment Market & Forecast 2024-2032, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering.
The United States E-Commerce Payment market is expected to grow from US$ 1.19 trillion in 2023 to reach US$ 3.60 trillion by 2032, with a CAGR of 13.05 % from 2024 to 2032.
The growing use of smartphones and increased accessibility to the internet is driving growth in the e-commerce payment industry. Additionally, it is anticipated that the e-commerce payment business would expand significantly over the course of the projection period due to the expanding population of bankers and digitalization. 
Growth Drivers for the United States E-Commerce Payment Market
Banking industry's increased Internet use and variety of e-commerce payment choices available
The e-commerce payment market in the United States is expanding rapidly. The main drivers driving the growth of the US e-commerce payment market are the increasing usage of e-commerce payment systems by millennials, the availability of several e-commerce payment choices, and the increasing penetration of the internet in the banking sector. The US is the second-largest country in the world e-commerce market by sales volume. Online buying is becoming more and more popular, and in the US, e-commerce payments are thought to be the best option. Additionally, using e-commerce payments offers the consumer several advantages like easier use, cost control for customers, more effective and efficient transactions, and much more. Anti-fraud and security mechanisms are provided by the payment providers and payment gateways, the transactions are quite dependable.
Each of these elements is equally responsible for the market's expansion in the US. In addition, the increasing usage of tablets and smartphones, digital wallets, and special incentives from major banks like JP Morgan & Bank of America are all driving the market's expansion. Furthermore, there may be plenty of opportunity for the growth of the US e-commerce payment industry throughout the projection period due to the quick rise in popularity of digital shopping and grocery applications, as well as the rapid expansion of domestic online giants like eBay and Amazon. However, the expansion of the e-commerce payment business in the United States is probably going to be hampered by elements like a lack of anonymity and an increase in e-commerce fraud rates.
Florida E-Commerce Payment Industry
Over the past ten years, Florida's e-commerce payment market has grown remarkably due to changes in consumer behavior and technology improvements. Florida has a diverse population and is a popular destination for tourists, therefore there is a growing need for easy online payment options. Companies of all sizes, from start-ups to multinational corporations, have embraced digital payment methods quickly in response to the changing expectations of their clients, who want ease and security from their transactions.
Fintech firms, payment processors, and large financial institutions are some of the primary participants in Florida's e-commerce payment market. Businesses in the state are served by companies like PayPal, Square, and Stripe, which have made a name for themselves by offering a variety of payment options like digital wallets, integrated payment gateways, and mobile payments. This environment of competition fosters efficiency and innovation, which is advantageous to both customers and retailers. Additionally, Florida's consumer protection laws and regulatory improvements have had a significant impact on the development of the e-commerce payment sector. The state's emphasis on guaranteeing dependable and safe payment systems promotes customer confidence and aids in the expansion of the digital economy. Florida's payment sector is well-positioned to adjust and prosper in this changing environment as e-commerce continues to develop.
United States E-Commerce Payment Company Analysis
The major participants in the United States E-Commerce Payment market includes Amazon, American Express, Apple, Fiserv, Mastercard, PayPal Holdings and Visa.
Key Questions Answered in Report:
- How big is the United States E-Commerce Payment industry?
- What is the United States E-Commerce Payment industry growth rate?
- Who are the key players in United States E-Commerce Payment industry?
- What are the factors driving the United States E-Commerce Payment industry?
- Which Region held the largest market share in the United States E-Commerce Payment industry?
- What segments are covered in the United States E-Commerce Payment Market report?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $1.19 Trillion |
| Forecasted Market Value (USD) by 2032 | $3.6 Trillion |
| Compound Annual Growth Rate | 13.0% |
| Regions Covered | United States |
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5 United States E-Commerce Payment Market
6 Market Share
6.1 Type
6.2 Application
6.3 States
7 Type
7.1 Digital Wallet
7.2 Credit Card
7.3 Debit Card
7.4 Account-to-Account (A2A)
7.5 Buy now pay later (BNPL)
7.6 Cash on Delivery (CoD)
7.7 PrePay
7.8 Others
8 Application
8.1 Electronics & Media
8.2 Food & Personal Care
8.3 Fashion Accessories
8.4 Furniture & Appliances
8.5 Others
9 States
9.1 Florida
9.2 Texas
9.3 South Carolina
9.4 North Carolina
9.5 California
9.6 Iowa
9.7 New York
9.8 Illinois
9.9 Arizona
9.1 Wisconsin
9.11 Others
10 Porter's Five Analysis
11 SWOT Analysis
12 Key Players Analysis
- Amazon
- American Express
- Apple
- Fiserv
- Mastercard
- Paypal Holdings
- Visa
For more information about this report visit https://www.researchandmarkets.com/r/yah90r
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