Industry Background:
Nonprofit Payment Gateway Software are comprehensive solutions which allow for easy and convenient payment mechanism for donations. This gateways enable secure transactions for donations, membership fees or other administrative financial transactions. Global rise in consciousness about social welfare responsibility in medium and high income households as well as enterprises and private companies has led to the growth of the non-profit payment gateway software market. Primarily the non-profit payment gateway software market can be segmented into integrated software solutions and independent software solutions. Geographically, North America is the largest market of the non-profit payment gateway software.
According to AMA Research, the market for Nonprofit Payment Gateway Software is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Surge in Popularity of Digital Payment Mechanisms and Solutions
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Application Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Community Brands Intermediate, LLC (United States), Blackbaud (United States), iATS Payments (Canada), Aplos Software (United States), Click & Pledge, Inc. (United States), Greater Giving (United States), Softwood Technology (Canada), Moolah LLC (United States), DoJiggy (United States) and My Well Ministry (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019, Blackbaud, a United States based cloud computing based software provider has announced acquisition of YourCause, which is a market leader in development of Corporate Social Responsibility, and enterprise philanthropy software. The acquisition was valued at USD 157 million. With the growing consciousness around the world about increasing importance of business and enterprises responsibility in engaging in social welfare has led to high prospectus of Blackbaud’s acquisition.
In January 2024, PTPShopy announce that our cryptocurrency payment gateway is designed with all industries in mind, catering to merchants of all types of businesses. PTPShopy, our cryptocurrency payment gateway, offers significant advantages over other companies' solution
Influencing Trend:
Integrated Software Account for Larger Market Share
Market Growth Drivers:
Surge in Popularity of Digital Payment Mechanisms and Solutions, Recent Pandemic has made it Hard for Several People to Donate in Cash to NGO’s and Increasing Presence of No Profit Organisations on Online Platforms
Challenges:
Lack of IT and Related Telecom Infrastructure in Developing Countries
Restraints:
Hesitancy in Consumers Due to Fear of being scammed
Opportunities:
Mobile Device Based Payment Gateways are Rapidly Rising in Popularity around the World
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Nonprofit Payment Gateway Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Nonprofit Payment Gateway Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Nonprofit Payment Gateway Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Nonprofit Payment Gateway Software Study Sheds Light on
The Nonprofit Payment Gateway Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Nonprofit Payment Gateway Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nonprofit Payment Gateway Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.