MarketResearch.biz, in its upcoming report titled, “Global Payment Security Market Trends, Applications, Analysis, Growth, and Forecast to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global payment security market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global payment security market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global payment security market is segmented on basis of solution, service, verticals, and region. The global payment security market was valued at US$ XX.X billion in 2016, and is expected to reach US$ XX.X billion over the forecast period at a double-digit CAGR of XX.X%.
Payment security solutions provide security to users’ personal data and enables secure transaction between a merchants and customers through various digital payment modes such as the web, mobile, and POS machines. Payment security solutions have gained popularity, as it is helping organizations fulfill regulatory requirements of payment card industry data security standard (PCI DSS) compliances. Payment security solutions help in minimizing loss of financial data through regular monitoring of malicious activities across various payment modes and platforms.
Rising number of online payment platforms, increasing internet penetration, and increasing number of smartphone users are major factors driving growth of the global payment security market. In addition, increasing incidences of payment frauds, cyber-attacks, and cyber-crimes have further boosted demand for payment security solutions and services in the global market. Increasing number of e-commerce and m-commerce platforms coupled with increasing popularity of online shopping are some other factors driving growth of the global payment security market.
A major factor hampering growth of the global payment security market is problems and limitations while transferring money via different payment systems. However, increasing adoption of multi-factor authentication is current trend in the market which is expected to further fuel growth of the global payment security market during the forecast period.
North America dominates the global payment security market and is expected to maintain its dominance during the forecast period owing to presence of large number of payment security vendors. The market in North America accounts of XX.X% of the global revenue. The market is Asia pacific is expected to witness significant growth during the forecast period.
Segmentation on the basis of solution:
- Fraud detection and prevention
Segmentation on the basis of service:
- Integration services
- Support services
- Consulting services
Segmentation on the basis of vertical:
- Banking, financial services, and insurance (BFSI)
- Travel and hospitality
- IT and telecom
- Media and entertainment
- Others (automotive and manufacturing)
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- CyberSource Corporation
- Ingenico ePayments
- Intelligent Payments
- GEOBRIDGE Corporation
- Shift4 Corporation
- Transaction Network Services (TNS) Inc.
- TokenEx, LLC
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