Market Highlights
The global payment security market is expected to witness a high growth in the coming years. The payment security system is growing with the increasing numbers of e-Commerce and m-commerce transactions. Moreover, the tokenization technology is innovation to this market which improve payment security and provide a payment process. It provides the customer authentication without affecting the transaction’s security.
The study indicates that the e-commerce allows the secure online payment solution, which generate unique virtual number. The online payment transactions is using digital signatures to ensure authentication of transactions. While, Secure Sockets Layer is the most commonly used protocol across the industry as it meets the security requirement such as authentication, encryption, integrity, non-reputability.
The Global Payment Security Market is growing rapidly over ~17% of CAGR and is expected to reach approximately USD~ 27 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Payment Security Market Research Report -Forecast to 2023”.
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Key Players
The prominent players in the Payment Security Market are – Ingenico ePayments (Netherlands), Intelligent Payments (Gibraltar), GEOBRIDGE Corporation (US), PayPal Holdings (US), Elavon (US), Index (US), Shift4 Corporation (US), Transaction Network Services (TNS) Inc. (US), TokenEx, LLC (US) and CyberSource Corporation (US), among others.
Segments:
The global payment security market has been segmented on the basis of component, organization size, end-users, and region.
Global Payment Security Market by Component:
– Solution
- Encryption
- Tokenization
- Fraud detection and prevention
– Services
- Support services
- Integration services
- Consulting service
Global Payment Security Market by Organization Size:
- Large enterprises
- Small and Medium-Sized Enterprises (SMEs)
- Others
Global Payment Security Market by End-Users:
- BFSI
- Healthcare
- IT and telecom
- Travel and hospitality
- Others
Global Payment Security Market by Regions:
- North America
- Europe
- APAC
- Rest of the World
Regional Analysis
The regional analysis of global payment security market is being studied for region including Asia Pacific, North America, Europe and Rest of the World. North America region is dominating the global payment security market and accounted for a largest market share. In Europe region, the payment security market is gaining momentum as the businesses are constantly monitoring new developments and shaping their PCI DSS technology. Asia Pacific is expected to reach to the highest CAGR in the payment security market as the companies are ensuring for the safe and secure online transaction. This region is expected to grow further in the coming years of the payment security market.
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Intended Audience
- Payment Security manufacturers
- Original equipment manufacturers
- Government agencies
- Payment security vendors
- Network solution providers
- Independent software vendors
- Consulting firms
- System integrators
- Research institutes and organizations
- Technology standards organizations
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
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