Payment Security Market, Industry Outlook & Demographic Segment Insight Industry Research COVID – 19 Impact Analysis, Business Trends, Global Segments and Industry Profit Growth
Payment Security 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.
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Payment Security Market
Segmentation:
The Payment Security
Market has been segmented on the basis of component, organization size, end-
users, and region. The component is segmented into services and solution. The
organization size includes large enterprises, small and medium-sized
enterprises. The end user segment includes BFSI, healthcare, IT and telecom,
travel and hospitality. The payment security has wide range of applications
across several industries such as banking and financial sector, media and
entertainment and others. The advanced payment security leads to the
developments in the services and software modules and this will grow the demand
of payment security market.
The prominent players in
the global payment security market – Ingenico ePayments (Netherlands),
Intelligent Payments (Gibraltar), GEOBRIDGE Corporation (US), Braintree (US),
Elavon (US), Index (US), Shift4 Corporation (US), Transaction Network Services
(TNS) Inc. (US), TokenEx, LLC (US) and CyberSource Corporation (US), among
others.
Market Research Analysis:
On geographic basis, the
global payment security market is studied in different regions as America,
Europe, Asia-Pacific and Rest of world. It has been observed that North America
region is leading with largest market share in the payment security market. In
this region, this market is growing due to the payment security system
maintains the log file till it is practical to maintain.
Europe is estimated to be
the second largest market for payment security during the forecast period, this
is due to the increasing demand of on-line payment security which recognize the
fault diagnosis and prognosis of the system. In APAC region is estimated to the
highest CAGR in the forecast years the companies are investing to enhanced
payment security and provide the best solution to the customer
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Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
Continued…
List of Tables
Table 1 Payment Security
Market, By Component
Table 2 Payment Security
Market, By Organization Size
Table 3 Payment Security
Market, By End Users
Table 4 Payment Security
Market, By Region
Table 5 North America
Payment Security Market, By Component
Continued….
List of Figures
Figure 1 Research
Methodology
Figure 2 Payment Security
Market: By Component (%)
Figure 3 Payment Security
Market: By Organization Size (%)
Figure 4 Payment Security
Market: By End Users (%)
Figure 5 Payment Security
Market: By Region (%)
Continued…
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