The Payment Security Software Market is Big and Getting Bigger in Future with Software and the Acceleration of Payment Security

Market Highlights

The global market for payment security software has been witnessing a significant rise over the last few years, thanks to the increasing trend of digitization. The advancements in electronic and online payment is leading to a tremendous rise in the number of transactions made over the Internet. With the escalating penetration of smartphones, the number of mobile payments has also increased. This, as a result, has increased the concerns over the security of these payments across the world, which is reflecting greatly on the worldwide payment security software market.

The ongoing shift towards cashless economy is also influencing the growth of this market substantially, as non-banking players are adopting various cashless transaction platforms, such as digital wallets, mobile money, and virtual currencies.

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Industry Outlook:

Mobile payment methods are expected to grow at a significant rate, owing to the increasing smartphone penetration and the various benefits associated with them, such as improved customer experience, which results in shorter waiting times in queues and wider payment offers to customers. Mobile payment can be performed either by SMS via QR codes, or Near Field Communication (NFC). Consumers are becoming increasingly familiar with using mobile phones for various purposes, including secure financial transactions via mobile applications, or web banking site. Furthermore, increasing adoption of mobile wallets in both emerging and developed countries is providing numerous opportunities for service providers and merchants. Mobile phones are also providing an unprecedented opportunity for the expansion of financial activity in the developing countries, where the number of phone users is expected to exceed the number of those having bank accounts. However, the mobile payment option increases the importance of a proper security for the system. Hence, the mobile payment security software market is expected to grow massively during the forecast period.

Top Industry Players:

This report studies the global Payment Security Software market, analyzes and researches the Payment Security Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like: Symantec Corporation, Intel Corporation, Cisco Systems, Inc., CA, Inc., Trend Micro Incorporated, Gemalto NV, Transaction Network Services, HCL Technologies Limited, VASCO Data Security International, Inc., Thales e-Security

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Key Benefits

• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global Payment Security Software market from 2018 to 2025 to identify the prevailing market opportunities.
• The key countries in all the majors regions are mapped based on their market share.
• Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
• The report includes in details the analysis of the regional as well as global market, key players, market segments, and application areas, and growth strategies.

Market Segment

Market segment by Regions/Countries, this report covers
• United States
• EU
• Japan
• China
• India
• Southeast Asia

Market segment by Type, the product can be split into
• Mobile Payment Security Software
• Point-of-Sale (PoS) Systems and Security
• Online Payment Security Software

Market segment by Application, Payment Security Software can be split into
• Banking, Financial Services and Insurance
• Retail
• Healthcare

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