Payment Security Market 2018 Global Leaders Analysis: Intelligent Payments, GEOBRIDGE, PayPal Holdings, Elavon, Shift4 Corporation, Ingenico ePayments, Transaction Network Services, CyberSource

Market Research Future published a research report on “Payment Security Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

The payment security is a security approach that relies on multiple layers of technology, analytics, and security practices to help protect the payment system and reduce fraud. Payment security technology is improving at a rapid pace, due to the point-to-point encryption solution, which helps to secure the payment systems in the forthcoming years. Additionally, the improvement in outsourcing payment solution have grabbed the organizations attention towards the payment security. Also, the major player such as PayPal Holdings, Visa and among others, has continued to innovate to improve security and help prevent fraud.

The study indicates that the payment security is driven due to the factors such as it operates without handling payments data, reduces the security risk posed by payment data. Moreover, it accepts the payments in a secure way from web and mobile browsers and provide the instant checkout. The new players emerging across the world, and the rise in demand of mobile commerce has enforced to the payment security standardized the payment infrastructure system in the future.

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The Global Payment Security Market is expected to grow at USD 27 Billion by 2023, at ~17% of CAGR between 2017 and 2023.

Industry News

May 2018 – PayPal has launched Braintree Extend, which will make it possible for the merchants to extend their reach into other ecosystems and environments and to share payments data in a secure, compliant way.

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.

Payment Security Global Market - Segmentation

The payment security market can be classified into 4 key segments for the convenience of the report and enhanced understanding;

• Segmentation by Component: Solution and Services. The solution segment is further segmented into Encryption, Tokenization, and Fraud Detection & Prevention. The services segment is further segmented into Support Services, Integration Services and Consulting Services.
• Segmentation by Organization Size: SMEs and Large Enterprises
• Segmentation by Vertical: BFSI, Healthcare, IT & Telecommunication, Travel & Hospitality and Others
• Segmentation by Region: North America, Europe, Asia Pacific and Rest of the World.

Payment security Global Market - Regional Analysis

North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the payment security market in North America owing to the presence of a large number of established key players such as Braintree, CyberSource Corporation, Elavon, Index, GEOBRIDGE Corporation, and Shift4 Corporation among others. Also, U.S. is leading the market in North America due to the technological advancements and increasing demand for digital payment modes in the region. Payment security market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 owing to growing population and increased urbanization in China, Japan, and India in the region. Whereas, the Europe market for payment security is expected to grow at a considerable CAGR (2017-2023).

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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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