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Payment Security Market By Industry Sector (Hospitality, Telecom and IT, Education, Healthcare) By Component (Solutions, Services) - Global Size Analysis and Industry Forecast, 2018-2023

08-22-2018 12:29 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Genesis market insights

Payment Security Market

Payment Security Market

GLOBAL PAYMENT SECURITY MARKET was valued at USD 10.28 Billion in the year 2017. Global Payment Security Market is further estimated to grow at a CAGR of 15.03% from 2017 to reach USD 27.39 Billion by the year 2023. North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, developed markets like the U.S. as well the emerging markets like China with highest population base holds the notable market share in 2017 and it is projected to grow at a gradual pace in the coming years.

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CyberSource Corporation (US), Elavon (US), Index (US), Ingenico ePayments (Netherlands), Transaction Network Services (TNS) Inc. (US), and TokenEx, LLC (US) are some of the key players in the Payment Security Market with CyberSource Corporation holding the substantial market share because of its better technological advancements and global reach. Technological up-gradation to cater changing demand of end users. Similarly, growth strategies such as acquisition & merger were few techniques adopted by most of the top players in last 5 years.

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Drivers:

• Increasing use of digital modes of payment

Restraints:

• Lack of trust on online transactions

Opportunities:

• Increasing use of different payment methods across various industry sectors

Challenges:

• Lack of awareness among potential customers

Between Hospitality, Telecom and IT, Education, Healthcare, Retail, Media & Entertainment; Retail segment because of the growing popularity and availability is expected to hold the highest market share during the forecast period.

The Educational segment is also expected to grow at the highest CAGR of XX% during the year 2018-2023.

Key Benefits for Stakeholders

• Payment Security Solutions & Service Providers
• Research and Consulting organization
• Technology Standards Organizations, Forums, Alliances and Associations
• End-use industries
• Regulatory bodies, policy actors, and consumers.

By Industry Sector

• Hospitality
• Telecom and IT
• Education
• Healthcare
• Retail
• Media & Entertainment

By Component

Solutions

• Fraud Detection
• Encryption
• Tokenization

Services

• Consulting Services
• Support Services

By Region

• North America
• Europe
• Asia-Pacific
• ROW

Key Market Players

• Cybersource
• Bluefin Payment Systems
• Elavon
• Braintree
• Index
• Intelligent Payments
• Ingenico Epayments
• Transaction Network Services Inc.
• Signifyd
• Sisa Information Security
• Geobridge Corporation
• Shift4 Corporation

(Another brief information of 13 companies will be provided in the report)

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About Us:

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

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