Payment Security Market 2018 by Global Leaders: Shift4, Ingenico ePayments, Intelligent Payments, GEOBRIDGE, CyberSource, Elavon, PayPal Holdings

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.

Global 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.

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.

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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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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