What’s next in Payment Security Market? Hospitality, Telecom and IT, Education, Healthcare, Component, Top Key Vendors Cybersource, Elavon, Braintree, Index, Signifyd, Geobridge and Others

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.

When selling online, security should always be top priority. Customers are paying more and more attention to data breaches, and payment systems quickly stop purchases in compromised businesses. Recent studies show that 60% of consumers are not enough to protect sensitive information, and 60% of consumers are not sure about retail security at all. 1 The EMV chip card implementation in the United States is also the target of online shop fraud in offline stores. When EMV was implemented throughout Europe a few years ago, Card-Not-Present (CNP) fraud increased significantly. In fact, during the first three years of using EMV chip cards in Europe, CNP fraud increased nearly 80%.

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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

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