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Payment Security Market 2019 Global Leaders: Elavon, GEOBRIDGE, Intelligent Payments, Shift4, TokenEx, CyberSource, Ingenico ePayments, 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 Highlights
The global payment security market is expected to witness a high growth in the coming years. The payment security system is growing with the increasing numbers of e-Commerce and m-commerce transactions. Moreover, the tokenization technology is innovation to this market which improve payment security and provide a payment process. It provides the customer authentication without affecting the transaction’s security.
The study indicates that the e-commerce allows the secure online payment solution, which generate unique virtual number. The online payment transactions is using digital signatures to ensure authentication of transactions. While, Secure Sockets Layer is the most commonly used protocol across the industry as it meets the security requirement such as authentication, encryption, integrity, non-reputability.
The Global Payment Security Market is growing rapidly over ~17% of CAGR and is expected to reach approximately USD~ 27 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Payment Security Market Research Report -Forecast to 2023”.
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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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