Mobile Payment Security Software Market is expected to register a CAGR close to 9.14% during 2019 – 2023 | CA Technologies, UL Transaction Security, Symantec, Verifone Systems, MagTek, Dell EMC, NCR

Marketprognosis.com Publish a New Market Research Report On “Global Mobile Payment Security Software Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Mobile Payment Security Software Market:

The Global Mobile Payment Security Software Market is expected to register a CAGR of 9.14%, over the forecast period (2018 - 2023).

Mobile payment methods are expected to grow at a significant rate, owing to the increasing smartphone penetration and the various benefits associated with them, such as improved customer experience, which results in shorter waiting times in queues and wider payment offers to customers. Mobile payment can be performed either by SMS via QR codes, or Near Field Communication (NFC). Consumers are becoming increasingly familiar with using mobile phones for various purposes, including secure financial transactions via mobile applications, or web banking site.

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Furthermore, increasing adoption of mobile wallets in both emerging and developed countries is providing numerous opportunities for service providers and merchants. Mobile phones are also providing an unprecedented opportunity for the expansion of financial activity in the developing countries, where the number of phone users is expected to exceed the number of those having bank accounts. However, the mobile payment option increases the importance of a proper security for the system. Hence, the mobile payment security software market is expected to grow massively during the forecast period.

Rapid Adoption of Mobile Biometrics is driving the Growth of Mobile Security Software Market; The mobile biometrics market is expected to gain full maturity by 2022, due to a consumer adoption phase since 2015. It is expected that by 2022, these authentication systems may be ubiquitous and installed in almost every mobile phone. Integration of embedded software and sensors to secure the use of mobile biometric applications and components operate on mobile devices, like smartphones, tablets, and wearable, are also driving the mobile payment security software market. As the demand for mobile application security, particularly for financial services, along with low-cost apps and on-demand provisioning of software increases, the cost of biometric integration is expected to decline. Moreover, consumers' clamor to eliminate their reliance on passwords and pins is further driving the growth in the market.

Regionally, North America is expected to account for more than 46% of the total market share by 2023. The major reason for the growth is attributed to the high penetration rate of smartphones and an increase in the number of mobile internet users. The adoption of mobile payment is increasing in the United States. Additionally, the increasing popularity and awareness about the usage of digital wallets for e-commerce transactions is also expected to enhance the growth of the North American market.

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Major Key Players:

1 CA Technologies

2 VASCO Data Security International Inc.

3 UL Transaction Security

4 Symantec Corporation

5 Verifone Systems Inc.

6 MagTek Inc.

7 Dell EMC(Dell Inc.)

8 Vantiv(Worldpay Inc.)

9 NCR Corporation

10 Scansource Inc. and More……………

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

3 Which are the leading market products, applications & regions and how will they perform by 2023?

4 What are the technologies & innovation trends, how will they evolve by 2023?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Mobile Payment Security Software Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Mobile Payment Security Software Market - Segmentation

6 Competitive Intelligence Company Profiles

7 Investment Analysis

8 Outlook of the Advanced Authentication Market in the Financial Service Industry

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