Global Payment Security Market would grow to 27.01 billion in 2023 at a CAGR of 15.24% | Bluefin, SISA, Braintree, Paygilant, Ingenico E-payments

Global Payment Security Market

Global payment security market would grow to 27.01 billion in 2023 at a CAGR of 15.24%. The growing propagation of smartphones, acceptance of wearable technology, cumulative adoption of m-commerce and e-commerce, by banking and financial services, the entrance of the technology companies and accessibility of a diverse payment technology solutions are predicted to drive the industry in spite of technological, financial and security challenges restraining the ecosystem in several key market regions.

Asia continues to lead in mobile payments, with consumers embracing digital wallets on a huge scale, banks and businesses have transformed their payment infrastructures to support this surge.

Global payment security technology providers are Bluefin, SISA, Braintree, Paygilant, Ingenico E-payments, etc.

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Governments are endorsing growths in card acceptance infrastructure and in turn growing debit and credit card usage in evolving markets. ATM and bank branches in countries including Brazil, Mexico, Argentina and other countries are expected to reduce in the forecasted years. By application, the market is segmented into industrial automation, smart factories and industrial IoT. Industrial automation has the highest share in the Global market in 2018.

By solution, the market is segmented into encryption, tokenization, fraud detection and prevention.
By service, the market is segmented into integration services, support services, consulting services.
By end-user, the market is segmented into retail, travel and hospitality, healthcare, IT and telecom, education, media and entertainment, and others.
By regions, the market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa

Key growth factors

Banks are using technologies and modernization initiatives such as open Application Program Interfaces (API), blockchain, instant payments and mobile wallets to enhance the customer experience, in turn leading to the increase in the demand for the payment security.
Due to the widespread use of smartphones, mobile banking and payments applications have gone mainstream, and wearables provide convenient access to such applications.

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Table of Contents:

Chapter 1: Executive summary
Chapter 2: Introduction: market overview
Chapter 3: Global payment security-North America
Chapter 4: Global payment security-Europe
Chapter 5: Global payment security-Asia Pacific
Chapter 6: Global payment security-Latin America
Chapter 7: Global payment security-The Middle East and Africa
Chapter 8: Company profile
Chapter 9: Conclusion
Chapter 10: Appendix

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