Mobile Payment Security Software Market And Top Key Players are Symantec Corporation, Intel Corporation, Cisco Systems Inc.

The use of Mobile devices as a form of wallet to make financial transactions have transformed businesses and the way in which they operate. The use of mobile devices for payments also brings with it several concerns with respect to security. Mobile payment security software tries to alleviate these concerns by creating a secure and simple way of performing transactions.

Market Dynamics
The factors that drive growth for the Mobile Payment Security Software Market include the increasing cases of hacking reported across the world. The increasing penetration of mobile devices and their extensive use as a means to perform a financial transaction is another growth driver for this market.

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The market also throws up several opportunities with regard to a large number of technological developments happening in the field.

Market Segmentation
The market is segmented in terms of the solution, end-use, mode of payment and geography.

In terms of the solution, the market is classified into software and service. The software segment is further classified into firewalls, anti-virus/anti-malware, data encryption, tokenization, multi-factor authentication, Security Information and Event Management, Data Loss Prevention, and Others.

On the basis of mode of payment, it is classified further into mobile payment security software, Point-of-Sale (PoS) systems and security, and online payment security software.

On the basis of end-use industry, it is classified into Banking and Financial Services, Government, Healthcare, and Others.

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Regional/Geographic Analysis
North America is the dominating market in terms of market share due to the technological advancement, increased smartphones penetration. North America is followed by Europe and Asia Pacific

Key Players
Some of the major players in the market include Symantec Corporation, Intel Corporation, Cisco Systems Inc., CA, Inc., Trend Micro, Gemalto, TNS Inc., HCL Technologies, VASCO Data Security International, Inc., and Thales e-Security.

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