Mobile Payment Security Software Market 2022 Competitive Insights - Broadcom Corporation, OneSpan, UL Transaction Security, MagTek Inc., NCR Corporation

The Mobile Payment Security Software Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Mobile Payment Security Software Market is expected to grow at a CAGR of 9.2% over the forecast periods (2021-2026).

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Top Leading Companies of Mobile Payment Security Software Market are Broadcom Corporation, OneSpan, UL Transaction Security, MagTek Inc., NCR Corporation, Fidelity National Information Services Inc., Ingenico Group, FICO Enterprise, Chase Paymentech Solutions, Braintree Payment Solutions LLC, Bluefin Payment Systems LLC and others.

Industry News and Updates

April 2019 - US-based Fidelity National Information Services Inc planned to take advantage of India's financial sector to roll-out its security offeirngs. In March 2019, they acquired payment processor Worldpay for USD 35 billion.

- May 2020- Paypal Holding Inc. announced to launch a Fraud Protection system that gives merchants an integrated solution that leverages the deep intelligence of the PayPal and Braintree networks, a vast array of data analytics, and state-of-the-art machine learning. Fraud Protection adapts to changing fraud patterns and provides the flexibility to choose rules and filter settings specific to merchants' businesses.

Key Market Trends

North America to Dominate the Market Share

- Further, it has been estimated that digital/mobile wallets will soon overtake credit cards to become the leading online payment method to account for 37% of North American eCommerce spend by 2023. Also, the regulation of retail payment systems is dispersed across multiple state and federal regulators. For example, payment systems are subject to federal consumer protection regulation under the Electronic Fund Transfer Act (P.L. 95-630), anti-money laundering requirements under the Bank Secrecy Act (P.L. 91-508), and various state licensing, safety and soundness, anti-money laundering, and consumer protection requirements.

- The US is an established consumer market and is focused on innovation. Companies such as PayPal and Apple Pay have a strong presence in the region with a slow growth rate. Apple Pay allows users to make purchases in stores, in apps, and online securely without handing over the credit card information every time. In a store, the mobile wallet uses near-field communication technology, which allows two devices placed within a few centimetres of each other to exchange data. To keep the information private, Apple Pay creates a unique token every time the user uses it, so merchants never get the actual card number. Meanwhile, PayPal, a prominent US third??party payment platform, has a fraud rate of 0.32 percent.

Regional Outlook of Mobile Payment Security Software Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Mobile Payment Security Software Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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