openPR Logo
Press release

POS Security Market Trends, Size, Share, Growth, Industry Analysis, Advance Technology and Forecast 2027

09-27-2022 04:34 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets(TM) INC.

POS Security Market Trends, Size, Share, Growth, Industry

According to a research report "POS Security Market by Offering (Solutions and Services), Organization Size (SMEs and Large Enterprises), Vertical (Retail, Restaurants, and Hospitality), and Region (North America, Europe, APAC, MEA, Latin America) - Global Forecast to 2027" published by MarketsandMarkets, the global POS security market size is expected to grow from an estimated value of USD 4.0 billion in 2022 to USD 6.1 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 8.6% from 2022 to 2027. Growing scale of data breaches that involve POS system compromise and compliance with regulations are some of the factors that are driving the market growth.

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/pos-security-market-114467728.html

Browse in-depth TOC on "POS Security Market"
140 - Tables
44 - Figures
173 - Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114467728

By organization size, SMEs to grow at the highest CAGR during the forecast period

SMEs play a key role in most economies, particularly in developing countries. They are important contributors to job creation and the global economic development. According to the World Bank's report, Small and Medium Enterprises Finance, they represent 90% of the businesses and more than 50% of the employment worldwide. The threat of cybercrime is continuously rising but the general awareness and resilience amongst small and medium enterprises remains low. One of the obstacles faced by SMEs in growing their business in emerging markets and developing countries is finance. SMEs also lack appropriate security measures deployed to their systems. One of the most common forms of cyber-attacks against SMEs are related to payments. The methods to steal the confidential data include through malware and skimming. These attacks aim at exploiting the customers' personal data and payment data. These factors have contributed to SMEs increasingly adopting POS security solutions. The adoption rate of POS security solutions and services by SMEs is expected to increase over the years.

By vertical, retail segment to hold a larger market size during the forecast period

Retailers are increasingly deploying POS systems to increase the efficiency of their operations. The retail vertical consists of supermarkets/hypermarkets, grocery stores, specialty stores, convenience stores, gas stations, discount stores, department stores, among others. Greater convenience comes through better connectivity between retailers and customers across multiple checkpoints. However, growing intensity of cyber threats along with the pressure to keep up with the technology innovation has put retailers in a precarious situation. Moreover, regulatory compliances by the central banks and governments of several countries, including the PCI DSS, has prompted the retail trade owners to adopt POS security products and solutions. According to the TrustWave Global Security Report in 2018, the retail industry bagged the 'most compromised' industry label. The primary target was the payment card data. POS security vendors are increasingly offering solutions in the retail industry. Tripwire POS threat protection, a part of Tripwire Enterprise, delivers comprehensive POS protection with over 35 policies and 55 tests, and offers early detection, reducing the time for massive damages and the recovery time.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=114467728

By region, Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific is expected to be the fastest growing region in the POS security market. APAC experiences substantial security spending owing to the ever-growing threat landscape of the region. Digitalization has been impacting countries in Asia and this effect is set to grow in the aftermath of the Covid-19 pandemic. One of the characteristics of this vast and diverse region is the presence of a large SME sector comprising most enterprises in all the region's economies. The requirement of large investments acts as a barrier for SMEs to adopt POS security solutions. But factors such as increasing digitalization, high internet usage, and adoption of smartphones are the factors fueling the POS security market. In recent years, Asia Pacific has undergone tremendous economic growth, political transformation, and social change. Organizations in this region are also increasingly focusing on creating better experiences for their users by providing security to their sensitive payment data. Organizations that deal with highly sensitive customer data are increasingly adopting POS security solutions. The governments of the countries in Asia Pacific have also set up regulations and compliances for payment systems including POS terminals, to ensure security.

Key Players
The key players in the global POS security market include Oracle (US), Micro Focus (UK), NCR (US), Fortinet (US), Verifone (US), PayPal (US), Check Point (US), CardConnect (US), Morphisec (US), Kaspersky (Switzerland), Sophos (UK), Thales (France), Upserve (US), Tripwire (US), Elavon (US), TempusPayment (US), Bluefin (US), SquareUp (US), Acunetix (Malta), Vend (New Zealand), TokenEx (US), BPAPOS (US), TeskaLabs (UK), Clover (US), Helcim (Canada), and Hideez (US).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/pos-security.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release POS Security Market Trends, Size, Share, Growth, Industry Analysis, Advance Technology and Forecast 2027 here

News-ID: 2750360 • Views:

More Releases from MarketsandMarkets(TM) INC.

Virtual Event Platform Market Size poised to surpass worth approximately $30.6 billion in 2027
Virtual Event Platform Market Size poised to surpass worth approximately $30.6 b …
According to a research report "Virtual Event Platform Market by Component (Platform and Services), Organization Size, End User (Corporations, Governments, Education, Healthcare, Third-party Planners, Associations, Non-Profit) and Region - Global Forecast to 2027" published by MarketsandMarkets, the global virtual event platform market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.8% during the forecast period, to reach USD 30.6 billion in 2027 from USD 12.4
Digital Transformation Market Outlook; Up-to-date Development Data, Trends & Forecast 2030
Digital Transformation Market Outlook; Up-to-date Development Data, Trends & For …
According to a research report "Digital Transformation Market by Offering (Solutions & Services), Technology (Cloud Computing, Big Data & Analytics, Blockchain, Cybersecurity, AI), Business Function (Accounting & Finance, IT, HR), Vertical,& Region - Global Forecast to 2030" published by MarketsandMarkets, the global digital transformation market size is to grow from USD 695.5 billion in 2023 to USD 3,144.9 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 24.1%
Physical Security Market Outlook; Up-to-date Development Data, Trends & Forecast 2028
Physical Security Market Outlook; Up-to-date Development Data, Trends & Forecast …
According to a research report "Physical Security Market by Component, System (Physical Access Control System, Video Surveillance System, and Perimeter Intrusion Detection and Prevention), Service, Organization Size, Vertical (BFSI and Healthcare) and Region - Global Forecast to 2028" published by MarketsandMarkets, the global physical security market size is projected to grow from USD 110.2 billion in 2023 to USD 136.9 billion by 2028 at a Compound Annual Growth Rate (CAGR)
Innovation Management Market Size, Share, Trends, Outlook, and Opportunity Analysis 2026
Innovation Management Market Size, Share, Trends, Outlook, and Opportunity Analy …
The innovation management market size is expected to grow from USD 1.0 billion in 2021 to USD 1.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. Innovation management solutions majorly focus on adding value to customers, employees, citizens, students, and faculty, among others. Innovative ideas, experience, and knowledge sharing not only result in value addition to organizations but also bring a sense

All 5 Releases


More Releases for POS

Full Service Restaurant POS Market to Get a New Boost: Toast POS, Focus POS, BIM …
The Latest research study released by HTF MI "Global Full Service Restaurant POS Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying the importance of different factors that aid market growth. Some of the Major Companies covered in this Research
The Continuing Growth Story of Restaurant POS System Market | Square, BIM POS, T …
Global Restaurant POS System Market by Player, Region, Type, Application and Sales Channel is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the
POS Software Market is Booming Worldwide with Realtime POS, Alexandria Computers …
Advance Market Analytics released the research report of Global POS Software Market, offers a detailed overview of the factors influencing the global business scope. POS Software Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the POS Software. This Report covers the emerging player's data, including: competitive
Cloud POS Market to 2027 - Square, Intuit, Oracle, Shopify,Toast, Vend, Accu POS …
The global Cloud POS market valued at US$ 4.95 Bn in 2018 and is expected to grow at a CAGR of 21.6% during the forecast period 2019 – 2027, and reach US$ 27.82 Bn in 2027. Key Benefits- - To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Cloud POS Market - To forecast the size of the market segments with
POS Software Market Is Booming Worldwide | Realtime POS, Heartland Payment Syste …
Advance Market Analytics recently introduced POS Software Comprehensive Study by Type Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Realtime POS, Inc. (United States) , Heartland
Global Restaurant POS Software Market Forecast 2018-2025 Loyverse , eZee Techno …
Global Restaurant POS Software Market This report focuses on the global Restaurant POS Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Restaurant POS Software development in United States, Europe and China. In 2017, the global Restaurant POS Software market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. Request