Press release
Payment Security Market Global Opportunity Analysis and Industry Forecast, 2021-2030
The global payment security market size was valued at $17.64 billion in 2020, and is projected to reach $60.56 billion by 2030, growing at a CAGR of 13.2% from 2021 to 2030. The payment security software is a type of information protection technology that reveals vulnerabilities, threats, and risks in a payment transaction system and prevents malicious attacks from intruders.Full Report:
https://www.alliedmarketresearch.com/payment-security-market-A10025
In addition, it also helps banks to streamline and automate finance management processes, ensuring accurate records and increasing operational efficiency across recurring processes such as invoicing and reconciliation. Furthermore, surge in use of credit card technology requiring higher secure endpoint protection and enterprises implementing security measures to prevent financial losses is accelerating the growth of the payment security market across the globe.
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By component, the solution segment garnered the largest payment security market share in 2020, and is expected to maintain its dominance in the upcoming years, owing to increase in adoption of payment procession solution among several industries such as retail, manufacturing and media & entertainment.
Region wise, the payment security market was dominated by North America in 2020, and is expected to retain its position during the forecast period, owing to adoption of huge number of digital payments such as credit/debit payments, mobile wallets and retail payments in the region.
Competitive Analysis
The key players profiled in the payment security market analysis are Bluefin Payment Systems, Cybersource, Elavon Inc., Ingenico, Intelligent Payment Solutions Pvt Ltd., Paypal, Shift4 Payments, LLC, SISA, Signifyd, and Tokenex. These players have adopted various strategies to increase their market penetration and strengthen their position in the payment security industry.
COVID-19 Scenario:
The outbreak of the COVID-19 pandemic led to have a positive impact on the growth of the global digital thermometer market, owing to constant checks on patient's temperature in hospitals and contactless temperature checks during travel.
The demand for mercury-free thermometers is expected to rise even more during the forecasted period.
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Key Benefits For Stakeholders
The study provides an in-depth analysis of the global payment security market forecast along with the current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on global payment security market trends is provided in the report.
Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2021 to 2030 is provided to determine the market potential.
Payment Security Market Report Highlights
Aspects Details
By Component
Solution
Encryption
Tokenization
Fraud Detection & Prevention
Service
By Platform
Web-based
POS-based
By Enterprise size
Large Enterprises
Small and Medium Enterprises
By Industry Verticals
BFSI
Government & Utilities
IT & Telecom
Healthcare
Retail & E-Commerce
Media & Entertainment
Travel & Hospitality
Others
By Region
North America (U.S., Canada)
Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)
By Key Market Players
Bluefin Payment Systems
Cybersource
Elavon Inc.
Ingenico.
Intelligent Payment Solutions Pvt Ltd.
Paypal
Shift4 Payments, LLC
SISA
Signifyd
Tokenex
Related Reports:
Fingerprint Payment Market: https://www.alliedmarketresearch.com/fingerprint-payment-market-A12966
Bitcoin Payments Market: https://www.alliedmarketresearch.com/bitcoin-payments-market-A07535
Payment Security Market: https://www.alliedmarketresearch.com/payment-security-market-A10025
Payment processing solution Market: https://www.alliedmarketresearch.com/payment-processing-solution-market
Credit Card Payment Market: https://www.alliedmarketresearch.com/credit-card-payments-market-A11836
Payment Card Market: https://www.alliedmarketresearch.com/payment-card-market-A06005
Cash Payments Market: https://www.alliedmarketresearch.com/cash-payment-market-A07577
NFC Payments Market: https://www.alliedmarketresearch.com/nfc-payments-market-A08282
Payment Card Skimming Market: https://www.alliedmarketresearch.com/payment-card-skimming-market-A10030
Payment Processing Rings Market: https://www.alliedmarketresearch.com/payment-processing-rings-market-A10018
POS Payment Market: https://www.alliedmarketresearch.com/pos-payment-market-A10023
Electronic Payment Processing Software Market : https://www.alliedmarketresearch.com/electronic-payment-processing-software-market-A12742
Transportation Payments Solution Market
https://www.alliedmarketresearch.com/transportation-payments-solution-market-A14998
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