Need advice? Keen to get the best deal? Call now on +44 (0)1494
Payment Security Market by Solution, Service, Organization Size, Industry Vertical, and Region - Global Forecast to 2022
Payment Security Market by Solution (Encryption, Tokenization, and Fraud Detection and Prevention), Service (Integration, Support, and Consulting), Organization Size (Large Enterprises and SMEs), Industry Vertical, and Region - Global Forecast to 2022
Payment security solutions provide security to consumer’s sensitive data and enable secure transaction between a merchant and its customers through any of the various digital payment modes, such as the web, mobile, and POS machine. The solution has gained much popularity, as it is helping organizations comply with the PCI DSS regulatory compliances. With the implementation of payment security platforms, public and private organizations can prevent payment frauds and secure online business transactions.
The solutions segment is expected to have a larger market share in the payment security market in 2017.
The solutions segment is expected to have a larger market share and dominate the payment security market during the forecast period. The major reason for the high adoption of payment security solutions is the increased usage of payment technologies in organizations. Payment security solutions help organizations to minimize the loss of financial data through control and regular monitoring of malicious activities across various payment modes.
The education vertical is expected to grow at the highest CAGR in the payment security market.
The education vertical is expected to grow at the highest CAGR during the forecast period. Educational institutes are using advanced payment security solutions to secure the confidential data related to admission fees, applications, research, patents, and others. Therefore, the adoption of payment security solutions in this vertical in increasing.
North America is expected to contribute the largest market share, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR.
North America is expected to have the largest market share and dominate the payment security market during the forecast period, due to the presence of a large number of payment security vendors in this region. APAC, on the other hand, offers potential growth opportunities in the payment security market as there is a wide presence of Small and Medium-Sized Enterprises (SMEs) in this region. These SMEs are turning toward payment security services to defend against advanced payment frauds.
Some of the Prominent Key Players in the Payment Security Market are:
- Bluefin Payment Systems
- Cybersource Corporation
- Ingenico Epayments
- Intelligent Payments
- Geobridge Corporation
- Shift4 Corporation
- Sisa Information Security
- Signifyd Inc.
- TNS Inc.
- Tokenex, LLC
Scope of the Report
- The research report segments the payment security market into the following submarkets:
- By Solution
- Fraud detection and prevention
- By Service
- Integration services
- Support services
- Consulting services
By Organization Size:
- Large enterprises
- Small and Medium-Sized Enterprises (SMEs)
- Travel and hospitality
- IT and telecom
- Media and entertainment
- Others (automotive, financial services, and manufacturing)
- North America
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
- Latin America
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
- Further breakdown of the North American payment security market
- Further breakdown of the European market
- Further breakdown of the APAC market
- Further breakdown of the MEA market
- Further breakdown of the Latin American market
Detailed analysis and profiling along with competitive leadership mapping to get detailed information about the market competitors on the basis of their product offerings and business strategies. The report reviews the major players who offer payment security services. Additionally, the report also outlines the findings and analysis on how well each payment security vendor performs within the MarketsandMarkets criteria.