Payment Security Market Size to Hit 24.63 Billion USD by 2022

Northbrook, IL, USA, 2020-Mar-16 —

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 report analyzes the market opportunities for stakeholders by identifying high-growth segments of the market. Furthermore, the report profiles the key players of the market and comprehensively analyzes their core competencies, such as new product launches, acquisitions, partnerships, agreements, and collaborations. Moreover, the report also covers detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).

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.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181519578 

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.

The major vendors in the payment security market include Braintree (Illinois, US), CyberSource Corporation (California, US), Elavon (Georgia, US), Index (Nevada, US), Ingenico ePayments (Hoofddorp, Netherlands), Intelligent Payments (Gibraltar), GEOBRIDGE Corporation (Virginia, US), Shift4 Corporation (Nevada, US), Transaction Network Services (TNS) Inc. (Virginia, US), and TokenEx, LLC (Oklahoma, US).

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, 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, “Knowledgestore” 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.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com