Payment Security Market 2019 Business Growth, Size and Comprehensive Research Study Forecast to 2025
Seattle, WA -- (SBWIRE) -- 11/01/2019 -- Payment security Overview:
Payment security solutions allow the user to carry out the financial transactions in a secured manner. Building payment security solutions are of utmost importance for the users to carry out secure payments. Payment security ensures secure financial transaction between merchants and consumers at both point of sale and payment gateway. Payment security software offers a secure medium to carry out online transactions and helps in elimination of frauds associated with errors and identity theft to a large extent. e-Commerce owners and online companies are always looks for effective payment security solutions to make online transactions, which includes detecting and blacklisting hackers as well as scammers.
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Payment security Market Scope:
The Global Payment Security Market was valued at USD 9.85 billion in 2016 and is projected to reach USD 40.22 billion by 2025, growing at a CAGR of 16.92% from 2017 to 2025.
Globally consumers are moving towards the digital payments at a faster pace because it eliminates the time associated with carrying out the transactions at the physical locations due to the rising use of the internet and mobile devices. Though cyber security and data theft are global phenomenon payment security has become the main concern for the public and private institutions due to the continuous cyber-attacks. Organizations which are able to provide enhanced security to the payments ecosystem by understanding the consumer behavior and preference will be able to improve their customer base in the coming future.
Payment security Industry Competition
Each industry assessed in the report is studied in relation to different factors such as product and application portfolios, market share, growth potential, future plans, and recent developments. Readers will be able to gain details understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on strategies that leading players are banking on to maintain their dominance in the Payment security market. It shows how the market competition will change in the next few years and how players are preparing themselves to stay ahead of the industry expectation.
The major players in the market are as follows:
2. Ingenico Epayments
5. Bluefin Payment Systems
6. Intelligent Payments
8. Geobridge Corporation
10. Shift4 Corporation
13. Sisa Information Security
Payment Security: Market Segmentation
Payment Security market is segmented on the basis of
Fraud detection and prevention
Travel and hospitality
IT and telecom
Media and entertainment
Others (automotive, financial services, and manufacturing)
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