Payment Security Market Size, Insights, Trends, Outlook :: Major Players- Bluefin, SISA, Braintree, Elavon: Expected to Grow to USD 48.85 BN by 2023, (CAGR) of 17.7% 2018-2023
A closer look at the Payment Security Market aspects including but not limited to market segmentation by the end-user, end-use, geography, type, and application forms an integral part of the research report.
New York, NY -- (SBWire) -- 06/04/2019 --The rising penetration of smartphones, acceptance of wearable technology, cumulative adoption of m-commerce and e-commerce by banking and financial services, entry of technology companies, and access to diverse payment technology solutions are predicted to drive the industry, regardless of technological, financial and security challenges restraining the ecosystem in several key regions. According to, the global payment security market is expected to grow to USD 48.85 Bn by 2023, expanding at a compound annual growth rate (CAGR) of 17.7% during 2018-2023.
- Type - mobile payments, point of sales (POS) payments, and web payments
- Solution - antivirus and firewall, encryption, tokenization, and fraud detection and prevention
- End user - retail, travel and hospitality, healthcare, information technology (IT) and telecom, education, banking, financial services and insurance (BFSI), and others
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Type segment insights:
The POS payment segment is expected to expand at a CAGR of 18.6% during the 2018-2023 period. This segment is likely to be in the leading position in the market throughout the forecast period. Increasing consumer awareness, and the conveniences of online shopping can be attributed to the growth of POS-based platforms. Payment security providers use artificial intelligence (AI)-based tools for purposes such as fraud detection and customer interaction.
Solution segment insights:
The fraud detection and prevention segment holds the largest market share, and is expected to expand at a CAGR of 14.4% during the 2018-2023 period. The public utilities and government vertical is predicted to hold the largest market share in the fraud detection market. Frauds in the public sector include misappropriation of assets, data theft, bribery and corruption, accounting fraud, and money laundering. To tackle these issues, data integrity is of utmost importance.
Major players included are:
- Bluefin
- SISA
- Paygilant
- Ingenico ePayments
- ThreatMark
- CyberSource
- Braintree
- Elavon
- Intelligent Payments
- Shift4 Payments
End user segment insights:
The retail and BFSI segments are anticipated to expand at a CAGR of 18.5% and 20.6% respectively during the 2018-2023 period. Security plays a vital role in online trade. Data breaches make customers wary and influence them into discontinuing with the affected e-commerce websites. They prefer bank transfers and credit cards for travel payments. North America is the leading market for the payment security software segment. Due to increasing investments in online payment technologies, it is anticipated that this market will retain its position during the forecasted period.
Regional insights:
The global payment security market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America holds the largest market share of the payment security market. However, Asia-Pacific will be the fastest growing market due to increasing use of mobile payments. With consumers increasingly embracing digital wallets, banks and businesses have transformed their payment infrastructures to support this surge.
Market segment by Region/Country including:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
- South America Brazil, Argentina, Colombia and Chile etc.)
- Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)
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Reasons to Purchase this Report:
- 1. Get a broad understanding of the global Payment Security market.
- 2. Get region-specific market size and observations for the global Payment Security market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance) and by AI (offering and technology).
- 3. Get specific drivers and challenges for the global Payment Security market and its segments by product (smart pills, mHealth, telemedicine, electronic health record and others), by application (remote medicine management, electronic health record and clinical workflow, outpatient vigilance, medical connected imaging and medical assistance) and by AI (offering and technology).
- 4. Recognize major competitors' business and market dynamics, and respond accordingly.
- Customizations Available
- 1-year analyst support, along with the data support in excel format.
Key points from TOC
7 Payment Security Manufacturing Cost Analysis
7.1 Payment Security Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Price Trend of Key Raw Materials
7.1.3 Key Suppliers of Raw Materials
7.1.4 Market Concentration Rate of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.2.1 Raw Materials
7.2.2 Labor Cost
7.2.3 Manufacturing Expenses
7.3 Manufacturing Process Analysis of Payment Security
8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1 Payment Security Industrial Chain Analysis
8.2 Upstream Raw Materials Sourcing
8.3 Raw Materials Sources of Payment Security Major Manufacturers in 2018
8.4 Downstream Buyers
9 Marketing Strategy Analysis, Distributors/Traders
9.1 Marketing Channel
9.1.1 Direct Marketing
9.1.2 Indirect Marketing
9.1.3 Marketing Channel Development Trend
9.2 Market Positioning
9.2.1 Pricing Strategy
9.2.2 Brand Strategy
9.2.3 Target Client
9.3 Distributors/Traders List
Continue…
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