Payment Security Market
Payment Security Market Size, Share, Growth and Forecast, 2017-2022
The global payment security is anticipated to witness an impressive growth rate during the forecast period. Payment Security market is expected to grow impressively with a CAGR of 17% during 2017-2022. Rising incidences of identity theft and online fraud had led the customers to feel cautious about giving out their personal data and credit card information online. Digital banking are growing across the globe and are affected by growing online frauds. Preventive measures are considered to be key factors in the contest against fraud with payments on the internet. Several numbers of payment security companies such as Braintree, Cyber Source Corporation and Elavon, are paying efforts to build reliable and safe platform for securing transactions. The pivotal factors that are contributing in the growth of payment security market include adoption of digital payment modes, compliance of Payment Card Industry (PCI) Data Security Standard (DSS) guidelines, acceleration of e-commerce and so forth. Furthermore, advancement in technology and rise in online transactions are also estimated to contribute in the growth of the market.
Updated version (2019-2025) of the report
is available @ https://www.omrglobal.com/industry-reports/payment-security-market-size
APAC region is growing considerably and expected to contribute significantly in the growth of global payment security market. APAC region countries such as India, China and Japan have shown a remarkable growth in E-Commerce domain. India successfully changing the way people transact and become home to estimated 3,000 e-commerce hubs, and more than 1,200 rural hubs, 390 export hubs and 2,000 import hubs. The rising demand of e-commerce services has been boosting the growth of payment security market due to the implementations of Europay Mastercard and Visa (EMV). Rising security concern will drive the payment security market in near future. EMV chips cards in several online stores and brick and mortar locations in the U.S. are major targets for cyber frauds and data forgeries. Additionally, according to the U.S. payment forums, more than 70% of the online merchants have reported the CNP Frauds in the year 2015. A noticeable number of Card Not Present (CNP) frauds have been detected across the Europe after its implementation. Similar trends can be prevented by retailers to be more concerned about the security and their e-commerce payments. A payment gateway is an e-commerce based service provider that eases the payments done through credit cards for regular brick and mortar business, e-businesses and online retailers. It makes possible the information transfer between an acquiring bank or a front end processor and a payment portal like a website, mobile phone and so on. Adoption of e-commerce payment gateway service is a must while operating an online business.
Advancement in technology, partnership and collaboration are key strategies adopted by the market players which are boosting the growth of payment security market. In 2014, MasterCard and Dynamics Inc, collaborated to develop expanded suite of secure and feature rich payment card solutions. The cards come with multiple applications stored on the card itself, assuring its compatibility across existing Point of Sale (POS) terminals. In context to security aspects, these interactive payment cards contain a display and keypad to meet the purpose. Whenever a consumer enters the correct unlocking code into the buttons of the card, the payment card number is provided on a display (for online use) and is written to the stripe (for in-store use). However, there are certain factors that are hindering the growth of the market. Security concerns for online banking and low awareness about online payments are considered to be some of the restraining factors for the growth of the market.
Geographical insights:
Global payment security market is analyzed on the basis of the geographical regions that are contributing significantly towards the growth of the market. On the basis of the geography, market is bifurcated into North America, Europe, Asia Pacific and Rest of the World. Data theft is a global phenomenon; however, the public and private entities in the U.S. are the prime targets of cyber attacks. Highest online fraud cases are registered in the U.S. that lags behind in card security as compared to other countries. North America is predicted to be the largest revenue-generating region for payment security service vendors in 2017. North American regions such as the U.S. and Canada are contributing significantly due to R&D investment, technological advancement and innovation in payment security technologies. Europe is also contributing as a major revenue generator with major contribution from the UK, Germany, France and Spain. The Asia Pacific region is predicted to be the fastest-growing region due to rising adoption of advanced payment technologies within organizations to perform business transactions.
Competitive insights:
Key players of the payment security market are Bluefin Payment System, Braintree, CyberSource Corporation, Elavon, Index, Ingenico, ePayments, Intelligent Payments, Geobridge Corporation, Shift4 Corporation, Transaction Network Services (TNS) Inc., and TokenEx, LLC and so on. These market players are adopting strategies such as accepting global currencies with multiple settlement currency options and enabling the customers to pay through various payment get ways. Moreover, adoptions of innovative services provided by the payment security market players have been boosting the market growth. CyberSource secure acceptance and tokenization services to process payments and refunds without handling or storing payment data are increasingly adopted.
Market segmentation:
Global payment security market is segmented on the basis of solutions, service, organization size, platform type and verticals. End users services and the organizations are the major segments which are contributing significantly in the growth of payment security market. There have been plenty of services used by the users including individuals, major industries like healthcare, government, ecommerce and so forth which are contributing in the process. The major segments of globally payment security market includes-
- Global payment security market research and analysis, by solution
- Global payment security market research and analysis, by service
- Global payment security market research and analysis, by organization size
- Global payment security market research and analysis, by platform type
- Global payment security market and research and analysis, by industry vertical
The report covers:
- Comprehensive research methodology of global payment security market.
- In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global payment security market.
- Insights about market determinants which are stimulating the global payment security market.
- Detailed and extensive market segments with regional distribution of researched revenues
- Extensive profiles and recent developments of market players
1.REPORT SUMMARY
1.1.RESEARCH METHODS AND TOOLS
1.2.MARKET BREAKDOWN
1.2.1.BY SEGMENTS
1.2.2.BY GEOGRAPHY
1.2.3.BY STAKEHOLDERS
2.MARKET OVERVIEW AND INSIGHTS
2.1.DEFINITION
2.2.ANALYST INSIGHT& CURRENT MARKET TRENDS
2.2.1.KEY FINDINGS
2.2.2.RECOMMENDATION1.REPORT SUMMARY
1.1.RESEARCH METHODS AND TOOLS
1.2.MARKET BREAKDOWN
1.2.1.BY SEGMENTS
1.2.2.BY GEOGRAPHY
1.2.3.BY STAKEHOLDERS
2.MARKET OVERVIEW AND INSIGHTS
2.1.DEFINITION
2.2.ANALYST INSIGHT& CURRENT MARKET TRENDS
2.2.1.KEY FINDINGS
2.2.2.RECOMMENDATION
2.2.3.CONCLUSION
2.3.REGULATIONS
2.3.1.UNITED STATES
2.3.2.EUROPEAN UNION
2.3.3.CHINA
2.3.4.INDIA
2.3.5.REST OF THE WORLD
3.MARKET DETERMINANT
3.1.MOTIVATORS
3.1.1.ADOPTION OF DIGITAL PAYMENT MODES
3.1.2.NEED TO ADHERE TO PAYMENT CARD INDUSTRY DATA SECURITY STANDARD (PCIDSS) GUIDELINES
3.1.3.ELECTRONIC COMMERCE (E-COMMERCE) IS ACCELERATING
3.1.4. NEED FOR FINANCIAL INCLUSION
3.1.5. FAVOURABLE DEMOGRAPHICS DRIVING THE ONLINE PAYMENT
3.1.6. RISE IN ONLINE TRANSACTIONS
3.2.RESTRAINTS
3.3.LOW AWARENESS OF ONLINE PAYMENT
3.4.LACK OF TRUST ON ONLINE BANKING
3.5.OPPORTUNITIES
3.5.1.RISE IN DEMAND OF PAYMENT SECURITY ACROSS DIFFERENT APPLICATIONS.
3.5.2.INCREASED USAGE OF ADVANCED PAYMENT SECURITY SOLUTION FOR DIGITAL E-COMMERCE
4.MARKET SEGMENTATION
4.1.PAYMENT SECURITY MARKET BY SOLUTION
4.1.1.ENCRYPITION
4.1.2.TOKENIZATION
4.1.3.FRAUD DETECTION AND PREVENTION
4.2.PAYMENT SECURITY MARKET BY SERVICE
4.2.1.INTEGRATION
4.2.2.SUPPORT
4.2.3.CONSULTING
4.3.PAYMENT SECURITY MARKET BY ORGANIZATION SIZE
4.3.1.LARGE ENTERPRISE
4.3.2.SMALL AND MEDIUM ENTERPRISE
4.4.PAYMENT SECURITY MARKET BY INDUSTRY VERTICAL
4.4.1.RETAIL AND COMMERCIAL
4.4.2.ENTERPRISE
4.4.3.HOSPITALITY
4.4.4.IT AND TELECOMMUNICATION
4.4.5.EDUCATION
4.4.6.OTHERS
4.5.PAYMENT SECURITY MARKET BY PLATFORM TYPE
4.5.1.BROWSER
4.5.2.MOBILE APP
4.5.3.POINT OF SALE (POS)
5.COMPETITIVE LANDSCAPE
5.1.KEY STRATEGIES
5.2.KEY COMPANY ANALYSIS
6.REGIONAL ANALYSIS
6.1.NORTH AMERICA
6.1.1.UNITED STATES
6.1.2.CANADA
6.1.3.REST OF NORTH AMERICA
6.2.EUROPE
6.2.1.UNITED KINGDOM
6.2.2.FRANCE
6.2.3.GERMANY
6.2.4.ITALY
6.2.5.SPAIN
6.2.6.REST OF EUROPE
6.3.ASIA PACIFIC
6.3.1.INDIA
6.3.2.CHINA
6.3.3.JAPAN
6.4.REST OF THE WORLD
7.COMPANY PROFILES
7.1.BLUEFIN PAYMENT SYSTEM
7.1.1.INTRODUCTION
7.1.2.BLUEFIN PAYMENT SYSTEM PRODUCT PORTFOLIO
7.1.3.BLUEFIN PAYMENT SYSTEMRECENT ACTIVITIES
7.2.BRAINTREE
7.2.1.INTRODUCTION
7.2.2.BRAINTREE PRODUCT PORTFOLIO
7.2.3.BRAINTREE RECENT ACTIVITIES
7.3.CYBERSOURCE CORPORATION
7.3.1.INTRODUCTION
7.3.2.CYBERSOURCE CORPORATION PRODUCT PORTFOLIO
7.3.3.CYBERSOURCE CORPORATION RECENT ACTIVITIES
7.4.ELAVON
7.4.1.INTRODUCTION
7.4.2.ELAVON PRODUCT PORTFOLIO
7.4.3.ELAVON RECENT ACTIVITIES
7.5.INDEX
7.5.1.INTRODUCTION
7.5.2.INDEX PRODUCT PORTFOLIO
7.5.3.INDEX RECENT ACTIVITIES
7.6.INGENICO
7.6.1.INTRODUCTION
7.6.2.INGENICO PRODUCT PORTFOLIO
7.6.3.INGENICO RECENT ACTIVITIES
7.7.INTELLIGENT PAYMENTS
7.7.1.INTRODUCTION
7.7.2.INTELLIGENT PAYMENTS PRODUCT PORTFOLIO
7.7.3.INTELLIGENT PAYMENTS RECENT ACTIVITIES
7.8.GEOBRIDGE CORPORATION
7.8.1.INTRODUCTION
7.8.2.GEOBRIDGE CORPORATION PRODUCT PORTFOLIO
7.8.3.GEOBRIDGE RECENT ACTIVITIES
7.9.SHIFT4 CORPORATION
7.9.1.INTRODUCTION
7.9.2.SHIFT4 PRODUCT PORTFOLIO
7.9.3.SHIFT4 RECENT ACTIVITIES
7.10.SISA INFORMATION SECURITY
7.10.1.INTRODUCTION
7.10.2.SISA INFORMATION SECURITY PRODUCT PORTFOLIO
7.10.3.SISA INFORMATION SECURITY RECENT ACTIVITIES
7.11.SIGNIFYD INC.
7.11.1.INTRODUCTION
7.11.2.SIGNIFYD INC. PRODUCT PORTFOLIO
7.11.3.SIGNIFYD RECENT ACTIVITIES
7.12.TNS INC.
7.12.1.INTRODUCTION
7.12.2.TNS INC. PRODUCT PORTFOLIO
7.12.3.TNS INC. RECENT ACTIVITIES
7.13TOKENX, LLC
7.13.1.INTRODUCTION
7.13.2.TOKENX, LLC PRODUCT PORTFOLIO
7.13.3.TOKENX, LLC RECENT ACTIVITIES
7.14.TRANSACTION NETWORK SERVICES
7.14.1.INTRODUCTION
7.14.2.TRANSACTION NETWORK SERVICES PRODUCT PORTFOLIO
7.14.3.TRANSACTION NETWORK SERVICES RECENT ACTIVITIES
7.15.2CHECKOUT
7.15.1. INTRODUCTION
7.15.2.2 CHECKOUT PRODUCT PORTFOLIO
7.15.3.2 CHECKOUT RECENT ACTIVITIES
7.16.ADYEN
7.16.1.INTRODUCTION
7.16.2.ADYEN PRODUCT PORTFOLIO
7.16.3.ADYEN RECENT ACTIVITIES
7.17.ALIPAY
7.17.1.INTRODUCTION
7.17.2.ALIPAY PRODUCT PORTFOLIO
7.17.3.ALIPAY RECENT ACTIVITIES
7.18.FIRST DATA CORPORATION
7.18.1.INTRODUCTION
7.18.2.FIRST DATA CORPORATION PRODUCT PORTFOLIO
7.18.3.FIRST DATA CORPORATION RECENT ACTIVITIES
7.19.GEMALTO
7.19.1. INTRODUCTION
7.19.2. GEMALTO PRODUCT PORTFOLIO
7.19.3. GEMALTO RECENT ACTIVITIES
7.20. CAYAN
7.20.1. INTRODUCTION
7.20.2. CAYAN PRODUCT PORTFOLIO
7.20.3. CAYAN RECENT ACTIVITIES
TABLE # 1 GLOBAL PAYMENT SECURITY MARKET RESEARCH AND ANALYSIS, BY SOLUTION, 2015-2022 ($ MILLION)
TABLE # 2GLOBAL ENCRYPITION MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 3GLOBAL TOKENIZATION MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 4GLOBAL FRAUD DETECTION AND PREVENTION MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 5GLOBAL PAYMENT SECURITY MARKET RESEARCH AND ANALYSIS BY SERVICE, 2015-2022 ($ MILLION)
TABLE # 6GLOBAL INTEGRATION MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 7GLOBAL SUPPORT MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 8GLOBAL CONSULTING MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 9GLOBAL PAYMENT SECURITY MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2015-2022 ($ MILLION)
TABLE # 10GLOBAL LARGE ENTERPRISE MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 11GLOBAL SMALL AND MEDIUM ENTERPRISE MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 12GLOBAL PAYMENT SECURITY MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICAL, 2015-2022 ($ MILLION)
TABLE # 13GLOBAL RETAIL AND COMMERCIAL MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 14GLOBAL ENTERPRISE MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 15GLOBAL HOSPITALITY MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 16GLOBAL IT AND TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 17GLOBAL EDUCATION MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 18GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 19GLOBAL PAYMENT SECURITY MARKET RESEARCH AND ANALYSIS BY PLATFORM TYPE, 2015-2022 ($ MILLION)
TABLE # 20GLOBAL BROWSER MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 21GLOBAL MOBILE APP MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 22GLOBAL POINT OF SALE (POS) MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
TABLE # 23BLUEFIN PAYMENT SYSTEM PRODUCT PORTFOLIO
TABLE # 24 BLUEFIN PAYMENT SYSTEM RECENT ACTIVITIES
TABLE # 25BRAINTREE PRODUCT PORTFOLIO
TABLE # 26BRAINTREE RECENT ACTIVITIES
TABLE # 27CYBERSOURCE CORPORATION PRODUCT PORTFOLIO
TABLE # 28CYBERSOURCE CORPORATION RECENT ACTIVITIES
TABLE # 29ELAVON PRODUCT PORTFOLIO
TABLE # 30ELAVON RECENT ACTIVITIES
TABLE # 31INDEX PRODUCT PORTFOLIO
TABLE # 32INDEX RECENT ACTIVITIES
TABLE # 33INGENICO PRODUCT PORTFOLIO
TABLE # 34INGENICO RECENT ACTIVITIES
TABLE # 35INTELLIGENT PAYMENTS PRODUCT PORTFOLIO
TABLE # 36INTELLIGENT PAYMENTS RECENT ACTIVITIES
TABLE # 37GEOBRIDGE CORPORATION PRODUCT PORTFOLIO
TABLE # 38GEOBRIDGE RECENT ACTIVITIES
TABLE # 39SHIFT4 PRODUCT PORTFOLIO
TABLE # 40SHIFT4 RECENT ACTIVITIES
TABLE # 41SISA INFORMATION SECURITY PRODUCT PORTFOLIO
TABLE # 42SISA INFORMATION SECURITY RECENT ACTIVITIES
TABLE # 43SIGNIFYD INC. PRODUCT PORTFOLIO
TABLE # 44SIGNIFYD RECENT ACTIVITIES
TABLE # 45TNS INC. PRODUCT PORTFOLIO
TABLE # 46TNS INC. RECENT ACTIVITIES
TABLE # 47TOKENX, LLC PRODUCT PORTFOLIO
TABLE # 48TOKENX, LLC RECENT ACTIVITIES
TABLE # 49TRANSACTION NETWORK SERVICES PRODUCT PORTFOLIO
TABLE # 50TRANSACTION NETWORK SERVICES RECENT ACTIVITIES
TABLE # 512CHECKOUT PRODUCT PORTFOLIO
TABLE # 522CHECKOUT RECENT ACTIVITIES
TABLE # 53ADYEN PRODUCT PORTFOLIO
TABLE # 54ADYEN RECENT ACTIVITIES
TABLE # 55ALIPAY PRODUCT PORTFOLIO
TABLE # 56ALIPAY RECENT ACTIVITIES
TABLE # 57FIRST DATA CORPORATION PRODUCT PORTFOLIO
TABLE # 58FIRST DATA CORPORATION RECENT ACTIVITIES
TABLE # 59GEMALTO PRODUCT PORTFOLIO
TABLE # 60GEMALTO RECENT ACTIVITIES
TABLE # 61CAYAN PRODUCT PORTFOLIO
TABLE # 62CAYAN RECENT ACTIVITIES
FIGURE # 1NORTH AMERICA MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 2US MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 3CANADA MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 4EUROPEAN MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 5UK MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 6FRANCE MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 7GERMANY MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 8ITALY MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 9SPAIN MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 10ROE MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 11ASIA PACIFIC MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 12INDIA MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 13CHINA MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 14JAPAN MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 15ROPAC MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
FIGURE # 16REST OF THE WORLD MARKET RESEARCH AND ANALYSIS, 2015-2022 ($ MILLION)
