Payment Security Market was worth US$ 20.45 Mn. in 2021 and total revenue is expected to grow at a rate of 16.2 % CAGR from 2022 to 2029, reaching almost US$ 67.97 Mn.
Payment Security Market Overview :
The Payment Security Market research provides a comprehensive perspective of the competition, including the market share and company profiles of the top players in the global industry. The scope of the research covers a thorough examination of the Healthcare IoT Market, as well as the causes for variances in the industry's growth in a variety of sectors.
Global Payment Security Market Dynamics :
One of the key factors driving the growth of the payment security industry is the increasing frequency of data breaches. As the number of data breaches rises so does the amount of money lost as a result of them. As a result, the demand for payment security solutions is increasing. Payment security solutions' increasing popularity can also be related to the needs of the Payment Card Industry Data Security Standard (PCI DSS) rules, increased end-user knowledge of payment security, and government attempts to promote cashless payments.
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Global Payment Security Market Segment :
The market is divided into Encryption, Tokenization, Fraud Detection, and Prevention based on the Solution. Consumer card data is secured in large part by encryption, tokenization, and fraud detection and prevention technologies. These technologies change the name and digits into different tokens or encrypt them using algorithms. Fraud detection and prevention are the payment security measures that are most frequently utilised. Big data analytics, social media analytics, consumer analytics, behavioural analytics, predictive analytics, and governance, risk, and compliance are just a few of the fraud analytics services it provides. An crucial part of each electronic transaction, these solutions.
Regional Analysis :
North America, Europe, Asia Pacific, the Middle East & Africa, and South America are the five main geographical regions of the Global Payment Security Market market.
Global Payment Security Market Key players :
• VASCO Data Security International Inc.
• UL Transaction Security
• Symantec Corporation
• VeriFone Systems Inc.
• MagTek Inc.
• Dell EMC (Dell Inc.)
• Vantiv (Worldpay Inc.)
• NCR Corporation
• Scan source Inc.
• Fidelity National Information Services Inc.
• Ingenico Group
• FICO Enterprise
• Chase Paymentech Solutions
• Braintree (Illinois, US)
• CyberSource Corporation (California, US)
• Elavon (Georgia, US)
• Index (Nevada, US)
• Ingenico ePayments (Hoofddorp, Netherlands)
• Intelligent Payments (Gibraltar)
• GEOBRIDGE Corporation
• Shift4 Corporation
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