Payment Security Market by Solution (Encryption, Tokenization, and Fraud Detection and Prevention), Service (Integration, Support, and Consulting), Organization Size (Large Enterprises and SMEs), Industry Vertical & Region - Global Forecast to 2022 - Product Image

Payment Security Market by Solution (Encryption, Tokenization, and Fraud Detection and Prevention), Service (Integration, Support, and Consulting), Organization Size (Large Enterprises and SMEs), Industry Vertical & Region - Global Forecast to 2022

  • ID: 4339970
  • Report
  • Region: Global
  • 116 Pages
  • Markets and Markets
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The Payment Security Market Size is Expected to Grow from USD 11.39 Billion in 2017 to USD 24.63 Billion By 2022, at a CAGR of 16.7%.

FEATURED COMPANIES

  • Bluefin Payment Systems
  • Cybersource
  • Geobridge Corporation
  • Ingenico Epayments
  • Shift4 Corporation
  • Sisa Information Security
  • MORE

“Increased adoption of digital payment modes is expected to drive the growth of the payment security market.”

The growth of the payment security market is driven by various factors, such as increased adoption of digital payment modes, need to adhere to PCI guidelines, and rise in fraudulent activities on eCommerce. However, lack of trust in online banking may restrict the growth of the payment security market.

“Encryption solution segment is expected to grow at a higher CAGR during the forecast period.”

Encryption transforms consumer’s financial information into non-readable form called cipher text using mathematical algorithms. The encrypted data is not readable by anyone, which secures cardholder’s details. Thus, encryption solution helps to reduce the vulnerability of the data, which ultimately reduces a merchant’s business risks. The solution also fulfills the regulatory requirements of PCI DSS compliance. Therefore, it is expected to witness high growth rates in the near future.

“The retail vertical is expected to dominate the payment security market.”

The popularity of online shopping is increasing in the retail industry. Retail merchants regularly face a challenge in managing consumer's sensitive data related to payment cards and complying with the regulations. This vertical is one of the most targeted verticals by cyber-attackers because of the potential payouts and huge number of monetary transactions made via VISA, MasterCard, and other payment processing networks. This necessitates substantial investments in payment security solutions by this vertical, making it the highest contributor in the payment security market.

“Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period.”

APAC includes emerging economies such as China, Australia, Singapore, and India, which are rapidly deploying payment security solutions. It is expected to grow at the highest CAGR during the forecast period. This is mainly due to the rise in fraudulent activities on eCommerce in many industry verticals, such as retail, Information Technology (IT) and telecom, travel and hospitality, healthcare, and education. Furthermore, North America is estimated to have the largest market size in 2017.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the payment security market.

  • By Company Type: Tier 1: 55%, Tier 2: 20%, and Tier 3: 25%
  • By Designation: C-Level: 60%, Director Level: 25%, and Others: 15%
  • By Region: North America: 40%, Europe: 20%, APAC: 10%, and RoW: 30%

The report includes the study of the key players offering payment security services, such as 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).

Research Coverage

The report covers the payment security services offered across different regions. It aims at estimating the market size and growth potential of this market across different segments, such as solutions and services, organization size, verticals, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key market players along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants in the payment security market with information on the closest approximations of the revenue numbers for the overall payment security market and subsegments. This report will help stakeholders to understand the competitor landscape, gain more insights to position their businesses better, and plan suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market, and it provides them with information on the key market drivers, restraints, challenges, and opportunities.

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FEATURED COMPANIES

  • Bluefin Payment Systems
  • Cybersource
  • Geobridge Corporation
  • Ingenico Epayments
  • Shift4 Corporation
  • Sisa Information Security
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions And Limitations
2.3.1 Limitations
2.4 Microquadrant Research Methodology
2.4.1 Vendor Inclusion Criteria

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Payment Security Market
4.2 Payment Security Market, By Solution, 2017-2022
4.3 Payment Security Market, By Service, 2017-2022
4.4 Payment Security Market, By Organization Size,  2017-2022
4.5 Payment Security Market, By Industry Vertical,  2017-2022
4.6 Life Cycle Analysis, By Region

5 Market Overview
5.1 Payment Security Architecture
5.2 Use Cases
5.2.1 Introduction
5.2.2 Securing Business Transactions Across Enterprises Using Payment Security Solutions
5.2.3 Payment Secuirty to Protect Cardholder’S Data from Unauthorized Accesses
5.2.4 Adoption of Payment Security Solutions in the Retail Industry
5.2.5 Point-To-Point Encryption (P2Pe) is Helping Healthcare Industry to Keep Patient Payment Data Safe
5.2.6 Implementation of Payment Security Solutions Across Travel And Transport Industry
5.3 Payment Security By Type
5.3.1 Introduction
5.3.2 Mobile-Based Payment Security
5.3.3 Web-Based Payment Security
5.3.4 Pos-Based Payment Security
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Increased Adoption of Digital Payment Modes
5.4.1.2 Need to Adhere to Pci Dss Guidelines
5.4.1.3 Rise in Fraudulent Activities in Ecommerce
5.4.2 Restraints
5.4.2.1 Lack of Trust On Online Banking
5.4.3 Opportunities
5.4.3.1 Rise in Demand of Advanced Payment Security Solutions for Digital Ecommerce
5.4.3.2 Increasing Use of Payment Applications Across Different Industry Verticals
5.4.4 Challenges
5.4.4.1 Low Level of Awareness of Online Payments in Rural Areas
5.4.4.2 High Costs of Advanced Payment Security Solutions

6 Payment Security Market Analysis, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Encryption
6.2.2 Tokenization
6.2.3 Fraud Detection And Prevention
6.3 Services
6.3.1 Integration Services
6.3.2 Support Services
6.3.3 Consulting Services

7 Payment Security Market Analysis, By Organization Size
7.1 Introduction
7.2 Large Enterprises
7.3 Small And Medium-Sized Enterprises
 
8 Payment Security Market Analysis, By Vertical
8.1 Introduction
8.2 Retail
8.3 Travel And Hospitality
8.4 Healthcare
8.5 It And Telecom
8.6 Education
8.7 Media And Entertainment
8.8 Others

9 Geographic Analysis
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 Middle East And Africa
9.6 Latin America

10 Competitive Landscape
10.1 Microquadrant Overview
10.1.1 Visionary Leaders
10.1.2 Innovators
10.1.3 Dynamic Differentiators
10.1.4 Emerging Companies
10.2 Competitive Benchmarking
10.2.1 Strength of Product Offering of Major Players in the Payment Security Market
10.2.2 Business Strategy Excellence of Major Players in the Payment Security Market
10.3 Competitive Leadership Mapping
 
11 Company Profiles
(Business Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments)*
11.1 Bluefin Payment Systems
11.2 Braintree
11.3 Cybersource
11.4 Elavon
11.5 Index
11.6 Ingenico Epayments
11.7 Intelligent Payments
11.8 Geobridge Corporation
11.9 Shift4 Corporation
11.10 Sisa Information Security
11.11 Signifyd
11.12 Tns
11.13 Tokenex
*Details On Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Subscription Portal
12.3 Introducing Rt: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables:
Table 1 Evaluation Criteria
Table 2 Payment Security Market Size And Growth Rate, 2015-2022 (USD Million, Y-O-Y %)
Table 3 Payment Security Market Size, By Component, 2015-2022 (USD Million)
Table 4 Payment Security Market Size, By Solution, 2015-2022 (USD Million)
Table 5 Solutions: Payment Security Market Size, By Region, 2015-2022 (USD Million)
Table 6 Encryption Market Size, By Region, 2015-2022 (USD Million)
Table 7 Tokenization Market Size, By Region, 2015-2022 (USD Million)
Table 8 Fraud Detection And Prevention Market Size, By Region,  2015-2022 (USD Million)
Table 9 Payment Security Market Size, By Service, 2015-2025 (USD Million)
Table 10 Services: Payment Security Market Size, By Region, 2015-2022 (USD Million)
Table 11 Integration Services Market Size, By Region, 2015-2022 (USD Million)
Table 12 Support Services Market Size, By Region, 2015-2022 (USD Million)
Table 13 Consulting Services Market Size, By Region, 2015-2022 (USD Million)
Table 14 Payment Security Market Size, By Organization Size, 2015-2022 (USD Million)
Table 15 Large Enterprises: Payment Security Market Size, By Region,  2015-2022 (USD Million)
Table 16 Small And Medium-Sized Enterprises: Payment Security Market Size, By Region, 2015-2022 (USD Million)
Table 17 Payment Security Market Size, By Vertical, 2015-2022 (USD Million)
Table 18 Retail: Payment Security Market Size, By Region, 2015-2022 (USD Million)
Table 19 Travel And Hospitality: Payment Security Market Size, By Region,  2015-2022 (USD Million)
Table 20 Healthcare: Payment Security Market Size, By Region, 2015-2022 (USD Million)
Table 21 It And Telecom: Payment Security Market Size, By Region,  2015-2022 (USD Million)
Table 22 Education: Payment Security Market Size, By Region, 2015-2022 (USD Million)
Table 23 Media And Entertaintment: Payment Security Market Size, By Region,  2015-2022 (USD Million)
Table 24 Others: Payment Security Market Size, By Region, 2015-2022 (USD Million)
Table 25 Payment Security Market Size, By Region, 2015-2022 (USD Million)
Table 26 North America: Payment Security Market Size, By Component,  2015-2022 (USD Million)
Table 27 North America: Payment Security Market Size, By Solution,  2015-2022 (USD Million)
Table 28 North America: Payment Security Market Size, By Service,  2015-2022 (USD Million)
Table 29 North America: Payment Security Market Size, By Organization Size,  2015-2022 (USD Million)
Table 30 North America: Payment Security Market Size, By Vertical,  2015-2022 (USD Million)
Table 31 Europe: Payment Security Market Size, By Component,  2015-2022 (USD Million)
Table 32 Europe: Payment Security Market Size, By Solution, 2015-2022 (USD Million)
Table 33 Europe: Payment Security Market Size, By Service, 2015-2022 (USD Million)
Table 34 Europe: Payment Security Market Size, By Organization Size,  2015-2022 (USD Million)
Table 35 Europe: Payment Security Market Size, By Vertical, 2015-2022 (USD Million)
Table 36 Asia Pacific: Payment Security Market Size, By Component,  2015-2022 (USD Million)
Table 37 Asia Pacific: Payment Security Market Size, By Solution,  2015-2022 (USD Million)
Table 38 Asia Pacific: Payment Security Market Size, By Service,  2015-2022 (USD Million)
Table 39 Asia Pacific: Payment Security Market Size, By Organization Size,  2015-2022 (USD Million)
Table 40 Asia Pacific: Payment Security Market Size, By Vertical,  2015-2022 (USD Million)
Table 41 Middle East And Africa: Payment Security Market Size, By Component,  2015-2022 (USD Million)
Table 42 Middle East And Africa: Payment Security Market Size, By Solution,  2015-2022 (USD Million)
Table 43 Middle East And Africa: Payment Security Market Size, By Service,  2015-2022 (USD Million)
Table 44 Middle East And Africa: Payment Security Market Size, By Organization Size, 2015-2022 (USD Million)
Table 45 Middle East And Africa: Payment Security Market Size, By Vertical,  2015-2022 (USD Million)
Table 46 Latin America: Payment Security Market Size, By Component,  2015-2022 (USD Million)
Table 47 Latin America: Payment Security Market Size, By Solution,  2015-2022 (USD Million)
Table 48 Latin America: Payment Security Market Size, By Service,  2015-2022 (USD Million)
Table 49 Latin America: Payment Security Market Size, By Organization Size,  2015-2022 (USD Million)
Table 50 Latin America: Payment Security Market Size, By Vertical,  2015-2022 (USD Million)
Table 51 Payment Security Market: Ranking Analysis

List of Figures:
Figure 1 Global Payment Security Market: Market Segmentation
Figure 2 Global Payment Security Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, And Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Payment Security Market: Assumptions
Figure 8 North America is Expected to Hold the Largest Market Share in 2017
Figure 9 Need to Adhere to Pci Dss Guidelines And Reach Customers Across the Globe Are Expected to Boost the Payment Security Market
Figure 10 Encryption Solution is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 11 Support Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 Small And Medium-Sized Enterprises Segment is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 13 Education Industry Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 14 the Payment Security Market Has Immense Opportunities for Growth in Asia Pacific
Figure 15 Payment Security Architecture
Figure 16 Payment Security Market: Drivers, Restraints, Opportunities, And Challenges
Figure 17 Percentage of Americans Primarily Using Digital Banking (2014-2016)
Figure 18 Share of Retail Ecommerce Transactions Using Multiple Devices in 2016
Figure 19 Encryption Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 20 Consulting Services Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 21 Small And Medium-Sized Enterprises Segment is Expected to Grow at a Higher CAGR During the Forecast Period
Figure 22 Education Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America is Expected to Hold the Largest Market Size During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Competitive Leadership Mapping

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  • Bluefin Payment Systems
  • Braintree
  • Cybersource
  • Elavon
  • Geobridge Corporation
  • Index
  • Ingenico Epayments
  • Intelligent Payments
  • Shift4 Corporation
  • Signifyd
  • Sisa Information Security
  • TNS
  • Tokenex
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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