Payment Security Market growth graph to witness upward trajectory during 2029

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.



5 months ago | 2 min read

Global 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 Scope:

The report provided by MMR is a detailed study of the Payment Security market, this study has also recognized all the major players in the global market based on the factors like volume, share, strategies, growth, etc. The report also suggests strategies for current market players as well as those who want to enter the market. The synopsis is expected to help and strengthen their position in the market

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Market overview:

The report has analyzed the market using various marketing methods like Porter's five forces, market share analysis, SWOT analysis, etc. In Porter's five forces, the factors and dynamics of the global market are recognized

This analysis is evaluated on various factors such as patents, government rules, and regulations, the impact of advertisements, the impact of COVID-19. All this data is expected to help in the decision-making process.

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.

Payment Security Market Key players: 

• 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 Corpora

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Regional Analysis:

  • North America (Canada, the United States, and Mexico.).
  • Europe (France, Russia, Italy, Germany, UK, Turkey, etc.).
  • Africa and the Middle East (Egypt and GCC Countries.).
  • Asia-Pacific (Vietnam, Philippines, Malaysia, Korea, China, Thailand, Australia, Indonesia, and India, Japan).
  • South America (Brazil etc.).

COVID-19 Impact:

COVID-19 has impacted many businesses and industries. The long-term effects of this are also present in the report, problems caused by COVID-19 are also mentioned in this report and the probable solution to those is mentioned too. Considering the COVID-19 norms there are changes in the rules and regulations of the market. The solutions given in the report are expected to help those affected by the Covid-19 crisis.

Highlights Of the Payment Security Market Study:

  • It gives a detailed view of the market.
  • The report mentions development strategies that will help the users.
  • Recent market trends are also listed in the report.
  • COVID-19 issues and the solution to those.
  • The report is based on historical and current market analysis.
  • It also mentions the factors affecting the growth of the market.

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