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The Payment Security Market was valued at USD 25.9 Billion in 2023 and is expected to reach USD 91.3 Billion by 2032, growing at a CAGR of 15.07% from 2024-2032.
The growing volume of digital transactions over the past few years is fuelling the payment security market, which has witnessed rapid growth lately. Over the past few years, online payment transactions have multiplied — e-commerce solutions, mobile payment applications, and contactless payment systems handle millions of daily transactions. Digital payment transactions are estimated to be over 900 billion globally in 2023, proving that cashless is the way to go ever since it started to be prominent. At a more strategic level, organizations around the globe have reported investing heavily, more than 70% in advanced payment security technologies like encryption and even fraud detection systems to combat the risks of Cyber-attacks and data breaches.
The increasing occurrence of cyber incidents only emphasizes the importance of a strong security posture. According to reports, financial fraud with digital payments has gone up by 25% on a year-over-year basis leading to businesses opting for securing their payment infrastructure.
Consumer behavior is changing at a rapid pace, with surveys indicating that over 80% of consumers prefer secure, non-cash, non-physical transactions compared to cash or card-based transactions. Similarly, an increasing number of people have also adopted mobile wallets, which have seen a 30% growth each year, propelled by convenience and the assumed safety of transacting in a contactless manner. More than 50% of businesses have implemented payment security protocols based on global standards like PCI DSS over the past five years.
Another major driver of growth is the rising prevalence of e-commerce and mobile payment platforms. Following the meteoric rise of e-commerce sales, which surpassed five trillion dollars worldwide in 2023, the demand for secure payment gateways has grown commensurately. Along with that, the utilization of real-time payment systems, which grew by 35% over the past year in different regions, demonstrates the increasing importance of the speed and safety of digital transactions. with the enormous surge in digital payment volumes, the rising risk of cyberattacks, and the need for consumers for a secure and continuous transaction experience, the payment security market is currently growing. All these trends emphasize the need for constant innovation and investment in payment security technologies to facilitate a growing digital economy.
Drivers
Innovations in encryption, tokenization, and AI-powered fraud detection enhance payment security.
Cutting-edge technological advancements in encryption, tokenization, and AI-powered fraud detection are revolutionizing the space by providing innovative approaches to the protection of sensitive information in payment technologies. Transmitted payment information is kept safe with the help of an encryption process, so it is hardly possible for hackers to read or use it. As e-commerce and digital wallets continue to drive activity in online and mobile transactions, this technology is fundamental to safeguarding the data exchanged. The use of tokenization improves protection by using a unique identifier (token) to substitute sensitive payment information, such as card numbers so that the payment information has no value outside of a specific transaction. Because the tokens will not work if a system is compromised, this greatly reduces the risk of a data breach. This has led to tokenization becoming a key element in secure payment processing, particularly for industries with high transaction volumes.
AI-driven fraud detection provides an extra layer of protection by analyzing patterns behind transactions in real time. By using machine learning, these systems identify outliers and alert potential fraudulent activity before any transaction takes place, reducing financial damage, and increasing confidence in digital payment platforms. As time progresses, AI systems become more efficient by learning from the previous instances of fraud that were attempted. Combined, these technologies tackle the growing threats of both cyber threats and fraud in the payment security market. They ensure that they can deliver strong protection for a compliant business and confidence for a customer, driving the global acceleration of payments.
Increasing incidents of financial fraud and data breaches are compelling organizations to adopt advanced payment security solutions.
The surge in e-commerce, mobile payments, and contactless payment methods is driving the demand for secure payment systems.
Restraints
The expense of deploying advanced payment security technologies can be prohibitive for small and medium-sized enterprises (SMEs).
Adopting new technology for secure payment, like encryption, tokenization, and machine-learning-based fraud detection, can be expensive and difficult for small and medium-sized businesses to implement. This includes everything from the cost of the initial hardware and software to the ongoing cost of updating, maintaining, and training staff to use systems. The high-cost nature of such technologies can be financially burdensome for SMEs, as the resources dedicated to this technology need to be balanced against other areas of operation. It can be complicated to embed these systems into pre-existing payment ecosystems, usually requiring an experienced team to work on.
This economic barrier comes at a time when cybercriminals are making increasing efforts to take advantage of small and medium enterprises that have less robust security in place relative to larger corporations. While thinking that strong payment security is imperative, so many small and medium businesses have no other option but to rely on outdated or inferior systems, which exposes them to data breaches and fraudulent transactions. However, such vulnerabilities not only threaten their operations but also undermine customer trust which is a pivotal element of their growth and sustainability. Addressing this issue requires the payment security market to provide scalable, affordable solutions that are specifically designed for SMEs. Furthermore, programs such as financial aid or subsidies can close the affordability gap, making it possible for businesses of all sizes to protect sensitive payment data and facilitate a more secure digital economy.
Limited understanding of payment security solutions among smaller businesses hinders adoption.
A shortage of cybersecurity professionals affects the effective implementation and management of security systems.
By Solution
In 2023, The fraud detection & prevention segment dominated the market and represented a revenue share of more than 54%. Fraud can be considered to be the biggest threat to the payment system and data security. Fraud can take many forms such as card-not-present fraud, identity fraud, account takeover, and social engineering attacks. An essential part of payment security is fraud detection and prevention solutions since payment systems are now more advanced than ever, and moving towards the online world comes with the risk of fraud.
The tokenization segment is expected to see substantial growth during the forecast period. Tokenization of payment methods improves security and usability when transacting between different devices: secure point of sale, on-the-go payments, and traditional online shopping and in-app payment systems. Payment tokenization substitutes sensitive payment card information — the card number, expiration date, and other crucial data — with a special identifier called a token. The token is used for payment processing and can be stored securely on the smartphone, wearables, or computers to make an instant payment over a channel and platform.
By Enterprise Size
This large enterprise segment dominated the market and accounted for over 69% of the revenue in 2023. Payment security is another big part of a business, it is important to make sure everything is secure enough for customer data handling and deal with payment fraud. Big businesses usually have better funds to spend on the latest security tools and systems. Moreover, very enterprises also have a greater number of transactions and customers which raises the degree of fraud and cyber threat. Therefore, they tend to focus on investing in comprehensive security solutions to safeguard their business and customers.
The SME segment is expected to register the fastest CAGR during the forecast period. owing to the increasing trend of utilizing digital payment solutions including mobile payments, e-commerce platforms, and online payment gateways to make the payment process seamless and cover a wide customer segment across all businesses.
By Platform
In 2023, the POS-based/mobile-based segment dominated the market with a significant revenue share of more than 59%. Mobile-based payment systems, usually integrated with various point of sale systems are common in retail, hospitality, healthcare, transportation, and other industries. The systems allow merchants and consumers to make their payments quickly and securely through mobile devices, tablets, and POS terminals. Security threats. POS-based/mobile-based payment systems are vulnerable to plenty of security threats such as card skimming, data breaches, malware attacks, and social engineering scams. Consequently, the technology for payment security has advanced; solutions providers like those offering encryption, tokenization, fraud detection, or multi-factor authentication now offer various methods of protection over such systems and payment transactions.
The web-based segment is expected to grow at a significant cagr over the forecast period. This growth in the segment is driven by the rising adoption of online payments and e-commerce. An online payment system allows consumers to do PHHS and other transactions to pay online with their desktop or mobile device without putting anything in the store or designated payment terminal. Such comfort has propelled online exchanges widely and web-based payment arrangements have turned into the core of the whole payment biological system.
Regional Landscape
In 2023, North America dominated the payment security market and represented a revenue share of more than 37%. With the presence of global payment security providers, like Visa Inc., U.S. Bancorp, and Mastercard, North America is a prominent market for payment security. The North American regional market growth is also being accelerated witnessing the trend towards digital payment for payment at malls/restaurants and the availability of wider opportunities for the vendors and providers in the region.
Asia Pacific is expected to be the fastest-growing market during the forecast period. The growth of this region is primarily attributed to the rising regulatory requirements and compliance standards regarding payment security. The growth of the Asia Pacific market is maintained by the rise of strict regulations and guidelines for payment security such as in China, India, and Japan.
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Prominent players in the market are Mastercard, Paypal Holdings, Inc., Visa Inc., American Express Company, Fiserv, Inc., Worldline S.A., Thales Group, NCR Corporation, Ingenico, Verifone, Inc., CyberSource Corporation, ACI Worldwide, Inc., Stripe, Inc. And others in the final report.
March 2024: PayPal unveiled a new multi-factor authentication (MFA) system to enhance the security of its digital wallet services. The system combines traditional passwords with biometric authentication and one-time passcodes to ensure secure transactions.
|
Report Attributes |
Details |
|
Market Size in 2023 |
USD 25.9 Billion |
|
Market Size by 2032 |
USD 91.3 Billion |
|
CAGR |
CAGR of 15.07 % From 2024 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2032 |
|
Historical Data |
2020-2022 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
• By Platform (Web Based, POS Based/Mobile Based) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
|
Company Profiles |
Mastercard, Paypal Holdings, Inc., American Express Company, Fiserv, Inc., Worldline S.A., Thales Group, NCR Corporation, Ingenico (a Worldline brand), Verifone, Inc., CyberSource Corporation (a Visa Solution), ACI Worldwide, Inc., Stripe, Inc. |
|
Key Drivers |
• Increasing incidents of financial fraud and data breaches are compelling organizations to adopt advanced payment security solutions. |
|
Market Opportunities |
• Limited understanding of payment security solutions among smaller businesses hinders adoption. |
Limited understanding of payment security solutions among smaller businesses hinders adoption.
Increasing incidents of financial fraud and data breaches are compelling organizations to adopt advanced payment security solutions.
Asia-Pacific is expected to register the fastest CAGR during the forecast period.
The CAGR of the Payment Security Market during the forecast period is 15.07% from 2024-2032.
The Payment Security Market was valued at USD 25.9 Billion in 2023 and is expected to reach USD 91.3 Billion by 2032, growing at a CAGR of 15.07% from 2024-2032.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Feature Analysis, 2023
5.2 User Demographics, 2023
5.3 Integration Capabilities, by Software, 2023
5.4 Impact on Decision-making
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Payment Security Market Segmentation, by Solution
7.1 Chapter Overview
7.2Encryption
7.2.1 Encryption Market Trends Analysis (2020-2032)
7.2.2 Encryption Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3Tokenization
7.3.1Tokenization Market Trends Analysis (2020-2032)
7.3.2Tokenization Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4Fraud Detection & Prevention
7.4.1Fraud Detection & Prevention Market Trends Analysis (2020-2032)
7.4.2Fraud Detection & Prevention Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Payment Security Market Segmentation, by Platform
8.1 Chapter Overview
8.2Web Based
8.2.1Web Based Market Trends Analysis (2020-2032)
8.2.2Web Based Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 POS Based/Mobile Based
8.3.1 POS Based/Mobile Based Market Trends Analysis (2020-2032)
8.3.2 POS Based/Mobile Based Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Payment Security Market Segmentation, by Enterprise Size
9.1 Chapter Overview
9.2 Large Enterprises
9.2.1 Large Enterprises Market Trends Analysis (2020-2032)
9.2.2 Large Enterprises Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Small & Medium Enterprises
9.3.1 Small & Medium Enterprises Market Trends Analysis (2020-2032)
9.3.2 Small & Medium Enterprises Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Payment Security Market Segmentation, by Application
10.1 Chapter Overview
10.2 Travel & Hospitality
10.2.1 Travel & Hospitality Market Trends Analysis (2020-2032)
10.2.2 Travel & Hospitality Market Size Estimates and Forecasts to 2032 (USD Billion)
10.3 Retail & E-commerce
10.3.1 Retail & E-commerce Market Trends Analysis (2020-2032)
10.3.2 Retail & E-commerce Market Size Estimates and Forecasts to 2032 (USD Billion)
10.4 IT & Telecom
10.4.1 IT & Telecom Market Trends Analysis (2020-2032)
10.4.2 IT & Telecom Market Size Estimates and Forecasts to 2032 (USD Billion)
10.5 Healthcare
10.5.1 Healthcare Market Trends Analysis (2020-2032)
10.5.2 Healthcare Market Size Estimates and Forecasts to 2032 (USD Billion)
10.6 Education
10.6.1 Education Market Trends Analysis (2020-2032)
10.6.2 Education Market Size Estimates and Forecasts to 2032 (USD Billion)
10.7 Media & Entertainment
10.7.1 Media & Entertainment Market Trends Analysis (2020-2032)
10.7.2 Media & Entertainment Market Size Estimates and Forecasts to 2032 (USD Billion)
10.8 Others
10.8.1 Others Market Trends Analysis (2020-2032)
10.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
11. Regional Analysis
11.1 Chapter Overview
11.2 North America
11.2.1 Trends Analysis
11.2.2 North America Payment Security Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.2.3 North America Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.2.4 North America Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.2.5 North America Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.2.6 North America Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.2.7 USA
11.2.7.1 USA Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.2.7.2 USA Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.2.7.3 USA Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.2.7.4 USA Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.2.8 Canada
11.2.8.1 Canada Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.2.8.2 Canada Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.2.8.3 Canada Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.2.8.4 Canada Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.2.9 Mexico
11.2.9.1 Mexico Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.2.9.2 Mexico Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.2.9.3 Mexico Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.2.9.4 Mexico Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Trends Analysis
11.3.1.2 Eastern Europe Payment Security Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.1.3 Eastern Europe Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.1.4 Eastern Europe Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.1.5 Eastern Europe Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.1.6 Eastern Europe Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.1.7 Poland
11.3.1.7.1 Poland Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.1.7.2 Poland Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.1.7.3 Poland Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.1.7.4 Poland Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.1.8 Romania
11.3.1.8.1 Romania Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.1.8.2 Romania Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.1.8.3 Romania Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.1.8.4 Romania Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.1.9 Hungary
11.3.1.9.1 Hungary Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.1.9.2 Hungary Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.1.9.3 Hungary Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.1.9.4 Hungary Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.1.10 Turkey
11.3.1.10.1 Turkey Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.1.10.2 Turkey Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.1.10.3 Turkey Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.1.10.4 Turkey Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.1.11 Rest of Eastern Europe
11.3.1.11.1 Rest of Eastern Europe Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.1.11.2 Rest of Eastern Europe Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.1.11.3 Rest of Eastern Europe Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.1.11.4 Rest of Eastern Europe Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.2 Western Europe
11.3.2.1 Trends Analysis
11.3.2.2 Western Europe Payment Security Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.3.2.3 Western Europe Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.2.4 Western Europe Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.2.5 Western Europe Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.2.6 Western Europe Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.2.7 Germany
11.3.2.7.1 Germany Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.2.7.2 Germany Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.2.7.3 Germany Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.2.7.4 Germany Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.2.8 France
11.3.2.8.1 France Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.2.8.2 France Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.2.8.3 France Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.2.8.4 France Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.2.9 UK
11.3.2.9.1 UK Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.2.9.2 UK Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.2.9.3 UK Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.2.9.4 UK Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.2.10 Italy
11.3.2.10.1 Italy Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.2.10.2 Italy Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.2.10.3 Italy Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.2.10.4 Italy Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.2.11 Spain
11.3.2.11.1 Spain Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.2.11.2 Spain Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.2.11.3 Spain Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.2.11.4 Spain Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.2.12 Netherlands
11.3.2.12.1 Netherlands Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.2.12.2 Netherlands Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.2.12.3 Netherlands Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.2.12.4 Netherlands Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.2.13 Switzerland
11.3.2.13.1 Switzerland Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.2.13.2 Switzerland Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.2.13.3 Switzerland Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.2.13.4 Switzerland Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.2.14 Austria
11.3.2.14.1 Austria Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.2.14.2 Austria Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.2.14.3 Austria Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.2.14.4 Austria Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.3.2.15 Rest of Western Europe
11.3.2.15.1 Rest of Western Europe Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.3.2.15.2 Rest of Western Europe Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.3.2.15.3 Rest of Western Europe Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.3.2.15.4 Rest of Western Europe Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.4 Asia Pacific
11.4.1 Trends Analysis
11.4.2 Asia Pacific Payment Security Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.4.3 Asia Pacific Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.4.4 Asia Pacific Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.4.5 Asia Pacific Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.4.6 Asia Pacific Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.4.7 China
11.4.7.1 China Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.4.7.2 China Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.4.7.3 China Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.4.7.4 China Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.4.8 India
11.4.8.1 India Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.4.8.2 India Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.4.8.3 India Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.4.8.4 India Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.4.9 Japan
11.4.9.1 Japan Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.4.9.2 Japan Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.4.9.3 Japan Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.4.9.4 Japan Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.4.10 South Korea
11.4.10.1 South Korea Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.4.10.2 South Korea Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.4.10.3 South Korea Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.4.10.4 South Korea Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.4.11 Vietnam
11.4.11.1 Vietnam Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.4.11.2 Vietnam Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.4.11.3 Vietnam Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.4.11.4 Vietnam Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.4.12 Singapore
11.4.12.1 Singapore Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.4.12.2 Singapore Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.4.12.3 Singapore Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.4.12.4 Singapore Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.4.13 Australia
11.4.13.1 Australia Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.4.13.2 Australia Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.4.13.3 Australia Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.4.13.4 Australia Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.4.14 Rest of Asia Pacific
11.4.14.1 Rest of Asia Pacific Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.4.14.2 Rest of Asia Pacific Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.4.14.3 Rest of Asia Pacific Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.4.14.4 Rest of Asia Pacific Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.5 Middle East and Africa
11.5.1 Middle East
11.5.1.1 Trends Analysis
11.5.1.2 Middle East Payment Security Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.1.3 Middle East Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.5.1.4 Middle East Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.5.1.5 Middle East Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.5.1.6 Middle East Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.5.1.7 UAE
11.5.1.7.1 UAE Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.5.1.7.2 UAE Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.5.1.7.3 UAE Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.5.1.7.4 UAE Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.5.1.8 Egypt
11.5.1.8.1 Egypt Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.5.1.8.2 Egypt Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.5.1.8.3 Egypt Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.5.1.8.4 Egypt Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.5.1.9 Saudi Arabia
11.5.1.9.1 Saudi Arabia Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.5.1.9.2 Saudi Arabia Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.5.1.9.3 Saudi Arabia Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.5.1.9.4 Saudi Arabia Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.5.1.10 Qatar
11.5.1.10.1 Qatar Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.5.1.10.2 Qatar Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.5.1.10.3 Qatar Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.5.1.10.4 Qatar Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.5.1.11 Rest of Middle East
11.5.1.11.1 Rest of Middle East Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.5.1.11.2 Rest of Middle East Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.5.1.11.3 Rest of Middle East Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.5.1.11.4 Rest of Middle East Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.5.2 Africa
11.5.2.1 Trends Analysis
11.5.2.2 Africa Payment Security Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.5.2.3 Africa Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.5.2.4 Africa Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.5.2.5 Africa Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.5.2.6 Africa Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.5.2.7 South Africa
11.5.2.7.1 South Africa Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.5.2.7.2 South Africa Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.5.2.7.3 South Africa Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.5.2.7.4 South Africa Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.5.2.8 Nigeria
11.5.2.8.1 Nigeria Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.5.2.8.2 Nigeria Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.5.2.8.3 Nigeria Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.5.2.8.4 Nigeria Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.5.2.9 Rest of Africa
11.5.2.9.1 Rest of Africa Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.5.2.9.2 Rest of Africa Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.5.2.9.3 Rest of Africa Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.5.2.9.4 Rest of Africa Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.6 Latin America
11.6.1 Trends Analysis
11.6.2 Latin America Payment Security Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
11.6.3 Latin America Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.6.4 Latin America Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.6.5 Latin America Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.6.6 Latin America Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.6.7 Brazil
11.6.7.1 Brazil Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.6.7.2 Brazil Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.6.7.3 Brazil Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.6.7.4 Brazil Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.6.8 Argentina
11.6.8.1 Argentina Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.6.8.2 Argentina Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.6.8.3 Argentina Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.6.8.4 Argentina Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.6.9 Colombia
11.6.9.1 Colombia Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.6.9.2 Colombia Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.6.9.3 Colombia Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.6.9.4 Colombia Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Payment Security Market Estimates and Forecasts, by Solution (2020-2032) (USD Billion)
11.6.10.2 Rest of Latin America Payment Security Market Estimates and Forecasts, by Platform (2020-2032) (USD Billion)
11.6.10.3 Rest of Latin America Payment Security Market Estimates and Forecasts, by Enterprise Size (2020-2032) (USD Billion)
11.6.10.4 Rest of Latin America Payment Security Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
12. Company Profiles
12.1 Visa Inc.
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.2 Mastercard Incorporated
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 SWOT Analysis
12.3 PayPal Holdings, Inc.
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 SWOT Analysis
12.4 American Express Company
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 SWOT Analysis
12.5 Fiserv, Inc.
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 SWOT Analysis
12.6 Worldline S.A.
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 SWOT Analysis
12.7 Thales Group
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 SWOT Analysis
12.8NCR Corporation
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 SWOT Analysis
12.9 Verifone, Inc
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 SWOT Analysis
12.10 ACI Worldwide, Inc.
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 SWOT Analysis
13. Use Cases and Best Practices
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Solutions
Encryption
Tokenization
Fraud Detection & Prevention
By Platform
Web Based
POS Based/Mobile Based
By Organization Size
Large Enterprise
SMEs
By Application
Retail & E-commerce
Travel & Hospitality
Healthcare
Telecom & IT
Education
Media & Entertainment
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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