Global Payment Security Industry was valued at USD 10.29 Billion in the year 2017. Global Payment Security Industry is further estimated to grow at a CAGR of 15.02% from 2017 to reach USD 31.82 Billion by the year 2025.
North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level, developed markets like the U.S.
as well the emerging markets like China with highest population base holds the notable Industry share in 2017 and it is projected to grow at a gradual pace in the coming years.
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SWOT Analysis of Payment Security Industry:
Strength:
Increasing use of digital modes of payment
Weakness:
Lack of trust on online transactions
Opportunities:
Increasing use of different payment methods across various industry sectors
Threats:
Lack of awareness among potential customers
Between Hospitality, Telecom and IT, Education, Healthcare, Retail, Media & Entertainment; Retail segment because of the growing popularity and availability is expected to hold the highest Industry share during the forecast period.
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Major market players in Payment Security Industry are Cybersource, Bluefin Payment Systems,
Elavon, Braintree, Index, Intelligent Payments, Ingenico Epayments, Transaction Network Services Inc., Signifyd, Sisa Information Security, Geobridge Corporation, Shift4 Corporation and 10 more companies’ information is provided in research report.
By Industry Sector
- • Hospitality
- • Telecom and IT
- • Education
- • Healthcare
- • Retail
- • Media & Entertainment
By Component
- • Solutions
o Fraud Detection
o Encryption
o Tokenization
- • Services
o Consulting Services
o Support Services
By Region
North America
- • USA
- • Canada
Europe
- • Germany
- • U.K.
- • France
- • Italy
- • Rest of Europe
APAC
- • China
- • India
- • Japan
- • Rest of Asia-Pacific
RoW
- • Latin America
- • Middle East & Africa
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