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Report explores the payment security market forecast to 2022

IT Market Research

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.

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Payment Security Market by type 2017-2022 by new Service spreads across 113 pages profiling 14 companies and supported with 51 tables and 26 figures available at 

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

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 Compound Annual Growth Rate (CAGR) of 16.7%.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.

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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.

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 

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Fundamentals of Table of Content: 

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

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 Corporation
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 Inc.
11.12 TNS Inc.
11.13 Tokenex, LLC 

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*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.

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