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Research focused on the payment security market worth USD 27.39 billion by 2023 end

IT Market Research

Payment Security Market By Industry Sector (Hospitality, Telecom and IT, Education, Healthcare) By Component(Solutions, Services).

GLOBAL PAYMENT SECURITY MARKET Make an Inquiry about this news was valued at USD 10.28 Billion in the year 2017. Global Payment Security Market is further estimated to grow at a CAGR of 15.03% from 2017 to reach USD 27.39 Billion by the year 2023.

North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market 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 market share in 2017 and it is projected to grow at a gradual pace in the coming years.

CyberSource Corporation (US), Elavon (US), Index (US), Ingenico ePayments (Netherlands), Transaction Network Services (TNS) Inc. (US), and TokenEx, LLC (US) are some of the key players in the Payment Security Market with CyberSource Corporation holding the substantial market share because of its better technological advancements and global reach.

Technological up-gradation to cater changing demand of end users. Similarly, growth strategies such as acquisition & merger were few techniques adopted by most of the top players in last 5 years.

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Drivers:

             Increasing use of digital modes of payment

Restraints:

             Lack of trust on online transactions

Opportunities:

             Increasing use of different payment methods across various industry sectors

Challenges:

             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 market share during the forecast period.

The Educational segment is also expected to grow at the highest CAGR of XX% during the year 2018-2023.

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Key Benefits for Stakeholders

Payment Security Solutions & Service Providers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Industry Sector

Hospitality

Telecom and IT 

Education

Healthcare

Retail

Media & Entertainment

By Component

Solutions

       Fraud Detection

       Encryption

       Tokenization

Services

       Consulting Services

       Support Services

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

Cybersource

Bluefin Payment Systems

Elavon

Braintree

Index

Intelligent Payments

Ingenico Epayments

Transaction Network Services Inc.

Signifyd

Sisa Information Security

Geobridge Corporation

Shift4 Corporation

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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