{"product_id":"global-payment-security-market-size-study-forecast-by-component-solution-encryption-tokenization-fraud-detection-prevention-service-by-platform-web-based-pos-based-by-enterprise-size-large-enterprises-small-and-medium-enterprises-by-in","title":"Global Payment Security Market Size study \u0026 Forecast, by Component (Solution, Encryption, Tokenization, Fraud Detection \u0026 Prevention, Service), by Platform (Web-based, POS-based), by Enterprise Size (Large Enterprises, Small and Medium Enterprises), by In","description":"\u003cp\u003eGlobal Payment Security Market Size study \u0026amp; Forecast, by Component (Solution, Encryption, Tokenization, Fraud Detection \u0026amp; Prevention, Service), by Platform (Web-based, POS-based), by Enterprise Size (Large Enterprises, Small and Medium Enterprises), by Industry Verticals (BFSI, Retail, Healthcare, IT \u0026amp; Telecom, Travel \u0026amp; Hospitality, Others), and Regional Analysis, 2022-2029\u003c\/p\u003e\n\n\u003cp\u003eGlobal Payment Security Market is valued at approximately USD 19.82 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 16.0% over the forecast period 2022-2029. Payment security is a method of protecting a customer, vendor, or client's transactions. It offers rules, norms, and security protocols to safeguard a customer or partner's privacy, transactions, and data. The rising incidences of data breaches, increasing number of fraudulent activities in e-commerce payment systems, and growing awareness of contactless payments are the key factors that are propelling the market demand across the globe.\u003c\/p\u003e\n\n\u003cp\u003eThe rising inclination towards digital payments is acting as a catalyzing factor for the growth of the market. According to Statista, in 2022, the overall transaction value in the digital payments segment is estimated to account for USD 8.49 trillion. Also, it is projected that the total amount is likely to reach USD 15.17 trillion by 2027 with a CAGR of 12.31% during 2022-2027. Accordingly, the increasing preference for digital payments is exhibiting a positive influence on the market demand in the global market. Furthermore, increasing usage of payment applications across various industry verticals, as well as growing technological developments is presenting various growth prospects to the market in the forecasted years. However, the rising privacy and security concerns, along with the lack of skilled professionals stifle market growth throughout the forecast period of 2022-2029.\u003c\/p\u003e\n\n\u003cp\u003eThe key regions considered for the Global Payment Security Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the rising number of payment frauds, along with the high penetration of digital payments. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising inclination towards online digital payment among consumers, as well as the surging demand for payment security in the regional market.\u003c\/p\u003e\n\n\u003cp\u003eMajor market players included in this report are:\u003cbr\u003e\nBluefin Payment Systems\u003cbr\u003e\nCybersource\u003cbr\u003e\nElavon Inc.\u003cbr\u003e\nIngenico\u003cbr\u003e\nIntelligent Payment Solutions Pvt Ltd.\u003cbr\u003e\nPaypal Holdings, Inc.\u003cbr\u003e\nShift4 Payments, LLC\u003cbr\u003e\nSISA\u003cbr\u003e\nSignifyd\u003cbr\u003e\nTokenex\u003c\/p\u003e\n\n\u003cp\u003eRecent Developments in the Market:\u003cbr\u003e\n? In July 2022, Bluefin unveils the company’s partnership agreement with Waystar- a healthcare payment software provider to offer advanced payment security for healthcare payments. Also, the aim of this partnership is to present Bluefin's PCI-validated point-to-point encryption solution and payment gateway via Waystar's software.\u003cbr\u003e\n? In September 2021, Thales announced that the company part launched a new PayPal app, which is a personalized, all-in-one app specially designed to offer customers a better place to manage their financial lives. Customers of PayPal can manage bill payments, receive payments up to two days in advance with the new direct deposit tool from its manage gift cards, banking partners, and accrue points all through the app.\u003c\/p\u003e\n\n\u003cp\u003eGlobal Payment Security Market Report Scope:\u003cbr\u003e\nHistorical Data 2019-2020-2021\u003cbr\u003e\nBase Year for Estimation 2021\u003cbr\u003e\nForecast period 2022-2029\u003cbr\u003e\nReport Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends\u003cbr\u003e\nSegments Covered Component, Platform, Enterprise size, Industry Verticals, Region\u003cbr\u003e\nRegional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World\u003cbr\u003e\nCustomization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional \u0026amp; segment scope*\u003c\/p\u003e\n\n\n\u003cp\u003eThe objective of the study is to define market sizes of different segments \u0026amp; countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.\u003c\/p\u003e\n\n\u003cp\u003eThe report also caters detailed information about the crucial aspects such as driving factors \u0026amp; challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.\u003cbr\u003e\nThe detailed segments and sub-segment of the market are explained below:\u003c\/p\u003e\n\n\u003cp\u003eBy Component:\u003cbr\u003e\nSolution\u003cbr\u003e\nEncryption\u003cbr\u003e\nTokenization\u003cbr\u003e\nFraud Detection \u0026amp; Prevention\u003cbr\u003e\nService\u003cbr\u003e\nBy Platform:\u003cbr\u003e\nWeb-based\u003cbr\u003e\nPOS-based\u003cbr\u003e\nBy Enterprise size:\u003cbr\u003e\nLarge Enterprises\u003cbr\u003e\nSmall and Medium Enterprises\u003cbr\u003e\nBy Industry Verticals:\u003cbr\u003e\nBFSI\u003cbr\u003e\nRetail\u003cbr\u003e\nHealthcare\u003cbr\u003e\nIT \u0026amp; Telecom\u003cbr\u003e\nTravel \u0026amp; Hospitality\u003cbr\u003e\nOthers\u003cbr\u003e\nBy Region:\u003cbr\u003e\nNorth America\u003cbr\u003e\nU.S.\u003cbr\u003e\nCanada\u003cbr\u003e\nEurope\u003cbr\u003e\nUK\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nSpain\u003cbr\u003e\nItaly\u003cbr\u003e\nROE\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nJapan\u003cbr\u003e\nAustralia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nRoAPAC\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nRoLA\u003cbr\u003e\nRest of the World\u003c\/p\u003e\n\n\u003cp\u003eCompanies Mentioned\u003c\/p\u003e\n\n\u003cp\u003eBluefin Payment Systems\u003cbr\u003e\nCybersource\u003cbr\u003e\nElavon Inc.\u003cbr\u003e\nIngenico\u003cbr\u003e\nIntelligent Payment Solutions Pvt Ltd.\u003cbr\u003e\nPaypal Holdings, Inc.\u003cbr\u003e\nShift4 Payments, LLC\u003cbr\u003e\nSISA\u003cbr\u003e\nSignifyd\u003cbr\u003e\nTokenex\u003c\/p\u003e\n\n\u003cp\u003ePlease note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.\u003c\/p\u003e","brand":"Travel \u0026 Leisure","offers":[{"title":"January, 2023 \/ 200 Pages \/ MCW16194973","offer_id":47554781184306,"sku":null,"price":5940.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-payment-security-market-size-study-forecast-by-component-solution-encryption-tokenization-fraud-detection-prevention-service-by-platform-web-based-pos-based-by-enterprise-size-large-enterprises-small-and-medium-enterprises-by-in","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}