Market Overview:
The global payment security market reached a value of US$ 20.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 47.7 Billion by 2027, exhibiting a CAGR of 14.40% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Payment security refers to a system of security solutions and services that is designed to prevent monetary frauds, unauthorized transactions and mitigate the risk of data breaches. It also secures all forms of online financial transactions using data encryption, firewalls and data loss prevention (DLP) protocols. It consists of identity and access management, anti-malware, endpoint security, risk and compliance management and intrusion detection. This, in turn, assists in creating a trustworthy platform, minimizing loss of financial data through regular monitoring of malicious activities and provides protection against continuous threats of cyber security breaches. As a result, payment security solutions are widely used across the information technology (IT), healthcare, banking, financial services, and insurance (BFSI) industries.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Payment Security Market Trends:
Significant growth in the banking, financial services, and insurance (BFSI) industry across the globe is creating a positive outlook for the market. Payment security assists banks in streamlining and automating finance management processes, increasing operational efficacy, and ensuring accurate records across recurring processes, such as invoicing and reconciliation. Additionally, the increasing adoption of digital payment modes and utilization of wireless networks in computing devices for facilitating payments is favoring the market growth. Furthermore, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT), machine learning (ML) and artificial intelligence (AI) solutions, are providing an impetus to the market growth. These technologies aid in monitoring transactions, tracking the location of the financial crime, improving accuracy, securing data, mitigating risks, detecting frauds and managing regulatory compliance. In line with this, increasing incidences of payment frauds, cyber-attacks, cyber-crimes, and rising concerns regarding confidential and sensitive data are positively impacting the market growth. Other factors, including rapid digitization, along with the widespread product adoption to fulfil the regulatory requirements of the payment card industry and data security standard (PCI DSS) compliances across the globe, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global payment security market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, platform, enterprise size and end user.
Breakup by Component:
- Solution
- Encryption
- Tokenization
- Fraud Detection and Prevention
- Service
Breakup by Platform:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Breakup by Enterprise Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by End User:
- BFSI
- Government and Utilities
- IT and Telecom
- Healthcare
- Retail and E-Commerce
- Media and Entertainment
- Travel and Hospitality
- Others
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bluefin Payment Systems LLC, Broadcom Inc., Cybersource (Visa Inc.), Elavon Inc. (U.S. Bancorp), Ingenico (Worldline), PayPal Holdings Inc., SecurionPay, Shift4 Payments, Signifyd, SISA Information Security, TokenEx and VeriFone Inc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Component, Platform, Enterprise Size, End User, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Bluefin Payment Systems LLC, Broadcom Inc., Cybersource (Visa Inc.), Elavon Inc. (U.S. Bancorp), Ingenico (Worldline), PayPal Holdings Inc., SecurionPay, Shift4 Payments, Signifyd, SISA Information Security, TokenEx and VeriFone Inc. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Payment Security Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solution
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Encryption
6.1.2.2 Tokenization
6.1.2.3 Fraud Detection and Prevention
6.1.3 Market Forecast
6.2 Service
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Platform
7.1 Web-based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 POS-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Enterprise Size
8.1 Small and Medium-sized Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Large Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Government and Utilities
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 IT and Telecom
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Healthcare
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Retail and E-Commerce
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Media and Entertainment
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Travel and Hospitality
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market Trends
9.8.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Bluefin Payment Systems LLC
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Broadcom Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Cybersource (Visa Inc.)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 SWOT Analysis
15.3.4 Elavon Inc. (U.S. Bancorp)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Ingenico (Worldline)
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 SWOT Analysis
15.3.6 PayPal Holdings Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 SecurionPay
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Shift4 Payments
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Signifyd
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 SISA Information Security
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 TokenEx
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 VeriFone Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 SWOT Analysis
List of Figures
Figure 1: Global: Payment Security Market: Major Drivers and Challenges
Figure 2: Global: Payment Security Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Payment Security Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Payment Security Market: Breakup by Component (in %), 2021
Figure 5: Global: Payment Security Market: Breakup by Platform (in %), 2021
Figure 6: Global: Payment Security Market: Breakup by Enterprise Size (in %), 2021
Figure 7: Global: Payment Security Market: Breakup by End User (in %), 2021
Figure 8: Global: Payment Security Market: Breakup by Region (in %), 2021
Figure 9: Global: Payment Security (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Payment Security (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Payment Security (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Payment Security (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Payment Security (Web-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Payment Security (Web-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Payment Security (POS-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Payment Security (POS-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Payment Security (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Payment Security (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Payment Security (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Payment Security (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Payment Security (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Payment Security (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Payment Security (Government and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Payment Security (Government and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Payment Security (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Payment Security (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Payment Security (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Payment Security (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Payment Security (Retail and E-Commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Payment Security (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Payment Security (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Payment Security (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Payment Security (Travel and Hospitality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Payment Security (Travel and Hospitality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Payment Security (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Payment Security (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia-Pacific: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia-Pacific: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Payment Security Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Payment Security Market: Breakup by Country (in %), 2021
Figure 85: Middle East and Africa: Payment Security Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Global: Payment Security Industry: SWOT Analysis
Figure 87: Global: Payment Security Industry: Value Chain Analysis
Figure 88: Global: Payment Security Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Payment Security Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Payment Security Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Payment Security Market Forecast: Breakup by Platform (in Million US$), 2022-2027
Table 4: Global: Payment Security Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 5: Global: Payment Security Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Payment Security Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Payment Security Market: Competitive Structure
Table 8: Global: Payment Security Market: Key Players