Edison, NJ -- (SBWIRE) -- 03/14/2019 -- HTF Market Intelligence released a new research report of 100 pages on title 'Global Payment Security Market (2018-2023)' with detailed analysis, forecast and strategies. The study covers key regions that includes United States, China, Japan, Europe, Asia-Pacific, India and important players such as Bluefin, SISA, Paygilant, Ingenico ePayments, ThreatMark, CyberSource, Braintree, Elavon, Intelligent Payments, Shift4 Payments, etc.
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Summary
The rising penetration of smartphones, acceptance of wearable technology, cumulative adoption of m-commerce and e-commerce by banking and financial services, entry of technology companies, and access to diverse payment technology solutions are predicted to drive the industry, regardless of technological, financial and security challenges restraining the ecosystem in several key regions.
In this report, the global payment security market is classified into three segments, based on the subscription model:
Type - mobile payments, point of sales (POS) payments, and web payments
Solution - antivirus and firewall, encryption, tokenization, and fraud detection and prevention
End user - retail, travel and hospitality, healthcare, information technology (IT) and telecom, education, banking, financial services and insurance (BFSI), and others
Type segment insights:
The POS payment segment is expected to expand at a CAGR of 18.6% during the 2018–2023 period. This segment is likely to be in the leading position in the market throughout the forecast period. Increasing consumer awareness, and the conveniences of online shopping can be attributed to the growth of POS-based platforms. Payment security providers use artificial intelligence (AI)-based tools for purposes such as fraud detection and customer interaction.
Solution segment insights:
The fraud detection and prevention segment holds the largest market share, and is expected to expand at a CAGR of 14.4% during the 2018–2023 period. The public utilities and government vertical is predicted to hold the largest market share in the fraud detection market. Frauds in the public sector include misappropriation of assets, data theft, bribery and corruption, accounting fraud, and money laundering. To tackle these issues, data integrity is of utmost importance.
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End user segment insights:
The retail and BFSI segments are anticipated to expand at a CAGR of 18.5% and 20.6% respectively during the 2018–2023 period. Security plays a vital role in online trade. Data breaches make customers wary and influence them into discontinuing with the affected e-commerce websites. They prefer bank transfers and credit cards for travel payments. North America is the leading market for the payment security software segment. Due to increasing investments in online payment technologies, it is anticipated that this market will retain its position during the forecasted period.
Regional insights:
The global payment security market is segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America holds the largest market share of the payment security market. However, Asia-Pacific will be the fastest growing market due to increasing use of mobile payments. With consumers increasingly embracing digital wallets, banks and businesses have transformed their payment infrastructures to support this surge.
Companies covered: Bluefin, SISA, Paygilant, Ingenico ePayments, ThreatMark, CyberSource, Braintree, Elavon, Intelligent Payments, Shift4 Payments, etc.
View Detailed Table of Content @ https://www.htfmarketreport.com/reports/1440357-global-payment-security-market-1
Chapter 1. Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered
1.3. Executive summary
Chapter 2: Global payment security market – overview
2.1. Global market overview - historical (2015–2017) and forecasted (2018–2023) market
2.2. Global market drivers
2.3. Global market challenges
2.4. Global market trends
2.5. Value chain analysis
2.6. Porter's five forces analysis
2.7. Market segmentation based on type- mobile payment, point of sales (POS) payment, and web payment – historical (2015–2017) and forecasted (2018–2023) market
2.8. Market segmentation based on solution- antivirus and firewall, encryption, tokenization, and fraud detection and prevention – historical (2015–2017) and forecasted (2018–2023) market size
2.9. Market segmentation based on end user- retail, travel and hospitality, healthcare, IT and telecom, education, banking, financial services and insurance (BFSI), and others – historical (2015–2017) and forecasted (2018–2023) market
Chapter 3: North America payment security market
3.1. Regional market overview – historical (2015–2017) and forecasted (2018–2023) market
3.2. Market segmentation based on type- mobile payment, point of sales (POS) payment, and web payment – historical (2015–2017) and forecasted (2018–2023) market size and key market observations
3.3. Market segmentation based on solution- antivirus and firewall, encryption, toke
....Continued
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Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.