Market Research Logo

Global Mobile Payment Security Software Market 2016-2020

About the Mobile Payment Security Software

Due to the growing instances of theft of confidential financial data, a number of customers are adopting mobile payment security software for mobile devices. This will prevent fraudsters from gaining access to credit and debit card details as the entire payment transaction requires authorization between the merchant's acquirer and issuing bank. The rising adoption of m-commerce and mobile banking is likely to increase the adoption of mobile payment security software. There is also a growing need to secure personal financial information among users, which is fostering the growth of the market.

Technavio’s analysts forecast the global mobile payment security software market to grow at a CAGR of 23.7% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global mobile payment security software market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the installation of mobile payment security software in mobile devices that only cover smartphones and tablets. The revenue generated from after-sales services is not considered. The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Mobile Payment Security Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Apple
  • CA Technologies
  • Gemalto
  • Google
  • VASCO
Other prominent vendors
  • Chase Paymentech Solutions
  • HP Enterprise
  • Intel
  • MagTek
  • UL
  • Vantiv
Market driver
  • Increased use of wireless networks
  • For a full, detailed list, view our report
Market challenge
  • Intense vendor competition
  • For a full, detailed list, view our report
Market trend
  • Introduction of mobile biometrics
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Mobile Payment Security Software Market 2016-2020

Technavio recognizes the following companies as the key players in the global mobile payment security software market: Apple, CA Technologies, Gemalto, Google, and VASCO.

Other Prominent Vendors in the market are: Chase Paymentech Solutions, Google, HP, Intel, Magtek, UL, and Vantiv.

Commenting on the report, an analyst from Technavio’s team said: “A key trend which is boosting market growth is the introduction of mobile biometrics. With an increase in the use of mobile devices for conducting financial and e-commerce transactions, the security of personal data has become a major concern. A number of biometric technologies such as fingerprint recognition, voice recognition, iris recognition, signature recognition, keystroke recognition, and facial recognition are being integrated into mobile devices, which will ensure authorized access to personal data transmitted through wireless networks. It will ensure the security of data and prevent fraudulent activities.”

According to the report, a key growth driver is the increased use of wireless networks. With an increase in the adoption of mobile devices among individual consumers, the use of wireless networks such as 2G and 3G has increased. With high adoption of LTE for conducting payment transactions on mobile devices such as smartphones and tablets, the instances of cyber-attacks have increased. This is likely to increase the number of identity thefts resulting in unauthorized access to secure financial information. This has increased the need for mobile payment security software, which will support the market growth.

Further, the report states that a major factor that could hamper market growth is the intense market competition among players. The dynamic technological landscape of the market is leading to the entry of new vendors through partnerships and acquisitions, which is intensifying the overall competitive landscape. This is compelling existing vendors to develop advanced software to remain competitive in the market. Some vendors such as Gemalto are also introducing customized software to cater to specific customer requirements. As many vendors provide mobile payment security software, the chances of price wars have increased. This will affect vendors' profit margins and the overall market revenue.



Companies Mentioned

Apple, CA Technologies, Gemalto, Google, VASCO, Chase Paymentech Solutions, Google, HP, Intel, Magtek, UL, Vantiv.

  • Executive summary
    • Highlights
  • Scope of the report
    • Geographical information
      • Table Countries considered in this report
    • Summation errors
    • Currency exchange rates
      • Table Currency exchange rates
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Assumptions
  • Introduction
    • Key market highlights
  • Market description
    • Working flow of mobile payment security
      • Table Working flow of mobile payment security
    • Advantages and disadvantages of mobile payment security software Advantages
  • Market developments
    • Emergence of SSO option
    • Adoption of digital wallets
    • Host card emulation
    • Tokenization
  • Market landscape
    • Market overview
      • Table Market overview
      • Table Market assumptions
    • Global mobile payment market
      • Table Global mobile payment market 2015-2020 ($ billions)
    • Value chain of mobile payment
      • Table Value chain of mobile payment
    • Global mobile payment security software market
      • Table Global mobile payment security software market 2015-2020 ($ billions)
  • Product life cycle analysis
    • Table Product life cycle analysis
  • Geographical segmentation
    • Global mobile payment security software market by geography
      • Table Global mobile payment security software market by geography 2015-2020 (% share)
    • Global mobile payment security software market by geography (revenue)
      • Table Global mobile payment security software market by geography 2015-2020 ($ millions)
  • Buying criteria
    • Table Buying criteria
  • Market drivers
    • Table Drivers of mobile payment security software market
    • Increased use of wireless networks
    • Advanced and sophisticated threats
    • Increase in compliance requirements
    • Rise in number of online transactions
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Challenges of mobile payment security software market
    • Intense vendor competition
    • Lack of strong telecom infrastructure in developing countries
    • Lack of awareness about mobile payment security software among customers
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Trends of mobile payment security software market
    • Introduction of mobile biometrics
    • Development of multi-factor authentication
    • Increased adoption of multimodal biometrics
    • Emergence of NFC-based payments
  • Impact of trends
    • Table Impact of trends
  • Five forces model
    • Table Five forces model
  • Vendor landscape
    • Competitive scenario
    • Product offerings
      • Table Product offerings
  • Description of vendors
  • Vendor matrix
    • Table Vendor matrix
    • Competitive rating
      • Table Competitive rating
  • Other prominent vendors
    • Table Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report