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Payment Security Market by Solution (Encryption, Tokenization, and Fraud Detection and Prevention), Service (Integration, Support, and Consulting), Organization Size (Large Enterprises and SMEs), Industry Vertical, and Region - Global Forecast to 2022

Payment Security Market by Solution (Encryption, Tokenization, and Fraud Detection and Prevention), Service (Integration, Support, and Consulting), Organization Size (Large Enterprises and SMEs), Industry Vertical, and Region - Global Forecast to 2022

“Increased adoption of digital payment modes is expected to drive the growth of the payment security market.”
The payment security market size is expected to grow from USD 11.39 billion in 2017 to USD 24.63 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.7%. The growth of the payment security market is driven by various factors, such as increased adoption of digital payment modes, need to adhere to PCI guidelines, and rise in fraudulent activities on eCommerce. However, lack of trust in online banking may restrict the growth of the payment security market.

“Encryption solution segment is expected to grow at a higher CAGR during the forecast period.”
Encryption transforms consumer’s financial information into non-readable form called cipher text using mathematical algorithms. The encrypted data is not readable by anyone, which secures cardholder’s details. Thus, encryption solution helps to reduce the vulnerability of the data, which ultimately reduces a merchant’s business risks. The solution also fulfills the regulatory requirements of PCI DSS compliance. Therefore, it is expected to witness high growth rates in the near future.

“The retail vertical is expected to dominate the payment security market.”
The popularity of online shopping is increasing in the retail industry. Retail merchants regularly face a challenge in managing consumer's sensitive data related to payment cards and complying with the regulations. This vertical is one of the most targeted verticals by cyber-attackers because of the potential payouts and huge number of monetary transactions made via VISA, MasterCard, and other payment processing networks. This necessitates substantial investments in payment security solutions by this vertical, making it the highest contributor in the payment security market.

“Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period.”
APAC includes emerging economies such as China, Australia, Singapore, and India, which are rapidly deploying payment security solutions. It is expected to grow at the highest CAGR during the forecast period. This is mainly due to the rise in fraudulent activities on eCommerce in many industry verticals, such as retail, Information Technology (IT) and telecom, travel and hospitality, healthcare, and education. Furthermore, North America is estimated to have the largest market size in 2017.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the payment security market.
By Company Type: Tier 1: 55%, Tier 2: 20%, and Tier 3: 25%
By Designation: C-Level: 60%, Director Level: 25%, and Others: 15%
By Region: North America: 40%, Europe: 20%, APAC: 10%, and RoW: 30%

The report includes the study of the key players offering payment security services, such as Braintree (Illinois, US), CyberSource Corporation (California, US), Elavon (Georgia, US), Index (Nevada, US), Ingenico ePayments (Hoofddorp, Netherlands), Intelligent Payments (Gibraltar), GEOBRIDGE Corporation (Virginia, US), Shift4 Corporation (Nevada, US), Transaction Network Services (TNS) Inc. (Virginia, US), and TokenEx, LLC (Oklahoma, US).

Research Coverage
The report covers the payment security services offered across different regions. It aims at estimating the market size and growth potential of this market across different segments, such as solutions and services, organization size, verticals, and regions. Furthermore, the report also includes an in-depth competitive analysis of the key market players along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants in the payment security market with information on the closest approximations of the revenue numbers for the overall payment security market and subsegments. This report will help stakeholders to understand the competitor landscape, gain more insights to position their businesses better, and plan suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market, and it provides them with information on the key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
    • RESEARCH ASSUMPTIONS AND LIMITATIONS
      • LIMITATIONS
    • MICROQUADRANT RESEARCH METHODOLOGY
      • Table EVALUATION CRITERIA
      • VENDOR INCLUSION CRITERIA
  • EXECUTIVE SUMMARY
    • Table PAYMENT SECURITY MARKET SIZE AND GROWTH RATE, 2015-2022 (USD MILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE PAYMENT SECURITY MARKET
    • PAYMENT SECURITY MARKET, BY SOLUTION, 2017-2022
    • PAYMENT SECURITY MARKET, BY SERVICE, 2017-2022
    • PAYMENT SECURITY MARKET, BY ORGANIZATION SIZE, 2017-2022
    • PAYMENT SECURITY MARKET, BY INDUSTRY VERTICAL, 2017-2022
    • LIFE CYCLE ANALYSIS, BY REGION
  • MARKET OVERVIEW
    • PAYMENT SECURITY ARCHITECTURE
    • USE CASES
      • INTRODUCTION
      • SECURING BUSINESS TRANSACTIONS ACROSS ENTERPRISES USING PAYMENT SECURITY SOLUTIONS
      • PAYMENT SECUIRTY TO PROTECT CARDHOLDER'S DATA FROM UNAUTHORIZED ACCESSES
      • ADOPTION OF PAYMENT SECURITY SOLUTIONS IN THE RETAIL INDUSTRY
      • POINT-TO-POINT ENCRYPTION (P2PE) IS HELPING HEALTHCARE INDUSTRY TO KEEP PATIENT PAYMENT DATA SAFE
      • IMPLEMENTATION OF PAYMENT SECURITY SOLUTIONS ACROSS TRAVEL AND TRANSPORT INDUSTRY
    • PAYMENT SECURITY BY TYPE
      • INTRODUCTION
      • MOBILE-BASED PAYMENT SECURITY
      • WEB-BASED PAYMENT SECURITY
      • POS-BASED PAYMENT SECURITY
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • PAYMENT SECURITY MARKET ANALYSIS, BY COMPONENT
    • INTRODUCTION
      • Table PAYMENT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
    • SOLUTIONS
      • Table PAYMENT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table SOLUTIONS: PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • ENCRYPTION
        • Table ENCRYPTION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • TOKENIZATION
        • Table TOKENIZATION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • FRAUD DETECTION AND PREVENTION
        • Table FRAUD DETECTION AND PREVENTION MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SERVICES
      • Table PAYMENT SECURITY MARKET SIZE, BY SERVICE, 2015-2025 (USD MILLION)
      • Table SERVICES: PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • INTEGRATION SERVICES
        • Table INTEGRATION SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • SUPPORT SERVICES
        • Table SUPPORT SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
      • CONSULTING SERVICES
        • Table CONSULTING SERVICES MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • PAYMENT SECURITY MARKET ANALYSIS, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table PAYMENT SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
    • LARGE ENTERPRISES
      • Table LARGE ENTERPRISES: PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • Table SMALL AND MEDIUM-SIZED ENTERPRISES: PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • PAYMENT SECURITY MARKET ANALYSIS, BY VERTICAL
    • INTRODUCTION
      • Table PAYMENT SECURITY MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • RETAIL
      • Table RETAIL: PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • TRAVEL AND HOSPITALITY
      • Table TRAVEL AND HOSPITALITY: PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • HEALTHCARE
      • Table HEALTHCARE: PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • IT AND TELECOM
      • Table IT AND TELECOM: PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • EDUCATION
      • Table EDUCATION: PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • MEDIA AND ENTERTAINMENT
      • Table MEDIA AND ENTERTAINTMENT: PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • OTHERS
      • Table OTHERS: PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table PAYMENT SECURITY MARKET SIZE, BY REGION, 2015-2022 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: PAYMENT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: PAYMENT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: PAYMENT SECURITY MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: PAYMENT SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table NORTH AMERICA: PAYMENT SECURITY MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • EUROPE
      • Table EUROPE: PAYMENT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table EUROPE: PAYMENT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table EUROPE: PAYMENT SECURITY MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table EUROPE: PAYMENT SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table EUROPE: PAYMENT SECURITY MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: PAYMENT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: PAYMENT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: PAYMENT SECURITY MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: PAYMENT SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table ASIA PACIFIC: PAYMENT SECURITY MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: PAYMENT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PAYMENT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PAYMENT SECURITY MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PAYMENT SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: PAYMENT SECURITY MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
    • LATIN AMERICA
      • Table LATIN AMERICA: PAYMENT SECURITY MARKET SIZE, BY COMPONENT, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: PAYMENT SECURITY MARKET SIZE, BY SOLUTION, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: PAYMENT SECURITY MARKET SIZE, BY SERVICE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: PAYMENT SECURITY MARKET SIZE, BY ORGANIZATION SIZE, 2015-2022 (USD MILLION)
      • Table LATIN AMERICA: PAYMENT SECURITY MARKET SIZE, BY VERTICAL, 2015-2022 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • MICROQUADRANT OVERVIEW
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • STRENGTH OF PRODUCT OFFERING OF MAJOR PLAYERS IN THE PAYMENT SECURITY MARKET
      • BUSINESS STRATEGY EXCELLENCE OF MAJOR PLAYERS IN THE PAYMENT SECURITY MARKET
    • COMPETITIVE LEADERSHIP MAPPING
      • Table PAYMENT SECURITY MARKET: RANKING ANALYSIS
  • COMPANY PROFILES
    • BLUEFIN PAYMENT SYSTEMS
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
    • BRAINTREE
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
    • CYBERSOURCE
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • ELAVON
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • INDEX
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • INGENICO EPAYMENTS
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • INTELLIGENT PAYMENTS
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
    • GEOBRIDGE CORPORATION
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
    • SHIFT4 CORPORATION
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • SISA INFORMATION SECURITY
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
    • SIGNIFYD
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
    • TNS
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
    • TOKENEX
      • OVERVIEW
      • STRENGTH OF PRODUCT OFFERING
      • BUSINESS STRATEGY EXCELLENCE
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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