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DUBLIN, Jan. 17, 2022 /PRNewswire/ — The “Payment Security Market By Component, Platform, Organization Size and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering.
Payment security software is used to reveal flaws in the security mechanisms of a money transaction system as well as it protects the data and provides high security to the customer while using digital payment services. The payment security software companies help in making the buying and selling experience smooth & secured for all the parties involved. The payment security software are covered for all payment products such as prepaid, debit, and credit cards on a single platform.
Furthermore, payment security software enables proper and flawless functioning of an application in banking industry. These functions allow users to quickly and easily get their application up and running at maximum productivity without the fear of any external attacks, which drives the growth of the market across the globe.
Increase in adoption of digital payment modes among the customers and rise in fraudulent activities in e-commerce payment system are some of the important factor that boost the growth of the market across the globe.
In addition, the need to adhere to payment card industry data security standard (PCI DSS) guidelines positively impacts growth of the payment security market. However, lack of trust on online banking is hampering the market growth. On the contrary, increase in demand for advanced payment security solutions for digital ecommerce and rise in use of payment applications across different industry verticals is expected to offer remunerative opportunities for expansion of the market during the forecast period.
The global payment security market is segmented on the basis of component, enterprise size, industry vertical and region. By component, the market is bifurcated into solutions and service. By platform, the market is divided into web-based and POS-based. By organization size, it is categorized into large enterprises and small & medium enterprises. By industry vertical the market is divided into retail, travel & hospitality, healthcare, IT & telecom, education, media & entertainment, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key forces shaping the global Payment security market
3.3. Patent analysis
3.3.1. By region (2000-2020)
3.3.2. By applicant
3.4. Case Studies
3.4.1. Case study 01
3.4.2. Case study 02
Market dynamics
3.4.3. Drivers
3.4.3.1. Increased adoption of digital payment modes
3.4.3.2. Need to adhere to PCI DSS Guidelines
3.4.3.3. Rise in fraudulent activities in e-commerce
3.4.4. Restraints
3.4.4.1. Lack of trust on online banking
3.4.4.2. Privacy & security concerns
3.4.5. Opportunity
3.4.5.1. Increasing use of payment applications across different industry verticals
3.4.5.2. Untapped potential of emerging economies
3.1. COVID-19 impact analysis on the payment security market
3.1.1. Impact on market size
3.1.2. Consumer trends, preferences, and budget impact
3.1.3. Economic impact
3.1.4. Strategies to tackle negative impact
CHAPTER 4: PAYMENT SECURITY MARKET, BY COMPONENT
4.1. Overview
4.2. Solution
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.2.3.1. Payment security market, by solution type
4.2.3.2. Encryption
4.2.3.2.1. Market size and forecast, by region
4.2.3.2.2. Market analysis, by country
4.2.3.3. Tokenization
4.2.3.3.1. Market size and forecast, by region
For more information about this report visit https://www.researchandmarkets.com/r/lhzw4t
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Research and Markets
Laura Wood, Senior Manager
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