Skip to main content

Payment Security Software Market: Industry Analysis And Detailed Profiles Of Top Industry Players

The global market for payment security software has been witnessing a significant rise over the last few years, thanks to the increasing trend of digitization. The advancements in electronic and online payment is leading to a tremendous rise in the number of transactions made over the Internet. With the escalating penetration of smartphones, the number of mobile payments has also increased. This, as a result, has increased the concerns over the security of these payments across the world, which is reflecting greatly on the worldwide payment security software market.

The ongoing shift towards cashless economy is also influencing the growth of this market substantially, as non-banking players are adopting various cashless transaction platforms, such as digital wallets, mobile money, and virtual currencies. Overall, the future of the global payment security software market looks bright. According to Transparency Market Research (TMR), the market is estimated to expand at a CAGR of 8.90% between 2017 and 2025 and reach a value of US$23.7 bn by the end of 2025.

In terms of the geography, the global market for payment security software reports its presence across Asia Pacific, South America, the Middle East and Africa, Europe, and North America. With nearly 40% shares, North America has emerged as the market leader. The high adoption rate of online medium of payments is the key factor behind the growth of this regional market. Apart from this, the presence of a large pool of payment security software providers in North America also supports this market considerably.

Over the forthcoming years, the investment in the online payment technology is likely to increase. Coupled with the rising partnership between software and hardware providers in this region, this factor is expected to boost the North America market for payment security software significantly in the near future. The introduction of innovative technologies in payment security, particularly in the U.S. is also projected to propel this regional market over the next few years.

Currently, Europe, which stood at the second position, is witnessing a slowdown in its payment security software market sue to stringent regulations and economic upheaval. Asia Pacific, on the other hand, is anticipated to provide the most promising opportunities for growth in the years to come, owing to the increasing awareness about technological advancements among people in this region. The markets in South America and the Middle East and Africa are still in the nascent stage and are predicted to gain momentum in the forthcoming years.

Brochure With Latest Advancements With Application @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=30509

The worldwide payment security software market is broadly analyzed on three fronts: The solution, mode of payment, and the end user. Based on the solution, software and services are considered as the key segments of this market. Firewalls, security information and event management (SIEM), intrusion detection and prevention (IDS/IPS), anti-virus/anti malware, data encryption, multi-factor authentication, tokenization, and data loss prevention (DLP) are the main payment security software available across the world. Among these, the demand for security information and event management software is greater than other software and the trend is likely to remain so over the forthcoming years.


By the mode of payment, the market is classified into mobile payment security software, online payment security software, and point-of-sale (PoS) systems and security. Since mobile payments is widely utilized for transactions, this segment is expected to lead the market over the forecast period. The banking, financial services, and insurance (BFSI), healthcare, retail, and the government sectors have emerged as the prime end users of payment security software.


At the forefront of the global market for payment security software are Symantec Corp., Intel Corp., Cisco Systems Inc., Trend Micro, CA Inc., Gemalto, HCL Technologies, TNS Inc., Thales e-Security, and VASCO Data Security Int. Inc.

Comments

Popular posts from this blog

RFID Tags Market is Expected to Grow at the Highest CAGR During the Forecast Period

Key players in the  U.S. RFID tags market  are Atmel Corporation, HID USA Corporation, Invengo Information Technology Ltd. Co., and NXP Semiconductors N.V. Competition among them and among other players are expected to heat up further over the course of next few years as they try to expand their market shares both via the inorganic route of mergers and acquisitions and organic route of product development and diversification. A report on the market published by Transparency Market Research finds that it would rise at an 8.5% CAGR over the course of the forecast period starting from 2017 and ending in 2025. At this pace, the market which was valued at US$809.4 mn in 2016, will likely become worth US$1,672.5 mn by 2025-end. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24536 The two types of RFID tags available in the market are active and passive tags. Between the two, the demand for passive RFI...

Data Center Fabric Market: Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

Fabric-based architecture supports the data center by eradicating the necessity of switch-to-switch interactions, multiple layers of devices and also the shared network protocols. It condenses the complication of a data center network and improves its efficiency. In a data center, fabric embodies interconnection of several servers, storage, and other ports for networking in an ultra-low latency set-up, which provides any-to-any connectivity, making each device only single hop away from every other device. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2227 Data center fabric market is driven by emerging technologies such as data center virtualization, cloud computing and big data analytics. Vendors in this market face challenges such as security issues and scalability in transparent bridging. One of the major opportunities in the market are for providing advanced data center fabric solutions that are more s...

Mobile Security Software Market is Projected to be Fueled by Rapid Technological Advancements

Major drivers of the mobile security market are antivirus, e-mail spam blocking, and malware removal. Technological development in mobile security software and substantial research in this industry are contributing to the growth of this market. Today mobile phones are used as multipurpose devices, their exposure to various online and offline threats have increased significantly thus the need of MSS is rising day by day. This market is expected to witness tremendous growth in the coming years with the increasing number of mobile users and increasing awareness for mobile security. Get PDF Sample of This Report @  https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=304 General lack of awareness about mobile vulnerability and increase in mobile malware is driving the emerging yet dynamic market of mobile security products. This market is mainly driven by business concerns for protecting corporate assets and information, and being vulnerable to various...