Global Payment Security Market (2018-2023)

  • Product Code:
    RP-ID-10083585
  • Published Date:
    21 Oct 2022
  • Region:
    Global
  • Pages:
    90
  • Category:
    Service Industry
  • Publisher:
    Pub-ID-13

Impact Analysis on the Growth of Market

Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.


With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.



Market Overview:

Translate Report

Global Payment Security Market

Global payment security market would grow to 27.01 billion in 2023 at a CAGR of 15.24%. The growing propagation of smartphones, acceptance of wearable technology, cumulative adoption of m-commerce and e-commerce, by banking and financial services, the entrance of the technology companies and accessibility of a diverse payment technology solutions are predicted to drive the industry in spite of technological, financial and security challenges restraining the ecosystem in several key market regions.
Asia continues to lead in mobile payments, with consumers embracing digital wallets on a huge scale, banks and businesses have transformed their payment infrastructures to support this surge.

Governments are endorsing growths in card acceptance infrastructure and in turn growing debit and credit card usage in evolving markets. ATM and bank branches in countries including Brazil, Mexico, Argentina and other countries are expected to reduce in the forecasted years. By application, the market is segmented into industrial automation, smart factories and industrial IoT. Industrial automation has the highest share in the Global market in 2018.
By solution, the market is segmented into encryption, tokenization, fraud detection and prevention.
By service, the market is segmented into integration services, support services, consulting services.
By end-user, the market is segmented into retail, travel and hospitality, healthcare, IT and telecom, education, media and entertainment, and others.
By regions, the market is divided into North America, Europe, Asia Pacific, Latin America, the Middle East and Africa

Key growth factors

Banks are using technologies and modernization initiatives such as open Application Program Interfaces (API), blockchain, instant payments and mobile wallets to enhance the customer experience, in turn leading to the increase in the demand for the payment security.
Due to the widespread use of smartphones, mobile banking and payments applications have gone mainstream, and wearables provide convenient access to such applications.

Threats and key players

Payments business has become increasingly competitive. Growth in trade and investment flows between Asia and other parts of the world are a driving demand for cross-border payments. However, new regulations and compliance requirements along with the current payment infrastructure do not support the more complex and holistic requirements of new regulations.
Global payment security technology providers are Bluefin, SISA, Braintree, Paygilant, Ingenico E-payments, etc.

What’s covered in the report?

1. Overview of the Global payment security market
2Market drivers and challenges in the Global payment security market, in Global payment security market
3. Market trends in the Global payment security market payment security market
4. Historical, current and forecasted market size data for Global market segmentation based on type of solution (encryption, tokenization, fraud detection and prevention) - revenue
5. Historical, current and forecasted market size data for Global market segmentation based on End-user (retail, travel and hospitality, healthcare, IT and telecom, education, media and entertainment, and others) – by revenue
6. Historical, current and forecasted market size data of Global payment security market by region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – by revenue
7. Analysis of the competitive landscape and profiles of major competitors operating in the Global market

Why buy?

1. Understand the demand for Global payment security market to determine the viability of the market
2. Understand the country-specific market size and observations for each segment
3. Develop strategies based on the drivers, trends and highlights for each of the segments
4. Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed
5. Recognize the key competitors of this market and respond accordingly
6. Identify the initiatives and growth strategies taken by the major companies and decide the direction of further growth
7. Define the competitive positioning by comparing the products and services compared with the key players in the market

Customizations available

With the given market data, Kenneth Research offers customizations according to specific needs. Write to us at sales@kennethresearch.com.


Geography Analysis:


The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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1. Bluefin
2. SISA
3. Paygilant
4. Ingenico Group
5. ThreatMark
6. Cybersource
7. Braintree
8. Elavon
9. Intelligent Payments
10. Shift4 Payments
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