World Payment Security Market to Reach USD 28.6 Bn by 2023, Projects KBV Research in Its Research Study Now Available at MarketPublishers.com12 Sep 2017 • by Natalie Aster
LONDON – The market size of the world payment security market is projected to reach USD 28.6 billion by end-2023, registering a 17% CAGR in the foreseeable future. The factors that fuel the market growth encompass the fast-paced uptake of various modes of digital payment, stringent PCI DSS rules, and the explosive rise of fraudulent activities, particularly on e-commerce platforms.
It is essential to dispose of fundamental security precautions to manage a prosperous online business. Website security is of the first magnitude, and using SSL certificates (also referred to as digital certificates) further adds to the degree of security. Superior security levels help safeguard credit card information of the cardholders and, most significantly, build credibility. Payment card industry data security standards (PCI DSS) are a set of requirements utilised in creating a process flow for safeguarding sensitive data. Data encryption is important whilst conducting payments without utilising real card data that is visible during processing. PCI guidelines are also likely to comprise tokenization in the next version.
Cutting-edge research report “Global Payment Security Market (2017 - 2023)” drawn up by KBV Research offers an all-extensive analysis of the market on a global level.
The study includes a detailed segmental analysis of the market by type (solution type and services type), organisation size, vertical, and by region. The report examines the factors driving and restraining the market growth, and pinpoints key market opportunities. It discusses the prevailing trends across the major geographical markets, reviews the competitive scenario and explores recent industry-wide strategic developments, profiles the leading players active in the world payment security market. Detailed future forecasts of the market development to 2023 are also provided.
Top firms profiled in the report are: Sisa Information Security, Bluefin Payment Systems, Visa (Cybersource Corporation), PayPal (Braintree), U.S. Bancorp (Elavon), Intelligent Payments, Ingenico Group, Signifyd Inc., Tokenex, LLC, and Shift4 Corporation.
To find a full collection of the publisher’s research reports, go to KBV Research online catalogue at MarketPublishers.com.