Global Payment Security Market to Post 17% CAGR through 2022, States OMR in Its Topical Research Report Available at MarketPublishers.com25 Oct 2017 • by Natalie Aster
LONDON – The world payment security market is projected to witness an impressive CAGR of 17% during 2017-2022. Rising incidence rates of identity theft and Internet fraud had resulted in the customers feeling cautious about disclosing their personal details and credit card data on the Internet. Digital banking is gaining momentum from pole to pole and is influenced by rising online frauds. Precautionary measures are the key factors in the contest against fraud with online payments. A few of payment security firms like Cyber Source Corporation, Braintree, and Elavon, are expending efforts to build reliable and protected platform for securing transactions.
The essential factors that are driving growth of the payment security sector comprise the adoption of digital payment methods, compliance of PCI Data Security Standard guidelines, rapid advancement of e-commerce, etc. Further, technological developments and a hike in transactions on the Internet are also poised to fuel the market growth.
Geography-wise, North America is the main revenue-generating region for vendors in 2017. The USA and Canada are contributing heavily owing to R&D investment, technological progress and innovations in respective technologies. APAC is expected to record the fastest growth due to surging adoption of cutting-edge payment technologies within companies to conduct business transactions.
Bluefin Payment System, Transaction Network Services (TNS), CyberSource Corporation, Braintree, Elavon, Geobridge Corporation, Index, Ingenico, ePayments, Intelligent Payments, TokenEx, Shift4 Corporation, amid others, are the leading players in the market space.
In-demand research report “Global Payment Security Market Research and Forecast 2017-2022” drawn up by OMR is aimed at investigating the market on a global level.
The market is segmented on the basis of solution, service, organisation size, platform type, and vertical. The report offers an extensive analysis of macro and micro factors affecting the market alongside a slew of valuable recommendations. It presents information on the manifold regulations across the regions and other governmental policies impacting the global payment security market. The research pinpoints and canvasses the factors propelling the growth in the market worldwide. It presents an exhaustive evaluation of the market segments including a distribution of revenues region-wise. The publication includes granular profiles of the market players together with details on their developments over the recent past. Extensive forecasts of the market development through 2022 are at hand in the report, too.
More in-demand research reports by Orion Market Research can be found at its page.