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Payment Security Market Report: Trends, Forecast and Competitive Analysis to 2030

September 2023 | 150 pages | ID: P65F9D83CCB3EN
Lucintel

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Payment Security Trends and Forecast

The future of the global payment security market looks promising with opportunities in the retail, travel and hospitality, healthcare, it and telecom, education, and media & entertainment sectors. The global payment security market is expected to reach an estimated $50.5 billion by 2030 with a CAGR of 14.3% from 2024 to 2030. The major drivers for this market are growing utilization of digital payment methods, growing number of cyberattacks, and escalating frquency of fraudulent incidents in the e-commerce sector.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Payment Security by Segment

The study includes a forecast for the global payment security by component, organization size, end use industry, technology, and region

Payment Security Market by Component [Shipment Analysis by Value from 2018 to 2030]:
  • Solution
  • Service
Payment Security Market by Organization Size [Shipment Analysis by Value from 2018 to 2030]:
  • Large Enterprises
  • Small and Medium-Sized Enterprises (SMEs)
Payment Security Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
  • Retail
  • Travel and Hospitality
  • Healthcare
  • IT and Telecom
  • Education
  • Media and Entertainment
  • Others
Payment Security Market by Region [Shipment Analysis by Value from 2018 to 2030]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
List of Payment Security Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies payment security companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the payment security companies profiled in this report include-
  • Elavon
  • Ingenico
  • Utimaco Management
  • Shift4 Payments
  • Mastercard
  • Intelligent Payment Solutions
  • Tokenex
  • Paypal
  • Bluefin Payment Systems
  • Visa
Payment Security Market Insights

Lucintel forecast that solution is expected to witness highest growth over the forecast period due to its increasing need to protect sensitive online business transactions from revolutionary cyberattacks.

Retail will remain the largest segment due to growing requirement for secure payment processing solutions in this sector and significant growth in customer's puchasing power.

North America is expected to witness highest growth over the forecast period due to rising preference for digital payments among population, existence of major service vendors and providers, and presence of well-established it infrastructure in the region.

Features of the Global Payment Security Market

Market Size Estimates: Payment Security Market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Payment Security Market size by component, organization size, end use industry, and region in terms of value ($B).

Regional Analysis: Payment Security Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different component, organization size, end use industry, and regions for the payment security market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the payment security market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the payment security market size?

Answer: The global payment security market is expected to reach an estimated $50.5 billion by 2030.

Q.2 What is the growth forecast for payment security market?

Answer: The global payment security market is expected to grow with a CAGR of 14.3% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the payment security market?

Answer: The major drivers for this market are growing utilization of digital payment methods, growing number of cyberattacks, and escalating frquency of fraudulent incidents in the e-commerce sector .

Q4. What are the major segments for payment security market?

Answer: The future of the payment security market looks promising with opportunities in the retail, travel and hospitality, healthcare, it and telecom, education, and media & entertainment sectors.

Q5. Who are the key payment security market companies?

Answer: Some of the key payment security companies are as follows:
  • Elavon
  • Ingenico
  • Utimaco Management
  • Shift4 Payments
  • Mastercard
  • Intelligent Payment Solutions
  • TokenEx
  • Paypal
  • Bluefin Payment Systems
  • Visa
Q6. Which payment security market segment will be the largest in future?

Answer: Lucintel forecast that solution is expected to witness highest growth over the forecast period due to its increasing need to protect sensitive online business transactions from revolutionary cyberattacks.

Q7. In payment security market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rising preference for digital payments among population, existence of major service vendors and providers, and presence of well-established it infrastructure in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the payment security market by component (solution and service), organization size (large enterprises and small and medium-sized enterprises), end use industry (retail, travel and hospitality, healthcare, IT and telecom, education, media & entertainment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to payment security market or related to payment security companies, payment security market size, payment security market share, payment security market growth, payment security market research, write Lucintel analyst at email: [email protected] we will be glad to get back to you soon.
1. EXECUTIVE SUMMARY

2. GLOBAL PAYMENT SECURITY MARKET: MARKET DYNAMICS

2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2018 TO 2030

3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Payment Security Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Payment Security Market by Component
  3.3.1: Solution
  3.3.2: Service
3.4: Global Payment Security Market by Organization Size
  3.4.1: Large Enterprises
  3.4.2: Small and Medium-Sized Enterprises (SMEs)
3.5: Global Payment Security Market by End Use Industry
  3.5.1: Retail
  3.5.2: Travel and Hospitality
  3.5.3: Healthcare
  3.5.4: IT and Telecom
  3.5.5: Education
  3.5.6: Media and Entertainment
  3.5.7: Others

4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2018 TO 2030

4.1: Global Payment Security Market by Region
4.2: North American Payment Security Market
  4.2.1: North American Payment Security Market by Component: Solution and Service
  4.2.2: North American Payment Security Market by End Use Industry: Retail, Travel and Hospitality, Healthcare, IT and Telecom, Education, Media & Entertainment, and Others
4.3: European Payment Security Market
  4.3.1: European Payment Security Market by Component: Solution and Service
  4.3.2: European Payment Security Market by End Use Industry: Retail, Travel and Hospitality, Healthcare, IT and Telecom, Education, Media & Entertainment, and Others
4.4: APAC Payment Security Market
  4.4.1: APAC Payment Security Market by Component: Solution and Service
  4.4.2: APAC Payment Security Market by End Use Industry: Retail, Travel and Hospitality, Healthcare, IT and Telecom, Education, Media & Entertainment, and Others
4.5: ROW Payment Security Market
  4.5.1: ROW Payment Security Market by Component: Solution and Service
  4.5.2: ROW Payment Security Market by End Use Industry: Retail, Travel and Hospitality, Healthcare, IT and Telecom, Education, Media & Entertainment, and Others

5. COMPETITOR ANALYSIS

5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS

6.1: Growth Opportunity Analysis
  6.1.1: Growth Opportunities for the Global Payment Security Market by Component
  6.1.2: Growth Opportunities for the Global Payment Security Market by Organization Size
  6.1.3: Growth Opportunities for the Global Payment Security Market by End Use Industry
  6.1.4: Growth Opportunities for the Global Payment Security Market Region
6.2: Emerging Trends in the Global Payment Security Market
6.3: Strategic Analysis
  6.3.1: New Product Development
  6.3.2: Capacity Expansion of the Global Payment Security Market
  6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Payment Security Market
  6.3.4: Certification and Licensing

7. COMPANY PROFILES OF LEADING PLAYERS

7.1: Elavon
7.2: Ingenico
7.3: Utimaco Management
7.4: Shift4 Payments
7.5: Mastercard
7.6: Intelligent Payment Solutions
7.7: TokenEx
7.8: Paypal
7.9: Bluefin Payment Systems
7.10: Visa


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