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Payment Security Service Market Size, Share, Trends, Growth Outlook

Payment Security Service Market Size, Share, Trends, Growth Outlook, and Opportunities to 2030- By Type (Integration services, Support services, Consulting services) By Application (Cards, Digi Wallets, Internet Banking, PoS, Retail) Companies Report

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  • |Published Month : October, 2023
  • |No. of Pages : 180

The Global Payment Security Service Market Size is estimated to register 14.5% growth over the forecast period from 2023 to 2030.

 

The market growth is driven by the increasing Mobile payment apps and services like Apple Pay and Google Pay have gained popularity. These platforms demand secure authentication methods and encryption to protect user data. Leading Companies that are focusing on Advanced Authentication Methods, Tokenization and Encryption, Blockchain and Cryptocurrency Security, Cross-Border Transactions, Quantum Computing Threats, Data Analytics for Risk Management, Security Awareness and Training, RegTech Solutions, and others to boost market shares in the industry.

 

Payment Security Service Market Size 2023-2030

 

Market Overview

The Payment Security Service market is experiencing robust growth due to the rising adoption of digital payments and e-commerce, driven by factors like globalization, regulatory compliance requirements, and the emergence of advanced technologies. Key components include encryption, tokenization, authentication, and fraud detection. Market players encompass payment service providers, cybersecurity firms, financial institutions, and technology providers. Challenges include evolving cyber threats and regulatory changes, while trends include the adoption of biometrics, artificial intelligence, and secure global expansion. Success in this market requires a strong focus on security, compliance, and innovation to meet evolving industry demands

 

Market Dynamics

Market Trends - The rise of digital payments has led to new challenges and opportunities in the field of payment security

The surge in digital payments has introduced fresh challenges in payment security, including cyber threats, fraud, data privacy concerns, and regulatory compliance. However, it has also created opportunities for enhanced security through advanced authentication, tokenization, AI, blockchain, and tighter regulations. Collaboration, education, and continuous monitoring play crucial roles in mitigating risks, while cybersecurity insurance offers financial protection. In this evolving landscape, adapting to emerging threats and innovations is vital for safeguarding digital transactions.

 

Market Driver- The growing popularity of e-commerce is driving demand for payment security services

The increasing popularity of e-commerce is fueling a strong demand for payment security services. This growth is driven by the widespread adoption of digital payment methods in online shopping. However, it also brings with it escalating cybersecurity threats and data privacy concerns. To build trust, comply with regulations, and prevent sophisticated fraud, businesses require robust payment security services that strike a balance between protection and user experience. These services are critical for boosting conversion rates, supporting international expansion, and staying ahead of evolving fraud tactics through advanced technologies like AI and biometrics.

 

Market Opportunity- Tokenization is a new payment security technology that is gaining popularity among businesses

Tokenization, a payment security technology, is increasingly popular among businesses due to its effectiveness in safeguarding payment data. It replaces sensitive information with secure, meaningless tokens, reducing the risk of data breaches. Factors driving its adoption include rising data breach concerns, regulatory compliance needs, the growth of e-commerce, and the proliferation of digital payments. Tokenization enhances security without compromising user convenience, making it a preferred choice for businesses, especially in the context of emerging payment methods and IoT devices.

 

Market Share Analysis- Integration services Payment Security Service Market will register the Significant growth

The Global Payment Security Service Market is analyzed across Integration services, Support services, Consulting services, and others. Integration services are poised to register significant growth. The Integration Services Payment Security Service Market deals with the seamless integration of payment security solutions into organizations' payment infrastructure, driven by the growing demand to protect digital payment data. This market focuses on efficiently incorporating encryption, tokenization, authentication, and fraud detection systems while ensuring compliance with industry regulations like PCI DSS. Particularly vital for e-commerce platforms, the market's growth is anticipated as businesses increasingly prioritize payment security, adapting to evolving payment technologies and standards.

 

Market Share Analysis- Cards held a significant market share in 2023

      The Global Payment Security Service Market is analyzed across various applications including Cards, Digi Wallets, Internet Banking, PoS, Retail, and others. Of these, Cards held a significant market share in 2023. Cards for Payment Security Service Market" likely pertains to various types of cards (e.g., payment cards, smart cards) used within the broader payment security service sector. These cards play integral roles in secure transactions and data protection, serving as authentication tokens or payment mediums. Their significance stems from their contribution to bolstering payment security measures and regulatory compliance within the payment industry.

 

Payment Security Service Market Segmentation

By Type

  • Integration services
  • Support services
  • Consulting services

By Application

  • Cards
  • Digi Wallets
  • Internet Banking
  • PoS
  • Retail

By Region

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Spain, Italy, Others)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Others)
  • Latin America (Brazil, Argentina, Others)
  • Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Payment Security Service Market Companies

  • Elavon (United States)
  • CyberSource Corporation (United States)
  • Braintree (United States)
  • Index (United States)
  • Ingenico ePayments (Netherlands)
  • GEOBRIDGE Corporation (United States)
  • Transaction Network Services Inc (United States)
  • TokenEx, LLC (United States)
  • Shift4 Corporation (United States)
  • Intelligent Payments (Gibraltar)

 

*List not exhaustive

 

Payment Security Service Market Outlook 2023

1 Market Overview

1.1 Introduction to the Payment Security Service Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Payment Security Service Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Payment Security Service Market Companies with Area Served

4.2.2 Products Offerings Global Payment Security Service Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 Post-COVID-19 Scenario- Low Growth Case

5.1.3 Post-COVID-19 Scenario- Reference Growth Case

5.1.4 Post-COVID-19 Scenario- Low Growth Case

 

6 Global Payment Security Service Market Trends

6.1 Global Payment Security Service Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Payment Security Service Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Payment Security Service Revenue (USD Million) and CAGR (%) by Regions (2018-2030)

 

7 Global Payment Security Service Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Payment Security Service Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Payment Security Service Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Payment Security Service Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Payment Security Service Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Payment Security Service Development Regional Status and Outlook

8.1 Global Payment Security Service Revenue (USD Million) By Regions (2018-2022)

8.2 North America Payment Security Service Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Payment Security Service Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Payment Security Service Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Payment Security Service Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Payment Security Service Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Payment Security Service Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Payment Security Service Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Payment Security Service Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Payment Security Service Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Payment Security Service Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Payment Security Service Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Payment Security Service Revenue (USD Million) by Applications (2018-2022)

8.5 South America Payment Security Service Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Payment Security Service Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Payment Security Service Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Payment Security Service Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Payment Security Service Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Payment Security Service Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Payment Security Service Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Payment Security Service Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Payment Security Service Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Payment Security Service Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Payment Security Service Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Payment Security Service Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Payment Security Service Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Payment Security Service Development Regional Status and Outlook Forecast

11.1 Global Payment Security Service Revenue (USD Million) By Regions (2023-2030)

11.2 North America Payment Security Service Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Payment Security Service Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Payment Security Service Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Payment Security Service Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Payment Security Service Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Payment Security Service Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Payment Security Service Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Payment Security Service Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Payment Security Service Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Payment Security Service Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Payment Security Service Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Payment Security Service Revenue (USD Million), by Applications (2023-2030)

11.5 South America Payment Security Service Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Payment Security Service Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Payment Security Service Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Payment Security Service Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Payment Security Service Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Payment Security Service Revenue (USD Million), by Region (2023-2030)

11.6.2 Middle East and Africa Payment Security Service Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Payment Security Service Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Payment Security Service Market Companies with Areas Served

Table 3 Products Offerings Global Payment Security Service Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Payment Security Service Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Payment Security Service Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Payment Security Service Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Payment Security Service Revenue (USD Million) By Type (2018-2022)

Table 11 Global Payment Security Service Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Payment Security Service Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Payment Security Service Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Payment Security Service Market Share (%) By Regions (2018-2022)

Table 16 North America Payment Security Service Revenue (USD Million) By Country (2018-2022)

Table 17 North America Payment Security Service Revenue (USD Million) By Type (2018-2022)

Table 18 North America Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Payment Security Service Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Payment Security Service Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Payment Security Service Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Payment Security Service Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Payment Security Service Revenue (USD Million) By Country (2018-2022)

Table 26 South America Payment Security Service Revenue (USD Million) By Type (2018-2022)

Table 27 South America Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Payment Security Service Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Payment Security Service Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Payment Security Service Revenue (USD Million) By Type (2023-2030)

Table 33 Global Payment Security Service Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Payment Security Service Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Payment Security Service Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Payment Security Service Revenue (USD)By Country (2023-2030)

Table 38 North America Payment Security Service Revenue (USD Million) By Type (2023-2030)

Table 39 North America Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Payment Security Service Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Payment Security Service Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Payment Security Service Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Payment Security Service Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Payment Security Service Revenue (USD Million) By Country (2023-2030)

Table 47 South America Payment Security Service Revenue (USD Million) By Type (2023-2030)

Table 48 South America Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Payment Security Service Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Payment Security Service Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Payment Security Service Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Payment Security Service Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Payment Security Service Revenue Market Share (%) By Type (2022)

Figure 5 Global Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Payment Security Service Revenue Market Share (%) By Applications (2022)

Figure 7 Global Payment Security Service Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Payment Security Service Market Share (%) By Regions (2022)

Figure 9 North America Payment Security Service Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Payment Security Service Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Payment Security Service Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Payment Security Service Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Payment Security Service Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Payment Security Service Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Payment Security Service Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Payment Security Service Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Payment Security Service Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Payment Security Service Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Payment Security Service Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Payment Security Service Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Payment Security Service Revenue Market Share (%) By Type (2030)

Figure 26 Global Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Payment Security Service Revenue Market Share (%) By Applications (2030)

Figure 28 Global Payment Security Service Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Payment Security Service Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Payment Security Service Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Payment Security Service Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Payment Security Service Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Payment Security Service Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Payment Security Service Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Payment Security Service Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Payment Security Service Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Payment Security Service Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Payment Security Service Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Payment Security Service Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Payment Security Service Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches For This Report

Figure 46 Data Triangulation

 

Payment Security Service Market Segmentation

By Type

  • Integration services
  • Support services
  • Consulting services

By Application

  • Cards
  • Digi Wallets
  • Internet Banking
  • PoS
  • Retail

By Region

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Spain, Italy, Others)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Others)
  • Latin America (Brazil, Argentina, Others)
  • Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)