Payment Security market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	150 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185591

Best Price Guarantee
Price	from $4,850
Length	150 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185591

Payment Security market

Growth Factors of Payment Security Market

The payment security market size was valued at USD 26.09 billion in 2023, and the market is now projected to grow from USD 30.08 billion in 2024 to USD 92.12 billion by 2032, exhibiting a CAGR of 15.0% during the forecast period of 2024-2032.

Pandemic elevated fraud, cyberattacks, ransomware assaults, and cash laundering, among other matters. Since COVID-19 in 2020, there was a considerable surge in virtual rate fraud because of elevated usage of the technology.

The growing frequency of information breaches is one of the number one drivers of the payment security market growth. Data breaches result in improved monetary losses. As information breaches turn out to be more ordinary, there is a more want for remedies. In August 2020, Juspay, a price carrier company that enables transactions for internet giants like Swiggy and Amazon, disclosed a information breach. The leak affected round 3.5 million files, which includes disguised card numbers and personal information.

MasterCard Contactless Payments Data shows that gas stations, restaurants, and grocery shops had been within the leading edge of imposing contactless payments in the United States. Between 2020 and 2023, those sectors accounted for the majority of contactless bills in the United States.

Comprehensive Analysis of Payment Security Market

The international marketplace for payment security market is segmented into tokenization, encryption, and fraud and prevention. The fraud and prevention section is expected to develop appreciably in 2023 because of improved charge fraud and digital transactions in e-trade. The market is divided into huge businesses and small and medium firms (SMEs), with large enterprises protecting the highest market proportion because of their large economic statistics quantity and need for layered protection. The SME section is predicted to be the quickest-developing, as 95% of credit score card breaches come from SMEs. The market is split into IT and Telecom, healthcare, BFSI, retail, tour.

The North America region lead the payment security market share by benefitting a market size of USD 9.50 billion in 2023 due to the fast expansion of real-time payments in North America has led to an increase in payment fraud, creating a demand for security solutions.

Leading companies provide payment security solutions for businesses, with key market players continuously developing new solutions, updating tools, and expanding their scope. They aim to increase market share and customer reach through strategic acquisitions. Key companies profiled include PayPal Holdings, Thales, Cybersource, Bluefin Payment Systems, Outseer, PayU, Elavon, UL, TNS, and TokenEx.

In November 2024, Mastercard announced the debut of Biometric Payments in partnership with NEC. The cooperation integrates NEC's facial recognition and liveness verification with Mastercard's payment processes. The blessings of current technology for stores consist of extended protection, shorter traces, and higher hygiene, as well as improved patron engagement.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 15.0% from 2024 to 2032

Unit Value (USD)

Segmentation By Solution

- Tokenization

- Encryption

- Fraud and Prevention

By Enterprise Type

- Small & Medium Size Enterprise

- Large Enterprise

By Industry

- BFSI

- Retail

- Healthcare

- IT & Telecom

- Travel & Hospitality

- Others (Media & Entertainment and Others)

By Region

- North America (By Solution, Enterprise Type, Industry, and Country)

U.S.
Canada
Mexico

- South America (By Solution, Enterprise Type, Industry, and Country)

Brazil
Argentina
Rest of South America

- Europe (By Solution, Enterprise Type, Industry, and Country)

U.K.
Germany
France
Italy
Spain
Russia
Benelux
Nordics
Rest of Europe

- Middle East & Africa (By Solution, Enterprise Type, Industry, and Country)

Turkey
Israel
GCC
North Africa
South Africa
Rest of Middle East & Africa

- Asia Pacific (By Solution, Enterprise Type, Industry, and Country)

China
India
Japan
Southeast Asia
ASEAN
Oceania
Rest of Asia Pacific

Please Note:

1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology/Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Payment Security Key Players Market Share Insights and Analysis, 2023
5. Global Payment Security Market Size Estimates and Forecasts, By Segments, 2019-2032: 5.1. Key Findings; 5.2. By Solution (USD); 5.2.1. Tokenization; 5.2.2. Encryption; 5.2.3. Fraud and Prevention; 5.3. By Enterprise Type (USD); 5.3.1. Small & Medium-sized Enterprises (SMEs); 5.3.2. Large Enterprises; 5.4. By Industry (USD); 5.4.1. BFSI; 5.4.2. Retail; 5.4.3. Healthcare; 5.4.4. IT & Telecom; 5.4.5. Travel & Hospitality; 5.4.6. Others (Media & Entertainment, Etc.); 5.5. By Region (USD); 5.5.1. North America; 5.5.2. South America; 5.5.3. Europe; 5.5.4. Middle East & Africa; 5.5.5. Asia Pacific
6. North America Payment Security Market Size Estimates and Forecasts, By Segments, 2019-2032: 6.1. Key Findings; 6.2. By Solution (USD); 6.2.1. Tokenization; 6.2.2. Encryption; 6.2.3. Fraud and Prevention; 6.3. By Enterprise Type (USD); 6.3.1. Small & Medium-sized Enterprises (SMEs); 6.3.2. Large Enterprises; 6.4. By Industry (USD); 6.4.1. BFSI; 6.4.2. Retail; 6.4.3. Healthcare; 6.4.4. IT & Telecom; 6.4.5. Travel & Hospitality; 6.4.6. Others (Media & Entertainment, Etc.); 6.5. By Country (USD); 6.5.1. United States; 6.5.2. Canada; 6.5.3. Mexico
7. South America Payment Security Market Size Estimates and Forecasts, By Segments, 2019-2032: 7.1. Key Findings; 7.2. By Solution (USD); 7.2.1. Tokenization; 7.2.2. Encryption; 7.2.3. Fraud and Prevention; 7.3. By Enterprise Type (USD); 7.3.1. Small & Medium-sized Enterprises (SMEs); 7.3.2. Large Enterprises; 7.4. By Industry (USD); 7.4.1. BFSI; 7.4.2. Retail; 7.4.3. Healthcare; 7.4.4. IT & Telecom; 7.4.5. Travel & Hospitality; 7.4.6. Others (Media & Entertainment, Etc.); 7.5. By Country (USD); 7.5.1. Brazil; 7.5.2. Argentina; 7.5.3. Rest of South America
8. Europe Payment Security Market Size Estimates and Forecasts, By Segments, 2019-2032: 8.1. Key Findings; 8.2. By Solution (USD); 8.2.1. Tokenization; 8.2.2. Encryption; 8.2.3. Fraud and Prevention; 8.3. By Enterprise Type (USD); 8.3.1. Small & Medium-sized Enterprises (SMEs); 8.3.2. Large Enterprises; 8.4. By Industry (USD); 8.4.1. BFSI; 8.4.2. Retail; 8.4.3. Healthcare; 8.4.4. IT & Telecom; 8.4.5. Travel & Hospitality; 8.4.6. Others (Media & Entertainment, Etc.); 8.5. By Country (USD); 8.5.1. United Kingdom; 8.5.2. Germany; 8.5.3. France; 8.5.4. Italy; 8.5.5. Russia; 8.5.6. Spain; 8.5.7. Nordics; 8.5.8. Benelux; 8.5.9. Rest of Europe
9. Middle East & Africa Payment Security Market Size Estimates and Forecasts, By Segments, 2019-2032: 9.1. Key Findings; 9.2. By Solution (USD); 9.2.1. Tokenization; 9.2.2. Encryption; 9.2.3. Fraud and Prevention; 9.3. By Enterprise Type (USD); 9.3.1. Small & Medium-sized Enterprises (SMEs); 9.3.2. Large Enterprises; 9.4. By Industry (USD); 9.4.1. BFSI; 9.4.2. Retail; 9.4.3. Healthcare; 9.4.4. IT & Telecom; 9.4.5. Travel & Hospitality; 9.4.6. Others (Media & Entertainment, Etc.); 9.5. By Country (USD); 9.5.1. Turkey; 9.5.2. Israel; 9.5.3. GCC; 9.5.4. South Africa; 9.5.5. North Africa; 9.5.6. Rest of MEA
10. Asia Pacific Payment Security Market Size Estimates and Forecasts, By Segments, 2019-2032: 10.1. Key Findings; 10.2. By Solution (USD); 10.2.1. Tokenization; 10.2.2. Encryption; 10.2.3. Fraud and Prevention; 10.3. By Enterprise Type (USD); 10.3.1. Small & Medium-sized Enterprises (SMEs); 10.3.2. Large Enterprises; 10.4. By Industry (USD); 10.4.1. BFSI; 10.4.2. Retail; 10.4.3. Healthcare; 10.4.4. IT & Telecom; 10.4.5. Travel & Hospitality; 10.4.6. Others (Media & Entertainment, Etc.); 10.5. By Country (USD); 10.5.1. China; 10.5.2. Japan; 10.5.3. India; 10.5.4. South Korea; 10.5.5. ASEAN; 10.5.6. Oceania; 10.5.7. Rest of Asia Pacific
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases): 11.1. Paypal Holdings, Inc.; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Thales; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. Cybersource (VISA); 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. Bluefin Payment Systems LLC; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. Outseer (RSA Security LLC); 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. PayU; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. Elavon, Inc.; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. UL LLC; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. TNS, Inc.; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. TokenEx; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments