Payment Security Market
PUBLISHED: 2022 ID: SMRC22124
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Payment Security Market

Payment Security Market Forecasts to 2028 - Global Analysis By Component (Solution, Service and Other Components), Organization Size (Small and Medium-Sized Enterprises and Large Enterprises), Platform (Wed-Based, Point of Sale (POS)-Based and Other Platforms), Transaction Mode, End Users and Geography

4.5 (92 reviews)
4.5 (92 reviews)
Published: 2022 ID: SMRC22124

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $22.69 BN

Projected Year Value (2028)

US $61.25 BN

CAGR (2022 - 2028)

18%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Fastest Growing Market

North America

According to Stratistics MRC, the Global Payment Security Market is accounted for $22.69 billion in 2022 and is expected to reach $61.25 billion by 2028 growing at a CAGR of 18% during the forecast period. Payment security is a collection of security tools and services that guard against money laundering, illegal business dealings, and data breaches. All forms of online financial transactions are secured by data encryption, firewalls, and data loss prevention (DLP) protocols. Included are risk and compliance management, endpoint security, identity and access management, anti-malware, and intrusion detection. By regularly monitoring illegal activity, this helps to develop a dependable platform, reduces the loss of financial data, and guards against continuous cyber security issues. As a result, the information technology (IT), healthcare, banking, financial services, and insurance (BFS) industries all heavily rely on payment security solutions.

According to RTI research, 30% of consumers have started utilizing contactless According to payment methods, such as smartphones, NFC cards, and wearables, since the outbreak of COVID-19. 70% of them said they would continue to use this contactless payment method after the pandemic is over. According to MasterCard Data warehouse 2020, there was over 40% growth in According to contactless payments worldwide in Q1 2020. Additionally, 80% of contactless transactions are under USD 25, a range typically dominated by cash.



Market Dynamics:

Driver:

The growing interest in digital payment platforms

The growing demand for digital payment systems is a driving force behind the rise of the payment security market. The market for payment security has also grown as a result of people's concerns about the security of their payment information. The inherent security risks connected with using digital payment gateways are reduced by the deployment of enhanced payment security. It is the obligation of businesses to work toward lowering the security risks connected to digital payments. Therefore, the research and development of more sophisticated secure payment systems is one of the key factors boosting the growth of the payment security market.

Restraint:

Adaptation to advanced technology

Similar to every other important organisation that is now operating, the global payment security market has a number of constraints. Under many organisations, the switch to digital payment channels is already in progress. However, it is not happening nearly as quickly as it should to the new technologies. For businesses in the payment security sector, this poses a sizable barrier to entry. The inability of businesses to look into security holes and take action to strengthen the platform is another barrier for the payment security industry. Many organisations are unable to do both, which is a problem. Even though government requirements drive research and growth in the payment security industry, stricter rules typically act as a restraint.

Opportunity:

Expansion of the E-commerce market

The potential for growth in the Payment Security market is currently abundant. The market's major players must quickly grab the opportunities that present themselves in order for the Payment Security Market to continue growing. The general expansion in digital payment platforms represents the main development opportunity for the payment security industry. The top players in the market for payment security may seize this chance to advance payment security technologies and the sector at large. In the COVID 19 age, the growth of the E-commerce market offers a chance to look into the Payment Security Market. Every website is turning into a digital market interface as a result of several expansion opportunities in the global payment security business.

Threat:

Security Concerns and Lack of Skilled Professionals

Phishing scams, hacking tools, illegal access, and unprotected mobile wallets are security risks that put users' data and information at risk. Determining the type and degree of user data protection is similarly difficult. Companies continue to experience issues with data security and a shortage of qualified personnel, which is limiting market growth.

Covid-19 Impact

The COVID-19 pandemic epidemic has boosted the use of digital payment methods, which has greatly accelerated the expansion of the payment security business. Since the COVID-19 pandemic broke out, companies that handle digital payments like PhonePe, Paytm, and Amazon Pay have experienced a roughly 50% increase in transactions made using their digital wallets. Numerous banks' digital transformation plans have advanced significantly as a result of the unexpected upsurge in digital use. Banking leaders now see online banking services as a crucial tool for boosting client retention and expanding income streams through individualised offerings. The pandemic's effects have sped up the adoption of a wide variety of digital banking services and steered customers of all ages away from traditional banking facilities and ATMs.

The solution segment is expected to be the largest during the forecast period

The solution is estimated to have a lucrative growth, during the forecast period. Tokenization, encryption, and fraud detection and prevention are the three solution categories that make up the market. The fraud detection and prevention market sector is anticipated to account for a sizeable portion of the market due to its ability to provide a wide range of fraud analytics solutions, including big data analytics, social media analytics, customer analytics, behavioural analytics, predictive analytics, and governance, risk, and compliance solutions. However, it is anticipated that the encryption industry will hold a sizable portion of the business in the years to come. Point-to-point encryption (P2PE), which is commonly used throughout commercial organisations to assure safe payment activities, encrypts card data into a series of integers.

The point of sale (POS)-based segment is expected to have the highest CAGR during the forecast period

The point of sale (POS)-based segment is anticipated to witness the fastest CAGR growth during the forecast period, as a result of rising consumer interest, comfort, and ease in online purchasing as well as other conveniences. Different AI-based solutions are being used by payment security providers for a variety of tasks, including fraud detection and consumer contact. In a system, it aids in the quick analysis, forecasting, and processing of risks and frauds. This aids service providers in providing solutions for fraud detection and prevention and in providing an accurate assessment of threats and data breaches that may occur in the system. Payment security issues and frauds are becoming more prevalent as mobile and POS transactions increase. Reduced transaction fees, the use of cryptographic methods for improved transaction security, quicker transaction settlement, and relief from numerous chargeback’s and purchase returns are all necessary for these electronic transactions.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to more consumers in Asia and the Pacific are using online digital payments. For instance, almost 60% of people in APAC are switching to digital payment methods online. According to Kaspersky Digital Payments research, the rate of growth for digital payments is over 30% annually. The demand for payment security is also increasing due to the quick spread and adoption of digital payments across a variety of industries, including retail, hospitality, and others. Several online payment methods are used in this region, including Kakao, Paytm, Grab, Line, Gojek, Apple Pay, Stocard, and Samsung Pay.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period. Real-time payments are growing quickly in North America, with significant year-over-year growth, which has led to an increase in payment fraud. Due to the epidemic, more than half of consumers in North America switched from in-store to online shopping, increasing the prevalence of digital payments. As a result, there have been more digital payment transactions, which have raised the possibility of payment fraud. In addition, top mobile payment providers like Samsung, Apple, Inc., and others are concentrating on launching cutting-edge mobile payment services based on these security solutions in North America.



Key players in the market

Some of the key players profiled in the Payment Security Market include Thales, Cybersource, Outseer, Paypal Holdings, Inc., PayU, UL LLC, Bluefin Payment Systems LLC, Elavon, Inc., TNS, Inc., TokenEx, Braintree, Index, Ingenico ePayments and Intelligent Payments.

Key Developments:

In July 2022, Bluefin, a tokenization and encryption technology provider that secures payments and sensitive data, partnered with healthcare payment software provider Waystar to provide advanced payment security for healthcare payments. Additionally, the partnership offers Bluefin's PCI-validated point-to-point encryption solution and payment gateway via Waystar's software.

In February 2022, Outseer has taken a strategic development step with Outseer Emerging Payments. The announcement marks Outseer's first expansion beyond Outseer 3D Secure, the payment authentication service, enabling growth and customer value beyond traditional card-not-present (CNP) transactions.

In November 2021, Global technology company Thales partnered with First Tech. This partnership helped SWAP, a venture-backed financial services provider, launch a modern digital payments infrastructure. This modern payment security infrastructure with Thales to SWAP accelerates its market transition.

In September 2021, PayPal launched a new PayPal app. It's a personalized, all-in-one app that gives customers the perfect place to manage their financial lives. The app is the central location for PayPal customers to manage bill payments, get paid up to two days in advance with the new direct deposit feature from its banking partners, manage gift cards, and earn rewards.

In February 2021, Cybersource announced a partnership with payments company Planet to launch a new digital payments platform for European merchants. The service offers the ability to streamline complex digital payments in the hospitality, retail, food, and beverage industries. The platform also provides access to online payment methods and integration with Planet's e-commerce platform.

Components Covered:
• Solution
• Service
• Other Components

Organization Sizes Covered:
• Small and Medium-Sized Enterprises
• Large Enterprises

Platforms Covered:
• Wed-Based
• POS-Based
• Other Platforms

Transaction Modes Covered:
• Digital Wallets
• Point of Sales
• Internet Banking
• Banking Cards
• Micropayments
• Mobile Payments
• Other Transaction Modes

End Users Covered:
• Travel and Hospitality
• Retail
• Healthcare
• IT and Telecom
• Education
• Media and Entertainment
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Payment Security Market, By Component
5.1 Introduction
5.2 Solution
5.2.1 Tokenization
5.2.2 Encryption
5.2.3 Fraud Detection and Prevention
5.3 Service
5.3.1 Support Services
5.3.2 Integration Services
5.3.3 Consulting Services
5.4 Other Components

6 Global Payment Security Market, By Organization Size
6.1 Introduction
6.2 Small and Medium-Sized Enterprises
6.3 Large Enterprises

7 Global Payment Security Market, By Platform
7.1 Introduction
7.2 Wed-Based
7.3 Point of Sale (POS)-Based
7.4 Other Platforms

8 Global Payment Security Market, By Transaction Mode
8.1 Introduction
8.2 Digital Wallets
8.3 Point of Sales
8.4 Internet Banking
8.5 Banking Cards
8.6 Micropayments
8.7 Mobile Payments
8.8 Other Transaction Modes

9 Global Payment Security Market, By End User
9.1 Introduction
9.2 Travel and Hospitality
9.3 Retail
9.4 Healthcare
9.5 IT and Telecom
9.6 Education
9.7 Media and Entertainment
9.8 Other End Users

10 Global Payment Security Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Thales
12.2 Cybersource
12.3 Outseer
12.4 Paypal Holdings, Inc.
12.5 PayU
12.6 UL LLC
12.7 Bluefin Payment Systems LLC
12.8 Elavon, Inc.
12.9 TNS, Inc.
12.10 TokenEx
12.11 Braintree
12.12 Index
12.13 Ingenico ePayments
12.14 Intelligent Payments

List of Tables
1 Global Payment Security Market Outlook, By Region (2020-2028) ($MN)
2 Global Payment Security Market Outlook, By Component (2020-2028) ($MN)
3 Global Payment Security Market Outlook, By Solution (2020-2028) ($MN)
4 Global Payment Security Market Outlook, By Tokenization (2020-2028) ($MN)
5 Global Payment Security Market Outlook, By Encryption (2020-2028) ($MN)
6 Global Payment Security Market Outlook, By Fraud Detection and Prevention (2020-2028) ($MN)
7 Global Payment Security Market Outlook, By Service (2020-2028) ($MN)
8 Global Payment Security Market Outlook, By Support Services (2020-2028) ($MN)
9 Global Payment Security Market Outlook, By Integration Services (2020-2028) ($MN)
10 Global Payment Security Market Outlook, By Consulting Services (2020-2028) ($MN)
11 Global Payment Security Market Outlook, By Other Components (2020-2028) ($MN)
12 Global Payment Security Market Outlook, By Organization Size (2020-2028) ($MN)
13 Global Payment Security Market Outlook, By Small and Medium-Sized Enterprises (2020-2028) ($MN)
14 Global Payment Security Market Outlook, By Large Enterprises (2020-2028) ($MN)
15 Global Payment Security Market Outlook, By Platform (2020-2028) ($MN)
16 Global Payment Security Market Outlook, By Wed-Based (2020-2028) ($MN)
17 Global Payment Security Market Outlook, By Point of Sale (POS)-Based (2020-2028) ($MN)
18 Global Payment Security Market Outlook, By Other Platforms (2020-2028) ($MN)
19 Global Payment Security Market Outlook, By Transaction Mode (2020-2028) ($MN)
20 Global Payment Security Market Outlook, By Digital Wallets (2020-2028) ($MN)
21 Global Payment Security Market Outlook, By Point of Sales (2020-2028) ($MN)
22 Global Payment Security Market Outlook, By Internet Banking (2020-2028) ($MN)
23 Global Payment Security Market Outlook, By Banking Cards (2020-2028) ($MN)
24 Global Payment Security Market Outlook, By Micropayments (2020-2028) ($MN)
25 Global Payment Security Market Outlook, By Mobile Payments (2020-2028) ($MN)
26 Global Payment Security Market Outlook, By Other Transaction Modes (2020-2028) ($MN)
27 Global Payment Security Market Outlook, By End User (2020-2028) ($MN)
28 Global Payment Security Market Outlook, By Travel and Hospitality (2020-2028) ($MN)
29 Global Payment Security Market Outlook, By Retail (2020-2028) ($MN)
30 Global Payment Security Market Outlook, By Healthcare (2020-2028) ($MN)
31 Global Payment Security Market Outlook, By IT and Telecom (2020-2028) ($MN)
32 Global Payment Security Market Outlook, By Education (2020-2028) ($MN)
33 Global Payment Security Market Outlook, By Media and Entertainment (2020-2028) ($MN)
34 Global Payment Security Market Outlook, By Other End Users (2020-2028) ($MN)
35 North America Payment Security Market Outlook, By Country (2020-2028) ($MN)
36 North America Payment Security Market Outlook, By Component (2020-2028) ($MN)
37 North America Payment Security Market Outlook, By Solution (2020-2028) ($MN)
38 North America Payment Security Market Outlook, By Tokenization (2020-2028) ($MN)
39 North America Payment Security Market Outlook, By Encryption (2020-2028) ($MN)
40 North America Payment Security Market Outlook, By Fraud Detection and Prevention (2020-2028) ($MN)
41 North America Payment Security Market Outlook, By Service (2020-2028) ($MN)
42 North America Payment Security Market Outlook, By Support Services (2020-2028) ($MN)
43 North America Payment Security Market Outlook, By Integration Services (2020-2028) ($MN)
44 North America Payment Security Market Outlook, By Consulting Services (2020-2028) ($MN)
45 North America Payment Security Market Outlook, By Other Components (2020-2028) ($MN)
46 North America Payment Security Market Outlook, By Organization Size (2020-2028) ($MN)
47 North America Payment Security Market Outlook, By Small and Medium-Sized Enterprises (2020-2028) ($MN)
48 North America Payment Security Market Outlook, By Large Enterprises (2020-2028) ($MN)
49 North America Payment Security Market Outlook, By Platform (2020-2028) ($MN)
50 North America Payment Security Market Outlook, By Wed-Based (2020-2028) ($MN)
51 North America Payment Security Market Outlook, By Point of Sale (POS)-Based (2020-2028) ($MN)
52 North America Payment Security Market Outlook, By Other Platforms (2020-2028) ($MN)
53 North America Payment Security Market Outlook, By Transaction Mode (2020-2028) ($MN)
54 North America Payment Security Market Outlook, By Digital Wallets (2020-2028) ($MN)
55 North America Payment Security Market Outlook, By Point of Sales (2020-2028) ($MN)
56 North America Payment Security Market Outlook, By Internet Banking (2020-2028) ($MN)
57 North America Payment Security Market Outlook, By Banking Cards (2020-2028) ($MN)
58 North America Payment Security Market Outlook, By Micropayments (2020-2028) ($MN)
59 North America Payment Security Market Outlook, By Mobile Payments (2020-2028) ($MN)
60 North America Payment Security Market Outlook, By Other Transaction Modes (2020-2028) ($MN)
61 North America Payment Security Market Outlook, By End User (2020-2028) ($MN)
62 North America Payment Security Market Outlook, By Travel and Hospitality (2020-2028) ($MN)
63 North America Payment Security Market Outlook, By Retail (2020-2028) ($MN)
64 North America Payment Security Market Outlook, By Healthcare (2020-2028) ($MN)
65 North America Payment Security Market Outlook, By IT and Telecom (2020-2028) ($MN)
66 North America Payment Security Market Outlook, By Education (2020-2028) ($MN)
67 North America Payment Security Market Outlook, By Media and Entertainment (2020-2028) ($MN)
68 North America Payment Security Market Outlook, By Other End Users (2020-2028) ($MN)
69 Europe Payment Security Market Outlook, By Country (2020-2028) ($MN)
70 Europe Payment Security Market Outlook, By Component (2020-2028) ($MN)
71 Europe Payment Security Market Outlook, By Solution (2020-2028) ($MN)
72 Europe Payment Security Market Outlook, By Tokenization (2020-2028) ($MN)
73 Europe Payment Security Market Outlook, By Encryption (2020-2028) ($MN)
74 Europe Payment Security Market Outlook, By Fraud Detection and Prevention (2020-2028) ($MN)
75 Europe Payment Security Market Outlook, By Service (2020-2028) ($MN)
76 Europe Payment Security Market Outlook, By Support Services (2020-2028) ($MN)
77 Europe Payment Security Market Outlook, By Integration Services (2020-2028) ($MN)
78 Europe Payment Security Market Outlook, By Consulting Services (2020-2028) ($MN)
79 Europe Payment Security Market Outlook, By Other Components (2020-2028) ($MN)
80 Europe Payment Security Market Outlook, By Organization Size (2020-2028) ($MN)
81 Europe Payment Security Market Outlook, By Small and Medium-Sized Enterprises (2020-2028) ($MN)
82 Europe Payment Security Market Outlook, By Large Enterprises (2020-2028) ($MN)
83 Europe Payment Security Market Outlook, By Platform (2020-2028) ($MN)
84 Europe Payment Security Market Outlook, By Wed-Based (2020-2028) ($MN)
85 Europe Payment Security Market Outlook, By Point of Sale (POS)-Based (2020-2028) ($MN)
86 Europe Payment Security Market Outlook, By Other Platforms (2020-2028) ($MN)
87 Europe Payment Security Market Outlook, By Transaction Mode (2020-2028) ($MN)
88 Europe Payment Security Market Outlook, By Digital Wallets (2020-2028) ($MN)
89 Europe Payment Security Market Outlook, By Point of Sales (2020-2028) ($MN)
90 Europe Payment Security Market Outlook, By Internet Banking (2020-2028) ($MN)
91 Europe Payment Security Market Outlook, By Banking Cards (2020-2028) ($MN)
92 Europe Payment Security Market Outlook, By Micropayments (2020-2028) ($MN)
93 Europe Payment Security Market Outlook, By Mobile Payments (2020-2028) ($MN)
94 Europe Payment Security Market Outlook, By Other Transaction Modes (2020-2028) ($MN)
95 Europe Payment Security Market Outlook, By End User (2020-2028) ($MN)
96 Europe Payment Security Market Outlook, By Travel and Hospitality (2020-2028) ($MN)
97 Europe Payment Security Market Outlook, By Retail (2020-2028) ($MN)
98 Europe Payment Security Market Outlook, By Healthcare (2020-2028) ($MN)
99 Europe Payment Security Market Outlook, By IT and Telecom (2020-2028) ($MN)
100 Europe Payment Security Market Outlook, By Education (2020-2028) ($MN)
101 Europe Payment Security Market Outlook, By Media and Entertainment (2020-2028) ($MN)
102 Europe Payment Security Market Outlook, By Other End Users (2020-2028) ($MN)
103 Asia Pacific Payment Security Market Outlook, By Country (2020-2028) ($MN)
104 Asia Pacific Payment Security Market Outlook, By Component (2020-2028) ($MN)
105 Asia Pacific Payment Security Market Outlook, By Solution (2020-2028) ($MN)
106 Asia Pacific Payment Security Market Outlook, By Tokenization (2020-2028) ($MN)
107 Asia Pacific Payment Security Market Outlook, By Encryption (2020-2028) ($MN)
108 Asia Pacific Payment Security Market Outlook, By Fraud Detection and Prevention (2020-2028) ($MN)
109 Asia Pacific Payment Security Market Outlook, By Service (2020-2028) ($MN)
110 Asia Pacific Payment Security Market Outlook, By Support Services (2020-2028) ($MN)
111 Asia Pacific Payment Security Market Outlook, By Integration Services (2020-2028) ($MN)
112 Asia Pacific Payment Security Market Outlook, By Consulting Services (2020-2028) ($MN)
113 Asia Pacific Payment Security Market Outlook, By Other Components (2020-2028) ($MN)
114 Asia Pacific Payment Security Market Outlook, By Organization Size (2020-2028) ($MN)
115 Asia Pacific Payment Security Market Outlook, By Small and Medium-Sized Enterprises (2020-2028) ($MN)
116 Asia Pacific Payment Security Market Outlook, By Large Enterprises (2020-2028) ($MN)
117 Asia Pacific Payment Security Market Outlook, By Platform (2020-2028) ($MN)
118 Asia Pacific Payment Security Market Outlook, By Wed-Based (2020-2028) ($MN)
119 Asia Pacific Payment Security Market Outlook, By Point of Sale (POS)-Based (2020-2028) ($MN)
120 Asia Pacific Payment Security Market Outlook, By Other Platforms (2020-2028) ($MN)
121 Asia Pacific Payment Security Market Outlook, By Transaction Mode (2020-2028) ($MN)
122 Asia Pacific Payment Security Market Outlook, By Digital Wallets (2020-2028) ($MN)
123 Asia Pacific Payment Security Market Outlook, By Point of Sales (2020-2028) ($MN)
124 Asia Pacific Payment Security Market Outlook, By Internet Banking (2020-2028) ($MN)
125 Asia Pacific Payment Security Market Outlook, By Banking Cards (2020-2028) ($MN)
126 Asia Pacific Payment Security Market Outlook, By Micropayments (2020-2028) ($MN)
127 Asia Pacific Payment Security Market Outlook, By Mobile Payments (2020-2028) ($MN)
128 Asia Pacific Payment Security Market Outlook, By Other Transaction Modes (2020-2028) ($MN)
129 Asia Pacific Payment Security Market Outlook, By End User (2020-2028) ($MN)
130 Asia Pacific Payment Security Market Outlook, By Travel and Hospitality (2020-2028) ($MN)
131 Asia Pacific Payment Security Market Outlook, By Retail (2020-2028) ($MN)
132 Asia Pacific Payment Security Market Outlook, By Healthcare (2020-2028) ($MN)
133 Asia Pacific Payment Security Market Outlook, By IT and Telecom (2020-2028) ($MN)
134 Asia Pacific Payment Security Market Outlook, By Education (2020-2028) ($MN)
135 Asia Pacific Payment Security Market Outlook, By Media and Entertainment (2020-2028) ($MN)
136 Asia Pacific Payment Security Market Outlook, By Other End Users (2020-2028) ($MN)
137 South America Payment Security Market Outlook, By Country (2020-2028) ($MN)
138 South America Payment Security Market Outlook, By Component (2020-2028) ($MN)
139 South America Payment Security Market Outlook, By Solution (2020-2028) ($MN)
140 South America Payment Security Market Outlook, By Tokenization (2020-2028) ($MN)
141 South America Payment Security Market Outlook, By Encryption (2020-2028) ($MN)
142 South America Payment Security Market Outlook, By Fraud Detection and Prevention (2020-2028) ($MN)
143 South America Payment Security Market Outlook, By Service (2020-2028) ($MN)
144 South America Payment Security Market Outlook, By Support Services (2020-2028) ($MN)
145 South America Payment Security Market Outlook, By Integration Services (2020-2028) ($MN)
146 South America Payment Security Market Outlook, By Consulting Services (2020-2028) ($MN)
147 South America Payment Security Market Outlook, By Other Components (2020-2028) ($MN)
148 South America Payment Security Market Outlook, By Organization Size (2020-2028) ($MN)
149 South America Payment Security Market Outlook, By Small and Medium-Sized Enterprises (2020-2028) ($MN)
150 South America Payment Security Market Outlook, By Large Enterprises (2020-2028) ($MN)
151 South America Payment Security Market Outlook, By Platform (2020-2028) ($MN)
152 South America Payment Security Market Outlook, By Wed-Based (2020-2028) ($MN)
153 South America Payment Security Market Outlook, By Point of Sale (POS)-Based (2020-2028) ($MN)
154 South America Payment Security Market Outlook, By Other Platforms (2020-2028) ($MN)
155 South America Payment Security Market Outlook, By Transaction Mode (2020-2028) ($MN)
156 South America Payment Security Market Outlook, By Digital Wallets (2020-2028) ($MN)
157 South America Payment Security Market Outlook, By Point of Sales (2020-2028) ($MN)
158 South America Payment Security Market Outlook, By Internet Banking (2020-2028) ($MN)
159 South America Payment Security Market Outlook, By Banking Cards (2020-2028) ($MN)
160 South America Payment Security Market Outlook, By Micropayments (2020-2028) ($MN)
161 South America Payment Security Market Outlook, By Mobile Payments (2020-2028) ($MN)
162 South America Payment Security Market Outlook, By Other Transaction Modes (2020-2028) ($MN)
163 South America Payment Security Market Outlook, By End User (2020-2028) ($MN)
164 South America Payment Security Market Outlook, By Travel and Hospitality (2020-2028) ($MN)
165 South America Payment Security Market Outlook, By Retail (2020-2028) ($MN)
166 South America Payment Security Market Outlook, By Healthcare (2020-2028) ($MN)
167 South America Payment Security Market Outlook, By IT and Telecom (2020-2028) ($MN)
168 South America Payment Security Market Outlook, By Education (2020-2028) ($MN)
169 South America Payment Security Market Outlook, By Media and Entertainment (2020-2028) ($MN)
170 South America Payment Security Market Outlook, By Other End Users (2020-2028) ($MN)
171 Middle East & Africa Payment Security Market Outlook, By Country (2020-2028) ($MN)
172 Middle East & Africa Payment Security Market Outlook, By Component (2020-2028) ($MN)
173 Middle East & Africa Payment Security Market Outlook, By Solution (2020-2028) ($MN)
174 Middle East & Africa Payment Security Market Outlook, By Tokenization (2020-2028) ($MN)
175 Middle East & Africa Payment Security Market Outlook, By Encryption (2020-2028) ($MN)
176 Middle East & Africa Payment Security Market Outlook, By Fraud Detection and Prevention (2020-2028) ($MN)
177 Middle East & Africa Payment Security Market Outlook, By Service (2020-2028) ($MN)
178 Middle East & Africa Payment Security Market Outlook, By Support Services (2020-2028) ($MN)
179 Middle East & Africa Payment Security Market Outlook, By Integration Services (2020-2028) ($MN)
180 Middle East & Africa Payment Security Market Outlook, By Consulting Services (2020-2028) ($MN)
181 Middle East & Africa Payment Security Market Outlook, By Other Components (2020-2028) ($MN)
182 Middle East & Africa Payment Security Market Outlook, By Organization Size (2020-2028) ($MN)
183 Middle East & Africa Payment Security Market Outlook, By Small and Medium-Sized Enterprises (2020-2028) ($MN)
184 Middle East & Africa Payment Security Market Outlook, By Large Enterprises (2020-2028) ($MN)
185 Middle East & Africa Payment Security Market Outlook, By Platform (2020-2028) ($MN)
186 Middle East & Africa Payment Security Market Outlook, By Wed-Based (2020-2028) ($MN)
187 Middle East & Africa Payment Security Market Outlook, By Point of Sale (POS)-Based (2020-2028) ($MN)
188 Middle East & Africa Payment Security Market Outlook, By Other Platforms (2020-2028) ($MN)
189 Middle East & Africa Payment Security Market Outlook, By Transaction Mode (2020-2028) ($MN)
190 Middle East & Africa Payment Security Market Outlook, By Digital Wallets (2020-2028) ($MN)
191 Middle East & Africa Payment Security Market Outlook, By Point of Sales (2020-2028) ($MN)
192 Middle East & Africa Payment Security Market Outlook, By Internet Banking (2020-2028) ($MN)
193 Middle East & Africa Payment Security Market Outlook, By Banking Cards (2020-2028) ($MN)
194 Middle East & Africa Payment Security Market Outlook, By Micropayments (2020-2028) ($MN)
195 Middle East & Africa Payment Security Market Outlook, By Mobile Payments (2020-2028) ($MN)
196 Middle East & Africa Payment Security Market Outlook, By Other Transaction Modes (2020-2028) ($MN)
197 Middle East & Africa Payment Security Market Outlook, By End User (2020-2028) ($MN)
198 Middle East & Africa Payment Security Market Outlook, By Travel and Hospitality (2020-2028) ($MN)
199 Middle East & Africa Payment Security Market Outlook, By Retail (2020-2028) ($MN)
200 Middle East & Africa Payment Security Market Outlook, By Healthcare (2020-2028) ($MN)
201 Middle East & Africa Payment Security Market Outlook, By IT and Telecom (2020-2028) ($MN)
202 Middle East & Africa Payment Security Market Outlook, By Education (2020-2028) ($MN)
203 Middle East & Africa Payment Security Market Outlook, By Media and Entertainment (2020-2028) ($MN)
204 Middle East & Africa Payment Security Market Outlook, By Other End Users (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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