Payment Security - Global Market Analysis & Forecast (2018-2023): Expected to Grow at a CAGR of 15.24%, Reaching a Market Value of $27 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 14, 2018--The “Global Payment Security Market (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.Global payment security market would grow to 27.01 billion in 2023 at a CAGR of 15.24%.The growing propagation of smartphones, acceptance of wearable technology, cumulative adoption of m-commerce and e-commerce, by banking and financial services, the entrance of the technology companies and accessibility of a diverse payment technology solutions are predicted to drive the industry in spite of technological, financial and security challenges restraining the ecosystem in several key market regions.
Asia continues to lead in mobile payments, with consumers embracing digital wallets on a huge scale, banks and businesses have transformed their payment infrastructures to support this surge.Governments are endorsing the growth in card acceptance infrastructure and in turn, growing debit and credit card usage in evolving markets. ATM and bank branches in countries including Brazil, Mexico, Argentina and other countries are expected to reduce in the forecasted years.
Key Growth Factors
Banks are using technologies and modernization initiatives such as open Application Program Interfaces (API), blockchain, instant payments and mobile wallets to enhance the customer experience, in turn leading to the increase in the demand for the payment security.
Due to the widespread use of smartphones, mobile banking and payments applications have gone mainstream, and wearables provide convenient access to such applications.
ThreatsPayments business has become increasingly competitive. Growth in trade and investment flows between Asia and other parts of the world are a driving demand for cross-border payments. However, new regulations and compliance requirements along with the current payment infrastructure do not support the more complex and holistic requirements of new regulations.Companies ProfiledBluefinSISAPaygilantIngenico GroupThreatMarkCybersourceBraintreeElavonIntelligent PaymentsShift4 Payments
Key Topics Covered
Chapter 1. Executive Summary
Chapter 2. Introduction - Market Overview
Chapter 3. Global Payment Security - North America
Chapter 4. Global Payment Security - Europe
Chapter 5. Global Payment Security - Asia Pacific
Chapter 6. Global Payment Security - Latin America
Chapter 7. Global Payment Security - The Middle East and Africa
Chapter 8. Company Profiles
Chapter 9. Conclusion
For more information about this report visit https://www.researchandmarkets.com/research/9ncq76/payment_security?w=4
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Related Topics:Mobile and Contactless Payments
INDUSTRY KEYWORD: TECHNOLOGY SECURITY
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/14/2018 04:52 AM/DISC: 11/14/2018 04:52 AM