TMCnet News
Global Payment Security Market 2018-2025 with Braintree, CyberSource, Ingenico, and Index DominatingDUBLIN, Aug. 13, 2018 /PRNewswire/ -- The "Payment Security Market Size, Share & Trends Analysis Report By Solution (Fraud Detection & Prevention, Encryption, Tokenization), By Platform, By Organization (Large, SMOs), By Application, And Segment Forecasts, 2018 - 2025" report has been added to ResearchAndMarkets.com's offering. The global payment security market size is expected to reach USD 43.76 billion by 2025, progressing at a CAGR of 12.3% during the forecast period. Rising need for PCI DSS (payment card industry data security standard) compliance and adoption of digital payment mode by consumers are likely to stoke the growth of the market. The payments industry is going through a movement of infrastructure transformation, which is essential to compete efficiently with non-bank trendsetters and address progressing customer requirements. Over the past few years, major economies have modernized their payment infrastructures and many others are scheduling to upgrade. Digital payments aid merchants in maintaining continuous compliance with PCI DSS, which is further anticipated to bolster the growth of the payment security market. In March 2015, Worldpay noted over 133,000 fraudulent transactions reported, which interpreted stolen card details being used every 20 seconds. Thus, payment security providers help its customer's systems to protect itself from threats and aim to provide secure businesses by getting them to comply with PCI DSS. Therefore, the payment security market is estimated to be driven by the adoption of PI DSS compliance. Fraud detection and prevention solutions hold the largest share in the overall market. These solutions provide various fraud analytics solutions such as big data and predictive analytics. Big data and predictive analytics helps to detect and avoid frauds. Key players include Braintree, CyberSource, Ingenico, and Index among others. These players commanded the leading revenue share in the market in 2017. Further key findings from the report suggest:
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/research/tdvm34/global_payment?w=5 Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager. Media Contact: Laura Wood, Senior Manager View original content:http://www.prnewswire.com/news-releases/global-payment-security-market-2018-2025-with-braintree-cybersource-ingenico-and-index-dominating-300696108.html SOURCE Research and Markets |