Market Highlights: Security of Payment refers to the system which is designed to ensure that the contractors and sub-contractors are paid even in the case of dispute. The payment done through any medium or over a website must be secured in case of payment security. The market of security related payment is increasing due to the advancement in technology of electronics, moreover mobile based payments like google pay and other kind of same is trending in the market, which is creating or opening the new door towards the [payment security The market study is being classified by Type (Mobile-Based Payment Security, Web-Based Payment Security and Pos-Based Payment Security), by Application (Securing Business Transactions, Protect Cardholder’s Data From Unauthorized Accesses, Payment Security Solutions in the Retail, Point-To-Point Encryption (P2PE) in healthcare and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Payment Security are Braintree (United States), Ingenico ePayments (Netherlands), Intelligent Payments (United Kingdom), GEOBRIDGE Corporation (United States), PayPal Holdings (United States), Elavon (United States), Index (United States), Shift4 Corporation (United States), Transaction Network Services (TNS) Inc. (United States), TokenEx, LLC (United States) and CyberSource Corporation (United States).
Major Market Development Highlights MasterCard partnered with IFC (a member of World Bank Group), to drive financial inclusion, updating a USD 250 million global risk-sharing facility to expand access to electronic payments in emerging markets and MasterCard and Dynamics Inc, collaborated to develop expanded suite of secure and feature-rich payment card solutions PayPal has launched Braintree Extend, which will make it possible for the merchants to extend their reach into other ecosystems and environments and to share payments data in a secure, compliant way
Key Questions Answered in the Report What will the Payment Security Market size and the growth rate be in Future? What are the key factors driving the Payment Security Market? What are the key market trends and macro-economic impacting the growth of the Payment Security Market? What are the challenges to market growth? Who are the key vendors in the Payment Security Market? What are the market opportunities and threats faced by the vendors in the Payment Security Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Payment Security Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Payment Security market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Payment Security market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Payment Security manufacturers, Original equipment manufacturers, Government agencies, Payment security vendors, Network solution providers, Independent software vendors, Consulting firms, System integrators, Research institutes and organizations, Technology standards organizations, Technology investors, Research institutes,, System Integrators and Research/Consultancy firms. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.