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Payment Security Solution Market - Growth and Recent Trends by Forecast to 2023
Payment Security Market Research Report Forecast till 2023


Payment Security Solution
BriefingWire.com, 9/16/2020 - Market Synopsis

The global payment security market is estimated to value USD 27 billion by 2023 with a CAGR of 17% from 2017-2023. The global payment security market 2020 is estimated to experience a rise in expansion in the forthcoming years. The payment security system is expanding due to the rising numbers of e-Commerce and m-commerce transactions. Additionally, tokenization technology is a unique concept to this market that facilitates and secures payment security and provides a simpler payment process. It provides customer authentication without bringing any impact on the transaction’s security.

Segmentation

On the basis of end-user, the global payment security market is classified into BFSI, Travel and hospitality, Healthcare, IT and telecom, and others.

On the basis of components, the global payment security market is classified into solutions and services. Further, the solution is sub-divided into Fraud detection and prevention, Encryption, Encryption. Service can be further sub-divided into Consulting services, Support services, and Consulting services.

On the basis of organization size, Payment Security Solution Market is classified into Small and Medium-Sized Enterprises (SMEs) and Large Enterprises and others.

Key Players

The distinguished players in the global payment security market are CyberSource Corporation (US), Ingenico ePayments (Netherlands), TokenEx, LLC (US), Intelligent Payments (Gibraltar), Index (US), Transaction Network Services (TNS) Inc. (US), Shift4 Corporation (US), GEOBRIDGE Corporation (US), Braintree (US), Elavon (US), and others.

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