Report Code: A08622 | Pages: NA | ||
Tables: NA | Charts: NA |
|
Payment security software is defined as the function that provides security and regulations in order to protect customer’s privacy, data, and money involved.  The payment security software is widely used to avoid identity theft. The software includes all the online financial transaction by using data encryption, data loss prevention and firewall. It usually consists of instruction detection, firewall, endpoint security and anti-malware, thus offering highest level of security with complete encryption and various layers of fraud prevention tools.
COVID-19 scenario Analysis:
Growing demand for payment security form online and e-commerce companies, major digital transformation of payment methods, increased fraudulent activities in e-commerce, rise in the adoption of mobile payment, and growing number of internet users are some of the key driving factors of this payment security software market. However, lack of trust on online payments and high cost of these solutions may hinder the growth of the market. Furthermore, growing use of payment application among every sector is opportunistic for the market.Â
Increase in number of wireless technologies also increases rate of adoption of wireless payments. These wireless technologies include wireless broadband, Bluetooth, wireless fidelity, long term evolution and deployment of 5G technologies. With the adoption of payment security software offers a platform of enhanced secure payments. Thus, increasing use of wireless payment may bring a huge number of opportunities in the upcoming years.Â
Due to the major shift towards the digital transformation, the online payment market is experiencing a significant growth in the pattern of financial transactions, which is shifting towards cashless economy. The ongoing digitization across each sector is leading to high investments in the development and the deployment of new technologies which is encouraging the vendors to come up with technical competence to ensure secure, fast, and easy financial transaction and exchange of information over the Internet. As online payment is open to a number of security threats, the need for payment security software will increase to prevent the losses incurred due to frauds and data breaches which fuels the payment security software market growth.
Key benefits of the report:
Payment Security Software Market Report Highlights
Aspects | Details |
---|---|
By Component Type |
|
By Mode of Payment Type |
|
By Organizational Size |
|
By Industry Vertical |
|
By Region |
|
Key Market Players | MagTek Inc., Symantec Corp., Cyber Source Corp., GEOBRIDGE Corp., Transaction network services Inc., Vasco Data security International Inc., Index systems Inc., Shift 4 Corp., CA Technologies, UL Transaction security. |
Loading Table Of Content...
Start reading.
This Report and over 71,213+ more Reports, Available with Avenue Library. T&C*.
10%
Discount
10%
Discount
15%
Discount
15%
Discount
Enterprise
License/PDF
20%
Discount
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of the scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time for readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers