Payment Security Market Growth, Demand and Challenges of the Key Industry Players 2024-2032
                     Global Payment 
Security Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
A c c o r d i n g  t o  t h e  l a t e s t  r e p o r t  b y  IM A R C  Gr o u p ,  t i t l e d  " P a y m e n t  S e c u r i t y  M a r k e t :  G l o b a l  
In d u s t r y  T r e n d s ,  S h a r e ,  S i z e ,  G r o w t h ,  O p p o r t u n i t y  a n d  F o r e c a s t  2 0 2 4 -
2 0 3 2 , "  t h e  g l o b a l  p a y m e n t  s e c u r i t y  m a r k e t  s i z e  r e a c h e d  U S $  2 7 . 2  B i l l i o n  i n  2 0 2 3 .
P a y m e n t  s e c u r i t y  r e p r e s e n t s  a  r a n g e  o f  p r o t o c o l s ,  r e g u l a t i o n s ,  a n d  i n f o r m a t i o n  p r o t e c t i o n  
t e c h n o l o g i e s ,  w h i c h  a r e  d e s i g n e d  t o  p r o t e c t  u s e r  d a t a  b y  i n h i b i t i n g  u n a u t h o r i z e d  
Report t r a n s a c t i o n s ,  mo n e ta r y  f r a u d s ,  a n d  d a t a  b r e a c h e s .  I t  e n c o m p a s s e s  a n t i - m a l w a r e ,  e n d p o i n t  
s e c u r i t y ,  r i s k  a n d  c o m p l i a n c e  m a n a g e m e n t ,  i n t r u s i o n  d e te c t i o n ,  a n d  i d e n t i t y  a n d  a c c e s s  
m a n a g e m e n t  a s  s t a n d a r d  a p p r o a c h e s .  
Highlight and T h e s e  p r a c t i c e s  e m p l o y  d a t a  e n c r y p t i o n ,  f i r e w a l l s ,  a n d  d a t a  l o s s  p r e v e n t i o n  ( D L P )  
p r o t o c o l s  t o  e n s u r e  s e c u r e d  o n l i n e  m o n e t a r y  t r a n s fe r ,  r e v e a l  v u l n e r a b i l i t i e s ,  a n d  s e c u r e  
e n t r y  p o i n t s  o f  e n d  u s e r  d e v i c e s  s u c h  a s  d e s k t o p s ,  l a p t o p s ,  a n d  m o b i l e  d e v i c e s .  A p a r t  
Description f r o m  t h i s ,  p a y m e n t  s e c u r i t y  a s s i s t s  i n  e n s u r i n g  h a s s l e - f r e e  t r a n s a c t i o n s ,  p r o v i d i n g  o p t i m a l  
s e c u r i t y ,  m i t i g a t i n g  f i n a n c i a l  d a t a  l o s s ,  a u th e n t i c a t i n g  d i g i t a l  s i g n a t u r e s ,  a n d  o f f e r i n g  
b e t t e r  c u s to m e r  e x p e r i e n c e s .  C o n s e q u e n t l y ,  p a y m e n t  s e c u r i t y  i s  e x te n s i v e l y  u s e d  b y  s m a l l  
a n d  m e d i u m  e n t e r p r i s e s  ( S ME s )  t o  a u t o m a t e  b u s i n e s s  o p e r a t i o n s .
R e q u e s t  f o r  a  P D F  s a m p le  o f  t h is  r e p o r t :  
h t t p s : / / w w w . i m a r c g r o u p . c o m /p a y me n t - s e c u r i t y - m a r k e t / r e q u e s t s a m p l e
Report Description
G l o b a l  P a y m e n t  S e c u r i t y  M a r k e t  T r e n d s :
T h e  w i d e s p r e a d  a d o p t i o n  o f  p a y m e n t  s e c u r i t y  s o l u t i o n s  a c r o s s  v a r i o u s  i n d u s t r i a l  v e r t i c a l s ,  e s p e c i a l l y  i n  t h e  b a n k i n g  f i n a n c i a l  s e r v i c e s  
a n d  i n s u r a n c e  ( B F S I )  c a n  b e  a t t r i b u t e d  t o  t h e  i n c r e a s i n g  u s a g e  o f  d i g i t a l  p a y m e n t  a p p r o a c h e s  a n d  t h e  n e e d  f o r  s t r e a m l i n i n g  o r  
a u t o m a t i n g  f i n a n c e  m a n a g e m e n t  o p e r a t i o n s .  T h i s  i s  f u r t h e r  s u p p o r t e d  b y  t h e  e x t e n s i v e  u t i l i z a t i o n  o f  n o v e l  s e c u r i t y  s y s t e m s  t o  e n s u r e  
a c c u r a t e  d a t a  r e c o r d s  m a n a g e m e n t  a c r o s s  r e c u r r i n g  p r o c e d u r e s ,  i n c l u d i n g  i n v o i c i n g  a n d  r e c o n c i l i a t i o n ,  a n d  i m p r o v e  f u n c t i o n a l  e f f i c a c y .  
I n  l i n e  w i t h  t h i s ,  t h e  r i s i n g  s e c u r i t y  c o n c e r n s  a n d  t h e  g r o w i n g  i n s t a n c e s  o f  c y b e r - a t t a c k s  a n d  v a r i o u s  f r a u d u l e n t  a c t i v i t i e s ,  s u c h  a s  
h a c k i n g ,  a n d  d a t a  b r e a c h e s  h a s  f a c i l i t a t e d  t h e  l a r g e - s c a l e  i n c o r p o r a t i o n  o f  p a y m e n t  s e c u r i t y  s o l u t i o n s  i n  e n t e r p r i s e s  t o  e n s u r e  o p t i m a l  
t r a n s p a r e n c y .  A d d i t i o n a l l y ,  t h e  u s a g e  o f  e - c o m m e r c e  p l a t f o r m s ,  e s p e c i a l l y  d u r i n g  t h e  C O V I D - 1 9  p a n d e m i c  h a s  s u p p l e m e n t e d  t h e  
p r o d u c t  d e m a n d ,  w h i c h  i s  a c t i n g  a s  a n o t h e r  g r o w t h - i n d u c i n g  f a c t o r .  M o r e o v e r ,  t h e  l a r g e - s c a l e  i n t e g r a t i o n  o f  a r t i f i c i a l  i n t e l l i g e n c e  ( A I ) ,  
m a c h i n e  l e a r n i n g  ( M L ) ,  a n d  t h e  I n t e r n e t  o f  T h i n g s  ( I o T )  t o  e x a m i n e  d a t a  v u l n e r a b i l i t i e s ,  m i t i g a t e  r i s k s ,  a n d  i m p r o v e  a c c u r a c y  w h i l e  
a d h e r i n g  t o  r e g u l a t o r y  c o m p l i a n c e  i s  i m p e l l i n g  t h e  m a r k e t  g r o w t h .  O t h e r  f a c t o r s ,  s u c h  a s  t h e  i m p l e m e n t a t i o n  o f  p a y m e n t  c a r d  i n d u s t r y  
a n d  d a t a  s e c u r i t y  s t a n d a r d s  a n d  s t r a t e g i c  c o l l a b o r a t i o n s  a m o n g s t  k e y  p l a y e r s  t o  s t r e n g t h e n  s e c u r i t y  i n f r a s t r u c t u r e  a r e  p o s i t i v e l y  
s t i m u l a t i n g  t h e  m a r k e t  g r o w t h .
L o o k i n g  f o r w a r d ,  t h e  m a r k e t  i s  a n t i c i p a t e d  t o  r e a c h  a  v a l u e  o f  U S $  8 0 . 2  B i l l i o n  b y  2 0 3 2 ,  g r o w i n g  a t  a  C A G R  o f  1 2 . 5 %  d u r i n g  
2 0 2 4 - 2 0 3 2 .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / p a y m e n t - s e c u r i t y - m a r k e t
Breakup by Component:
• Solut ion
o Encryption
o Tokenizat ion
o Fraud Detect ion and Prevention
• Service
 
Report Breakup by Platform:
• Web-based
Segmentation • POS-based
Breakup by Enterprise Size:
• Smal l  and Medium-sized Enterpr ises
• Large Enterprises
Breakup by End User:
• BFSI
• Government and Uti l i t ies
• IT and Telecom
• Healthcare
• Retai l  and E-Commerce
• Media and Entertainment
• Travel  and Hospital i ty
Report • Others
Segmentation Breakup by Region:
• North America
• Asia-Pacifi c
• Europe
• Latin America
• Middle East and Afr ica
• Bluefi n Payment Systems LLC
• Broadcom Inc.
• Cybersource (Visa Inc.)
Competitive • Elavon Inc.  (U.S. Bancorp)
• Ingenico (Worldl ine)
Landscape • PayPal  Holdings Inc.
with Key • SecurionPay
Players • Shift4 Payments
• Signifyd
• SISA Information Security
• TokenEx
• VeriFone Inc.
What was the size of the global payment security 
market in 2023?
What is the expected growth rate of the global 
payment security market during 2024-2032?
Key What are the key factors driving the global 
payment security market?
Questions 
Answered in What has been the impact of COVID-19 on the global payment security market?
the Report
What is the breakup of the global payment security 
market based on the component?
What is the breakup of the global payment security 
market based on the platform?
What is the breakup of the global payment security 
market based on the enterprise size?
What is the breakup of the global payment security 
market based on the end user?
Key What are the key regions in the global payment 
security market?
Questions 
Answered in Who are the key players/companies in the global payment security market?
the Report
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  P a y m e n t  S e c u r i t y  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  C o m p o n e n t
    6 . 1     S o l u t i o n
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  K e y  S e g m e n t s
           6 . 1 . 2 . 1  E n c r y p t i o n
           6 . 1 . 2 . 2  T o k e n i z a t i o n
           6 . 1 . 2 . 3  F r a u d  D e t e c t i o n  a n d  P r e v e n t i o n
        6 . 1 . 3  M a r k e t  F o r e c a s t
    6 . 2     S e r v i c e
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
       
7    M a r k e t  B r e a k u p  b y  P l a t f o r m
    7 . 1     W e b - b a s e d
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     P O S - b a s e d
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  E n t e r p r i s e  S i z e
    8 . 1     S m a l l  a n d  M e d i u m - s i z e d  E n t e r p r i s e s
        8 . 1 . 1  M a r k e t  T r e n d s
Table of         8 . 1 . 2  M a r k e t  F o r e c a s t    8 . 2     L a r g e  E n t e r p r i s e s
        8 . 2 . 1  M a r k e t  T r e n d s
        8 . 2 . 2  M a r k e t  F o r e c a s t
Contents 9    M a r k e t  B r e a k u p  b y  E n d  U s e r    9 . 1     B F S I
        9 . 1 . 1  M a r k e t  T r e n d s
        9 . 1 . 2  M a r k e t  F o r e c a s t
    9 . 2     G o v e r n m e n t  a n d  U t i l i t i e s
        9 . 2 . 1  M a r k e t  T r e n d s
        9 . 2 . 2  M a r k e t  F o r e c a s t
    9 . 3     I T  a n d  T e l e c o m
        9 . 3 . 1  M a r k e t  T r e n d s
        9 . 3 . 2  M a r k e t  F o r e c a s t
    9 . 4     H e a l t h c a r e
        9 . 4 . 1  M a r k e t  T r e n d s
        9 . 4 . 2  M a r k e t  F o r e c a s t
    9 . 5     R e t a i l  a n d  E - C o m m e r c e
        9 . 5 . 1  M a r k e t  T r e n d s
        9 . 5 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. i m a rc g ro u p . c o m / p a y m e n t - s e c u r i t y - m a r ke t / t o c
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