According to this latest publication from Meticulous Research®, the global payment security market is expected to grow at a CAGR of 16.5% from 2021–2028 to reach $54.1 billion by 2028. Significant rise in the adoption of digital payment modes, the necessity to adhere to stringent PCI DSS guidelines, and the rise in fraudulent activities across global e-commerce sectors are the major factors driving the growth of this market.