Press release
Payment Security Software Market 2018- Digital Transformation in Payment Methods to Fuel Demand for Payment Security Software
“The increasing number of cashless transactions is the main factor behind the rising demand for payment security software across the world,” says a FGR analyst. With the ongoing digital transformation, the payment market is witnessing a significant change in the pattern of financial transactions, which is shifting towards cashless increasingly.
The digitization across industries is leading to high investments in the development and the deployment of new technologies, encouraging them to come up with technical competence that ensure fast, secure, and easy financial transaction and exchange of information over the Internet. As online payment is susceptible to a number of security threats, the need for payment security software is increasing constantly to prevent the losses incurred due to frauds and data breaches.
Increasing Investment in Payment Security Technology to Ensure North America’s Lead
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In terms of the geography, the global market for payment security software reports its presence across Asia Pacific, South America, the Middle East and Africa, Europe, and North America. With nearly 38% shares, North America has emerged as the market leader. The high adoption rate of online medium of payments is the key factor behind the growth of this regional market. Apart from this, the presence of a large pool of payment security software providers in North America also supports this market considerably.
The ongoing shift towards cashless economy is also influencing the growth of this market substantially, as non-banking players are adopting various cashless transaction platforms, such as digital wallets, mobile money, and virtual currencies. Overall, the future of the global payment security software market looks bright.
Industry Overview
A market intelligence report on the global market for Payment Security Software has been added to enable key stakeholders in it to bet right on the market and thus improve their profit margins. The exhaustive report furnishes information on how the market for Payment Security Software will evolve over the course of years. It discusses its vendor landscape and tries to gauge its growth path over the course of the next couple of years.
Currently, security information and event management (SIEM) software reports a greater demand from end users and this trend is projected to continue over the next few years. Among end users, the banking, financial services, and insurance (BFSI) sector is registering a high adoption of this software. Mobile payments have surfaced as the most preferred mode of payment for cashless transaction, which is reflected on demand for payment security software in this segment.
Thanks to the increased uptake of online payment methods, North America has emerged as the leading regional market for payment security software. With the rising investment in online payment technology, this market is anticipated to retain its position over the period of the forecast, states the research report.
Top Market Player’s
This report studies the global Payment Security Software market, analyzes and researches the Payment Security Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Symantec Corporation, Intel Corporation, Cisco Systems, Inc., CA, Inc., Trend Micro, Incorporated, Gemalto NV, Transaction Network Services, HCL Technologies Limited, VASCO Data Security International, Inc., Thales e-Security
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Market Segments
Market segment by Regions/Countries, this report covers
• United States
• EU
• Japan
• China
• India
• Southeast Asia
Market segment by Type, the product can be split into
• Mobile Payment Security Software
• Point-of-Sale (PoS) Systems and Security
• Online Payment Security Software
Market segment by Application, Payment Security Software can be split into
• Banking, Financial Services and Insurance
• Retail
• Healthcare
• Others
About Us
Future Generic Reports is a market research and consulting organization, offering premium collection of market research reports, custom research and consulting services to corporations, no-profit organizations and government institutions across the globe.
The wide range of information is presented by a team of well-trained researchers of specific sectors through exhaustive research. We deliver premier market research services that cover all industry verticals, including chemicals and material, automotive, healthcare, electronics & semiconductor, food and beverage, pharmaceuticals and technology and media.
We believe in building an eternal bond with our clients through offering them inclusive research study meeting their specific requirements. Our services are tailored specifically to our clients by proposing them the potential outcome, based on our in-depth analysis and insights for exploring the growth strategies through providing the best possible decision for quality production.
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