Global Payment Security Market was valued at USD 10.28 Billion in the year 2017. Global Payment Security Market is further estimated to grow at a CAGR of 15.03% from 2017 to reach USD 27.39 Billion by the year 2023. North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level, developed markets like US as well the emerging markets like China with highest population base holds the notable market share in 2017 and it is projected to grow at a gradual pace in the coming years.
CyberSource Corporation (US), Elavon (US), Index (US), Ingenico ePayments (Netherlands), Transaction Network Services (TNS) Inc. (US), and TokenEx, LLC (US) are some of the key players in the Payment Security Market with CyberSource Corporation holding the substantial market share because of its better technological advancements and global reach.
Technological upgradation to cater changing demand of end users, similarly growth strategies such as acquisition & merger were few techniques adopted by most of the top players in last 5 years.

Drivers:
Increasing use of digital modes of payment
Restraints:
Lack of trust on online transactions
Opportunities:
Increasing use of different payment methods across various industry sectors
Challenges:
Lack of awareness among potential customers
Between Hospitality, Telecom and IT, Education, Healthcare, Retail, Media & Entertainment; Retail segment because of the growing popularity and availability is expected to hold the highest market share during the forecast period.
The Educational segment is also expected to grow at the highest CAGR of XXX% during year 2018-2023.

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Key Benefits for Stakeholders
Payment Security Solutions & Service Providers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.

By Industry Sector
Hospitality
Telecom and IT
Education
Healthcare
Retail
Media & Entertainment

By Component
Solutions
Fraud Detection
Encryption
Tokenization
Services
Consulting Services
Support Services

By Region
North America
Europe
Asia-Pacific
ROW

Key Market Players
Cybersource
Bluefin Payment Systems
Elavon
Braintree
Index
Intelligent Payments
Ingenico Epayments
Transaction Network Services Inc.
Signifyd
Sisa Information Security
Geobridge Corporation
Shift4 Corporation
(Another brief information of 13 companies will provided in report)

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