Payment Security Market 2022 Report On – Strategic Acquisitions and Collaborations among Industry Players to Spur Growth, Trend, Size, Share, Revenue, Drivers, Value and Volume Analysis 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Payment Security Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Payment Security Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Payment Security Market products.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078241

Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.

The Payment Security Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Payment Security Industry was valued at USD 10.29 Billion in the year 2017. Global Payment Security Industry is further estimated to grow at a CAGR of 15.02% from 2017 to reach USD 31.82 Billion by the year 2025. North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period.

At a country level, developed markets like the U.S. as well the emerging markets like China with highest population base holds the notable Industry share in 2017 and it is projected to grow at a gradual pace in the coming years.

SWOT Analysis of Payment Security Industry:
Strength:

Increasing use of digital modes of payment
Weakness:
Lack of trust on online transactions
Opportunities:
Increasing use of different payment methods across various industry sectors
Threats:
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 Industry share during the forecast period.

Major market players in Payment Security Industry are Cybersource, Bluefin Payment Systems,
Elavon, Braintree, Index, Intelligent Payments, Ingenico Epayments, Transaction Network Services Inc., Signifyd, Sisa Information Security, Geobridge Corporation, Shift4 Corporation and 10 more companies’ information is provided in research report.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078241

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

• USA
• Canada

Europe

• Germany
• U.K.
• France
• Italy
• Rest of Europe

APAC

• China
• India
• Japan
• Rest of Asia-Pacific

RoW

• Latin America
• Middle East & Africa

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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