Global Payment Security Market by Platform (Mobile Based, Web Based, POS Based), by Component (Solution, Service), by Organization Size (Small & Medium Enterprises, Large Enterprises), and End user industry (Retail & Ecommerce, Healthcare, Telecom & IT, Travel & Hospitality, Entertainment, Education and Others): Opportunity Analysis and Industry Forecast, 2017-2027

Report Overview

The Global Payment Security Market was valued at US$ 18.5 Bn in 2020 and is expected to reach US$ 50.06 Bn by 2027, expanding at a CAGR of 16.1% during the forecast period.

The increasing number of digital payments, such as credit/debit payments, mobile wallets, and online payments, is expected to boost the payment security market over the forecast period. The growing number of data breaches is also one of the primary factors contributing to the payment security market's growth.

Payment Security Market Size

Apart from the development of the fintech industry, especially in high-growth regions of the world, the growth in the number of transactions using various methods has made the market unscalable to regulate. Additionally, technological innovations to ease the payment process have increased the need for heightened security protocols.

Moreover, rapidly increasing loyalty programs in the mobile wallet domain coupled with rising usage of e-wallet to make payments or send money by consumers are further enhancing the growth of mobile payments globally.

The research report analyses the ecosystem of the Payment Security market and categorizes the Payment Security Market to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.

  • By Platform
    • Mobile Based
    • Web-Based
    • POS Based
  • By Component
    • Solution
      • Encryption
      • Tokenization
      • Fraud Detection & Prevention
    • Service
      • Integration services
      • Support services
      • Consulting services
  • By Organization Size     
    • Small & Medium Enterprises
    • Large Enterprises
  • By End-User Industry
    • Retail & Ecommerce
    • Healthcare
    • Telecom & IT
    • Travel & Hospitality
    • Entertainment
    • Education
    • Others
  • By Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Company Profiles and Competitive Intelligence

The key players operating in the market are:

  1. Bluefin Payment Systems
  2. Braintree Payment Solutions, LLC (PayPal Holdings Inc.)
  3. CyberSource Corporation (Visa, Inc.)
  4. Elavon
  5. Index
  6. GEOBRIDGE Corporation
  7. SecurionPay
  8. Broadcom, Inc.
  9. Transaction Network Services (TNS), Inc.
  10. TokenEx LLC

By Platform, the Mobile-based is expected to witness a high growth rate during the forecast period

Based on platform, the global payment security market is segmented into mobile-based, web-based, and other platforms.

The mobile-based segment accounted for the largest market share in 2020, followed by web-based. The web-based market is expected to maintain its dominance throughout the analysis period (2017-2027) and is expected to grow at a high CAGR of 16.4% during the forecast period (2021-2027).

A major push towards the adoption of mobile payment is driven by the vendor's acceptance, as more and more businesses across the world are increasingly accepting mobile payment methods as one of the primary methods of payment.

Net banking and web-based transactions command significant share by the value of transactions; bank transfers are preferred in case of transactions involving large payments and cross border transactions as governments across the globe have various regulations and restrictions when it comes to cross border transactions.

By end user industry, the retail & e-commerce is estimated to be a larger application segment in the Payment security market in 2020

Retail & Ecommerce segment accounted for the largest market share in 2020, followed by healthcare. Retail & Ecommerce is expected to maintain its dominance throughout the analysis period (2017-2027) and is expected to grow at the CAGR of 15.9% during the forecast period (2021-2027).

The massive growth of the retail sector globally, predominantly the e-commerce sector, has led to an increasing number of online shoppers worldwide. Also, the adoption of digital solutions across the sector has led to increased POS terminals' adoption across retail outlets.

Furthermore, with the COVID-19 pandemic, 35% of the consumers are expected to be more likely to make their purchases online in 2021 in comparison to past few years, due to lockdown restrictions across the globe. Also, several eCommerce websites have mandated digital payment solutions, during the pandemic, as a safety measure to prevent the transmission of the virus. Hence, such trends are expected to boost the demand for payment security solutions globally.

By Region, the Asia Pacific is expected to grow with the highest CAGR during the forecast period.

The Asia-Pacific region, such as China and India, are adopting the digital mode of payment using the digital and mobile wallet. Emerging Asia (32%) made a significant contribution to record growth in non-cash transaction volume. The widespread adoption of a digital wallet, the increased success of the e-commerce platform, and innovation in mobile payments are driving the growth of payment security market. The adoption of QR code-based payments has accelerated the cashless revolution in the Asian market.

Competitive Landscape

The key players operating in the global payment security market includes Bluefin Payment Systems, Braintree Payment Solutions, LLC, CyberSource Corporation (Visa, Inc.), Elavon, Index, GEOBRIDGE Corporation, SecurionPay, Broadcom, Inc., Transaction Network Services (TNS), Inc., TokenEx LLC among others. The market dominance of these companies is characterized by their product portfolio, high investment in R&D activities, revenue, capital expenditure, employee strength, and geographical presence of companies.

The report also provides an in-depth analysis of market dynamics such as drivers, restraints opportunities, and challenges


  • Growing adoption of digital payment modes
  • Growing retail and e-commerce industry


  • Lack of trust in online payment modes


  • Usage of digital payment across varied industry verticals

The report also provides in-depth analysis of key market trends :

                                        Trends Impact
1 Increase in e-commerce activities across globe Positive
2 Increasing consumer preference to digital payments Positive
3 Increased spending by payment security provers in research and development (R&D) Positive

The report also provides in-depth analysis of recent News and Developments

  1. In April 2020, Bluefin Payment Systems as a part of strategic partnerships to expand its customer base announced a new partnership with Plug’n Pay Technologies, a leading secure internet authorization provider, to provide Plug’n Pay clients PCI, which is validated P2PE through the company’s WebXpress™ Processing Gateway
  2. In July 2020, Bluefin Payment Systems as a part of their new product development initiative announced the addition of their ShieldConex® data security platform to current and future Decryptx® P2PE integrations. This new addition offers the industry’s first payment-agnostic service for both PCI-validated point-to-point encryption (P2PE) at the point-of-sale (POS) and the protection of Personally Identifiable Information (PII), Personal Health Information (PHI), and payment data entered into online forms.

The unique insights provided by this report also includes the following:

  1. In-depth value chain analysis
  2. Opportunity mapping
  3. Sector snapshot
  4. Key Players Positioning Matrix
  5. Regulatory scenario
  6. Strategies Adopted-Benchmarking Heat Map
  7. Market trends
  8. Covid-19 impact analysis
  9. Product comparison
  10. Pre & Post COVID 19 impact on Payment Security Market
  11. Competitive Landscape

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Table of Contents

  1. Market Introduction
    1. Definition
    2. Scope Of The Study
    3. List Of Assumptions
    4. Market Structure
    5. Scope of the Study: Segmentation 
    6. Timeframe, Currency and Limitations
  2. Research Methodology
    1. 3P Research Approach
    2. Market Sizing Approach
    3. Data Sources
    4. Primary Research Coverage
  3. Executive Summary
    1. Market Summary
    2. Market Snapshot
    3. Regional Snapshot
    4. Country Snapshot
  4. Premium Insights
    1. Key Trend Analysis
    2. New revenue Pockets
    3. Pain Point Analysis
    4. Company Market Share Analysis, by Region
    5. Strategies Adopted-Benchmarking Heat Map
    6. Regulatory Landscape
    7. PESTEL Analysis
    8. Regional Lifecycle
    9. Competitive Benchmarking
  5. Market Overview & Competitive Landscape
    1. Competitive Landscape
    2. Investment Scenario by key Players
    3. Key Player Overview
    4. Product comparison
    5. Player Wise Geographic Presence
    6. Player Wise Target Customer Segment
    7. Recent News
      1. Product Launches & upgrades
      1. R&D / Innovation
      2. Merger & Acquisition
      3. JV & Partnership
      4. Recognition and others
  1. Market Segmentation (Market Size and Share Analysis)
    1. Global Market Size & Historic Growth
    2. Market Size by Platform
      1. Mobile-Based
      1. Web-Based
      2. POS Based
    1. Market Size by Component
      1. Solution
      1. Service
    1. Market Size by Organization Size
      1. Small & Medium Enterprises
      1. Large Enterprises
    1. Market Size by End user industry
      1. Retail & Ecommerce
      1. Healthcare
      2. Telecom & IT
      3. Travel & Hospitality
      4. Entertainment
      5. Education
      6. Others


  1. Market Dynamics
    1. Market Drivers
    2. Opportunities
    3. Value Chain Analysis
    4. Pricing Analysis
  2. COVID – 19 Opportunity Mapping
    1. Key Drivers & Anticipated Revival Period
    2. Key Trends Analysis
    3. Impact on End user Industry
    4. Opportunity Analysis
  3. Regional Market Analysis
    1. North America
      1. US
      2. Canada
    2. Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
    3. APAC
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    4. Latin America
      1. Mexico
      2. Brazil
      3. Argentina
      4. Rest of LATAM
    5. Middle East & Africa
      1. GCC
      2. Rest of MEA
  4. Company Profiles
    1. Bluefin Payment Systems
      1. Company Fundamentals
      2. Financial Analysis (Subject to Availability)
      3. Product Portfolio
      4. SWOT Analysis
    2. Braintree Payment Solutions, LLC (PayPal Holdings Inc.)
    3. CyberSource Corporation (Visa, Inc.)
    4. Elavon
    5. Index
    6. GEOBRIDGE Corporation
    7. SecurionPay
    8. Broadcom, Inc.
    9. Transaction Network Services (TNS), Inc.
    10. TokenEx LLC
    11. Other Notable Players
      1. Signifyd, Inc.
      1. Shift4 Corporation
      2. Ingenico Group
      3. Intelligent Payments



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