Market Overview:
The global digital payment security suite market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of digital payments, rising cyber-attacks and data breaches, and growing need for secured payment transactions. Based on type, the global digital payment security suite market can be segmented into mobile payment security suite, online payment security suite, and others. Among these segments, the mobile payment security suite segment is expected to witness highest growth during the forecast period owing to increasing adoption of smartphones and other mobile devices for making payments. Based on application, the global digital payment security suite market can be divided into banking & financial services & insurance (BFSI), retail sector, healthcare sector,, government sector,, transportation sector,, education sector,, media & entertainment industry,.and others sectors. Among these segments,..
Product Definition:
A digital payment security suite is a comprehensive set of tools used to protect digital payments from unauthorized access or theft. The importance of using a digital payment security suite is that it can help protect consumers' financial information and ensure the safety of their transactions.
Mobile Payment Security Suite:
Mobile payment security suite is a collection of technologies and products that secure mobile transactions. It helps in preventing frauds, thefts, and other crimes during the transaction process. The suite consists of four parts such as analytics, protection, prevention & reporting which are used by both retailers and consumers for ensuring safe payments.
Online Payment Security Suite:
Online Payment Security Suite is a software suite that helps in securing online payment transactions. It provides an array of features such as fraud detection, chargeback prevention, PCI DSS compliance and secure data encryption to protect sensitive consumer information during online transactions.
The global Online Payment Security Suite and it's used in Digital Payment Security Suite market size was valued at USD 652.2 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
The banking application segment led the global digital payment security suite market in 2017 and is projected to maintain its dominance over the forecast period. The growing adoption of e-banking platforms and rising concerns about data breaches, frauds, and robberies are some of the factors driving this segment growth. For instance, according to a survey conducted by PwC in 2018, around 92% of banks have experienced cyberattacks leading to loss or theft of customer data. Furthermore, as per GSM Association (GSMA), there were more than 1 billion unique mobile subscribers globally at end-2016 while approximately 2.1 billion unique mobile subscriptions were added during 2017 alone across Europe & Asia Pacific regions which indicates a significant rise in number of users worldwide for both online & mobile banking transactions.
Regional Analysis:
The market in Asia Pacific is expected to grow at a rapid pace over the forecast period. The growth can be attributed to increasing adoption of digital payment technologies across emerging economies, such as India and China. In 2016, these countries accounted for more than 50% of the global internet users and 40% of global smartphone users. Thus, it has become essential for banks operating in these markets to offer digital payment solutions so that they can remain competitive in an increasingly saturated marketplace. Moreover, growing awareness regarding online security among consumers is driving regional demand for secure digital payments platforms over the forecast period.
The region has also been witnessing significant developments around mobile payments since 2014 when Apple Inc., Google LLC (Alphabet), Samsung Electronics Co., Ltd.
Growth Factors:
- Increasing demand for secure digital payment solutions from consumers and businesses
- Proliferation of mobile devices and the increasing use of mobile payments
- The need for better security to combat cybercrime and data breaches
- The growth of e-commerce and m-commerce transactions
- Regulatory requirements for enhanced payment security
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Payment Security Suite Market Research Report
By Type
Mobile Payment Security Suite, Online Payment Security Suite, Others
By Application
Banking, Financial Services and Insurance, Retail, Others
By Companies
Appgate, Splunk, Akamai Technologies, SnoopWall, Zscaler, StrikeForce Technologies, Fortinet, Symantec, Digital Guardian, Axway, MobileIron, Veracode, VMware, Entrust, NowSecure
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Digital Payment Security Suite Market Report Segments:
The global Digital Payment Security Suite market is segmented on the basis of:
Types
Mobile Payment Security Suite, Online Payment Security Suite, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Financial Services and Insurance, Retail, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Appgate
- Splunk
- Akamai Technologies
- SnoopWall
- Zscaler
- StrikeForce Technologies
- Fortinet
- Symantec
- Digital Guardian
- Axway
- MobileIron
- Veracode
- VMware
- Entrust
- NowSecure
Highlights of The Digital Payment Security Suite Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mobile Payment Security Suite
- Online Payment Security Suite
- Others
- By Application:
- Banking, Financial Services and Insurance
- Retail
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Payment Security Suite Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital Payment Security Suite is a suite of products that helps protect digital payments from fraud and theft. It includes a payment gateway, fraud monitoring, and security scanning tools.
Some of the key players operating in the digital payment security suite market are Appgate, Splunk, Akamai Technologies, SnoopWall, Zscaler, StrikeForce Technologies, Fortinet, Symantec, Digital Guardian, Axway, MobileIron, Veracode, VMware, Entrust, NowSecure.
The digital payment security suite market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Payment Security Suite Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Payment Security Suite Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Payment Security Suite Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Payment Security Suite Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Payment Security Suite Market Size & Forecast, 2020-2028
4.5.1 Digital Payment Security Suite Market Size and Y-o-Y Growth
4.5.2 Digital Payment Security Suite Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mobile Payment Security Suite
5.2.2 Online Payment Security Suite
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Financial Services and Insurance
6.2.3 Retail
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Payment Security Suite Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Payment Security Suite Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mobile Payment Security Suite
9.6.2 Online Payment Security Suite
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Financial Services and Insurance
9.10.3 Retail
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mobile Payment Security Suite
10.6.2 Online Payment Security Suite
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Financial Services and Insurance
10.10.3 Retail
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mobile Payment Security Suite
11.6.2 Online Payment Security Suite
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Financial Services and Insurance
11.10.3 Retail
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mobile Payment Security Suite
12.6.2 Online Payment Security Suite
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Financial Services and Insurance
12.10.3 Retail
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mobile Payment Security Suite
13.6.2 Online Payment Security Suite
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Financial Services and Insurance
13.10.3 Retail
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Payment Security Suite Market: Competitive Dashboard
14.2 Global Digital Payment Security Suite Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Appgate
14.3.2 Splunk
14.3.3 Akamai Technologies
14.3.4 SnoopWall
14.3.5 Zscaler
14.3.6 StrikeForce Technologies
14.3.7 Fortinet
14.3.8 Symantec
14.3.9 Digital Guardian
14.3.10 Axway
14.3.11 MobileIron
14.3.12 Veracode
14.3.13 VMware
14.3.14 Entrust
14.3.15 NowSecure
