Global PCI Compliance Software Market by Type (Cloud-Based, On-Premise), By Application (Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global PCI compliance software market is expected to grow from USD 1.02 billion in 2018 to USD 2.48 billion by 2030, at a CAGR of 12.8% during the forecast period. The growth of the PCI compliance software market can be attributed to the increasing number of data breaches and cyber-attacks, and the need for organizations to comply with PCI DSS standards. However, lack of awareness about PCI DSS among small enterprises is a major restraining factor for the growth of this market. Cloud-based PCI compliance software held a larger share than on-premise in 2017 and is expected to maintain its lead during the forecast period as well.



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Product Definition:

PCI Compliance Software is a type of software that helps businesses to become PCI compliant. This software can help to automate the process of becoming compliant and can also help businesses to stay compliant by providing regular reports on their compliance status. The importance of PCI Compliance Software lies in the fact that it can help businesses to protect their customers' data and avoid costly fines from credit card companies.

Cloud-Based:

Cloud-based solutions are expected to be widely used in the payment card industry (PCI) compliance software market over the forecast period. The growth of this segment can be attributed to various factors such as low cost, flexibility, and enhanced security. PCI DSS is a set of requirements that apply to all types of credit cards and debit cards. It has been put into effect for ensuring consumer data protection through effective management of security risks associated with electronic transactions.

On-Premise:

On-premise software is a type of software that is installed and used in the customer's own data center or server. The on-premise solution has its advantages such as easy to use, cost effective, secure and it gives control over all systems. It also helps to reduce the dependency on third party vendors which are very crucial for any business.

Application Insights:

The large enterprises segment dominated the global PCI compliance software market in 2017, accounting for over 60% of the overall revenue. The growth can be attributed to a rise in demand from organizations that have 1000 or more users across multiple locations. These organizations are at high-risk of suffering damages due to data breaches and hence, are adopting robust security solutions to minimize risks.

The small and medium-sized enterprise (SME) segment is expected register the fastest CAGR over the forecast period owing to an increase in awareness about online transactions and growing adoption of ecommerce platforms by SMEs across regions, especially Asia Pacific. An increasing number of SMEs opting for online transaction modes is resulting into increased exposure towards cyberattacks which, in turn, is driving demand for PCI compliance software among these companies.

Regional Analysis:

The Asia Pacific region is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government regulations and compliance demands in countries, such as China and India. For instance, in September 2017, Alibaba Group Holding Ltd., a Chinese e-commerce giant launched its cloud computing platform called Aliyun OS for data protection and PCI compliance needs of its more than 400 retail stores across China. Moreover, with increased focus on data security at both ends of the supply chain; from consumers to service providers; governments are taking various initiatives such as Information Security Management Systems (ISMS) certification requirements by governments like GaWC (Global Association of Women's Chats) or OSCORE requirements by organizations like Infosys Ltd., which provide information security services for small & medium enterprises in India among others that are driving this regional market growth.

Growth Factors:

Increasing demand for PCI compliance from small and medium-sized businesses (SMBs)
The increasing number of data breaches and the resulting penalties are driving organizations to adopt PCI compliance software
The growing trend of Bring Your Own Device (BYOD) is also contributing to the growth of PCI compliance software market
Rapid adoption of cloud-based solutions is also fueling the growth of PCI compliance software market
Emergence of new payment technologies such as mobile payments and contactless payments is expected to create new opportunities for the PCI compliance software market


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Scope Of The Report
Report Attributes
Report Details
Report Title
PCI Compliance Software Market Research Report
By Type
Cloud-Based, On-Premise
By Application
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
By Companies
TokenEx, ManageEngine, Cryptosense, HelpSystems, RECIPROCITY, SolarWinds, AlienVault, Cisco, SolarWinds Security Management, StandardFusion, HelpSystems, ControlScan, Fortify1, Power Admin, Qualys, Spreedly, RIPS Technologies, Promisec
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.

Global PCI Compliance Software Market Report Segments:
The global PCI Compliance Software market is segmented on the basis of:
Types
Cloud-Based, On-Premise
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
Large Enterprises(1000+ Users), Medium-Sized Enterprise(499-1000 Users), Small Enterprises(1-499 Users)
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:
TokenEx
ManageEngine
Cryptosense
HelpSystems
RECIPROCITY
SolarWinds
AlienVault
Cisco
SolarWinds Security Management
StandardFusion
HelpSystems
ControlScan
Fortify1
Power Admin
Qualys
Spreedly
RIPS Technologies
Promisec



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Highlights of The PCI Compliance Software 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:
Cloud-Based
On-Premise
By Application:
Large Enterprises(1000+ Users)
Medium-Sized Enterprise(499-1000 Users)
Small Enterprises(1-499 Users)
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 PCI Compliance Software 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
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



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

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