Home > Media & Technology > Information Technology > IT Software > Payment Security Market

Payment Security Market Share

Report ID: GMI7013
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Payment Security Market Share

Ingenico Group, (Apollo Funds) and Cybersource, (Visa Inc.) dominate the market due to their well-established reputation, extensive global networks, and comprehensive offerings. Ingenico Group offers robust portfolio of payment solutions, including secure point-of-sale (POS) systems and payment processing services, earning the trust of businesses and financial institutions. Cybersource leverages its industry stature and expertise to provide cutting-edge fraud prevention and payment security solutions. Both companies benefit from strong brand recognition, a wide customer base, and a commitment to innovation, positioning them as market leaders in the industry.

Payment Security Market Companies

Major companies operating in the payment security industry are:

Ingenico Group (Apollo Funds)
Cybersource (Visa Inc.)
Braintree (Paypal.)
Elavon Inc. (U.S. Bancorp)
Mastercard
Fiserv Inc
Thales Group

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of payment security reached USD 23.4 billion in 2023 and is set to grow at 15% CAGR between 2024 and 2032, backed by the evolving fintech landscape.

The SMEs segment accounted for a market share of around 40% in 2023, as SMEs are increasingly adopting digital payment solutions and online commerce, making them attractive targets for cyber threats.

North America market share was around 30% in 2023, due to the increasing adoption of digital payment methods, rising cybersecurity awareness, and strict regulatory frameworks.

Ingenico Group (Apollo Funds), Cybersource (Visa Inc.), Braintree (Paypal.), Elavon Inc. (U.S. Bancorp), Mastercard, Fiserv Inc, and Thales Group.