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Europe Payment Security Market
The market is expected t- grow at CAGR of 14.77% from 2018 t- 2023 leading t- a global revenue generation of USD 7.18 billion in 2023. After registration with a financial organization, or a trusted third-party organization or bank, money can be transferred by just using the receiver's mobile number or e-mail address. Major players are PayPal, Google Wallet, Square, Dwolla, Ribbon and ClearXchange.
The method for execution of immediate payments is diverse as in some countries such as the U.K., he instant payments structure has been established in line t- their existing settlement and clearing systems while in countries such as Sweden and Spain instant payments structure is developed by leveraging the existing standards of the countries.
By solution, the market is segmented int- encryption, tokenization, fraud detection and prevention.
By service, the market is segmented int- integration services, support services, and consulting services.
By end-user, the market is segmented int- retail, travel and hospitality, healthcare, IT and telecom, education, media and entertainment, and others.
By regions, the market is divided int- Germany, France, UK, Spain, Italy, and rest of Europe.
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Key growth factors
Banks are using technologies and modernization initiatives such as open Application Program Interfaces (API), blockchain, instant payments and mobile wallets t- enhance the customer experience, which in turn will lead t- the increase in the demand for the payment security.
Regulations such as Payment Services Directive (PSD2) have driven bank/third-party collaboration through the adoption of open Application Programming Interface (APIs).
Threats and key players
Even though the global market for payment security software is expected t- witness booming prospect over the forthcoming years, it may face numerous roadblocks. The strict regulations due t- the introduction and execution of innovative security solutions may pose a challenge t- this market in the years t- come.
The payment security technology providers in Europe are Ingenic- Group, Elavon, Cybersource, SecurionPay, etc.
What's covered in the report?
1. Overview of the European payment security market
2. Market drivers, and challenges in Europe payment security market
3. Market trends in Europe payment security market
4. Historical, current and forecasted market size data for Europe market segmentation based on type of solution (encryption, tokenization, fraud detection and prevention) - revenue
5. Historical, current and forecasted market size data for Europe market segmentation based on End-user (retail, travel and hospitality, healthcare, IT and telecom, education, media and entertainment, and others) - by revenue
6. Historical, current and forecasted market size data of Europe payment security market by country (Germany, France, UK, Spain, Italy, and the rest of Europe) - by revenue
7. Analysis of the competitive landscape and profiles of major competitors operating in the European market
Why buy?
1. Understand the demand for the European payment security market t- determine the viability of the market
2. Understand the country-specific market size and observations for each segment
3. Develop strategies based on the drivers, trends and highlights for each of the segments
4. Evaluate the value chain t- determine the workflow and t- get an idea of the current position where you are placed
5. Recognize the key competitors of this market and respond accordingly
6. Identify the initiatives and growth strategies taken by the major companies and decide the direction of further growth
7. Define the competitive positioning by comparing the products and services compared with the key players in the market
Customizations available
With the given market data, Netscribes offers customizations according t- specific needs. Write t- us at [email protected].