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Global Payment Security Market (2020 to 2025) - Growth, Trends and Forecasts
January 07, 2021 08:08 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
ResearchAndMarkets.com s offering. The payment security market was valued at USD 15.84 billion in 2019 and is expected to reach USD 37.57 billion by 2025, with a CAGR of 15.88% during the forecast period (2020 - 2025). With the rising number of digital payments, such as credit/debit payments, mobile wallets, and online payments, it is expected to boost the payment security market globally over the forecast period.
The growing number of data breaches is also one of the primary factors contributing to the growth of payment security market. These growing data breach cases are also increasing the financial losses due to it. Hence, thriving the demand for payment security solutions.