Payment Security Market in India 2021

Payment security is a safety program that uses multiple layers of analytics, technology, and security approaches to protect digital payment and reduce fraudulent transactions. These security solutions are provided through Point-of-sale (PoS), mobile-based, and web-based platforms. Payment security solutions offered in India include encryption, point-to-point tokenization, and EMV (Europay, MasterCard, and Visa). Payment security solutions in India are mostly being adopted by the sectors of banking, financial services, and insurance (BFSI), education, retail, hospitality, and telecom. Some of the domestic organizations proffering payment security solutions in the country are Cisco Systems India Pvt. Ltd., Intel Technology India Pvt. Ltd., and Trend Micro India Pvt. Ltd.

Market insights:
The payment security market in India was valued at INR 130.50 Bn in 2020. It is expected to expand at a compound annual growth rate (CAGR) of ~17.79% between 2021 and 2025, to reach a value of INR 289.90 Bn by 2025. The steady growth in the market can be attributed to the rising adoption of cashless payment methods and the increasing fraudulent activities associated with online transactions. It also includes the growing incidence of cyber thefts and data breaches. The increase in the governments participation in undertaking initiatives to promote cashless and digital economy has also encouraged growth in the market. Some of the policies implemented by the government include the launch of the Payments Infrastructure Development Fund and the introduction of instant payment facilities, such as UPI and BHIM. However, the lack of investments from IT companies on security solutions and the high cost of the adoption of payment security solutions hinder the growth of the payment security market.

COVID-19 impact analysis:
The outbreak of the pandemic and the implementation of social-distancing norms have had a substantial impact on the payment security market in India. With the growing fear surrounding the pandemic, there has been a behavioral shift from cash-based transactions to digital payments across all categories of consumers. During this period, digital payment and contactless modes of transactions have gained popularity among the buyers. As a result, the risk of cybercrimes and data threats has also soared. With increasing cyber risks, the adoption of payment security services and solutions is expected to witness growth in multiples in the coming years.

Companies covered:
Cisco Systems India Pvt. Ltd.
Intel Technology India Pvt. Ltd.
NortonLifeLock India Private Limited
Trend Micro India Pvt. Ltd.
Broadcom Inc.
One Span
Thales Group
Transaction Network Services
Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. Market definition and structure

Chapter 4: Market overview
4.1. Payment security market in India An overview
4.1.1. Market size and growth forecast based on value (2018 2025e)

Chapter 5: Market segmentation
5.1. Payment security Market segmentation
5.1.1. Payment security Market share based on end user (2020 and 2025e)
5.1.2. BFSI Market size and growth forecast (2018 2025e)
5.1.3. Retail and e-commerce Market size and growth forecast (2018 2025e)
5.1.4. Hospitality and transportation Market size and growth forecast (2018 2025e)
5.1.5. IT and telecom Market size and growth forecast (2018 2025e)
5.1.6. Other sectors Market size and growth forecast (2018 2025e)

Chapter 6: COVID-19 impact analysis
6.1. COVID-19 impact analysis

Chapter 7: Market influencers
7.1. Market drivers
7.2. Market challenges

Chapter 8: Government initiatives
8.1. Government initiatives

Chapter 9: Market trends
9.1. Market trends

Chapter 10: Competitive landscape
10.1. Market participants
10.1.1. Cisco Systems India Pvt. Ltd.
Company information
Business description
Products/services
Key people
Note: Similar information has been provided for all companies
10.1.2. Intel Technology India Pvt. Ltd.
10.1.3. NortonLifeLock India Private Limited
10.1.4. Trend Micro India Pvt. Ltd.
10.1.5. Broadcom Inc.
10.1.6. One Span
10.1.7. Thales Group
10.1.8. Transaction Network Services

Chapter 11: Recent developments
11.1. Recent developments

Chapter 12: Appendix
12.1. Research methodology
12.2. About Netscribes
12.3. Disclaimer


Kazakhstan Cards and Payments - Opportunities and Risks to 2025

Kazakhstan Cards and Payments - Opportunities and Risks to 2025GlobalDatas Kazakhstan Cards and Payments - Opportunities and Risks to 2025 report provides detailed analysis of market trends in the Kazak

USD 2750 View Report

United Kingdom (UK) Cards and Payments - Opportunities and Risks to 2025

United Kingdom (UK) Cards and Payments - Opportunities and Risks to 2025GlobalDatas United Kingdom (UK) Cards and Payments - Opportunities and Risks to 2025 report provides detailed analysis of market

USD 2750 View Report

Global Data Center Physical Security Market 2023-2029

Data center physical security is crucial because data centers store highly sensitive and confidential information, including financial, personal, and business data. A physical security breach could cause significant financial and

USD 2750 View Report

Global IoT Security Market 2023-2029

According to the latest data, the market size of the global IoT security sector is expected to rise by USD 74.4 billion with a CAGR of 24.1% by the end

USD 3650 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available