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Payment Security Market to Witness Growth Acceleration During 2020-2025 | Braintree, Shift4, TokenEx, CyberSource, GEOBRIDGE, Elavon

Payment Security Market to Witness Growth Acceleration During 2020-2025 | Braintree, Shift4, TokenEx, CyberSource, GEOBRIDGE, Elavon

 

 
Global Payment Security Market 2020 by Company Regions Type and Application Forecast to 2025

The global Payment Security market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 9.2% in the forecast period of 2020 to 2025 and will expected to reach USD 22890 million by 2025, from USD 16090 million in 2019.

Security of Payment refers to any system designed to ensure that contractors and sub-contractors are paid even in case of dispute.

The major growth drivers of the market include increased adoption of digital payment modes, need to adhere to PCI DSS guidelines, and rise in fraudulent activities on eCommerce.

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