Dublin, October 28, 2021 (GLOBE NEWSWIRE) Report “India 2021 Payment Security Market” has been added to the offerings at ResearchAndMarkets.com.
Payment security solutions offered in India include encryption, point-to-point tokenization and EMV (Europay, MasterCard, Visa). Payment security solutions in India are primarily used in the banking, financial services, insurance (BFSI), education, retail, hospitality and telecommunications sectors. Cisco Systems India Pvt is a national organization that provides payment security solutions in the country. Ltd., Intel Technology India Pvt. Ltd. and Trend Micro India Pvt.
India’s payment security market was valued at Rs 130.5 billion in 2020. The average annual growth rate (CAGR) from 2021 to 2025 is approximately 17.79 and is expected to be worth Rs 28.99 billion by 2025. The steady growth of the market is due to increased acceptance of cashless payment methods and increased fraud related to online transactions. This includes increasing the frequency of cyber thefts and data breaches. Increasing government involvement in initiatives to promote cashless and digital economies is also driving market growth. Government-implemented policies include the introduction of payment infrastructure development funds and the introduction of immediate payment facilities such as UPI and BHIM. However, the lack of investment by IT companies in security solutions and the high cost of deploying payment security solutions are hampering the growth of the payment security market.
COVID19 Impact Analysis: The occurrence of the
pandemic and the implementation of social distance norms are having a significant impact on the Indian payment security market. Amid growing concerns about pandemics, all consumer categories have changed their behavior from cash-based transactions to digital payments. During this time, digital and contactless payments have become increasingly popular with shoppers. As a result, the risk of cybercrime and data threats is also increasing. Given the increasing cyber risk, adoption of payment security services and solutions is expected to multiply over the next few years.
Cisco Systems IndiaPvt。 Ltd.
Intel Technology IndiaPvt。
NortonLifeLock India Private Limited
Trend Micro IndiaPvt。
Transaction Network Services
Chapter 1: Executive Summary
Chapter 2: Socio-Economic Indicators
Chapter 3: Introduction
Chapter 4: Market Overview
4.1 .. India Payment Security Market Overview
4.1.1. Value-Based Market Size and Growth Forecast (2018 2025e)
Chapter 5: Market Segmentation
5.1. Payment Security Market Segmentation
5.1.1. End-user payment security market share (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 Transport Market Size and Growth Forecast (2018 2025e)
5.1.5. IT and Telecommunications Market Size and Growth Forecast (2018 2025e)
5.1.6. Other Sectors Market Size and Growth Forecast (2018 2025e)
Chapter 6: COVID19 Impact Analysis
Chapter 7: Market Influencers
Chapter 8: Government Initiatives
Chapter 9: Market Trends
Chapter 10: Competitiveness Landscape with
10.1. Market participant
10.1.1. Cisco Systems India Pvt. GmbH
10.1.2. Intel Technology India Pvt. GmbH
10.1.3. NortonLifeLock India Private Limited
10.1.4. Trend Micro India Pvt. GmbH
10.1.5. Broadcom Inc.
10.1.7. Thales Group
10.1.8. Transaction Network Services
Chapter 11: Latest Development
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