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Mobile Payment Security Software Market Share

Report ID: GMI6916
Published Date: Jul 2024
Report Format: PDF

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Mobile Payment Security Software Market Share

Fiserv Inc., Symantec Corporation, and Gemalto NV (now part of Thales Group) hold a significant market share of 21%. In the dynamic landscape of the market, vendors vie for dominance by offering robust solutions tailored to diverse deployment modes and end-user needs. Providers focus on enhancing security features such as encryption, biometric authentication, and fraud detection to meet stringent regulatory requirements and protect sensitive financial data. Innovation in cloud-based solutions aims to provide scalable and cost-effective options, while on-premises offerings cater to organizations requiring greater control over data security and compliance.

Across regions, competition intensifies as companies tailor solutions to meet specific regulatory environments and consumer preferences. Strategic partnerships and acquisitions are key strategies to expand market reach and integrate complementary technologies, driving innovation and competitiveness in this rapidly evolving sector.

Mobile Payment Security Software Market Companies

Major players operating in the mobile payment security software industry are:

Symantec Corporation
OneSpan
Fime
Fiserv Inc.
Gemalto NV (now part of Thales Group)
Fingerprints
Braintree Payment Solutions LLC (PayPal Holdings Inc.)

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of mobile payment security software reached USD 13.2 billion in 2023 and is set to witness 12% CAGR between 2024 and 2032, due to the increased smartphone penetration along with internet usage and rise in mobile wallet usage.

The cloud segment in the mobile payment security software industry held 70% revenue share in 2023, due to their cost-effectiveness, scalability, and high uptime for secure transactions.

North America market held 34% revenue share in 2023, driven by high cybercrime volume, and rising investment in advanced solutions to mitigate fraud and data breaches.

Symantec Corporation, OneSpan, Fime, Fiserv Inc., Gemalto NV (now part of Thales Group), Fingerprints, and Braintree Payment Solutions LLC (PayPal Holdings Inc.).