Mobile Payment Security Market - Forecast to 2031

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Mobile Payment Security Market Analysis and Forecast to 2031: By Type (Tokenization, Biometrics), End-User (Telecom & IT, Banking, Retail, Healthcare, Others), and Region

Report Code : GIS23824 Number of Pages: 159

Industry : Technology, Media, & Telecom Publication Status : Upcoming

Mobile payment security is the process of protecting mobile payments from fraud and other risks. Mobile payments are made using a mobile device, such as a smartphone, tablet, or wearable device. They can be made in person, online, or through a mobile app.

Mobile payments are convenient and easy to use, but they are also vulnerable to fraud and other risks. When making a mobile payment, you are trusting the recipient with your personal and financial information. This information can be used to make unauthorized charges to your account, or it can be sold to third parties.

To protect yourself, only make mobile payments to trusted businesses and individuals. Be sure to check the security features of the app or website you are using to make the payment. When possible, use a credit card instead of a debit card, as credit cards have better fraud protection.

Key Trends

There are several key trends in mobile payment security technology.

One is the use of biometrics, such as fingerprint scanning, to verify the identity of the user. Another is the use of encryption to protect the data being transmitted. And a third is the use of tokenization, which replaces sensitive data with a unique identifier that cannot be decoded.

Biometrics is an increasingly popular method of authentication, as it is more difficult to spoof than other methods, such as passwords. In addition, biometrics can be used in conjunction with other security measures, such as encryption, to provide an extra layer of protection.

Encryption is essential for protecting data in transit, as it ensures that only the intended recipient can decode the information. Mobile payment systems typically use SSL/TLS encryption, which is the same type of encryption used in online banking.

Tokenization is a newer security measure that is becoming more common in mobile payment systems. It works by replacing sensitive data, such as a credit card number, with a unique identifier that cannot be decoded.

Key Drivers

The key drivers of the mobile payment security market are authentication, data encryption, and tokenization.

Authentication is the process of verifying the identity of a user before allowing them to access a system or perform a transaction. This is usually done through the use of a username and password, but can also be done with biometric data such as fingerprints or iris scans.

Data encryption is the process of transforming readable data into an unreadable format. This is done to protect the data from being accessed by unauthorized individuals.

Tokenization is the process of replacing sensitive data with a non-sensitive equivalent. This is done to protect the data from being accessed by unauthorized individuals.

Restraints & Challenges

There are a few key restraints and challenges in the Mobile Payment Security market.

First, mobile payment security is still a relatively new technology, and there are not a lot of standards or best practices yet established.

Second, mobile devices are often lost or stolen, which can put mobile payment information at risk. Finally, mobile payments can be intercepted or redirected by hackers, which can lead to fraud or theft.

Market Segments

The mobile payment security market is segmented by type, end-user, and region. By type, the market is classified into tokenization, and biometrics. Based on the end-user, it is bifurcated into telecom & IT, banking, retail, healthcare, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The global mobile payment security market includes players such as BioCatch, Braintree, Carta Worldwide, Daon, Duo, EdgeVerve, Fingerprints Inc, Fiserv, Fujitsu, G+D, and others.

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Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Mobile Payment Security Market Outlook
3.1. Mobile Payment Security Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Mobile Payment Security Market

Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Mobile Payment Security Market
4.3. Economic Impact Analysis

Chapter 5. Mobile Payment Security Market by End-Use
5.1. Market Overview
5.2. Telecom
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. IT
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Banking
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.5. Others
5.5.1. Market Size and Forecast, 2021-2031 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 6. Mobile Payment Security Market by Type
6.1. Market Overview
6.2. Tokenization
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Biometrics
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)

Chapter 7. Mobile Payment Security Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.2.3. North America Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.4. North America Mobile Payment Security Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.2.5.2. The U.S. Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.2.6.2. Canada Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.2.7.2. Mexico Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)

7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.3. Europe Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.4. Europe Mobile Payment Security Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.5.2. Germany Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.6.2. France Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.7.2. U.K. Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.8.2. Spain Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.9.2. Italy Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)

7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Mobile Payment Security Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.4. Asia-Pacific Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.5.2. China Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.6.2. India Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.7.2. Japan Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.8.2. South Korea Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)

7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.5.3. Rest of the World Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.4. Rest of the World Mobile Payment Security Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.5.5.2. Latin America Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.5.6.2. Middle East Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Mobile Payment Security Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.5.7.2. Africa Mobile Payment Security Market Size and Forecast by Type, 2021-2031, ($Million)

Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. BioCatch
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Braintree
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Carta Worldwide
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. Daon
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Duo
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. EdgeVerve
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Fingerprints Inc
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Fiserv
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product Offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Fujitsu
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product Offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. G+D
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product Offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis