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Global POS Security Market to reach USD 9.59 billion by the end of 2030.

Global POS Security Market Size study & Forecast, by Offering (Solution, Services), by Deployment Mode (On-Premise, Cloud), by Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), by Industry Vertical (Retail, Hospitality, Entertainment, Healthcare, Transportation, Others) and Regional Analysis, 2023-2030

Product Code: BFBFSI-12352618
Publish Date: 10-06-2023
Page: 200

Global POS Security Market is valued approximately at USD 4.41 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.2% over the forecast period 2023-2030. Point-of-sale security is a payment system, the system that business use to accept, process, and record payment transactions between the business and the customer. POS security measures are critical for preventing unauthorized people from accessing electronic payment systems and lowering the risk of credit card loss or fraud. As digital payment mechanisms become more popular, the necessity for POS security grows. The rise in consumer demand for digital payment modalities, as well as the rising popularity of mobile payment and online payment among developing-nations is driving market expansion. Furthermore, regulatory compliance and an increase in fraudulent activities on e-commerce platforms are driving market expansion.

Cyberattacks have had a significant influence on the retail industry, as hackers target enormous amounts of credit card information and personally identifiable customer data. As a result, there is a growing need for POS security in the retail business to protect their data. According to the Federal Trade Commission’s (FTC) in 2022, Consumer Sentinel Network received over 5.1 million reports, 46 percent of which were for fraud and 21 percent for identity theft. Credit card fraud accounted for 43.7 percent of identity thefts, with miscellaneous identity theft accounting for 28.1 percent, including online shopping and payment account fraud, email and social media fraud, and other identity theft. Additionally, increasing popularity of online shopping also the growing trend of mobile payments is expected to provide significant opportunities for the POS Security Market However, PoS security deployment challenges, as well as a lack of employee understanding of the usage of PoS systems stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global POS Security Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 holding the largest market share owing to the region’s having the most POS security market vendors, the market in this area is expanding as a result of rising usage of electronic payment methods such automated clearing houses (ACH), ATMs, and POS networks. For instance, PayPal Holdings, Inc. announced on October 11, 2022, the availability of the PayPal Zettle Terminal to small companies in the United States. With Terminal, a complete point-of-sale solution, small companies may enhance in-store mobility. Asia Pacific is expected to fastest growing during the forecast period, owing to Rising R&D efforts by many major corporations to provide cutting-edge solutions in this area are anticipated to fuel market revenue growth. For instance, UnionPay International announced the introduction of its Mobile Phone as POS (MPP) solution in international markets on December 15, 2021. Small businesses can quickly and inexpensively transform mobile phones into POS terminals that support a variety of UnionPay payment options, including card/phone touch, Quick Response (QR) codes, and more.

Major market player included in this report are:
Card Connect Corp.
Epos Now
Vend POS Systems
Upserve, Inc.
Sophos Group Plc
Morphisec Inc.
Lightspeed E-Commerce Co
Check Point Software Technologies Ltd
AO Kaspersky Cybersecurity Lab
Fortinet, Inc.
Recent Developments in the Market:
Ø In May 2022, The FLEX payment system from Verifone, which includes its Advanced Payments Methods platform, was integrated with Lavu’s all-in-one restaurant software suite as part of a partnership between Verifone and Lavu to offer unified payments and point of sale solutions to restaurants.
Ø on November 15, 2022, the global financial technology firm SumUp launched POS Lite in the United Kingdom, Ireland, France, Germany, and Spain, along with the revised and enhanced Point of Sale system POS Pro. To serve the needs of the smallest businesses, the company is creating an entry-level Point of Sale device dubbed POS Lite. With the enhanced POS Pro, SumUp is extending its product range for businesses of all sizes, regardless of their demands, building on the success of the POS solution. By the end of the year, SumUp will have advanced more quickly towards being the most popular POS system in Europe based on the number of merchants.
Global POS Security Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Offering, Deployment mode, Enterprise size, Industry Vertical, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:
By Deployment Size:
By Enterprise Size:
Large Enterprises
Small and Medium-sized Enterprises
By Industry Vertical:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. POS security Market, by region, 2020-2030 (USD Billion)
1.2.2. POS security Market, by Offering, 2020-2030 (USD Billion)
1.2.3. POS security Market, by Deployment Mode, 2020-2030 (USD Billion)
1.2.4. POS security Market, by Enterprise Size, 2020-2030 (USD Billion)
1.2.5. POS security Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global POS security Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global POS security Market Dynamics
3.1. POS security Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increased adoption of digital payment modes Rise in fraudulent activities in e-commerce
3.1.2. Market Challenges Issues with conventional POS protection approach Lack of awareness
3.1.3. Market Opportunities Increasing popularity of online shopping Advancement in Technology
Chapter 4. Global POS security Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global POS security Market, by Offering
5.1. Market Snapshot
5.2. Global POS security Market by Offering, Performance – Potential Analysis
5.3. Global POS security Market Estimates & Forecasts by Offering 2020-2030 (USD Billion)
5.4. POS security Market, Sub Segment Analysis
5.4.1. Solution
5.4.2. Services
Chapter 6. Global POS security Market, by Deployment Mode
6.1. Market Snapshot
6.2. Global POS security Market by Deployment Mode, Performance – Potential Analysis
6.3. Global POS security Market Estimates & Forecasts by Deployment Mode 2020-2030 (USD Billion)
6.4. POS security Market, Sub Segment Analysis
6.4.1. On-Premise
6.4.2. Cloud
Chapter 7. Global POS security Market, by Enterprise Size
7.1. Market Snapshot
7.2. Global POS security Market by Enterprise Size, Performance – Potential Analysis
7.3. Global POS security Market Estimates & Forecasts by Enterprise Size 2020-2030 (USD Billion)
7.4. POS security Market, Sub Segment Analysis
7.4.1. Large Enterprises
7.4.2. Small and Medium-sized Enterprises
Chapter 8. Global POS security Market, by Industry Vertical
8.1. Market Snapshot
8.2. Global POS security Market by Industry Vertical, Performance – Potential Analysis
8.3. Global POS security Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
8.4. POS security Market, Sub Segment Analysis
8.4.1. Retail, Hospitality
8.4.2. Entertainment
8.4.3. Healthcare
8.4.4. Transportation
8.4.5. Others
Chapter 9. Global POS security Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. POS security Market, Regional Market Snapshot
9.4. North America POS security Market
9.4.1. U.S. POS security Market Offering breakdown estimates & forecasts, 2020-2030 Deployment Mode breakdown estimates & forecasts, 2020-2030 Enterprise Size breakdown estimates & forecasts, 2020-2030 Industry Vertical breakdown estimates & forecasts, 2020-2030
9.4.2. Canada POS security Market
9.5. Europe POS security Market Snapshot
9.5.1. U.K. POS security Market
9.5.2. Germany POS security Market
9.5.3. France POS security Market
9.5.4. Spain POS security Market
9.5.5. Italy POS security Market
9.5.6. Rest of Europe POS security Market
9.6. Asia-Pacific POS security Market Snapshot
9.6.1. China POS security Market
9.6.2. India POS security Market
9.6.3. Japan POS security Market
9.6.4. Australia POS security Market
9.6.5. South Korea POS security Market
9.6.6. Rest of Asia Pacific POS security Market
9.7. Latin America POS security Market Snapshot
9.7.1. Brazil POS security Market
9.7.2. Mexico POS security Market
9.8. Middle East & Africa POS security Market
9.8.1. Saudi Arabia POS security Market
9.8.2. South Africa POS security Market
9.8.3. Rest of Middle East & Africa POS security Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Card Connect Corp. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Epos Now
10.3.3. Vend POS Systems
10.3.4. Upserve Inc.
10.3.5. Sophos Group Plc
10.3.6. Morphisec Inc.
10.3.7. Lightspeed E-Commerce Co.
10.3.8. Check Point Software Technologies Ltd
10.3.9. AO Kaspersky Cybersecurity Lab
10.3.10. Fortinet, Inc.

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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