The Payment Security Software Market size was valued at USD 17.6 billion in 2022 and is expected to grow to USD 38.92 billion by 2030 and grow at a CAGR of 10.43% over the forecast period of 2023-2030.
The Payment Security Software Market encompasses software solutions and tools specifically designed to safeguard and fortify payment transactions conducted through diverse channels, such as online platforms, mobile devices, and point-of-sale (POS) systems. As digital payment methods gain widespread acceptance and cyber threats continue to proliferate, businesses are increasingly recognizing the indispensability of payment security software in safeguarding the safety and integrity of their customer's sensitive payment information.
To Get More Information on Payment Security Software Market - Request Sample Report
Drivers
The increasing prevalence of cyberattacks and data breaches specifically targeting payment systems has led to significant demand for advanced payment security software solutions.
The need to protect sensitive customer data is on the rise
Growing popularity of mobile wallets and the incremental growth of the fintech industry.
There has been a rapid surge in mobile transactions.
The rising need to safeguard sensitive customer data is driven by the increasing popularity of mobile wallets, the incremental growth of the fintech industry, and the rapid surge in mobile transactions. It is imperative for businesses and individuals alike to prioritize the implementation of robust security measures to ensure the protection of personal information in this evolving digital landscape.
Restrains
High costs are often associated with implementing advanced security solutions, which can pose a significant financial burden for businesses.
Stringent regulations are imposed by various regulatory bodies and governments, further complicating the security landscape.
Opportunities
The exponential expansion of the digital payment ecosystem in emerging markets unveils a plethora of untapped opportunities for vendors specializing in payment security software. As these markets wholeheartedly embrace digital transactions, the need for secure payment solutions is poised to soar.
The advent of cloud computing has paved the way for the development of cloud-based payment security solutions, presenting a promising avenue for growth. Leveraging cloud-based platforms can offer scalable and cost-effective security measures, particularly beneficial for small and medium-sized enterprises.
Challenges
Compatibility issues between various payment security software solutions and hardware systems can pose significant obstacles for businesses aiming to implement robust security measures. These challenges in integration can result in frustrating delays and unexpected costs.
Many businesses fail to grasp the significance of payment security and the potential ramifications of data breaches. Insufficient awareness and education regarding payment security software can impede market expansion.
As the conflict escalated, businesses operating in the affected regions faced heightened security risks. This has prompted a surge in demand for payment security software solutions to protect sensitive financial data from potential cyber threats. Companies are now more inclined to invest in robust security measures to safeguard their payment systems. While the conflict has posed challenges, it has also created opportunities for market expansion. International payment security software providers have recognized the need to support businesses in the affected regions. This has led to collaborations and partnerships with local companies, enabling the introduction of innovative solutions tailored to the specific needs of the market. The Russia-Ukraine war has prompted governments to strengthen their cybersecurity regulations. This has compelled businesses to comply with stricter data protection laws, thereby increasing the demand for payment security software.
Impact of recession
During a recession, financial institutions, e-commerce businesses, and other organizations that handle payments may become more vulnerable to fraud and cyberattacks. As a result, there is typically an increased emphasis on enhancing payment security to protect sensitive financial data. This increased focus can drive demand for payment security software. Recessions often lead to changes in regulations and compliance requirements. Governments and regulatory bodies may implement stricter rules related to financial transactions and data protection to safeguard the economy and consumer confidence. Payment security software providers may need to adapt their solutions to comply with these new regulations, creating opportunities for innovation and growth. Many businesses may experience budget cuts during a recession as they try to control costs and manage financial constraints. This can impact the allocation of resources for payment security software investments. Some organizations may delay or reduce spending on payment security software, leading to a short-term decline in market demand.
While security remains a priority, organizations may look for cost-effective solutions during a recession. Payment security software providers that offer solutions that can demonstrate a clear return on investment and help businesses reduce fraud and data breaches without breaking the bank are likely to be more successful in such an economic environment. Consumer behavior often changes during a recession. People may become more cautious with their spending and choose online transactions over physical ones. This shift can lead to increased demand for secure online payment options, driving the need for payment security software in the e-commerce sector.
Economic downturns can create an environment where cybercriminals become more active, taking advantage of the economic uncertainty. Payment security software providers may need to stay ahead of emerging threats and adapt their solutions to address new attack vectors.
By Solution
Software
Services
By Mode of Payment
Mobile Payment Security Software
Point-of-sale (PoS) systems and security
Online Payment Security Software
By Industry Verticals
Banking, Financial Services and Insurance
Retail
Healthcare
Government
Others
.png)
Do You Need any Customization Research on Payment Security Software Market - Enquire Now
North America has emerged as the market leader, holding nearly 39% of the shares. The rapid adoption of online payment methods is the primary driver behind the growth of this regional market. Additionally, the presence of a large number of payment security software providers in North America greatly contributes to the market's success. In the coming years, investment in online payment technology is expected to increase. This, combined with the growing partnerships between software and hardware providers in the region, will significantly boost the North American market for payment security software. Furthermore, the introduction of innovative technologies in payment security, particularly in the United States, is projected to propel this regional market forward in the next few years.
Europe, which held the second position, is currently experiencing a slowdown in its payment security software market due to strict regulations and economic turmoil. Conversely, the Asia Pacific region is expected to offer the most promising growth opportunities in the foreseeable future.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
The prominent players in the market are Gemalto, Intel Corp., Thales e-Security, Cisco Systems Inc., Symantec Corp., TNS Inc., Trend Micro, CA Inc., HCL Technologies, VASCO Data Security Int. Inc., Broadcom, Inc., RSA Security LLC., and others in final Report.
In October 2023, Bluefin, a prominent player in the Payment Card Industry (PCI), joined forces with Invenco by GVR, a global leader in convenience retail solutions. This collaboration aimed to introduce cutting-edge PCI-validated P2PE solutions specifically designed for the retail petroleum forecourt sector in North America. By doing so, they sought to enhance payment security within this industry.
BR-DGE, a leading payment orchestration platform, made a significant stride in April 2023 with the launch of the BR-DGE Vault. This cutting-edge network tokenization product not only ensures top-tier transaction performance but also provides unparalleled security for merchants and payment partners. Against the backdrop of rapid innovations in payment technology, BR-DGE has emerged as a trailblazer, offering a groundbreaking solution for secure mobile transactions.
In June 2022, PayU subsidiary Wibmo was recognized as a PCI Secure SLC Certified Company, solidifying its position among the top 10 globally. This prestigious certification highlights the company's commitment to ensuring the utmost security for its software and platforms, particularly in the payments industry. With the exponential growth of digital transactions, the prevalence of cybercrime has surged, necessitating the implementation of additional security measures to safeguard customer data and financial transactions.
| Report Attributes | Details |
| Market Size in 2022 | US$ 17.6 Bn |
| Market Size by 2030 | US$ 38.92 Bn |
| CAGR | CAGR of 10.43 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Solution (Software, Services) • By Mode of Payment (Mobile payment security software, Point-of-sale (PoS) systems and security, Online payment security software) • By Industry Verticals (Banking, Financial Services and Insurance, Retail, Healthcare, Government, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Gemalto, Intel Corp., Thales e-Security, Cisco Systems Inc., Symantec Corp., TNS Inc., Trend Micro, CA Inc., HCL Technologies, VASCO Data Security Int. Inc., Broadcom, Inc., RSA Security LLC |
| Key Drivers | • The increasing prevalence of cyberattacks and data breaches specifically targeting payment systems has led to significant demand for advanced payment security software solutions. • The need to protect sensitive customer data is on the rise • Growing popularity of mobile wallets and the incremental growth of the fintech industry. • There has been a rapid surge in mobile transactions. |
| Market Restraints | • High costs are often associated with implementing advanced security solutions, which can pose a significant financial burden for businesses. • Stringent regulations are imposed by various regulatory bodies and governments, further complicating the security landscape. |
Ans: USD 17.6 billion in 2022 is the market share of the Payment Security Software Market.
Ans: There are three options available to purchase this report,
A. Single User License USD 4650
Features: A non-printable PDF to be accessed by just one user at a time
1. No Excel would be delivered along with the PDF
2. 1 complimentary analyst briefing session of 30 minutes to be provided post-purchase and delivery of the study
3. 1 complimentary update to be provided after 6 months of purchase
4. Additional 80 analyst hours of free customization to add extra slices of information that might be missing from the study
B. Enterprise User License: USD 6,450
Features:
1. A printable/ sharable and downloadable PDF
2. No limit over the number of users
3. An Excel spreadsheet would be delivered along with the PDF
4. 2 complimentary analyst briefing sessions of 30 minutes each to be provided post-purchase and delivery of the study
5. 2 complimentary updates to be provided within 1 year of purchase
6. Additional 100 analyst hours of free customization to add extra slices of information that might be missing from the study.
C: Excel Datasheet: USD 2,325
1. ME sheet is provided in Excel format.
2. 1 complimentary analyst briefing session of 30 minutes to be provided post-purchase and delivery of the study
Ans. The CAGR of the IoT in the Warehouse Management Market for the forecast
period 2022-2030 is 10.43%.
Ans. The forecast period for the Payment Security Software Market is 2022-2030.
Ans: The North America Region is dominating the Payment Security Software Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Payment Security Software Market, By Solution
8.1 Software
8.2 Services
9. Payment Security Software Market By Mode of Payment
9.1 Mobile payment security software
9.2 Point-of-sale (PoS) systems and security
9.3 Online payment security software
10. Payment Security Software Market, By Industry Verticals
10.1 Banking, Financial Services and Insurance
10.2 Retail
10.3 Healthcare
10.4 Government
10.5 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Payment Security Software Market By Country
11.2.2North America Payment Security Software Market By Solution
11.2.3 North America Payment Security Software Market By Mode of Payment
11.2.4 North America Payment Security Software Market By Industry Verticals
11.2.5 USA
11.2.5.1 USA Payment Security Software Market By Solution
11.2.5.2 USA Payment Security Software Market By Mode of Payment
11.2.5.3 USA Payment Security Software Market By Industry Verticals
11.2.6 Canada
11.2.6.1 Canada Payment Security Software Market By Solution
11.2.6.2 Canada Payment Security Software Market By Mode of Payment
11.2.6.3 Canada Payment Security Software Market By Industry Verticals
11.2.7 Mexico
11.2.7.1 Mexico Payment Security Software Market By Solution
11.2.7.2 Mexico Payment Security Software Market By Mode of Payment
11.2.7.3 Mexico Payment Security Software Market By Industry Verticals
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Payment Security Software Market by Country
11.3.1.2 Eastern Europe Payment Security Software Market By Solution
11.3.1.3 Eastern Europe Payment Security Software Market By Mode of Payment
11.3.1.4 Eastern Europe Payment Security Software Market By Industry Verticals
11.3.1.5 Poland
11.3.1.5.1 Poland Payment Security Software Market By Solution
11.3.1.5.2 Poland Payment Security Software Market By Mode of Payment
11.3.1.5.3 Poland Payment Security Software Market By Industry Verticals
11.3.1.6 Romania
11.3.1.6.1 Romania Payment Security Software Market By Solution
11.3.1.6.2 Romania Payment Security Software Market By Mode of Payment
11.3.1.6.4 Romania Payment Security Software Market By Industry Verticals
11.3.1.7 Turkey
11.3.1.7.1 Turkey Payment Security Software Market By Solution
11.3.1.7.2 Turkey Payment Security Software Market By Mode of Payment
11.3.1.7.3 Turkey Payment Security Software Market By Industry Verticals
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Payment Security Software Market By Solution
11.3.1.8.2 Rest of Eastern Europe Payment Security Software Market By Mode of Payment
11.3.1.8.3 Rest of Eastern Europe Payment Security Software Market By Industry Verticals
11.3.2 Western Europe
11.3.2.1 Western Europe Payment Security Software Market By Solution
11.3.2.2 Western Europe Payment Security Software Market By Mode of Payment
11.3.2.3 Western Europe Payment Security Software Market By Industry Verticals
11.3.2.4 Germany
11.3.2.4.1 Germany Payment Security Software Market By Solution
11.3.2.4.2 Germany Payment Security Software Market By Mode of Payment
11.3.2.4.3 Germany Payment Security Software Market By Industry Verticals
11.3.2.5 France
11.3.2.5.1 France Payment Security Software Market By Solution
11.3.2.5.2 France Payment Security Software Market By Mode of Payment
11.3.2.5.3 France Payment Security Software Market By Industry Verticals
11.3.2.6 UK
11.3.2.6.1 UK Payment Security Software Market By Solution
11.3.2.6.2 UK Payment Security Software Market By Mode of Payment
11.3.2.6.3 UK Payment Security Software Market By Industry Verticals
11.3.2.7 Italy
11.3.2.7.1 Italy Payment Security Software Market By Solution
11.3.2.7.2 Italy Payment Security Software Market By Mode of Payment
11.3.2.7.3 Italy Payment Security Software Market By Industry Verticals
11.3.2.8 Spain
11.3.2.8.1 Spain Payment Security Software Market By Solution
11.3.2.8.2 Spain Payment Security Software Market By Mode of Payment
11.3.2.8.3 Spain Payment Security Software Market By Industry Verticals
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Payment Security Software Market By Solution
11.3.2.9.2 Netherlands Payment Security Software Market By Mode of Payment
11.3.2.9.3 Netherlands Payment Security Software Market By Industry Verticals
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Payment Security Software Market By Solution
11.3.2.10.2 Switzerland Payment Security Software Market By Mode of Payment
11.3.2.10.3 Switzerland Payment Security Software Market By Industry Verticals
11.3.2.11.1 Austria
11.3.2.11.2 Austria Payment Security Software Market By Solution
11.3.2.11.3 Austria Payment Security Software Market By Mode of Payment
11.3.2.11.4 Austria Payment Security Software Market By Industry Verticals
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Payment Security Software Market By Solution
11.3.2.12.2 Rest of Western Europe Payment Security Software Market By Mode of Payment
11.3.2.12.3 Rest of Western Europe Payment Security Software Market By Industry Verticals
11.4 Asia-Pacific
11.4.1 Asia-Pacific Payment Security Software Market by Country
11.4.2 Asia-Pacific Payment Security Software Market By Solution
11.4.3 Asia-Pacific Payment Security Software Market By Mode of Payment
11.4.4 Asia-Pacific Payment Security Software Market By Industry Verticals
11.4.5 China
11.4.5.1 China Payment Security Software Market By Solution
11.4.5.2 China Payment Security Software Market By Mode of Payment
11.4.5.3 China Payment Security Software Market By Industry Verticals
11.4.6 India
11.4.6.1 India Payment Security Software Market By Solution
11.4.6.2 India Payment Security Software Market By Mode of Payment
11.4.6.3 India Payment Security Software Market By Industry Verticals
11.4.7 Japan
11.4.7.1 Japan Payment Security Software Market By Solution
11.4.7.2 Japan Payment Security Software Market By Mode of Payment
11.4.7.3 Japan Payment Security Software Market By Industry Verticals
11.4.8 South Korea
11.4.8.1 South Korea Payment Security Software Market By Solution
11.4.8.2 South Korea Payment Security Software Market By Mode of Payment
11.4.8.3 South Korea Payment Security Software Market By Industry Verticals
11.4.9 Vietnam
11.4.9.1 Vietnam Payment Security Software Market By Solution
11.4.9.2 Vietnam Payment Security Software Market By Mode of Payment
11.4.9.3 Vietnam Payment Security Software Market By Industry Verticals
11.4.10 Singapore
11.4.10.1 Singapore Payment Security Software Market By Solution
11.4.10.2 Singapore Payment Security Software Market By Mode of Payment
11.4.10.3 Singapore Payment Security Software Market By Industry Verticals
11.4.11 Australia
11.4.11.1 Australia Payment Security Software Market By Solution
11.4.11.2 Australia Payment Security Software Market By Mode of Payment
11.4.11.3 Australia Payment Security Software Market By Industry Verticals
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Payment Security Software Market By Solution
11.4.12.2 Rest of Asia-Pacific Payment Security Software Market By Mode of Payment
11.4.12.3 Rest of Asia-Pacific Payment Security Software Market By Industry Verticals
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Payment Security Software Market by country
11.5.1.2 Middle East Payment Security Software Market By Solution
11.5.1.3 Middle East Payment Security Software Market By Mode of Payment
11.5.1.4 Middle East Payment Security Software Market By Industry Verticals
11.5.1.5 UAE
11.5.1.5.1 UAE Payment Security Software Market By Solution
11.5.1.5.2 UAE Payment Security Software Market By Mode of Payment
11.5.1.5.3 UAE Payment Security Software Market By Industry Verticals
11.5.1.6 Egypt
11.5.1.6.1 Egypt Payment Security Software Market By Solution
11.5.1.6.2 Egypt Payment Security Software Market By Mode of Payment
11.5.1.6.3 Egypt Payment Security Software Market By Industry Verticals
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Payment Security Software Market By Solution
11.5.1.7.2 Saudi Arabia Payment Security Software Market By Mode of Payment
11.5.1.7.3 Saudi Arabia Payment Security Software Market By Industry Verticals
11.5.1.8 Qatar
11.5.1.8.1 Qatar Payment Security Software Market By Solution
11.5.1.8.2 Qatar Payment Security Software Market By Mode of Payment
11.5.1.8.3 Qatar Payment Security Software Market By Industry Verticals
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Payment Security Software Market By Solution
11.5.1.9.2 Rest of Middle East Payment Security Software Market By Mode of Payment
11.5.1.9.3 Rest of Middle East Payment Security Software Market By Industry Verticals
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by country
11.5.2.2 Africa Payment Security Software Market By Solution
11.5.2.3 Africa Payment Security Software Market By Mode of Payment
11.5.2.4 Africa Payment Security Software Market By Industry Verticals
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Payment Security Software Market By Solution
11.5.2.5.2 Nigeria Payment Security Software Market By Mode of Payment
11.5.2.5.3 Nigeria Payment Security Software Market By Industry Verticals
11.5.2.6 South Africa
11.5.2.6.1 South Africa Payment Security Software Market By Solution
11.5.2.6.2 South Africa Payment Security Software Market By Mode of Payment
11.5.2.6.3 South Africa Payment Security Software Market By Industry Verticals
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Payment Security Software Market By Solution
11.5.2.7.2 Rest of Africa Payment Security Software Market By Mode of Payment
11.5.2.7.3 Rest of Africa Payment Security Software Market By Industry Verticals
11.6 Latin America
11.6.1 Latin America Payment Security Software Market by Country
11.6.2 Latin America Payment Security Software Market By Solution
11.6.3 Latin America Payment Security Software Market By Mode of Payment
11.6.4 Latin America Payment Security Software Market By Industry Verticals
11.6.5 Brazil
11.6.5.1 Brazil Payment Security Software Market By Solution
11.6.5.2 Brazil Payment Security Software Market By Mode of Payment
11.6.5.3 Brazil Payment Security Software Market By Industry Verticals
11.6.6 Argentina
11.6.6.1 Argentina Payment Security Software Market By Solution
11.6.6.2 Argentina Payment Security Software Market By Mode of Payment
11.6.6.3 Argentina Payment Security Software Market By Industry Verticals
11.6.7 Colombia
11.6.7.1 Colombia Payment Security Software Market By Solution
11.6.7.2 Colombia Payment Security Software Market By Mode of Payment
11.6.7.3 Colombia Payment Security Software Market By Industry Verticals
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Payment Security Software Market By Solution
11.6.8.2 Rest of Latin America Payment Security Software Market By Mode of Payment
11.6.8.3 Rest of Latin America Payment Security Software Market By Industry Verticals
12 Company profile
12.1 Gemalto
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Product/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Intel Corp.
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Thales e-Security.
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Cisco Systems Inc.
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Symantec Corp.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 TNS Inc.
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Trend Micro
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 HCL Technologies.
12.8.1 Company overview
12.8.2 Financials
12.8.3 Product/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 VASCO Data Security Int. Inc.
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Broadcom, Inc.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Over-the-top (OTT) Market Size was valued at USD 276.2 billion in 2023 and is expected to reach USD 930.9 billion by 2031 and grow at a CAGR of 16.4% over the forecast period 2024-2031.
The Virtual Data Room Market size was valued at US$ 1.92 billion in 2022 and is estimated to reach US$ 5.51 billion in 2030 with an emerging CAGR of 14.1% Over the Forecast Period of 2023-2030.
The Supply Chain Analytics Market was worth USD 5.18 billion in 2022 and is predicted to be worth USD 23.92 billion by 2030, growing at a CAGR of 21.08% between 2023 and 2030.
The Digital Assurance Market size was valued at USD 5.17 Bn in 2022 and is expected to reach USD 14.12 Bn by 2030, and grow at a CAGR of 13.39% over the forecast period 2023-2030.
The Optical Communication and Networking Market size was valued at USD 23.64 Bn in 2022 and is expected to reach USD 44.15 Bn by 2030, and grow at a CAGR of 8.12% over the forecast period 2023-2030.
The Smart Ticketing Market size was valued at USD 10.15 billion in 2022 and is expected to grow to USD 32.36 billion by 2030 and grow at a CAGR Of 15.6 % over the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
