Global Mobile Payment Data Protection Market report from Global Insight Services is the single authoritative source of intelligence on Mobile Payment Data Protection Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Mobile payment data protection is a term used to describe the security measures taken to protect data stored on mobile devices used for making payments. This includes measures taken to prevent unauthorized access to the data as well as to protect the data from being lost or stolen.
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Key Trends
There are four key trends in mobile payment data protection technology:
1. Biometric authentication: This involves using a person’s unique physical characteristics, such as their fingerprint or iris scan, to verify their identity.
2. Tokenization: This involves replacing sensitive data, such as a credit card number, with an “token†that is much harder to steal or guess. This token can be used for payments without revealing the underlying data.
Key Drivers
Some of the key drivers of the mobile payment data protection market are the increasing need for data security, the growing adoption of BYOD (Bring Your Own Device) policies, and the increasing number of cyber-attacks.
With the increasing use of mobile devices for payments, there is a growing need to protect the data stored on these devices. Mobile devices are often lost or stolen.
Market Segmentation
By Type
- Contactless Tokenisation
- Remote Tokenisation
By End-User
- Telecom & IT
- Banking
- Retail
- Healthcare
- Others
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Key Players
- Samsung Electronics Co. Ltd.
- Visa Inc.
- Alibaba Group Holdings Limited
- PayPal Holdings Inc.
- American Express Company
- M Pesa
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