The Europe POS Security Market would witness market growth of 8.1% CAGR during the forecast period (2022-2028).
Malicious actors may be able to get millions of credit or debit card numbers by accessing a single application, which they may then utilize illegally or sell to other hackers or outside parties. Hackers can also acquire huge amounts of customer data from compromised POS software used by merchants in addition to other programmers and systems the retailer uses.
To safeguard their applications, stop unauthorized access, battle against mobile viruses, and stop hackers from infiltrating their back-end systems, businesses must deploy point-of-sale systems security. One of the major threats to POS system setups is security. Hackers are continuously searching for security flaws and potential openings that can enable them to attack POS applications.
An attack often starts with a hacker acquiring access to a target system through the use of social engineering tricks or vulnerability exploits. They would then deploy POS malware, which spreads across an organization's POS system memory to scrape and gather data, which is particularly made to collect card information from POS systems and terminals. The hacker then takes the data to a different site for consolidation prior sending it to an accessible external destination.
The market in Europe is being pushed by small and medium-sized businesses' growing usage of cloud solutions. The market expansion has been fueled by the main companies' increased development of cloud-based PoS solutions to satisfy the need of the expanding restaurant and retail sectors. The UK has a distinguished retail heritage and is home to anything from well-known international companies to independent small businesses.
The Germany market dominated the Europe POS Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $429.9 Million by 2028.The UK market is anticipated to grow at a CAGR of 7.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 8.9% during (2022 - 2028).
Based on Offering, the market is segmented into Solution and Services. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into Retail, Restaurants, Hospitality and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global POS Security Market will Hit $6.6 Billion by 2028, at a CAGR of 8.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, NCR Corporation, Fortinet, Inc., Check Point Software Technologies Ltd., Thales Group S.A., PayPal Holdings, Inc., Micro Focus International PLC, Kaspersky Lab, VeriFone Holdings, Inc. (Francisco Partners), and TokenEx, LLC
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