LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘PCI Compliance Solutions Market Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the professional services industry. This report breaks down the data and analysis behind the procurement of PCI compliance solutions and acts as an all-inclusive guide for making smart purchasing decisions.
“The demand for PCI compliance solutions mainly depends on the growth of end-user industries such as BFSI, education, retail, and transportation,” says SpendEdge procurement analyst Tridib Bora. “Also, the rise in the use of digital payment modes and promotion of cashless transactions across regions are increasing the adoption of PCI compliance solutions across businesses that process or transmit payment cards,” added Tridib.
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Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global PCI Compliance Solutions Market:
- Cloud-based PCI compliance solutions
- Provision of low-cost PCI compliance solutions
- Rise in adoption of PCI compliant solutions in Europe due to chip and PIN infrastructure
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Cloud-based PCI compliance solutions:
An increasing number of suppliers are providing cloud-based PCI compliance solutions for reducing infrastructure costs associated with setting up servers and platforms at buyers' operational facility. Cloud-based PCI compliance solutions offer various benefits including reductions in the overall PCI compliance costs by decreasing the costs associated with maintaining PCI stack. Moreover, it helps in reducing the infrastructural cost and also offers a highly scalable platform.
The provision of low-cost PCI compliance solutions:
Suppliers in this market space are increasingly introducing PCI compliance solutions at low costs. This helps organizations of all sizes to opt for PCI compliance solutions through minimum investments. Such solutions also increase the buyer's opportunity to avail PCI compliance solutions at extremely low costs.
Rise in the adoption of PCI compliant solutions in Europe due to chip and PIN infrastructure:
There is an increase in e-commerce activities in European countries such as the UK due to the rise in deployment of chip and PIN infrastructure. This has driven the adoption of PCI compliant solutions and auditing, especially in the e-commerce industry. The increasing adoption of PCI compliant solutions can be attributed to several factors including its ability to ensure that the buyers meet PCI compliance requirements.
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