Press release
2023 Online Payment Fraud Detection Market Analysis, Demand and Forecast 2028 | ACI Worldwide, Fiserv, DXC Technology Company
The Online Payment Fraud Detection Market is predicted to develop primarily as a result of the rise in revenue losses brought on by fraud, as well as the adoption of digitalization and IoT, which have accelerated the uptake of fraud detection and prevention systems. A rise in the usage of mobile banking services and online payment apps has led to an increase in the quantity of fake websites and mobile apps. Other sectors, such as manufacturing, healthcare, retail and e-commerce, are seeing an increase in fake websites and online apps. These websites and applications mimic legitimate retail establishments and home delivery services in an effort to trick customers into completing fraudulent online purchases.
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The Key companies profiled in the Online Payment Fraud Detection Market:
The study examines the Online Payment Fraud Detection Market's competitive landscape and includes data on ACI Worldwide, Fiserv, DXC Technology Company, BAE Systems, FIS, Dell, NICE Actimize, FICO, Experian Information Solutions, IBM, Software AG, SAS Institute & Others.
Global Online Payment Fraud Detection Market Split by Product Type and Applications
This report segments the Online Payment Fraud Detection Market on the basis of Types:
Fraud Analytics
Authentication
Reporting and Visualization
On the basis of Application, the Online Payment Fraud Detection Market is segmented into:
BFSI
Retail
Healthcare
Telecommunications
Others
There are several key aspects that are anticipated to fuel the growth of the online fraud payment detection market, including the expanding number of internet users, the rising adoption of digital payment methods, and the rising number of start-ups. The extensive use of technologies, such as card-chip technology and new digital channels, has also made thieves more adaptable and cooperative with the nature of financial crime, which is expanding quickly. The global market for online payment fraud detection is expanding as a result of rising internet usage and digitalization in emerging and underdeveloped nations.
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The growing use of artificial intelligence, predictive analysis, and machine learning in the banking sector, as well as the rising demand for fraud detection and prevention solutions in SMEs, present a number of opportunities in the Online Payment Fraud Detection Market. These factors are anticipated to drive market growth over the course of the forecast period. Additionally, as internet usage and digitalization rise globally, data breaches and fraudulent activities result in increased revenue losses from millions of transactions per day across several channels. As a result, it is projected that the market for online payment fraud detection would expand dramatically during the next few years.
Online Payment Fraud Detection Market Report Gives Answers to Following Key Questions:
What will the trends and growth rate of the market for Online Payment Fraud Detection be? What research has been done on the costs, profits, and output of the leading manufacturers of Online Payment Fraud Detection?
What driving forces are at work in the global market for Online Payment Fraud Detection? Which businesses are the market leaders for Online Payment Fraud Detection?
Which businesses are the market leaders for Online Payment Fraud Detection? Which market opportunities, risks, and strategies did they adopt for their business?
What are the market's possibilities and threats for suppliers to the worldwide Online Payment Fraud Detection?
What is the regional sales, income, and pricing analysis for the Online Payment Fraud Detection market? Who are the distributors, merchants, and resellers in the market for Online Payment Fraud Detection?
What are the primary geographic regions for the numerous trades predicted to experience remarkable increase over the Online Payment Fraud Detection Market?
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Online payment fraud detection has few limitations but offers many capabilities including better win insights and attribution around drivers as well as improved sales targeting efficiency. The shortage of qualified security specialists and SMEs' lack of understanding of digital frauds are two important factors that are anticipated to impede the growth of the worldwide online payment fraud detection market. Additionally, one of the restraints that is projected to impede the market's growth throughout the forecast period is the high operating and installation expenses that organisations must bear in relation to the adoption of online payment fraud detection systems. Additionally, businesses store essential documents and records of their customers' data on the servers.
Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Online Payment Fraud Detection Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Online Payment Fraud Detection Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Online Payment Fraud Detection Market Analysis
Chapter 6 East Asia Online Payment Fraud Detection Market Analysis
Chapter 7 Europe Online Payment Fraud Detection Market Analysis
Chapter 8 South Asia Online Payment Fraud Detection Market Analysis
Chapter 9 Southeast Asia Online Payment Fraud Detection Market Analysis
Chapter 10 Middle East Online Payment Fraud Detection Market Analysis
Chapter 11 Africa Online Payment Fraud Detection Market Analysis
Chapter 12 Oceania Online Payment Fraud Detection Market Analysis
Chapter 13 South America Online Payment Fraud Detection Market Analysis
Chapter 14 Company Profiles and Key Figures in Online Payment Fraud Detection Business
Chapter 15 Global Online Payment Fraud Detection Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...
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