Rising ATM Fraud Incidents Fueling Growth In ATM Security Market: A Key Factor Shaping the Future of the Payment Card Skimming Market in 2025

Which drivers are expected to have the greatest impact on the over the payment card skimming market's growth?
The rising incidence of ATM fraud is expected to drive the growth of the payment card skimming market. ATM fraud, which involves unauthorized access to financial information, is growing due to advancements in technology. Payment card skimming tools help protect against fraud by enhancing ATM security, including PIN authentication, encryption, and surveillance. According to Merchant Savvy, total card fraud in the UK reached £556.3 million in 2022, a 6% increase from 2021. Therefore, the increasing incidence of ATM fraud is fueling the growth of the payment card skimming market.

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What is the future CAGR of the payment card skimming market, and how will it impact industry expansion?
The payment card skimming market has shown rapid growth in recent years, projected to grow from $3.56 billion in 2024 to $4.01 billion in 2025, with a CAGR of 12.7%. This growth is due to the increasing adoption of payment cards and electronic transactions, the spread of ATMs and point-of-sale (POS) terminals, lack of awareness about skimming risks, regulatory pressures, and changes in consumer spending behavior.

The payment card skimming market is expected to grow rapidly, reaching $6.41 billion by 2029 with a CAGR of 12.5%. This growth is due to the rise in contactless payments, reduced physical card exposure, mobile wallet usage, enhanced payment security regulations, and the growth of electronic payment systems. Key trends include a focus on prevention technologies, AI integration, machine learning, blockchain, and advancements in payment security.

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What are the most significant trends transforming the payment card skimming market today?
Companies in the payment card skimming market are using artificial intelligence, such as generative AI, to enhance fraud detection and improve security. For example, in May 2024, Mastercard Inc., a US-based payment card services corporation, introduced a system that uses generative AI to analyze transaction data, doubling detection rates for compromised cards and reducing false positives while identifying fraud patterns more efficiently.

Which key market segments comprise the payment card skimming market and drive its revenue growth?
The payment card skimming market covered in this report is segmented -

1) By Component: Solution, Service
2) By Deployment Mode: On-Premise, Cloud
3) By Organization Size: Large Enterprise, Small And Medium-sized Enterprises
4) By Application: Identity Theft, Payment Fraud, Money Laundering, Automated Teller Machine (ATMs), Other Applications

Subsegments:
1) By Hardware Solutions: Skimming Detection Devices, Anti-Skimming Terminals, Security System Integrations (E.G., CCTV, Sensors)
2) By Software Solutions: Fraud Detection Software, Skimming Prevention Software, Transaction Monitoring Systems, Data Encryption Solutions, Point-Of-Sale (POS) Security Software
3) By Service: Consulting Services, Risk Assessment And Security Audits, Skimming Prevention And Security Strategy Consulting, Training And Awareness Services, Employee Training On Skimming Detection, Consumer Awareness Programs, Maintenance And Support Services, System Maintenance For Anti-Skimming Technologies, Software Updates And Upgrades, Managed Security Services, Real-Time Monitoring Of Payment Card Transactions, Incident Response Services

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What regions are at the forefront of payment card skimming market expansion?
North America was the largest region in the payment card skimming market in 2024. The regions covered in the payment card skimming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the payment card skimming market?
Major companies operating in the payment card skimming market are Fiserv Inc., NCR Voyix Corporation, Zebra Technologies Corporation, Fortinet Inc., Diebold Nixdorf Incorporated, IDEMIA Identity & Security USA LLC, Check Point Software Technologies Ltd., Trend Micro Incorporated, Axis Communications AB, ACI Worldwide Inc., Fair Isaac Corporation (FICO), Ingenico Group SA, CyberArk Software Ltd., Verifone Systems Inc., McAfee LLC, Trustwave Holdings Inc., SAI360 Inc., MagTek Inc., Matrix IFS Ltd., Bluefin Payment Systems LLC, Sesame Software LLC, ComplianceForge LLC, Rivial Data Security LLC, C2C SmartCompliance LLC, Riskskill Inc.

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What Is Covered In The Payment Card Skimming Global Market Report?

•Market Size Forecast: Examine the payment card skimming market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the payment card skimming market for a structured understanding.
•Key Players Overview: Analyze major players in the payment card skimming market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the payment card skimming market.
•Segment Contributions: Evaluate how different segments drive overall growth in the payment card skimming market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the payment card skimming market.
•Industry Challenges: Identify potential risks and obstacles affecting the payment card skimming market.
•Competitive Landscape: Review strategic developments in the payment card skimming market, including expansions, agreements, and new product launches.

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