eCommerce Fraud Detection And Prevention Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities

The eCommerce Fraud Detection And Prevention Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the eCommerce Fraud Detection And Prevention Market?
The market size for ecommerce fraud detection and prevention has seen substantial growth in recent times. It is projected to expand from $61.01 billion in 2024 to $73.96 billion in 2025, reflecting a compound annual growth rate (CAGR) of 21.2%. The expansion witnessed during the historical period can be linked to manual review procedures, fundamental rule-based systems, restrictions on payment options, the early onset of data analytics, and security protocols.

The market for ecommerce fraud detection and prevention is projected to witness a remarkable surge in the upcoming years. The market size is poised to reach $160.02 billion in 2029, with a compound annual growth rate (CAGR) of 21.3%. This forecasted growth can be linked to factors such as a rise in online shopping, machine learning advancements, behavioural biometrics, AI-driven automation, international data sharing and collaboration, multi-factor authentication (MFA) development, and the implementation of predictive analytics. Key trends for the forecast period encompass the amalgamation with e-commerce platforms, biometric verification, geolocation and IP scrutiny, cross-channel fraud deterrence, and the utilization of blockchain for secure transactions.

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What Are the Different eCommerce Fraud Detection And Prevention Market Segments?
The ecommerce fraud detection and prevention market covered in this report is segmented -

1) By Type: Cloud Based, On-Premise
2) By Fraud Type: Card Testing, Credit Card Fraud, Friendly Fraud, Identity Theft, Merchant Fraud, Phishing, Refund Fraud
3) By Application: SME, Large Enterprise
4) By Industry: Automotive And Transportation, Banking, Financial Services And Insurance, Consumer Goods And Retail, Education, Government And Public Sector, Healthcare And Life Sciences, Information Technology, Media And Entertainment, Telecommunication, Travel And Hospitality

Subsegments:
1) By Cloud-Based: Software As A Service (SaaS), Platform As A Service (PaaS)
2) By On-Premise: On-Premise Software, Custom Solutions

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What Are the Primary Drivers Shaping the eCommerce Fraud Detection And Prevention Market?
The swelling number of transactions on ecommerce platforms is forecasted to fuel the expansion of the ecommerce fraud detection and prevention market. Ecommerce platforms, which largely facilitate business transactions online, show an increased requirement for ecommerce fraud detection and prevention tools and services. These services assess the potential risk associated with each transaction and identify high-risk transactions through algorithm-based analysis. For instance, a government report from the United Kingdom in November 2023 projected that ecommerce revenues in the UK would have an average annual growth rate of 12.6% by 2025. Subsequently, placing the UK as the third-largest e-commerce market worldwide, following China and the U.S. Revenues are anticipated to hit $285.60 billion by 2025. Hence, the surge in eCommerce platforms is stimulating the expansion of the eCommerce fraud detection and prevention market.

Which Companies Are Leading in the eCommerce Fraud Detection And Prevention Market?
Major companies operating in the ecommerce fraud detection and prevention market are Forter, Riskified, Signifyd, Kount, Sift, ACI Worldwide, Fiserv PLC, LexisNexis Risk Solutions, Experian, ClearSale, Accertify, FICO, TransUnion, PayPal, ThreatMetrix, Cybersource, RSA Security, IDology, NoFraud, Emailage, Fraud.net, Radial, Pipl, Ekata, iovation, NS8 Inc., Seon, BioCatch, Trustpilot, Feedzai

What Are the Major Trends Shaping the eCommerce Fraud Detection And Prevention Market?
The incorporation of advanced technology is a rising trend in the ecommerce fraud detection and prevention market, vital for companies aiming to maintain their market dominance. For example, in October 2022, DG Financial Technology, a prestigious payment service provider based in Japan, launched Sift, a groundbreaking AI-driven fraud detection system. With an established clientele and infrastructure in the online payment solutions industry in Japan, Sift was introduced as a holistic fraud detection and prevention platform. The application employs artificial intelligence to quickly identify and counteract fraud on e-commerce sites and digital avenues, ranging from credit card fraud to account hijacks, while also reducing chargebacks. The primary objective of Sift, aside from minimizing the damage from fraudulent actions, is to improve prevention strategies in general, thereby leading to increased revenue for businesses in the digital space.

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What Are the Top Revenue-Generating Geographies in the eCommerce Fraud Detection And Prevention Market?
North America was the largest region in the ecommerce fraud detection and prevention market share in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the ecommerce fraud detection and prevention market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the eCommerce Fraud Detection And Prevention Market?
2. What is the CAGR expected in the eCommerce Fraud Detection And Prevention Market?
3. What Are the Key Innovations Transforming the eCommerce Fraud Detection And Prevention Industry?
4. Which Region Is Leading the eCommerce Fraud Detection And Prevention Market?

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