Top Trends Transforming the Online Payment Fraud Detection Market Landscape in 2025: Advances In Machine Learning Tools Enhance Online Payment Fraud Detection Strategies

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Online Payment Fraud Detection Industry Market Size Be by 2025?
The digital payment fraud detection market has experienced significant growth in the recent past, which shows no signs of stopping. The market size, which was valued at $9.56 billion in 2024, is projected to reach $11.16 billion in 2025, growing at a compound annual growth rate (CAGR) of 16.8%. The historical era's growth is partly due to increasing dependence on conventional fraud detection systems which are not as adaptable to new threats, the growing complexity of manual transaction tracking measures, the escalating costs of chargebacks and fraud-related losses, a surge in merchant adoption of early fraud warning systems, and an amplified focus by governments on the security of digital payment infrastructure.

What's the Long-Term Growth Forecast for the Online Payment Fraud Detection Market Size Through 2029?
The market size for detection of fraud in online payments is projected to experience a swift expansion in the coming years. By 2029, it is expected to reach $20.52 billion with a compound annual growth rate (CAGR) of 16.4%. This surge during the forecast period is primarily due to the increased integration of AI and machine learning in detecting fraud, heightened use of biometric authentication in online transactions, rising need for instantaneous fraud analytic solutions, growth of digital wallets and tap-and-go payments, and stricter law enforcement on payment security compliance. Key trends anticipated during this forecast period include enhancements in AI-driven fraud detection systems, progression of real-time transaction monitoring tools, innovations in biometric authentication techniques, improvements in predictive analytics for countering fraud, and emergence of cloud-based platforms for detecting fraud.

View the full report here:
https://www.thebusinessresearchcompany.com/report/online-payment-fraud-detection-global-market-report

What Are the Key Growth Drivers Fueling the Online Payment Fraud Detection Market Expansion?
The surge in the use of digital payments is projected to stimulate the expansion of the online payment fraud detection market in the future. Digital payment encompasses the use of electronic methods such as contactless cards, online banking, and mobile wallets to carry out financial transactions. The growth in digital payments is primarily fuelled by the widespread use of smartphones and the internet, which allows users worldwide to execute instantaneous transactions with simplicity and comfort. Online payment fraud detection employs AI and analytics to spot and halt suspect activity in real time, thereby boosting user trust, diminishing losses, and assuring secure, compliant payment experiences. For instance, the European Central Bank reported in January 2024 that, in the first half of 2023, the Germany-based central bank of the European Union countries saw a rise of 24.3% in the number of contactless card payments from 20.9 billion in the first half of 2022. The corresponding total value also shot up by 25.9% to €0.5 trillion ($545.27 billion). Hence, the swift uptake of digital payments is propelling the growth of the online payment fraud detection market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=27116&type=smp

What Are the Key Trends Driving Online Payment Fraud Detection Market Growth?
Key players in the online payment fraud detection industry are concentrating on the development of cutting-edge technology, like fraud detection systems driven by machine learning, to equip financial organizations with proactive security measures against emerging cyber threats. These machine-learning-enabled fraud detection systems scrutinize transaction behavior to identify irregularities and emerging dangers, while continually enhancing accuracy via adaptive learning. For instance, in October 2022, Checkout.com, a UK-based cloud-based payment solutions firm, introduced Fraud Detection Pro. This is a sophisticated, configurable fraud deterrent solution powered by machine learning and an extensive network of worldwide transaction data. This solution assesses billions of transactions globally, allowing merchants to tailor their fraud control strategies with superior rules and decision methodologies. This effectively prevents fraud while reducing hurdles for authentic customers. It's engineered to rapidly adapt to evolving fraud techniques such as bot attacks and synthetic identities, thereby aiding global businesses in minimizing losses caused by payment fraud.

How Is the Online Payment Fraud Detection Market Segmented?
The online payment fraud detection market covered in this report is segmented -

1) By Component: Software, Services
2) By Deployment Mode: On-Premises, Cloud
3) By Fraud Type: Identity Theft, Account Takeover, Card Not Present Fraud, Transaction Laundering
4) By Organization Size: Small And Medium Enterprises, Large Enterprises
5) By Vertical: Banking, Financial Services, And Insurance (BFSI), Information Technology (IT) And Telecommunications (Telecom), Government, Real Estate And Construction, Energy And Utilities, Other Verticals

Subsegments:
1) By Software: Fraud Analytics, Authentication, Reporting And Visualization, Risk And Compliance Management
2) By Services: Professional Services, Managed Services

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=27116&type=smp

Which Companies Are Leading the Charge in Online Payment Fraud Detection Market Innovation?
Major companies operating in the online payment fraud detection market are International Business Machines Corporation, Visa Inc., DXC Technology Company, Experian plc, SAS Institute Inc., LexisNexis Risk Solutions Inc., NICE Ltd., Worldpay Inc., ACI Worldwide Inc., Fair Isaac Corporation, Forter Ltd., RSA Security LLC, Riskified Ltd., CyberSource Corporation, Sift Science Inc., Kount Inc., Gurucul Inc., FRISS Fraud Detection Software B.V., MaxMind Inc., DataVisor Inc., Cleafy S.r.l.

Which Regions Are Leading the Global Online Payment Fraud Detection Market in Revenue?
North America was the largest region in the online payment fraud detection market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online payment fraud detection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=27116

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.