Stay Ahead of the Game with Online Payment Fraud Detection Market

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Stay Ahead of the Game with Online Payment Fraud Detection Market

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The online payment fraud detection market is concerned with the prevention of fraudulent transactions in e-commerce. The market is driven by the need for secure and reliable payment systems as online transactions become more popular. The market includes a range of technologies and services, such as machine learning algorithms, biometric authentication, and real-time monitoring to detect and prevent fraud. – PowerPoint PPT presentation

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Title: Stay Ahead of the Game with Online Payment Fraud Detection Market

1
Online Payment Fraud Detection Market
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As per a study by Persistence Market Research,
from US 7 Billion in 2022 to US 25.1 Billion in
2032, the global Online Payment Fraud Detection
Market is predicted to grow at a 13.6 CAGR from
2022 to 2032. The major factors that are expected
to drive the growth of the online payment fraud
detection market include increase in revenue loss
due to fraud as well as the Adoption of
digitalization and IoT, which have increased the
adoption rate of fraud detection and prevention
system. Request the sample copy of report
_at_ https//www.persistencemarketresearch.com/sample
s/33078 The increased use of online payment
applications and mobile banking services has
resulted in an increase in the number of bogus
websites and mobile apps. Fake websites and
online apps are on the rise in other industries,
including retail and eCommerce, manufacturing,
and healthcare. These websites and apps imitate
real retail stores and home delivery services,
luring clients into making fraudulent online
transactions. Customers in the banking industry
are increasingly using mobile applications for a
variety of purposes, including online payment,
statement review, complaint registration, and
feedback.
Online Payment Fraud Detection Market
3
Key Takeaways

By component, online payment fraud detection
solutions is expected to grow at a CAGR of 13.2
during the forecast period
On the basis of deployment, cloud-based online
payment fraud detection to experience a CAGR of
13.1
Online payment fraud detection market for the U.S
is expected to be worth US 8.2 Billion by 2032
China is expected to reach US 2 billion by
2032, growing at a CAGR of 13.1 until 2032
Japan to have a market size of US 1.6 billion by
2032
U.K is expected to have a market size of US 1.1
Billion by 2032, with a CAGR of 12.6

Online Payment Fraud Detection Market
4
Competitive Landscape

Major players such as
IBM
FICO
SAS
BAE Systems
DXC Technology
SAP
ACI Worldwide
Fiserv
NICE Systems
Experian
among others are expected to dominate the market
share in terms of revenue.

Online Payment Fraud Detection Market
5
Recent Developments

In April 2021, NICE Actimize launched SURVEIL-X,
an AI-powered suitability and surveillance
solution for the wealth and insurance sector. The
solution developed on holistic surveillance
platform called as SURVEIL-X.
In February 2021, ClearSale LLC launched an
e-commerce podcast to detect and mitigate fraud
activities. The solution is developed to discuss
challenges and emerging trends related to fraud
across e-commerce and social media platforms
during the ongoing COVID-19 pandemic.
In November 2020, BAE Systems upgraded its
NetReveal KYC/CDD, watch list screening, and
anti-money laundering transaction monitoring, and
filtering solutions services.