Online Payment Fraud Market, By Components (Solutions (Fraud Analytics and Authentication), Services (Professional Services and Managed Services), By Deployment (On-premise and Cloud), By Vertical (BFSI, IT & Telecom, Retail & Consumer Packaged Goods, Government, Real Estate & Construction, Energy & Utilities and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Online payment scam is an illegal operation, which occurs via the internet. The cyber-criminals have created several methods to misuse and steal important information. Online spoofing and phishing are some of the common payment fraud types. These frauds are susceptible to the growing number of deceitful activities due to greater depth and breadth of data gathered from all e-banking, e-tailing, and e-commerce websites, around the world. These frauds are increasing on the back of the growing amount of e-commerce users and transactions, coupled with increasing online banking use. The detection systems for online banking require a compulsory protocol to prevent and detect fraud, as well as mitigate threats concerning unusual payment transaction patterns. The Online Payment Fraud Market accounted for US$ 4.6 billion in 2019 and is estimated to be US$ 18.6 billion by 2029 and is anticipated to register a CAGR of 15.0%.

Adaption of Artificial Intelligence and Machine Learning

Fraudulent activities and data breaches are growing revenue losses through millions of monetary transactions per day through several channels, owing to the rise in digitalization and internet penetration. On the other hand, growth in the adoption of Artificial Intelligence (AI) and Machine Learning (ML) to handle payment gateways is expected to fuel the rise of the online payment fraud detection market over the forecast period.

Fraud analytics is one of the emerging fields in online payment fraud market

The fraud analytics solution is anticipated to grow at a considerable growth rate over the forecast period. Fraud analytics is an acute discipline that includes a set of analytical methods to analyze an enterprise’s database and systems to detect the susceptibilities where scams can occur. They facilitate in analyzing and monitoring information from various data sources, detect unusual and suspicious behavior through all channels. Fraud detection also proactively identifies frauds and provide robust data security to enhance compliance.

 

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

 

Source: Prophecy Market Insights

The Global Online Payment Fraud Market is segmented based on components, deployments, vertical and region.

On the basis of Components, the Global Online Payment Fraud Market is segmented into Solutions (Fraud Analytics and Authentication), Services (Professional Services and Managed Services. Based on deployments, the target market is segmented into On-premise and Cloud. On the basis of vertical, the target market is segmented into BFSI, IT & Telecom, Retail & Consumer Packaged Goods, Government, Real Estate & Construction, Energy & Utilities and Others.

 Regional Insights:

On region the Global Online Payment Fraud Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa North America is possessing the largest share within this market due to several reason like early adaption of technologies, advent of multiple solution providers within the region with massive penetration of mobile devices and smartphones coupled with rising demand for e-commerce transactions while demand for online payment fraud detection solutions is rising in Europe, owing to the rise in frauds and crimes, as well as advanced bot and cyber -attacks. The European market is experiencing substantial growth opportunities owing to the major industry players focusing on increasing their market presence in several verticals that include telecommunications, BFSI, public/government sector, retail, and manufacturing. 

 

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2030
Market representation	Revenue in USD Million & CAGR from 2020 – 2030
Market Segmentation	By Components- Solutions (Fraud Analytics and Authentication), Services (Professional Services and Managed Services By Deployments– On-premise and Cloud. By Vertical– BFSI, IT & Telecom, Retail & Consumer Packaged Goods, Government, Real Estate & Construction, Energy & Utilities and Others.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Online Payment Fraud Market report based on components, depolyments, vertical and region.

Global Online Payment Fraud Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating in the Global Online Payment Fraud Market includes IBM, FICO, SAS Institute, BAE Systems, DXC Technology, SAP, ACI Worldwide, Fiserv, NICE Systems, Experian, LexisNexis Risk solutions, Iovation, Others.

• IBM
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
•  FICO
•  SAS Institute
•   BAE Systems
•  DXC Technology
•  SAP
•  ACI Worldwide
•  Fiserv
•  NICE Systems
•  Experian
•  LexisNexis Risk solutions
•  Iovation
• Others

 “*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for online payments fraud Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Components
     • Market Snippet, By Deployments
     • Market Snippet, By Vertical
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Global In-Vehicle Payments Market, By Components, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Segment Trends
   • Solutions
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Services
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
6. Global In-Vehicle Payments Market, By Deployments, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Segment Trends
   • On Premise
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Cloud
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
7. Global In-Vehicle Payments Market, By Vertical, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Segment Trends
   • BFSI
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • IT & Telecom
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Retail & Consumer Packaged Goods
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Government
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Real Estate & Construction
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Energy & Utilities
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
   • Others
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

 

8. Global In-Vehicle Payments Market, By Region, 2020 – 2030, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
     • Y-o-Y Growth Analysis (%), 2020 – 2030
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Mn), By Components, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Deployments, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Vertical, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Mn), By Components, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Deployments, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Vertical, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • UK
       • France
       • Germany
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Mn), By Components, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Deployments, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Vertical, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • India
       • Japan
       • South Korea
       • China
       • Rest of Asia Pacific
   • Latin America
     • Market Size and Forecast (US$ Mn), By Components, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Deployments, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Vertical, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • Brazil
       • Mexico
       • Rest of Latin America
   • Middle East & Africa
     • Market Size and Forecast (US$ Mn), By Components, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Deployments, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Vertical, 2020 – 2030
     • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
       • GCC
       • Israel
       • South Africa
       • Rest of Middle East
9. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
10. Company Profiles

• IBM
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
•  FICO
•  SAS Institute
•   BAE Systems
•  DXC Technology
•  SAP
•  ACI Worldwide
•  Fiserv
•  NICE Systems
•  Experian
•  LexisNexis Risk solutions
•  Iovation
• Others

11. The Last Word
    • Future Impact
    • About Us
    • Contact