How Online Payment Fraud Detection Market Players have Encountered Temporary Covid-19 Tailwinds; Worth Watching New Growth Cycle

Online Payment Fraud Detection Market Latest Edition Published with Forecast to 2027


According to the report, Integration of AI in Online Payment Fraud Management Solutions is one of the primary growth factors for the market. Increasing Demand to Reduce the Financial Losses Caused By Frauds is also expected to contribute significantly to the Online Payment Fraud Detection market. Overall, applications of Online Payment Fraud Detection, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Deployment Mode, such as On-Premise, is boosting the Online Payment Fraud Detection market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Services, such as Professional Services, is boosting the Online Payment Fraud Detection market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Organization Size, such as SMEs, is boosting the Online Payment Fraud Detection market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Industry Verticals, such as IT & Telecom, is boosting the Online Payment Fraud Detection market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Solution, such as Fraud Analytics, is boosting the Online Payment Fraud Detection market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Online Payment Fraud Detection market identified that the demand is rising in many different parts of the world as "Increasing Demand for Fraud Detection and Prevention Solutions in SMEs". Furthermore, some recent industry insights like "In July 2020, NICE Actimize enhanced SURVEIL-X, a holistic trade surveillance solution. The company enhanced SURVEIL-X with self-service analytics for customs risk detection. SURVEIL-X Studio enables Financial Services Organizations (FSOs) to rapidly create, test, and deploy custom analytics risk detection models to close regulatory and operational risk gaps." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Online Payment Fraud Detection market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Online Payment Fraud Detection market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Online Payment Fraud Detection market size is calculated using market estimation process, the Online Payment Fraud Detection market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Online Payment Fraud Detection market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager