The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising ecommerce platform transactions are expected to fuel innovation in ecommerce fraud detection and prevention manufacturing, propelling the market during the forecast period.

The global ecommerce fraud detection and prevention market is expected to grow from $41.37 billion in 2022 to $49.99 billion in 2023 at a compound annual growth rate (CAGR) of 20.8%. The ecommerce fraud detection and prevention market is expected to grow to $106.08 billion in 2027 at a CAGR of 20.7%.

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Global ECommerce Fraud Detection And Prevention Market Segments Include:

• By Type: Cloud Based, On-Premise
• By Fraud Type: Card Testing, Credit Card Fraud, Friendly Fraud, Identity Theft, Merchant Fraud, Phishing, Refund Fraud
• By Application: SME, Larhe Enterprise
• 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
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global ecommerce fraud detection and prevention market in 2021.

Major Market Players in the ecommerce fraud detection and prevention market include Bolt Financial Inc., ClearSale, Forter, FraudLabs Pro, Kount Inc., LexisNexis Risk Solutions Group, Riskified, SEON Technologies Ltd.

Technological progress is a key trend that is gaining traction in the ecommerce fraud detection and prevention market. Major market players are utilising advanced technologies to maintain their position in the ecommerce fraud detection and prevention market. For example, Forter, a US-based fraud prevention software company, launched Forter Smart Routing in July 2020, which is an automated payment routing solution designed to assist businesses in avoiding revenue loss caused by erroneous payment declines throughout the payment process. Payment routing decisions that are automated, preventing incorrect declines and cutting lost income by half. Forter Smart Routing is the first industry-wide solution that empowers merchants. Forter Smart Routing’s distinguishing features include accurate pre-auth fraud detection, dynamic 3DS, smart routing, and decline recovery.

The ECommerce Fraud Detection And Prevention Global Market Report 2023  provides a ecommerce fraud detection and prevention market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The ecommerce fraud detection and prevention market forecast analyzes ecommerce fraud detection and prevention market size, ecommerce fraud detection and prevention market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Ecommerce fraud detection and prevention refers to all of the procedures and methods that an online store can use to reduce the amount of money and resources lost to fraud.

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