Global eCommerce Fraud Detection and Prevention Market worth USD 8.92 Billion by 2024

Global eCommerce Fraud Detection and Prevention Market worth USD 8.92 Billion by 2024

Pune, India, April 03, 2019 -- /360iResearch/ -- The report "Global eCommerce Fraud Detection and Prevention Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2019 Update)", published by 360iResearch, states that the global market was valued at USD 1.98 billion in 2017 and is projected to reach USD 8.92 billion by 2024, growing at a CAGR of 23.97% from 2017 to 2024.

The major forces driving the growth of the ecommerce fraud detection and prevention market include the adoption of risk-based authentication models such as biometric authentication model and wholistic approach to secure data, transaction, and customer. However certain factors such as the limited data visibility producing significant false positive may hinder the market growth. In the middle of difficulty lies opportunity such as the use of ai and machine learning to fight e-commerce fraud, and balancing fraud prevention with customer satisfaction. The possible challenges for the market growth is account and identity-theft fraud are still rising. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on fraud type, the global ecommerce fraud detection and prevention market is studied across Card Testing, Credit Card Fraud, Friendly Fraud, Identity Theft, Merchant Fraud, Phishing, and Refund Fraud. Based on industry, the global ecommerce fraud detection and prevention market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on geography, the global ecommerce fraud detection and prevention market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the ecommerce fraud detection and prevention market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Accertify, Inc., Arbutus Software Inc., Bolt Financial, Inc., CardinalCommerce, DupZapper, Forter, FraudLabsPro.com., Kount Inc., LexisNexis, MaxMind, Inc., Riskified Inc., SIMILITY, Sift, Signifyd, Subuno, and Valitor.

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