The Global Payment Card Skimming Market size is expected to reach $5.6 billion by 2030, rising at a market growth of 9.6% CAGR during the forecast period.
North America segment experiences a high incidence of payment card fraud, including skimming attacks. Therefore, the North America segment captured $969.0 million revenue in the market in 2022. Cybercriminals looking to take advantage of weaknesses in payment systems and steal private cardholder information find the region appealing due to its sizable population, extensive ATMs, point-of-sale terminals, and online payment systems.
Electronic payment methods offer convenience and accessibility for consumers, allowing them to make purchases, transfer funds, and conduct financial transactions anytime, anywhere. The interconnected nature of global payment networks increases the risk of payment card skimming, as cybercriminals exploit vulnerabilities in payment infrastructure to steal card data from unsuspecting victims worldwide. Therefore, the growing adoption of electronic payment methods worldwide drives the market's growth.
Additionally, the number of daily online transactions has significantly increased due to the expansion of the global e-commerce sector. according to the ITA, over 80% of internet users in France, or 41.8 million people, purchased online in 2021. Online buyers tend to shop more frequently, about 50 times a year, with an average transaction value of $73 (€62) in 2021. In 2021, they spent about $3,667 (€3,100) on their purchases. Hence, the growth of the global e-commerce industry is driving the market's growth.
However, Advanced security technologies, such as encryption, tokenization, and intrusion detection systems, require significant upfront investment in hardware, software, and infrastructure. The costs associated with maintenance and support can be recurring and may escalate over time as security requirements evolve and threats become more sophisticated. Hence, high implementation costs associated with advanced security measures hamper the market's growth.
By Component Analysis
Based on component, the market is bifurcated into solution and services. The services segment attained a significant revenue share in the market in 2022. The landscape of payment card skimming threats constantly evolves, with cybercriminals employing increasingly sophisticated tactics and techniques to perpetrate fraud. As a result, organizations require specialized expertise and comprehensive solutions to detect, prevent, and mitigate the risks associated with payment card skimming.
By Organization Size Analysis
Based on organization size, the market is categorized into large enterprise and small & medium-sized enterprises. In 2022, the large enterprise segment registered the highest revenue share in the market. Large enterprises typically operate at a significant scale, with extensive payment infrastructure, diverse business operations, and a high volume of transactions.
By Deployment Type Analysis
On the basis of deployment type, the market is segmented into on-premise and cloud. In 2022, the cloud segment attained a noteworthy revenue share in the market. Cloud-based solutions offer scalability and flexibility, allowing organizations to quickly scale their security infrastructure up or down in response to changing business needs, transaction volumes, and security requirements.
By Application Analysis
By application, the market is divided into identity theft, payment fraud, money laundering, ATMs, and others. In 2022, the identity theft segment registered the highest revenue share in the market. Payment card data exploitation for illicit purposes and unauthorized access are major concerns, as seen by the growing need for solutions in this market.
By Regional Analysis
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region generated a substantial revenue share in the market. The region is experiencing rapid economic growth, increased consumer spending, and a growing reliance on electronic payment methods. As the region undergoes digital transformation and adopts new technologies for financial transactions.
List of Key Companies Profiled
- Fiserv, Inc. (Clover Network, Inc.)
- InvestEdge, Inc. (Featheringill Capital)
- C2C SmartCompliance LLC
- Sesame Software (Speridian Technologies)
- SAI360 Inc. (BWise)
- Matrix IFS (Matrix Business IT)
- Rivial Data Security LLC
- Riskskill
- Compliance Forge, LLC
- NCR Atleos Corporation (NCR Corporation)
Global Payment Card Skimming Market Report Segmentation
By Component
By Organization Size
- Large Enterprise
- Small & Medium-Sized Enterprises
By Deployment Type
By Application
- Identity Theft
- ATMs
- Payment Fraud
- Money Laundering
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Payment Card Skimming Market, by Component
- 1.4.2Global Payment Card Skimming Market, by Organization Size
- 1.4.3Global Payment Card Skimming Market, by Deployment Type
- 1.4.4Global Payment Card Skimming Market, by Application
- 1.4.5Global Payment Card Skimming Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
- 3.3Porter's Five Forces Analysis
Chapter 4.Global Payment Card Skimming Market, By Component
- 4.1Global Solution Market, By Region
- 4.2Global Services Market, By Region
Chapter 5.Global Payment Card Skimming Market, By Organization Size
- 5.1Global Large Enterprise Market, By Region
- 5.2Global Small & Medium-Sized Enterprises Market, By Region
Chapter 6.Global Payment Card Skimming Market, By Deployment Type
- 6.1Global On-Premise Market, By Region
- 6.2Global Cloud Market, By Region
Chapter 7.Global Payment Card Skimming Market, By Application
- 7.1Global Identity Theft Market, By Region
- 7.2Global ATMs Market, By Region
- 7.3Global Payment Fraud Market, By Region
- 7.4Global Money Laundering Market, By Region
- 7.5Global Others Market, By Region
Chapter 8.Global Payment Card Skimming Market, By Region
- 8.1North America Payment Card Skimming Market
- 8.1.1North America Payment Card Skimming Market, By Component
- 8.1.1.1North America Solution Market, By Country
- 8.1.1.2North America Services Market, By Country
- 8.1.2North America Payment Card Skimming Market, By Organization Size
- 8.1.2.1North America Large Enterprise Market, By Country
- 8.1.2.2North America Small & Medium-Sized Enterprises Market, By Country
- 8.1.3North America Payment Card Skimming Market, By Deployment Type
- 8.1.3.1North America On-Premise Market, By Country
- 8.1.3.2North America Cloud Market, By Country
- 8.1.4North America Payment Card Skimming Market, By Application
- 8.1.4.1North America Identity Theft Market, By Country
- 8.1.4.2North America ATMs Market, By Country
- 8.1.4.3North America Payment Fraud Market, By Country
- 8.1.4.4North America Money Laundering Market, By Country
- 8.1.4.5North America Others Market, By Country
- 8.1.5North America Payment Card Skimming Market, By Country
- 8.1.5.1US Payment Card Skimming Market
- 8.1.5.1.1US Payment Card Skimming Market, By Component
- 8.1.5.1.2US Payment Card Skimming Market, By Organization Size
- 8.1.5.1.3US Payment Card Skimming Market, By Deployment Type
- 8.1.5.1.4US Payment Card Skimming Market, By Application
- 8.1.5.2Canada Payment Card Skimming Market
- 8.1.5.2.1Canada Payment Card Skimming Market, By Component
- 8.1.5.2.2Canada Payment Card Skimming Market, By Organization Size
- 8.1.5.2.3Canada Payment Card Skimming Market, By Deployment Type
- 8.1.5.2.4Canada Payment Card Skimming Market, By Application
- 8.1.5.3Mexico Payment Card Skimming Market
- 8.1.5.3.1Mexico Payment Card Skimming Market, By Component
- 8.1.5.3.2Mexico Payment Card Skimming Market, By Organization Size
- 8.1.5.3.3Mexico Payment Card Skimming Market, By Deployment Type
- 8.1.5.3.4Mexico Payment Card Skimming Market, By Application
- 8.1.5.4Rest of North America Payment Card Skimming Market
- 8.1.5.4.1Rest of North America Payment Card Skimming Market, By Component
- 8.1.5.4.2Rest of North America Payment Card Skimming Market, By Organization Size
- 8.1.5.4.3Rest of North America Payment Card Skimming Market, By Deployment Type
- 8.1.5.4.4Rest of North America Payment Card Skimming Market, By Application
- 8.2Europe Payment Card Skimming Market
- 8.2.1Europe Payment Card Skimming Market, By Component
- 8.2.1.1Europe Solution Market, By Country
- 8.2.1.2Europe Services Market, By Country
- 8.2.2Europe Payment Card Skimming Market, By Organization Size
- 8.2.2.1Europe Large Enterprise Market, By Country
- 8.2.2.2Europe Small & Medium-Sized Enterprises Market, By Country
- 8.2.3Europe Payment Card Skimming Market, By Deployment Type
- 8.2.3.1Europe On-Premise Market, By Country
- 8.2.3.2Europe Cloud Market, By Country
- 8.2.4Europe Payment Card Skimming Market, By Application
- 8.2.4.1Europe Identity Theft Market, By Country
- 8.2.4.2Europe ATMs Market, By Country
- 8.2.4.3Europe Payment Fraud Market, By Country
- 8.2.4.4Europe Money Laundering Market, By Country
- 8.2.4.5Europe Others Market, By Country
- 8.2.5Europe Payment Card Skimming Market, By Country
- 8.2.5.1Germany Payment Card Skimming Market
- 8.2.5.1.1Germany Payment Card Skimming Market, By Component
- 8.2.5.1.2Germany Payment Card Skimming Market, By Organization Size
- 8.2.5.1.3Germany Payment Card Skimming Market, By Deployment Type
- 8.2.5.1.4Germany Payment Card Skimming Market, By Application
- 8.2.5.2UK Payment Card Skimming Market
- 8.2.5.2.1UK Payment Card Skimming Market, By Component
- 8.2.5.2.2UK Payment Card Skimming Market, By Organization Size
- 8.2.5.2.3UK Payment Card Skimming Market, By Deployment Type
- 8.2.5.2.4UK Payment Card Skimming Market, By Application
- 8.2.5.3France Payment Card Skimming Market
- 8.2.5.3.1France Payment Card Skimming Market, By Component
- 8.2.5.3.2France Payment Card Skimming Market, By Organization Size
- 8.2.5.3.3France Payment Card Skimming Market, By Deployment Type
- 8.2.5.3.4France Payment Card Skimming Market, By Application
- 8.2.5.4Russia Payment Card Skimming Market
- 8.2.5.4.1Russia Payment Card Skimming Market, By Component
- 8.2.5.4.2Russia Payment Card Skimming Market, By Organization Size
- 8.2.5.4.3Russia Payment Card Skimming Market, By Deployment Type
- 8.2.5.4.4Russia Payment Card Skimming Market, By Application
- 8.2.5.5Spain Payment Card Skimming Market
- 8.2.5.5.1Spain Payment Card Skimming Market, By Component
- 8.2.5.5.2Spain Payment Card Skimming Market, By Organization Size
- 8.2.5.5.3Spain Payment Card Skimming Market, By Deployment Type
- 8.2.5.5.4Spain Payment Card Skimming Market, By Application
- 8.2.5.6Italy Payment Card Skimming Market
- 8.2.5.6.1Italy Payment Card Skimming Market, By Component
- 8.2.5.6.2Italy Payment Card Skimming Market, By Organization Size
- 8.2.5.6.3Italy Payment Card Skimming Market, By Deployment Type
- 8.2.5.6.4Italy Payment Card Skimming Market, By Application
- 8.2.5.7Rest of Europe Payment Card Skimming Market
- 8.2.5.7.1Rest of Europe Payment Card Skimming Market, By Component
- 8.2.5.7.2Rest of Europe Payment Card Skimming Market, By Organization Size
- 8.2.5.7.3Rest of Europe Payment Card Skimming Market, By Deployment Type
- 8.2.5.7.4Rest of Europe Payment Card Skimming Market, By Application
- 8.3Asia Pacific Payment Card Skimming Market
- 8.3.1Asia Pacific Payment Card Skimming Market, By Component
- 8.3.1.1Asia Pacific Solution Market, By Country
- 8.3.1.2Asia Pacific Services Market, By Country
- 8.3.2Asia Pacific Payment Card Skimming Market, By Organization Size
- 8.3.2.1Asia Pacific Large Enterprise Market, By Country
- 8.3.2.2Asia Pacific Small & Medium-Sized Enterprises Market, By Country
- 8.3.3Asia Pacific Payment Card Skimming Market, By Deployment Type
- 8.3.3.1Asia Pacific On-Premise Market, By Country
- 8.3.3.2Asia Pacific Cloud Market, By Country
- 8.3.4Asia Pacific Payment Card Skimming Market, By Application
- 8.3.4.1Asia Pacific Identity Theft Market, By Country
- 8.3.4.2Asia Pacific ATMs Market, By Country
- 8.3.4.3Asia Pacific Payment Fraud Market, By Country
- 8.3.4.4Asia Pacific Money Laundering Market, By Country
- 8.3.4.5Asia Pacific Others Market, By Country
- 8.3.5Asia Pacific Payment Card Skimming Market, By Country
- 8.3.5.1China Payment Card Skimming Market
- 8.3.5.1.1China Payment Card Skimming Market, By Component
- 8.3.5.1.2China Payment Card Skimming Market, By Organization Size
- 8.3.5.1.3China Payment Card Skimming Market, By Deployment Type
- 8.3.5.1.4China Payment Card Skimming Market, By Application
- 8.3.5.2Japan Payment Card Skimming Market
- 8.3.5.2.1Japan Payment Card Skimming Market, By Component
- 8.3.5.2.2Japan Payment Card Skimming Market, By Organization Size
- 8.3.5.2.3Japan Payment Card Skimming Market, By Deployment Type
- 8.3.5.2.4Japan Payment Card Skimming Market, By Application
- 8.3.5.3India Payment Card Skimming Market
- 8.3.5.3.1India Payment Card Skimming Market, By Component
- 8.3.5.3.2India Payment Card Skimming Market, By Organization Size
- 8.3.5.3.3India Payment Card Skimming Market, By Deployment Type
- 8.3.5.3.4India Payment Card Skimming Market, By Application
- 8.3.5.4South Korea Payment Card Skimming Market
- 8.3.5.4.1South Korea Payment Card Skimming Market, By Component
- 8.3.5.4.2South Korea Payment Card Skimming Market, By Organization Size
- 8.3.5.4.3South Korea Payment Card Skimming Market, By Deployment Type
- 8.3.5.4.4South Korea Payment Card Skimming Market, By Application
- 8.3.5.5Singapore Payment Card Skimming Market
- 8.3.5.5.1Singapore Payment Card Skimming Market, By Component
- 8.3.5.5.2Singapore Payment Card Skimming Market, By Organization Size
- 8.3.5.5.3Singapore Payment Card Skimming Market, By Deployment Type
- 8.3.5.5.4Singapore Payment Card Skimming Market, By Application
- 8.3.5.6Malaysia Payment Card Skimming Market
- 8.3.5.6.1Malaysia Payment Card Skimming Market, By Component
- 8.3.5.6.2Malaysia Payment Card Skimming Market, By Organization Size
- 8.3.5.6.3Malaysia Payment Card Skimming Market, By Deployment Type
- 8.3.5.6.4Malaysia Payment Card Skimming Market, By Application
- 8.3.5.7Rest of Asia Pacific Payment Card Skimming Market
- 8.3.5.7.1Rest of Asia Pacific Payment Card Skimming Market, By Component
- 8.3.5.7.2Rest of Asia Pacific Payment Card Skimming Market, By Organization Size
- 8.3.5.7.3Rest of Asia Pacific Payment Card Skimming Market, By Deployment Type
- 8.3.5.7.4Rest of Asia Pacific Payment Card Skimming Market, By Application
- 8.4LAMEA Payment Card Skimming Market
- 8.4.1LAMEA Payment Card Skimming Market, By Component
- 8.4.1.1LAMEA Solution Market, By Country
- 8.4.1.2LAMEA Services Market, By Country
- 8.4.2LAMEA Payment Card Skimming Market, By Organization Size
- 8.4.2.1LAMEA Large Enterprise Market, By Country
- 8.4.2.2LAMEA Small & Medium-Sized Enterprises Market, By Country
- 8.4.3LAMEA Payment Card Skimming Market, By Deployment Type
- 8.4.3.1LAMEA On-Premise Market, By Country
- 8.4.3.2LAMEA Cloud Market, By Country
- 8.4.4LAMEA Payment Card Skimming Market, By Application
- 8.4.4.1LAMEA Identity Theft Market, By Country
- 8.4.4.2LAMEA ATMs Market, By Country
- 8.4.4.3LAMEA Payment Fraud Market, By Country
- 8.4.4.4LAMEA Money Laundering Market, By Country
- 8.4.4.5LAMEA Others Market, By Country
- 8.4.5LAMEA Payment Card Skimming Market, By Country
- 8.4.5.1Brazil Payment Card Skimming Market
- 8.4.5.1.1Brazil Payment Card Skimming Market, By Component
- 8.4.5.1.2Brazil Payment Card Skimming Market, By Organization Size
- 8.4.5.1.3Brazil Payment Card Skimming Market, By Deployment Type
- 8.4.5.1.4Brazil Payment Card Skimming Market, By Application
- 8.4.5.2Argentina Payment Card Skimming Market
- 8.4.5.2.1Argentina Payment Card Skimming Market, By Component
- 8.4.5.2.2Argentina Payment Card Skimming Market, By Organization Size
- 8.4.5.2.3Argentina Payment Card Skimming Market, By Deployment Type
- 8.4.5.2.4Argentina Payment Card Skimming Market, By Application
- 8.4.5.3UAE Payment Card Skimming Market
- 8.4.5.3.1UAE Payment Card Skimming Market, By Component
- 8.4.5.3.2UAE Payment Card Skimming Market, By Organization Size
- 8.4.5.3.3UAE Payment Card Skimming Market, By Deployment Type
- 8.4.5.3.4UAE Payment Card Skimming Market, By Application
- 8.4.5.4Saudi Arabia Payment Card Skimming Market
- 8.4.5.4.1Saudi Arabia Payment Card Skimming Market, By Component
- 8.4.5.4.2Saudi Arabia Payment Card Skimming Market, By Organization Size
- 8.4.5.4.3Saudi Arabia Payment Card Skimming Market, By Deployment Type
- 8.4.5.4.4Saudi Arabia Payment Card Skimming Market, By Application
- 8.4.5.5South Africa Payment Card Skimming Market
- 8.4.5.5.1South Africa Payment Card Skimming Market, By Component
- 8.4.5.5.2South Africa Payment Card Skimming Market, By Organization Size
- 8.4.5.5.3South Africa Payment Card Skimming Market, By Deployment Type
- 8.4.5.5.4South Africa Payment Card Skimming Market, By Application
- 8.4.5.6Nigeria Payment Card Skimming Market
- 8.4.5.6.1Nigeria Payment Card Skimming Market, By Component
- 8.4.5.6.2Nigeria Payment Card Skimming Market, By Organization Size
- 8.4.5.6.3Nigeria Payment Card Skimming Market, By Deployment Type
- 8.4.5.6.4Nigeria Payment Card Skimming Market, By Application
- 8.4.5.7Rest of LAMEA Payment Card Skimming Market
- 8.4.5.7.1Rest of LAMEA Payment Card Skimming Market, By Component
- 8.4.5.7.2Rest of LAMEA Payment Card Skimming Market, By Organization Size
- 8.4.5.7.3Rest of LAMEA Payment Card Skimming Market, By Deployment Type
- 8.4.5.7.4Rest of LAMEA Payment Card Skimming Market, By Application
Chapter 9.Company Profiles
- 9.1Fiserv, Inc.
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Recent strategies and developments:
- 9.1.4.1Partnerships, Collaborations, and Agreements:
- 9.1.4.2Acquisition and Mergers:
- 9.1.5SWOT Analysis
- 9.2InvestEdge, Inc. (Featheringill Capital)
- 9.3C2C SmartCompliance LLC
- 9.3.1Company Overview
- 9.3.2Recent strategies and developments:
- 9.3.2.1Product Launches and Product Expansions:
- 9.4Sesame Software (Speridian Technologies)
- 9.5SAI360 Inc. (BWise)
- 9.5.1Company Overview
- 9.5.2Recent strategies and developments:
- 9.5.2.1Product Launches and Product Expansions:
- 9.5.3SWOT Analysis
- 9.6Matrix IFS (Matrix Business IT)
- 9.7Rivial Data Security LLC
- 9.7.1Company Overview
- 9.7.2SWOT Analysis
- 9.8Riskskill
- 9.9Compliance Forge, LLC
- 9.10.NCR Atleos Corporation (NCR Corporation)
- 9.10.1Company Overview
- 9.10.2Financial Analysis
- 9.10.3Segmental and Regional Analysis
- 9.10.4Research & Development Expenses
- 9.10.5SWOT Analysis
Chapter 10.Winning imperative of Payment Card Skimming Market