Product Code: ETC13364212 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Payment Card Skimming Market was valued at USD 1.43 Billion in 2024 and is expected to reach USD 2.12 Billion by 2031, growing at a compound annual growth rate of 7.60% during the forecast period (2025-2031).
The Global Payment Card Skimming Market involves the illicit practice of capturing payment card information using unauthorized card-reading devices at ATMs, point-of-sale terminals, and other payment processing machines. This market primarily thrives on the increasing adoption of digital payment methods worldwide and the growing sophistication of skimming techniques employed by cybercriminals. Factors such as lack of awareness among consumers, inadequate security measures in place at various payment terminals, and the proliferation of online transactions contribute to the rise in payment card skimming incidents globally. The market is fueled by the availability of skimming devices on the dark web, making it easier for criminals to engage in fraudulent activities. As a result, financial institutions, businesses, and authorities are continuously striving to enhance security protocols and educate consumers to combat this pervasive threat to financial security.
The Global Payment Card Skimming Market is experiencing a shift towards more sophisticated skimming techniques such as shimmers and deep-insert skimmers, posing a growing threat to consumer data security. The market is witnessing a rise in the adoption of advanced technologies like EMV chip cards and NFC payments to combat skimming incidents. Additionally, there is an increasing focus on implementing stronger authentication methods such as biometrics and tokenization to enhance payment security. Opportunities in this market lie in developing innovative anti-skimming solutions, investing in cybersecurity measures, and fostering collaborations between financial institutions and technology providers to address vulnerabilities in the payment ecosystem. Overall, the market is evolving rapidly in response to the escalating challenges posed by payment card skimming, presenting opportunities for stakeholders to enhance security measures and stay ahead of cybercriminal activities.
The Global Payment Card Skimming Market faces several challenges, including the continuous advancement of skimming technology, making it more difficult for businesses and consumers to detect fraudulent activities. Additionally, the rise of online transactions and digital payments has created new opportunities for cybercriminals to exploit loopholes in payment systems, further complicating the fight against card skimming. Lack of awareness among consumers about the risks of card skimming and insufficient cybersecurity measures by businesses also contribute to the challenges faced by the market. As a result, there is a constant need for innovative security solutions and increased collaboration between industry stakeholders to combat payment card skimming effectively.
The Global Payment Card Skimming Market is primarily driven by the increasing adoption of cashless transactions, growth in online shopping activities, and the rise in the number of point-of-sale (POS) terminals worldwide. The convenience and efficiency of card payments have led to a surge in the use of payment cards, making them a lucrative target for cybercriminals engaging in skimming activities. Additionally, advancements in technology have made it easier for fraudsters to develop sophisticated skimming devices, further fueling the demand for anti-skimming solutions in the market. As businesses and consumers continue to rely on payment cards for transactions, the need for robust security measures and fraud detection systems to combat skimming incidents is expected to drive the market growth in the coming years.
Government policies related to the Global Payment Card Skimming Market typically focus on preventing and combating fraudulent activities such as card skimming. These policies often include regulations that require financial institutions and merchants to implement robust security measures to protect cardholder data, such as encryption and tokenization. Additionally, governments may enforce strict penalties for individuals found guilty of participating in card skimming schemes. Some countries also have established regulatory bodies or task forces dedicated to monitoring and addressing issues related to payment card fraud. Overall, the aim of these policies is to safeguard consumers` financial information, maintain trust in the payment card system, and minimize the economic impact of fraudulent activities on businesses and financial institutions.
The Global Payment Card Skimming Market is expected to witness steady growth in the coming years, driven by the increasing adoption of cashless payment methods and the rising number of electronic transactions worldwide. Technological advancements such as the integration of EMV chips in payment cards and the implementation of advanced security measures by financial institutions are expected to mitigate the risks associated with card skimming. However, the evolving tactics of cybercriminals and the growing sophistication of skimming devices pose ongoing challenges for the market. The emergence of contactless payment technologies and biometric authentication methods are anticipated to further enhance security and deter fraudulent activities. Overall, the Global Payment Card Skimming Market is projected to continue expanding as stakeholders focus on enhancing security measures to protect consumers` financial information.
The global payment card skimming market is experiencing varying trends across different regions. In Asia, the market is witnessing significant growth due to the increasing adoption of digital payment methods and a rise in financial transactions. North America is a key market for payment card skimming, with the United States being a major target for fraudsters. In Europe, stringent regulations and advanced security measures are helping to combat payment card skimming activities. The Middle East and Africa region is also seeing an increase in payment card skimming incidents, driven by the expansion of banking services and digital payments. Latin America is another region facing challenges with payment card skimming, as the adoption of contactless payment methods is creating new opportunities for fraudsters.
Global Payment Card Skimming Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Payment Card Skimming Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Payment Card Skimming Market Revenues & Volume, 2021 & 2031F |
3.3 Global Payment Card Skimming Market - Industry Life Cycle |
3.4 Global Payment Card Skimming Market - Porter's Five Forces |
3.5 Global Payment Card Skimming Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Payment Card Skimming Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Payment Card Skimming Market Revenues & Volume Share, By Detection Method, 2021 & 2031F |
3.8 Global Payment Card Skimming Market Revenues & Volume Share, By Affected Sector, 2021 & 2031F |
3.9 Global Payment Card Skimming Market Revenues & Volume Share, By Attack Mode, 2021 & 2031F |
3.10 Global Payment Card Skimming Market Revenues & Volume Share, By Technology Used, 2021 & 2031F |
4 Global Payment Card Skimming Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Payment Card Skimming Market Trends |
6 Global Payment Card Skimming Market, 2021 - 2031 |
6.1 Global Payment Card Skimming Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Payment Card Skimming Market, Revenues & Volume, By ATM Skimming, 2021 - 2031 |
6.1.3 Global Payment Card Skimming Market, Revenues & Volume, By POS Skimming, 2021 - 2031 |
6.1.4 Global Payment Card Skimming Market, Revenues & Volume, By E-Commerce Skimming, 2021 - 2031 |
6.1.5 Global Payment Card Skimming Market, Revenues & Volume, By Gas Pump Skimming, 2021 - 2031 |
6.1.6 Global Payment Card Skimming Market, Revenues & Volume, By Hotel Key Card Skimming, 2021 - 2031 |
6.2 Global Payment Card Skimming Market, Revenues & Volume, By Detection Method, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Payment Card Skimming Market, Revenues & Volume, By AI-Based Detection, 2021 - 2031 |
6.2.3 Global Payment Card Skimming Market, Revenues & Volume, By Machine Learning, 2021 - 2031 |
6.2.4 Global Payment Card Skimming Market, Revenues & Volume, By IoT Monitoring, 2021 - 2031 |
6.2.5 Global Payment Card Skimming Market, Revenues & Volume, By Pattern Recognition, 2021 - 2031 |
6.2.6 Global Payment Card Skimming Market, Revenues & Volume, By Network Analysis, 2021 - 2031 |
6.3 Global Payment Card Skimming Market, Revenues & Volume, By Affected Sector, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Payment Card Skimming Market, Revenues & Volume, By Banking, 2021 - 2031 |
6.3.3 Global Payment Card Skimming Market, Revenues & Volume, By Retail, 2021 - 2031 |
6.3.4 Global Payment Card Skimming Market, Revenues & Volume, By E-commerce, 2021 - 2031 |
6.3.5 Global Payment Card Skimming Market, Revenues & Volume, By Fuel Stations, 2021 - 2031 |
6.3.6 Global Payment Card Skimming Market, Revenues & Volume, By Hospitality, 2021 - 2031 |
6.4 Global Payment Card Skimming Market, Revenues & Volume, By Attack Mode, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Payment Card Skimming Market, Revenues & Volume, By Physical Skimming, 2021 - 2031 |
6.4.3 Global Payment Card Skimming Market, Revenues & Volume, By Wireless Skimming, 2021 - 2031 |
6.4.4 Global Payment Card Skimming Market, Revenues & Volume, By Data Injection, 2021 - 2031 |
6.4.5 Global Payment Card Skimming Market, Revenues & Volume, By Bluetooth Hacking, 2021 - 2031 |
6.4.6 Global Payment Card Skimming Market, Revenues & Volume, By Malware Attacks, 2021 - 2031 |
6.5 Global Payment Card Skimming Market, Revenues & Volume, By Technology Used, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Payment Card Skimming Market, Revenues & Volume, By RFID, 2021 - 2031 |
6.5.3 Global Payment Card Skimming Market, Revenues & Volume, By NFC, 2021 - 2031 |
6.5.4 Global Payment Card Skimming Market, Revenues & Volume, By EMV Chip, 2021 - 2031 |
6.5.5 Global Payment Card Skimming Market, Revenues & Volume, By Tokenization, 2021 - 2031 |
6.5.6 Global Payment Card Skimming Market, Revenues & Volume, By End-to-End Encryption, 2021 - 2031 |
7 North America Payment Card Skimming Market, Overview & Analysis |
7.1 North America Payment Card Skimming Market Revenues & Volume, 2021 - 2031 |
7.2 North America Payment Card Skimming Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Payment Card Skimming Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Payment Card Skimming Market, Revenues & Volume, By Detection Method, 2021 - 2031 |
7.5 North America Payment Card Skimming Market, Revenues & Volume, By Affected Sector, 2021 - 2031 |
7.6 North America Payment Card Skimming Market, Revenues & Volume, By Attack Mode, 2021 - 2031 |
7.7 North America Payment Card Skimming Market, Revenues & Volume, By Technology Used, 2021 - 2031 |
8 Latin America (LATAM) Payment Card Skimming Market, Overview & Analysis |
8.1 Latin America (LATAM) Payment Card Skimming Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Payment Card Skimming Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Payment Card Skimming Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Payment Card Skimming Market, Revenues & Volume, By Detection Method, 2021 - 2031 |
8.5 Latin America (LATAM) Payment Card Skimming Market, Revenues & Volume, By Affected Sector, 2021 - 2031 |
8.6 Latin America (LATAM) Payment Card Skimming Market, Revenues & Volume, By Attack Mode, 2021 - 2031 |
8.7 Latin America (LATAM) Payment Card Skimming Market, Revenues & Volume, By Technology Used, 2021 - 2031 |
9 Asia Payment Card Skimming Market, Overview & Analysis |
9.1 Asia Payment Card Skimming Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Payment Card Skimming Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Payment Card Skimming Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Payment Card Skimming Market, Revenues & Volume, By Detection Method, 2021 - 2031 |
9.5 Asia Payment Card Skimming Market, Revenues & Volume, By Affected Sector, 2021 - 2031 |
9.6 Asia Payment Card Skimming Market, Revenues & Volume, By Attack Mode, 2021 - 2031 |
9.7 Asia Payment Card Skimming Market, Revenues & Volume, By Technology Used, 2021 - 2031 |
10 Africa Payment Card Skimming Market, Overview & Analysis |
10.1 Africa Payment Card Skimming Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Payment Card Skimming Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Payment Card Skimming Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Payment Card Skimming Market, Revenues & Volume, By Detection Method, 2021 - 2031 |
10.5 Africa Payment Card Skimming Market, Revenues & Volume, By Affected Sector, 2021 - 2031 |
10.6 Africa Payment Card Skimming Market, Revenues & Volume, By Attack Mode, 2021 - 2031 |
10.7 Africa Payment Card Skimming Market, Revenues & Volume, By Technology Used, 2021 - 2031 |
11 Europe Payment Card Skimming Market, Overview & Analysis |
11.1 Europe Payment Card Skimming Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Payment Card Skimming Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Payment Card Skimming Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Payment Card Skimming Market, Revenues & Volume, By Detection Method, 2021 - 2031 |
11.5 Europe Payment Card Skimming Market, Revenues & Volume, By Affected Sector, 2021 - 2031 |
11.6 Europe Payment Card Skimming Market, Revenues & Volume, By Attack Mode, 2021 - 2031 |
11.7 Europe Payment Card Skimming Market, Revenues & Volume, By Technology Used, 2021 - 2031 |
12 Middle East Payment Card Skimming Market, Overview & Analysis |
12.1 Middle East Payment Card Skimming Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Payment Card Skimming Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Payment Card Skimming Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Payment Card Skimming Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Payment Card Skimming Market, Revenues & Volume, By Detection Method, 2021 - 2031 |
12.5 Middle East Payment Card Skimming Market, Revenues & Volume, By Affected Sector, 2021 - 2031 |
12.6 Middle East Payment Card Skimming Market, Revenues & Volume, By Attack Mode, 2021 - 2031 |
12.7 Middle East Payment Card Skimming Market, Revenues & Volume, By Technology Used, 2021 - 2031 |
13 Global Payment Card Skimming Market Key Performance Indicators |
14 Global Payment Card Skimming Market - Export/Import By Countries Assessment |
15 Global Payment Card Skimming Market - Opportunity Assessment |
15.1 Global Payment Card Skimming Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Payment Card Skimming Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Payment Card Skimming Market Opportunity Assessment, By Detection Method, 2021 & 2031F |
15.4 Global Payment Card Skimming Market Opportunity Assessment, By Affected Sector, 2021 & 2031F |
15.5 Global Payment Card Skimming Market Opportunity Assessment, By Attack Mode, 2021 & 2031F |
15.6 Global Payment Card Skimming Market Opportunity Assessment, By Technology Used, 2021 & 2031F |
16 Global Payment Card Skimming Market - Competitive Landscape |
16.1 Global Payment Card Skimming Market Revenue Share, By Companies, 2024 |
16.2 Global Payment Card Skimming Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |