Global Chargeback Management Software - Market Overview:
Chargeback management software is a tool that manage Individual chargebacks. It allows to track and report on the status of all transactions, including chargebacks. This way, one can identify trends in the number of chargebacks and ensure that they are addressed promptly so that no more customers get affected by them. The main function of this type of software is to provide an easy way for businesses to track their transactions and identify fraudulent activities. This helps them avoid potential losses due to frauds and other issues like chargebacks. The software works by providing information about all transactions made through its platform. This helps in improving overall customer satisfaction as well as revenue generation. “Chargeback management software” is a broad term. It can refer to services, single programs, or complete platforms.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Increasing Payment-Related Fraud
- The rise in the Volume of Online Transactions is Expected to Fuel the Market Growth
Roadblocks
- High Cost of Chargeback Management Software
Opportunities
- Chargeback Management On Behalf Of A Merchant
- Increasing the adoption of eCommerce transaction
Challenges
- High Competition by Low Priced Alternatives
- Identifying Chargeback Sources
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Some of the key players profiled in the report are SEON (United Kingdom), Chargebacks911 (United States), Verifi (United States), FIS Global (United States), Chargeback Gurus (United States), Riskified (Isreal), Bolt (Tallinn), Signifyd (United States), Square (United States), Accertify (United States), CUBEbilling (United States), Ethoca (Canada) and Baldwin Hackett & Meeks, Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Chargeback Management Software - market by 2027. Considering Market by Size, the sub-segment i.e. Large Enterprises will boost the Chargeback Management Software - market. Considering Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Chargeback Management Software - market.
Latest Market Insights:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
In May 2022 Signifyd, the market leader in ecommerce fraud protection, has announced it will be DNA Payments’ exclusive integrated fraud protection technology, signaling Signifyd’s expanding role in serving as because the fraud resolution supplier for future-focused payment service suppliers.
What Can be Explored with the Chargeback Management Software - Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Chargeback Management Software - Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Chargeback Management Software -
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Chargeback Management Software - market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Chargeback Management Software - market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Venture Capitalists, Government & Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.