Dublin, April 03, 2024 (GLOBE NEWSWIRE) -- The "Fraud Detection and Prevention - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Fraud Detection and Prevention estimated at US$39.2 Billion in the year 2023, is projected to reach a revised size of US$108.6 Billion by 2030, growing at a CAGR of 13.6% over the analysis period 2023-2030.
Fraud Detection and Prevention Solutions, one of the segments analyzed in the report, is projected to record 13% CAGR and reach US$74.6 Billion by the end of the analysis period. Growth in the Fraud Detection and Prevention Services segment is estimated at 15% CAGR for the next 8-year period.
The Fraud Detection and Prevention market in the U.S. is estimated at US$13.4 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$19.9 Billion by the year 2030 trailing a CAGR of 15.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.7% and 12% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.
Key Market Trends & Drivers
- Rising Frequency & Intensity of Cyber Frauds Creates Pressing Need for Antifraud Measures
- Upside Potential of Emanating Trends Related to Digital Fraud Prevention
- Digital Transformation of Businesses and Need to Ensure Security of Sensitive Data to Spur Market Demand
- Digital Transformation Accelerates Demand for Tools to Safeguard Enterprise Data
- Rise in Money Laundering Cases Drives the Uptake of Fraud Detection and Prevention Solutions
- Rising Incidences of ATOs & Phishing Emails Augment Fraud Detection Demand
- Booming e-Commerce Industry Aggravates the Risk of Fraud
- E-Commerce Merchants to Mitigate Frauds for Success in Business
- Digital Transformation in Retail Industry Promises Lucrative Growth Opportunities
- Rise of Digital Banking Brings Out BFSI as the Largest Spender on Fraud Prevention
- Lowering Risk in Online Payments, the Most Widely Used Transaction Method
- Risk Analysis in Real-Time to Thwart Frauds in Banking Sector
- Increase in the Use of Artificial Intelligence and Machine Learning in Banking Sector to Boost Fraud Detection and Prevention Market
- Growing Global IoT Ecosystems Pushes Up the Risk of Fraud
- IoT Enabled Fraud, a Major Concern for Merchants in the Current Scenario
- Blockchain for Fraud Prevention: A New & Potent Weapon in the Making
- Blockchain's Powerful Fraud Prevention Features
- AI Set to Raise the Bar in Fraud Detection
- Businesses Increasingly Adopt Customer-centric Fraud Prevention Techniques
- Increasing Volume of Non-cash Payment/Transaction Volumes Drive Uptake of Fraud Detection and Prevention Market
- Rise in Application of Hybrid Analytical Approaches
- Healthcare Networks Confront Growing Threat of Cyberattacks
- Fraud Protection Software for e-Commerce Businesses and the Travel Industry
- Role of Machine Learning in Fraud Detection Gaining Prominence
The report features profiles of 120+ featured companies. A selection of companies in the report includes:
- ACI Worldwide Inc.
- BAE Systems plc
- Cacco Inc.
- Cybersource Corporation
- DXC Technology Company
- Equifax Inc.
- Experian plc
- Fair Isaac Corporation
- Feedzai Inc.
- Fiserv, Inc.
- Global Payments Inc.
- IBM Corporation
- LexisNexis Risk Solutions Group
- NICE Ltd.
- Oracle Corporation
- RSA Security LLC
- SAP SE
- SAS Institute Inc.
- Scudetto Corporation
- Software AG
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Fraud Detection and Prevention - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Market Prospects & Outlook
- Fraud Analytics & Professional Services Command Fraud Detection & Prevention Market
- Evolving Fraud Landscape Entails Opportunities for Fraud Prevention Solutions
- Fraud Epidemic Creates Perfect Landscape for Fraud Detection & Prevention Market
- Advent of Innovative Fraud Detection and Prevention Technologies Mitigate Risks Pertaining to Fraudulent transactions
- Use of Statistical data analysis techniques Witnesses a Robust Increase
- Geographic Market Analysis
- Sophisticated Frauds & Short Supply of Professionals to Inhibit Growth
- Select Vertical Trends Driving Growth
- Fraud Detection and Prevention: An Overview
- Applications Segments of Fraud Detection and Prevention
- Recent Market Activity
- Select Innovations & Advancements
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Global Digital Data Created (In Zettabytes) for the Years 2015, 2020, 2025, and 2030
- Digital Transformation Accelerates Demand for Tools to Safeguard Enterprise Data: Global Digital Transformation Spending (In US$ Billion) for 2017-2023
- Digital Transformation by Industry: 2023
- Global Investments on Industry 4.0 Technologies (in US$ Billion) for the Years 2017, 2020, & 2023
- Industry 4.0 Technologies with Strongest Impact on Organizations: 2023
- Global e-Commerce Opportunity (In US$ Billion) for Years 2018, 2020, 2022 & 2024
- Types of E-Commerce Frauds
- COVID-19 Pandemic Elevates Opportunities
- Global B2C e-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
- Global e-Commerce Market as a % of Retail Sales for the Period 2017, 2019, 2021 and 2023
- Digital Transformation in Retail Industry Promises Lucrative Growth Opportunities: Global Retail IT Spending (In US$ Billion) for the Years 2018, 2020, 2022 & 2024
- Top Technology Investments in BFSI Sector: 2023
- Global Internet Users in Billion for the Years 2014 through 2023
- Global AI Investment (in US$ Billion) for the Years 2015 through 2023
- Industry Adoption of Artificial Intelligence (AI) by Function: 2023
- Anomaly Detection: An Overview
- Cumulative Global Online Fraud (In US$ Billion) Between 2020 to 2024 by Region
- Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
- Opportunity Indicator: Global Spending (In US$ Billion) on IoT for the Years 2019, 2020, 2021, 2022 & 2024
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- United States
- Canada
- Japan
- China
- Europe
- France
- Germany
- Italy
- United Kingdom
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- Latin America
- Argentina
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Iran
- Israel
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East
- Africa
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/okx66u
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