Fraud Detection and Prevention Global Strategic Business Report 2024: Role of Machine Learning in Fraud Detection Gaining Prominence - Market Forecasts to 2030

Dublin, April 03, 2024 (GLOBE NEWSWIRE) -- The "Fraud Detection and Prevention - Global Strategic Business Report" report has been added to'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:




  • 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



  • 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



  • 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


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