Fraud Detection and Prevention Market - Trends Forecast Till 2028

Fraud Detection and Prevention Market by Solution (Fraud Analytics, Authentication, and GRC), Service (Managed and Professional), Vertical (BFSI, Retail and eCommerce, and Travel and Transportation), Deployment Mode) and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2022

Base Year Estimate: 2021

Report ID: D-IT-FDPM-1104

Format:  

Number of Pages: 389

Domain: IT & Telecom

Fraud Detection and Prevention Market – Trends Forecast Till 2028

The Fraud Detection and Prevention Market size is projected to reach a CAGR of 19.7% from 2022 to 2028.

Fraud detection and prevention services are the solutions offered by IT vendors to the different enterprises. This solution helps enterprises to prevent occurrences or spot frauds at initial stages. In other words, fraud detection and prevention refer to the solutions and systems provided by the IT vendors, which are used to find patterns and anomalies and analyze the data (to spot deviation from usual path) and these solutions control user access by authentication and verification.

Adoption of digitalization and IoT increased the adoption rate of fraud detection and prevention system and increase in revenue loss due to fraud are some of the factors that have supported long-term expansion for Fraud Detection and Prevention Market.

Fraud Detection and Prevention Market Growth Report

North America is expected to be the largest contributor in terms of the market size in the FDP market. It is one of the most affected regions in the world by money laundering and terrorist financing crime activities; as a result, it has the highest number of FDP providers.

Fraud Detection and Prevention Market is segmented into fraud type, component, deployment mode, organization size, vertical and region.

On the basis of Fraud Type

  • Check fraud
  • Identity fraud
  • Internet /Online fraud
  • Investment fraud
  • Payment frauds
  • Insurance Fraud

On the basis of Component

  • Solutions
  • Services

On the basis of Deployment Mode

  • Cloud
  • On-premises

On the basis of Organization Size

  • SMEs
  • Large enterprises
  • On the basis of vertical
  • Retail and Commerce
  • Government
  • Healthcare
  • Manufacturing
  • Travel and Transportation
  • Other verticals
  • BFSI

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Fraud Detection and Prevention Market Primary Respondent

 

Key Players

  • FICO
  • SAP
  • Fiserv
  • EMC
  • Experian
  • ACI
  • NICE Actimize
  • Computer Sciences Corporation
  • Kount
  • RSA Security
  • FIS
  • CaseWare
  • PayPal
  • Visa
  • Microsoft Corporation
  • Ingenico
  • AWS
  • PerimeterX 

Recent Developments

  • In July 2020, NICE Actimize enhanced SURVEIL-X, a holistic trade surveillance solution. The company enhanced SURVEIL-X with self-service analytics for custom risk detection. SURVEIL-X Studio enables Financial Services Organizations (FSOs) to rapidly create, test, and deploy custom analytics risk detection models to close regulatory and operational risk gaps
  • In April 2019, NICE Actimize introduced CDD-X to modernize KYC/CDD programs with advanced analytics and the power of AI. The robust combination of AI technology with NICE Actimize’s expertise in KYC/CDD reduces customer review time by up to 70 %and increases the accuracy of high-risk customer management.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Fraud Detection and Prevention Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 19.7% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

fraud type, component, deployment mode, organization size, vertical and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

FICO, SAP, Fiserv, EMC, Experian, ACI, NICE Actimize, Computer Sciences Corporation, Kount, RSA Security, FIS, CaseWare, PayPal, Visa, Microsoft Corporation, Ingenico, AWS, PerimeterX 

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