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Global Fraud Detection and Prevention Market Size Study, by Solution (Fraud Analytics, Authentication, Governance, Risk and Compliance), by Deployment (On-Premise, Cloud), by Application (Insurance Claims, Money Laundering, Electronic Payment, Others), and Regional Forecasts 2022-2032

October 2024 | 285 pages | ID: G319875DBFFEEN
Bizwit Research & Consulting LLP

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The Global Fraud Detection and Prevention (FDP) market was valued at approximately USD 43.97 billion in 2023 and is projected to grow at a robust CAGR of 21.8% from 2024-2023. This explosive growth is driven by the increasing volume of cyber-attacks, online frauds, and payment scams across industries like BFSI, healthcare, retail, and government sectors. The rise of digital payment platforms and mobile banking applications has significantly increased fraud risks, fueling the demand for advanced fraud prevention solutions. For instance, the U.S. government and corporations are actively adopting FDP systems to secure critical data from cyber threats, a key contributor to the market's expansion.

Key players such as IBM Corporation, BAE Systems, and Experian are heavily investing in research and development to launch cutting-edge fraud detection technologies. For instance, the integration of artificial intelligence, big data analytics, and machine learning into fraud prevention systems is enhancing their ability to identify potential fraud patterns in real-time, offering a major competitive edge in preventing cybercrimes. Moreover, the market is witnessing a growing adoption of cloud-based solutions, especially among small and medium enterprises (SMEs), as they provide scalability and cost-effectiveness.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa, North America dominated the market in 2023, with key advancements in mobile payment technology and a strong focus on cybersecurity. Meanwhile, the Asia-Pacific region is anticipated to experience the highest growth during the forecast period due to rising investments in fraud prevention systems by governments and organizations across China, Japan, and India.

Major market players included in this report are:
IBM Corporation
Uplexis
Experian Information Solutions, Inc.
BAE Systems
ACI Worldwide, Inc.
Fair Isaac Corporation
Fidelity National Information Services, Inc.
LexisNexis
NICE Actimize Ltd.
Gemalto - Thales Group
Fiserv, Inc.
Capgemini SE
RSA Security LLC (a division of Dell Technologies)
Riskified Ltd.
Splunk Inc.

The detailed segments and sub-segments of the market are explained below:
By Solution:
Fraud Analytics
Authentication
Governance, Risk, and Compliance

By Deployment:
On-Premise
Cloud

By Application:
Insurance Claims
Money Laundering
Electronic Payment
Others (Banking Transactions)

By Enterprise Type:
Large Enterprises
Small & Medium Enterprises (SMEs)

By Industry:
BFSI
IT & Telecom
Retail & Consumer Packaged Goods
Government
Construction & Real Estate
Energy & Utilities
Manufacturing
Healthcare & Life Sciences
Media & Entertainment
Others

By Region:
North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.
CHAPTER 1. GLOBAL FRAUD DETECTION AND PREVENTION MARKET EXECUTIVE SUMMARY

1.1. Global Fraud Detection and Prevention Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Solution
  1.3.2. By Deployment
  1.3.3. By Application
  1.3.4. By Enterprise Type
  1.3.5. By Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL FRAUD DETECTION AND PREVENTION MARKET DEFINITION AND RESEARCH ASSUMPTIONS 2.1. RESEARCH OBJECTIVE

2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL FRAUD DETECTION AND PREVENTION MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increasing Cybersecurity Threats and Online Payment Frauds
  3.1.2. Rising Adoption of Cloud-Based FDP Solutions
3.2. Market Challenges
  3.2.1. Lack of Skilled Professionals and Awareness in Emerging Markets
3.3. Market Opportunities
  3.3.1. Technological Advancements in AI and Big Data Analytics
  3.3.2. Growing Need for FDP Solutions in Emerging Economies

CHAPTER 4. GLOBAL FRAUD DETECTION AND PREVENTION MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL FRAUD DETECTION AND PREVENTION MARKET SIZE & FORECASTS BY SOLUTION (2022-2032)

5.1. Segment Dashboard
5.2. Global Fraud Detection and Prevention Market: Solution Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Fraud Analytics
  5.2.2. Authentication
  5.2.3. Governance, Risk, and Compliance

CHAPTER 6. GLOBAL FRAUD DETECTION AND PREVENTION MARKET SIZE & FORECASTS BY DEPLOYMENT (2022-2032)

6.1. Segment Dashboard
6.2. Global Fraud Detection and Prevention Market: Deployment Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. On-Premise
  6.2.2. Cloud

CHAPTER 7. GLOBAL FRAUD DETECTION AND PREVENTION MARKET SIZE & FORECASTS BY APPLICATION (2022-2032)

7.1. Segment Dashboard
7.2. Global Fraud Detection and Prevention Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Insurance Claims
  7.2.2. Money Laundering
  7.2.3. Electronic Payment
  7.2.4. Others

CHAPTER 8. GLOBAL FRAUD DETECTION AND PREVENTION MARKET SIZE & FORECASTS BY ENTERPRISE TYPE (2022-2032)

8.1. Segment Dashboard
8.2. Global Fraud Detection and Prevention Market: Enterprise Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Large Enterprises
  8.2.2. Small & Medium Enterprises (SMEs)

CHAPTER 9. GLOBAL FRAUD DETECTION AND PREVENTION MARKET SIZE & FORECASTS BY INDUSTRY (2022-2032) 9.1. SEGMENT DASHBOARD

9.2. Global Fraud Detection and Prevention Market: Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  9.2.1. BFSI
  9.2.2. IT & Telecom
  9.2.3. Retail & Consumer Packaged Goods
  9.2.4. Government
  9.2.5. Construction & Real Estate
  9.2.6. Energy & Utilities
  9.2.7. Manufacturing
  9.2.8. Healthcare & Life Sciences
  9.2.9. Media & Entertainment
  9.2.10. Others

CHAPTER 10. GLOBAL FRAUD DETECTION AND PREVENTION MARKET SIZE & FORECASTS BY REGION (2022-2032)

10.1. North America Fraud Detection and Prevention Market
  10.1.1. U.S. Fraud Detection and Prevention Market
  10.1.2. Canada Fraud Detection and Prevention Market
10.2. Europe Fraud Detection and Prevention Market
  10.2.1. UK Fraud Detection and Prevention Market
  10.2.2. Germany Fraud Detection and Prevention Market
  10.2.3. France Fraud Detection and Prevention Market
  10.2.4. Spain Fraud Detection and Prevention Market
  10.2.5. Italy Fraud Detection and Prevention Market
  10.2.6. Rest of Europe Fraud Detection and Prevention Market
10.3. Asia-Pacific Fraud Detection and Prevention Market
  10.3.1. China Fraud Detection and Prevention Market
  10.3.2. India Fraud Detection and Prevention Market
  10.3.3. Japan Fraud Detection and Prevention Market
  10.3.4. South Korea Fraud Detection and Prevention Market
  10.3.5. Australia Fraud Detection and Prevention Market
  10.3.6. Rest of Asia-Pacific Fraud Detection and Prevention Market
10.4. Latin America Fraud Detection and Prevention Market
  10.4.1. Brazil Fraud Detection and Prevention Market
  10.4.2. Mexico Fraud Detection and Prevention Market
  10.4.3. Rest of Latin America Fraud Detection and Prevention Market
10.5. Middle East & Africa Fraud Detection and Prevention Market
  10.5.1. Saudi Arabia Fraud Detection and Prevention Market
  10.5.2. South Africa Fraud Detection and Prevention Market
  10.5.3. Rest of Middle East & Africa Fraud Detection and Prevention Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Company
  11.1.2. Company
  11.1.3. Company
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. IBM Corporation
    11.3.1.2. Overview
    11.3.1.3. Financial (Subject to Data Availability)
    11.3.1.4. Product Summary
    11.3.1.5. Market Strategies
  11.3.2. Uplexis
  11.3.3. Experian Information Solutions, Inc.
  11.3.4. BAE Systems
  11.3.5. ACI Worldwide, Inc.
  11.3.6. Fair Isaac Corporation
  11.3.7. Fidelity National Information Services, Inc.
  11.3.8. LexisNexis
  11.3.9. NICE Actimize Ltd.
  11.3.10. Gemalto - Thales Group
  11.3.11. Fiserv, Inc.
  11.3.12. Capgemini SE
  11.3.13. RSA Security LLC (a division of Dell Technologies)
  11.3.14. Riskified Ltd.
  11.3.15. Splunk Inc.

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Fraud Detection and Prevention Market, Report Scope
TABLE 2. Global Fraud Detection and Prevention Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Fraud Detection and Prevention Market Estimates & Forecasts by Solution 2022-2032 (USD Billion)
TABLE 4. Global Fraud Detection and Prevention Market Estimates & Forecasts by Deployment 2022-2032 (USD Billion)
TABLE 5. Global Fraud Detection and Prevention Market Estimates & Forecasts by Application 2022-2032 (USD Billion)
TABLE 6. Global Fraud Detection and Prevention Market Estimates & Forecasts by Enterprise Type 2022-2032 (USD Billion)
TABLE 7. Global Fraud Detection and Prevention Market Estimates & Forecasts by Industry 2022-2032 (USD Billion)
TABLE 8. North America Fraud Detection and Prevention Market by Solution (USD Billion)
TABLE 9. North America Fraud Detection and Prevention Market by Deployment (USD Billion)
TABLE 10. Europe Fraud Detection and Prevention Market by Solution (USD Billion)
TABLE 11. Europe Fraud Detection and Prevention Market by Deployment (USD Billion)
TABLE 12. Asia-Pacific Fraud Detection and Prevention Market by Solution (USD Billion)
TABLE 13. Asia-Pacific Fraud Detection and Prevention Market by Deployment (USD Billion)
TABLE 14. Latin America Fraud Detection and Prevention Market by Solution (USD Billion)
TABLE 15. Latin America Fraud Detection and Prevention Market by Deployment (USD Billion)
TABLE 16. Middle East & Africa Fraud Detection and Prevention Market by Solution (USD Billion)
TABLE 17. Middle East & Africa Fraud Detection and Prevention Market by Deployment (USD Billion)
"This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable."

LIST OF FIGURES

FIG 1. Global Fraud Detection and Prevention Market Research Methodology
FIG 2. Global Fraud Detection and Prevention Market, Market Estimation Techniques
FIG 3. Global Fraud Detection and Prevention Market Size Estimates & Forecast Methods
FIG 4. Global Fraud Detection and Prevention Market Key Trends 2023
FIG 5. Global Fraud Detection and Prevention Market Growth Prospects (2022-2032)
FIG 6. Global Fraud Detection and Prevention Market, Porter’s 5 Force Model
FIG 7. Global Fraud Detection and Prevention Market, PESTEL Analysis
FIG 8. Global Fraud Detection and Prevention Market Value Chain Analysis
FIG 9. Global Fraud Detection and Prevention Market by Solution (2022 & 2032) (USD Billion)
FIG 10. Global Fraud Detection and Prevention Market by Deployment (2022 & 2032) (USD Billion)
FIG 11. North America Fraud Detection and Prevention Market by Solution (USD Billion)
FIG 12. Europe Fraud Detection and Prevention Market by Deployment (USD Billion)
FIG 13. Asia-Pacific Fraud Detection and Prevention Market, Growth Analysis (USD Billion)
FIG 14. Latin America Fraud Detection and Prevention Market by Solution (USD Billion)
FIG 15. Middle East & Africa Fraud Detection and Prevention Market by Deployment (USD Billion)
FIG 16. Global Fraud Detection and Prevention Market, Competitive Landscape
FIG 17. North America Fraud Detection and Prevention Market, Company Market Share Analysis
FIG 18. Europe Fraud Detection and Prevention Market, Company Market Share Analysis
FIG 19. Asia-Pacific Fraud Detection and Prevention Market, Company Market Share Analysis
FIG 20. Global Fraud Detection and Prevention Market, Company Market Share Analysis (2023)
"This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable."


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