Global Fraud Detection And Prevention Market Report By Component (Solution, Fraud Analytics, Identity and Authentication, Governance, Risk and Compliance (GRC), Monitoring and Reporting, Service (Professional Service, Managed Service)), By Fraud (External, Internal), By Application (Money Laundering, Credit and Debit Fraud, Mobile Fraud, Identity Threat, Electronic Fraud), By End-use (Banking, Insurance, Goverment, Healthcare, E-commerce, Education) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

As per this study, the Global Fraud Detection And Prevention Market was valued USD 31 BN (by revenue) in 2022 and is anticipated to reach USD 184.77 BN by 2030 with a CAGR of 25%.

Fraud detection and prevention (FDP) is about stopping the fraud within the network of an organization at the moment or before it happens. Fraud detection and prevention enable companies to identify unusual patterns of behavior consistent with fraudulent activity and stops them before completion. Banking, financial services, and insurance (BFSI), retail, healthcare, government, IT and telecommunication among others are some of the applications of fraud detection and prevention.
 
Market Dynamics
 
The increasing frequency and sophistication of cyber frauds and attacks are driving market growth. Rising revenue losses due to frauds are again boosting the market growth. In addition to this, the growing use of electronic transactions is further fuelling market growth. On the flip side, lack of awareness regarding fraudulent activities and high cost associated with the deployment of FDP may restrict market growth. Whereas, increasing use of digital technologies and digital banking for payments is accepted to create potential opportunity during the forecast period.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of fraud detection and prevention.
 
Market Segmentation
 
The broad fraud detection and prevention market has been sub-grouped into component, organization size and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Component

• Solution
• Fraud Analytics
• Identity and Authentication
• Governance, Risk and Compliance (GRC)
• Monitoring and Reporting
• Service (Professional Service, Managed Service)

By Fraud

• External
• Internal

 
By Application

• Money Laundering
• Credit and Debit Fraud
• Mobile Fraud
• Identity Threat
• Electronic Fraudstate, Energy and Power, and Manufacturing)

By End-use

• Banking
• Insurance
• Goverment
• Healthcare
• E-commerce
• Education
   

Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for fraud detection and prevention in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Fraud Detection And Prevention Market Share by Region (Representative Graph)



The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the fraud detection and prevention market include AVG Technologies, Fiserv Inc., FRISS, IBM Corporation, SAP SE, SAS Institute Inc., SpyCloud Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.