Global Fraud Detection and Prevention Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Fraud detection and prevention is a real-time execution of false representation of data. It helps to clear the fraud activities occurring in organisations. Global fraud detection and prevention market size was valued at $17.30 billion in 2017 and is estimated to reach $76.45 billion by 2025 with the CAGR of 20.41% during 2019-2025. The growth of fraud detection and prevention market is occurring based on following drivers such as increasing online transactions through mobile & web, rising fraud activities across various industries, increasing revenue losses due to fraudulent activities, rapid rising technological advancements and growing consumer’s presence for online operations. Whereas, the market is affecting from restrains owing to lack of capabilities on integration process, involvement with high cost, low level of awareness, unavailability of pre adopting method and high cost to adopt FDP solutions. However, emerging in economies and promoting AI and machine learning in fraud detection are expected to boost the market over the forecast period.
Research Study Objectives:
- Define, estimate, and forecast the fraud detection and prevention market statistics component, deployment type, organisation size, application, end users and regions concerning the individual growth drivers, market trends and their contribution toward the fraud detection and prevention market growth
- Provides comprehensive information regarding the key factors influencing the market growth (Drivers, Restraints & Challenges, and Opportunities)
- Estimate & forecast the market size of all the segments concerning geographies including North America, Europe, Asia Pacific (APAC), South America and the Middle East and Africa (MEA).
- Recent competitive developments including M&A (mergers and acquisitions), partnerships, and product innovations are provided in the fraud detection and prevention market analysis report.
- Analysis and conclusions on the future fraud detection and prevention market outlook.
Top-down and bottom-up approaches are used to validate the fraud detection and prevention market size and are used to estimate the size of other dependent submarkets.
Global Fraud Detection and Prevention Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The fraud detection and prevention market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the fraud detection and prevention market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The Fraud Detection and Prevention Market segmentation is as follows:
By Component
- Solution
- Fraud Analytics
- Predictive Analytics
- Customer Analytics
- Social Media Analytics
- Big Data Analytics
- Behavioural Analytics
- Authentication
- Single-Factor Authentication (SFA)
- Multi-Factor Authentication (MFA)
- Governance, Risk, and Compliance Solutions (GRC)
- Others
- Services
- Professional Services
- Consulting
- Training and Education
- Support and Maintenance
- Managed Services
By Organisation Size
- Small and Medium Enterprises
- Large Enterprises
By Deployment Mode
By Application
- Insurance Claim
- Money Laundering
- Electronic Payment
- Mobile Payment
- Others
By End Users
- Retail
- Banking, Financial Services, and Insurance (BFSI)
- Telecommunication
- Government / Public Sector
- Healthcare
- Real Estate
- Energy and Power
- Manufacturing
- Others
Geographical Analysis:
Fraud detection and prevention market are segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands, Poland, Switzerland and some other promising
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Global Fraud Detection and Prevention Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
economies. APAC is further categorised by countries into China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Singapore and many other emerging nations. In the Middle East & African region, Saudi Arabia, UAE, Iran, Iraq, Qatar, South Africa, Algeria, Morocco, Nigeria and so on countries are evaluated to understand the market growth lucidly.
Customisation Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the Runtime Self-Protection Market include:
- Scope Revision
- Geographic Analysis
- Company Profiles
- Historical Data & Forecasting
- Key Contact Persons in companies
Global Fraud Detection and Prevention Market Research Report Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have a complete market analysis through industry value chain analysis, Porter’s Five Force Model, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and global diversity is analysed with the major countries and the unions. Scrutinising the revenue generation on Year-On-Year
- Identifying DROC in the current market and their impact on altering market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the significant fraud detection and prevention market, such as
- SAP SE
- IBM Corporation
- BAE Systems Plc
- SAS Institute Inc.
- ACI Worldwide, Inc.
Along with these companies, many other companies are considered in the report while analysing the global fraud detection and prevention market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
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