PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1457963
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1457963
Fraud Detection and Prevention Market Share Analysis by Offering, Type, Deployment, Platform, Enterprise Size, Vertical, Threat Type, Application - Global Industry Demand Forecast to 2030
The revenue generated by the global fraud detection and prevention market was USD 27.9
billion in 2023. It is projected to experience a compound annual growth rate (CAGR) of 19.0% from 2024 to 2030, reaching USD 94.2 billion by the year 2030.
Market Drivers
Development is driven by technical improvements helping fraud identification, monitoring, evaluation, and prevention, particularly in banking and finance.
Increased internet usage contributes to a rise in offline and online fraud cases, particularly targeting the elderly.
The necessity for regulatory compliance in fraud prevention leads to the widespread adoption of fraud detection technologies across industries.
Impact of the proliferation of online applications, resulting in an increase in fraudulent websites and apps, especially in sectors like retail and e-commerce.
Adoption of hybrid and analytical approaches to combine multiple fraud detection techniques for comprehensive fraud prevention strategies.
Hybrid and Analytical Methods Dominating the Industry
Hybrid and Analytical Method: Merging numerous fraud detection methods into a single technical solution to make a better and stronger fraud prevention plan.
Using Strengths of Several Approaches: The method uses the strengths of several fraud detection approaches to advance efficiency.
Smooth Connection and Analysis: The combined mechanism rapidly connects to every fraud detection application and examines the vital prevention measures for specific fraud kinds.
Significant Players Offering Hybrid Analytical Solutions: Businesses like TransUnion LLC, SAS Institute Inc., and Experian offer hybrid analytical methods to allow fast decision-making for real-time transactions.
Constant Adaptation to Evolving Fraud Tactics: The solution helps enterprises stay updated on constantly evolving fraud tactics, enhancing the protection of assets, customers, and reputations.
Service Category Expected to Experience Rapid Growth
During the projection period, the service category is estimated to advance at a higher CAGR, of 19.2%. This is mainly because of the technical advances, the capability to track all the time, and flexibility.
Integration, Consulting, and Training Services Essential: Organizations require these services to establish a strong and comprehensive framework.
Emphasis on Cybersecurity Services: Businesses are prioritizing cybersecurity services to fortify their defenses against unauthorized access and data manipulation, with a focus on safeguarding confidential information.
BFSI Category Is the Market Dominator
The BFSI category generated the highest income in the fraud discovery and prevention industry. This can be credited to the fast electrification and digitalization process in the past few years.
Considered the largest action-oriented program in the banking and financial sector, leading to substantial investments in on-premises and cloud security systems.
Aids in decreasing instances of online transaction fraud, including insurance claim fraud, card-related fraud, and loan fraud, particularly within the banking and financial sector.
As per the FTC, customers stated losing USD 8.8 billion to investment fraud in 2022, marking a surge of over 30% in comparison previous year.
North America Is Leading the Market
The North American region presently is the largest market for fraud detection and prevention.
This is mainly because of the growing acceptance of cloud tech by business firms for numerous operations, therefore contributing to a surge in the count of sham activities.
Furthermore, the strong surge in R&D with the addition of advanced and secure networks fortified with the IoT will help industry development in the continent. For example, popular companies in North America such as Samsung, Google, and Apple are focused on enhanced mobile payment gateways and in this way paying to a high need for such kinds of solutions in the continent.
The APAC region is projected to be the fastest-rising industry during the projection period. This can be credited to advanced IT development, batch streaming, increasing establishment by huge enterprises, and the rising need for real-time fraud discovery to shield small and medium enterprises in the region.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by offering
- 1.4.2. Market size breakdown, by type
- 1.4.3. Market size breakdown, by deployment
- 1.4.4. Market size breakdown, by platform
- 1.4.5. Market size breakdown, by enterprise size
- 1.4.6. Market size breakdown, by vertical
- 1.4.7. Market size breakdown, by threat type
- 1.4.8. Market size breakdown, by application
- 1.4.9. Market size breakdown, by region
- 1.4.10. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Offering (2017-2030)
- 6.3. Market Revenue, by Type (2017-2030)
- 6.4. Market Revenue, by Deployment (2017-2030)
- 6.5. Market Revenue, by Platform (2017-2030)
- 6.6. Market Revenue, by Enterprise Size (2017-2030)
- 6.7. Market Revenue, by Vertical (2017-2030)
- 6.8. Market Revenue, by Threat Type (2017-2030)
- 6.9. Market Revenue, by Application (2017-2030)
- 6.10. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Offering (2017-2030)
- 7.3. Market Revenue, by Type (2017-2030)
- 7.4. Market Revenue, by Deployment (2017-2030)
- 7.5. Market Revenue, by Platform (2017-2030)
- 7.6. Market Revenue, by Enterprise Size (2017-2030)
- 7.7. Market Revenue, by Vertical (2017-2030)
- 7.8. Market Revenue, by Threat Type (2017-2030)
- 7.9. Market Revenue, by Application (2017-2030)
- 7.10. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Offering (2017-2030)
- 8.3. Market Revenue, by Type (2017-2030)
- 8.4. Market Revenue, by Deployment (2017-2030)
- 8.5. Market Revenue, by Platform (2017-2030)
- 8.6. Market Revenue, by Enterprise Size (2017-2030)
- 8.7. Market Revenue, by Vertical (2017-2030)
- 8.8. Market Revenue, by Threat Type (2017-2030)
- 8.9. Market Revenue, by Application (2017-2030)
- 8.10. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Offering (2017-2030)
- 9.3. Market Revenue, by Type (2017-2030)
- 9.4. Market Revenue, by Deployment (2017-2030)
- 9.5. Market Revenue, by Platform (2017-2030)
- 9.6. Market Revenue, by Enterprise Size (2017-2030)
- 9.7. Market Revenue, by Vertical (2017-2030)
- 9.8. Market Revenue, by Threat Type (2017-2030)
- 9.9. Market Revenue, by Application (2017-2030)
- 9.10. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Offering (2017-2030)
- 10.3. Market Revenue, by Type (2017-2030)
- 10.4. Market Revenue, by Deployment (2017-2030)
- 10.5. Market Revenue, by Platform (2017-2030)
- 10.6. Market Revenue, by Enterprise Size (2017-2030)
- 10.7. Market Revenue, by Vertical (2017-2030)
- 10.8. Market Revenue, by Threat Type (2017-2030)
- 10.9. Market Revenue, by Application (2017-2030)
- 10.10. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Offering (2017-2030)
- 11.3. Market Revenue, by Type (2017-2030)
- 11.4. Market Revenue, by Deployment (2017-2030)
- 11.5. Market Revenue, by Platform (2017-2030)
- 11.6. Market Revenue, by Enterprise Size (2017-2030)
- 11.7. Market Revenue, by Vertical (2017-2030)
- 11.8. Market Revenue, by Threat Type (2017-2030)
- 11.9. Market Revenue, by Application (2017-2030)
- 11.10. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Offering (2017-2030)
- 12.3. Market Revenue, by Type (2017-2030)
- 12.4. Market Revenue, by Deployment (2017-2030)
- 12.5. Market Revenue, by Platform (2017-2030)
- 12.6. Market Revenue, by Enterprise Size (2017-2030)
- 12.7. Market Revenue, by Vertical (2017-2030)
- 12.8. Market Revenue, by Threat Type (2017-2030)
- 12.9. Market Revenue, by Application (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Offering (2017-2030)
- 13.3. Market Revenue, by Type (2017-2030)
- 13.4. Market Revenue, by Deployment (2017-2030)
- 13.5. Market Revenue, by Platform (2017-2030)
- 13.6. Market Revenue, by Enterprise Size (2017-2030)
- 13.7. Market Revenue, by Vertical (2017-2030)
- 13.8. Market Revenue, by Threat Type (2017-2030)
- 13.9. Market Revenue, by Application (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Offering (2017-2030)
- 14.3. Market Revenue, by Type (2017-2030)
- 14.4. Market Revenue, by Deployment (2017-2030)
- 14.5. Market Revenue, by Platform (2017-2030)
- 14.6. Market Revenue, by Enterprise Size (2017-2030)
- 14.7. Market Revenue, by Vertical (2017-2030)
- 14.8. Market Revenue, by Threat Type (2017-2030)
- 14.9. Market Revenue, by Application (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Offering (2017-2030)
- 15.3. Market Revenue, by Type (2017-2030)
- 15.4. Market Revenue, by Deployment (2017-2030)
- 15.5. Market Revenue, by Platform (2017-2030)
- 15.6. Market Revenue, by Enterprise Size (2017-2030)
- 15.7. Market Revenue, by Vertical (2017-2030)
- 15.8. Market Revenue, by Threat Type (2017-2030)
- 15.9. Market Revenue, by Application (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Offering (2017-2030)
- 16.3. Market Revenue, by Type (2017-2030)
- 16.4. Market Revenue, by Deployment (2017-2030)
- 16.5. Market Revenue, by Platform (2017-2030)
- 16.6. Market Revenue, by Enterprise Size (2017-2030)
- 16.7. Market Revenue, by Vertical (2017-2030)
- 16.8. Market Revenue, by Threat Type (2017-2030)
- 16.9. Market Revenue, by Application (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Offering (2017-2030)
- 17.3. Market Revenue, by Type (2017-2030)
- 17.4. Market Revenue, by Deployment (2017-2030)
- 17.5. Market Revenue, by Platform (2017-2030)
- 17.6. Market Revenue, by Enterprise Size (2017-2030)
- 17.7. Market Revenue, by Vertical (2017-2030)
- 17.8. Market Revenue, by Threat Type (2017-2030)
- 17.9. Market Revenue, by Application (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Offering (2017-2030)
- 18.3. Market Revenue, by Type (2017-2030)
- 18.4. Market Revenue, by Deployment (2017-2030)
- 18.5. Market Revenue, by Platform (2017-2030)
- 18.6. Market Revenue, by Enterprise Size (2017-2030)
- 18.7. Market Revenue, by Vertical (2017-2030)
- 18.8. Market Revenue, by Threat Type (2017-2030)
- 18.9. Market Revenue, by Application (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Offering (2017-2030)
- 19.3. Market Revenue, by Type (2017-2030)
- 19.4. Market Revenue, by Deployment (2017-2030)
- 19.5. Market Revenue, by Platform (2017-2030)
- 19.6. Market Revenue, by Enterprise Size (2017-2030)
- 19.7. Market Revenue, by Vertical (2017-2030)
- 19.8. Market Revenue, by Threat Type (2017-2030)
- 19.9. Market Revenue, by Application (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Offering (2017-2030)
- 20.3. Market Revenue, by Type (2017-2030)
- 20.4. Market Revenue, by Deployment (2017-2030)
- 20.5. Market Revenue, by Platform (2017-2030)
- 20.6. Market Revenue, by Enterprise Size (2017-2030)
- 20.7. Market Revenue, by Vertical (2017-2030)
- 20.8. Market Revenue, by Threat Type (2017-2030)
- 20.9. Market Revenue, by Application (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Offering (2017-2030)
- 21.3. Market Revenue, by Type (2017-2030)
- 21.4. Market Revenue, by Deployment (2017-2030)
- 21.5. Market Revenue, by Platform (2017-2030)
- 21.6. Market Revenue, by Enterprise Size (2017-2030)
- 21.7. Market Revenue, by Vertical (2017-2030)
- 21.8. Market Revenue, by Threat Type (2017-2030)
- 21.9. Market Revenue, by Application (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Offering (2017-2030)
- 22.3. Market Revenue, by Type (2017-2030)
- 22.4. Market Revenue, by Deployment (2017-2030)
- 22.5. Market Revenue, by Platform (2017-2030)
- 22.6. Market Revenue, by Enterprise Size (2017-2030)
- 22.7. Market Revenue, by Vertical (2017-2030)
- 22.8. Market Revenue, by Threat Type (2017-2030)
- 22.9. Market Revenue, by Application (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Offering (2017-2030)
- 23.3. Market Revenue, by Type (2017-2030)
- 23.4. Market Revenue, by Deployment (2017-2030)
- 23.5. Market Revenue, by Platform (2017-2030)
- 23.6. Market Revenue, by Enterprise Size (2017-2030)
- 23.7. Market Revenue, by Vertical (2017-2030)
- 23.8. Market Revenue, by Threat Type (2017-2030)
- 23.9. Market Revenue, by Application (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Offering (2017-2030)
- 24.3. Market Revenue, by Type (2017-2030)
- 24.4. Market Revenue, by Deployment (2017-2030)
- 24.5. Market Revenue, by Platform (2017-2030)
- 24.6. Market Revenue, by Enterprise Size (2017-2030)
- 24.7. Market Revenue, by Vertical (2017-2030)
- 24.8. Market Revenue, by Threat Type (2017-2030)
- 24.9. Market Revenue, by Application (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Offering (2017-2030)
- 25.3. Market Revenue, by Type (2017-2030)
- 25.4. Market Revenue, by Deployment (2017-2030)
- 25.5. Market Revenue, by Platform (2017-2030)
- 25.6. Market Revenue, by Enterprise Size (2017-2030)
- 25.7. Market Revenue, by Vertical (2017-2030)
- 25.8. Market Revenue, by Threat Type (2017-2030)
- 25.9. Market Revenue, by Application (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Offering (2017-2030)
- 26.3. Market Revenue, by Type (2017-2030)
- 26.4. Market Revenue, by Deployment (2017-2030)
- 26.5. Market Revenue, by Platform (2017-2030)
- 26.6. Market Revenue, by Enterprise Size (2017-2030)
- 26.7. Market Revenue, by Vertical (2017-2030)
- 26.8. Market Revenue, by Threat Type (2017-2030)
- 26.9. Market Revenue, by Application (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Offering (2017-2030)
- 27.3. Market Revenue, by Type (2017-2030)
- 27.4. Market Revenue, by Deployment (2017-2030)
- 27.5. Market Revenue, by Platform (2017-2030)
- 27.6. Market Revenue, by Enterprise Size (2017-2030)
- 27.7. Market Revenue, by Vertical (2017-2030)
- 27.8. Market Revenue, by Threat Type (2017-2030)
- 27.9. Market Revenue, by Application (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Offering (2017-2030)
- 28.3. Market Revenue, by Type (2017-2030)
- 28.4. Market Revenue, by Deployment (2017-2030)
- 28.5. Market Revenue, by Platform (2017-2030)
- 28.6. Market Revenue, by Enterprise Size (2017-2030)
- 28.7. Market Revenue, by Vertical (2017-2030)
- 28.8. Market Revenue, by Threat Type (2017-2030)
- 28.9. Market Revenue, by Application (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. IBM Corporation
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. RELX
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Experian PLC
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Fiserv Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Sas Institute Inc.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. ACI Worldwide Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
