Market Overview:
The global fraud detection and prevention market is expected to grow from USD 9.8 billion in 2018 to USD 21.5 billion by 2030, at a CAGR of 11.9% during the forecast period. The growth of this market can be attributed to the increasing incidence of fraudulent activities across organizations and the need for efficient fraud detection and prevention solutions and services to mitigate such risks. Furthermore, the growing adoption of cloud-based solutions is also contributing to the growth of this market.
Product Definition:
Fraud Detection & Prevention is the activity of identifying, investigating and preventing fraud. The importance of Fraud Detection & Prevention is to protect an organization's finances, reputation and data.
Services:
Services are the set of processes and practices that help organizations to improve their productivity, efficiency and effectiveness. The services market is driven by factors such as growing demand for outsourcing operations, rising competition in the service industry leading to high demand for fraud detection & prevention solutions.
The global services market has witnessed significant growth over the past few years owing to its ability to provide core competencies required by businesses which in turn helps them focus on their core areas.
Solutions:
The global solutions and it's usage in fraud detection & prevention market size was valued at USD 2.72 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 11.1% from 2019 to 2025. The increasing cases of identity theft across the globe are one of the major factors driving the market growth.
Application Insights:
The cloud-based application segment dominated the market in 2017. It is estimated to continue leading over the forecast period as well. The fraud detection and prevention solutions offered through the cloud-based infrastructure offer various advantages, such as scalability, high availability, and easy disaster recovery. These solutions also help organizations in reducing costs associated with hardware procurement, maintenance and support by providing a turnkey solution that includes everything from hardware to software applications required for data processing.
The on-premise application segment is expected to register a significant CAGR of XX% over the forecast period owing to its ability to detect frauds at an early stage and prevent them from escalating into large scale breaches or disasters affecting business operations across multiple channels such as online banking, ecommerce & retail stores or mobile payments systems.
Regional Analysis:
North America dominated the global fraud detection and prevention market in 2017. The growth of this region can be attributed to various factors such as the presence of a large number of vendors offering advanced solutions, high adoption rate for digital technologies among organizations, and stringent regulations regarding financial crimes. Moreover, increasing cases of cyber-crimes have led North American countries to strengthen their Anti-Fraud Law which is further expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increased government spending on security infrastructure coupled with rising awareness about online shopping and banking security in emerging economies including India, China, Indonesia etcetera. Rapid technological advancements coupled with growing demand for cost effective fraud prevention solutions are some other factors driving regional market growth during the forecast period.
Growth Factors:
- Increasing incidence of fraud in various industries
- Proliferation of digital channels and the use of technology for fraudulent activities
- The increasing sophistication of cybercrime and its impact on businesses
- Regulatory changes and compliance requirements related to fraud prevention
- The growing demand for managed services by organizations to outsource their fraud detection and prevention functions
Scope Of The Report
Report Attributes
Report Details
Report Title
Fraud Detection & Prevention Market Research Report
By Type
Services, Solutions
By Application
Cloud Based, On Premise
By Companies
IBM Corporation, Oracle Corporation, SAS Institute, Inc., Fair Isaac Corporation (FICO), SAP SE, Bae Systems, ACI Worldwide, Inc., NCR Corporation, Martin Dawes Systems Limited (Lavastorm), ThreatMetrix
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Fraud Detection & Prevention Market Report Segments:
The global Fraud Detection & Prevention market is segmented on the basis of:
Types
Services, Solutions
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cloud Based, On Premise
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IBM Corporation
- Oracle Corporation
- SAS Institute, Inc.
- Fair Isaac Corporation (FICO)
- SAP SE
- Bae Systems
- ACI Worldwide, Inc.
- NCR Corporation
- Martin Dawes Systems Limited (Lavastorm)
- ThreatMetrix
Highlights of The Fraud Detection & Prevention Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Services
- Solutions
- By Application:
- Cloud Based
- On Premise
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fraud Detection & Prevention Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fraud detection and prevention is the process of identifying, investigating, and preventing fraud in an organization. Fraud can take many forms, including financial fraud (such as theft or embezzlement), identity theft, computer hacking, and other types of scams. Organizations can use a variety of methods to detect and prevent fraud, including employee screening processes, internal auditing procedures, risk management strategies, and customer-protection measures.
Some of the major companies in the fraud detection & prevention market are IBM Corporation, Oracle Corporation, SAS Institute, Inc., Fair Isaac Corporation (FICO), SAP SE, Bae Systems, ACI Worldwide, Inc., NCR Corporation, Martin Dawes Systems Limited (Lavastorm), ThreatMetrix.
The fraud detection & prevention market is expected to register a CAGR of 11.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Fraud Detection & Prevention Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Fraud Detection & Prevention Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fraud Detection & Prevention Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Fraud Detection & Prevention Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Fraud Detection & Prevention Market Size & Forecast, 2020-2028
4.5.1 Fraud Detection & Prevention Market Size and Y-o-Y Growth
4.5.2 Fraud Detection & Prevention Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Services
5.2.2 Solutions
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cloud Based
6.2.2 On Premise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fraud Detection & Prevention Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Fraud Detection & Prevention Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Services
9.6.2 Solutions
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cloud Based
9.10.2 On Premise
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Services
10.6.2 Solutions
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cloud Based
10.10.2 On Premise
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Services
11.6.2 Solutions
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cloud Based
11.10.2 On Premise
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Services
12.6.2 Solutions
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cloud Based
12.10.2 On Premise
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Services
13.6.2 Solutions
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cloud Based
13.10.2 On Premise
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Fraud Detection & Prevention Market: Competitive Dashboard
14.2 Global Fraud Detection & Prevention Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IBM Corporation
14.3.2 Oracle Corporation
14.3.3 SAS Institute, Inc.
14.3.4 Fair Isaac Corporation (FICO)
14.3.5 SAP SE
14.3.6 Bae Systems
14.3.7 ACI Worldwide, Inc.
14.3.8 NCR Corporation
14.3.9 Martin Dawes Systems Limited (Lavastorm)
14.3.10 ThreatMetrix
