Product Code: A01812
According to a new report published by Allied Market Research, titled, "Fraud Detection and Prevention Market," The fraud detection and prevention market was valued at $29.46 billion in 2022, and is estimated to reach $252.7 billion by 2032, growing at a CAGR of 24.3% from 2023 to 2032.
Furthermore, fraud detection and prevention solutions are solutions offered by the IT vendors to small & medium enterprises and large enterprises to defend against unwilling or uncertain incidents that help to detect or prevent future occurrences. The current business scenario has witnessed an upsurge in the adoption of fraud detection and prevention solutions in developed as well as developing regions. The companies have adopted efficient techniques in an effort to provide customers with innovative and modernized security offerings.
The emergence of big data analytics and rise in number of connected devices thus drive the growth of the market. In addition, growth in demand for cloud-based security solutions and rapid increase in mobile banking drives the growth of the growth of the market during the forecast period. However, lack of awareness regarding digital attacks, and high cost of fraud detection and prevention solutions constraints hamper the growth of the market. Furthermore, the rise in demand for advanced technologies and need for strong authentication methods provides opportunities for fraud detection and prevention vendors to expand their customer base. Furthermore, increased investments by organizations, governments against cyber-attacks, and adoption of cloud-based fraud detection & prevention solutions. In addition, the adoption of IoT (Internet of Things) based devices globally provides ample growth opportunities for fraud detection and prevention solution during the forecast period. In addition, rise in the number of connected devices and need for strong authentication solutions are expected to provide the lucrative opportunities for the fraud and prevention market growth during the forecast period.
The fraud detection and prevention market is segmented into component, organization size, deployment mode, industry vertical, and region. Based on component, the market is segmented into solutions and service. By organization size, it is fragmented into large enterprises and small and medium sized enterprises. Based on deployment mode, the market is segmented into cloud and on-premises. Depending on industry vertical, it is segregated into BFSI, IT & telecom, retail, healthcare, government & defense, manufacturing, transportation & logistics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The fraud and detection and prevention key players operating in the fraud detection and prevention market are IBM Corporation, Oracle Corporation, SAS Institute Inc., Fair Isaac Corporation., SAP SE, BAE Systems, ACI Worldwide, NCR Limited, Precisely Holding LLC, and LexisNexis. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the fraud detection and prevention market globally.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the fraud detection and prevention market forecast along with the current and future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on fraud detection and prevention market trends is provided in the report.
- The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the fraud detection and prevention market from 2022 to 2032 is provided to determine the market potential.
Key Market Segments
By Component
- Solution
- Solution
- Authentication
- Fraud Analytics
- Government, Risk and Compliance (GRC)
- Service
By Deployment Mode
By Organization Size
- Large Enterprises
- Small and Medium sized Enterprises
By Industry Vertical
- BFSI
- IT and Telecom
- Retail
- Healthcare
- Government and Defense
- Manufacturing
- Transportation and Logistics
- Others
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- ACI Worldwide
- BAE Systems PLC.
- Fair Isaac Corporation (FICO)
- International Business Machines Corporation
- LexisNexis
- NCR Corporation
- Oracle Corporation.
- Precisely Holdings, LLC
- SAP SE
- SAS Institute Inc.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low-to-high bargaining power of suppliers
- 3.3.2. Moderate threat of new entrants
- 3.3.3. Moderate-to-high threat of substitutes
- 3.3.4. Low-to-high intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Emergence of big data analytics
- 3.4.1.2. Rise in number of connected devices
- 3.4.1.3. Growth in demand for cloud-based security solutions
- 3.4.1.4. Rapid increase in mobile banking
- 3.4.2. Restraints
- 3.4.2.1. Lack of awareness regarding digital attacks
- 3.4.2.2. High cost of fraud detection and prevention solutions
- 3.4.3. Opportunities
- 3.4.3.1. Rise in demand for advanced technologies
- 3.4.3.2. Need for strong authentication methods
- 3.5. COVID-19 Impact Analysis on the market
- 3.6. Regulatory Guidelines
- 3.7. Value Chain Analysis
- 3.8. Key Regulation Analysis
- 3.9. Patent Landscape
CHAPTER 4: FRAUD DETECTION AND PREVENTION MARKET, BY COMPONENT
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Solution
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.2.4. Solution Fraud Detection And Prevention Market by Solution
- 4.2.4.1. Authentication Market size and forecast, by region
- 4.2.4.2. Authentication Market size and forecast, by country
- 4.2.4.3. Fraud Analytics Market size and forecast, by region
- 4.2.4.4. Fraud Analytics Market size and forecast, by country
- 4.2.4.5. Government, Risk and Compliance (GRC) Market size and forecast, by region
- 4.2.4.6. Government, Risk and Compliance (GRC) Market size and forecast, by country
- 4.3. Service
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: FRAUD DETECTION AND PREVENTION MARKET, BY DEPLOYMENT MODE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. On Premises
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Cloud
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: FRAUD DETECTION AND PREVENTION MARKET, BY ORGANIZATION SIZE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Large Enterprises
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Small and Medium sized Enterprises
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: FRAUD DETECTION AND PREVENTION MARKET, BY INDUSTRY VERTICAL
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. BFSI
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.3. IT and Telecom
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Retail
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- 7.5. Healthcare
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
- 7.6. Government and Defense
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country
- 7.7. Manufacturing
- 7.7.1. Key market trends, growth factors and opportunities
- 7.7.2. Market size and forecast, by region
- 7.7.3. Market share analysis by country
- 7.8. Transportation and Logistics
- 7.8.1. Key market trends, growth factors and opportunities
- 7.8.2. Market size and forecast, by region
- 7.8.3. Market share analysis by country
- 7.9. Others
- 7.9.1. Key market trends, growth factors and opportunities
- 7.9.2. Market size and forecast, by region
- 7.9.3. Market share analysis by country
CHAPTER 8: FRAUD DETECTION AND PREVENTION MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Component
- 8.2.2.1. North America Solution Fraud Detection And Prevention Market by Solution
- 8.2.3. Market size and forecast, by Deployment Mode
- 8.2.4. Market size and forecast, by Organization Size
- 8.2.5. Market size and forecast, by Industry Vertical
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Key market trends, growth factors and opportunities
- 8.2.6.1.2. Market size and forecast, by Component
- 8.2.6.1.2.1. U.S. Solution Fraud Detection And Prevention Market by Solution
- 8.2.6.1.3. Market size and forecast, by Deployment Mode
- 8.2.6.1.4. Market size and forecast, by Organization Size
- 8.2.6.1.5. Market size and forecast, by Industry Vertical
- 8.2.6.2. Canada
- 8.2.6.2.1. Key market trends, growth factors and opportunities
- 8.2.6.2.2. Market size and forecast, by Component
- 8.2.6.2.2.1. Canada Solution Fraud Detection And Prevention Market by Solution
- 8.2.6.2.3. Market size and forecast, by Deployment Mode
- 8.2.6.2.4. Market size and forecast, by Organization Size
- 8.2.6.2.5. Market size and forecast, by Industry Vertical
- 8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Component
- 8.3.2.1. Europe Solution Fraud Detection And Prevention Market by Solution
- 8.3.3. Market size and forecast, by Deployment Mode
- 8.3.4. Market size and forecast, by Organization Size
- 8.3.5. Market size and forecast, by Industry Vertical
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. UK
- 8.3.6.1.1. Key market trends, growth factors and opportunities
- 8.3.6.1.2. Market size and forecast, by Component
- 8.3.6.1.2.1. UK Solution Fraud Detection And Prevention Market by Solution
- 8.3.6.1.3. Market size and forecast, by Deployment Mode
- 8.3.6.1.4. Market size and forecast, by Organization Size
- 8.3.6.1.5. Market size and forecast, by Industry Vertical
- 8.3.6.2. Germany
- 8.3.6.2.1. Key market trends, growth factors and opportunities
- 8.3.6.2.2. Market size and forecast, by Component
- 8.3.6.2.2.1. Germany Solution Fraud Detection And Prevention Market by Solution
- 8.3.6.2.3. Market size and forecast, by Deployment Mode
- 8.3.6.2.4. Market size and forecast, by Organization Size
- 8.3.6.2.5. Market size and forecast, by Industry Vertical
- 8.3.6.3. France
- 8.3.6.3.1. Key market trends, growth factors and opportunities
- 8.3.6.3.2. Market size and forecast, by Component
- 8.3.6.3.2.1. France Solution Fraud Detection And Prevention Market by Solution
- 8.3.6.3.3. Market size and forecast, by Deployment Mode
- 8.3.6.3.4. Market size and forecast, by Organization Size
- 8.3.6.3.5. Market size and forecast, by Industry Vertical
- 8.3.6.4. Italy
- 8.3.6.4.1. Key market trends, growth factors and opportunities
- 8.3.6.4.2. Market size and forecast, by Component
- 8.3.6.4.2.1. Italy Solution Fraud Detection And Prevention Market by Solution
- 8.3.6.4.3. Market size and forecast, by Deployment Mode
- 8.3.6.4.4. Market size and forecast, by Organization Size
- 8.3.6.4.5. Market size and forecast, by Industry Vertical
- 8.3.6.5. Spain
- 8.3.6.5.1. Key market trends, growth factors and opportunities
- 8.3.6.5.2. Market size and forecast, by Component
- 8.3.6.5.2.1. Spain Solution Fraud Detection And Prevention Market by Solution
- 8.3.6.5.3. Market size and forecast, by Deployment Mode
- 8.3.6.5.4. Market size and forecast, by Organization Size
- 8.3.6.5.5. Market size and forecast, by Industry Vertical
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Key market trends, growth factors and opportunities
- 8.3.6.6.2. Market size and forecast, by Component
- 8.3.6.6.2.1. Rest of Europe Solution Fraud Detection And Prevention Market by Solution
- 8.3.6.6.3. Market size and forecast, by Deployment Mode
- 8.3.6.6.4. Market size and forecast, by Organization Size
- 8.3.6.6.5. Market size and forecast, by Industry Vertical
- 8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Component
- 8.4.2.1. Asia-Pacific Solution Fraud Detection And Prevention Market by Solution
- 8.4.3. Market size and forecast, by Deployment Mode
- 8.4.4. Market size and forecast, by Organization Size
- 8.4.5. Market size and forecast, by Industry Vertical
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. China
- 8.4.6.1.1. Key market trends, growth factors and opportunities
- 8.4.6.1.2. Market size and forecast, by Component
- 8.4.6.1.2.1. China Solution Fraud Detection And Prevention Market by Solution
- 8.4.6.1.3. Market size and forecast, by Deployment Mode
- 8.4.6.1.4. Market size and forecast, by Organization Size
- 8.4.6.1.5. Market size and forecast, by Industry Vertical
- 8.4.6.2. Japan
- 8.4.6.2.1. Key market trends, growth factors and opportunities
- 8.4.6.2.2. Market size and forecast, by Component
- 8.4.6.2.2.1. Japan Solution Fraud Detection And Prevention Market by Solution
- 8.4.6.2.3. Market size and forecast, by Deployment Mode
- 8.4.6.2.4. Market size and forecast, by Organization Size
- 8.4.6.2.5. Market size and forecast, by Industry Vertical
- 8.4.6.3. India
- 8.4.6.3.1. Key market trends, growth factors and opportunities
- 8.4.6.3.2. Market size and forecast, by Component
- 8.4.6.3.2.1. India Solution Fraud Detection And Prevention Market by Solution
- 8.4.6.3.3. Market size and forecast, by Deployment Mode
- 8.4.6.3.4. Market size and forecast, by Organization Size
- 8.4.6.3.5. Market size and forecast, by Industry Vertical
- 8.4.6.4. Australia
- 8.4.6.4.1. Key market trends, growth factors and opportunities
- 8.4.6.4.2. Market size and forecast, by Component
- 8.4.6.4.2.1. Australia Solution Fraud Detection And Prevention Market by Solution
- 8.4.6.4.3. Market size and forecast, by Deployment Mode
- 8.4.6.4.4. Market size and forecast, by Organization Size
- 8.4.6.4.5. Market size and forecast, by Industry Vertical
- 8.4.6.5. South Korea
- 8.4.6.5.1. Key market trends, growth factors and opportunities
- 8.4.6.5.2. Market size and forecast, by Component
- 8.4.6.5.2.1. South Korea Solution Fraud Detection And Prevention Market by Solution
- 8.4.6.5.3. Market size and forecast, by Deployment Mode
- 8.4.6.5.4. Market size and forecast, by Organization Size
- 8.4.6.5.5. Market size and forecast, by Industry Vertical
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Key market trends, growth factors and opportunities
- 8.4.6.6.2. Market size and forecast, by Component
- 8.4.6.6.2.1. Rest of Asia-Pacific Solution Fraud Detection And Prevention Market by Solution
- 8.4.6.6.3. Market size and forecast, by Deployment Mode
- 8.4.6.6.4. Market size and forecast, by Organization Size
- 8.4.6.6.5. Market size and forecast, by Industry Vertical
- 8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Component
- 8.5.2.1. LAMEA Solution Fraud Detection And Prevention Market by Solution
- 8.5.3. Market size and forecast, by Deployment Mode
- 8.5.4. Market size and forecast, by Organization Size
- 8.5.5. Market size and forecast, by Industry Vertical
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Latin America
- 8.5.6.1.1. Key market trends, growth factors and opportunities
- 8.5.6.1.2. Market size and forecast, by Component
- 8.5.6.1.2.1. Latin America Solution Fraud Detection And Prevention Market by Solution
- 8.5.6.1.3. Market size and forecast, by Deployment Mode
- 8.5.6.1.4. Market size and forecast, by Organization Size
- 8.5.6.1.5. Market size and forecast, by Industry Vertical
- 8.5.6.2. Middle East
- 8.5.6.2.1. Key market trends, growth factors and opportunities
- 8.5.6.2.2. Market size and forecast, by Component
- 8.5.6.2.2.1. Middle East Solution Fraud Detection And Prevention Market by Solution
- 8.5.6.2.3. Market size and forecast, by Deployment Mode
- 8.5.6.2.4. Market size and forecast, by Organization Size
- 8.5.6.2.5. Market size and forecast, by Industry Vertical
- 8.5.6.3. Africa
- 8.5.6.3.1. Key market trends, growth factors and opportunities
- 8.5.6.3.2. Market size and forecast, by Component
- 8.5.6.3.2.1. Africa Solution Fraud Detection And Prevention Market by Solution
- 8.5.6.3.3. Market size and forecast, by Deployment Mode
- 8.5.6.3.4. Market size and forecast, by Organization Size
- 8.5.6.3.5. Market size and forecast, by Industry Vertical
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
- 10.1. ACI Worldwide
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
- 10.2. BAE Systems PLC.
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
- 10.3. International Business Machines Corporation
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.3.7. Key strategic moves and developments
- 10.4. Precisely Holdings, LLC
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Key strategic moves and developments
- 10.5. Fair Isaac Corporation (FICO)
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.5.7. Key strategic moves and developments
- 10.6. NCR Corporation
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Business performance
- 10.6.7. Key strategic moves and developments
- 10.7. Oracle Corporation.
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.7.7. Key strategic moves and developments
- 10.8. SAP SE
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Business performance
- 10.8.7. Key strategic moves and developments
- 10.9. SAS Institute Inc.
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Key strategic moves and developments
- 10.10. LexisNexis
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance
- 10.10.7. Key strategic moves and developments