Press release
Fraud Detection And Prevention Market Size Is Expected To Reach $81.01 Billion And Will Show A Steady Rise At 24.69% CAGR During 2022 To 2026
Fraud Detection And Prevention Market
The regions covered in the fraud detection and prevention market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest fraud detection and prevention market share.
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The fraud detection and prevention market consists of sales of fraud detection and prevention services by entities (organizations, sole traders, and partnerships) that refer to fraudulent activities, which can involve a broad range of cases, including money laundering, cybersecurity threats, tax evasion, and fraudulent insurance claims. Fraud detection and prevention refers to the strategies accepted to find out and avoid attempts to secure money or property by deception.
Key competitors in the fraud detection and prevention market are IBM Corporation, FICO, Oracle Corporation, SAS Institute, BAE Systems, DXC Technology, SAP SE, ACI Worldwide, Fiserv, Inc., ThreatMetrix company.
The global fraud detection and prevention market size is expected to grow from $26.99 billion in 2021 to $33.51 billion in 2022 at a compound annual growth rate (CAGR) of 24.17%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The fraud detection market is expected to reach $81.01 billion in 2026 at a CAGR of 24.69%.
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TBRC's report segments the global fraud detection and prevention market:
1) By Fraud Type: Check Fraud, Identity Fraud, Internet /Online Fraud, Investment Fraud, Payment Frauds, Insurance Fraud, Others
2) By Deployment Mode: Cloud, On-Premise
3) By Solution: Fraud Analytics, Authentication, Reporting, Visualisation, Others
4) By Application: Insurance Claims, Money Laundering, Electronic Payment
5) By End-User: Small and Medium Enterprises (SMEs), Large Enterprises
Read Further On The Fraud Detection And Prevention Market Here:
https://www.thebusinessresearchcompany.com/report/fraud-detection-and-prevention-global-market-report
The Table Of Contents Includes:
1. Executive Summary
2. Fraud Detection And Prevention Market Characteristics
3. Fraud Detection And Prevention Market Trends And Strategies
4. Impact Of COVID-19 On Fraud Detection And Prevention
5. Fraud Detection And Prevention Market Size And Growth
.....
28. Key Mergers And Acquisitions In The Fraud Detection And Prevention Market
29. Fraud Detection And Prevention Market Future Outlook And Potential Analysis
30. Appendix
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