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Fraud Detection And Prevention Market Recent Development And Future Growth Forecast To 2032
Fraud Detection And Prevention Market
Fraud Detection And Prevention Market Size, Growth Rate, And Forecast
The global fraud detection and prevention market size grew from $33.58 billion in 2022 to $41.91 billion in 2023, at a compound annual growth rate (CAGR) of 24.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fraud detection and prevention market size is expected to grow to $102.45 billion in 2027 at a CAGR of 25.0%.
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Fraud Detection And Prevention Market Drivers
An increase in the frequency of cyberattacks and frauds is driving the growth of the fraud detection and prevention market. The International Criminal Police Organization's judgement of the impact of COVID-19 on cybercrime has demonstrated an important target shift from individuals and small businesses to major corporations.
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Fraud Detection And Prevention Market Segments
1) By Fraud Type: Check Fraud, Identity Fraud, Internet /Online Fraud, Investment Fraud, Payment Frauds, Insurance Fraud, Other Fraud Types
2) By Deployment Mode: Cloud, On-premises
3) By Solution: Fraud Analytics, Authentication, Reporting, Visualisation, Other Solutions
4) By Application: Insurance claims, Money laundering, Electronic Payment
5) By End User: Small and Medium Enterprises (SMEs), Large Enterprises
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Fraud Detection And Prevention Market.
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Fraud Detection And Prevention Market Key Players
Major competitors in the Fraud Detection And Prevention Market include IBM Corporation, FICO, Oracle Corporation, SAS Institute, BAE Systems, DXC Technology, SAP SE, ACI Worldwide, Fiserv, Inc., ThreatMetrix Company, NICE System Ltd., F5 Networks Inc., Equifax Inc., Cybersource Corporation, and Global Payments Inc
The Business Research Company's "Global Fraud Detection And Prevention Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Fraud Detection And Prevention Market Include:
1. Executive Summary
2. Fraud Detection And Prevention Market Characteristics
3. Fraud Detection And Prevention Market Trends And Strategies
4. Fraud Detection And Prevention Market - Macro Economic Scenario
5. Fraud Detection And Prevention Market Size And Growth
.......
26. Africa Fraud Detection And Prevention Market
27. Fraud Detection And Prevention Market Competitive Landscape And Company Profiles
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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