Fraud Detection and Prevention Market Size in 2023 To 2029 | Fiserv (US), FIS Global (US), LexisNexis Risk Solutions (US), BAE Systems (UK), TransUnion (US), Experian (Ireland), Nice Actimize (US), ACI Worldwide (US), SAS Institute (US), RSA Security (US)

The report provides a comprehensive analysis of the factors driving market growth and their direct impact on the Fraud Detection and Prevention market. It offers an in-depth examination of the international Fraud Detection and Prevention Market, focusing on key factors such as drivers, sales inquiries, market boundaries, and market share. Additionally, the report assesses the market size across four key regions: North America, Europe, Asia-Pacific, and Rest of World. Readers will gain valuable insights into current industry trends and breakdowns through this research study, which incorporates global Fraud Detection and Prevention market data from various entities, including benefits, gross margins, strategic decisions, presented through tables, charts, and infographics.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=272449

The key vendors in the global FDP market include Fiserv (US), FIS Global (US), LexisNexis Risk Solutions (US), BAE Systems (UK), TransUnion (US), Experian (Ireland), Nice Actimize (US), ACI Worldwide (US), SAS Institute (US), RSA Security (US), SAP (Germany), FICO (US), Software AG (Germany), Microsoft (US), Neustar (US), F5 (US), Ingenico (France), AWS (US), Bottomline Technologies (US), ClearSale (Brazil), Genpact(US), Kount (US), Securonix (US), Accertify (US), Feedzai (Portugal), Caseware (Canada), PerimeterX (US), OneSpan (US), Signifyd (US), BioCatch (Israel), FRISS (Netherlands), MaxMind (US), DataVisor (US), Cleafy (Italy), Gurucul (US), Pondera Solutions (US), Riskified (US), Alloy (US), Castle (US), Sift (US), NoFraud (US), Featurespace (UK), Enzoic (US), Merlon AI (US), Kubient (US), SpyCloud (US), SEON (Hungary), Nethone (Poland), Trustcheckr (India), Deduce (US), Incognia (US), and Resistant AI (Czech Republic).

The report also delves into other significant aspects, including demand and supply dynamics, import and export scenarios, R&D developments, industry advancements, and cost structures. Moreover, it provides estimates for consumption demand and supply figures, production costs, and product selling prices.

This report is a valuable resource for new entrants and stakeholders looking to understand the complete dynamics of the Fraud Detection and Prevention market. It examines the competitive landscape and anticipates the future market scenario, considering factors like Porter's Five Forces analysis and the influence of the parent/peer market. The report also presents an overview of key market players, their product portfolios, business strategies, company profiles, and revenue shares. Furthermore, it offers insights into the impact of government regulations during the Covid-19 pandemic and assesses market conditions throughout the global pandemic.

The Global Fraud Detection and Prevention Market report also sheds light on the major players in the industry, describing their product offerings, business strategies, company profiles, and revenue shares. Finally, the study defines strategies such as partnerships, development initiatives, collaborations, joint projects, and others undertaken by industry leaders to enhance their position in the sector.

"The market expansion in FDP is driven by the growing adoption of cutting-edge technologies, such as batch processing, streaming analytics, and predictive analysis, which enable real-time fraud detection. Additionally, there is a rising demand to protect small and medium-sized enterprises (SMEs) from fraudulent activities, further contributing to the market growth will boost the overall development of the FDP market."

The global FDP market size is projected to grow from USD 27.7 billion in 2023 to USD 66.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period. The market growth in FDP is fueled by factors such as increased use of digital technologies and IoT across industries, rising revenue losses and chargebacks due to fraud, and the adoption of fraud analytics and risk-based authentication solutions to combat fraud. These driving forces highlight the growing demand for advanced solutions to protect businesses from emerging threats, mitigate financial losses, and enhance fraud detection capabilities.

"By the BFSI segment, the banking and finance segment holds the largest market size."

The banking and finance sector holds the largest FDP market as it holds sensitive information about employees, customers, assets, offices, branches, and operations. Owing to the number of transactions (monetary and data-centric), the number of transactions, technological advancements, and digitalization of the financial sector, the possibility of fraud in this vertical is increasing significantly. The BFSI vertical faces internal and external fraud threats, such as card skimming, SMS phishing, social engineering, viruses and trojans, identity thefts, spyware and adware, website cloning, and cyberstalking. To avert these attacks, regulatory bodies worldwide have devised several regulations for organizations to achieve optimum security for customers and organizations' data.

Fraudsters and hackers are trying updated and advanced technologies to steal the credentials to access the (unauthorized) networks and systems. Therefore, banking and financial service providers spend millions of dollars updating their plans with the latest security measures.

➡️ 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 @ https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=272449

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall FDP market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

Research Coverage

The report segments the FDP market and forecasts its size by offering (solutions and services),solutions (fraud analytics, authentication, GRC), services(professional services and managed services), deployment (on-premise and on-cloud), organization size (large enterprise and SMEs), type (check fraud, identity fraud, insider fraud, investment fraud, payment fraud, insurance fraud, friendly fraud, and other types), BFSI (banking and finance and insurance), vertical (BFSI, retail and eCommerce, government, healthcare, manufacturing, travel and transportation, real estate, telecommunication, and other verticals), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

This release was published on openPR.