AI In Fraud Management Market Size, Development Analysis, Key Trends, Growth Rate And Future Forecast (2024-2033)

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

AI In Fraud Management Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $26.51 Bn In 2028 At A CAGR Of 19.4% :
The AI in fraud management market size has grown rapidly in recent years. It will grow from $10.88 billion in 2023 to $13.05 billion in 2024 at a compound annual growth rate (CAGR) of 20%. The growth in the historic period can be attributed to increasing cyber threats, data breaches, increasing transaction volumes, cost of fraud, awareness and education.

The AI in fraud management market size is expected to see rapid growth in the next few years. It will grow to $26.51 billion in 2028 at a compound annual growth rate (CAGR) of 19.4%. The growth in the forecast period can be attributed to AI integration in business processes, advancements in explainable AI, globalization of fraud, continued regulatory emphasis, integration of real-time data streams. Major trends in the forecast period include rapid technological advancements, regulatory compliance, collaborative fraud detection networks, behavioral biometrics adoption, convergence of AI and blockchain.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=14241&type=smp

AI In Fraud Management Market Major Segments
The AI in fraud management market covered in this report is segmented -
1) By Solution: AI-Powered Fraud Prevention Software, Services
2) By Enterprise Size: Small and Medium Enterprises (SMEs), Large Enterprises
3) By Application: Identity Theft Protection, Payment Fraud Prevention, Anti-Money Laundering, Other Applications
4) By Industry: Banking, Financial Services and Insurance, IT And Telecom, Healthcare, Government, Education, Retail And Consumer packaged goods (CPG), Media And Entertainment, Other Industries

Key Driver - Role In Fraud Management As A Shield For Digital Transactions

The rising popularity of digital payments and cross-border transactions is expected to propel the growth of AI in the fraud management market going forward. The increasing popularity of digital payments and cross-border transactions is driven by convenience, allowing users to transact anytime, anywhere, using mobile devices or computers. The integration of AI in fraud management is essential for maintaining the security and trustworthiness of digital payment systems and protecting users and businesses from fraudulent activities. For instance, according to the National Payments Corporation of India (NPCI), an India-based organization that operates retail payments, the overall transaction value of UPI at the end of the calendar year 2022 was INR 125.95 trillion (USD 1.52 trillion), rising 1.75 times year on year (YoY). Additionally, the entire value of UPI transactions accounted for over 86% of India's GDP in FY 22. Therefore, the rising popularity of digital payments and cross-border transactions is driving the growth of AI in the fraud management market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=14241&type=smp

Prominent Trend - Technological Advancements in AI for Fraud Management
Major companies operating in the AI fraud management market are focusing on technological advancements such as a generative AI-facilitated fraud solution to improve real-time fraud defense. Generative AI fraud solutions are a technique that utilizes generative AI models to create deceptive content such as text, images, or voices to identity theft, financial sca*ms, and disinformation. For instance, in October 2023, DataVisor, a US-based fraud and risk detection software developer, launched the AI Co-Pilot, a generative AI-facilitated fraud solution. This unique tool uses Generative AI to automate fraud detection, reduce false positives, and reduce user friction in real-time. The tool implements AI Co-Pilot into their fraud prevention methods and financial institutions to improve their ability to detect fraudulent activity while maintaining a consistent client experience. The system provides benefits such as automatic rule tweaking, feature script production and debugging, and rule description generation.

AI In Fraud Management Market Players
Major companies operating in the AI in fraud management market are Trusteer, Hewlett Packard Enterprise, BAE Systems plc, Capgemini SE, Cognizant Technology Solutions India Private Limited., SAS Institute Inc., Splunk Inc., Temenos AG, Shift Technology SAS, Pelican Products Inc., Riskified Ltd., NICE Actimize Inc., Jumio Corp., Onfido Ltd., Subex Limited, BehavioSec Inc., Arxan Technologies Inc., Socure Inc., ACTICO GmbH, BioConnect Inc., Matellio Inc., MaxMind Inc., Zest AI Inc., Chargeback.com Inc., Brighterion Inc.

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/ai-in-fraud-management-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the AI in fraud management market in 2023. The regions covered in the AI in fraud management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. AI In Fraud Management Market Report Structure
3. AI In Fraud Management Market Trends And Strategies
4. AI In Fraud Management Market - Macro Economic Scenario
5. AI In Fraud Management Market Size And Growth
…..
27. AI In Fraud Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.