Comprehensive Market Analysis on Fraud Detection and Prevention Market projected to reach USD 117.2 Billion by 2030, includes Partner and Customer Ecosystem | New Developments, Vendor & Technology Assessment

Fraud Detection and Prevention Market Scope:
Market size value in 2023 - USD 25.7 Billion
Market size value in 2030 - USD 117.2 Billion
CAGR (2023-2030) - 20.9%
Forecast Period - 2023-2030
Segments Covered - Offering, Authentication,Organization Size ,Fraud Type, End-use Industry & Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - BAE Systems, Dell Inc., Equifax, Inc., Experian plc, Fiserv, Inc., IBM, NICE Ltd., Oracle, SAP SE.

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Browse in-depth TOC on "Fraud Detection and Prevention Market"
178-Tables
95-Figures
332-Pages

North America dominates the market for Fraud Detection and Prevention.
During the forecast period, North America is anticipated to secure the largest share of revenue in the market. In recent years, the region has witnessed a notable surge in fraudulent activities. To mitigate financial losses resulting from such activities, numerous organizations, including financial institutions and government entities, are deploying innovative fraud detection and prevention systems. The increasing use of digital payment systems and the prevailing trend of online transactions further fuel the demand for fraud detection and prevention solutions in the region. Regulatory authorities' enforcement of stringent rules and guidelines contributes to the revenue growth of the market.
Furthermore, the Asia Pacific market is poised to register the fastest revenue Compound Annual Growth Rate (CAGR) during the forecast period. The e-commerce sector is experiencing rapid and substantial growth in the region, driving the demand for fraud detection and prevention tools. Additionally, the increasing adoption of mobile payment methods and the rising volume of digital transactions are propelling the demand for advanced fraud detection and prevention solutions. The growing necessity for such solutions in emerging economies like China and India is a key driver of revenue growth in the Asia Pacific market.

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Top Key Players Covered in the Report-
ACI Worldwide, Inc., AltexSoft, BAE Systems, Dell Inc., Equifax, Inc., Experian plc, Fiserv, Inc., IBM, NICE Ltd., Oracle, SAP SE, SAS Institute Inc., SEON Technologies Ltd., Signifyd, Software AG and Others.

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Recent Developments-
• In October 2023, FICO announced the launch of its Falcon Fraud Manager 10.1 solution, which incorporates AI and ML capabilities to enhance real-time fraud detection and prevention across various industries.
• In September 2023, Experian unveiled its new AI:drian fraud solution, powered by machine learning technology, to effectively detect and prevent fraud while maintaining a seamless customer experience.

https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-fraud-detection-and-prevention-market-projected-to-reach-usd-1172-billion-by-2030

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