Report Metric |
Details |
Report Name |
Fraud Detection and Prevention Market |
The market size in 2020 |
USD 16390 Million |
The revenue forecast in 2027 |
USD 45800 Million |
Growth Rate |
CAGR of 15.3% from 2021 to 2027 |
Market size available for years |
2021-2027 |
Forecast units |
Value (USD) |
Segments covered |
Type, End-User, Offerings, and Region |
Report coverage |
Revenue & volume forecast, company share, competitive landscape, growth factors, and trends |
Geographic regions covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Ans. The global fraud detection and prevention market size is projected to reach US$ 45800 million by 2027, from US$ 16390 million in 2020, at a CAGR of 15.3% during 2021-2027.
Ans. The major vendors operating in the fraud detection and prevention market include IBM (US), FICO (US), Oracle (US), SAS Institute (US), BAE Systems (UK), DXC Technology (US), SAP (Germany), ACI Worldwide (US), Fiserv (US), ThreatMetrix (US), NICE Systems (Israel), Experian (US), LexisNexis (US)
Ans. Growing preference for e-banking, digital payment apps, and cross-border transactions, is in turn increasing the number of fraudulent cases involving identity thefts, data breaches, and payment frauds activity
Ans. North America is expected to be the most lucrative segment during the forecast period.
Ans. The authentication solutions segment is expected to be the most lucrative segment during the forecast period.
Ans. The forecast period for the fraud detection and prevention market is 2021 to 2027
Table of Content
List of Tables & Figures
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