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Fraud Detection and Prevention Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021-2027
Published Date: July 2021
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Report Code: QYRE-Auto-20O4002
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Global Fraud Detection Prevention Market Size Status and Forecast 2021 2027

Fraud Detection and Prevention Market Size, Share, Statistics & Trends Analysis Report By Type, By Application, By Region, and Segment Forecasts, 2021-2027

Code: QYRE-Auto-20O4002
Report
July 2021
105 Pages
QYResearch
Region: Global,
Description
Table of Content
Tables & Figures

Fraud Detection and Prevention Market Statistics 2027

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. 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. Thus the need to stop such fraudulent activity is expected to drive the Fraud Detection and Prevention (FDP) market.
 
Fraud Detection and Prevention Market

Fraud Detection and Prevention Market Segment Review

The authentication solutions segment is expected to be the most lucrative segment during the forecast period. Authentication systems have long been used by businesses to protect client credentials and sensitive information. However, as fraud efforts in customer-facing apps get more sophisticated, enterprises are turning to advanced authentication solutions that include single factor and multi-factor authentication, as well as voice biometrics.

Based on region, North America is expected to be the most lucrative segment during the forecast period. The growth of the regional market was aided by an increase in the number of instances involving payment frauds, identity thefts, and money laundering across the United States and Canada.
 
Fraud Detection & Prevention market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Fraud Detection & Prevention market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027. 

Fraud Detection and Prevention Market by Type

  • Fraud Analytics
  • Authentication
  • GRC Solution
  • Others

Fraud Detection and Prevention Market by Application

  • Insurance claims
  • Money laundering
  • Electronic payment
  • Mobile payment
  • Others

Major Players in the Fraud Detection and Prevention Market

  • 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)
Scope of the Fraud Detection and Prevention Market Report
 

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

Frequently Asked Questions About This Report

1. How big is the fraud detection and prevention market?

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.

2. Who are the top companies hold the market share in the fraud detection and prevention market?

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)

3. What are the market drivers in the global fraud detection and prevention market?

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

4. Which region dominated in the global fraud detection and prevention market share?

Ans. North America is expected to be the most lucrative segment during the forecast period.

5. Which is the most influencing segment growing in the global fraud detection and prevention market report?

Ans. The authentication solutions segment is expected to be the most lucrative segment during the forecast period.

6. What would be the forecast period in the fraud detection and prevention market report?

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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