Fraud Detection and Prevention Size, Share, Growth, Trends and Forecast

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The global fraud detection and prevention market size was valued at USD 42.60 billion in 2023 and is anticipated to reach USD 52.91 billion in 2024. It is expected to reach USD 299.58 billion in 2032 expanding at a compound annual growth rate (CAGR) of 24.2% from 2024 to 2032.

Fraud Detection and Prevention Market Information

The Fraud Detection and Prevention Market Report provides essential insights for business strategists, offering a comprehensive overview of industry trends and growth projections. It includes detailed historical and future data on costs, revenues, supply, and demand, where applicable. The report features an in-depth analysis of the value chain and distributor networks.

Employing various analytical techniques such as SWOT analysis, Porter’s Five Forces analysis, and feasibility studies, the report offers a thorough understanding of competitive dynamics, the risk of substitutes and new entrants, and identifies strengths, challenges, and business opportunities. This detailed assessment covers current patterns, driving factors, limitations, emerging developments, and high-growth areas, aiding stakeholders in making informed strategic decisions based on both current and future market trends. Additionally, the report includes an examination of the Automatic Rising Arm Barriers sector and its key opportunities.

According to Straits Research, the global Fraud Detection and Prevention market size was valued at USD XX Billion in 2022. It is projected to reach from USD XX Billion in 2023 to USD 254.93 Billion by 2031, growing at a CAGR of 24.2% during the forecast period (2023–2031).

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TOP Key Industry Players of the Fraud Detection and Prevention Market

  1. Iovation Inc. (US)
  2. IBM Corporation (US)
  3. CardinalCommerce Corporation (US)
  4. Oracle Corporation (US)
  5. Experian PLC (Ireland)
  6. PayPal Holdings Inc. (US)
  7. Distil Networks Inc. (US)
  8. LexisNexis Risk Solutions Company (US)
  9. Accertify Inc. (US)
  10. F5 Networks Inc. (US)

Global Fraud Detection and Prevention Market: Segmentation

As a result of the Fraud Detection and Prevention market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts. 

  1. By Component
    1. Solutions
    2. Services
  2. By Solution
    1. Fraud Analytics
      1. Predictive Analytics
      2. Customer Analytics
      3. Social Media Analytics
      4. Big Data Analytics
      5. Behavioral Analytics
    2. Authentication
      1. Single-Factor Authentication
      2. Multi-Factor Authentication
    3. Governance
    4. Risk and Compliance
  3. By Services
    1. Professional Services
    2. Managed Services
  4. By Application
    1. Identity theft
    2. Money Laundering
    3. Payment Fraud
    4. Credit and Debit Fraud
    5. Electronic Fraud
    6. Others
  5. By Organization Size
    1. Small and Medium Enterprise (SMEs)
    2. Large Enterprises
  6. By Vertical Segment
    1. BFSI
    2. Government Defense
    3. Healthcare
    4. IT Telecom
    5. Industrial Manufacturing
    6. Retail E-commerce
    7. Media Entertainment
    8. Energy Utilities
    9. Others
  7. By Deployment Mode
    1. On-Premises
    2. Cloud

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Reasons for Buying This Report:

  • Provides an analysis of the evolving competitive landscape of the Automatic Rising Arm Barriers market.
  • Offers analytical insights and strategic planning guidance to support informed business decisions.
  • Highlights key market dynamics, including drivers, restraints, emerging trends, developments, and opportunities.
  • Includes market estimates by region and profiles of various industry stakeholders.
  • Aids in understanding critical market segments.
  • Delivers extensive data on trends that could impact market growth.

Research Methodology:

  • Utilizes a robust methodology involving data triangulation with top-down and bottom-up approaches.
  • Validates market estimates through primary research with key stakeholders.
  • Estimates market size and forecasts for different segments at global, regional, and country levels using reliable published sources and stakeholder interviews.

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

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