Fraud Detection and Prevention Market: By Solution (Fraud Analytics,Authentication,GRC Solutions and Others (account management and fraud investigation)), By Services (Professional Services and Managed Services), By Development mode(Cloud and On-premises), By Application Area (Identity Theft,Payment Frauds,Money Laundering and Others (banking transactions and fund transfers)), By End User (BFSI (Banking Financial services and Insurance), Retail, Telecommunication, Government/Public Sector, Healthcare, Real Estate, Energy and Power, Manufacturing and Others (travel and transportation media and entertainment and life sciences)) and Geography 

Fraud Detection and Prevention Market estimated to be valued around USD 18.5 billion in 2022 and is poised to grow at significant CAGR of 23.8% from 2023-2029. Due to the increasing revenue losses for various organizations due to the rising fraudulent attacks, increasing use of online transactions across all organizations and increasing high level of cyber-attacks. However, High cost of the detection devices and lack of trained professional to operate these devices are the major factors that hinder the growth of the fraud detection and prevention market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global insulation products. Global market is surging owing to frequent acquisitions and launchings by the market players. In August 2019, NICE partnered with Jumio, a global leader in AI-powered identity verification. Jumio combined NICEs X-Sight Marketplace ecosystem, to assist financial services organizations in estimating new point solutions, to expand the market and to maintain to stay on top of a challenging regulatory and criminal environment.