Fraud Detection and Prevention Market: By Solution ), By Services, By Development mode, By Application Area ), By End User, Retail, Telecommunication, Government/Public Sector, Healthcare, Real Estate, Energy and Power, Manufacturing and Others and Geography
Fraud Detection and Prevention Market estimated to be valued around US$ 18.5 billion in 2023 and is poised to grow at significant CAGR of 23.8% from 2024-2030. 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.
Study Period
2024-2030Base Year
2023CAGR
23.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
In the recent years, Due to changing in the life styles and technology growth rapid increase in the adoption of cyber services and growth in internet banking. Fraud detection and prevention systems are applications used to provide solutions to identify and prevent fraud in uncertain conditions. Additionally, Rise in the awareness of the protection revenue & confidential data and increased the technological advancement boosts the growth of the fraud detection and prevention market. These are some of the key factors which are rising the demand of the fraud detection and prevention market.
North America accounted for larger revenue share in market with considerable CAGR. The growth in this region can be attributed to rising in the awareness of the protecting date and revenue and in this region is supported by high expenses. In Asia region insulation is largely driven by the urbanizations, increase in disposable incomes and increasing government prominence on IT developments in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 18.5 billion |
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Market CAGR |
23.8% |
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By Solution |
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By service |
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By Development Mode |
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By Application |
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By Region |
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The global fraud detection and prevention market size was valued at US$ 18.5 billion million in 2023 and is projected to grow at a CAGR of 23.8% by 2030.
The Tire fraud detection and prevention market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The Tire fraud detection and prevention market key players FICO (US) SAS Institute (US) BAE Systems (UK) DXC Technology (US) SAP (Germany) ACI Worldwide (US) Fiserv (US) NICE Systems (Israel) Experian (US) LexisNexis Risk solutions (US) Iovation (US) Friss (Netherlands) Dell Technologies (US) First Data (US) Wirecard (Germany) IBM (US)
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.
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