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Global Fraud Detection and Prevention Market By Component (Services & Solutions), By Fraud Type, By Deployment Type, By Organization Size, By End User Industry (BFSI, Government & Others), By Region, Competition, Forecast & Opportunities, 2024

  • ID: 4773068
  • Report
  • Region: Global
  • 160 pages
  • TechSci Research
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Global Fraud Detection and Prevention Market was Valued at $18874.3 Million in 2018 and is Expected to Grow at a CAGR of 18.4%

FEATURED COMPANIES

  • ACI Worldwide, Inc.
  • Actimize Inc.
  • BAE Systems plc
  • Experian plc
  • Fair Isaac Corporation
  • Fiserv Inc.
  • MORE
The global fraud detection and prevention market was valued at $ 18874.3 million in 2018 and is expected to grow at a CAGR of 18.4% to reach $ 47279.7 million by 2024 owing to upsurge in electronic transactions and increasing instances of cyber-attacks and frauds. Thus, there is growing need for restricting these frauds as these activities incur huge financial losses to companies. Enterprises are now implementing advanced techniques such as data mining and machine learning techniques which is anticipated to positively influence the global fraud detection and prevention market during forecast period.

The global fraud detection and prevention market can be segmented based on the component, fraud type, deployment type, organization size, end-user industry and region. Based on component, the global fraud detection and prevention market is segmented into service and solution, of which the latter is further categorized into fraud analytics, authentication and others. Among solutions, authentication segment is the dominating segment in the market and the trend is likely to continue during forecast period as well it is used by various end-user industries in order to strengthen their authentication process. Based on the service, the market can be segmented into professional and managed services. Due to rise in productivity and safe financial management, professional services segment accounts for dominant share in the global fraud detection and prevention market. Fraud detection and prevention solutions can be deployed on-premise and cloud. Enterprises are readily adopting cloud services and solutions as they help to cut costs related to software, storage and administration staff, owing to which cloud segment is anticipated to witness the fastest growth during forecast period.

Regionally, fraud detection and prevention market is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe, South America and Middle East & Africa. In 2018, North America led the global fraud detection and prevention market on account of early adoption of online based services and e-tailing in countries like US and Canada. Moreover, presence of leading vendors in the region is expected to positively influence North America fraud detection and prevention market during forecast period.

Major players operating in the global fraud detection and prevention market include SAP SE, Oracle Corporation, Fiserv Inc., IBM Corporation, Fair Isaac Corporation, ACI Worldwide, Inc., Actimize Inc., SAS Institute Inc., BAE Systems PLC, Experian PLC, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments. In 2018, Fiserv started offering step-up authentication and identity verification so as to reduce fraudulent activities.

Years considered for this report:
  • Historical Years: 2014-2017
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Period: 2020–2024
Objective of the Study:
  • To analyze and forecast the market size of the global fraud detection and prevention market.
  • To classify and forecast the global fraud detection and prevention market based on component, fraud type, deployment type, organization size, end-user industry and regional distribution.
  • To identify drivers and challenges for the global fraud detection and prevention market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global fraud detection and prevention market.
  • To identify and analyze the profile of leading players operating in the global fraud detection and prevention market.
Some of the leading players in the global fraud detection and prevention market include SAP SE, Oracle Corporation, Fiserv Inc., IBM Corporation, Fair Isaac Corporation, ACI Worldwide, Inc., Actimize Inc., SAS Institute Inc., BAE Systems PLC, Experian PLC, etc.

Both primary as well as exhaustive secondary research were performed for this study. Initially, the researchers sourced a list of service providers across the globe. Subsequently, primary research surveys were conducted with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the research could include the service providers which could not be identified due to the limitations of secondary research. The researchers analyzed the service offerings, distribution channels and presence of all major service providers across the globe.

The researchers calculated the market size of the global fraud detection and prevention market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The researchers sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:
  • Financial service providers
  • Security and intelligence service providers
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to fraud detection and prevention
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the global fraud detection and prevention market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Component:
  • Solution
  • Fraud Analytics
  • Authentication
  • Others
  • Services
  • Professional
  • Managed
Market, By Fraud Type:
  • Internal
  • External
Market, By Deployment Type:
  • On-premise
  • Cloud
Market, By Organization Size:
  • Small & Medium Sized Enterprises
  • Large Enterprises
Market, By End-User Industry:
  • Government
  • BFSI
  • Retail
  • Manufacturing
  • Healthcare
  • Others
Market, By Region:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Netherlands
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • Singapore
  • Australia
  • India
  • Rest of Asia-Pacific
  • Middle East & Africa
  • UAE
  • South Africa
  • Saudi Arabia
  • Qatar
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global fraud detection and prevention market.

Available Customizations:

With the given market data, customisation is offered for specific needs. The following customization options are available for the report:
Company Information

Detailed analysis and profiling of additional market players (up to five).
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • ACI Worldwide, Inc.
  • Actimize Inc.
  • BAE Systems plc
  • Experian plc
  • Fair Isaac Corporation
  • Fiserv Inc.
  • MORE
1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer
4.1. Global Fraud Detection and Prevention Market Respondents, By Preferred type of Service (N=125)
4.2. Global Fraud Detection and Prevention Market Respondents, By Preferred type of Deployment (N=125)
4.3. Global Fraud Detection and Prevention Market Respondents, By fraud faced in past 2 years (N=125)
4.4. Global Fraud Detection and Prevention Market Respondents, By type of fraud faced in past 2 years(N=65)
4.5. Has the number of fraudulent activity involving your organization increased, decreased or remain steady in the past 2 years? (N=65)
4.6. Has the financial losses involved within your organization increased, decreased or remained Steady in the past 2 years? (N=65)
4.7. Apart from financial losses what other kind of non-financial losses did your organization face after a fraud incident? (N=125)
4.8. Global Fraud Detection and Prevention Market Respondents, By average time taken to detect a fraud once it occurs (N=125)
4.9. Global Fraud Detection and Prevention Market Respondents, By average time taken to react, respond and resolve a fraud once it occurs (N=125)
4.10. Global Fraud Detection and Prevention Market Respondents, By key investments area to fight against fraudulent activities (N=125)

5. Global Fraud Detection and Prevention Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Component (Solution and Services)
5.2.1.1. Solution (Fraud Analytics, Authentication and Others)
5.2.1.2. Services (Professional and Managed)
5.2.2. By Fraud Type (Internal and External)
5.2.3. By Deployment type (Cloud and On-premise)
5.2.4. By Organization Size (SME and Large Enterprise)
5.2.5. By End User Industry (Government, BFSI, Retail, Manufacturing, Healthcare and Others)
5.2.6. By Region (North America; Europe; Asia-Pacific; Middle East & Africa and South America)
5.2.7. By Company (2018)
5.3. Market Attractiveness Index

6. North America Fraud Detection and Prevention Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Component
6.2.2. By Deployment Type
6.2.3. By End User Industry
6.2.4. By Country (United States; Canada; Mexico)
6.3. North America: Country Analysis
6.3.1. United States Fraud Detection and Prevention Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Component
6.3.1.2.2. By Deployment Type
6.3.2. Canada Fraud Detection and Prevention Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Component
6.3.2.2.2. By Deployment Type
6.3.3. Mexico Fraud Detection and Prevention Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Component
6.3.3.2.2. By Deployment Type

7. Europe Fraud Detection and Prevention Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Component
7.2.2. By Deployment Type
7.2.3. By End User Industry
7.2.4. By Country (UK; Germany; France; Italy; Netherlands and Rest of Europe)
7.3. Europe: Country Analysis
7.3.1. United Kingdom Fraud Detection and Prevention Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Component
7.3.1.2.2. By Deployment Type
7.3.2. Germany Fraud Detection and Prevention Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Component
7.3.2.2.2. By Deployment Type
7.3.3. France Fraud Detection and Prevention Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Component
7.3.3.2.2. By Deployment Type
7.3.4. Italy Fraud Detection and Prevention Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Component
7.3.4.2.2. By Deployment Type
7.3.5. Netherlands Fraud Detection and Prevention Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Component
7.3.5.2.2. By Deployment Type

8. Asia-Pacific Fraud Detection and Prevention Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Component
8.2.2. By Deployment Type
8.2.3. By End User Industry
8.2.4. By Country (China; Japan; Singapore; Australia; India and Rest of Asia Pacific)
8.3. Asia-Pacific: Country Analysis
8.3.1. China Fraud Detection and Prevention Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Component
8.3.1.2.2. By Deployment Type
8.3.2. Japan Fraud Detection and Prevention Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Component
8.3.2.2.2. By Deployment Type
8.3.3. Singapore Fraud Detection and Prevention Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Component
8.3.3.2.2. By Deployment Type
8.3.4. Australia Fraud Detection and Prevention Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Component
8.3.4.2.2. By Deployment Type
8.3.5. India Fraud Detection and Prevention Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Component
8.3.5.2.2. By Deployment Type

9. Middle East and Africa Fraud Detection and Prevention Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Component
9.2.2. By Deployment Type
9.2.3. By End User Industry
9.2.4. By Country (UAE; South Africa; Saudi Arabia; Qatar and Rest of Middle East & Africa)
9.3. MEA: Country Analysis
9.3.1. UAE Fraud Detection and Prevention Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Component
9.3.1.2.2. By Deployment Type
9.3.2. South Africa Fraud Detection and Prevention Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Component
9.3.2.2.2. By Deployment Type
9.3.3. Saudi Arabia Fraud Detection and Prevention Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Component
9.3.3.2.2. By Deployment Type
9.3.4. Qatar Fraud Detection and Prevention Market Outlook
9.3.4.1. Market Size & Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share & Forecast
9.3.4.2.1. By Component
9.3.4.2.2. By Deployment Type

10. South America Fraud Detection and Prevention Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Component
10.2.2. By Deployment Type
10.2.3. By End User Industry
10.2.4. By Country (Brazil; Argentina; Colombia; and Rest of South America)
10.3. South America: Country Analysis
10.3.1. Brazil Fraud Detection and Prevention Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Component
10.3.1.2.2. By Deployment Type
10.3.2. Argentina Fraud Detection and Prevention Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Component
10.3.2.2.2. By Deployment Type
10.3.3. Colombia Fraud Detection and Prevention Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Component
10.3.3.2.2. By Deployment Type

11. Market Dynamics
11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

13. Competitive Landscape
13.1. Competition Outlook
13.2. Company Profiles
13.2.1. SAP SE
13.2.2. Oracle Corporation
13.2.3. International Business Machines Corporation
13.2.4. BAE Systems plc
13.2.5. SAS Institute Inc.
13.2.6. Fiserv Inc.
13.2.7. Experian plc
13.2.8. Fair Isaac Corporation
13.2.9. ACI Worldwide, Inc.
13.2.10. Actimize Inc.

14. Strategic Recommendations
(Note: The companies list can be customized based on the client requirements.)
Note: Product cover images may vary from those shown
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  • SAP SE
  • Oracle Corporation
  • International Business Machines Corporation
  • BAE Systems plc
  • SAS Institute Inc.
  • Fiserv Inc.
  • Experian plc
  • Fair Isaac Corporation
  • ACI Worldwide, Inc.
  • Actimize Inc.
Note: Product cover images may vary from those shown
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