Fraud Detection and Prevention Global Strategic Business Report 2024: Role of Machine Learning in Fraud Detection Gaining Prominence - Market Forecasts to 2030

Dublin, April 03, 2024 (GLOBE NEWSWIRE) -- The "Fraud Detection and Prevention - Global Strategic Business Report" report has been added to * ResearchAndMarkets.com's* offering.

The global market for Fraud Detection and Prevention estimated at US$39.2 Billion in the year 2023, is projected to reach a revised size of US$108.6 Billion by 2030, growing at a CAGR of 13.6% over the analysis period 2023-2030.

Fraud Detection and Prevention Solutions, one of the segments analyzed in the report, is projected to record 13% CAGR and reach US$74.6 Billion by the end of the analysis period. Growth in the Fraud Detection and Prevention Services segment is estimated at 15% CAGR for the next 8-year period.

The Fraud Detection and Prevention market in the U.S. is estimated at US$13.4 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$19.9 Billion by the year 2030 trailing a CAGR of 15.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.7% and 12% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.

*Key Market Trends & Drivers*

· Rising Frequency & Intensity of Cyber Frauds Creates Pressing Need for Antifraud Measures
· Upside Potential of Emanating Trends Related to Digital Fraud Prevention
· Digital Transformation of Businesses and Need to Ensure Security of Sensitive Data to Spur Market Demand
· Digital Transformation Accelerates Demand for Tools to Safeguard Enterprise Data
· Rise in Money Laundering Cases Drives the Uptake of Fraud Detection and Prevention Solutions
· Rising Incidences of ATOs & Phishing Emails Augment Fraud Detection Demand
· Booming e-Commerce Industry Aggravates the Risk of Fraud
· E-Commerce Merchants to Mitigate Frauds for Success in Business
· Digital Transformation in Retail Industry Promises Lucrative Growth Opportunities
· Rise of Digital Banking Brings Out BFSI as the Largest Spender on Fraud Prevention
· Lowering Risk in Online Payments, the Most Widely Used Transaction Method
· Risk Analysis in Real-Time to Thwart Frauds in Banking Sector
· Increase in the Use of Artificial Intelligence and Machine Learning in Banking Sector to Boost Fraud Detection and Prevention Market
· Growing Global IoT Ecosystems Pushes Up the Risk of Fraud
· IoT Enabled Fraud, a Major Concern for Merchants in the Current Scenario
· Blockchain for Fraud Prevention: A New & Potent Weapon in the Making
· Blockchain's Powerful Fraud Prevention Features
· AI Set to Raise the Bar in Fraud Detection
· Businesses Increasingly Adopt Customer-centric Fraud Prevention Techniques
· Increasing Volume of Non-cash Payment/Transaction Volumes Drive Uptake of Fraud Detection and Prevention Market
· Rise in Application of Hybrid Analytical Approaches
· Healthcare Networks Confront Growing Threat of Cyberattacks
· Fraud Protection Software for e-Commerce Businesses and the Travel Industry
· Role of Machine Learning in Fraud Detection Gaining Prominence

*The report features profiles of 120+ featured companies. A selection of companies in the report includes:*

· ACI Worldwide Inc.
· BAE Systems plc
· Cacco Inc.
· Cybersource Corporation
· DXC Technology Company
· Equifax Inc.
· Experian plc
· Fair Isaac Corporation
· Feedzai Inc.
· Fiserv, Inc.
· Global Payments Inc.
· IBM Corporation
· LexisNexis Risk Solutions Group
· NICE Ltd.
· Oracle Corporation
· RSA Security LLC
· SAP SE
· SAS Institute Inc.
· Scudetto Corporation
· Software AG

*Key Topics Covered:*

*I. METHODOLOGY*

*II. EXECUTIVE SUMMARY*

*1. MARKET OVERVIEW*

· Fraud Detection and Prevention - Global Key Competitors Percentage Market Share in 2023 (E)
· Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
· Global Market Prospects & Outlook
· Fraud Analytics & Professional Services Command Fraud Detection & Prevention Market
· Evolving Fraud Landscape Entails Opportunities for Fraud Prevention Solutions
· Fraud Epidemic Creates Perfect Landscape for Fraud Detection & Prevention Market
· Advent of Innovative Fraud Detection and Prevention Technologies Mitigate Risks Pertaining to Fraudulent transactions
· Use of Statistical data analysis techniques Witnesses a Robust Increase
· Geographic Market Analysis
· Sophisticated Frauds & Short Supply of Professionals to Inhibit Growth
· Select Vertical Trends Driving Growth
· Fraud Detection and Prevention: An Overview
· Applications Segments of Fraud Detection and Prevention
· Recent Market Activity
· Select Innovations & Advancements

*2. FOCUS ON SELECT PLAYERS*

*3. MARKET TRENDS & DRIVERS*

· Global Digital Data Created (In Zettabytes) for the Years 2015, 2020, 2025, and 2030
· Digital Transformation Accelerates Demand for Tools to Safeguard Enterprise Data: Global Digital Transformation Spending (In US$ Billion) for 2017-2023
· Digital Transformation by Industry: 2023
· Global Investments on Industry 4.0 Technologies (in US$ Billion) for the Years 2017, 2020, & 2023
· Industry 4.0 Technologies with Strongest Impact on Organizations: 2023
· Global e-Commerce Opportunity (In US$ Billion) for Years 2018, 2020, 2022 & 2024
· Types of E-Commerce Frauds
· COVID-19 Pandemic Elevates Opportunities
· Global B2C e-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
· Global e-Commerce Market as a % of Retail Sales for the Period 2017, 2019, 2021 and 2023
· Digital Transformation in Retail Industry Promises Lucrative Growth Opportunities: Global Retail IT Spending (In US$ Billion) for the Years 2018, 2020, 2022 & 2024
· Top Technology Investments in BFSI Sector: 2023
· Global Internet Users in Billion for the Years 2014 through 2023
· Global AI Investment (in US$ Billion) for the Years 2015 through 2023
· Industry Adoption of Artificial Intelligence (AI) by Function: 2023
· Anomaly Detection: An Overview
· Cumulative Global Online Fraud (In US$ Billion) Between 2020 to 2024 by Region
· Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
· Opportunity Indicator: Global Spending (In US$ Billion) on IoT for the Years 2019, 2020, 2021, 2022 & 2024

*4. GLOBAL MARKET PERSPECTIVE*

*III. MARKET ANALYSIS*

· United States
· Canada
· Japan
· China
· Europe
· France
· Germany
· Italy
· United Kingdom
· Spain
· Russia
· Rest of Europe
· Asia-Pacific
· Australia
· India
· South Korea
· Rest of Asia-Pacific
· Latin America
· Argentina
· Brazil
· Mexico
· Rest of Latin America
· Middle East
· Iran
· Israel
· Saudi Arabia
· United Arab Emirates
· Rest of Middle East
· Africa

*IV. COMPETITION*For more information about this report visit https://www.researchandmarkets.com/r/okx66u

*About ResearchAndMarkets.com*
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