Market Overview:
The global fraud detection and prevention market is expected to exhibit a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Fraud detection and prevention refers to an automated solution used for identifying and preventing fraudulent activities. It relies on statistical data analysis techniques and artificial intelligence (AI) to reduce the economic and reputational repercussions of scams. It is nowadays being integrated with state-of-the-art technology to minimize detection time and process transactions faster. As a result, organizations worldwide are adopting fraud detection and prevention solutions to process massive amounts of data and increase operational efficiency.
Fraud Detection and Prevention Market Trends:
With the global expansion of business activities, a significant increase in the use of digital data and the rising risk of cybersecurity threats, organizations are facing numerous challenges to monitoring fraudulent activities in real-time manually. This represents one of the key factors positively influencing the utilization of fraud detection and prevention solutions across the globe. These solutions enable organizations to predict conventional fraud tactics, cross-reference data through automation, continually monitor transactions and decipher sophisticated schemes. Apart from this, the rising use of online banking services is promoting the adoption of fraud detection and prevention solutions in the banking, financial services, and insurance (BFSI) sector. These solutions help banks combat fraudulent activities, including money laundering, forging bank checks, and financing terrorist activities. Moreover, governing agencies worldwide are combining siloed data to catch tax fraud, predict intrusions, identify abnormal behavior, gather intelligence for law enforcement, and enhance border security. Furthermore, the growing popularity of e-commerce websites is increasing the risk of identity scams, which is anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global fraud detection and prevention market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, application, organization size and vertical.
Breakup by Component:
Breakup by Application:
- Identity Theft
- Money Laundering
- Payment Fraud
- Others
Breakup by Organization Size:
- Small and Medium Enterprises
- Large Enterprises
Breakup by Vertical:
- BFSI
- Government and Defense
- Healthcare
- IT and Telecom
- Manufacturing
- Retail and E-Commerce
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ACI Worldwide Inc., BAE Systems, Cybersource Corporation (Visa Inc.), DXC Technology Company, Experian plc, Fiserv Inc., Global Payments Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Software AG and Total System Services Inc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Component, Application, Organization Size, Vertical, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
ACI Worldwide Inc., BAE Systems, Cybersource Corporation (Visa Inc.), DXC Technology Company, Experian plc, Fiserv Inc., Global Payments Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Software AG and Total System Services Inc. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global fraud detection and prevention market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global fraud detection and prevention market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the organization size?
- What is the breakup of the market based on the vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global fraud detection and prevention market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fraud Detection and Prevention Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Solutions
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Identity Theft
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Money Laundering
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Payment Fraud
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Organization Size
8.1 Small and Medium Enterprises
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Large Enterprises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Vertical
9.1 BFSI
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Government and Defense
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Healthcare
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 IT and Telecom
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Manufacturing
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Retail and E-Commerce
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ACI Worldwide Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 BAE Systems
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Cybersource Corporation (Visa Inc.)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 SWOT Analysis
15.3.4 DXC Technology Company
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Experian plc
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Fiserv Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Global Payments Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 International Business Machines Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Oracle Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 SAP SE
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 SAS Institute Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Software AG
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 SWOT Analysis
15.3.13 Total System Services Inc.
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
List of Figures
Figure 1: Global: Fraud Detection and Prevention Market: Major Drivers and Challenges
Figure 2: Global: Fraud Detection and Prevention Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Fraud Detection and Prevention Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Fraud Detection and Prevention Market: Breakup by Component (in %), 2021
Figure 5: Global: Fraud Detection and Prevention Market: Breakup by Application (in %), 2021
Figure 6: Global: Fraud Detection and Prevention Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Fraud Detection and Prevention Market: Breakup by Vertical (in %), 2021
Figure 8: Global: Fraud Detection and Prevention Market: Breakup by Region (in %), 2021
Figure 9: Global: Fraud Detection and Prevention (Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Fraud Detection and Prevention (Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Fraud Detection and Prevention (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Fraud Detection and Prevention (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Fraud Detection and Prevention (Identity Theft) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Fraud Detection and Prevention (Identity Theft) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Fraud Detection and Prevention (Money Laundering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Fraud Detection and Prevention (Money Laundering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Fraud Detection and Prevention (Payment Fraud) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Fraud Detection and Prevention (Payment Fraud) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Fraud Detection and Prevention (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Fraud Detection and Prevention (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Fraud Detection and Prevention (Small and Medium Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Fraud Detection and Prevention (Small and Medium Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Fraud Detection and Prevention (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Fraud Detection and Prevention (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Fraud Detection and Prevention (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Fraud Detection and Prevention (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Fraud Detection and Prevention (Government and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Fraud Detection and Prevention (Government and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Fraud Detection and Prevention (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Fraud Detection and Prevention (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Fraud Detection and Prevention (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Fraud Detection and Prevention (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Fraud Detection and Prevention (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Fraud Detection and Prevention (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Fraud Detection and Prevention (Retail and E-Commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Fraud Detection and Prevention (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Fraud Detection and Prevention (Other Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Fraud Detection and Prevention (Other Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North America: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North America: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: United States: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: United States: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Canada: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Canada: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Asia-Pacific: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Asia-Pacific: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: China: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: China: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Japan: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Japan: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: India: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: India: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: South Korea: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: South Korea: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Australia: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Australia: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Indonesia: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Indonesia: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Europe: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Europe: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Germany: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Germany: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: France: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: France: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: United Kingdom: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: United Kingdom: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Italy: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Italy: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Spain: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Spain: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Russia: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Russia: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Latin America: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Latin America: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Brazil: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Brazil: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Mexico: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Mexico: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Others: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Others: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Middle East and Africa: Fraud Detection and Prevention Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Middle East and Africa: Fraud Detection and Prevention Market: Breakup by Country (in %), 2021
Figure 87: Middle East and Africa: Fraud Detection and Prevention Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Global: Fraud Detection and Prevention Industry: SWOT Analysis
Figure 89: Global: Fraud Detection and Prevention Industry: Value Chain Analysis
Figure 90: Global: Fraud Detection and Prevention Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Fraud Detection and Prevention Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Fraud Detection and Prevention Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Fraud Detection and Prevention Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Fraud Detection and Prevention Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Fraud Detection and Prevention Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 6: Global: Fraud Detection and Prevention Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Fraud Detection and Prevention Market: Competitive Structure
Table 8: Global: Fraud Detection and Prevention Market: Key Players