Fraud detection and prevention market to grow by USD 47,399.03 million from 2022 to 2027; The growing adoption of cloud-based services drives growth - Technavio

NEW YORK, Aug. 10, 2023 /PRNewswire/ -- The Fraud Detection and Prevention Market is estimated to grow by USD 47,399.03 million during 2022-2027, growing at a CAGR of 20.22%. North America will contribute 39% to the growth of the global market during the forecast period. There are several leading vendors providing fraud detection and prevention solutions and services in the US. The vendors include IBM, Intel, Symantec, Akamai Technologies, Check Point Software Technologies, and Cisco Systems. Furthermore, there is an increasing threat of cyber threats in North America due to the technological advances in terms of data use and sharing and the deployment of cloud-based systems for storage. Such factors boost the regional market growth during the forecast period. For Comprehensive details on the market size of the historic period(2017 to 2021) and the forecast period (2023-2027) - View Sample report

Company Landscape
The fraud detection and prevention market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Market Dynamics

Major Drivers & Challenges-

The growing adoption of cloud-based services drives the fraud detection and prevention market. Owing to its increasing applications such as authentication processes, video management, biometric information storage, and big data computing, the adoption of cloud-based services across agencies is growing. Flexibility and scalability are some of the main reasons for this because they help organizations in meeting their varying requirements. Furthermore, there is increasing adoption of cloud-based services as several defense agencies do not have their own security infrastructure. Hence, such factors drive the fraud detection and prevention market during the forecast period.

The complex IT infrastructure challenges the growth of the fraud detection and prevention market. Although the IoT has high scope for growth and acceptance as it enhances the connectivity among devices and facilitates machine-to-machine (M2M) communication, the implementation of IoT has resulted in a complex IT infrastructure. Organizations are finding it hard to provide maximum security and service to their businesses. This is because it is difficult to identify legitimate end-user devices to connect and exchange data in such a complex network. Hence, such factors can pose a significant threat to the fraud detection and prevention market growth during the forecast period.

Key Trends-

The technological advancement in fraud detection and prevention solutions and services is an emerging market trend. Generally, technological advancement mainly involves the discovery of knowledge, which advances the understanding of technology. In October 2022, DG Financial Technology Inc, a service provider company in Japan, partnered with Scudetto Corporation, a Japan-based company specializing in online fraud prevention, and launched an artificial intelligence (AI) built fraud detection solution named Sift Digital Trust & Safety Suite (Sift). It is a fraud detection and prevention solution that uses artificial intelligence to detect fraud and abuse in the e-commerce space. Hence, trends like technological advancements can significantly drive the fraud detection and prevention market growth during the forecast period.

Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Company Profiles

The fraud detection and prevention market report includes information on the product launches, sustainability, and prospects of leading vendors including ACI Worldwide Inc., BAE Systems Plc, Besedo Ltd., Consultadoria e Inovacao Tecnologica S.A., Dell Technologies Inc., Equifax Inc., Experian Plc, Fair Isaac Corp., Fiserv Inc., Forter Ltd., Global Payments Inc., International Business Machines Corp., NICE Ltd., Oracle Corp., RELX Plc, SAP SE, SAS Institute Inc., SEON Technologies Kft., Software AG, and Visa Inc.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

Market Segmentation

This fraud detection and prevention market report extensively covers market segmentation by component (solutions and services), end-user (large enterprise and SMEs), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The solutions segment will be significant during the forecast period. The growth of the segment can be attributed to factors such as the growing incidences of intrusion, the requirement for fraud detection and prevention, and infringement. Furthermore, Biometrics authentication was one of the major revenue contributors in the solutions segment. Additionally. the rise in terror threats, increased security project initiatives, and the development of national ID cards are fuelling the market growth of this segment. Hence, such factors drive the solutions segment of the fraud detection and prevention market during the forecast period.

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global fraud detection and prevention market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global fraud detection and prevention market 2017 - 2021 ($ million)

• 4.2 Component Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

• 6.1 Market segments
• Exhibit 30: Chart on Component - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Component - Market share 2022-2027 (%)

• 6.2 Comparison by Component 
• Exhibit 32: Chart on Comparison by Component
• Exhibit 33: Data Table on Comparison by Component

• 6.3 Solutions - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Solutions - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Solutions - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Solutions - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Solutions - Year-over-year growth 2022-2027 (%)

• 6.4 Services - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Services - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Component 
• Exhibit 42: Market opportunity by Component ($ million)
• Exhibit 43: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Large enterprise - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Large enterprise - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Large enterprise - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Large enterprise - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Large enterprise - Year-over-year growth 2022-2027 (%)

• 7.4 SMEs - Market size and forecast 2022-2027 
• Exhibit 52: Chart on SMEs - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on SMEs - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on SMEs - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on SMEs - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 56: Market opportunity by End-user ($ million)
• Exhibit 57: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 87: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027 
• Exhibit 95: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 ACI Worldwide Inc.
• Exhibit 111: ACI Worldwide Inc. - Overview
• Exhibit 112: ACI Worldwide Inc. - Business segments
• Exhibit 113: ACI Worldwide Inc. - Key offerings
• Exhibit 114: ACI Worldwide Inc. - Segment focus

• 12.4 BAE Systems Plc
• Exhibit 115: BAE Systems Plc - Overview
• Exhibit 116: BAE Systems Plc - Business segments
• Exhibit 117: BAE Systems Plc - Key offerings
• Exhibit 118: BAE Systems Plc - Segment focus

• 12.5 Dell Technologies Inc. 
• Exhibit 119: Dell Technologies Inc. - Overview
• Exhibit 120: Dell Technologies Inc. - Business segments
• Exhibit 121: Dell Technologies Inc. - Key offerings
• Exhibit 122: Dell Technologies Inc. - Segment focus

• 12.6 Equifax Inc.
• Exhibit 123: Equifax Inc. - Overview
• Exhibit 124: Equifax Inc. - Business segments
• Exhibit 125: Equifax Inc. - Key news
• Exhibit 126: Equifax Inc. - Key offerings
• Exhibit 127: Equifax Inc. - Segment focus

• 12.7 Experian Plc
• Exhibit 128: Experian Plc - Overview
• Exhibit 129: Experian Plc - Business segments
• Exhibit 130: Experian Plc - Key offerings
• Exhibit 131: Experian Plc - Segment focus

• 12.8 Fair Isaac Corp.
• Exhibit 132: Fair Isaac Corp. - Overview
• Exhibit 133: Fair Isaac Corp. - Business segments
• Exhibit 134: Fair Isaac Corp. - Key news
• Exhibit 135: Fair Isaac Corp. - Key offerings
• Exhibit 136: Fair Isaac Corp. - Segment focus

• 12.9 Fiserv Inc.
• Exhibit 137: Fiserv Inc. - Overview
• Exhibit 138: Fiserv Inc. - Business segments
• Exhibit 139: Fiserv Inc. - Key offerings
• Exhibit 140: Fiserv Inc. - Segment focus

• 12.10 Global Payments Inc.
• Exhibit 141: Global Payments Inc. - Overview
• Exhibit 142: Global Payments Inc. - Business segments
• Exhibit 143: Global Payments Inc. - Key offerings
• Exhibit 144: Global Payments Inc. - Segment focus

• 12.11 International Business Machines Corp. 
• Exhibit 145: International Business Machines Corp. - Overview
• Exhibit 146: International Business Machines Corp. - Business segments
• Exhibit 147: International Business Machines Corp. - Key news
• Exhibit 148: International Business Machines Corp. - Key offerings
• Exhibit 149: International Business Machines Corp. - Segment focus

• 12.12 NICE Ltd.
• Exhibit 150: NICE Ltd. - Overview
• Exhibit 151: NICE Ltd. - Business segments
• Exhibit 152: NICE Ltd. - Key offerings
• Exhibit 153: NICE Ltd. - Segment focus

• 12.13 Oracle Corp.
• Exhibit 154: Oracle Corp. - Overview
• Exhibit 155: Oracle Corp. - Business segments
• Exhibit 156: Oracle Corp. - Key news
• Exhibit 157: Oracle Corp. - Key offerings
• Exhibit 158: Oracle Corp. - Segment focus

• 12.14 RELX Plc
• Exhibit 159: RELX Plc - Overview
• Exhibit 160: RELX Plc - Business segments
• Exhibit 161: RELX Plc - Key offerings
• Exhibit 162: RELX Plc - Segment focus

• 12.15 SAP SE
• Exhibit 163: SAP SE - Overview
• Exhibit 164: SAP SE - Business segments
• Exhibit 165: SAP SE - Key news
• Exhibit 166: SAP SE - Key offerings
• Exhibit 167: SAP SE - Segment focus

• 12.16 SAS Institute Inc.
• Exhibit 168: SAS Institute Inc. - Overview
• Exhibit 169: SAS Institute Inc. - Product / Service
• Exhibit 170: SAS Institute Inc. - Key news
• Exhibit 171: SAS Institute Inc. - Key offerings

• 12.17 Visa Inc.
• Exhibit 172: Visa Inc. - Overview
• Exhibit 173: Visa Inc. - Product / Service
• Exhibit 174: Visa Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 175: Inclusions checklist
• Exhibit 176: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 177: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 178: Research methodology
• Exhibit 179: Validation techniques employed for market sizing
• Exhibit 180: Information sources

• 13.5 List of abbreviations 
• Exhibit 181: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

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