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    Fraud Detection Prevention Market

    ID: 2199
    212 Pages
    Research Team
    04/2023

    Fraud Detection and Prevention Market Research Report Information By Solution (Fraud Detection, Authentication, Data Synthesis), By Service (Professional Service, Managed Service), By Application (Insurance Claims, Money Laundering, Electronic Payment), By Organization Size (SME, Large Enterprises), and By Region (Europe, North America, Asia-Pacific, and Rest Of The World) –Market Forecast Till...

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    Market Summary

    Research Methodology on Fraud Detection Prevention Market


    Market Research Future (MRFR) used a comprehensive research methodology while conducting research for their Fraud Detection and Prevention Market Report. This research methodology used a combination of both primary and secondary research sources to accurately estimate the size, growth rate, and volume of the global fraud detection and prevention market.


    Primary Sources


    The primary sources used for this research included the following:


    -Surveys/Feedback/Interviews: Interviews were conducted among experts in the fraud detection and prevention industry. This included industry experts and leading authorities from the market to understand the outlook, trends, and growth opportunities of the fraud detection and prevention market.


    - Reports: Reports from third-party organizations, such as associations, market and technology research firms, and press releases were compiled and used to analyze the market.


    - White Papers: White papers were the other primary source and they provided information on market dynamics, trends, and technological advancements.


    Secondary Sources


    The secondary sources used for data collection and validation purposes included journals and databases like MarketWatch, Bloomberg, Factiva, Mint, and other government/industry websites. Once primary and secondary research sources were procured, all the information and data were validated, which was then used to draw conclusions and analyze the size, volume, and growth rate of the fraud detection and prevention market.


    Research Methodology Framework


    The research methodology framework was used to analyze the size and volume of the fraud detection and prevention market. The research process used identified key market players and their strategies to expand the global fraud detection and prevention market.


    Research Scope and Data Triangulation


    The extensive research process of MRFR covered market-based segments and enabled the accurate analysis of data collected from the global fraud detection and prevention market. Data triangulation was used by MRFR to accurately calculate the market size. It was used to cross-check the accuracy of the information and was also used to determine a well-accurate market size of the global fraud detection and prevention market.


    Base Year and Forecast Period


    The base year for this report was 2022, and the forecast period runs from 2023 to 2030.


    Regional Disaggregation


    The global fraud detection and prevention market was segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.


    Competitive Assessment


    A competitive assessment was conducted to understand the competitive strategies of companies operating in the global fraud detection and prevention market​. Key players such as Experian PLC (UK), SAS Institute Inc. (US), FICO (US), BAE Systems (UK), Kount Inc. (US), OpSec Security (UK), ThreatMetrix (US), RSA Security Inc. (US), SafeNet Inc. (US), and Sift Science (US), were profiled in the report.


    Research Investment


    The total research investment in this report is estimated at USD 10,000. It was used to cover the expenses for the primary and secondary research, interviews, press releases, etc.

    Market Size & Forecast

    Attribute/Metric Details
    Market Size 2023 USD 20.3 billion
    Market Size 2024 USD 24.91 billion
    Market Size 2032 USD 104.7 billion
    Compound Annual Growth Rate (CAGR) 19.66% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2019- 2021
    Market Forecast Units Value (USD Billion)
    Report Coverage Market Competitive Landscape, Revenue Forecast, Growth Factors, and Trends
    Segments Covered Solution, Services, Applications, and Organization Size
    Geographies Covered Asia Pacific, Europe, North America, and the Rest of the World
    Countries Covered U.S., Canada, German, UK, France, Spain, Italy, Japan, China, Australia, India, South Korea, and Brazil
    Key Companies Profiled PayPal Holdings Inc. (US), F5 Networks Inc. (US), Experian PLC (Ireland), and iovation Inc. (US).
    Key Market Opportunities ·       Increase in the usage of AI and ML in the banking sector to boost the fraud detection and prevention market
    Key Market Dynamics ·       The acceptance rate of fraud detection and prevention systems grew due to the introduction of digitalization and IoT.

    Market Trends

    Fraud Detection and Prevention Market Overview

    The Fraud Detection and Prevention Market size is projected to grow from USD 24.91 billion in 2024 to USD 104.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 19.66% during the forecast period (2024 - 2032). Additionally, the market size for Fraud Detection and Prevention was valued at USD 20.3 billion in 2023.

    The increasing amount of revenue lost to fraud is the major market driver enhancing market growth. The fraud detection and prevention market will also grow due to other important factors like the development of cloud technologies, the rise of online applications, and the expansion of mobile banking services.Figure 1: Fraud Detection and Prevention Market Size, 2024-2032 (USD Billion)

    Fraud Detection and Prevention Market Overview1

    Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

    Fraud Detection and Prevention Market Trends

      • Increasing Cases of cyberattacks are driving the market growth

    Market CAGR for fraud detection and prevention is driven by the rising number of cyberattacks. A rise in the frequency of cyberattacks and scams drives the exp...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Fraud Detection Prevention Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 20.3 billion
    Market Size 2024 USD 24.91 billion
    Market Size 2032 USD 104.7 billion
    Compound Annual Growth Rate (CAGR) 19.66% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2019- 2021
    Market Forecast Units Value (USD Billion)
    Report Coverage Market Competitive Landscape, Revenue Forecast, Growth Factors, and Trends
    Segments Covered Solution, Services, Applications, and Organization Size
    Geographies Covered Asia Pacific, Europe, North America, and the Rest of the World
    Countries Covered U.S., Canada, German, UK, France, Spain, Italy, Japan, China, Australia, India, South Korea, and Brazil
    Key Companies Profiled PayPal Holdings Inc. (US), F5 Networks Inc. (US), Experian PLC (Ireland), and iovation Inc. (US).
    Key Market Opportunities ·       Increase in the usage of AI and ML in the banking sector to boost the fraud detection and prevention market
    Key Market Dynamics ·       The acceptance rate of fraud detection and prevention systems grew due to the introduction of digitalization and IoT.

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    At what CAGR is the global FDP market projected to grow in the forecast period (2019-2026)?

    The global FDP market projected to grow at a 25.2% CAGR over the forecast period.

    How much is the global FDP market worth in the future?

    The global FDP market is set to garner USD 139,853.2 million by 2027.

    Which region holds the most significant share in the global FDP market?

    North America to hold the most significant share in the global FDP market.

    1. MARKET INTRODUCTION
      1. Scope Of The Study 21
      2. Market Structure
    2. Market Insights
    3. Research Methodology
      1. Research Process 26
      2. Forecast Model 29
    4. Market Dynamics
      1. Introduction
      2. Drivers 32
        1. Growing E-Commerce Businesses 32
        2. The Emergence Of Big Data Analytics 33
      3. Restraints 34
        1. High Cost Of Integration And Deployment 34
      4. Opportunities
        1. Development In Machine Learning 34
      5. Value Chain
        1. Software Developers 36
        2. Integrators
        3. Service/Solution Providers 36
        4. End Users 36
      6. Porter’s Five Forces Model 37
        1. Threat Of New Entrants
        2. Bargaining Power Of Suppliers 38
        3. Bargaining
        4. Threat Of Substitutes 38
        5. Intensity
    5. Global Fraud Detection And Prevention Market, By Solution
      1. Overview 40
      2. Fraud Detection 41
      3. Authentication
      4. Data Synthesis 41
    6. Global Fraud Detection And Prevention
      1. Overview 43
      2. Professional Service
      3. Managed Service 44
    7. Global Fraud Detection And Prevention
      1. Overview 46
      2. Insurance Claims
      3. Money Laundering 47
      4. Electronic Payment 47
    8. Global Fraud Detection And Prevention Market, By Organization Size
      1. Overview 49
      2. Small & Medium Enterprises (SMEs) 50
      3. Large Enterprises 50
    9. Global Fraud Detection And Prevention Market,
      1. Overview 52
      2. BFSI 54
      3. Telecommunication 54
      4. Government 54
      5. Healthcare 54
      6. Real Estate 55
      7. Energy
      8. Manufacturing 55
      9. Travel & Transportation
      10. Media & Entertainment 55
    10. Global Fraud Detection
      1. Overview 57
      2. North
        1. US 66
        2. Canada 70
      3. Europe
        1. Germany 82
        2. UK 86
        3. France
        4. Spain 94
        5. Rest Of Europe 98
        6. China 110
        7. Japan 114
        8. India 118
        9. Australia 122
        10. Rest Of APAC
      4. Middle East & Africa (MEA) 130
        1. UAE 137
        2. Saudi Arabia 141
        3. Israel 144
        4. Rest
      5. Latin America 152
        1. Brazil 159
        2. Peru 163
        3. Chile 167
        4. Rest Of Latin America
    11. Competitive Landscape
      1. Overview 176
    12. Company Profiles
      1. Iovation
        1. Company Overview 179
        2. Financial Overview
        3. Products/Services/Solutions Offered 180
        4. Key Developments 180
        5. SWOT Analysis 180
        6. Company Overview 181
        7. Financial
        8. Products/Services/Solutions Offered 182
        9. Key Developments 182
        10. SWOT Analysis 182
      2. Oracle Corporation 184
        1. Company
        2. Financial Overview 184
        3. Products/Services/Solutions
        4. Key Development 185
        5. SWOT Analysis
        6. Key Strategies 185
      3. PayPal Holdings Inc. 186
        1. Company Overview 186
        2. Financial Overview 186
        3. Products/Services/Solutions Offered 187
        4. Key Developments
        5. SWOT Analysis 188
        6. Key Strategies 188
      4. CardinalCommerce Corporation (Visa Inc. Class A) 189
        1. Financial Overview 190
        2. Key Developments 191
        3. SWOT Analysis 192
        4. Key Strategies 192
        5. Company Overview 193
        6. Products/Services/Solutions Offered 193
        7. Key Developments 193
      5. LexisNexis Risk Solutions Company
        1. Company Overview 194
        2. Financial Overview
        3. Products/Services/Solutions Offered 195
        4. SWOT Analysis 195
        5. Key Strategies
      6. Experian PLC 196
        1. Company Overview 196
        2. Financial Overview 196
        3. Products/Services/Solutions Offered
        4. Key Developments 197
        5. SWOT Analysis 197
        6. Key Strategies 198
      7. Accertify Inc. (American Express
        1. Company Overview 199
        2. Financial
        3. Products/Services/Solutions Offered 200
        4. Key Developments 200
        5. SWOT Analysis 200
        6. Company Overview 201
        7. Financial
        8. Products/Services/Solutions Offered 202
        9. Key Developments 202
        10. SWOT Analysis 202
      8. Kaalbi Technologies Pvt. Ltd 203
        1. Financial Overview 203
        2. Key Developments 204
        3. SWOT Analysis 204
      9. Signifyd Inc. 205
        1. Financial Overview 205
        2. Key Developments 205
        3. SWOT Analysis 205
      10. Guardian Analytics Inc. 206
        1. Company Overview 206
        2. Financial Overview 206
        3. Products/Services/Solutions Offered 206
        4. Key Developments
      11. Kount Inc. 207
        1. Company Overview 207
        2. Financial Overview 207
        3. Products/Services/Solutions
        4. Key Developments 207
        5. SWOT Analysis
      12. ClearSale SA 208
        1. Company Overview 208
        2. Financial Overview 208
        3. Products/Services/Solutions
        4. Key Developments 208
        5. SWOT Analysis
      13. Pindrop Security Inc 209
        1. Company Overview
        2. Financial Overview 209
        3. Products/Services/Solutions
        4. Key Developments 209
        5. SWOT Analysis
      14. ACI Worldwide Inc. 210
        1. Company Overview
        2. Financial Overview 210
        3. Products/Services/Solutions
        4. Key Developments 211
        5. Key Strategies
      15. BioCatch Ltd 212
        1. Company Overview 212
        2. Financial Overview 212
        3. Products/Services/Solutions
        4. Key Developments 212
      16. ThreatMetrix,
        1. Company Overview 213
        2. Financial Overview
        3. Products/Services/Solutions Offered 213
        4. Key Strategies 213
      17. Sift
        1. Company Overview 214
        2. Financial
        3. Products/Services/Solutions Offered 214
        4. Key Developments 214
        5. Key Strategies 215
        6. Company Overview 216
        7. Financial
        8. Products/Services/Solutions Offered 216
        9. Key Developments 216
        10. Key Strategies 216
        11. Company Overview 217
        12. Financial Overview 217
        13. Products/Services/Solutions
        14. SWOT Analysis 218
        15. Key Developments
        16. Key Strategies 218
    13. List Of Tables
    14. NORTH AMERICA: FRAUD DETECTION AND PREVENTION MARKET, BY COUNTRY, 2023–2032
    15. US: FRAUD DETECTION AND PREVENTION MARKET, BY SERVICE, 2023–2032 (USD MILLION)
    16. US: FRAUD DETECTION AND PREVENTION MARKET, BY VERTICAL, 2023–2032 (USD
    17. CANADA: FRAUD DETECTION AND PREVENTION MARKET, BY APPLICATION, 2023–2032
    18. EUROPE: FRAUD DETECTION AND PREVENTION MARKET, BY SERVICE, 2023–2032 (USD
    19. GERMANY: FRAUD DETECTION AND PREVENTION MARKET, BY SERVICE, 2023–2032 (USD
    20. SPAIN: FRAUD DETECTION AND PREVENTION MARKET, BY SOLUTION, 2023–2032 (USD
    21. ASIA-PACIFIC: FRAUD DETECTION AND PREVENTION MARKET, BY SERVICE, 2023–2032
    22. JAPAN: FRAUD DETECTION AND PREVENTION MARKET, BY SERVICE, 2023–2032 (USD
    23. INDIA: FRAUD DETECTION AND PREVENTION MARKET, BY SERVICE, 2023–2032 (USD
    24. AUSTRALIA: FRAUD DETECTION AND PREVENTION MARKET, BY SERVICE, 2023–2032
    25. MEA: FRAUD DETECTION AND PREVENTION MARKET, BY APPLICATION, 2023–2032 (USD
    26. REST OF MEA: FRAUD DETECTION AND PREVENTION MARKET, BY SOLUTION, 2023–2032
    27. LATIN AMERICA: FRAUD DETECTION AND PREVENTION MARKET, BY VERTICAL, 2023–2032
    28. CHILE: FRAUD DETECTION AND PREVENTION MARKET, BY APPLICATION, 2023–2032
    29. GLOBAL FRAUD DETECTION AND PREVENTION MARKET, BY ORGANIZATION SIZE, 2023–2032
    30. MEA: FRAUD DETECTION AND PREVENTION MARKET, BY COUNTRY, 2023–2032 (USD
    31. MEA: FRAUD DETECTION AND PREVENTION MARKET, BY APPLICATION, 2023–2032 (USD
    32. LATIN AMERICA: FRAUD DETECTION AND PREVENTION MARKET, BY SOLUTION, 2023–2032
    33. LATIN AMERICA: FRAUD DETECTION AND PREVENTION MARKET, BY VERTICAL, 2023–2032

    Fraud Detection and Prevention Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Infographic

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