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. |
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