Fraud Detection and Prevention Market worth $66.6 billion by 2028 - Exclusive Report by MarketsandMarkets™

Browse in-depth TOC on "Fraud Detection and Prevention Market" 681 - Tables 58 - Figures470 - Pages Browse in-depth TOC on " Fraud Detection and Prevention Market "  681 - Tables58 - Figures 470 - Pages Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1312 Scope of the Report Based on the deployment type, the on-cloud deployment mode is to grow at the highest CAGR during the forecasted period. The FDP market is sub-segmented into...

Browse in-depth TOC on "Fraud Detection and Prevention Market" 
681 - Tables
58 - Figures
470 - Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1312

Scope of the Report

Based on the deployment type, the on-cloud deployment mode is to grow at the highest CAGR during the forecasted period.

The FDP market is sub-segmented into on-premises and cloud deployment modes. The cloud deployment mode is estimated to grow with a higher CAGR due to its scalability, cost-efficiency, real-time analytics capabilities, and enhanced accessibility. The demand for SaaS-based FDP solutions is growing rapidly as the central delivery model meets IT security needs. The increasing number of applications being deployed on the cloud has shifted from traditional on-premises FDP solutions to cloud-based FDP solutions across large enterprises and Small and Medium-sized Enterprises (SMEs). Cloud-based solutions are continuously shaping their market growth in BFSI vertical as large or small banks have the critical infrastructure and resources to be deployed on the cloud. Other than BFSI, retail and eCommerce, healthcare, and travel verticals also adopt cloud-based FDP solutions to combat fraud efficiently. The rising demand for managed services is expected to significantly impact the cloud deployment mode.

By organization size, large enterprises hold a larger market size during the forecast period.

The FDP market is segmented by organization size into large enterprises and SMEs. The market size of SMEs and large enterprise segments has a significant impact on the overall FDP market. As per research studies, the amount of losses incurred by large enterprises due to the increasing fraud cases is massive, and fraudsters have been associated with large enterprises for a long time. In such cases, large enterprises need to adopt severe anti-fraud measures. Large enterprises are critical resources and offer customers several options for money transactions worldwide. Owing to this, large banks, casinos, insurance companies, retailers, eCommerce big giants, and the healthcare sector are more vulnerable than SMEs, so large enterprises contribute to a higher market share than SMEs.

By region, Asia Pacific is to grow at the highest CAGR during the forecast period.

Given the increasing incidence of fraud, the Asia Pacific region is experiencing a rising threat landscape and heightened concern regarding security spending. The region is witnessing rapid digitization, with more and more online transactions leading to increased fraudulent activities, such as phishing and identity theft. As a result, organizations are prioritizing measures to mitigate fraud risks, leading to increased spending on FDP solutions. Furthermore, stringent regulations, such as KYC, Personal Data Protection Regulations, and AML, in many countries require organizations to implement effective fraud prevention measures, failure of which may result in severe penalties and reputational damage. This is driving the growth of the FDP market.

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Top Key Companies in Fraud Detection and Prevention Market:

Fiserv (US), FIS Global (US), LexisNexis Risk Solutions (US), BAE Systems (UK), TransUnion (US), Experian (Ireland), Nice Actimize (US), ACI Worldwide (US), SAS Institute (US), RSA Security (US), SAP (Germany), FICO (US), Software AG (Germany), Microsoft (US), Neustar (US), F5 (US), Ingenico (France), AWS (US), Bottomline Technologies (US), ClearSale (Brazil), Genpact(US), Kount (US), Securonix (US), Accertify (US), Feedzai (Portugal), Caseware (Canada), PerimeterX (US), OneSpan (US), Signifyd (US), BioCatch (Israel), FRISS (Netherlands), MaxMind (US), DataVisor (US), Cleafy (Italy), Gurucul (US), Pondera Solutions (US), Riskified (US), Alloy (US), Castle (US), Sift (US), NoFraud (US), Featurespace (UK), Enzoic (US), Merlon AI (US), Kubient (US), SpyCloud (US), SEON (Hungary), Nethone (Poland), Trustcheckr (India), Deduce (US), Incognia (US), and Resistant AI (Czech Republic) are the key players and other players in the FDP market.

Recent Developments

Fraud Detection and Prevention Market Advantages:

Report Objectives

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