The report is useful for existing companies, prospective entrants, and possible investors since it gives a thorough market assessment across important geographies such as North America, Europe, Asia Pacific, Middle East, Latin America, and the Rest of the World. For all of the segments covered in the research scope, the most recent Fraud Detection and Prevention Market analysis examines global and regional market estimations and predictions. The analysis uses previous market data to estimate revenue. Market trends, top companies, supply chain trends, technological improvements, significant developments, and future strategies are all covered in this report.

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Fraud Detection and Prevention Market Key Players:

• IBM – (IBM Watson for Cyber Security, IBM Security QRadar XDR)
• Microsoft – (Microsoft Defender for Cloud, Microsoft Sentinel)
• Oracle – (Oracle Financial Services Analytical Application, Oracle Cloud Infrastructure)
• Fujitsu – (Fujitsu Security Operation Center (SOC) services, Fujitsu Fraud Prevention Solutions)
• NEC Corporation – (NEC Biometrics Authentication, NEC Cyber Security Solutions)
• SAS Institute - SAS Fraud Management, SAS Viya)
• FICO – (FICO Falcon Fraud Manager, FICO Decision Management Suite)
• ACI Worldwide – (ACI Fraud Management, ACI Universal Payments)
• LexisNexis Risk Solutions – (LexisNexis Fraud & Risk Management Solutions, RiskNarrative Analytics)
• Experian – (Experian Fraud Detection and Prevention, Experian Identity Verification)
• TransUnion – (TransUnion IDVision, TransUnion Fraud Detection Services)
• RSA Security – (RSA Fraud & Risk Intelligence, RSA SecurID Access)
• PayPal – (PayPal Advanced Fraud Management, PayPal Commerce Platform)
• Forter – (Forter’s Real-Time Fraud Prevention, Forter’s Chargeback Protection)
• Riskified – (Riskified Chargeback Guarantee, Riskified Account Protection)
• Signifyd – (Signifyd Commerce Protection, Signifyd Fraud Prevention)
• Iovation – (iovation Device Recognition, iovation Fraud Prevention Solutions)
• Sift Science – (Sift Digital Trust & Safety Platform, Sift’s Fraud Risk Management)
• Kount – (Kount Complete, Kount’s Fraud Detection API)
• CyberSource – (CyberSource Fraud Management, CyberSource Payment Gateway)

The Fraud Detection and Prevention market is witnessing dynamic growth as businesses increasingly prioritize the protection of their financial assets and customer data amidst rising incidents of fraud. With the advent of sophisticated technologies, including machine learning, artificial intelligence, and big data analytics, organizations can now analyze vast datasets in real-time to identify suspicious patterns and behaviors that may indicate fraudulent activities.

A combination of primary and secondary sources were used to produce the Fraud Detection and Prevention Market statistics. Sales revenue from all of the identified segments and sub segments in the study scope is used to compute the market size. For data validation and accuracy checks, the market sizing analysis uses both top-down and bottom-up methodologies. Other areas of the sector have been evaluated, such as the supply chain, downstream buyers, and sourcing strategy, to provide a comprehensive and in-depth understanding of the market. The study's purchasers will also be subjected to a market positioning analysis, which will take into account aspects such as target consumer, brand strategy, and pricing strategy.

Market Segmentation

The segment study of the Fraud Detection and Prevention Market will help determine how each segment will influence market growth in the next years. The research report also examines all market categories and sub-segments in order to determine the market's true potential.

By Component

Solutions

• Fraud Analytics
• Authentication
• Governance, Risk and Compliance (GRC)

Services

• Professional Services
• Managed Services

By Organization Size

• Large Enterprises
• Small & Medium Enterprises (SMEs)

By Application

• Identity Theft
• Money Laundering
• Payment Fraud
• Others
• Vertical
• BFSI
• Government & Defense
• Healthcare
• IT & Telecom
• Industrial & Manufacturing
• Retail & E-commerce
• Others

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Competitive Outlook

The analysis includes current company profiles, gross margins, selling price, sales income, sales volume, product specs with photographs, and contact information for each of the market's major competitors. A descriptive section in the report's conclusion highlights the feasibility of new projects that may succeed in the worldwide market in the near future, as well as the global market's overall scope in terms of investment feasibility in different segments of the Fraud Detection and Prevention Market.

Key Highlights of the Fraud Detection and Prevention Market Report

• The influence of COVID-19 on firm operations and revenue creation in the target market
• Accurate forecasts of future trends and discernible shifts in consumer behavior
• Detailed information on the variables that will drive market growth over the next few years
• Providing specific details on the reasons that will limit the market's growth.
• An in-depth look at the competitive landscape of the market, as well as thorough information on individual vendors.