Global Fraud Detection and Prevention Market - Analysis and Forecast (2019-2025)

1. Fraud Detection and Prevention Market

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3. Fraud Detection and Prevention Market The global fraud detection and prevention market was valued at USD 28.9 billion in 2019 and is expected to reach USD 85.3 billion by 2025, growing at a CAGR of 17.8% during 2020-2025. The fraud detection and prevention market is predicted to grow significantly due to the rise in the demand for artificial intelligence and machine learning with the help of big data analytics, Rise in the demand for the cloud services and systems and increasing use of transactions through the mobile application.

4. Fraud Detection and Prevention Market Rise in the cyber-attacks across all the verticals and increasing fraudulent attacks due to increase use of electronic transactions is predicted to be the major driving factor for the fraud detection and prevention market. North America is predicted to have the largest share in the global fraud detection and prevention market by 2025. The region is predicted to grow due to the rising fraudulent activities, increase in the adoption of the artificial intelligence and machine learning and IoT for fraud detection in the organization is predicted to give a boost to the North America region market in the forecast period.

5. Fraud Detection and Prevention Market APAC is predicted to grow significantly due to the adoption of fraud detection and prevention software and system across various verticals is predicted to boost the region for fraud detection and prevention market over the forecast period. Some of the key players in the global fraud detection and prevention market are FICO, Fiserv, FIS Global, Oracle Corporation, IBM Corporation, SAP SE, Lavastorm, ACI Worldwide, SAS Institute Inc., and NCR Limited.

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