Precision Business Insights has published a report on the global fraud detection and prevention market, estimating its value at USD 22.9 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 23.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/fraud-detection-and-prevention-market      

The market refers to the industry that provides technologies, solutions, and services designed to identify, monitor, and mitigate fraudulent activities across various sectors such as banking, financial services, insurance, retail, healthcare, and e-commerce. It includes advanced tools and systems that leverage artificial intelligence (AI), machine learning (ML), data analytics, authentication methods, and identity management to detect unusual patterns, prevent financial losses, ensure regulatory compliance, and protect organizations and customers from fraudulent threats such as identity theft, cyberattacks, money laundering, and payment fraud.

The fraud detection and prevention market is driven by the increasing frequency of cyberattacks, identity theft, and financial frauds, which are pushing organizations to adopt robust security solutions. The rapid growth of digital transactions, mobile banking, and e-commerce has heightened vulnerabilities, creating a strong demand for real-time fraud monitoring tools.

The global fraud detection and prevention market segmentation:
1) By Solution: Fraud Analytics, Authentication, GRC Solutions and Others (account management and fraud investigation)
2) By Services: Professional Services and Managed Services), By Development mode(Cloud and On-premises
3) By Application Area: Identity Theft, Payment Frauds, Money Laundering and Others (banking transactions and fund transfers)
4) By End User: BFSI (Banking Financial services and Insurance), Retail, Telecommunication, Government/Public Sector, Healthcare, Real Estate, Energy and Power, Manufacturing and Others (travel and transportation media and entertainment and life sciences)

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Regional Overview:
The report also examines the current concerns and their Future Effects on the fraud detection and prevention market by the region. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like FICO, SAS Institute, BAE Systems, DXC Technology, SAP, ACI Worldwide, Fiserv, NICE Systems, Experian, LexisNexis Risk Solutions, Iovation, Friss, Dell Technologies, First Data, Wirecard, IBM   

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