Fraud Detection And Prevention Market Growth, Trends, and Forecast by 2031

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2031

Fraud Detection and Prevention Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Services), Deployment (On-premises and Cloud), and End-user (BFSI, Healthcare, Manufacturing, Retail, Telecommunication, and Others), and Geography

  • Report Date : Aug 2025
  • Report Code : TIPTE100000652
  • Category : Technology, Media and Telecommunications
  • Status : Data Released
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The fraud detection and prevention market size is projected to reach US$ 116.96 billion by 2031 from US$ 35.67 billion in 2023. The market is expected to register a CAGR of 16.0% during 2023–2031. The incorporation of advanced technologies such as AI is likely to remain a key trend in the market.

Fraud Detection and Prevention Market Analysis

The increasing prevalence of online fraud and advanced cyberattacks globally is driving the need for fraud detection and prevention solutions. Moreover, the increasing trend toward utilizing advanced analytics for identifying threat patterns is contributing to the expansion of the fraud detection and prevention market. Furthermore, due to the rising trend of digitization and the popularity of e-commerce transactions, there is also a growing need for fraud detection and prevention solutions to combat the increasing online fraud threats that involve sensitive data, identity information, and personal information of individuals and businesses. Moreover, the anticipated growth of the fraud detection and prevention market in the future will be driven by the rising use of advanced technologies such as Al and ML to identify and prevent fraud.

Fraud Detection and Prevention Market Overview

Digital publishing, known as electronic or online publishing, involves disseminating various online content like journals, magazines, newspapers, and eBooks. By going through this process, any business or publishing entity can convert paper documents and data into digital format, which can be accessed online, downloaded, edited, and printed or shared at the discretion of users.

Customize This Report To Suit Your Requirement

You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities

Fraud Detection and Prevention Market: Strategic Insights

fraud-detection-and-prevention-market
  • Get Top Key Market Trends of this report.
    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Fraud Detection and Prevention Market Drivers and Opportunities

Growing No. of Cyberattacks Across Enterprise to Favor Market

Cybersecurity risks are a significant issue in the current digital landscape. Serious repercussions affect individuals, corporations, and governments. It is crucial to prevent cyber-attacks. The increase in cyber-attacks has elevated the significance of cybersecurity for protecting crucial infrastructures and ensuring the security of people and businesses. Fraud detection and prevention solutions are now seen as essential tools for companies to protect themselves from online attacks. Using the software can assist companies in boosting sales with valuable clients, boosting approval rates, minimizing reserve account needs, avoiding chargebacks, and much more. Consequently, the rise in cyberattacks within businesses is leading to a higher need for fraud prevention options, driving the expansion of the fraud detection and prevention industry.

Rising Demand for Predictive Analytics in Fraud Management

Predictive analytics is an advanced strategy for preventing fraud that uses data, statistical algorithms, and machine learning methods to predict future events based on past data analysis. In essence, predictive analytics involves predicting unforeseen future occurrences, and within the realm of fraud prevention, it is essential for detecting and minimizing possible fraudulent behaviors proactively. Predictive models use historical data analytics and user behavior to identify patterns that suggest the presence of fraud. For instance, a model that is trained on data containing fraudulent occurrences will be able to identify and highlight comparable patterns in fresh cases, such as call records, frequencies, or abnormal user actions.

Fraud Detection and Prevention Market Report Segmentation Analysis

Key segments that contributed to the derivation of the fraud detection and prevention market analysis are content component, deployment and end user.

  • Based on component, the market is segmented into solution and services. The solution segment held a significant market share in 2023.
  • Based on deployment, the market is segmented into on-premises and cloud. The on-premises segment held a significant market share in 2023.
  • In terms of end user, the market is bifurcated into BFSI, healthcare, manufacturing, retail, telecommunication, and others. The BFSI segment held a substantial share of the market in 2023.

Fraud Detection and Prevention Market Share Analysis by Geography

The geographic scope of the fraud detection and prevention market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

The US is expected to dominate the fraud detection and prevention market in North America in 2023. The retail and e-commerce sectors in North American countries such as the US and Canada are strong. Over 60% of Americans participate in online shopping for essential and luxury items they need in their everyday routines. Also, the United States ranks as the world's second-largest e-commerce market. The US Census Bureau reported that retail e-commerce sales in the first quarter of 2023 reached US$272.6 billion, marking a 3% growth from the previous quarter in 2022. Likewise, as stated by the International Trade Administration (ITA), around 27 million individuals in Canada were utilizing e-commerce in 2022, which equates to 75% of the Canadian populace, with projections showing an increase to 77.6% by 2025. E-commerce sales were at approximately US$ 2.34 billion in the country in March 2022, with projected growth to US$ 40.3 billion by 2025. The increasing acceptance of online shopping in the area is leading to a significant need for measures to prevent fraud, as it involves sharing sensitive information of individuals and companies. Therefore, the expansion of the e-commerce sector in the area is driving the market in North America.

Fraud Detection and Prevention Market Regional Insights

The regional trends and factors influencing the Fraud Detection and Prevention Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Fraud Detection and Prevention Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

fraud-detection-and-prevention-market-global-geography
  • Get the Regional Specific Data for Fraud Detection and Prevention Market

Fraud Detection and Prevention Market Report Scope

Report Attribute Details
Market size in 2023 US$ 35.67 Billion
Market Size by 2031 US$ 116.96 Billion
Global CAGR (2023 - 2031) 16%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Solution and Services
By Deployment
  • On-premises and Cloud
By End-user
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail
  • Telecommunication
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Accertify, Inc.
  • BAE Systems
  • F5
  • FICO
  • Fiserv, Inc.
  • IBM corporation
  • Paypal
  • SAP SE
  • SAS Institute Inc.
  • Securonix

  • Fraud Detection and Prevention Market Players Density: Understanding Its Impact on Business Dynamics

    The Fraud Detection and Prevention Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Fraud Detection and Prevention Market are:

    1. Accertify, Inc.
    2. BAE Systems
    3. F5
    4. FICO
    5. Fiserv, Inc.
    6. IBM corporation

    Disclaimer: The companies listed above are not ranked in any particular order.


    fraud-detection-and-prevention-market-cagr

    • Get the Fraud Detection and Prevention Market top key players overview

    Fraud Detection and Prevention Market News and Recent Developments

    The fraud detection and prevention market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the fraud detection and prevention market are listed below:

    • NICE Actimize, a NICE business (Nasdaq: NICE), today announced the availability of IFM 11 (Integrated Fraud Management), a new release of its market-leading, AI-driven fraud management and detection platform. The new release leverages recent advancements in artificial intelligence together with NICE Actimize’s unique collective intelligence capabilities to introduce unprecedented fraud detection accuracy, agility and efficiency to protect financial services firms and their customers from the next generation of AI-driven fraud and scams.

    (Source: NICE Actimize, Press Release, April 2024)

    Fraud Detection and Prevention Market Report Coverage and Deliverables

    The “Fraud Detection and Prevention Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Fraud detection and prevention market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Fraud detection and prevention market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Fraud detection and prevention market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the fraud detection and prevention market
    • Detailed company profiles

    Frequently Asked Questions

    What would be the estimated value of the fraud detection and prevention market by 2031?

    The market is expected to reach a value of US$ 116.96 billion by 2031.

    What is the expected CAGR of the fraud detection and prevention market?

    The market is anticipated to record a CAGR of 16.0% during 2023–2031.

    Which are the leading players operating in the fraud detection and prevention market?

    Accertify, Inc., BAE Systems, F5, FICO, Fiserv, Inc., IBM Corporation, Paypal, SAP SE, SAS Institute Inc., and Securonix are major players in the market.

    What are the future trends of the fraud detection and prevention market?

    Incorporation with advanced technologies such as AI is a key trend in the market.

    What are the driving factors impacting the fraud detection and prevention market?

    Growing no. of cyberattacks across enterprises and increasing adoption of online banking applications and mobile banking services are driving the market.

    Ankita Mittal
    Ankita Mittal
    Manager,
    Market Research & Consulting

    Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

    Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset

    Testimonials

    user

    I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.

    DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
    user

    The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services

    Yukihiko Adachi CEO, Deep Blue, LLC.

    Reason to Buy

    • Informed Decision-Making
    • Understanding Market Dynamics
    • Competitive Analysis
    • Customer Insights
    • Market Forecasts
    • Risk Mitigation
    • Strategic Planning
    • Investment Justification
    • Identifying Emerging Markets
    • Enhancing Marketing Strategies
    • Boosting Operational Efficiency
    • Tracking Industry Innovations
    • Aligning with Regulatory Trends
    Your Key Concerns Addressed - Question & Answer
    Can I view a sample of the report before purchasing?

    Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

    Is analyst support included with the purchase?

    Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

    What are the next steps once I place an order?

    Once your order is successfully placed, you will receive a confirmation email along with your invoice.

    • For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
    • For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

    Can the report be tailored to suit my specific needs?

    We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.

    In what format is the report delivered?

    The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

    The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
    Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

    How secure is the payment process on your platform?

    Our payment process is fully secure and PCI-DSS compliant.

    We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
    You can make your purchase with confidence, knowing your personal and financial information is safe with us.

    Do you provide special pricing for buying multiple reports?

    Yes, we do offer special pricing for bulk purchases.
    If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.

    Can I connect with your team to discuss the report before buying?

    Yes, absolutely.
    Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

    Will I get a billing invoice upon purchase?

    Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
    If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.

    Is there support available if I can’t access my report?

    Yes, certainly.
    If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.

    Our Clients
    Fraud Detection and Prevention Market
    Connect With Expert
    Sales Assistance
    US: +1-646-491-9876
    UK: +44-20-8125-4005
    Email: sales@theinsightpartners.com
    Chat with us
    DUNS Logo
    87-673-9708
    ISO Certified Logo
    ISO 9001:2015
    ISO Certified Logo