Fraud Detection and Prevention (FDP) Market
Global Fraud Detection and Prevention (FDP) Market Size, Share & Trends Analysis Report by Fraud Type (Identity Fraud, Online Fraud, Investment Fraud, Payment Fraud, Insurance Fraud, Credit & Debit Fraud, and Others), By Component (Solution and Service) By Vertical (Banking, Insurance, Government, Healthcare, E-commerce, and Others) Forecast Period (2021-2027). Update Available - Forecast 2024-2030
The global FDP market is anticipated to grow at a significant CAGR of 18.3% during the forecast period. The increased adoption of AI in banking and insurance sector is fuleing the FDP market globally. Businesses are taking advantage by using AI to detect fraud which enhances their internal security and simplify corporate operations due to which it has emerged as significant tool to avoid the financial crimes. Various companies are focused towards bringing innovative AI-based FDP solutions to detect and prevent the fraud. For instance, in September 2021, IBM reveiled the details of its upcoming Telum processor which is designed to help enterprises to address fraud in real-time. Telum is the first processor of Big Blue which contains on-chip acceleration for AI influencing while the operation is taking place. Telum is planned for the first half of 2022. It is designed for the customers to achieve business insights related to their banking, financial and insurance interactions.
Impact of COVID-19 Pandemic on Global FDP Market
The COVID-19 pandemic has resulted in lockdown in various countries due to which the use of digital platform has increased. People are using digital platforms for various reasons such as work from home, online shopping and online payments through net banking, digital apps or wallets. The increased use of digital platform has given opportunities to fraud criminals for hacking and access to credential information of consumers. Owing to such situations various inudtries such as banking, insurance, healthcare and others are required to adopt FDP solutions to avoid the frauds and keep the credential information of their customers safe. COVID-19 has the major impact on healthcare industry due to urgent requirement to fight against the COVID-19 disease as well as work on IT solutions to avoid the fraud as there was high risk of fraud in that sector.
Segmental Outlook
The global FDP market is segmented based on the fraud type, component and vertical. Based on the fraud type, the market is sub-segmented into identity fraud, online fraud, investment fraud, payment fraud, insurance fraud, credit & debit fraud, and others. Based on the component, the market is sub-segmented into the solution and service. Based on the vertical, the market is sub-segmented into the banking, insurance, government, healthcare, e-commerce, and others. Out of vertical segment banking and insurance are the emerging segments in the globald FDP market.
Global FDP Market Share by Vertical, 2020 (%)
The Banking & Insurance segment is the Fastest Growing Segments in the Global FDP Market.
The banking & insurance segments is showing the fastest gowth in adopting FDP solutions due to increased risk of financial losses and credibility. In order to protect the consumers from frauds various regulations have been imposed on banks by regulatory bodies. Further, hackers are using advanced technologies to get access to credentials of banks and their customers, banks are forced to adopt FDP solutions and keep their systems up to date to secure the credential data. For instance, in August 2021, DataVisor announced that its enterprise solution is available for purchase through Finastra’s FusionStore. This AI-based solution facilitates financial institutions in taking advantage from integrated signals, third-party data and heterogeneous data sources, in order to minimize the financial loss and help detect frauds. Using such solutions banks & insurance companies can minimize their risk of financial loss due to which the market for such solutios can grow in future.
Regional Outlooks
The global FDP market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).
Global FDP Market Growth, by Region 2021-2027
The North America Region Holds the Major Share in the Global FDP Market.
The North America holds major share in global FDP market due to rising number of cases related to identity frauds and financial losses in the region owing to which it has highest number of FDP providers. Further, government is taking various initiatives to avoid such cases. For instance, US Department of State’s Regional Security Office hosted a Prevention and Detection of Fraud Training Program in December 2021. The program was intended to train Royal Grenada Police Force, Custom and Excise Department and others to identify and counter human traffic and identify fraudulent documents to prevent the fraud, due to which the region holds major share in FDP market.
Market Players Outlook
The major companies serving the global FDP market include Accertify, Inc., ACI Worldwide., Amazon Web Services, Inc., BAE Systems., DataVisor, Inc., Experian Information Solutions, Inc., F5, Inc., Feedzai, FICO, FIS, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2021, Equifax acquired Kount, which provides identity fraud prevention software. With this acquisition Equifax aimed to enter digital identity fraud prevention market.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global FDP market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global FDP Market
• Recovery Scenario of Global FDP Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. ACI Worldwide.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. BAE Systems.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. DataVisor, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. FICO
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Microsoft Corp
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global FDP Market by Fraud Type
4.1.1. Identity Fraud
4.1.2. Online Fraud
4.1.3. Investment Fraud
4.1.4. Payment Fraud
4.1.5. Insurance Fraud
4.1.6. Credit & Debit Fraud
4.1.7. Others (Ponzi Schemes, Corporate Fraud)
4.2. Global FDP Market by Component
4.2.1. Solution
4.2.2. Service
4.3. Global FDP Market by Vertical
4.3.1. Banking & Insurance
4.3.2. Government
4.3.3. Healthcare
4.3.4. E-commerce
4.3.5. Others (Education, IT & Telecom)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Accertify, Inc.
6.2. Amazon Web Services, Inc.
6.3. Experian Information Solutions, Inc.
6.4. F5, Inc.
6.5. Feedzai
6.6. FIS
6.7. Fiserv, Inc.
6.8. FRISS Inc
6.9. GURUCUL
6.10. Kount Inc.
6.11. LexisNexis Risk Solutions Group.
6.12. NICE Ltd.
6.13. OneSpan
6.14. PayPal Payments Private Ltd.
6.15. PerimeterX, Inc.
6.16. RSA Security LLC
6.17. SAS Institute Inc.
6.18. Securonix
6.19. Software AG
6.20. Trans Union LLC
6.21. Visa
1. GLOBAL FDP MARKET RESEARCH AND ANALYSIS BY FRAUD TYPE, 2020-2027 ($ MILLION)
2. GLOBAL FDP IN IDENTITY FRAUD MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL FDP IN ONLINE FRAUD MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL FDP IN INVESTMENT FRAUD MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL FDP IN PAYMENT FRAUD MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL FDP IN INSURANCE FRAUD MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL FDP IN CREDIT & DEBIT FRAUD MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL OTHERS FDP MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL FDP MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
10. GLOBAL FDP SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL FDP SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL FDP MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2020-2027 ($ MILLION)
13. GLOBAL FDP FOR BANKING & INSURANCE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
14. GLOBAL FDP FOR GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL FDP FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL FDP FOR E-COMMERCE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL FDP FOR OTHER VERTICALS IN FDP MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
18. GLOBAL FDP MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
19. NORTH AMERICAN FDP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
20. NORTH AMERICAN FDP MARKET RESEARCH AND ANALYSIS BY FRAUD TYPE, 2020-2027 ($ MILLION)
21. NORTH AMERICAN FDP MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
22. NORTH AMERICAN FDP MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2020-2027 ($ MILLION)
23. EUROPEAN FDP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
24. EUROPEAN FDP MARKET RESEARCH AND ANALYSIS BY FRAUD TYPE, 2020-2027 ($ MILLION)
25. EUROPEAN FDP MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
26. EUROPEAN FDP MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2020-2027 ($ MILLION)
27. ASIA-PACIFIC FDP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
28. ASIA-PACIFIC FDP MARKET RESEARCH AND ANALYSIS BY FRAUD TYPE, 2020-2027 ($ MILLION)
29. ASIA-PACIFIC FDP MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
30. ASIA-PACIFIC FDP MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2020-2027 ($ MILLION)
31. REST OF THE WORLD FDP MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
32. REST OF THE WORLD FDP MARKET RESEARCH AND ANALYSIS BY FRAUD TYPE, 2020-2027 ($ MILLION)
33. REST OF THE WORLD FDP MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
34. REST OF THE WORLD FDP MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL FDP MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL FDP MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL FDP MARKET, 2021-2027 (%)
4. GLOBAL FDP MARKET SHARE BY FRAUD TYPE, 2020 VS 2027 (%)
5. GLOBAL IDENTITY FRAUD IN FDP MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL ONLINE FRAUD IN FDP MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL INVESTMENT FRAUD IN FDP MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
8. GLOBAL PAYMENT FRAUD IN FDP MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL INSURANCE FRAUD IN FDP MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL CREDIT & DEBIT FRAUD IN FDP MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL OTHERS IN FDP MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL FDP MARKET SHARE BY COMPONENT, 2020 VS 2027 (%)
13. GLOBAL SOLUTION IN FDP MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL SERVICE IN FDP MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL FDP MARKET SHARE BY VERTICAL, 2020 VS 2027 (%)
16. GLOBAL FDP IN BANKING & INSURANCE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
17. GLOBAL FDP IN GOVERNMENT MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL FDP IN HEALTHCARE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL FDP IN E-COMMERCE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
20. GLOBAL FDP IN OTHERVERTICAL MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
21. GLOBAL FDP MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
22. US FDP MARKET SIZE, 2020-2027 ($ MILLION)
23. CANADA FDP MARKET SIZE, 2020-2027 ($ MILLION)
24. UK FDP MARKET SIZE, 2020-2027 ($ MILLION)
25. FRANCE FDP MARKET SIZE, 2020-2027 ($ MILLION)
26. GERMANY FDP MARKET SIZE, 2020-2027 ($ MILLION)
27. ITALY FDP MARKET SIZE, 2020-2027 ($ MILLION)
28. SPAIN FDP MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OF EUROPE FDP MARKET SIZE, 2020-2027 ($ MILLION)
30. INDIA FDP MARKET SIZE, 2020-2027 ($ MILLION)
31. CHINA FDP MARKET SIZE, 2020-2027 ($ MILLION)
32. JAPAN FDP MARKET SIZE, 2020-2027 ($ MILLION)
33. SOUTH KOREA FDP MARKET SIZE, 2020-2027 ($ MILLION)
34. REST OF ASIA-PACIFIC FDP MARKET SIZE, 2020-2027 ($ MILLION)
35. REST OF THE WORLD FDP MARKET SIZE, 2020-2027 ($ MILLION)
