Fraud Detection and Prevention (FDP) Market Booming Worldwide with Latest Trend and Future Scope by 2029

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.

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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.

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  • Market Coverage
  • Market number available for – 2023-2029
  • Base year- 2022
  • Forecast period- 2023-2029
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global FDP Market Report by Segment

By Fraud Type

  • Identity Fraud
  • Online Fraud
  • Investment Fraud
  • Payment Fraud
  • Insurance Fraud
  • Credit & Debit Fraud
  • Others (Ponzi Schemes, Corporate Fraud)

By Component

  • Solution
  • Service

By Vertical

  • Banking
  • Insurance
  • Government
  • Healthcare
  • E-commerce
  • Others (Education, IT & Telecom)

Global FDP Market Report by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Latin America
  • Middle East & Africa

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.

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