Fraud Detection and Prevention, Global, 2025–2030
Description
The global Fraud Detection and Prevention (FDP) market is evolving as it undergoes transformation with the adoption of advanced technologies such as artificial intelligence (AI), machine learning (ML), behavioral biometrics, and generative AI. Frost & Sullivan’s comprehensive analysis explores how these innovations are reshaping the FDP landscape, enabling enterprises to combat increasingly sophisticated fraud threats while ensuring compliance and enhancing customer experience.
Between 2024 and 2030, the FDP market is projected to grow at a compound annual growth rate (CAGR) of 16.6%, reaching a global revenue of $47.16 billion by 2030. This growth is fueled by the proliferation of digital transactions, the rise of fraud-as-a-service (FaaS), and the emergence of synthetic identities and deepfake-enabled scams. Enterprises are responding by deploying AI-powered FDP solutions that offer real-time anomaly detection, adaptive learning, and seamless integration across platforms.
The study segments the market by region, vertical, and business size, highlighting North America and Europe as leading adopters due to stringent regulatory frameworks and high digital maturity. Asia Pacific and Latin America are poised for accelerated growth, driven by increasing digital penetration and evolving regulatory landscapes. Small and medium enterprises (SMEs), often resource-constrained, are turning to modular, SaaS-based FDP solutions to mitigate risk and ensure business continuity.
Key components of FDP include Know Your Customer (KYC), Know Your User (KYU), fraud analytics, and anti-money laundering (AML) technologies. The competitive environment is marked by over 100 vendors, with notable players such as LexisNexis Risk Solutions, NICE Actimize, Entrust, Akamai, Forter, and BioCatch offering differentiated capabilities across verticals like BFSI, retail, government, and media.
Strategic imperatives such as customer value chain compression, disruptive technologies, and industry convergence are reshaping the FDP ecosystem. Mergers and acquisitions, including Visa’s acquisition of Featurespace and Entrust’s acquisition of Onfido, underscore the market’s dynamism and the push toward integrated, end-to-end fraud prevention platforms.
The report concludes with actionable insights for CISOs, emphasizing the need for dynamic fraud management, regulatory alignment, explainable AI, and scalable architectures. As fraud tactics evolve, organizations must prioritize intelligence, adaptability, and collaboration to survive and thrive in the digital age.
Key questions answered by this report:
1. What are the primary drivers of growth in the global FDP market between 2024 and 2030
2. How are advanced technologies like AI, ML, and biometrics transforming fraud detection and prevention?
3. Which regions and industry verticals are expected to lead FDP adoption and revenue growth?
4. What are the major challenges and restraints hindering the adoption of FDP solutions?
5. Who are the leading vendors in the FDP space and what differentiates their offerings?
Between 2024 and 2030, the FDP market is projected to grow at a compound annual growth rate (CAGR) of 16.6%, reaching a global revenue of $47.16 billion by 2030. This growth is fueled by the proliferation of digital transactions, the rise of fraud-as-a-service (FaaS), and the emergence of synthetic identities and deepfake-enabled scams. Enterprises are responding by deploying AI-powered FDP solutions that offer real-time anomaly detection, adaptive learning, and seamless integration across platforms.
The study segments the market by region, vertical, and business size, highlighting North America and Europe as leading adopters due to stringent regulatory frameworks and high digital maturity. Asia Pacific and Latin America are poised for accelerated growth, driven by increasing digital penetration and evolving regulatory landscapes. Small and medium enterprises (SMEs), often resource-constrained, are turning to modular, SaaS-based FDP solutions to mitigate risk and ensure business continuity.
Key components of FDP include Know Your Customer (KYC), Know Your User (KYU), fraud analytics, and anti-money laundering (AML) technologies. The competitive environment is marked by over 100 vendors, with notable players such as LexisNexis Risk Solutions, NICE Actimize, Entrust, Akamai, Forter, and BioCatch offering differentiated capabilities across verticals like BFSI, retail, government, and media.
Strategic imperatives such as customer value chain compression, disruptive technologies, and industry convergence are reshaping the FDP ecosystem. Mergers and acquisitions, including Visa’s acquisition of Featurespace and Entrust’s acquisition of Onfido, underscore the market’s dynamism and the push toward integrated, end-to-end fraud prevention platforms.
The report concludes with actionable insights for CISOs, emphasizing the need for dynamic fraud management, regulatory alignment, explainable AI, and scalable architectures. As fraud tactics evolve, organizations must prioritize intelligence, adaptability, and collaboration to survive and thrive in the digital age.
Key questions answered by this report:
1. What are the primary drivers of growth in the global FDP market between 2024 and 2030
2. How are advanced technologies like AI, ML, and biometrics transforming fraud detection and prevention?
3. Which regions and industry verticals are expected to lead FDP adoption and revenue growth?
4. What are the major challenges and restraints hindering the adoption of FDP solutions?
5. Who are the leading vendors in the FDP space and what differentiates their offerings?
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