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North America Fraud Detection and Prevention Market Size, Share & Trends Analysis Report By Component, By Organization, By Application, By Vertical, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Mar 21, 2025
Length 156 Pages
SKU # KBV19948127

Description

The North America Fraud Detection and Prevention Market would witness market growth of 17.4% CAGR during the forecast period (2024-2031).

The US market dominated the North America Fraud Detection and Prevention Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $25,871.6 million by 2031. The Canada market is experiencing a CAGR of 19.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 18.9% during (2024 - 2031).

Fraud Detection and Prevention (FDP) refers to the strategies, tools, and technologies used by organizations to identify, prevent, and mitigate fraudulent activities. It involves continuously monitoring transactions, analyzing data, and implementing controls to detect and stop fraudulent actions before they can cause harm. Identity theft, payment fraud, account takeovers, insurance fraud, insider fraud, phishing, and other unlawful actions can all be considered fraud in this sense.

Fraud detection is fundamentally concerned with the identification of suspicious behaviors and patterns that may suggest fraudulent activity. This process typically involves real-time monitoring, data analysis, and pattern recognition to detect anomalies in user behavior, transactions, or system activities. On the other hand, fraud prevention is about implementing measures to prevent fraudulent activities from happening in the first place. Prevention strategies include identity verification, multi-factor authentication (MFA), behavioral biometrics, access controls, and employee training.

In Canada, the increasing rate of cybercrime and stringent regulatory requirements are key drivers of market growth. The Canadian Anti-Fraud Centre reported over 49,432 cases of identity fraud by December 2024, reinforcing the necessity for businesses to adopt fraud detection technologies. The use of FDP systems is further fueled by Canada's Personal Information Protection and Electronic Documents Act (PIPEDA), which mandates that corporations put strict measures in place to secure personal information. The digital transformation across sectors such as healthcare, finance, and government heightens the reliance on digital services, increasing the risk of fraud and the demand for robust prevention measures. North America is anticipated to continue to be a significant market for fraud detection and prevention solutions for some time to come due to its strict regulatory environment, rising fraud rates, and robust cybersecurity ecosystem.

Based on Component, the market is segmented into Solution (Fraud Analytics, Authentication, and Governance, Risk, and Compliance) and Services (Professional Services and Managed Services).Based on Organization, the market is segmented into Large Enterprises and SMEs. Based on Application, the market is segmented into Payment Fraud, Identity Theft, Money Laundering, and Other Application. Based on Vertical, the market is segmented into BFSI, Retail & E-commerce, IT & Telecom, Government & Defense, Healthcare, Industrial & Manufacturing, and Other Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled
  • Dell Technologies, Inc.
  • BAE Systems PLC
  • IBM Corporation
  • Oracle Corporation
  • NICE Ltd.
  • SAP SE
  • SAS Institute Inc.
  • Fair Isaac Corporation (FICO)
  • NCR Corporation
  • ACI Worldwide, Inc.
North America Fraud Detection and Prevention Market Report Segmentation

By Component
  • Solution
  • Fraud Analytics
  • Authentication
  • Governance, Risk, and Compliance
  • Services
  • Professional Services
  • Managed Services
By Organization
  • Large Enterprises
  • SMEs
By Application
  • Payment Fraud
  • Identity Theft
  • Money Laundering
  • Other Application
By Vertical
  • BFSI
  • Retail & E-commerce
  • IT & Telecom
  • Government & Defense
  • Healthcare
  • Industrial & Manufacturing
  • Other Vertical
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

156 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Fraud Detection and Prevention Market, by Component
1.4.2 North America Fraud Detection and Prevention Market, by Organization
1.4.3 North America Fraud Detection and Prevention Market, by Application
1.4.4 North America Fraud Detection and Prevention Market, by Vertical
1.4.5 North America Fraud Detection and Prevention Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.5 Porter Five Forces Analysis
Chapter 5. North America Fraud Detection and Prevention Market by Component
5.1 North America Solution Market by Region
5.2 North America Fraud Detection and Prevention Market by Solution Type
5.2.1 North America Fraud Analytics Market by Country
5.2.2 North America Authentication Market by Country
5.2.3 North America Governance, Risk, and Compliance Market by Country
5.3 North America Services Market by Region
5.4 North America Fraud Detection and Prevention Market by Services Type
5.4.1 North America Professional Services Market by Country
5.4.2 North America Managed Services Market by Country
Chapter 6. North America Fraud Detection and Prevention Market by Organization
6.1 North America Large Enterprises Market by Region
6.2 North America SMEs Market by Region
Chapter 7. North America Fraud Detection and Prevention Market by Application
7.1 North America Payment Fraud Market by Country
7.2 North America Identity Theft Market by Country
7.3 North America Money Laundering Market by Country
7.4 North America Other Application Market by Country
Chapter 8. North America Fraud Detection and Prevention Market by Vertical
8.1 North America BFSI Market by Country
8.2 North America Retail & E-commerce Market by Country
8.3 North America IT & Telecom Market by Country
8.4 North America Government & Defense Market by Country
8.5 North America Healthcare Market by Country
8.6 North America Industrial & Manufacturing Market by Country
8.7 North America Other Vertical Market by Country
Chapter 9. North America Fraud Detection and Prevention Market by Country
9.1 US Fraud Detection and Prevention Market
9.1.1 US Fraud Detection and Prevention Market by Component
9.1.1.1 US Fraud Detection and Prevention Market by Solution Type
9.1.2 US Fraud Detection and Prevention Market by Services Type
9.1.3 US Fraud Detection and Prevention Market by Organization
9.1.4 US Fraud Detection and Prevention Market by Application
9.1.5 US Fraud Detection and Prevention Market by Vertical
9.2 Canada Fraud Detection and Prevention Market
9.2.1 Canada Fraud Detection and Prevention Market by Component
9.2.1.1 Canada Fraud Detection and Prevention Market by Solution Type
9.2.1.2 Canada Fraud Detection and Prevention Market by Services Type
9.2.2 Canada Fraud Detection and Prevention Market by Organization
9.2.3 Canada Fraud Detection and Prevention Market by Application
9.2.4 Canada Fraud Detection and Prevention Market by Vertical
9.3 Mexico Fraud Detection and Prevention Market
9.3.1 Mexico Fraud Detection and Prevention Market by Component
9.3.1.1 Mexico Fraud Detection and Prevention Market by Solution Type
9.3.1.2 Mexico Fraud Detection and Prevention Market by Services Type
9.3.2 Mexico Fraud Detection and Prevention Market by Organization
9.3.3 Mexico Fraud Detection and Prevention Market by Application
9.3.4 Mexico Fraud Detection and Prevention Market by Vertical
9.4 Rest of North America Fraud Detection and Prevention Market
9.4.1 Rest of North America Fraud Detection and Prevention Market by Component
9.4.1.1 Rest of North America Fraud Detection and Prevention Market by Solution Type
9.4.1.2 Rest of North America Fraud Detection and Prevention Market by Services Type
9.4.2 Rest of North America Fraud Detection and Prevention Market by Organization
9.4.3 Rest of North America Fraud Detection and Prevention Market by Application
9.4.4 Rest of North America Fraud Detection and Prevention Market by Vertical
Chapter 10. Company Profiles
10.1 Dell Technologies, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expense
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.6 SWOT Analysis
10.2 BAE Systems PLC
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.6 SWOT Analysis
10.3 IBM Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional & Segmental Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 Oracle Corporation
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 NICE Ltd.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 SAP SE
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional Analysis
10.6.4 Research & Development Expense
10.6.5 SWOT Analysis
10.7 SAS Institute, Inc.
10.7.1 Company Overview
10.7.2 Recent strategies and developments:
10.7.2.1 Partnerships, Collaborations, and Agreements:
10.7.3 SWOT Analysis
10.8 Fair Isaac Corporation (FICO)
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.9 NCR Corporation
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. ACI Worldwide, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 Recent strategies and developments:
10.10.5.1 Partnerships, Collaborations, and Agreements:

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