+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Anti-fraud Market Insights 2024, Analysis and Forecast to 2029, by Market Participants, Regions, Technology, Application

  • PDF Icon

    Report

  • 90 Pages
  • November 2024
  • Region: Global
  • Prof Research
  • ID: 5726913
The anti-fraud market is witnessing significant growth as companies and financial institutions increasingly prioritize securing their transactions and information against fraudulent activities. With the rise of digital transactions and cyber threats, the importance of implementing robust anti-fraud solutions cannot be overstated. This market encompasses a variety of tools, technologies, and services designed to detect and prevent fraudulent activities across diverse industries.

Market Size and Trends

As of 2023, the global anti-fraud market is valued at approximately $23 billion and is projected to grow at a compound annual growth rate (CAGR) of around 12% from 2024 to 2029. This growth is driven by increasing instances of fraud, advancements in technology, and a growing emphasis on compliance and regulatory requirements.

Share & Trends Analysis by Product Type

The anti-fraud market is segmented by product type into several categories, including:
  • Fraud Detection and Prevention Software: This segment accounts for the largest share of the market, fueled by rising investments in technology.
  • Identity Verification Solutions: Growing demand for identity verification services is boosting this segment, especially with the rise of remote banking.
  • Access Management Solutions: As enterprises move towards digital forms of identity management, this segment is expected to grow significantly.

Key Players in the Market

Several key players dominate the anti-fraud market, each offering unique solutions and services. Prominent companies include:
  • Gemalto/Thales Group: A leader in digital security, offering solutions that secure identities, payment transactions, and data protection.
  • RSA Security/Dell Technologies: This company provides a variety of cybersecurity solutions, specializing in fraud detection.
  • Transmit Security: Focuses on providing identity solutions that enhance user experience while adding layers of security.
  • Symantec: Offers comprehensive endpoint protection geared towards preventing fraud and cyber threats.
  • Early Warning: Known for its fraud prevention and risk management solutions, particularly in the banking sector.
  • Onespan: Offers a multi-factor authentication platform, focusing on ensuring secure transactions.

Market Analysis by Process

The anti-fraud market can be categorized based on processes involved:
  • Transaction Monitoring: Continuous monitoring of transactions to identify suspicious activities.
  • Know Your Customer (KYC): Essential for validating the identity of clients and assessing risk.
  • Risk Assessment: Involves evaluating and prioritizing potential risks for proactive management.

Market Analysis by Application

Key applications of anti-fraud solutions are primarily found in:
  • Banks: The largest segment, where anti-fraud measures are critical to protect customer data and transactions.
  • Other Financial Institutions: Including insurance companies and investment firms, these institutions augment their defenses against fraud through various solutions.

Market Analysis by End-Use

The anti-fraud market serves various end-user segments, including:
  • Corporate Sector: Corporations deploy anti-fraud solutions to protect sensitive information and financial activities.
  • Government Agencies: Agencies utilize these solutions for public protection and regulatory compliance.

Regional Market Analysis

The anti-fraud market exhibits regional differences driven by the unique financial environments of each area:
  • North America: Dominates the market due to the presence of key players and stringent regulations.
  • Europe: Growth is propelled by increased digitization and data protection laws.
  • Asia-Pacific: Rapid growth is observed as countries increase their focus on digitalization and cybersecurity.
  • Latin America: Emerging economies are seeing an increased demand for anti-fraud solutions as financial crimes rise.
  • The Middle East and Africa: Focused on improving cybersecurity infrastructures within financial institutions.

Market News and Developments

Recent developments in the anti-fraud market highlight the shadow of evolving policies and strategic partnerships:
  • Many governments are implementing stricter regulations aimed at enhancing cybersecurity measures across the financial sector.
  • Partnerships among tech companies and financial institutions are fostering the development of advanced detection systems and AI-driven fraud prevention methods.

Segment Forecasts: 2024-2029

Fraud Detection Software: Expected to continue leading the market, growing at a CAGR of around 14%.
Identity Verification Solutions: Anticipated to expand rapidly, spurred by regulatory compliance and customer needs.
Access Management Solutions: Will see a swift upward trend as organizations prioritize secure access to sensitive information.

Conclusion

The anti-fraud market is set for considerable growth driven by an increased focus on digital security, evolving cyber threats, and regulatory requirements. With leading players leveraging technology advancements to develop sophisticated solutions, the market landscape is likely to evolve significantly by 2029. Adopting a proactive approach to fraud prevention remains paramount for organizations to safeguard their operations and maintain consumer trust.

This product will be delivered within 1-3 business days.

Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
5.6 COVID-19 Impact
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Anti-Fraud Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Anti-Fraud Market in North America (2019-2029)
8.1 Anti-Fraud Market Size
8.2 Anti-Fraud Market by End Use
8.3 Competition by Players/Suppliers
8.4 Anti-Fraud Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Anti-Fraud Market in South America (2019-2029)
9.1 Anti-Fraud Market Size
9.2 Anti-Fraud Market by End Use
9.3 Competition by Players/Suppliers
9.4 Anti-Fraud Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Anti-Fraud Market in Asia & Pacific (2019-2029)
10.1 Anti-Fraud Market Size
10.2 Anti-Fraud Market by End Use
10.3 Competition by Players/Suppliers
10.4 Anti-Fraud Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southeast Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Anti-Fraud Market in Europe (2019-2029)
11.1 Anti-Fraud Market Size
11.2 Anti-Fraud Market by End Use
11.3 Competition by Players/Suppliers
11.4 Anti-Fraud Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Anti-Fraud Market in MEA (2019-2029)
12.1 Anti-Fraud Market Size
12.2 Anti-Fraud Market by End Use
12.3 Competition by Players/Suppliers
12.4 Anti-Fraud Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Anti-Fraud Market (2019-2024)
13.1 Anti-Fraud Market Size
13.2 Anti-Fraud Market by End Use
13.3 Competition by Players/Suppliers
13.4 Anti-Fraud Market Size by Type
Chapter 14 Global Anti-Fraud Market Forecast (2024-2029)
14.1 Anti-Fraud Market Size Forecast
14.2 Anti-Fraud Application Forecast
14.3 Competition by Players/Suppliers
14.4 Anti-Fraud Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 Gemalto/Thales Group
15.1.1 Company Profile
15.1.2 Main Business and Anti-fraud Information
15.1.3 SWOT Analysis of Gemalto/Thales Group
15.1.4 Gemalto/Thales Group Anti-fraud Revenue, Gross Margin and Market Share (2019-2024)
15.2 and RSA Security/Dell Technologies
15.2.1 Company Profile
15.2.2 Main Business and Anti-fraud Information
15.2.3 SWOT Analysis of and RSA Security/Dell Technologies
15.2.4 and RSA Security/Dell Technologies Anti-fraud Revenue, Gross Margin and Market Share (2019-2024)
15.3 Transmit Security
15.3.1 Company Profile
15.3.2 Main Business and Anti-fraud Information
15.3.3 SWOT Analysis of Transmit Security
15.3.4 Transmit Security Anti-fraud Revenue, Gross Margin and Market Share (2019-2024)
15.4 Symantec
15.4.1 Company Profile
15.4.2 Main Business and Anti-fraud Information
15.4.3 SWOT Analysis of Symantec
15.4.4 Symantec Anti-fraud Revenue, Gross Margin and Market Share (2019-2024)
15.5 Early Warning
15.5.1 Company Profile
15.5.2 Main Business and Anti-fraud Information
15.5.3 SWOT Analysis of Early Warning
15.5.4 Early Warning Anti-fraud Revenue, Gross Margin and Market Share (2019-2024)
15.6 Onespan
15.6.1 Company Profile
15.6.2 Main Business and Anti-fraud Information
15.6.3 SWOT Analysis of Onespan
15.6.4 Onespan Anti-fraud Revenue, Gross Margin and Market Share (2019-2024)
List of Tables and Figures
Table Abbreviation and Acronyms
Table Research Scope of Anti-Fraud Report
Table Data Sources of Anti-Fraud Report
Table Major Assumptions of Anti-Fraud Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Anti-Fraud Picture
Table Anti-Fraud Classification
Table Anti-Fraud Applications
Table Drivers of Anti-Fraud Market
Table Restraints of Anti-Fraud Market
Table Opportunities of Anti-Fraud Market
Table Threats of Anti-Fraud Market
Table COVID-19 Impact For Anti-Fraud Market
Table Raw Materials Suppliers
Table Different Production Methods of Anti-Fraud
Table Cost Structure Analysis of Anti-Fraud
Table Key End Users
Table Latest News of Anti-Fraud Market
Table Merger and Acquisition
Table Planned/Future Project of Anti-Fraud Market
Table Policy of Anti-Fraud Market
Table 2019-2029 North America Anti-Fraud Market Size
Figure 2019-2029 North America Anti-Fraud Market Size and CAGR
Table 2019-2029 North America Anti-Fraud Market Size by Application
Table 2019-2024 North America Anti-Fraud Key Players Revenue
Table 2019-2024 North America Anti-Fraud Key Players Market Share
Table 2019-2029 North America Anti-Fraud Market Size by Type
Table 2019-2029 United States Anti-Fraud Market Size
Table 2019-2029 Canada Anti-Fraud Market Size
Table 2019-2029 Mexico Anti-Fraud Market Size
Table 2019-2029 South America Anti-Fraud Market Size
Figure 2019-2029 South America Anti-Fraud Market Size and CAGR
Table 2019-2029 South America Anti-Fraud Market Size by Application
Table 2019-2024 South America Anti-Fraud Key Players Revenue
Table 2019-2024 South America Anti-Fraud Key Players Market Share
Table 2019-2029 South America Anti-Fraud Market Size by Type
Table 2019-2029 Brazil Anti-Fraud Market Size
Table 2019-2029 Argentina Anti-Fraud Market Size
Table 2019-2029 Chile Anti-Fraud Market Size
Table 2019-2029 Peru Anti-Fraud Market Size
Table 2019-2029 Asia & Pacific Anti-Fraud Market Size
Figure 2019-2029 Asia & Pacific Anti-Fraud Market Size and CAGR
Table 2019-2029 Asia & Pacific Anti-Fraud Market Size by Application
Table 2019-2024 Asia & Pacific Anti-Fraud Key Players Revenue
Table 2019-2024 Asia & Pacific Anti-Fraud Key Players Market Share
Table 2019-2029 Asia & Pacific Anti-Fraud Market Size by Type
Table 2019-2029 China Anti-Fraud Market Size
Table 2019-2029 India Anti-Fraud Market Size
Table 2019-2029 Japan Anti-Fraud Market Size
Table 2019-2029 South Korea Anti-Fraud Market Size
Table 2019-2029 Southeast Asia Anti-Fraud Market Size
Table 2019-2029 Australia Anti-Fraud Market Size
Table 2019-2029 Europe Anti-Fraud Market Size
Figure 2019-2029 Europe Anti-Fraud Market Size and CAGR
Table 2019-2029 Europe Anti-Fraud Market Size by Application
Table 2019-2024 Europe Anti-Fraud Key Players Revenue
Table 2019-2024 Europe Anti-Fraud Key Players Market Share
Table 2019-2029 Europe Anti-Fraud Market Size by Type
Table 2019-2029 Germany Anti-Fraud Market Size
Table 2019-2029 France Anti-Fraud Market Size
Table 2019-2029 United Kingdom Anti-Fraud Market Size
Table 2019-2029 Italy Anti-Fraud Market Size
Table 2019-2029 Spain Anti-Fraud Market Size
Table 2019-2029 Belgium Anti-Fraud Market Size
Table 2019-2029 Netherlands Anti-Fraud Market Size
Table 2019-2029 Austria Anti-Fraud Market Size
Table 2019-2029 Poland Anti-Fraud Market Size
Table 2019-2029 Russia Anti-Fraud Market Size
Table 2019-2029 MEA Anti-Fraud Market Size
Figure 2019-2029 MEA Anti-Fraud Market Size and CAGR
Table 2019-2029 MEA Anti-Fraud Market Size by Application
Table 2019-2024 MEA Anti-Fraud Key Players Revenue
Table 2019-2024 MEA Anti-Fraud Key Players Market Share
Table 2019-2029 MEA Anti-Fraud Market Size by Type
Table 2019-2029 Egypt Anti-Fraud Market Size
Table 2019-2029 Israel Anti-Fraud Market Size
Table 2019-2029 South Africa Anti-Fraud Market Size
Table 2019-2029 Gulf Cooperation Council Countries Anti-Fraud Market Size
Table 2019-2029 Turkey Anti-Fraud Market Size
Table 2019-2024 Global Anti-Fraud Market Size by Region
Table 2019-2024 Global Anti-Fraud Market Size Share by Region
Table 2019-2024 Global Anti-Fraud Market Size by Application
Table 2019-2024 Global Anti-Fraud Market Share by Application
Table 2019-2024 Global Anti-Fraud Key Vendors Revenue
Figure 2019-2024 Global Anti-Fraud Market Size and Growth Rate
Table 2019-2024 Global Anti-Fraud Key Vendors Market Share
Table 2019-2024 Global Anti-Fraud Market Size by Type
Table 2019-2024 Global Anti-Fraud Market Share by Type
Table 2024-2029 Global Anti-Fraud Market Size by Region
Table 2024-2029 Global Anti-Fraud Market Size Share by Region
Table 2024-2029 Global Anti-Fraud Market Size by Application
Table 2024-2029 Global Anti-Fraud Market Share by Application
Table 2024-2029 Global Anti-Fraud Key Vendors Revenue
Figure 2024-2029 Global Anti-Fraud Market Size and Growth Rate
Table 2024-2029 Global Anti-Fraud Key Vendors Market Share
Table 2024-2029 Global Anti-Fraud Market Size by Type
Table 2024-2029 Anti-Fraud Global Market Share by Type

Companies Mentioned

  • Gemalto/Thales Group
  • and RSA Security/Dell Technologies
  • Transmit Security
  • Symantec
  • Early Warning
  • Onespan