Financial Fraud Detection and Prevention Market Report 2025-2029 and 2034 - Deepfake Fraud Concerns Drive Adoption of Real-Time Fraud Monitoring Systems
The Financial Fraud Detection and Prevention market is set to grow from $24.31B in 2024 to $42.62B by 2029, driven by rising digital transactions and increasing fraud threats. With major players like Amazon and Microsoft, the market focuses on AI and ML innovations for robust fraud detection solutions.
Financial Fraud Detection and Prevention Market
Dublin, June 03, 2025 (GLOBE NEWSWIRE) -- The "Financial Fraud Detection and Prevention Market Report 2025" has been added to ResearchAndMarkets.com's offering.
The Financial Fraud Detection and Prevention market is experiencing substantial growth, projecting an increase from $24.31 billion in 2024 to $27.27 billion in 2025, maintaining a CAGR of 12.2%. Recent growth stems from digital transaction proliferation, rising financial fraud cases, expanded regulatory criteria, data breaches, and mobile banking fraud escalation.
Forecasts suggest the market will reach $42.62 billion by 2029, driven by deepfake fraud concerns, cyberattack frequency, mobile payment tech adoption, and ongoing digital transaction expansion. Notable trends include real-time fraud monitoring integration, explainable AI adoption, predictive analytics advancements, adaptive fraud prevention improvements, and biometric authentication innovations.
Financial fraud threats bolster market expansion as sophisticated digital scams rise, creating opportunities for cybercriminals amid consumer security awareness gaps. Systems mitigate fraud by identifying suspicious activities, analyzing transaction patterns, and reinforcing security protocols. For example, the FTC reported over $10 billion in 2023 consumer fraud losses, a record high, reinforcing the market's relevance.
Companies prioritize AI and ML integration to enhance fraud detection, risk assessment, and regulatory compliance. These technologies facilitate large-scale transaction data analysis, identifying suspicious patterns and anomalies. In November 2024, Paisabazaar launched an advanced fraud detection system using AI, ML, and real-time analytics, underscoring technological influence on market dynamics.
February 2024 saw Signzy Technologies acquiring Difenz for $5 million, enhancing AI-driven compliance solutions and fraud detection. Difenz specializes in AI-enabled fraud risk solutions, showcasing strategic market investments.
Key Attributes:
Report Attribute
Details
No. of Pages
175
Forecast Period
2025 - 2029
Estimated Market Value (USD) in 2025
$27.27 Billion
Forecasted Market Value (USD) by 2029
$42.62 Billion
Compound Annual Growth Rate
11.8%
Regions Covered
Global
Companies Featured
Amazon Web Services Inc.
Microsoft Corporation
SAP SE
Fiserv Inc.
FIS Global
Experian Information Solutions Inc.
Genpact Ltd.
TransUnion LLC
SAS Institute Inc.
F5 Inc.
NICE Actimize
LexisNexis Risk Solutions
Infosys Business Process Management Company
ACI Worldwide
FICO
RSA Security LLC
ClearSale
Bottomline Technologies Inc.
Accertify Inc.
Securonix
For more information about this report visit https://www.researchandmarkets.com/r/vejbim
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Financial Fraud Detection and Prevention Market
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